Lord Abbett Floating Rate Fund Class I (LFRIX)

9.16
Net Asset Value
0.00%
1 Day
-0.22%
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
No Load
Sales Expenses
0.59%
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.

Performance

1 month+0.12% 3 years+4.58%
3 months+0.88% 5 years+4.10%
1 year+4.82% Since inception+4.66%
Data through --

Peer Comparisonvs. Bank loan

 LFRIXCategory
Performance 5-yr return+4.10%+3.18%
Expense ratio0.59%1.06%
Risk 5 year sharpe ratio1.611.14
Net assets$13.6B$2.3B
Average market cap$7.3B--
Average P/E60.0--
Portfolio turnover81%81%

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Fund Management and Purchase Info

Fund familyLord Abbett
Fund manager & tenureJeffrey Lapin / 5 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income98.77%
Cash0.76%
U.S. stock0.27%
Other0.21%
International stock0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
-- 1.09%
BKLN Invesco Senior Loan ETF0.93%
-- 0.90%
-- 0.76%
-- 0.75%
-- 0.60%
-- 0.59%
-- 0.56%
-- 0.55%
-- 0.55%