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Lord Abbett Floating Rate A LFRAX Fund Analysis

| Medalist Rating as of | See Lord Abbett Investment Hub

Morningstar’s Analysis LFRAX

Will LFRAX outperform in future?

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

An abrupt lead manager departure.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

Lord Abbett Floating Rate’s approach is thoughtful and liquidity-focused, but its longtime lead manager’s sudden departure justifies a Morningstar Medalist Rating downgrade to Neutral from Bronze across the strategy’s cheaper share classes, while its pricier share classes retain Neutral ratings.

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