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Morningstar

Lord Abbett Short Duration Income I LLDYX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 3.83  /  0.27 %
  • Total Assets 43.3 Bil
  • Adj. Expense Ratio
    0.380%
  • Expense Ratio 0.380%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 4.68%
  • Effective Duration 1.86 years

USD | NAV as of Dec 05, 2023 | 1-Day Return as of Dec 05, 2023, 11:16 PM GMT+0

Morningstar’s Analysis LLDYX

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

People Pillar

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

This aggressive short-term bond fund has recently cut back on credit risk.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

Lord Abbett Short Duration Income has a seasoned leadership crew and sizable credit research team, but its structurally aggressive approach can sting unsuspecting investors seeking a safe short-term bond allocation. Its cheaper share classes earn a Morningstar Analyst Rating of Neutral, while the remaining share class’ higher price tag warrants a Negative rating.

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

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Portfolio Holdings LLDYX

More LLDYX Holdings
  • Current Portfolio Date
  • Equity Holdings 6
  • Bond Holdings 1065
  • Other Holdings 27
  • % Assets in Top 10 Holdings 6.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4.13%

1.24
531,645,817
Government

United States Treasury Notes 5%

0.86
365,247,581
Government

United States Treasury Notes 0.25%

0.75
319,088,221
Government

United States Treasury Notes 4.63%

0.72
307,671,928
Government

Comcast Hulu Holdings Llc

0.61
259,165,553
Corporate

Charter Communications Operating Llc

0.60
256,468,578
Corporate

Invitation Homes Operating Partnership Lp

0.59
250,183,087
Corporate

Citigroup Inc. 3.11%

0.58
249,156,672
Corporate

Intesa Sanpaolo S.p.A. 5.02%

0.49
210,912,089
Corporate

General Motors Financial Company Inc 5.1%

0.46
196,201,786
Cash and Equivalents