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Morningstar

Lord Abbett Bond-Debenture R3 LBNRX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 6.77  /  0.57 %
  • Total Assets 20.7 Bil
  • Adj. Expense Ratio
    1.080%
  • Expense Ratio 1.080%
  • Distribution Fee Level Below Average
  • Share Class Type Retirement, Medium
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 4.60%
  • Effective Duration 4.11 years

USD | NAV as of Sep 21, 2023 | 1-Day Return as of Sep 21, 2023, 10:29 PM GMT+0

Morningstar’s 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 high-octane multisector approach.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

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.

by R.J. D'Ancona
Rated on Published on

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Portfolio Holdings LBNRX

More LBNRX Holdings
  • Current Portfolio Date
  • Equity Holdings 72
  • Bond Holdings 719
  • Other Holdings 14
  • % Assets in Top 10 Holdings 4.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

AAdvantage Loyalty IP Ltd/ American Airlines Inc 5.75%

0.56
118,527,884
Corporate

Sprint Capital Corporation 6.88%

0.51
109,100,597
Corporate

Antero Resources Corporation 5.38%

0.43
91,336,312
Corporate

Crowdstrike Holdings Inc 3%

0.43
90,829,294
Corporate

DISH Network Corporation 11.75%

0.42
88,995,255
Corporate

SM Energy Co. 6.63%

0.41
86,420,995
Corporate

TransDigm, Inc. 5.5%

0.40
84,755,535
Corporate

Turkey (Republic of) 5.13%

0.40
84,497,826
Government

SHOW TRUST 2022-BIZ 8.21%

0.39
82,092,466
Securitized

Continental Resources, Inc. 4.38%

0.37
78,894,180
Corporate