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Top 3 Lord Abbett Mutual Funds for Stable Returns

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Founded in 1929, Lord Abbett managed assets worth more than $185 billion as of Sep 30, 2023. This privately held company has around 746 employees and 168 investment professionals with an average of 18 years of industry experience dedicated to addressing its clients’ needs. Lord Abbett deals in about 59 mutual funds, investing in domestic and global stocks, and fixed-income, tax-free income and multi-asset securities.

This renowned global asset manager aims to provide a wide variety of financial products and services to fulfill the needs of its investors. The company seeks successful investment performance on behalf of its clients over the long run. The three key factors that added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.

Below, we share with you three top-ranked Lord Abbett mutual funds, viz., Lord Abbett Inflation Focused Fund (LIFVX - Free Report) , Lord Abbett Global Equity Fund (LGCFX - Free Report) and Lord Abbett Short Duration High Yield Fund (LSYFX - Free Report) . Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Lord Abbett Inflation Focused Fund uses the Consumer Price Index to measure inflation and invests the majority of its assets in inflation-linked derivatives, inflation-indexed fixed-income securities, and fixed-income securities. LIFVX may choose to invest in Treasury futures or interest rate swaps.

Lord Abbett Inflation Focused Fund has three-year annualized returns of 4%. LIFVX has an expense ratio of 0.45% compared with the category average of 0.63%.

Lord Abbett Global Equity Fund invests in equity securities of both foreign and U.S. companies. LGCAX advisors maintain a diversified portfolio comprising equity securities issued by global companies across various market capitalizations.

Lord Abbett Global Equity Fund has three-year annualized returns of 6.6%. By the end of July 2023, LGCAX had 4.4% of its assets invested in Alphabet Inc.

Lord Abbett Short Duration High Yield Fund invests its assets in debt securities such as high-yield bonds. LSYFX advisors also invest in foreign securities issued by non-U.S. entities and denominated in non-U.S. currencies.

Lord Abbett Short Duration High Yield Fund has a three-year annualized return of 3.3%. Karen J. Gunnerson has been one of the fund managers of LSYFX since 2021.

To view the Zacks Rank and the past performance of all Lord Abbett mutual funds, investors can click here to see the complete list of Lord Abbett mutual funds.

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