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Lord Abbett Floating Rate R3 LRRRX

Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 8.17  /  −0.10 %
  • Total Assets 5.0 Bil
  • Adj. Expense Ratio
    1.100%
  • Expense Ratio 1.100%
  • Distribution Fee Level Low
  • Share Class Type Retirement, Medium
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment
  • Status Open
  • TTM Yield 8.11%
  • Effective Duration 0.35 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 10:15 PM GMT+0

Morningstar’s Analysis LRRRX

Will LRRRX outperform in future?

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

An abrupt lead manager departure.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

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.

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Portfolio Holdings LRRRX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 6.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
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