Lord Abbett Floating Rate F3 (LFROX)
| Fund Assets | 4.36B |
| Expense Ratio | 0.54% |
| Min. Investment | $1,000,000 |
| Turnover | 83.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 6.88% |
| Dividend Growth | -13.55% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 8.03 |
| YTD Return | 2.73% |
| 1-Year Return | 6.30% |
| 5-Year Return | 29.54% |
| 52-Week Low | 7.90 |
| 52-Week High | 8.11 |
| Beta (5Y) | n/a |
| Holdings | 475 |
| 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 6.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 4.01%.
Top 10 Holdings
14.36% of assets| Name | Symbol | Weight |
|---|---|---|
| RBC Dominion Securities, Inc. - RBC CAPITAL MARKETS REPO | n/a | 3.45% |
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 3.27% |
| Fidelity Government Portfolio | FRGXX | 1.98% |
| Invesco Senior Loan ETF | BKLN | 1.23% |
| Alloy Finco Limited USD Holdco PIK Term Loan | n/a | 0.95% |
| Jane Street Group LLC 2024 Term Loan B1 | JANEST.L 12.15.31 19 | 0.81% |
| Hudson River Trading LLC 2026 Repriced Term Loan B | HURVTR.L 03.18.30 7 | 0.72% |
| X Corp. - X Corp 2025 Fixed Term Loan | TWTR.L 10.29.29 3 | 0.68% |
| AI AQUA MERGER SUB INC 2026 REPRICED TERM LOAN B | CULLHO.L 07.31.28 14 | 0.64% |
| American Airlines, Inc. - American Airlines Inc 2025 Term Loan | AAL.L 04.20.28 2 | 0.64% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.04266 | Jun 30, 2026 |
| May 29, 2026 | $0.04394 | May 29, 2026 |
| 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 |