Lord Abbett Floating Rate Fund Class C (LARCX)

Net Asset Value
1 Day
Overall Morningstar Rating
Bank loan
Style or Category
No Load
Sales Expenses
Expense Ratio
Below Average
Morningstar Risk Rating™
Investment Objective The investment seeks a high level of current income. Under normal conditions- the fund pursues its investment objective by investing at least 80% of its net assets- plus the amount of any borrowings for investment purposes- in floating or adjustable rate instruments and derivatives and other instruments that effectively enable the fund to achieve a floating rate of income. It may invest up to 20% of its net assets in other types of debt securities and short-term instruments.


1 month+0.38% 3 years+3.58%
3 months+0.72% 5 years+3.16%
1 year+3.74% Since inception+3.72%
Data through --

Peer Comparisonvs. Bank loan

Performance 5-yr return+3.16%+3.18%
Expense ratio1.44%1.08%
Risk 5 year sharpe ratio1.271.18
Net assets$12.6B$2.2B
Average market cap$7.9B$6.4B
Average P/E----
Portfolio turnover81%81%

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Fund Management and Purchase Info

Fund familyLord Abbett
Fund manager & tenureJeffrey Lapin / 5 Years
Minimal initial investment$1,500.00
Minimum IRA investment$1,500.00


Fixed income99.34%
U.S. stock0.32%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.