Ultra Short
Summary
Summary
KEY FACTS as of 06/30/2020
Vehicles
- This strategy is available as a:
- Separate Account
- Mutual Fund
PORTFOLIO MANAGERS
Portfolio
Portfolio
Portfolio Breakdownas of 06/30/2020
| Type | Portfolio |
|---|
| Type | Portfolio |
|---|---|
| Corp Floating | |
| Commercial Paper | |
| ABS | |
| Corp Fixed Rate | |
| U.S. Government Related | |
| 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 06/30/2020
| Type | Portfolio |
|---|
| A-2/P-2 | 18.3% |
| A-3/P-3 | 7.6% |
| U.S. Treasury | 3.7% |
| AAA | 17.4% |
| AA | 6.2% |
| A | 32.6% |
| BBB | 13.3% |
| <BBB | 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 median, but if there are only two ratings, the lower rating is used. 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
| Portfolio | Index |
|---|
| Portfolio | Index | |
|---|---|---|
| Average Coupon | 1.47% | 0% |
| Average Life | 0.92 Years | 0.28 Years |
| Average Effective Duration | 0.31 Years | 0.28 Years |
| Average Yield to Worst | 0.85% | 0.15% |
Portfolio data is based on the Ultra Short Representative Portfolio.
Performance
Performance
Average Annual Returns as of 07/31/2020
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| Gross of Fees | 1.18% | 2.37% | 2.51% | - | - | 2.34% |
| Net of Fees | 1.10% | 2.23% | 2.36% | - | - | 2.20% |
| ICE BofA U.S. Treasury Bill Index | 0.69% | 1.56% | 1.78% | - | - | 1.54% |
Inception Date: November 1, 2016
Returns for periods of less than one year are not annualized.