Dow Down 0.94% Nasdaq Down 1.13%

Lord Abbett Floating Rate A (LFRAX)

8.98 0.00(0.00%) May 2
Prev Close:8.98
YTD Return*:1.72%
Net Assets*:6.03B
Yield*:4.52%

* As of 31-Mar-16

Quotes delayed, except where indicated otherwise. Currency in USD.

Top Holdings

Symbol% AssetsYTD Return %
First Data Corporation1.84N/A
Avago Technologies1.55N/A
Avago Technologies Cayman Ltd. (Avago Technologies1.04N/A
Nxp B.V. (Nxp Funding Llc)1.01N/A
Crown Castle Operating Company0.94N/A

Fund Basics

Morningstar Overall Rating:
Total Assets:6.03B
Category:Bank Loan
Annual Report Expense Ratio (net):0.80%

Performance & Risk

YTD Return:1.72%
5y Avg Return:3.65%
Rank in Category (ytd):25
% Rank in Category (ytd):9.4%
Beta (3y):0.14
Morningstar Risk Rating:3

Fund Summary

The investment seeks a high level of current income. Under normal conditions, the fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate senior loans. It may invest up to 25% of its total assets in senior loans made to foreign-domiciled borrowers and foreign securities, including emerging market securities. The fund may invest up to 20% of its net assets in other types of debt securities and short-term instruments. In addition, it may invest up to 10% of its net assets in derivatives. View More
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