Ultra Short
Summary
Summary
KEY FACTS as of 09/30/2019
Vehicles
- This strategy is available as a:
- Separate Account
- Mutual Fund
PORTFOLIO MANAGERS
Portfolio
Portfolio
Portfolio Breakdownas of 09/30/2019
| 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 09/30/2019
| Type | Portfolio |
|---|
| A-1/P-1 | 0.1% |
| A-2/P-2 | 16.1% |
| A-3/P-3 | 11.4% |
| U.S. Treasury | 0.5% |
| AAA | 20.0% |
| AA | 8.2% |
| A | 33.8% |
| BBB | 9.9% |
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 09/30/2019
| Portfolio | Index |
|---|
| Portfolio | Index | |
|---|---|---|
| Average Coupon | 2.06% | 0.00% |
| Average Life | 0.89 Years | 0.29 Years |
| Average Effective Duration | 0.22 Years | 0.29 Years |
| Average Yield to Worst | 2.11% | 1.80% |
Portfolio data is based on the Ultra Short Representative Portfolio.
Performance
Performance
Average Annual Returns as of 10/31/2019
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| Gross of Fees | 2.84% | 3.23% | 2.40% | - | - | 2.40% |
| Net of Fees | 2.72% | 3.09% | 2.25% | - | - | 2.25% |
| ICE BofAML U.S. Treasury Bill Index | 2.08% | 2.48% | 1.60% | - | - | 1.60% |
Inception Date: November 1, 2016
Returns for periods of less than one year are not annualized.