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KEY FACTS as of 08/30/2019

Strategy Inception Date
Apr 1971
Strategy AUM
$16.6 B
Custom Multi-Sector Fixed Income Blended Index
eVestment Universe
US Unconstrained Fixed Income


  • This strategy is available as a:
  • Separate Account
  • Mutual Fund
  • Series Fund


Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Andrew H. O'Brien
Andrew H. O'Brien, CFA

Partner & Portfolio Manager

21 Years of Industry Experience

Kewjin Yuoh
Kewjin Yuoh

Partner & Portfolio Manager

25 Years of Industry Experience

Robert Clark
Robert S. Clark, CFA

Portfolio Manager

22 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Managing Director & Portfolio Manager

11 Years of Industry Experience

Supported By 61 Investment Professionals with 15 Years Avg. Industry Experience

Related Content

The Lord Abbett Bond Debenture Fund
September 5, 2019

Here’s how a flexible, multi-sector approach to fixed income has generated consistent long-term returns.

A Multi-Sector Bond Approach
April 16, 2018

Lord Abbett partner and portfolio manager Steven F. Rocco discusses an approach that may be well suited for today’s market environment.



Portfolio Breakdownas of 08/30/2019

Type Portfolio
Type Portfolio
U.S. Investment Grade Corporate
U.S. High Yield Corporate
Non-U.S. Investment Grade Corporate
Non-U.S. High Yield Corporate
U.S. Government Related
Bank Loans

Credit Quality Distributionas of 08/30/2019

Type Portfolio
U.S. Treasury 5.0%
Agency 11.9%
AAA 2.9%
AA 7.1%
A 11.7%
BBB 24.6%
BB 18.6%
B 14.7%
<B 3.5%
Not Rated 0.1%

CHARACTERISTICS as of 08/30/2019

Average Coupon 4.98%
Average Maturity 10.28 Years
Average Effective Duration 4.75 Years
Average Yield to Worst 4.26%



Multi-Sector Fixed Income Institutional Composite

Average Annual Returns as of 07/31/2019

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
Gross of Fees 11.84% 8.31% 7.33% 6.19% 8.87% 7.57%
Net of Fees 11.58% 7.88% 6.91% 5.77% 8.43% 7.14%
Custom Multi-Sector Fixed Income Blended Index 11.25% 8.75% 6.27% 5.20% 8.14% -

Calendar Year Returnsas of 07/31/2019

2018 2017 2016 2015 2014 2013 2012 2011 2010 2009
Gross of Fees -3.02% 10.13% 13.23% -0.97% 5.41% 8.94% 14.18% 4.89% 14.00% 36.92%
Net of Fees -3.40% 9.69% 12.78% -1.36% 4.99% 8.51% 13.73% 4.47% 13.55% 36.39%
Custom Multi-Sector Fixed Income Blended Index -1.63% 7.69% 11.60% -1.89% 4.58% 8.74% 13.12% 3.17% 13.76% 44.58%

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