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.
Want key mutual fund info delivered straight to your inbox?
Zacks' free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>