Nasdaq - Delayed Quote USD

Lord Abbett Investment Grade Fltng Rt F (LGRFX)

10.20
0.00
(0.00%)
At close: 8:06:26 AM EDT

Fund Summary

The fund will invest in various types of high quality, investment grade debt (or fixed income) securities. Under normal conditions, the fund will pursue 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.

Lord Abbett Investment Grade Fltng Rt F

JERSEY CITY NJ 7302
90 HUDSON STREET
201-827-2000

Fund Overview

Category Ultrashort Bond
Fund Family Lord Abbett
Net Assets 1.74B
YTD Return 1.40%
Yield 6.54%
Morningstar Rating --
Inception Date May 04, 2023

Fund Operations

Last Dividend 0.15
Last Cap Gain 0.00
Holdings Turnover 171.00%
Average for Category --

Fees & Expenses

Expense LGRFX Category Average
Annual Report Expense Ratio (net) 0.35% 0.44%
Prospectus Net Expense Ratio 0.35% --
Prospectus Gross Expense Ratio 1.40% --
Max 12b1 Fee -- --
Max Front End Sales Load -- 2.59%
Max Deferred Sales Load -- 1.21%
3 Yr Expense Projection 0 --
5 Yr Expense Projection 0 --
10 Yr Expense Projection 0 --

Management Information

Robert A. Lee, Lead Manager since April 18, 2023
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.

Morningstar Style Box

Morningstar Category

While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

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