Morningstar

Lord Abbett Floating Rate I LFRIX

Morningstar Medalist Rating
Medalist Rating as of | See Lord Abbett Investment Hub
  • NAV / 1-Day Return 8.15  /  0.00
  • Total Assets 4.8 Bil
  • Adj. Expense Ratio
    0.600%
  • Expense Ratio 0.600%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity Low/Limited
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 8.68%
  • Effective Duration 0.24 years

USD | NAV as of Sep 26, 2024 | 1-Day Return as of Sep 26, 2024, 10:17 PM GMT+0

Morningstar’s Analysis LFRIX

Will LFRIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LFRIX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the LFRIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of LFRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The combination of an Average People Pillar rating and a Below Average Process Pillar rating limit Lord Abbett Floating Rate I to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the least expensive fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings LFRIX

More LFRIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

J P Morgan Securities Inc

4.58 243.0 Mil
Cash and Equivalents

J P Morgan Securities Inc

2.13 113.0 Mil
Cash and Equivalents

Invesco Senior Loan ETF

1.20 63.7 Mil
—

SPDR® Blackstone Senior Loan ETF

0.72 38.2 Mil
—

Boxer Parent Co Inc

0.71 37.9 Mil
Corporate

Cloud Software Group Inc

0.69 36.7 Mil
Corporate

Nuvei Technologies Corp

0.66 34.9 Mil
Corporate

Mcafee Corp

0.60 31.9 Mil
Corporate

Oryx Midstream Services Permian Basin Llc

0.59 31.2 Mil
Corporate

Jane Street Group Llc

0.59 31.2 Mil
Corporate

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