Lord Abbett Income boasts a sizable and experienced management team that employs an aggressive approach that is liable to get stung during credit market sell-offs. The strategy earns a Morningstar Analyst Rating of Neutral across its cheaper share class offerings, and a Negative rating on its priciest option.
Lord Abbett Income R2 LAUQX
NAV / 1-Day Return
3.05
/
0.01
%
Total Assets
3.1 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
1.160%
Expense Ratio
1.160%
Fee Level
Below Average
Longest Manager Tenure
23.90
years
Category
Corporate Bond
Credit Quality / Interest Rate Sensitivity
Low / ModerateMin. Initial Investment
0
Status
Open
TTM Yield
2.78%
Effective Duration
6.94
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will LAUQX 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 LAUQX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LAUQX 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 LAUQX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A strong team dabbles heavily in high-yield corporates.
