Lord Abbett Floating Rate Fund Class A (LFRAX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with LFRAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to LFRAX
LFRAX charges 0.80% annually. There are 28 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | LFRAX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | LFRAX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | LFRAX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | LFRAX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | LFRAX vs LFRIX |
Best Risk-Adjusted Alternatives to LFRAX
LFRAX has a PortfoliosLab risk / return rank of 91. There are 6 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | LFRAX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 98 | — | Jun 2023 | LFRAX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | LFRAX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 97 | — | Feb 2006 | LFRAX vs SAMBX | |
| Delaware Floating Rate Fund | 95 | — | Feb 2010 | LFRAX vs DDFLX |
Top Performing LFRAX Alternatives (YTD)
LFRAX is at 1.82% YTD. There are 10 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.35%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Victory Floating Rate Fund | 3.35% | — | Dec 2009 | LFRAX vs RSFYX | |
| Federated Hermes Project and Trade Finance Tender ... | 2.83% | — | Jan 2017 | LFRAX vs XPTFX | |
| Virtus Seix Floating Rate High Income Fund | 2.69% | — | Feb 2006 | LFRAX vs SAMBX | |
| PGIM Floating Rate Income Fund | 2.29% | — | Mar 2011 | LFRAX vs FRFZX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 2.09% | — | Jun 2023 | LFRAX vs CAPIX |
Lowest Volatility Alternatives to LFRAX
LFRAX has 2.34% 1-year volatility. There are 20 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.77%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.77% | — | Sep 2016 | LFRAX vs RCRIX | |
| Payden Floating Rate Fund | 1.23% | — | Nov 2013 | LFRAX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.34% | — | Sep 2013 | LFRAX vs DFLYX | |
| Shenkman Capital Floating Rate High Income Fund | 1.66% | — | Oct 2014 | LFRAX vs SFHIX | |
| Donoghue Forlines Risk Managed Income Fund | 1.67% | — | Dec 2017 | LFRAX vs FLOTX |
Lowest Drawdown Alternatives to LFRAX
LFRAX has a 1-year max drawdown of -1.46%. There are 20 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | LFRAX vs RCRIX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | LFRAX vs SAMBX | |
| PGIM Floating Rate Income Fund | -0.85% | — | Mar 2011 | LFRAX vs FRFZX | |
| Calvert Floating-Rate Advantage Fund | -0.88% | — | Oct 2017 | LFRAX vs CFOIX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | LFRAX vs PSFIX |
Other Mutual Funds from Lord Abbett
The 10 most viewed Lord Abbett mutual funds shown here include LLDYX, LALDX, LAFFX and span 8 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Lord Abbett Short Duration Income Fund | Total Bond Market | 77 | 1.04% | — | Oct 2004 | LFRAX vs LLDYX | |
| Lord Abbett Short Duration Income Fund | Short-Term Bond | 69 | 0.96% | — | Nov 1993 | LFRAX vs LALDX | |
| Lord Abbett Affiliated Fund | Large Cap Value Equities | 56 | 8.99% | — | Jan 1950 | LFRAX vs LAFFX | |
| Lord Abbett Short Duration High Yield Fund | High Yield Bonds | 82 | 2.37% | — | May 2020 | LFRAX vs LSYAX | |
| Lord Abbett Short Duration High Yield Fund | High Yield Bonds | 85 | 2.55% | — | Apr 2020 | LFRAX vs LSYIX | |
| Lord Abbett Bond Debenture Fund | Multisector Bonds | 51 | 1.63% | — | Mar 1971 | LFRAX vs LBNDX | |
| Lord Abbett High Yield Fund | High Yield Bonds | 69 | 1.86% | — | Dec 1998 | LFRAX vs LHYAX | |
| Lord Abbett Ultra Short Bond Fund | Ultrashort Bond | 98 | 1.44% | — | Oct 2016 | LFRAX vs LUBYX | |
| Lord Abbett Growth Leaders Fund | Large Cap Growth Equities | 18 | 10.33% | — | Jun 2011 | LFRAX vs LGLIX | |
| Lord Abbett Mid Cap Stock Fund | Mid Cap Value Equities | 44 | 9.45% | — | Jun 1983 | LFRAX vs LAVLX |
Often Compared With LFRAX
Investors most often compare LFRAX with FFRHX, LAGWX. These 2 comparison targets span 2 categories, based on PortfoliosLab usage data.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Fidelity Floating Rate High Income Fund | High Yield Bonds | 93 | 2.16% | — | Aug 2000 | LFRAX vs FFRHX | |
| Lord Abbett Developing Growth Fund | Small Cap Growth Equities | 68 | 29.96% | — | Oct 1973 | LFRAX vs LAGWX |
Compare LFRAX with Any Fund or Stock
Compare LFRAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair LFRAX with funds that move differently
Lord Abbett Floating Rate Fund Class A alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to LFRAX.
Explore LFRAX Diversifiers