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.
- NAV / 1-Day Return 7.91 / 0.32 %
- Total Assets 5.0 Bil
-
Adj. Expense Ratio
0.800%
- Expense Ratio 0.800%
- Distribution Fee Level Low
- Share Class Type Front Load
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity Low / Limited
- Min. Initial Investment 1,500
- Status Open
- TTM Yield 6.76%
- Effective Duration 0.24 years
Morningstar’s Analysis LFRAX
Will LFRAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings 2
- Bond Holdings 446
- Other Holdings 21
- % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
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