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Lord Abbett Income R3 LAURX

Analyst rating as of
NAV / 1-Day Return
2.98  /  0.02 %
Total Assets
2.9 Bil
Adj. Expense Ratio
1.060%
Expense Ratio
1.060%
Fee Level
Above Average
Longest Manager Tenure
23.68 years
Category
Corporate Bond
Credit Quality / Interest Rate Sensitivity
Low / Moderate
Min. Initial Investment
0
Status
Open
TTM Yield
3.03%
Effective Duration
7.22 years
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Morningstar’s Analysis

Will LAURX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A strong team dabbles heavily in high-yield corporates.

Summary

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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.

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