The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LHYCX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LHYCX 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 LHYCX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Seasoned hands, but sharper risks.
Paul Olmsted
Principal
Summary
Lord Abbett High Yield’s deep, seasoned team embraces a riskier approach, although it has fallen short of expectations in recent years.