Morningstar

Lord Abbett Ultra Short Bond I LUBYX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 10.03  /  −0.10 %
  • Total Assets 10.9 Bil
  • Adj. Expense Ratio
    0.280%
  • Expense Ratio 0.280%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 5.11%
  • Effective Duration 0.54 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis LUBYX

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

  • People Pillar

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

Strength in Lord Abbett Ultra Short Bond I's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LUBYX

More LUBYX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

HSBC Holdings PLC 3%

1.42 149.2 Mil
Corporate

Wells Fargo & Co. 2.41%

1.20 125.9 Mil
Corporate

FMC Corp. 0%

1.12 117.9 Mil
Cash and Equivalents

BNP Paribas SA 2.82%

1.01 106.3 Mil
Corporate

United States Treasury Notes 0.38%

0.99 103.9 Mil
Government

JPMorgan Chase & Co. 2.3%

0.94 98.7 Mil
Corporate

Citigroup Inc. 2.01%

0.85 89.6 Mil
Corporate

Rogers Communications Inc. 0%

0.85 89.1 Mil
Cash and Equivalents

APA CORPORATION 0%

0.84 88.0 Mil
Cash and Equivalents

Macquarie Group Ltd. 6.21%

0.82 86.5 Mil
Corporate

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