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Lord Abbett Income I LAUYX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
3.03  /  0.01 %
Total Assets
3.1 Bil
Adj. Expense Ratio
0.560%
Expense Ratio
0.560%
Fee Level
Average
Longest Manager Tenure
23.90 years
Category
Corporate Bond
Credit Quality / Interest Rate Sensitivity
Low / Moderate
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
3.37%
Effective Duration
6.94 years

USD | NAV as of Jul 26, 2021 | 1-Day Return as of Jul 26, 2021, 10:11 PM GMT+00:00

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Morningstar’s Analysis

Will LAUYX outperform in future?

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

Process Pillar

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The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LAUYX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

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The People Pillar is our evaluation of the LAUYX 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

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The Parent Pillar is our rating of LAUYX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong team dabbles heavily in high-yield corporates.

Analyst

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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