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Lord Abbett Floating Rate R3 LRRRX

Analyst rating as of
NAV / 1-Day Return
8.44  /  0.03 %
Total Assets
7.8 Bil
Adj. Expense Ratio
1.100%
Expense Ratio
1.100%
Fee Level
Below Average
Longest Manager Tenure
9.48 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
3.52%
Effective Duration
0.34 years
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Morningstar’s Analysis

Will LRRRX outperform in future?

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

A reasonable option.

Summary

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Lord Abbett Floating Rate's strong leadership team, deep analyst pool, and solid investment framework support a Morningstar Analyst Rating of Bronze for its cheaper share classes and Neutral for the more expensive.

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