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 10.03 / +0.01 %
- Total Assets 10.9 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 4.99%
- Effective Duration 0.54 years
USD | NAV as of Oct 02, 2024 | 1-Day Return as of Oct 02, 2024, 10:25 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 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 |