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Morningstar

Lord Abbett Income R2 LAUQX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 2.49  /  0.41 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    1.130%
  • 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 0
  • Status Open
  • TTM Yield 3.80%
  • Effective Duration 6.78 years

USD | NAV as of Feb 01, 2023 | 1-Day Return as of Feb 01, 2023, 1:32 AM GMT+00:00

Morningstar’s Analysis LAUQX

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 corporate bond offering with an aggressive tilt.

Senior Analyst

Summary

| by R.J. D'Ancona

Lord Abbett Income’s seasoned and stable management team oversees an aggressive approach that has struggled during credit market sell-offs. The strategy earns a Morningstar Analyst Rating of Neutral across its cheaper share class offerings and Negative on its priciest option.

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