Lord Abbett Income’s team is sizable and experienced, but its aggressive approach has struggled during credit market selloffs. The strategy earns a Morningstar Analyst Rating of Neutral across its cheaper share class offerings and a Negative on its priciest option.
Lord Abbett Income A LAGVX
- NAV / 1-Day Return 2.44 / +0.42 %
- Total Assets 4.4 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.750%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Corporate Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 5.09%
- Effective Duration 6.73 years
USD | NAV as of Mar 27, 2024 | 1-Day Return as of Mar 27, 2024, 10:19 PM GMT+0
Morningstar’s Analysis LAGVX
Will LAGVX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- 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
|
---|---|---|---|
United States Treasury Bonds 4.38% | 2.41 | 101.2 Mil | Government |
B.A.T. Capital Corporation 7.75% | 1.08 | 45.4 Mil | Corporate |
Sprint Capital Corporation 6.88% | 1.02 | 42.6 Mil | Corporate |
Continental Resources, Inc. 5.75% | 0.96 | 40.3 Mil | Corporate |
United States Treasury Notes 0.25% | 0.85 | 35.8 Mil | Government |
Centene Corporation 3.38% | 0.83 | 35.0 Mil | Corporate |
Charter Communications Operating Llc | 0.80 | 33.4 Mil | Corporate |
JPMorgan Chase & Co. 4.91% | 0.78 | 32.5 Mil | Corporate |
Bank of America Corp. 2.69% | 0.73 | 30.8 Mil | Corporate |
Ford Motor Credit Company LLC 3.38% | 0.72 | 30.2 Mil | Corporate |