KEY FACTS as of 06/28/2019
- This strategy is available as a:
- Separate Account
- Mutual Fund
Portfolio Breakdownas of 06/28/2019
|Water & Sewer|
Allocations are reported as of the date a security transaction is initiated; however, certain transactions may not settle until several days later. Accordingly, cash may appear as a negative allocation as a result of forward-settling instruments such as currency forwards, certain mortgage-backed securities, and U.S. treasury futures. "Other" may include municipal bonds and non-index holdings.
Credit Quality Distributionas of 06/28/2019
Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the average rating based on numeric values assigned to each rating. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio.
CHARACTERISTICS as of 06/28/2019
|Average Effective Maturity||19.3 Years||13.1 Years|
|Average Effective Duration||6.96 Years||5.50 Years|
|Average Yield to Worst||2.75%||2.02%|
Portfolio data is based on the Municipals Representative Portfolio.
Average Annual Returns as of 05/31/2019
|Gross of Fees||6.27%||7.66%||4.23%||5.04%||6.63%||7.32%|
|Net of Fees||5.95%||6.87%||3.46%||4.27%||5.92%||6.88%|
|Bloomberg Barclays Municipal Bond Index||4.71%||6.40%||2.96%||3.58%||4.58%||6.68%|
Inception Date: May 1, 1984
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 05/31/2019
|Gross of Fees||1.47%||7.87%||1.11%||4.06%||13.67%||-5.43%||14.60%||11.94%||2.97%||25.58%|
|Net of Fees||0.73%||7.08%||0.36%||3.29%||12.83%||-6.11%||13.76%||11.08%||2.66%||25.21%|
|Bloomberg Barclays Municipal Bond Index||1.28%||5.45%||0.25%||3.30%||9.05%||-2.55%||6.78%||10.70%||2.38%||12.91%|