- Issuer
- Lord Abbett
- Inception Date
- Dec 31, 2007
- Region
- North America (U.S.)
- Category
- Bank Loan
- Leveraged
- 1x (No leverage)
- Index Tracked
- No Index (Active)
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
LFRAX Performance Chart
Lord Abbett Floating Rate Fund Class A (LFRAX) is up 1.6% since the beginning of the year. LFRAX is currently trading at $8 per share. Investors who bought $1,000 worth of LFRAX shares 5 years ago would now be looking at an investment worth $1,288.
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Returns By Period
Lord Abbett Floating Rate Fund Class A (LFRAX) has returned 1.56% so far this year and 5.98% over the past 12 months. Over the last ten years, LFRAX has returned 4.36% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.
Lord Abbett Floating Rate Fund Class A
- 1D
- 0.00%
- 1M
- 0.40%
- YTD
- 1.56%
- 6M
- 2.13%
- 1Y
- 5.98%
- 3Y*
- 7.43%
- 5Y*
- 5.19%
- 10Y*
- 4.36%
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LFRAX Monthly Returns History
Based on dividend-adjusted daily data since Dec 18, 2007, LFRAX's average daily return is +0.02%, while the average monthly return is +0.33%. At this rate, an investment would double in approximately 17.5 years.
Historically, 76% of months were positive and 24% were negative. The best month was Jan 2009 with a return of +6.9%, while the worst month was Mar 2020 at -14.3%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 7 months.
On a daily basis, LFRAX closed higher 26% of trading days. The best single day was Mar 26, 2020 with a return of +2.9%, while the worst single day was Mar 18, 2020 at -3.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.04% | -0.88% | 0.61% | 1.27% | 0.78% | -0.25% | 1.56% | ||||||
| 2025 | 0.61% | 0.19% | -0.38% | -0.37% | 1.62% | 0.83% | 0.68% | 0.46% | 0.59% | 0.46% | 0.56% | 0.68% | 6.09% |
| 2024 | 0.73% | 0.94% | 0.99% | 0.66% | 0.81% | -0.37% | 0.70% | 0.59% | 0.69% | 0.76% | 0.89% | 0.39% | 8.07% |
| 2023 | 2.30% | 0.54% | 0.14% | 0.91% | -0.16% | 2.47% | 1.21% | 1.12% | 0.71% | -0.99% | 1.48% | 1.60% | 11.89% |
| 2022 | 0.17% | -0.56% | 0.30% | -0.17% | -2.45% | -2.98% | 1.66% | 1.34% | -2.62% | 1.07% | 1.19% | 0.16% | -3.00% |
| 2021 | 1.06% | 0.68% | 0.07% | 0.42% | 0.69% | 0.68% | -0.26% | 0.57% | 0.68% | 0.20% | -0.40% | 0.66% | 5.16% |
Benchmark Metrics
Lord Abbett Floating Rate Fund Class A has an annualized alpha of 3.39%, beta of 0.05, and R2 of 0.07 versus S&P 500 Index. Calculated based on daily prices since December 18, 2007.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (21.42%) than losses (19.45%) - typical of diversified or defensive assets.
- Beta of 0.05 may look defensive, but with R2 of 0.07 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
- R2 of 0.07 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 3.39%
- Beta
- 0.05
- R²
- 0.07
- Upside Capture
- 21.42%
- Downside Capture
- 19.45%
Expense Ratio
LFRAX has an expense ratio of 0.80%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LFRAX ranks 91 for risk / return — in the top 91% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lord Abbett Floating Rate Fund Class A (LFRAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LFRAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.54 | ||
| Sortino ratioReturn per unit of downside risk | +3.44 | ||
| Omega ratioGain probability vs. loss probability | 2.04 | 1.37 | +0.67 |
| Calmar ratioReturn relative to maximum drawdown | 4.11 | 2.78 | +1.33 |
| Martin ratioReturn relative to average drawdown | 14.67 | 12.44 | +2.23 |
Dividends
Dividend History
Lord Abbett Floating Rate Fund Class A provided a 6.70% dividend yield over the last twelve months, with an annual payout of $0.54 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.56 | $0.61 | $0.61 | $0.30 | $0.32 | $0.37 | $0.49 | $0.47 | $0.41 | $0.41 | $0.40 |
Dividend yield | 6.70% | 7.00% | 7.49% | 7.47% | 3.81% | 3.83% | 4.43% | 5.51% | 5.40% | 4.46% | 4.45% | 4.52% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Floating Rate Fund Class A. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.00 | $0.21 | ||||||
| 2025 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.56 |
| 2024 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.00 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.61 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.00 | $0.06 | $0.06 | $0.61 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.04 | $0.04 | $0.05 | $0.30 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Floating Rate Fund Class A. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lord Abbett Floating Rate Fund Class A was 28.54%, occurring on Dec 16, 2008. Recovery took 327 trading sessions.
The current Lord Abbett Floating Rate Fund Class A drawdown is 0.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -28.54%Dec 2008 | 12mo 3d | 1y 3mo | 2y 3moDec 2007 - Apr 2010 |
COVID crash2020 | -21.78%Mar 2020 | 2mo 2d | 1y 1mo | 1y 3moJan 2020 - Apr 2021 |
Bear market2022 | -6.41%Jul 2022 | 5mo 15d | 9mo 27d | 1y 3moJan 2022 - Apr 2023 |
2011 pullback2011 | -6.13%Aug 2011 | 23d | 4mo 27d | 5mo 20dAug 2011 - Jan 2012 |
Rate-hike selloffLate 2018 | -4.35%Dec 2018 | 2mo 18d | 3mo 9d | 5mo 27dOct 2018 - Apr 2019 |
Drawdown Indicators
| LFRAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.54% | -56.78% | +28.24% |
Max Drawdown (1Y)Largest decline over 1 year | -1.46% | -9.10% | +7.64% |
Max Drawdown (3Y)Largest decline over 3 years | -2.61% | -18.90% | +16.29% |
Max Drawdown (5Y)Largest decline over 5 years | -6.41% | -25.43% | +19.02% |
Max Drawdown (10Y)Largest decline over 10 years | -21.78% | -33.92% | +12.14% |
Current DrawdownCurrent decline from peak | -0.25% | -1.80% | +1.55% |
Average DrawdownAverage peak-to-trough decline | -2.09% | -10.71% | +8.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.41% | 2.03% | -1.62% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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