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 has an expense ratio of 0.60%, placing it in the medium range.
Share Price Chart
Loading data...
Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
Performance Chart
Loading data...
Returns By Period
Lord Abbett Floating Rate Fund (LFRIX) returned 1.23% year-to-date (YTD) and 6.63% over the past 12 months. Over the past 10 years, LFRIX returned 4.35% annually, underperforming the S&P 500 benchmark at 10.84%.
LFRIX
1.23%
1.78%
2.44%
6.63%
8.17%
7.18%
4.35%
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
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% | 0.20% | -0.49% | -0.36% | 1.25% | 1.23% | |||||||
| 2024 | 1.37% | 0.95% | 0.25% | 1.44% | 0.95% | -0.49% | 1.46% | -0.12% | 1.45% | 0.91% | 0.12% | 1.19% | 9.88% |
| 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% | 0.32% | -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% | 1.93% | 1.53% | 0.48% | 0.24% | 2.61% | 1.57% | -1.48% |
| 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% | 0.06% | 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 | 0.16% | 1.54% | 0.39% | 0.80% | 0.18% | -0.26% | -0.05% | -0.48% | -0.61% | 0.17% | -0.72% | -0.51% | 0.59% |
| 2014 | 0.48% | 0.23% | 0.28% | 0.20% | 0.42% | 0.62% | -0.20% | 0.32% | -0.64% | 0.18% | 0.37% | -1.11% | 1.15% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 95, LFRIX is among the top 5% 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.
Loading data...
Dividends
Dividend History
Lord Abbett Floating Rate Fund provided a 8.06% dividend yield over the last twelve months, with an annual payout of $0.65 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 | $0.65 | $0.69 | $0.68 | $0.41 | $0.34 | $0.39 | $0.51 | $0.49 | $0.43 | $0.43 | $0.42 | $0.45 |
Dividend yield | 8.06% | 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 | $0.05 | $0.05 | $0.05 | $0.00 | $0.20 | |||||||
| 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.
Loading data...
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.
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 chart below shows the rolling one-month volatility.
Loading data...