Lord Abbett Floating Rate Fund Class I (LFRIX)

9.43
Net Asset Value
+0.11%
1 Day
-0.84%
Year-to-Date
Overall Morningstar Rating
Bank loan
Style or Category
No Load
Sales Expenses
0.60%
Expense Ratio
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 securities and short-term instruments. In addition, it may invest up to 10% of its net assets in derivatives.

Performance

1 month+0.15% 3 years+7.97%
3 months+0.78% 5 years+6.67%
1 year+4.44% Since inception+5.04%
Data through --

Peer Comparisonvs. Bank loan

 LFRIXCategory
Performance 5-yr return+6.67%+7.77%
Expense ratio0.60%1.14%
Risk 5 year sharpe ratio1.821.76
Net assets$8.4B$2.8B
Average market cap----
Average P/E----
Portfolio turnover88%88%

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Fund Management and Purchase Info

Fund familyLord Abbett
Fund manager & tenureChristopher Towle / 3 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

Fixed income95.61%
Cash4.33%
U.S. stock0.06%
International stock0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Business service --
Consumer goods --
Consumer service --
Energy --
Financial service --
Top 10 Holdings
Portfolio weighting
Holdings not available.

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