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Morningstar

Lord Abbett Inflation Focused R4 LIFKX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 11.50  /  +0.01 %
  • Total Assets 895.8 Mil
  • Adj. Expense Ratio
    0.780%
  • Expense Ratio 0.780%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Inflation-Protected Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.02%
  • Effective Duration 3.56 years

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

Morningstar’s Analysis LIFKX

Will LIFKX 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 LIFKX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LIFKX 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 LIFKX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A unique take on inflation protection contributes to a bumpy ride.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

A sizable and experienced group guides Lord Abbett Inflation Focused, but the team swapped out an important contributor in 2022, when manager Hyun Lee departed the firm. Lee oversaw the strategy’s Consumer Price Index swaps book, which is the portion of the portfolio that explicitly aims to provide inflation protection. Manager Leah Traub, the firm’s global rates and liquid products leader, absorbed Lee’s responsibilities. The strategy’s remaining veteran managers are still in place, adding some stability here, including manager Kewjin Yuoh, taxable fixed-income group co-heads Steve Rocco and Rob Lee, and investment-grade corporates leader Andy O’Brien.

by R.J. D'Ancona
Rated on Published on

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Portfolio Holdings LIFKX

More LIFKX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 10.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UBS AG 5.13%

1.94 18.3 Mil
Corporate

EXETER AUTOMOBILE RECEIVABLES TRUST 7.19%

1.63 15.4 Mil
Securitized

AIB Group PLC 4.26%

1.27 12.0 Mil
Corporate

Danske Bank A/S 3.24%

1.17 11.1 Mil
Corporate

ONEMAIN DIRECT AUTO RECEIVABLES TRUST 3.63%

1.14 10.7 Mil
Securitized

Avis Budget Rental Car Funding AESOP LLC 3.35%

0.89 8.4 Mil
Securitized

System Energy Resources, Inc. 6%

0.85 8.0 Mil
Corporate

AMMC CLO 23 LTD 6.62%

0.80 7.5 Mil
Securitized

BPCE SA 5.15%

0.79 7.4 Mil
Corporate

CARVANA AUTO RECEIVABLES TRUST 2022-P1 3.35%

0.78 7.4 Mil
Securitized