Lord Abbett Investment Grade Fltng Rt A (LGRAX)
| Fund Assets | 2.68B |
| Expense Ratio | 0.57% |
| Min. Investment | $1,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.57 |
| Dividend Yield | 5.47% |
| Dividend Growth | -10.26% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 10.20 |
| YTD Return | 2.26% |
| 1-Year Return | 5.32% |
| 5-Year Return | n/a |
| 52-Week Low | 10.16 |
| 52-Week High | 10.26 |
| Beta (5Y) | n/a |
| Holdings | 656 |
| Inception Date | May 4, 2023 |
About LGRAX
LGRAX was founded on 2023-05-04 and is currently managed by Castle,Koleva,Trifon. The Fund's investment strategy focuses on Loan Participation with 0.55% total expense ratio. The minimum amount to invest in Lord Abbett Investment Grade Floating Rate Fund Class A is $1,500 on a standard taxable account. Lord Abbett Investment Grade Floating Rate Fund Class A seeks a high level of current income. LGRAX will invest in various types of high quality, investment grade debt securities. Under normal conditions, the Fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investment grade debt securities.
Performance
LGRAX had a total return of 5.32% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.80%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.04417 | Jun 30, 2026 |
| May 29, 2026 | $0.04484 | May 29, 2026 |
| Apr 30, 2026 | $0.0447 | Apr 30, 2026 |
| Mar 31, 2026 | $0.04456 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04212 | Feb 27, 2026 |
| Jan 30, 2026 | $0.04742 | Jan 30, 2026 |