Lord Abbett Floating Rate Fund Class R4 (LRRKX)
| Fund Assets | 4.42B |
| Expense Ratio | 0.85% |
| Min. Investment | $0.00 |
| Turnover | 83.00% |
| Dividend (ttm) | 0.55 |
| Dividend Yield | 6.93% |
| Dividend Growth | -15.54% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | n/a |
| Previous Close | 8.01 |
| YTD Return | -0.21% |
| 1-Year Return | 5.30% |
| 5-Year Return | 31.71% |
| 52-Week Low | 7.43 |
| 52-Week High | 8.05 |
| Beta (5Y) | n/a |
| Holdings | 483 |
| Inception Date | Jun 30, 2015 |
About LRRKX
Lord Abbett Floating Rate Fund Class R4 is an actively managed mutual fund that seeks a high level of current income by investing primarily in **senior floating-rate corporate loans** and related debt instruments. These loans typically pay interest at rates that reset periodically over a short-term benchmark, helping the portfolio’s income respond to changes in short-term interest rates. The fund focuses largely on below-investment-grade corporate borrowers, providing exposure to the leveraged loan market across a wide range of issuers, sectors, and maturities. In addition to bank loans, the fund may hold high yield bonds, collateralized loan obligations, and other debt securities and short-term instruments to diversify its income sources and manage liquidity. With hundreds of individual holdings and an actively managed credit and sector allocation process, Lord Abbett Floating Rate Fund Class R4 plays a role in the fixed income universe as a specialized vehicle for accessing the floating-rate loan segment and its distinct interest rate and credit characteristics.
Performance
LRRKX had a total return of 5.30% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.03%.
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 |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jan 30, 2026 | $0.04283 | Jan 30, 2026 |
| Dec 31, 2025 | $0.04408 | Dec 31, 2025 |
| Nov 28, 2025 | $0.04495 | Nov 28, 2025 |
| Oct 31, 2025 | $0.04656 | Oct 31, 2025 |
| Sep 30, 2025 | $0.04706 | Sep 30, 2025 |
| Aug 29, 2025 | $0.04671 | Aug 29, 2025 |