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Morningstar

Lord Abbett Multi-Asset Balanced Opp A LABFX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 10.43  /  0.68 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.490%
  • Expense Ratio 1.170%
  • Distribution Fee Level Above Average
  • Share Class Type Front Load
  • Category Allocation—50% to 70% Equity
  • Investment Style Large Blend
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Status Open
  • TTM Yield 1.82%
  • Turnover 47%

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 1:38 AM GMT+00:00

Morningstar’s Analysis LABFX

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

People Pillar

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

Summary

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Lord Abbett Multi-Asset Balanced Opp A's Average Process Pillar and People Pillar ratings hold this strategy's Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.

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