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.
Lord Abbett Bond-Debenture R3 LBNRX
NAV / 1-Day Return
7.34
/
0.31
%
Total Assets
23.2 Bil
Adj. Expense Ratio
1.060%
Expense Ratio
1.060%
Fee Level
Below Average
Longest Manager Tenure
8.62
years
Category
Multisector Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
0
Status
Open
TTM Yield
3.84%
Effective Duration
4.20
years
Morningstar’s Fund Analysis LBNRX
Will LBNRX 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 LBNRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LBNRX 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 LBNRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A corporate-credit heavy multi-sector approach.
