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Lord Abbett Floating Rate A LFRAX

Analyst rating as of
NAV / 1-Day Return
8.03  /  0.00
Total Assets
8.4 Bil
Adj. Expense Ratio
0.790%
Expense Ratio
0.790%
Fee Level
Low
Longest Manager Tenure
9.81 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,500
Status
Open
TTM Yield
3.78%
Effective Duration
0.26 years
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Morningstar’s Analysis

Will LFRAX outperform in future?

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

A worthwhile bank-loan offering.

Summary

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Lord Abbett Floating Rate’s robust team and thoughtful, liquidity-focused approach justify a Morningstar Analyst Rating of Bronze across the strategy’s cheaper share classes, while a higher price tag earns the remaining share classes a Neutral rating.

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