Key Facts as of 07/31/2019
- This strategy is available as a:
- Separate Account
- ERISA CIT
- Commingled Trust
- Mutual Fund
- Series Fund
Portfolio Breakdownas of 07/31/2019
|Investment Grade Corporate|
|High Yield Corporate|
|U.S. Government Related|
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 07/31/2019
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 07/31/2019
|Number of Issues||1774||1683|
|Average Life||2.39 Years||2.01 Years|
|Average Effective Duration||1.80 Years||1.87 Years|
|Average Yield to Worst||3.00%||2.52%|
Portfolio data is based on the Short Duration Credit Representative Portfolio.
Average Annual Returns as of 06/30/2019
|Gross of Fees||4.17%||5.53%||3.42%||2.90%||4.40%||4.68%|
|Net of Fees||4.07%||5.32%||3.21%||2.68%||4.16%||4.44%|
|ICE BofAML 1-3 Year U.S. Corporate Index||3.47%||5.06%||2.37%||2.08%||3.00%||3.09%|
Inception Date: January 1, 2008
Returns for periods of less than one year are not annualized.
Calendar Year Returnsas of 06/30/2019
|Gross of Fees||1.84%||2.91%||4.64%||1.03%||2.33%||2.23%||7.25%||3.77%||7.10%||17.86%|
|Net of Fees||1.64%||2.70%||4.39%||0.79%||2.08%||1.99%||7.00%||3.53%||6.84%||17.58%|
|ICE BofAML 1-3 Year U.S. Corporate Index||1.62%||1.91%||2.39%||1.01%||1.19%||1.78%||4.49%||1.76%||4.86%||14.69%|