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Morningstar

Lord Abbett Bond-Debenture P LBNPX

Morningstar Analyst Rating
Analyst rating as of
  • NAV / 1-Day Return 7.37  /  0.42 %
  • Total Assets 22.0 Bil
  • Adj. Expense Ratio
    1.010%
  • Expense Ratio 1.010%
  • Distribution Fee Level Low
  • Share Class Type Level Load
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 0
  • Status Limited
  • TTM Yield 4.41%
  • Effective Duration 4.39 years

USD | NAV as of Feb 02, 2023 | 1-Day Return as of Feb 02, 2023, 1:38 AM GMT+00:00

Morningstar’s Analysis LBNPX

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

People Pillar

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

A corporate-credit heavy multi-sector approach.

Senior Analyst

Summary

| by R.J. D'Ancona

Lord Abbett Bond Debenture boasts a veteran leadership squad and strong corporate credit research team, but its preference for high-yield debt and equities contributes to considerable volatility. The strategy earns a Morningstar Analyst Rating of Neutral across all share classes.

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