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Morningstar

Lord Abbett Short Duration Income R2 LDLQX

Morningstar Analyst Rating
Analyst rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 3.87  /  0.23 %
  • Total Assets 49.7 Bil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.980%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Small
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 2.94%
  • Effective Duration 1.82 years

USD | NAV as of Feb 04, 2023 | 1-Day Return as of Feb 04, 2023, 1:11 AM GMT+00:00

Morningstar’s Analysis LDLQX

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

People Pillar

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

A veteran crew courts significant credit risk for a short-term bond strategy.

Senior Analyst

Summary

| by R.J. D'Ancona

Lord Abbett Short Duration Income has a veteran leadership core and robust credit research team, but its structurally aggressive short-term bond approach is coupled with standard risk management tools. Its cheaper share classes earn a Morningstar Analyst Rating of Neutral, while its expensive C share class is rated Negative.

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