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.
Will LFRIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LFRIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the LFRIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of LFRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.