Lord Abbett Ultra Short Bond Fund - Class A (LUBAX)
Lord Abbett Ultra Short Bond Fund - Class A operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Jersey City, NJ, US. The stock last traded at $10.01, up 0.00% on the session, giving a market capitalisation of $16.57B. On trailing twelve-month figures it carries a trailing P/E of 10.11, a net margin of 93.6%. Its beta of 0.05 implies it has historically moved less than the broad market.
As a standard practice, the fund commits a minimum of 80% of its net assets – including any capital raised through borrowing for investment purposes – to a diversified array of high-quality debt instruments. Its portfolio is exclusively comprised of fixed-income securities that carry an investment-grade rating at the time of acquisition, or those that Lord Abbett independently assesses as possessing equivalent creditworthiness.
Lord Abbett Ultra Short Bond Fund - Class A is most often compared with the following Financial Services names: