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 8.01 / 0.05 %
- Total Assets 6.0 Bil
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Adj. Expense Ratio
- Expense Ratio 1.090%
- Distribution Fee Level Below Average
- Share Class Type Retirement, Medium
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity Low / Limited
- Min. Initial Investment 0
- Status Open
- TTM Yield 4.96%
- Effective Duration 0.21 years
Morningstar’s Analysis LRRRX
Will LRRRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.