Lord Abbett Floating Rate Fund Class F3 (LFROX)
| Fund Assets | 4.28B |
| Expense Ratio | 0.54% |
| Min. Investment | $1,500 |
| Turnover | 83.00% |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 7.08% |
| Dividend Growth | -13.96% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Apr 30, 2026 |
| Previous Close | 8.01 |
| YTD Return | 1.24% |
| 1-Year Return | 6.34% |
| 5-Year Return | 29.32% |
| 52-Week Low | 7.90 |
| 52-Week High | 8.11 |
| Beta (5Y) | n/a |
| Holdings | 494 |
| Inception Date | n/a |
About LFROX
Lord Abbett Floating Rate Fund Class F3 is a mutual fund that seeks a high level of current income. It invests primarily in a diversified portfolio of below investment grade floating rate instruments, including bank loans, high yield bonds, and collateralized loan obligations. The fund maintains a low duration profile, with average effective duration around 0.01 to 0.07 years and average maturity of approximately 4.4 to 4.6 years, which helps mitigate interest rate sensitivity as coupon payments adjust with short-term rates. Actively managed with hundreds of holdings across various issuers, it pays dividends monthly and emphasizes income generation from senior secured loans and other credit opportunities in the leveraged loan market. This fund serves investors seeking yield in fixed income portfolios, particularly those aiming for protection in rising rate environments through floating rate exposure while navigating credit risks associated with non-investment grade securities.
Performance
LFROX had a total return of 6.34% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.90%.
Top 10 Holdings
14.48% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Securities LLC - J P MORGAN TERM REPO | n/a | 4.78% |
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 3.02% |
| Invesco Senior Loan ETF | BKLN | 2.28% |
| Asurion LLC 2023 Term Loan B11 | ASUCOR.L 08.21.28 24 | 0.75% |
| Quikrete Holdings Inc 2025 Term Loan B | QUIKHO.L 02.10.32 13 | 0.65% |
| American Airlines Inc 2025 Term Loan | AAL.L 04.20.28 2 | 0.63% |
| Sedgwick Claims Management Services Inc 2023 Term Loan B | SEDGEW.L 02.24.28 6 | 0.61% |
| Great Outdoors Group LLC 2025 Term Loan B | BASSPR.L 01.23.32 7 | 0.60% |
| Belron Finance 2019 LLC 2025 Repriced Term Loan B | BELRON.L 10.16.31 14 | 0.59% |
| AI Aqua Merger Sub Inc 2024 1st Lien Term Loan B | CULLHO.L 07.31.28 12 | 0.58% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Apr 30, 2026 | $0.04209 | Apr 30, 2026 |
| Mar 31, 2026 | $0.05008 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04095 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04519 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04646 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04727 | Nov 28, 2025 |