Fund Evaluator:

Lord Abbett Multi-Asset Income R2 Overview

Lord Abbett Multi-Asset Income R2 (LIGQX) is an actively managed Allocation Moderately Conservative Allocation fund. Lord Abbett launched the fund in 2007.

The investment seeks a high level of current income. The fund is a "fund of funds" that invests in affiliated investment companies (the "underlying funds") managed by Lord, Abbett & Co. LLC ("Lord Abbett"). Under normal conditions, through the underlying funds, it indirectly invests in fixed income securities, select U.S. equity securities, and foreign (including emerging market) securities. The fund uses a "blend" strategy to gain investment exposure to both growth and value stocks, or to stocks with characteristics of both.

About Lord Abbett Multi-Asset Income R2 (LIGQX)

There are 3 members of the management team with an average tenure of 8.24 years: Steven Rocco (2022), Giulio Martini (2015), Robert Lee (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Morningstar Mod Con Alloc Category AvG index with a weighting of 100%. Lord Abbett Multi-Asset Income R2 has 12 securities in its portfolio. The top 10 holdings constitute 95.9% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Lord Abbett Multi-Asset Income R2 is part of the Allocation global asset class and is within the Allocation fund group. Lord Abbett Multi-Asset Income R2 has 19.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 27.6%. There is 11.2% allocated to foreign stock, and 0.3% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 59.4% (50.9% domestic bond, 8.5% foreign bond and 0.4% convertible bond). Lord Abbett Multi-Asset Income R2 has 1.2% of the portfolio in cash.

Assets Under Management

The fund has $48 million in total assets, which is below the $561 million average for the Moderately Conservative Allocation category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

LIGQX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lord Abbett Multi-Asset Income R2 expense ratio is high compared to funds in the Moderately Conservative Allocation category. Lord Abbett Multi-Asset Income R2 has an expense ratio of 1.63%, which is 62% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Lord Abbett Multi-Asset Income R2 has a portfolio turnover rate of 27%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 43% for the Moderately Conservative Allocation category.

Recently, in the month of July 2026, Lord Abbett Multi-Asset Income R2 returned -1.2%, which earned it a grade of F, as the Moderately Conservative Allocation category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Lord Abbett Multi-Asset Income R2 has a trailing yield of 2.76%, which is below the 3.29% category average. The fund normally distributes its income monthly and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Lord Abbett Multi-Asset Income R2 Grades

Year to date, the fund has returned 3.0%, 1.7 percentage points worse than the category, which translates into a grade of F. The fund has returned 8.2% over the past year (grade of F), 9.1% over the past three years (grade of C) and 3.3% per year over the past five years (grade of F) and 5.5% per year over the past 10 years (grade of D).

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