Lord Abbett Floating Rate Fund Class A (LFRAX)
| Fund Assets | 5.00B |
| Expense Ratio | 0.80% |
| Min. Investment | $1,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.62 |
| Dividend Yield | 7.44% |
| Dividend Growth | -10.93% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2025 |
| Previous Close | 8.09 |
| YTD Return | 0.30% |
| 1-Year Return | 4.37% |
| 5-Year Return | 32.67% |
| 52-Week Low | 7.87 |
| 52-Week High | 8.19 |
| Beta (5Y) | n/a |
| Holdings | 460 |
| Inception Date | Dec 31, 2007 |
About LFRAX
LFRAX was founded on 2007-12-31. The Fund's investment strategy focuses on Loan Participation with 0.8% total expense ratio. The minimum amount to invest in Lord Abbett Investment Trust: Lord Abbett Floating Rate Fund; Class A Shares is $1,500 on a standard taxable account. Lord Abbett Investment Trust: Lord Abbett Floating Rate Fund; Class A Shares seeks a high level of current income. LFRAX invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate instruments and derivatives and other instruments that effectively enable the Fund to achieve a floating rate of income.
Performance
LFRAX had a total return of 4.37% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.61%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate High Income Fund | n/a |
Top 10 Holdings
11.74% of assets| Name | Symbol | Weight |
|---|---|---|
| J P Morgan Securities Inc | n/a | 4.32% |
| Invesco Senior Loan ETF | BKLN | 1.76% |
| Quikrete Holdings Inc | QUIKHO.L 02.10.32 13 | 0.85% |
| Jane Street Group LLC | JANEST.L 12.15.31 19 | 0.78% |
| Barclays Capital | n/a | 0.73% |
| X Corp | n/a | 0.69% |
| Boost Newco Borrower Llc | n/a | 0.68% |
| Sedgwick Claims Management Services Inc | SEDGEW.L 02.24.28 6 | 0.66% |
| Clydesdale Acquisition Holdings Inc | NOVHOL.L 03.29.32 5 | 0.65% |
| Acbl Hldg Pfd 144A 0% | n/a | 0.62% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2025 | $0.04678 | Jun 30, 2025 |
| May 30, 2025 | $0.04908 | May 30, 2025 |
| Apr 30, 2025 | $0.04989 | Apr 30, 2025 |
| Mar 31, 2025 | $0.04891 | Mar 31, 2025 |
| Feb 28, 2025 | $0.04519 | Feb 28, 2025 |
| Jan 31, 2025 | $0.04939 | Jan 31, 2025 |