Separately Managed Accounts
Data as of September 30, 2020.The information provided is not directed at any investor or category of investors and is provided solely as general information about Lord Abbett’s products and services and to otherwise provide general investment education. None of the information provided should be regarded as a suggestion to engage in or refrain from any investment-related course of action as neither Lord Abbett nor its affiliates are undertaking to provide impartial investment advice, act as an impartial adviser, or give advice in a fiduciary capacity. If you are an individual retirement investor, contact your financial advisor or other fiduciary about whether any given investment idea, strategy, product or service may be appropriate for your circumstances. For illustrative purposes only.
*Percentile PSN Enterprise ranking is developed by InformaInvestment Solutions. PSN MA Municipal Fixed income Includes US fixed income products that choose municipals as their primary style objective and Managed Accounts as product type. Ranking is based on a gross of fee basis. There are 73 managers with 3 year returns, 65 for 5 years, 56 for 7 years, 38 for 10 years. Past performance is no guarantee of future results.
** State Specific managed accounts target an allocation of 100% to in-state bonds, and are available for the following states: CA, MA , NY, OH, PA, TX and UT Reciprocity. MA, OH & PA only available at 100% in Intermediate. State Focus managed accounts can target an allocation of 35-50% to in-state bonds, and are available in the following states: AZ, CO, CT , FL, GA, MA, MD, MI, NC, NJ, OH, PA, TX, UT Reciprocity, VA and WA. State Preference indicates Lord Abbett will allocate to bonds issued by the selected state on a best efforts basis up to 30%, dependent upon state issuance. CA and NY State Preference accounts we can target a 70%-80% allocation to in state bonds.
Ladder State Specific managed accounts target an allocation of 100% to in-state bonds, and are available for the following states: CA, FL, GA, MA, NJ, NY, OH, PA, TX and UT Reciprocity. Ladder State Focus managed accounts can target an allocation of 35-50% to in-state bonds, and are available in the following states: AZ, CA, CO, CT, FL, GA, IL, MA, MD, MI, MO, NJ, NC, OH, PA, TX, UT Reciprocity and VA. Ladder State Preference indicates Lord Abbett will allocate to bonds issued by the selected state on a best efforts basis up to 30%, dependent upon state issuance. NY State Preference accounts we can target a 70%-80% allocation to in state bonds. CA State Preference accounts we can target a minimum of 50% allocation to in state bonds. Lord Abbett can exercise the option to select from a full range of coupons for all state customized portfolios.
Separately managed accounts may not be suitable for all investors. There is no guarantee that these investment strategies will work under all market conditions or are suitable for all investors and each investor should evaluate their ability to invest long-term, especially during periods of downturn in the market. No representation is being made that any account, product, or strategy will or is likely to achieve profits. This information should not be relied upon as investment advice or a recommendation for any particular investment product or strategy and is provided for informational purposes only.
A Note about Risk: As interest rates rise, the prices of debt securities tend to fall; as rates fall, prices tend to rise. The value of a portfolio will change as interest rates fluctuate. Municipal securities may include insured municipal securities that are covered by insurance policies that guarantee the timely payment of principal and interest. Insurance does not pertain to yield or market values, which will fluctuate over the life of bonds. Income from municipal bonds may be subject to the alternative minimum tax. Federal, state, and local taxes may apply. Although these are the main risks of investing in bonds, there may be other risks associated with investing in bonds, such as credit, inflation, call, high-yield, and market risks. An investor should consult with his or her investment professional before making an investment decision.