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Why Invest in Lord Abbett Floating Rate F Fund (LFRFX)?

Lord Abbett Floating Rate F Fund ( LFRFX ) seeks growth of income. LFRFX invests majority of its assets in adjustable or floating rate senior loans. LFRFX may invest around one-fourth of its assets in foreign securities including emerging market securities. LFRFX may also invest around one-fifth of its assets in other debt securities and nearly one-tenth of its assets in derivatives.

This Govt Bond - Misc product has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 3, 5 year benchmarks; 3 year 3.6% and 5 year 5.4%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here .

LFRFX's performance, as of the last filing, when compared to funds in its category was in the top 2% over the past 1 year, and in the top 8% over the past 3 years and in the top 1% over the past 5 years.

This Zacks Rank #1 (Strong Buy) was incepted in December 2007 and is managed by Lord Abbett . LFRFX carries an expense ratio of 0.70% and requires a minimal initial investment of $0.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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