Lord Abbett Floating Rate Fund R2 (LFRRX)
8.04
0.00 (0.00%)
USD |
Sep 15 2026
Returns Chart
Key Stats
| Net Expense Ratio | Total Assets Under Management | Weighted Average Dividend Yield | Turnover Ratio (Generic) |
|---|---|---|---|
| 1.21% | 4.655B | -- | 83.00% |
| 1 Year Fund Level Flows | 1 Year Total Returns (Daily) | Annualized Total Returns Since Inception (Daily) | Max Drawdown (Since Inception) |
| -402.87M | 5.60% |
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income. The Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate instruments and derivatives and other instruments that effectively enable the Fund to achieve a floating rate of income. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Loan Participation Funds |
| Peer Group | Loan Participation Funds |
| Global Macro | Loan Participation Funds |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Loan Participation Funds |
| Fund Owner Firm Name | Lord Abbett |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Net Fund Flows Versus Peer Group
1 Month
% Rank:
9
-107.75M
Peer Group Low
1.126B
Peer Group High
1 Year
% Rank:
78
-402.87M
-1.779B
Peer Group Low
7.792B
Peer Group High
3 Months
% Rank:
10
-533.58M
Peer Group Low
2.563B
Peer Group High
3 Years
% Rank:
92
-2.696B
Peer Group Low
23.63B
Peer Group High
6 Months
% Rank:
18
-626.25M
Peer Group Low
4.640B
Peer Group High
5 Years
% Rank:
93
-5.052B
Peer Group Low
27.05B
Peer Group High
YTD
% Rank:
57
-1.194B
Peer Group Low
5.919B
Peer Group High
10 Years
% Rank:
92
-10.63B
Peer Group Low
3.119B
Peer Group High
Date Unavailable
Risk
Performance Versus Peer Group
Annual Total Returns Versus Peers
As of September 16, 2026.
Asset Allocation
As of May 31, 2026.
| Type | % Net |
|---|---|
| Cash | 4.59% |
| Stock | 0.27% |
| Bond | 94.17% |
| Convertible | 0.00% |
| Preferred | 0.41% |
| Other | 0.56% |
Top 10 Holdings
| Name | % Weight | Price | % Change |
|---|---|---|---|
|
RBC Dominion Securities Inc Repo
|
4.36% | -- | -- |
| Invesco Senior Loan ETF | 1.25% | 20.66 | 0.02% |
|
Alloy Finco Ltd FRN 06-Mar-2028
|
1.11% | -- | -- |
|
Discovery Global Holdings Inc FRN
|
0.94% | -- | -- |
|
Hudson River Trading LLC 18-MAR-2030 Term Loan B
|
0.72% | -- | -- |
|
AI Aqua Merger Sub Inc FRN 31-Jul-2028
|
0.64% | -- | -- |
|
Aadvantage Loyalty IP Ltd 20-Apr-2028
|
0.63% | -- | -- |
|
Allied Universal Holdco LLC 05-AUG-2032 Term Loan B
|
0.61% | -- | -- |
|
Proofpoint Inc FRN 31-Aug-2028
|
0.61% | -- | -- |
|
Jane Street Group LLC FRN 15-Dec-2031
|
0.60% | -- | -- |
Fees & Availability
| Fees | |
| Actual 12B-1 Fee | 0.60% |
| Actual Management Fee | 0.46% |
| Administration Fee | 278.00 None |
| Maximum Front Load | -- |
| Maximum Deferred Load | -- |
| Maximum Redemption Fee | -- |
| General Availability | |
| Available for Insurance Product | No |
| Available for RRSP | No |
| Purchase Details | |
| Open to New Investors |
|
| Minimum Initial Investment | 0.00 None |
| Minimum Subsequent Investment | 0.00 None |
TTM Distributions
| Type | Sep | Oct | Nov | Dec | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
Qualified Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Normal
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Qualified
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
LT Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Ordinary Income
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Non-Qual
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ST Cap Gains
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Interest
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Tax-Exempt
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
ROC
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Other
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
|
Total
|
-- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
As of August 31, 2026.
Basic Info
| Investment Strategy | |
| The Fund seeks a high level of current income. The Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in floating or adjustable rate instruments and derivatives and other instruments that effectively enable the Fund to achieve a floating rate of income. |
| General | |
| Security Type | Mutual Fund |
| Equity Style | -- |
| Broad Asset Class | Taxable Bond |
| Broad Category | Fixed Income |
| Global Peer Group | Loan Participation Funds |
| Peer Group | Loan Participation Funds |
| Global Macro | Loan Participation Funds |
| US Macro | General Domestic Taxable Fixed Income Funds |
| YCharts Categorization | -- |
| YCharts Benchmark | -- |
| Prospectus Objective | Loan Participation Funds |
| Fund Owner Firm Name | Lord Abbett |
| Broad Asset Class Benchmark Index | |
| ^BBUSATR | 100.0% |
Fundamentals
| General | |
| Distribution Yield | -- |
| Dividend Yield TTM (9-15-26) | 6.11% |
| 30-Day SEC Yield (8-31-26) | 5.59% |
| 7-Day SEC Yield | -- |
| Number of Holdings | 408 |
| Bond | |
| Yield to Maturity (5-31-26) | 7.09% |
| Effective Duration | 0.29 |
| Average Coupon | 7.38% |
| Calculated Average Quality | 5.718 |
| Effective Maturity | 4.795 |
| Nominal Maturity | 4.803 |
| Number of Bond Holdings | 395 |
As of May 31, 2026
Fund Details
| Key Dates | |
| Inception Date | 12/31/2007 |
| Last Annual Report Date | 11/30/2025 |
| Last Prospectus Date | 4/1/2026 |
| Share Classes | |
| LARCX | C |
| LFRAX | A |
| LFRFX | F |
| LFRIX | Inst |
| LFROX | F3 |
| LRRKX | Retirement |
| LRRRX | Retirement |
| LRRTX | Retirement |
| LRRVX | Retirement |
| Attributes | |
| Index Fund | -- |
| Inverse Fund | No |
| Leveraged Fund | -- |
| Fund of Funds | No |
| Currency Hedged Fund | -- |
| Socially Responsible Fund | No |
Top Portfolio Holders
| Name | % Weight |
|---|---|
| Portfolio A | 5.00% |
| Portfolio B | 3.50% |
| Portfolio C | 2.25% |
Excel Add-In Codes
| Name: =YCI("M:LFRRX", "name") |
| Broad Asset Class: =YCI("M:LFRRX", "broad_asset_class") |
| Broad Category: =YCI("M:LFRRX", "broad_category_group") |
| Prospectus Objective: =YCI("M:LFRRX", "prospectus_objective") |
| To find the codes for any of our securities and financial metrics, see our Complete Excel Reference. |