Lord Abbett Income’s strong management team and experienced credit research crew provide the foundation for its corporate credit-heavy strategy with multisector tints, but its bold profile can be a liability when credit markets become jittery.
Lord Abbett Income R2 LAUQX
- NAV / 1-Day Return 2.39 / −0.42 %
- Total Assets 4.3 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.130%
- Distribution Fee Level Average
- Share Class Type Retirement, Small
- Category Corporate Bond
- Credit Quality / Interest Rate Sensitivity Medium/Moderate
- Min. Initial Investment —
- Status Open
- TTM Yield 4.69%
- Effective Duration 6.61 years
USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 10:18 PM GMT+0
Morningstar’s Analysis LAUQX
Will LAUQX 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 10.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
United States Treasury Bonds 4.38% | 3.02 | 130.8 Mil | Government |
B.A.T. Capital Corporation 7.75% | 1.03 | 44.7 Mil | Corporate |
Sprint Capital Corporation 6.88% | 0.97 | 42.0 Mil | Corporate |
Continental Resources, Inc. 5.75% | 0.92 | 39.7 Mil | Corporate |
United States Treasury Notes 0.25% | 0.83 | 36.0 Mil | Government |
Centene Corporation 3.38% | 0.80 | 34.4 Mil | Corporate |
Charter Communications Operating Llc | 0.79 | 34.2 Mil | Corporate |
AES Corp. 0% | 0.77 | 33.3 Mil | Cash and Equivalents |
JPMorgan Chase & Co. 4.91% | 0.74 | 32.0 Mil | Corporate |
Ford Motor Credit Company LLC 3.38% | 0.70 | 30.2 Mil | Corporate |