Lord Abbett Floating Rate Fund Class F3 (LFROX)
| Fund Assets | 4.42B |
| Expense Ratio | 0.54% |
| Min. Investment | $0.00 |
| Turnover | 83.00% |
| Dividend (ttm) | 0.58 |
| Dividend Yield | 7.26% |
| Dividend Growth | -14.84% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jan 30, 2026 |
| Previous Close | 8.03 |
| YTD Return | -0.18% |
| 1-Year Return | 5.66% |
| 5-Year Return | 33.68% |
| 52-Week Low | 7.43 |
| 52-Week High | 8.06 |
| Beta (5Y) | n/a |
| Holdings | 494 |
| Inception Date | n/a |
About LFROX
Lord Abbett Floating Rate Fund Class F3 is a diversified **mutual fund** designed to provide a **high level of current income** by investing primarily in floating-rate and adjustable-rate credit instruments. The fund focuses on **below investment-grade corporate loans and bonds**, often referred to as leveraged loans or high-yield credit, which pay interest that resets periodically based on short-term reference rates. This structure helps reduce interest-rate sensitivity, reflected in the portfolio’s very low average duration, while maintaining exposure to credit markets. The fund holds a broad portfolio of several hundred issuers across sectors, including corporate bank loans, high-yield bonds, and related structured credit, aiming for diversification by issuer, industry, and maturity. It distributes income on a **monthly** basis and is actively managed, allowing the adviser to adjust sector, credit-quality, and capital-structure positioning as market conditions evolve. Within the fixed-income universe, Lord Abbett Floating Rate Fund Class F3 plays a role as a specialized credit strategy targeting floating-rate income rather than traditional fixed coupons.
Performance
LFROX had a total return of 5.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.05%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04519 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04646 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04727 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04895 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04938 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04908 | Aug 29, 2025 |