Lord Abbett Floating Rate A (LFRAX)
* As of 30-Apr-16
Quotes delayed, except where indicated otherwise. Currency in USD.
|Symbol||% Assets||YTD Return %|
|Avago Technologies Cayman Holdings Ltd.||1.74||N/A|
|Level 3 Financing, Inc.||0.64||N/A|
|Western Digital Corporation||0.64||N/A|
|Morningstar Overall Rating:|
|Annual Report Expense Ratio (net):||0.80%|
Performance & Risk
|5y Avg Return:||3.91%|
|Rank in Category (ytd):||29|
|% Rank in Category (ytd):||10.9%|
|Morningstar Risk Rating:||3|
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