KEY FACTS as of 06/30/2020
- This strategy is available as a:
- Separate Account
- Mutual Fund
Portfolio Breakdownas of 06/30/2020
|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 06/30/2020
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 06/30/2020
|Average Effective Maturity||19.5 Years||13.0 Years|
|Average Effective Duration||7.78 Years||5.42 Years|
|Average Yield to Worst||2.75%||1.5%|
Portfolio data is based on the Municipals Representative Portfolio.
Average Annual Returns as of 07/31/2020
|Gross of Fees||2.50%||4.79%||5.50%||5.22%||5.73%||7.25%|
|Net of Fees||2.07%||4.03%||4.73%||4.45%||4.97%||6.81%|
|Bloomberg Barclays Municipal Bond Index||3.80%||5.36%||4.52%||4.13%||4.26%||6.64%|
Inception Date: May 1, 1984
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 07/31/2020
|Gross of Fees||10.19%||1.47%||7.87%||1.11%||4.06%||13.67%||-5.43%||14.60%||11.94%||2.97%|
|Net of Fees||9.39%||0.73%||7.08%||0.36%||3.29%||12.83%||-6.11%||13.76%||11.08%||2.66%|
|Bloomberg Barclays Municipal Bond Index||7.54%||1.28%||5.45%||0.25%||3.30%||9.05%||-2.55%||6.78%||10.70%||2.38%|