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Morningstar

Lord Abbett Investment Grade Fltng Rt F3 IGRNX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.21  /  +0.06 %
  • Total Assets 13.3 Mil
  • Adj. Expense Ratio
    0.280%
  • Expense Ratio 0.280%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment —
  • Status Open
  • TTM Yield —
  • Effective Duration —

USD | NAV as of May 17, 2024 | 1-Day Return as of May 17, 2024, 10:12 PM GMT+0

Morningstar’s Analysis IGRNX

Will IGRNX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable IGRNX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the IGRNX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of IGRNX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Lord Abbett Investment Grade Fltng Rt F3's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings IGRNX

More IGRNX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Toronto Dominion Bank The

3.12 400,000
Cash and Equivalents

CAL RECEIVABLES 2022-1 LLC 9.67%

2.63 336,782
Securitized

AFFIRM ASSET SECURITIZATION TRUST 2022-A 4.3%

2.60 332,896
Securitized

BAYVIEW OPPORTUNITY MASTER FUND VII 2024-CAR1 LLC 7.37%

2.35 300,737
Securitized

Freddie Mac Stacr Remic Trust 7.17%

2.33 298,286
Securitized

Rad Clo 20 Ltd. / Rad Clo 20 LLC 10.32%

1.98 253,341
Securitized

Ballyrock Clo 25 Ltd

1.98 253,074
Securitized

BAIN CAPITAL CREDIT CLO 2022-5 LLC 9.57%

1.97 253,052
Securitized

Post Clo 2023-1 Ltd / Post Clo 2023- FRN 7.82%

1.97 252,663
Securitized

OCP CLO 2024-31 LTD 9.28%

1.97 252,043
Securitized