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Morningstar

Lord Abbett Inflation Focused C LIFCX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 11.44  /  0.29 %
  • Total Assets 1.2 Bil
  • Adj. Expense Ratio
    1.400%
  • Expense Ratio 1.400%
  • Distribution Fee Level Below Average
  • Share Class Type Level Load
  • Category Inflation-Protected Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,500
  • Status Open
  • TTM Yield 3.52%
  • Effective Duration 3.28 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:25 PM GMT+0

Morningstar’s Analysis LIFCX

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

People Pillar

The People Pillar is our evaluation of the LIFCX 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 LIFCX’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 LIFCX

More LIFCX Holdings
  • Current Portfolio Date
  • Equity Holdings 97
  • Bond Holdings 517
  • Other Holdings 15
  • % Assets in Top 10 Holdings 9.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 1.38%

1.43
19,557,542
Government

UBS AG 5.13%

1.33
18,138,813
Corporate

Danske Bank A/S 5.38%

1.20
16,413,400
Corporate

EXETER AUTOMOBILE RECEIVABLES TRUST 7.19%

1.12
15,331,992
Securitized

Charter Communications Operating Llc

1.11
15,193,891
Corporate

Capital One Multi Asset Execution Trust 3.49%

1.00
13,585,607
Securitized

AIB Group PLC 4.26%

0.87
11,831,019
Corporate

Danske Bank A/S 3.24%

0.80
10,853,585
Corporate

ONEMAIN DIRECT AUTO RECEIVABLES TRUST 3.63%

0.78
10,582,670
Securitized

KKR CLO 30 Ltd. 6.59%

0.73
9,949,912
Securitized