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Morningstar

Lord Abbett Core Plus Bond C LAPCX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 12.51  /  −0.23 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    1.300%
  • Expense Ratio 1.300%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 4.58%
  • Effective Duration 5.60 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:16 PM GMT+0

Morningstar’s Analysis LAPCX

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

  • People Pillar

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

Lord Abbett Core Plus Bond C's Average People Pillar and Process Pillar ratings are n't enough to prevent other weaknesses from sending this strategy to a Morningstar Medalist Rating of Negative.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the highest quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings LAPCX

More LAPCX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 12.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds 4.38%

3.65 69.3 Mil
Government

Barclays Capital

2.95 56.0 Mil
Cash and Equivalents

United States Treasury Notes 4.63%

2.19 41.5 Mil
Government

United States Treasury Notes 3.75%

1.30 24.7 Mil
Government

United States Treasury Bonds 3.88%

1.05 20.0 Mil
Government

United States Treasury Notes 4%

0.93 17.7 Mil
Government

Morgan Stanley 4.43%

0.65 12.3 Mil
Corporate

Fnma Pass-Thru I 3.5%

0.62 11.7 Mil
Securitized

United States Treasury Bills 0%

0.61 11.7 Mil
Government

Continental Resources, Inc. 5.75%

0.61 11.5 Mil
Corporate