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Morningstar

Lord Abbett Convertible R2 LBCQX

Morningstar Analyst Rating
Quantitative rating as of
  • NAV / 1-Day Return 12.73  /  1.09 %
  • Total Assets 815.6 Mil
  • Adj. Expense Ratio
    1.420%
  • Expense Ratio 1.430%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Small
  • Category Convertibles
  • Investment Style Large Growth
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.02%
  • Turnover 154%

USD | NAV as of Jan 30, 2023 | 1-Day Return as of Jan 30, 2023, 11:12 PM GMT+00:00

Morningstar’s Analysis LBCQX

Will LBCQX 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 LBCQX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the LBCQX 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 LBCQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Summary

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Lord Abbett Convertible R2's Average People and Parent ratings limit this strategy to a Morningstar Quantitative Rating of Neutral. Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

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