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Morningstar

Lord Abbett Floating Rate R3 LRRRX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 8.17  /  +0.02 %
  • Total Assets 5.0 Bil
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.100%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 8.11%
  • Effective Duration 0.35 years

USD | NAV as of Apr 18, 2024 | 1-Day Return as of Apr 18, 2024, 10:21 PM GMT+0

Morningstar’s Analysis LRRRX

Will LRRRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LRRRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LRRRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LRRRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Ceasing Full Analyst Coverage of Lord Abbett Floating Rate

null Alec Lucas

Alec Lucas

Analyst Note

Morningstar will cease full analyst coverage of Lord Abbett Floating Rate on or about May 17, 2024, so our analysts can spend more time researching other strategies. In the future, this strategy will receive an algorithmically assigned Morningstar Medalist Rating. Users should form their own views on this strategy or obtain financial advice.

by Alec Lucas
Published on

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Portfolio Holdings LRRRX

More LRRRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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—

Cloud Software Group Inc

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Aadvantage Loyalty Ip Ltd

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Acbl Hldg Pfd 144A 0%

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Mcafee Corp

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SPDR Blackstone Senior Loan ETF

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—

Mh Sub I Llc

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