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Lord Abbett Inflation Focused R2 LIFQX

Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 11.53  /  +0.09 %
  • Total Assets 844.4 Mil
  • Adj. Expense Ratio
    1.130%
  • Expense Ratio 1.130%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Small
  • Category Short-Term Inflation Protected Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment
  • Status Open
  • TTM Yield 3.69%
  • Effective Duration 3.55 years

USD | NAV as of Jun 20, 2024 | 1-Day Return as of Jun 20, 2024, 10:15 PM GMT+0

Morningstar’s Analysis LIFQX

Will LIFQX outperform in future?

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

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.

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Portfolio Holdings LIFQX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 9.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

UBS AG 5.13%

1.74 15.4 Mil
Corporate

EXETER AUTOMOBILE RECEIVABLES TRUST 7.19%

1.73 15.3 Mil
Securitized

Danske Bank A/S 3.24%

1.26 11.1 Mil
Corporate

ONEMAIN DIRECT AUTO RECEIVABLES TRUST 3.63%

1.13 10.0 Mil
Securitized

System Energy Resources, Inc. 6%

0.90 7.9 Mil
Corporate

AMMC CLO 23 LTD 6.62%

0.84 7.5 Mil
Securitized

BPCE SA 5.15%

0.84 7.4 Mil
Cash and Equivalents

Devon Energy Corporation 5.88%

0.80 7.1 Mil
Corporate

Viterra Finance B.V. 2%

0.77 6.8 Mil
Corporate

Macquarie Group Ltd. 1.2%

0.76 6.7 Mil
Corporate