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Lord Abbett Floating Rate I LFRIX

Analyst rating as of
  • NAV / 1-Day Return 7.99  /  0.06 %
  • Total Assets 6.0 Bil
  • Adj. Expense Ratio
    0.590%
  • 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.

A worthwhile bank-loan offering.

Senior Analyst

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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