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.
Lord Abbett Inflation Focused R5 LIFTX
- NAV / 1-Day Return 11.57 / +0.01 %
- Total Assets 820.7 Mil
-
Adj. Expense Ratio
- Expense Ratio 0.530%
- Distribution Fee Level High
- Share Class Type Retirement, Large
- Category Short-Term Inflation Protected Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment —
- Status Open
- TTM Yield 4.31%
- Effective Duration 3.19 years
USD | NAV as of Jul 23, 2024 | 1-Day Return as of Jul 23, 2024, 10:18 PM GMT+0
Morningstar’s Analysis LIFTX
Will LIFTX 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 9.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
EXETER AUTOMOBILE RECEIVABLES TRUST 7.19% | 1.82 | 15.3 Mil | Securitized |
Danske Bank A/S 3.24% | 1.32 | 11.2 Mil | Corporate |
ONEMAIN DIRECT AUTO RECEIVABLES TRUST 3.63% | 1.08 | 9.1 Mil | Securitized |
System Energy Resources, Inc. 6% | 0.95 | 8.0 Mil | Corporate |
BPCE SA 5.15% | 0.88 | 7.5 Mil | Cash and Equivalents |
Devon Energy Corporation 5.88% | 0.84 | 7.1 Mil | Corporate |
Viterra Finance B.V. 2% | 0.81 | 6.9 Mil | Corporate |
Macquarie Group Ltd. 1.2% | 0.80 | 6.7 Mil | Corporate |
Vici Properties Inc 3.5% | 0.77 | 6.5 Mil | Corporate |
Aircastle Limited 5.25% | 0.74 | 6.3 Mil | Corporate |