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Lord Abbett Short Duration Income R2 LDLQX

Morningstar Analyst Rating
Analyst rating as of
NAV / 1-Day Return
4.21  /  0.02 %
Total Assets
60.1 Bil
Adj. Expense Ratio
0.990%
Expense Ratio
0.990%
Fee Level
Low
Longest Manager Tenure
22.45 years
Category
Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
2.19%
Effective Duration
1.85 years

USD | NAV as of Jun 11, 2021 | 1-Day Return as of Jun 11, 2021, 10:06 PM GMT+00:00

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Morningstar’s Analysis

Will LDLQX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

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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

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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

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

A seasoned management team executes this risky short-term bond approach.

Analyst

Summary

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Lord Abbett Short Duration Income boasts a seasoned management lineup and robust credit research team, though it takes more risk than peers and its investment process has few guardrails and standard risk management resources. Its cheaper share classes earn a Morningstar Analyst Rating of Neutral, while its priciest share class is rated Negative.

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