LFROX – Lord Abbett Floating Rate F3 Investment Strategy | Morningstar

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Strategy

The investment seeks a high level of current income. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LFRFX	Lord Abbett Floating Rate Fund Class F	No Load	Open			Dec 31, 2007	$119.83M	0.710%	Below Average	$0	−$30.35M
LFROX	Lord Abbett Floating Rate Fund Class F3	No Load	Open			Apr 4, 2017	$106.32M	0.540%	Low	$0	$9.13M
LFRIX	Lord Abbett Floating Rate Fund Class I	Institutional	Open			Dec 31, 2007	$2.97B	0.610%	Low	$1M	$223.12M
LFRAX	Lord Abbett Floating Rate Fund Class A	Front Load	Open			Dec 31, 2007	$1.34B	0.810%	Low	$1,500	−$173.67M
LARCX	Lord Abbett Floating Rate Fund Class C	Level Load	Open			Dec 31, 2007	$174.50M	1.430%	Low	$1,500	−$54.14M
LRRVX	Lord Abbett Floating Rate Fund Class R6	Retirement, Large	Open			Jun 30, 2015	$48.19M	0.540%	Low	$0	$1.09M
LRRTX	Lord Abbett Floating Rate Fund Class R5	Retirement, Large	Open			Jun 30, 2015	$3.18M	0.610%	Low	$0	$430,878.83
LRRRX	Lord Abbett Floating Rate Fund Class R3	Retirement, Medium	Open			Dec 31, 2007	$70.58M	1.110%	Below Average	$0	−$4.47M
LRRKX	Lord Abbett Floating Rate Fund Class R4	Retirement, Medium	Open			Jun 30, 2015	$1.34M	0.860%	Low	$0	$67,786.13
LFRRX	Lord Abbett Floating Rate Fund Class R2	Retirement, Small	Open			Dec 31, 2007	$635,039.00	1.210%	Low	$0	−$159,429.84

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