Separately Managed Accounts

*National with State Preference indicates Lord Abbett will allocate to bonds issued by the selected state on a best efforts basis. Allocations will be dependent upon state issuance. For Managed Ladder portfolios, Lord Abbett will target 35-50% in the following states: AZ, CO, CT, FL, GA, IL, MD, MA, MI, MO, NJ, NC, OH, PA, TX, and VA. For accounts other than Managed Ladders, Lord Abbett will target up to 30% in the selected state, although certain high issuance states may exceed 30%. For all New York and California portfolios, allocations may exceed 50%.

** State Specific accounts are available for the following states: CA, MA, NY, TX and UT with Reciprocity. Massachusetts State Specific is not available for Managed Ladder portfolios. FL, GA, MA, NJ, OH, PA, and TX State Specific accounts are available for Managed Ladders if Lord Abbett exercises the option to select from a full range of coupons. Cash flow from these portfolios may differ from that of other State Specific accounts. For questions regarding portfolio customization, please contact Lord Abbett at 1-888-522-2388 or smaclient@lordabbett.com.

***No individual issue is rated below A- at purchase

When comparing mutual funds to separately managed accounts, one should carefully consider the fees and expenses associated with each type of investment. All investments carry a certain degree of risk, including the possible loss of principal, and there are specific risks that apply to each investment strategy. 

Separately managed accounts may not be suitable for all investors. 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. It is important for investors to review their investment objectives, risk tolerance, tax liability, and liquidity needs before choosing an investment style or manager. Investors should consult with their financial advisors before making any investment decisions.