Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Lord Abbett Ultra Short Bond A LUBAX
- NAV / 1-Day Return 9.97 / +0.01 %
- Total Assets 9.8 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.430%
- Distribution Fee Level Average
- Share Class Type No Load
- Category Ultrashort Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 4.65%
- Effective Duration 0.54 years
USD | NAV as of Apr 25, 2024 | 1-Day Return as of Apr 25, 2024, 10:14 PM GMT+0
Morningstar’s Analysis LUBAX
Will LUBAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.3
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
HSBC Holdings PLC 3.8% | 1.33 | 128.7 Mil | Corporate |
Wells Fargo & Co. 2.41% | 1.29 | 124.1 Mil | Corporate |
OVINTIV INC 0% | 1.24 | 119.2 Mil | Cash and Equivalents |
NatWest Group PLC 4.27% | 1.23 | 118.4 Mil | Corporate |
Rogers Communications Inc. 0% | 1.10 | 106.1 Mil | Cash and Equivalents |
BNP Paribas SA 2.82% | 1.09 | 105.0 Mil | Corporate |
Bayer Corporation 0% | 1.04 | 100.4 Mil | Cash and Equivalents |
JPMorgan Chase & Co. 2.3% | 1.01 | 97.3 Mil | Corporate |
United States Treasury Notes 4.25% | 0.92 | 88.4 Mil | Government |
Apa Corp | 0.91 | 88.0 Mil | Cash and Equivalents |