Lord Abbett Floating Rate Fund Class I (LFRIX)

9.21
Net Asset Value
0.00%
1 Day
+0.33%
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
No Load
Sales Expenses
0.60%
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.

Performance

1 month+0.24% 3 years+4.68%
3 months+1.55% 5 years+4.20%
1 year+4.20% Since inception+4.72%
Data through --

Peer Comparisonvs. Bank loan

 LFRIXCategory
Performance 5-yr return+4.20%+3.39%
Expense ratio0.60%1.09%
Risk 5 year sharpe ratio1.781.26
Net assets$12.2B$2.2B
Average market cap$6.7B--
Average P/E----
Portfolio turnover81%81%

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$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income98.71%
Other0.61%
U.S. stock0.51%
Cash0.18%
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 Portfolio1.70%
-- 1.25%
-- 1.00%
-- 0.83%
-- 0.79%
-- 0.74%
-- 0.67%
-- 0.66%
-- 0.64%
-- 0.63%