Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

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 senior loans. It may invest up to 25% of its total assets in senior loans made to foreign-domiciled borrowers and foreign securities- including emerging market securities. The fund may invest up to 20% of its net assets in other types of debt instruments- including corporate debt securities- second lien loans- fixed-rate debt securities- and repurchase agreements.


1 month+0.83% 3 years+4.20%
3 months+1.41% 5 years+3.39%
1 year+3.45% Since inception+3.70%
Data through --

Peer Comparisonvs. Bank loan

Performance 5-yr return+3.39%+3.39%
Expense ratio1.43%1.09%
Risk 5 year sharpe ratio1.411.27
Net assets$11.9B$2.1B
Average market cap$6.8B--
Average P/E----
Portfolio turnover78%78%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

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 income98.53%
U.S. stock0.34%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
BKLN PowerShares Senior Loan Portfolio1.56%
-- 1.25%
-- 0.83%
-- 0.79%
-- 0.74%
-- 0.67%
-- 0.66%
-- 0.64%
-- 0.64%
-- 0.61%