Short Duration Credit
Summary
Summary
Key Facts as of 12/31/2019
Vehicles
- This strategy is available as a:
- Separate Account
- ERISA CIT
- Commingled Trust
- Mutual Fund
- Series Fund
- UCITS
PORTFOLIO MANAGERS
Portfolio
Portfolio
Portfolio Breakdownas of 12/31/2019
| Type | Portfolio |
|---|
| Type | Portfolio |
|---|---|
| Investment Grade Corporate | |
| CMBS | |
| ABS | |
| High Yield Corporate | |
| Bank Loans | |
| U.S. Government Related | |
| Sovereign | |
| MBS | |
| Other | |
| Cash |
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 12/31/2019
| Type | Portfolio |
|---|
| U.S. Treasury | 3.7% |
| Agency | 2.8% |
| AAA | 36.3% |
| AA | 6.9% |
| A | 9.2% |
| BBB | 31.2% |
| <BBB | 8.7% |
| Not Rated | 1.1% |
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 12/31/2019
| Portfolio | Index |
|---|
| Portfolio | Index | |
|---|---|---|
| Number of Issues | 1785 | 1668 |
| Average Coupon | 3.58% | 3.35% |
| Average Life | 2.2 Years | 1.98 Years |
| Average Effective Duration | 1.82 Years | 1.84 Years |
| Average Yield to Worst | 2.77% | 2.1% |
Portfolio data is based on the Short Duration Credit Representative Portfolio.
Performance
Performance
Average Annual Returns as of 12/31/2019
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| Gross of Fees | 6.05% | 6.05% | 3.59% | 3.28% | 3.89% | 4.64% |
| Net of Fees | 5.84% | 5.84% | 3.38% | 3.05% | 3.66% | 4.40% |
| ICE BofAML 1-3 Year U.S. Corporate Index | 5.43% | 5.43% | 2.97% | 2.46% | 2.63% | 3.12% |
Inception Date: January 1, 2008
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 12/31/2019
| 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|
| Gross of Fees | 6.05% | 1.84% | 2.91% | 4.64% | 1.03% | 2.33% | 2.23% | 7.25% | 3.77% | 7.10% |
| Net of Fees | 5.84% | 1.64% | 2.70% | 4.39% | 0.79% | 2.08% | 1.99% | 7.00% | 3.53% | 6.84% |
| ICE BofAML 1-3 Year U.S. Corporate Index | 5.43% | 1.62% | 1.91% | 2.39% | 1.01% | 1.19% | 1.78% | 4.49% | 1.76% | 4.86% |