Floating Rate High Income Fund | Lord Abbett

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Floating Rate High Income Fund

Summary

Summary

What is the Floating Rate High Income Fund?

The Fund seeks a high level of current income.

A LEADER IN CREDIT

Managed by an investment team with proven capabilities across leveraged credit and structured product sectors.

AN EXPANDED OPPORTUNITY SET

Potential for enhanced yield and return in less liquid sectors of fixed income markets through an interval fund structure.

ENHANCED CARRY

Ability to earn greater income through a combination of select high conviction investment ideas and thoughtful incorporation of leverage.

Fund Basicsas of 08/31/2023

Total Net Assets
$10.73 M
Total Managed Assets
$13.98 M
Inception Date
01/26/2023
Dividend Frequency
Monthly (Daily Accrual)
Fund Gross Expense Ratio
4.10%
Fund Net Expense Ratio
0.25%
Minimum Initial Investment

Fund Expense Ratio :

Gross 4.10%

Net 0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/10/2023
w/o sales charge - - - - - 7.62%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index - - - - - 7.64%

Fund Expense Ratio :

Gross 4.10%

Net 0.25%

Fund Expense Ratio :

Gross 4.10%

Net 0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/10/2023
w/o sales charge - - - - - 4.44%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index - - - - - 5.04%

Fund Expense Ratio :

Gross 4.10%

Net 0.25%

 

LEAD PORTFOLIO MANAGERS

Rocco-Steve_headshot

Steven F. Rocco, CFA
Partner, Co-Head of Taxable Fixed Income
22 Years of Industry Experience

Kang-Eric_headshot

Eric Kang
Managing Director, Portfolio Manager
24 Years of Industry Experience

Gizzo-Christopher_headshot

Christopher Gizzo, CFA
Partner, Deputy Director of Leveraged Credit
15 Years of Industry Experience

Posner-Kearney_headshot

Kearney M. Posner, CFA
Partner, Portfolio Manager
24 Years of Industry Experience

Supported By 61 Investment Professionals with 16 Years Avg. Industry Experience

Portfolio

Portfolio

Type Assets
Bank Loans
High Yield Bonds
ABS
Other
Cash
Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years

Credit Quality Distribution as of 08/31/2023

Rating Assets
BB
B
<B
Not Rated

Portfolio Details as of 08/31/2023

Total Net Assets
$10.73 M
Average Effective Duration
0.26 Years
Average Life
4.33 Years
Average Maturity
4.48 Years
Number of Issues
198
Average Yield to Maturity
9.15%

Performance

Performance

Fund Expense Ratio :

Gross 4.10%

Net 0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/10/2023
w/o sales charge - - - - - 7.62%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index - - - - - 7.64%
w/ sales charge - - - - - 7.62%

Fund Expense Ratio :

Gross 4.10%

Net 0.25%

Fund Expense Ratio :

Gross 4.10%

Net 0.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/10/2023
w/o sales charge - - - - - 4.44%
Lipper Category Avg. - - - - - -
CS Leveraged Loan Index - - - - - 5.04%

Fund Expense Ratio :

Gross 4.10%

Net 0.25%

NAV Historical Prices

Date Net Asset Value

Fees & Expenses

Fees & Expenses

Expense Ratio

Fund Gross Expense Ratio Fund Net Expense Ratio
4.10% 0.25%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Repurchase Calendar
Publish Date:11/03/2015

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