Lord Abbett Multi-Asset Income leans on an unstructured tactical allocation component and has a relatively small team; we are maintaining the Below Average ratings for both Process and People. All share classes of the fund have a Morningstar Analyst Rating of Negative; some Neutral-rated shares were downgraded owing to changes in the competitive landscape.
Lord Abbett Multi-Asset Income F LIGFX
NAV / 1-Day Return
16.58
/
0.42
%
Total Assets
1.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.940%
Expense Ratio
0.940%
Fee Level
High
Longest Manager Tenure
6.22
years
Category
Allocation--30% to 50% Equity
Investment Style
Large BlendCredit Quality / Interest Rate Sensitivity
Low / LimitedStatus
Open
TTM Yield
5.29%
Turnover
75%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will LIGFX 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 LIGFX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LIGFX 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 LIGFX’s parent organization’s priorities and whether they’re in line with investors’ interests.
We're not convinced that this fund's process and people are up to the challenge.
