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Lord Abbett Floating Rate Fund
mutual fund
LFRIX
Dividend policy
Active
Price as of:
$8.39
+0.01
+0%
primary theme
Bank Loan
LFRIX (Mutual Fund)
Lord Abbett Floating Rate Fund
Dividend policy
Active
Price as of:
$8.39
+0.01
+0%
primary theme
Bank Loan
LFRIX - Snapshot
Vitals
- YTD Return 1.1%
- 3 Yr Annualized Return 1.9%
- 5 Yr Annualized Return 3.9%
- Net Assets $5.58 B
- Holdings in Top 10 7.7%
52 WEEK LOW AND HIGH
$8.38
$6.89
$8.88
Expenses
OPERATING RELATED FEES
- Expense Ratio 0.61%
SALES FEES
- Front Load N/A
- Deferred Load N/A
BROKERAGE FEES
- Turnover 58.00%
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
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
$9.36
+0.11%
$6.74 B
3.76%
$0.35
blocked
blocked
blocked
1.08%
-
$10.54
0.00%
$5.39 B
4.30%
$0.45
blocked
blocked
blocked
1.15%
-
$6.89
+0.15%
$3.60 B
4.79%
$0.33
blocked
blocked
blocked
1.17%
-
Overview
Next Dividend
Income Profile
Income Risk
Returns Profile
Allocations
Expenses
About
Dividend.com Ratings*
SPDR® Blackstone / GSO Senior Loan ETF
SRLN | ETF
$46.06
0.00%
$2.22 B
4.86%
$2.24
blocked
blocked
blocked
0.90%
-
First Trust Senior Loan Fund
FTSL | ETF
$48.19
+0.19%
$1.32 B
3.44%
$1.66
blocked
blocked
blocked
1.26%
-
Janus Henderson AAA CLO ETF
JAAA | ETF
$50.40
-0.05%
$120.67 M
0.26%
$0.13
blocked
blocked
blocked
0.22%
-
Highland/iBoxx Senior Loan ETF
SNLN | ETF
$16.15
-0.22%
$52.88 M
3.18%
$0.51
blocked
blocked
blocked
0.81%
-
LFRIX - Profile
Distributions
- YTD Total Return 1.1%
- 3 Yr Annualized Total Return 1.9%
- 5 Yr Annualized Total Return 3.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 5.75%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NameLord Abbett Floating Rate Fund
-
Fund Family NameLord Abbett
-
Inception DateDec 31, 2007
-
Shares OutstandingN/A
-
Share ClassInst
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey 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 | 1.1% | -0.6% | 2.3% | 27.24% |
| 1 Yr | -1.5% | -8.8% | 8.2% | 85.47% |
| 3 Yr | 1.9%* | -1.8% | 5.6% | 80.57% |
| 5 Yr | 3.9%* | 1.7% | 8.6% | 63.40% |
| 10 Yr | 3.9%* | 1.7% | 6.6% | 35.03% |
* Annualized
Return Ranking - Calendar
| Period | LFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -6.1% | -16.5% | 289.8% | 88.15% |
| 2019 | 1.6% | -4.9% | 7.5% | 76.26% |
| 2018 | -5.2% | -9.7% | 5.5% | 71.21% |
| 2017 | -0.8% | -4.2% | 3.7% | 77.50% |
| 2016 | 5.0% | -65.0% | 12.9% | 46.02% |
Total Return Ranking - Trailing
| Period | LFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 1.1% | -0.6% | 2.3% | 27.24% |
| 1 Yr | -1.5% | -9.8% | 8.2% | 76.35% |
| 3 Yr | 1.9%* | -2.6% | 5.6% | 71.73% |
| 5 Yr | 3.9%* | 1.6% | 8.6% | 56.60% |
| 10 Yr | 3.9%* | 1.7% | 6.6% | 33.76% |
* Annualized
Total Return Ranking - Calendar
| Period | LFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2020 | -6.1% | -16.5% | 289.8% | 88.15% |
| 2019 | 1.6% | -4.9% | 7.5% | 78.78% |
| 2018 | -5.2% | -9.7% | 5.5% | 79.55% |
| 2017 | -0.8% | -4.2% | 7.2% | 79.58% |
| 2016 | 5.0% | -65.0% | 12.9% | 54.87% |
NAV & Total Return History
LFRIX - Holdings
Concentration Analysis
| LFRIX | Category Low | Category High | LFRIX % Rank | |
|---|---|---|---|---|
| Net Assets | 5.58 B | 6.19 M | 6.74 B | 4.90% |
| Number of Holdings | 523 | 13 | 1202 | 12.96% |
| Net Assets in Top 10 | 423 M | -149 M | 1.24 B | 14.62% |
| Weighting of Top 10 | 7.69% | 5.8% | 91.3% | 90.00% |
Top 10 Holdings
- Invesco Senior Loan ETF 1.35%
- CSC Holdings LLC (Cablevision) 0.86%
- Asurion, LLC (fka Asurion Corporation) 0.84%
- CenturyLink, Inc. 0.84%
- Caesars Growth Properties Holdings, LLC 0.75%
- Valeant Pharmaceuticals International, Inc. 0.65%
- 1011778 B.C. Unlimited L Co (aka BK/Tim Hortons) 0.64%
- Logmein Inc 0.63%
- Logmein Inc 0.63%
- Logmein Inc 0.63%
Asset Allocation
| Weighting | Return Low | Return High | LFRIX % Rank | |
|---|---|---|---|---|
| Bonds | 96.36% | 26.84% | 146.33% | 33.89% |
| Convertible Bonds | 1.92% | 0.00% | 1.92% | 2.66% |
| Stocks | 0.68% | 0.00% | 8.10% | 29.24% |
| Cash | 0.59% | -3.64% | 55.70% | 87.71% |
| Preferred Stocks | 0.46% | 0.00% | 22.09% | 10.96% |
| Other | 0.00% | -51.44% | 10.21% | 79.73% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LFRIX % Rank | |
|---|---|---|---|---|
| Consumer Cyclical | 73.94% | 0.00% | 100.00% | 5.29% |
| Communication Services | 26.06% | 0.00% | 100.00% | 46.26% |
| Utilities | 0.00% | 0.00% | 100.00% | 74.45% |
| Technology | 0.00% | 0.00% | 100.00% | 77.53% |
| Real Estate | 0.00% | 0.00% | 33.89% | 68.28% |
| Industrials | 0.00% | 0.00% | 100.00% | 78.85% |
| Healthcare | 0.00% | 0.00% | 100.00% | 74.01% |
| Financial Services | 0.00% | 0.00% | 100.00% | 71.37% |
| Energy | 0.00% | 0.00% | 100.00% | 88.99% |
| Consumer Defense | 0.00% | 0.00% | 99.68% | 71.81% |
| Basic Materials | 0.00% | 0.00% | 29.26% | 79.30% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LFRIX % Rank | |
|---|---|---|---|---|
| US | 0.68% | 0.00% | 8.26% | 28.90% |
| Non US | 0.00% | -0.16% | 3.40% | 75.75% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | LFRIX % Rank | |
|---|---|---|---|---|
| Corporate | 98.49% | 0.00% | 100.00% | 9.67% |
| Securitized | 0.89% | 0.00% | 100.00% | 29.00% |
| Cash & Equivalents | 0.59% | 0.00% | 69.25% | 87.67% |
| Government | 0.03% | 0.00% | 0.48% | 7.33% |
| Derivative | 0.00% | 0.00% | 9.16% | 69.33% |
| Municipal | 0.00% | 0.00% | 0.14% | 68.67% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | LFRIX % Rank | |
|---|---|---|---|---|
| US | 73.96% | 6.47% | 136.43% | 62.13% |
| Non US | 22.40% | 0.00% | 91.71% | 30.23% |
LFRIX - Expenses
Operational Fees
| LFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.61% | 0.01% | 27.10% | 97.29% |
| Management Fee | 0.46% | 0.00% | 1.73% | 8.61% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.04% | 0.03% | 0.40% | 11.40% |
Sales Fees
| LFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 1.00% | 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 | 58.00% | 0.00% | 412.00% | 69.28% |
LFRIX - Distributions
Dividend Yield Analysis
| LFRIX | Category Low | Category High | LFRIX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.55% | 69.18% |
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 | 5.75% | 1.29% | 9.15% | 11.53% |
Capital Gain Distribution Analysis
| LFRIX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Dividend Payout History
| Date | Amount |
|---|---|
| Mar 29, 2019 | $0.045 |
| Feb 28, 2019 | $0.040 |
| Jan 31, 2019 | $0.046 |
| Dec 31, 2018 | $0.044 |
| Nov 30, 2018 | $0.043 |
| Oct 31, 2018 | $0.043 |
| Aug 31, 2018 | $0.042 |
| Jul 31, 2018 | $0.042 |
| Jun 29, 2018 | $0.040 |
| May 31, 2018 | $0.041 |
| Apr 30, 2018 | $0.040 |
| Mar 29, 2018 | $0.039 |
| Feb 28, 2018 | $0.035 |
| Jan 31, 2018 | $0.038 |
| Dec 29, 2017 | $0.035 |
| Nov 30, 2017 | $0.035 |
| Oct 31, 2017 | $0.036 |
| Sep 29, 2017 | $0.035 |
| Aug 31, 2017 | $0.036 |
| Jul 31, 2017 | $0.036 |
| Jun 30, 2017 | $0.035 |
| May 31, 2017 | $0.035 |
| Apr 28, 2017 | $0.035 |
| Mar 31, 2017 | $0.037 |
| Feb 28, 2017 | $0.036 |
| Jan 31, 2017 | $0.037 |
| Dec 30, 2016 | $0.035 |
| Nov 30, 2016 | $0.035 |
| Oct 31, 2016 | $0.035 |
| Sep 30, 2016 | $0.035 |
| Aug 31, 2016 | $0.039 |
| Jul 29, 2016 | $0.037 |
| Jun 30, 2016 | $0.037 |
| May 31, 2016 | $0.037 |
| Apr 29, 2016 | $0.035 |
| Mar 31, 2016 | $0.035 |
| Feb 29, 2016 | $0.034 |
| Jan 29, 2016 | $0.034 |
| Dec 31, 2015 | $0.034 |
| Nov 30, 2015 | $0.035 |
| Oct 30, 2015 | $0.035 |
| Sep 30, 2015 | $0.034 |
| Aug 31, 2015 | $0.036 |
| Jul 31, 2015 | $0.035 |
| Jun 30, 2015 | $0.036 |
| May 29, 2015 | $0.037 |
| Apr 30, 2015 | $0.034 |
| Mar 31, 2015 | $0.036 |
| Feb 27, 2015 | $0.031 |
| Jan 30, 2015 | $0.035 |
| Dec 31, 2014 | $0.036 |
| Nov 28, 2014 | $0.035 |
| Oct 31, 2014 | $0.037 |
| Sep 30, 2014 | $0.039 |
| Aug 29, 2014 | $0.040 |
| Jul 31, 2014 | $0.041 |
| Jun 30, 2014 | $0.039 |
| May 30, 2014 | $0.040 |
| Apr 30, 2014 | $0.039 |
| Mar 31, 2014 | $0.036 |
| Feb 28, 2014 | $0.032 |
| Jan 31, 2014 | $0.036 |
| Dec 31, 2013 | $0.038 |
| Nov 29, 2013 | $0.035 |
| Oct 31, 2013 | $0.036 |
| Sep 30, 2013 | $0.036 |
| Aug 30, 2013 | $0.037 |
| Jul 31, 2013 | $0.037 |
| Jun 28, 2013 | $0.038 |
| May 31, 2013 | $0.039 |
| Apr 30, 2013 | $0.041 |
| Mar 28, 2013 | $0.041 |
| Feb 28, 2013 | $0.039 |
| Jan 31, 2013 | $0.042 |
| Dec 31, 2012 | $0.046 |
| Nov 30, 2012 | $0.042 |
| Oct 31, 2012 | $0.043 |
| Sep 28, 2012 | $0.042 |
| Aug 31, 2012 | $0.042 |
| Jul 31, 2012 | $0.040 |
| Jun 29, 2012 | $0.041 |
| May 31, 2012 | $0.044 |
| Apr 30, 2012 | $0.042 |
| Mar 30, 2012 | $0.045 |
| Feb 29, 2012 | $0.042 |
| Jan 31, 2012 | $0.042 |
| Dec 30, 2011 | $0.042 |
| Nov 30, 2011 | $0.038 |
| Oct 31, 2011 | $0.041 |
| Sep 30, 2011 | $0.039 |
| Aug 31, 2011 | $0.041 |
| Jul 29, 2011 | $0.038 |
| Jun 30, 2011 | $0.040 |
| May 31, 2011 | $0.043 |
| Apr 29, 2011 | $0.035 |
| Mar 31, 2011 | $0.040 |
| Feb 28, 2011 | $0.039 |
| Jan 31, 2011 | $0.039 |
| Dec 31, 2010 | $0.041 |
| Nov 30, 2010 | $0.040 |
| Oct 29, 2010 | $0.041 |
| Sep 30, 2010 | $0.040 |
| Aug 31, 2010 | $0.045 |
| Jul 30, 2010 | $0.043 |
| Jun 30, 2010 | $0.041 |
| May 28, 2010 | $0.043 |
| Apr 30, 2010 | $0.040 |
| Mar 31, 2010 | $0.042 |
| Feb 26, 2010 | $0.040 |
| Jan 29, 2010 | $0.046 |
| Dec 31, 2009 | $0.048 |
| Nov 30, 2009 | $0.051 |
| Oct 31, 2009 | $0.052 |
| Sep 30, 2009 | $0.053 |
| Aug 31, 2009 | $0.054 |
| Jul 31, 2009 | $0.052 |
| Jun 30, 2009 | $0.049 |
| May 29, 2009 | $0.045 |
| Apr 30, 2009 | $0.041 |
| Mar 31, 2009 | $0.042 |
| Feb 27, 2009 | $0.037 |
| Jan 31, 2009 | $0.041 |
| Dec 23, 2008 | $0.007 |
LFRIX - Fund Manager Analysis
Managers
Jeffrey Lapin
Start Date
Tenure
Tenure Rank
Jul 27, 2012
8.44
8.4%
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
7.22
7.2%
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
4.75
4.8%
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
2.75
2.8%
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 |
|---|---|---|---|
| 0.15 | 25.69 | 5.64 | 1.84 |
