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.
- NAV / 1-Day Return 7.99 / 0.06 %
- Total Assets 6.0 Bil
Adj. Expense Ratio
- Expense Ratio 0.590%
- Distribution Fee Level Low
- Share Class Type Institutional
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity Low / Limited
- Min. Initial Investment 1,000,000
- Status Open
- TTM Yield 5.27%
- Effective Duration 0.19 years
Morningstar’s Analysis LFRIX
Will LFRIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.