Lord Abbett Floating Rate Fund (LFRIX)
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.
Fund Info
US5439161341
Dec 30, 2007
$1,000,000
Expense Ratio
LFRIX features an expense ratio of 0.60%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lord Abbett Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lord Abbett Floating Rate Fund had a return of 0.50% year-to-date (YTD) and 8.81% in the last 12 months. Over the past 10 years, Lord Abbett Floating Rate Fund had an annualized return of 4.47%, while the S&P 500 had an annualized return of 11.29%, indicating that Lord Abbett Floating Rate Fund did not perform as well as the benchmark.
LFRIX
0.50%
0.38%
4.38%
8.81%
4.74%
4.47%
^GSPC (Benchmark)
4.22%
2.22%
9.51%
22.46%
12.74%
11.29%
Monthly Returns
The table below presents the monthly returns of LFRIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.63% | 0.50% | |||||||||||
| 2024 | 1.37% | 0.95% | 0.24% | 1.44% | 0.95% | -0.49% | 1.46% | -0.12% | 1.45% | 0.91% | 0.79% | 0.53% | 9.89% |
| 2023 | 3.10% | 0.55% | 0.03% | 0.25% | 0.67% | 2.35% | 1.35% | 1.01% | 0.12% | 0.48% | 1.49% | 0.87% | 12.94% |
| 2022 | 0.18% | -0.55% | 0.33% | -0.60% | -2.01% | -2.62% | 1.66% | 1.67% | -2.01% | 1.08% | 1.09% | -0.51% | -2.38% |
| 2021 | 0.72% | 0.71% | 0.43% | 0.43% | 0.48% | 0.94% | -0.47% | 0.82% | 0.81% | -0.24% | -0.06% | 0.79% | 5.48% |
| 2020 | 0.32% | -1.98% | -14.17% | 2.79% | 3.87% | 0.66% | 1.94% | 1.53% | 0.48% | 0.24% | 2.61% | 1.57% | -1.47% |
| 2019 | 2.03% | 1.59% | -0.05% | 1.60% | -0.40% | 0.37% | 0.73% | -0.41% | 0.47% | -0.78% | 0.66% | 1.58% | 7.59% |
| 2018 | 1.07% | 0.05% | 0.21% | 0.55% | 0.12% | 0.00% | 0.79% | 0.35% | 0.67% | -0.18% | -1.06% | -2.52% | 0.00% |
| 2017 | 0.51% | 0.50% | -0.14% | 0.38% | 0.38% | -0.16% | 0.72% | -0.04% | 0.49% | 0.72% | 0.16% | 0.38% | 3.98% |
| 2016 | -0.52% | -0.18% | 2.48% | 1.86% | 0.86% | 0.08% | 1.30% | 0.87% | 0.71% | 0.60% | 0.38% | 1.26% | 10.11% |
| 2015 | 0.17% | 1.54% | 0.39% | 0.80% | 0.18% | -0.26% | -0.05% | -0.48% | -0.61% | 0.17% | -0.72% | -0.52% | 0.59% |
| 2014 | 0.49% | 0.23% | 0.27% | 0.20% | 0.42% | 0.62% | -0.20% | 0.32% | -0.65% | 0.18% | 0.37% | -1.12% | 1.14% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, LFRIX is among the top 2% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Floating Rate Fund (LFRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Floating Rate Fund provided a 8.30% dividend yield over the last twelve months, with an annual payout of $0.68 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.68 | $0.69 | $0.68 | $0.41 | $0.34 | $0.39 | $0.51 | $0.49 | $0.43 | $0.43 | $0.42 | $0.45 |
Dividend yield | 8.30% | 8.40% | 8.36% | 5.22% | 4.01% | 4.64% | 5.71% | 5.61% | 4.66% | 4.63% | 4.74% | 4.90% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Floating Rate Fund. 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.05 | $0.05 | $0.05 | $0.69 |
| 2023 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.06 | $0.68 |
| 2022 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.41 |
| 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 | $0.34 |
| 2020 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.39 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.51 |
| 2018 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.49 |
| 2017 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2016 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.43 |
| 2015 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.42 |
| 2014 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.45 |
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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Floating Rate Fund. 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 was 24.37%, occurring on Dec 17, 2008. Recovery took 187 trading sessions.
The current Lord Abbett Floating Rate Fund drawdown is 0.12%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -24.37% | Jun 20, 2008 | 125 | Dec 17, 2008 | 187 | Sep 16, 2009 | 312 |
| -21.76% | Jan 23, 2020 | 42 | Mar 23, 2020 | 262 | Apr 5, 2021 | 304 |
| -6.72% | Dec 20, 2007 | 36 | Feb 12, 2008 | 55 | May 1, 2008 | 91 |
| -6.23% | Aug 2, 2011 | 19 | Aug 26, 2011 | 99 | Jan 19, 2012 | 118 |
| -5.89% | Jan 24, 2022 | 113 | Jul 5, 2022 | 147 | Jan 31, 2023 | 260 |
Volatility
Volatility Chart
The current Lord Abbett Floating Rate Fund volatility is 0.71%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.