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Morningstar

Lord Abbett Inflation Focused A LIFAX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 11.34  /  0.14 %
  • Total Assets 1.4 Bil
  • Adj. Expense Ratio
    0.670%
  • Expense Ratio 0.670%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Inflation-Protected Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 3.81%
  • Effective Duration 3.51 years

USD | NAV as of Sep 29, 2023 | 1-Day Return as of Sep 29, 2023, 10:17 PM GMT+0

Morningstar’s Analysis LIFAX

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

People Pillar

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

A unique take on inflation protection contributes to a bumpy ride.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

A sizable and experienced group guides Lord Abbett Inflation Focused, but the team swapped out an important contributor in 2022, when manager Hyun Lee departed the firm. Lee oversaw the strategy’s Consumer Price Index swaps book, which is the portion of the portfolio that explicitly aims to provide inflation protection. Manager Leah Traub, the firm’s global rates and liquid products leader, absorbed Lee’s responsibilities. The strategy’s remaining veteran managers are still in place, adding some stability here, including manager Kewjin Yuoh, taxable fixed-income group co-heads Steve Rocco and Rob Lee, and investment-grade corporates leader Andy O’Brien.

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

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Portfolio Holdings LIFAX

More LIFAX Holdings
  • Current Portfolio Date
  • Equity Holdings 107
  • Bond Holdings 535
  • Other Holdings 21
  • % Assets in Top 10 Holdings 8.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Barclays Capital

1.52
22,999,474
Cash and Equivalents

UBS AG 5.13%

1.20
18,124,022
Corporate

Danske Bank A/S 5.38%

1.09
16,393,934
Corporate

EXETER AUTOMOBILE RECEIVABLES TRUST 7.19%

1.02
15,353,890
Securitized

Charter Communications Operating Llc

1.01
15,207,279
Corporate

AMMC CLO 23 LTD 6.61%

0.98
14,843,708
Securitized

GS MORTGAGE SECURITIES CORP TRUST 6.48%

0.98
14,776,149
Securitized

Capital One Multi Asset Execution Trust 3.49%

0.90
13,612,766
Securitized

HONO 2021-LULU MORTGAGE TRUST 6.49%

0.89
13,438,526
Securitized

AIB Group PLC 4.26%

0.78
11,785,111
Corporate