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Trending ETFs

Lord Abbett Floating Rate Fund

mutual fund
LFRIX
Dividend policy
Active
Price as of:
$8.4 +0.0 +0%
primary theme
Bank Loan
LFRIX (Mutual Fund)

Lord Abbett Floating Rate Fund

LFRIX (Mutual Fund)
Lord Abbett Floating Rate Fund
Dividend policy
Active
Price as of:
$8.4 +0.0 +0%
primary theme
Bank Loan

LFRIX - Snapshot

Vitals

  • YTD Return 1.2%
  • 3 Yr Annualized Return 2.5%
  • 5 Yr Annualized Return 3.7%
  • Net Assets $6.41 B
  • Holdings in Top 10 5.9%

52 WEEK LOW AND HIGH

$8.40
$7.94
$8.45

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.60%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 92.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Theme Bank Loan
  • Fund Type Open End Mutual Fund
  • Investment Style Bank Loan

Compare LFRIX to Popular Bank Loan Funds

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$9.40

-0.11%

$9.05 B

3.21%

$0.30

blocked
blocked
blocked

1.51%

0.73%

$10.53

0.00%

$7.09 B

4.12%

$0.43

blocked
blocked
blocked

1.06%

1.35%

$8.79

0.00%

$6.94 B

3.38%

$0.30

blocked
blocked
blocked

0.80%

0.82%

$8.40

0.00%

$6.41 B

4.11%

$0.35

blocked
blocked
blocked

1.20%

0.60%

$9.74

-0.10%

$4.99 B

4.06%

$0.40

blocked
blocked
blocked

0.52%

0.58%

Compare LFRIX to Popular Bank Loan ETFs

Overview

Next Dividend

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

Dividend.com Ratings*

$22.05

+0.09%

$6.81 B

3.46%

$0.76

blocked
blocked
blocked

-1.12%

0.65%

$45.82

-0.02%

$6.27 B

4.63%

$2.12

blocked
blocked
blocked

0.37%

0.70%

$47.81

0.00%

$2.33 B

3.42%

$1.64

blocked
blocked
blocked

0.46%

0.86%

$16.05

+0.03%

$43.60 M

2.42%

$0.39

blocked
blocked
blocked

0.12%

0.75%

$25.03

-0.04%

$37.56 M

3.39%

$0.85

blocked
blocked
blocked

1.25%

0.57%

LFRIX - Profile

Distributions

  • YTD Total Return 1.2%
  • 3 Yr Annualized Total Return 2.5%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.92%
DIVIDENDS
  • Dividend Yield 4.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Lord Abbett Floating Rate Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Dec 31, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Jeffrey Lapin

Fund Description

Under normal conditions, the fund pursues its investment objective by investing 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. It may invest up to 20% of its net assets in other types of debt securities and short-term instruments.


LFRIX - Performance

Return Ranking - Trailing

Period LFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -2.0% 10.5% 44.55%
1 Yr 12.7% 2.1% 54.6% 34.29%
3 Yr 2.5%* -0.8% 5.9% 80.71%
5 Yr 3.7%* 1.5% 8.6% 62.69%
10 Yr 4.1%* 1.8% 6.6% 32.43%

* Annualized

Return Ranking - Calendar

Period LFRIX Return Category Return Low Category Return High Rank in Category (%)
2020 -6.1% -16.5% 289.8% 86.85%
2019 1.6% -8.1% 7.5% 76.38%
2018 -5.2% -12.2% 5.5% 71.71%
2017 -0.8% -4.2% 3.7% 77.35%
2016 5.0% -65.0% 12.9% 44.09%

Total Return Ranking - Trailing

Period LFRIX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.2% -2.0% 10.5% 44.55%
1 Yr 12.7% 1.1% 54.6% 33.33%
3 Yr 2.5%* -1.3% 10.2% 75.39%
5 Yr 3.7%* 1.5% 8.6% 62.29%
10 Yr 4.1%* 1.8% 6.6% 30.21%

* Annualized

Total Return Ranking - Calendar

Period LFRIX Return Category Return Low Category Return High Rank in Category (%)
2020 -6.1% -16.5% 289.8% 86.85%
2019 1.6% -8.1% 7.5% 78.97%
2018 -5.2% -12.2% 5.5% 80.23%
2017 -0.8% -4.2% 7.2% 79.49%
2016 5.0% -65.0% 12.9% 53.18%

NAV & Total Return History


LFRIX - Holdings

Concentration Analysis

LFRIX Category Low Category High LFRIX % Rank
Net Assets 6.41 B 10 M 9.05 B 8.82%
Number of Holdings 539 12 1358 19.28%
Net Assets in Top 10 358 M -171 M 2.09 B 19.28%
Weighting of Top 10 5.86% 5.2% 94.1% 97.58%

Top 10 Holdings

  1. Asurion, LLC (fka Asurion Corporation) 0.84%
  2. United AirLines, Inc. 0.80%
  3. Aadvantage Loyalty IP 0.71%
  4. CSC Holdings, LLC (Cablevision) 0.63%
  5. Caesars Resort Collection, LLC (fka Caesars Growth 0.63%
  6. Logmein Inc 0.63%
  7. Logmein Inc 0.63%
  8. Logmein Inc 0.63%
  9. Logmein Inc 0.63%
  10. Logmein Inc 0.63%

Asset Allocation

Weighting Return Low Return High LFRIX % Rank
Bonds
97.39% 43.06% 172.61% 26.20%
Convertible Bonds
1.22% 0.00% 3.77% 6.63%
Stocks
0.59% 0.00% 15.04% 39.46%
Preferred Stocks
0.41% 0.00% 26.72% 9.04%
Other
0.35% -54.12% 14.38% 29.52%
Cash
0.05% -72.73% 55.70% 90.96%

Stock Sector Breakdown

Weighting Return Low Return High LFRIX % Rank
Consumer Cyclical
73.51% 0.00% 73.51% 2.73%
Communication Services
26.49% 0.00% 99.96% 35.55%
Utilities
0.00% 0.00% 100.00% 85.55%
Technology
0.00% 0.00% 100.00% 83.98%
Real Estate
0.00% 0.00% 27.25% 80.47%
Industrials
0.00% 0.00% 100.00% 87.50%
Healthcare
0.00% 0.00% 99.69% 83.20%
Financial Services
0.00% 0.00% 100.00% 80.86%
Energy
0.00% 0.00% 100.00% 94.14%
Consumer Defense
0.00% 0.00% 33.89% 84.77%
Basic Materials
0.00% 0.00% 27.85% 84.38%

Stock Geographic Breakdown

Weighting Return Low Return High LFRIX % Rank
US
0.59% -0.01% 15.33% 38.25%
Non US
0.00% -0.29% 2.76% 86.75%

Bond Sector Breakdown

Weighting Return Low Return High LFRIX % Rank
Corporate
99.60% 0.00% 100.00% 5.14%
Securitized
0.30% 0.00% 100.00% 48.94%
Government
0.06% 0.00% 5.93% 15.41%
Cash & Equivalents
0.05% 0.00% 58.10% 93.96%
Derivative
0.00% 0.00% 8.76% 81.57%
Municipal
0.00% 0.00% 0.56% 82.78%

Bond Geographic Breakdown

Weighting Return Low Return High LFRIX % Rank
US
74.88% 3.54% 128.54% 59.04%
Non US
22.51% 0.00% 128.52% 28.61%

LFRIX - Expenses

Operational Fees

LFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.60% 0.02% 7.50% 95.98%
Management Fee 0.46% 0.00% 2.40% 8.97%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.03% 0.40% 10.48%

Sales Fees

LFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

LFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LFRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 92.00% 8.00% 412.00% 83.51%

LFRIX - Distributions

Dividend Yield Analysis

LFRIX Category Low Category High LFRIX % Rank
Dividend Yield 4.11% 0.00% 4.58% 81.49%

Dividend Distribution Analysis

LFRIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

LFRIX Category Low Category High LFRIX % Rank
Net Income Ratio 4.92% 1.57% 10.93% 19.93%

Capital Gain Distribution Analysis

LFRIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

LFRIX - Fund Manager Analysis

Managers

Jeffrey Lapin


Start Date

Tenure

Tenure Rank

Jul 27, 2012

8.93

8.9%

Mr. Lapin joined Lord Abbett in 2012 as a portfolio manager for Lord Abbett’s taxable fixed-income strategies, and was named Partner in 2016. He began his career in the financial services industry in 1997. Previously, he was Managing Director and Head of European Market Credit Coverage at Post Advisory Group. His prior experience also includes serving as Partner, Co-Portfolio Manager at Tablerock Fund Management, LLC; Analyst at Avenue Capital Management, LLC; and Research Analyst at M.J. Whitman, Inc. He earned an AB from Georgetown University, an MBA from New York University’s Leonard N. Stern School of Business, and a JD from Northwestern University’s School of Law.

Robert Lee


Start Date

Tenure

Tenure Rank

Oct 15, 2013

7.71

7.7%

Robert A. Lee is a Partner and Chief Investment Officer at the Lord Abbett & Company. Mr. Lee joined Lord Abbett in 1997 and was named Partner in 2002. His prior experience includes: Portfolio Manager and Vice President at ARM Capital Advisors; Assistant Portfolio Manager and Assistant Vice President at Kidder Peabody Asset Management; and Fixed Income Research Analyst at The First Boston Corporation. Mr. Lee received a BS from the University of Pennsylvania. He has been in the investment business since 1991.

Steven Rocco


Start Date

Tenure

Tenure Rank

Apr 01, 2016

5.25

5.3%

Mr. Rocco is Partner and Director of Taxable Fixed Income of Lord Abbett. Mr. Rocco is a lead portfolio manager for the high yield fixed income strategy and also contributes as portfolio manager to the multi-sector fixed-income strategy. Mr. Rocco joined Lord Abbett in 2004 and was named Partner in 2011. Mr. Rocco joined Lord Abbett as an associate portfolio manager and then transitioned to lead portfolio manager for our short duration and corporate bond strategies. He was previously a Consultant at FactSet. Mr. Rocco received a BA from Cornell University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 2001.

Kearney Posner


Start Date

Tenure

Tenure Rank

Apr 01, 2018

3.25

3.3%

Ms. Posner joined Lord Abbett in 2015. Ms. Posner was formerly a Director at MetLife from 2008 to 2015.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 22.68 5.96 2.33