LFRAX | Floating Rate Fund Class A | Lord Abbett

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Floating Rate Fund

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Daily price w/o sales charge as of 05/12/2026

$8.00

$0.00

YTD Returns w/o sales charge as of 05/12/2026

1.49%

Overall Morningstar Ratings

Bank Loan
as of 04/30/2026

Morningstar rated the Lord Abbett Floating Rate Fund class A share 4, 4 and 3 stars among 202, 191 and 165 Bank Loan Funds for the overall rating and the 3, 5 and 10 year periods ended 4/30/2026, respectively.

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Floating Rate Fund?

The Fund seeks to deliver a high level of current income by investing primarily in a variety of below investment grade loans.

 

HISTORY OF CREDIT RESEARCH

Brings a 45-year heritage of high-yield credit investing, based on rigorous, fundamental credit research.

ATTRACTIVE INCOME & LOW EXPENSES

Has provided attractive income and lower expenses relative to its Morningstar peer group category average.‡

ATTRACTIVE RETURN FOR RISK

Has offered a track record of strong performance versus peers in up and down markets, demonstrating the strength of this active approach as a core bank loan holding over a full market cycle.

Yield

Average Yield to Maturity as of 04/30/2026

7.84%

Distribution Yield as of 05/12/2026  

6.03%

30-Day Standardized Yield 1 as of 04/30/2026  

  Subsidized2 Un-Subsidized3
w/o sales charge 5.90% 5.89%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

Fund Basicsas of 04/30/2026

Total Net Assets
$4.28 B
Inception Date
12/31/2007
Dividend Frequency
Monthly
Fund Gross Expense Ratio
0.81%
Fund Net Expense Ratio
0.81%
Number of Holdings
438
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

Gross 0.81%

Net 0.81%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 1.02% 7.10% 8.10% 5.79% 4.62% 4.38%
Lipper Category Avg. Loan Participation Funds 0.82% 5.79% 7.24% 5.02% 4.48% -
Morningstar LSTA US Leveraged Loan Index 0.73% 6.22% 8.08% 6.09% 5.53% 5.09%
w/ sales charge -1.30% 4.73% 7.30% 5.32% 4.38% 4.25%

Fund Expense Ratio :

Gross 0.81%

Net 0.81%

Fund Expense Ratio :

Gross 0.81%

Net 0.81%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge -0.24% 5.36% 7.98% 5.61% 4.68% 4.33%
Lipper Category Avg. Loan Participation Funds -0.35% 4.36% 7.14% 4.88% 4.54% -
Morningstar LSTA US Leveraged Loan Index -0.55% 4.81% 8.00% 5.93% 5.61% 5.04%
w/ sales charge -2.54% 2.93% 7.17% 5.14% 4.45% 4.20%

Fund Expense Ratio :

Gross 0.81%

Net 0.81%

Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. 

Type Assets
Bank Loans
High Yield Bonds
Equity
CLO
Other
Investment Grade Bonds
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Maturity Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 04/30/2026 View Portfolio

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings provided by Standard & Poor’s and Moody’s. Where the rating agencies rate a security differently, Lord Abbett uses the lower credit rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non investment grade bonds (junk bonds) involve higher risks than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the  fund or its shares. Ratings may be subject to change. 

INVESTMENT TEAM

Kearney M. Posner
Kearney M. Posner, CFA

Partner, Portfolio Manager

27 Years of Industry Experience

Christopher Gizzo
Christopher Gizzo, CFA

Partner, Deputy Director of Leveraged Credit

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner, Co-Head of Taxable Fixed Income

35 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner, Co-Head of Taxable Fixed Income

25 Years of Industry Experience

Alexander L. Green
Alexander L. Green, CFA

Portfolio Manager

11 Years of Industry Experience

Supported By 110 Investment Professionals with 16 Years Avg. Industry Experience

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Performance

Performance

Average Yield to Maturity as of 04/30/2026

7.84%

Distribution Yield as of 05/12/2026  

6.03%

30-Day Standardized Yield 1 as of 04/30/2026  

  Subsidized2 Un-Subsidized3
w/o sales charge 5.90% 5.89%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.81%

Net 0.81%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge 1.02% 7.10% 8.10% 5.79% 4.62% 4.38%
Lipper Category Avg. Loan Participation Funds 0.82% 5.79% 7.24% 5.02% 4.48% -
Morningstar LSTA US Leveraged Loan Index 0.73% 6.22% 8.08% 6.09% 5.53% 5.09%
w/ sales charge -1.30% 4.73% 7.30% 5.32% 4.38% 4.25%

Fund Expense Ratio :

Gross 0.81%

Net 0.81%

Fund Expense Ratio :

Gross 0.81%

Net 0.81%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2007
w/o sales charge -0.24% 5.36% 7.98% 5.61% 4.68% 4.33%
Lipper Category Avg. Loan Participation Funds -0.35% 4.36% 7.14% 4.88% 4.54% -
Morningstar LSTA US Leveraged Loan Index -0.55% 4.81% 8.00% 5.93% 5.61% 5.04%
w/ sales charge -2.54% 2.93% 7.17% 5.14% 4.45% 4.20%

Fund Expense Ratio :

Gross 0.81%

Net 0.81%

Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. 

Year Fund Returns Morningstar LSTA US Leveraged Loan Index
2025 6.05% 5.90%
2024 8.79% 8.95%
2023 12.64% 13.32%
2022 -1.84% -0.77%
2021 5.13% 5.20%
2020 -1.70% 3.12%
2019 7.34% 8.64%
2018 -0.23% 0.44%
2017 3.86% 4.12%
2016 9.89% 10.16%
2015 0.35% -
2014 0.93% -
2013 5.89% -
2012 10.12% -
2011 1.44% -
2010 8.18% -
2009 32.26% -
2008 -21.31% -
Year Q1 Q2 Q3 Q4
2026 -0.24% - - -
2025 0.41% 2.08% 1.73% 1.70%
2024 2.66% 1.82% 1.98% 2.05%
2023 2.98% 3.23% 3.05% 2.83%
2022 -0.09% -5.20% 1.23% 2.38%
2021 1.82% 1.80% 0.98% 0.44%
2020 -15.76% 7.54% 3.79% 4.54%
2019 3.41% 1.64% 0.61% 1.51%
2018 1.17% 0.72% 1.76% -3.78%
2017 0.92% 0.44% 1.12% 1.33%
2016 1.72% 2.77% 2.98% 2.09%
2015 2.05% 0.66% -1.09% -1.24%
2014 1.05% 1.08% -0.58% -0.61%
2013 2.52% 0.35% 1.21% 1.69%
2012 4.06% 0.57% 3.39% 1.78%
2011 1.85% 0.34% -3.95% 3.35%
2010 3.07% -0.89% 3.23% 2.59%
2009 8.97% 11.57% 6.33% 2.31%
2008 -3.34% 4.10% -5.05% -17.64%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 04/30/2026

The chart begins on the Fund's inception date of 12/31/2007.

Based on a hypothetical Class A share investment of $10,000 on 12/31/2007 without sales charge and includes the reinvestment of all distributions.

 

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Bank Loans
High Yield Bonds
Equity
CLO
Other
Investment Grade Bonds
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-3 years
3-5 years
5-7 years
7-10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 04/30/2026

Rating Assets
BBB
BB
B
<B
Not Rated

Ratings provided by Standard & Poor’s and Moody’s. Where the rating agencies rate a security differently, Lord Abbett uses the lower credit rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non investment grade bonds (junk bonds) involve higher risks than investment grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the  fund or its shares. Ratings may be subject to change. 

Portfolio Details as of 04/30/2026

Total Net Assets
$4.28 B
Average Effective Duration
0.21 Years
Average Loan Size
$1.94 B
Average Maturity
4.27 Years
Average Spread
3.21
Average Modified Duration
0.40 Years
Number of Issues
438
Average Yield to Maturity
7.84%
Distribution Yield (as of 05/12/2026)
6.03%

To view definitions for the above Portfolio Details, Click here.

Yield to maturity (YTM) represents the expected total return on a bond (expressed as an annualized rate) based on the bond’s expected future cash flows, including coupon payments over the life of the bond and the bond’s principal value received at maturity.

Holding Coupon Maturity Assets
RBC DOMINION SECURITIES INC. 3.660% 04/01/2026 4.5%
Invesco Senior Loan ETF 0.000% 09/09/9999 1.3%
Alloy Finco Ltd 0.500% 03/06/2028 1.2%
Jane Street Group LLC 5.671% 12/15/2031 0.8%
AI Aqua Merger Sub Inc 6.415% 07/31/2028 0.7%
AAdvantage Loyalty IP Ltd 5.956% 04/20/2028 0.6%
Allied Universal Holdco LLC 6.925% 08/20/2032 0.6%
Hudson River Trading LLC 6.175% 03/18/2030 0.6%
Proofpoint Inc 6.673% 08/31/2028 0.6%
Great Outdoors Group LLC 6.925% 01/23/2032 0.6%
% of Total Assets 11.5%
Holding Coupon Maturity Assets
RBC DOMINION SECURITIES INC.3.660% 04/01/20264.5%
Invesco Senior Loan ETF0.000% 09/09/99991.3%
Alloy Finco Ltd0.500% 03/06/20281.2%
Jane Street Group LLC5.671% 12/15/20310.8%
AI Aqua Merger Sub Inc6.415% 07/31/20280.7%
AAdvantage Loyalty IP Ltd5.956% 04/20/20280.6%
Quikrete Holdings Inc5.915% 02/10/20320.6%
Hudson River Trading LLC6.175% 03/18/20300.6%
Great Outdoors Group LLC6.925% 01/23/20320.6%
Allied Universal Holdco LLC6.925% 08/20/20320.6%
Proofpoint Inc6.673% 08/31/20280.6%
Acrisure LLC6.675% 11/06/20300.6%
Madison IAQ LLC6.915% 05/06/20320.6%
Sedgwick Claims Management Services Inc6.167% 07/31/20310.5%
Belron Finance 2019 LLC5.660% 10/16/20310.5%
State Street Blackstone Senior Loan ETF0.000% 09/09/99990.5%
White Cap Supply Holdings LLC6.922% 10/29/20290.5%
Clydesdale Acquisition Holdings Inc6.915% 04/01/20320.5%
Masorange Finco PLC4.620% 03/25/20310.5%
Opal US LLC6.694% 04/23/20320.5%
Bayonne Energy Center LLC6.665% 10/01/20320.5%
RealPage Inc6.949% 04/24/20280.5%
EOC Borrower LLC6.428% 03/24/20320.5%
BCPE Empire Holdings Inc7.177% 12/29/20320.5%
Potomac Energy Center LLC6.415% 08/05/20320.5%
Proampac PG Borrower LLC7.660% 03/07/20330.5%
Rocket Software Inc7.423% 11/28/20280.5%
Tenneco Inc8.753% 11/17/20280.5%
Lackawanna Energy Center LLC6.665% 08/05/20320.5%
TK Elevator Midco GmbH5.299% 04/30/20300.4%
Heartland Dental LLC7.429% 08/25/20320.4%
Talen Energy Supply LLC6.185% 05/17/20300.4%
Central Parent LLC6.921% 07/06/20290.4%
McAfee Corp6.675% 03/01/20290.4%
Organon & Co5.925% 05/19/20310.4%
Azalea Topco Inc6.675% 04/30/20310.4%
Sophos Holdings LLC7.279% 03/05/20270.4%
Osaic Holdings Inc6.165% 08/02/20320.4%
GENMAB A/S/GENMAB FINANCE LLC6.250% 12/15/20300.4%
ACBL0.000% 09/09/99990.4%
Aretec Group Inc6.675% 08/09/20300.4%
Lsf12 Crown US Commercial Bidco LLC6.675% 12/02/20310.4%
Nouryon Finance BV6.915% 04/03/20280.4%
Mavis Tire Express Services Topco Corp6.700% 05/04/20280.4%
South Field Energy LLC6.675% 08/29/20310.4%
Garda World Security Corp6.425% 02/01/20290.4%
Harbor Freight Tools USA Inc5.920% 06/11/20310.4%
Azuria Water Solutions Inc6.425% 01/27/20330.4%
Compass Power Generation LLC6.915% 04/16/20290.4%
INEOS Styrolution Ludwigshafen GmbH3.892% 01/29/20270.4%
Hamilton Projects Acquiror LLC6.165% 05/30/20310.4%
First Eagle Holdings Inc7.173% 08/16/20320.4%
CMG Media Corp7.264% 06/18/20290.4%
Arcline FM Holdings LLC6.442% 06/24/20300.4%
Altice France SA7.790% 04/28/20280.4%
Peraton Corp7.515% 02/01/20280.4%
Pegasus Bidco BV6.437% 07/12/20290.4%
CPM Holdings Inc8.173% 09/28/20280.4%
Arches Buyer Inc7.029% 12/06/20270.4%
CoreLogic Inc7.279% 06/02/20280.4%
Reworld Holding Corp5.928% 01/15/20310.4%
Dayforce Bidco LLC6.665% 02/04/20330.4%
Berlin Packaging LLC6.918% 06/09/20310.4%
Veritiv Operating Co7.661% 11/29/20300.4%
ConnectWise LLC7.429% 09/29/20280.4%
AthenaHealth Group Inc6.418% 02/15/20290.4%
Boxer Parent Co Inc6.673% 07/30/20310.4%
Icon Parent Inc6.406% 11/13/20310.4%
TKO Worldwide Holdings LLC5.673% 11/21/20310.4%
Jump Financial LLC7.173% 02/26/20320.3%
EFS Cogen Holdings I LLC6.665% 08/05/20320.3%
OAK-Eagle Acquireco Inc7.173% 03/24/20330.3%
Sunrise Financing Partnership6.112% 02/17/20320.3%
VetStrategy Canada Holdings Inc7.419% 12/06/20280.3%
Gainwell Acquisition Corp7.792% 10/01/20270.3%
Clarios Global LP6.418% 01/28/20320.3%
Mister Car Wash Holdings Inc6.675% 03/27/20310.3%
OneDigital Borrower LLC6.668% 07/02/20310.3%
Gategroup US Finance Inc7.165% 06/10/20320.3%
Autokiniton US Holdings Inc7.792% 04/06/20280.3%
Bulldog Purchaser Inc6.915% 02/07/20330.3%
Cable One Inc5.779% 05/03/20280.3%
Caesars Entertainment Inc5.929% 02/06/20300.3%
BCPE Pequod Buyer Inc6.425% 11/25/20310.3%
Alera Group Inc6.425% 05/28/20320.3%
Directv Financing LLC9.180% 08/02/20290.3%
Viasat Inc8.165% 03/05/20290.3%
WH Borrower LLC8.156% 02/20/20320.3%
American Axle & Manufacturing Inc6.915% 02/03/20330.3%
PetSmart LLC7.680% 08/18/20320.3%
Level 3 Financing Inc8.500% 01/15/20340.3%
Cornerstone Generation LLC5.928% 08/11/20320.3%
CSC Holdings LLC4.500% 11/15/20310.3%
TK Elevator US Newco Inc6.415% 04/30/20300.3%
Skopima Consilio Parent LLC7.425% 05/17/20280.3%
Pasadena Performance Products LLC6.936% 02/27/20320.3%
PODS LLC6.934% 03/31/20280.3%
Primo Brands Corp6.418% 03/31/20310.3%
Telenet Financing USD LLC5.782% 04/28/20280.3%
Cloud Software Group Inc6.903% 08/16/20320.3%
DG Investment Intermediate Holdings 2 Inc6.927% 07/12/20320.3%
Jones Deslauriers Insurance Management Inc6.665% 02/02/20330.3%
LifePoint Health Inc7.422% 05/19/20310.3%
Node AcquiCo GmbH5.540% 08/04/20320.3%
Wash Bidco Inc6.915% 09/10/20320.3%
RVR Dealership Holdings LLC8.181% 02/28/20330.3%
DRW Holdings LLC7.181% 06/26/20310.3%
Ensemble RCM LLC6.665% 02/09/20330.3%
Global Medical Response Inc7.177% 09/20/20320.3%
Hexion Holdings Corp7.677% 03/15/20290.3%
TransDigm Inc6.187% 01/20/20320.3%
Altar Bidco Inc6.792% 02/01/20290.3%
BCPE North Star US Holdco 2 Inc7.779% 06/12/20280.3%
PAREXEL International Corp6.427% 12/12/20310.3%
UKG Inc6.173% 02/10/20310.3%
Rand Parent LLC6.660% 03/18/20300.3%
Ardonagh Group Finco Pty Ltd6.665% 02/18/20310.3%
Ellucian Holdings Inc6.168% 10/09/20290.3%
Fitness International LLC8.165% 02/12/20290.3%
Altium Packaging LLC6.170% 06/11/20310.3%
Star Parent Inc7.701% 09/30/20300.3%
Johnstone Supply LLC5.915% 06/09/20310.3%
Cotiviti Inc6.415% 05/01/20310.3%
Chariot Buyer LLC6.415% 09/08/20320.3%
Dermatology Intermediate Holdings III Inc7.917% 04/02/20290.3%
Storable Inc6.920% 04/16/20310.3%
Nexus Buyer LLC9.423% 01/14/20320.3%
TRQ Sales LLC6.923% 12/30/20320.3%
Allwyn Entertainment Financing US LLC6.171% 01/18/20330.3%
Alliant Holdings Intermediate LLC6.165% 09/19/20310.3%
Dexko Global Inc7.529% 10/04/20280.3%
Genesys Cloud Services Inc6.168% 01/30/20320.3%
Caesars Entertainment Inc5.929% 02/06/20310.3%
Conga Corp7.160% 05/08/20280.3%
Asurion LLC/ Asurion Co-Issuer Inc8.000% 12/31/20300.3%
Armor Holdco Inc7.425% 12/10/20310.3%
DTI Holdco Inc7.677% 04/26/20290.3%
Conair Holdings LLC7.543% 05/17/20280.3%
Tega MC Australia Holdings Pty Ltd7.173% 03/25/20330.3%
TransDigm Inc6.177% 08/19/20320.3%
Edelman Financial Engines Center LLC/The8.915% 10/06/20280.3%
CHG PPC Parent LLC6.779% 12/08/20280.3%
Evergreen Acqco 1 LP6.680% 09/17/20320.3%
INEOS US Finance LLC6.265% 11/09/20280.3%
Aggreko Holdings Inc6.665% 05/21/20310.3%
Emrld Borrower LP5.877% 05/31/20300.3%
Freeport LNG Investments LLLP6.918% 01/31/20330.3%
Alpha Generation LLC6.250% 01/15/20340.3%
Advancion Sciences Inc9.250% 11/01/20260.2%
Disco Parent Inc6.915% 08/06/20320.2%
GTCR Everest Borrower LLC6.165% 09/05/20310.2%
Indeck Niles LLC6.415% 03/09/20330.2%
Altice Financing SA7.108% 10/29/20270.2%
Finastra USA Inc7.673% 09/15/20320.2%
CHG Healthcare Services Inc6.414% 09/29/20280.2%
Bakelite US Holdco Inc7.437% 12/23/20310.2%
Paradigm Parent LLC8.168% 04/19/20320.2%
PointClickCare Technologies Inc6.419% 11/03/20310.2%
TransDigm Inc6.157% 02/28/20310.2%
DISH Network Corp11.750% 11/15/20260.2%
Mitchell International Inc6.675% 06/17/20310.2%
Colosseum Dental Finance BV5.621% 03/18/20320.2%
Cinemark USA Inc5.918% 05/24/20300.2%
Amentum Holdings Inc5.926% 09/29/20310.2%
Zelis Payments Buyer Inc6.428% 09/28/20290.2%
TruGreen LP7.765% 11/02/20270.2%
United PF Holdings LLC7.953% 12/30/20260.2%
Mamba Purchaser Inc6.425% 10/16/20310.2%
Loire Finco Luxembourg Sarl7.681% 01/28/20300.2%
Peer Holding III BV6.162% 07/01/20310.2%
Peloton Interactive Inc9.668% 05/30/20290.2%
Peer Holding III BV6.162% 10/28/20300.2%
Primo Brands Corp5.889% 03/31/20280.2%
Magnite Inc6.680% 02/06/20310.2%
Jupiter Borrower Inc6.423% 03/25/20330.2%
LBM Acquisition LLC9.500% 06/15/20310.2%
Mitchell International Inc8.928% 06/17/20320.2%
Nexstar Media Inc6.427% 03/21/20330.2%
Stonepeak Nile Parent LLC5.923% 04/09/20320.2%
Archrock Services LP / Archrock Partners Finance Corp6.000% 02/01/20340.2%
HUB International Ltd5.917% 06/20/20300.2%
Delta Topco Inc8.914% 11/29/20300.2%
Cushman & Wakefield US Borrower LLC6.425% 01/31/20300.2%
Asurion LLC7.425% 02/23/20330.2%
Cloud Software Group Inc6.903% 03/24/20310.2%
Tosca Services LLC5.278% 11/30/20280.2%
Priority Holdings LLC7.518% 07/30/20320.2%
Oryx Midstream Services Permian Basin LLC5.925% 10/05/20280.2%
SCIH Salt Holdings Inc6.407% 01/31/20290.2%
SeaWorld Parks & Entertainment Inc5.665% 12/04/20310.2%
Sinclair Television Group Inc7.877% 12/31/20300.2%
WCG Intermediate Corp6.415% 02/25/20320.2%
Arcwood Environmental Inc6.673% 03/21/20330.2%
Clover Holdings 2 LLC7.415% 12/09/20310.2%
Indy US Holdco LLC6.177% 10/31/20300.2%
Hopper Merger Sub Inc5.915% 01/14/20330.2%
Jefferson Capital Holdings LLC8.250% 05/15/20290.2%
Darktrace Finco US LLC6.942% 10/09/20310.2%
Albion Financing 1 SARL / Aggreko Holdings Inc7.000% 05/21/20290.2%
Zelis Payments Buyer Inc6.931% 11/26/20310.2%
Lightning Power LLC5.905% 08/18/20310.2%
Lsf12 Helix Parent LLC7.125% 02/01/20330.2%
Rohm Holding GmbH7.504% 01/29/20290.2%
OneSky Flight LLC6.428% 02/17/20330.2%
Recess Holdings Inc7.418% 02/20/20300.2%
Magnera Corp7.250% 11/15/20310.2%
UTEX INDUSTRIES0.000% 09/09/99990.2%
Venture Global Plaquemines LNG LLC5.904% 05/25/20290.2%
ADMI Corp9.426% 12/23/20270.2%
Amber Finco PLC5.328% 06/11/20290.2%
Bread Financial Holdings Inc8.375% 06/15/20300.2%
CRC Insurance Group LLC6.412% 05/06/20310.2%
JetBlue Airways Corp8.423% 08/27/20290.2%
Zegona Holdco Ltd4.372% 07/16/20290.2%
US Fertility Enterprises LLC7.173% 12/30/20320.2%
Star Holding LLC8.168% 07/31/20310.2%
SupplyOne Inc7.173% 04/21/20310.2%
Trivium Packaging Finance BV5.776% 05/28/20300.2%
Raven Acquisition Holdings LLC6.675% 11/20/20310.2%
Boxer Parent Co Inc9.423% 07/30/20320.2%
CD&R Firefly Bidco PLC8.476% 04/30/20290.2%
Gainwell Acquisition Corp12.854% 10/02/20280.2%
Hobbs & Associates LLC6.425% 07/23/20310.2%
Hunterstown Generation LLC6.669% 11/06/20310.2%
Cotiviti Inc7.625% 05/01/20310.2%
CP Atlas Buyer Inc9.750% 07/15/20300.2%
ACP Tara Holdings Inc6.923% 12/15/20320.2%
Vista Management Holding Inc7.442% 04/01/20310.2%
Rand Parent LLC8.500% 02/15/20280.2%
Ontario Gaming GTA LP7.942% 08/01/20300.2%
Olaplex Inc7.264% 02/23/20290.2%
Astoria Energy LLC5.925% 06/23/20320.2%
Bella Holding Co LLC6.668% 05/10/20280.2%
BCPE Empire Holdings Inc6.915% 12/26/20300.2%
Financiere Mendel SASU5.013% 11/13/20300.2%
Holding Socotec SAS4.999% 06/02/20310.2%
Virgin Media Bristol LLC7.004% 03/31/20310.2%
Vmed O2 UK Holdco 4 Ltd5.288% 01/24/20330.2%
Velocity Commercial Capital LLC9.375% 02/15/20300.2%
VistaJet Malta Finance PLC / Vista Management Holding Inc9.500% 06/01/20280.2%
Sharp Services LLC6.701% 09/29/20320.2%
Snacking Investments US LLC6.667% 10/29/20320.2%
Clue Opco LLC8.152% 12/19/20300.2%
CTEC II GmbH5.250% 02/15/20300.2%
Fugue Finance BV4.790% 01/09/20320.2%
CoorsTek Inc6.671% 10/28/20320.2%
Columbus McKinnon Corp/NY7.165% 02/03/20330.2%
Olympus Water US Holding Corp6.687% 06/23/20310.2%
Nexus Buyer LLC7.165% 07/31/20310.2%
Seaspan Corp5.500% 08/01/20290.2%
TransDigm Inc5.933% 03/22/20300.2%
TransDigm Inc6.125% 07/31/20340.2%
Recovery Solutions Parent LLC11.176% 01/28/20300.2%
Ballyrock CLO 28 Ltd6.468% 11/01/20330.2%
Dedalus Finance GmbH5.888% 05/31/20300.2%
Deuce Finco PLC5.650% 11/20/20320.2%
Brock Holdings III LLC9.664% 05/02/20300.2%
Capstone Borrower Inc6.421% 06/17/20300.2%
Golden State Foods LLC7.168% 12/04/20310.2%
Modena Buyer LLC7.914% 07/01/20310.2%
Swissport Stratosphere Usa LLC6.423% 04/25/20310.2%
Pioneer AcquisitionCo LLC6.926% 10/27/20320.2%
Western Alliance Bancorp3.000% 06/15/20260.2%
Software GmbH/the5.872% 09/16/20300.2%
Olympus Water US Holding Corp6.915% 11/03/20320.2%
Isolved Inc6.423% 10/15/20300.2%
CoreLogic Inc10.279% 06/04/20290.2%
Anastasia Parent LLC8.687% 06/24/20300.2%
Groundworks LLC7.173% 03/14/20310.2%
Delta Topco Inc6.421% 11/30/20290.2%
Examworks Bidco Inc6.165% 02/07/20330.2%
Project Boost Purchaser LLC6.429% 07/16/20310.2%
Park River Holdings Inc8.165% 03/17/20310.2%
MIC Glen LLC6.915% 07/21/20280.2%
Smyrna Ready Mix Concrete LLC6.678% 04/02/20290.2%
Techem Verwaltungsgesellschaft 675 mbH5.407% 07/16/20320.2%
Virgin Media Bristol LLC7.029% 01/31/20290.2%
Advance Auto Parts Inc7.000% 08/01/20290.2%
Midcap Financial Issuer Trust5.625% 01/15/20300.1%
OneDigital Borrower LLC8.915% 07/02/20320.1%
IMA Industria Macchine Automatiche SpA5.766% 04/15/20290.1%
Deep Blue Operating I LLC6.415% 10/01/20320.1%
Atlantic Avenue 2023-1 Ltd6.972% 08/09/20340.1%
Elvis UK Holdco Ltd5.658% 10/23/20310.1%
PG Polaris BidCo Sarl5.883% 03/26/20310.1%
Talen Energy Supply LLC6.172% 12/15/20310.1%
GPS Hospitality Holding Co LLC / GPS Finco Inc7.000% 08/15/20280.1%
Invenergy Thermal Operating I LLC6.427% 05/17/20320.1%
LBM Acquisition LLC7.515% 06/06/20310.1%
Boluda Towage SL5.440% 01/31/20300.1%
Ctec III GmbH5.749% 03/16/20320.1%
Dorna Sports SL4.756% 08/18/20320.1%
Green Infrastructure Partners Inc6.428% 09/24/20320.1%
FRONTERA GENERATION0.000% 09/09/99990.1%
Emrld Borrower LP5.916% 08/04/20310.1%
Darktrace Finco US LLC8.942% 10/12/20320.1%
Argent Bidco SAS5.274% 11/22/20320.1%
Blackstone Mortgage Trust Inc6.173% 12/10/20300.1%
Celanese US Holdings LLC7.000% 02/15/20300.1%
Ping Identity Holding Corp6.422% 11/15/20320.1%
Pro Mach Group Inc6.423% 10/18/20320.1%
Nexus Buyer LLC7.673% 07/31/20310.1%
Nidda Healthcare Holding GmbH5.578% 12/09/20320.1%
WBI Operating LLC6.250% 10/15/20290.1%
USALCO LLC7.167% 09/30/20310.1%
King US Bidco Inc5.311% 12/01/20320.1%
Reworld Holding Corp5.930% 01/15/20310.1%
Chrysaor Bidco Sarl6.917% 10/30/20310.1%
Cornerstone Building Brands Inc7.023% 04/12/20280.1%
Orion US Finco Inc7.165% 10/12/20320.1%
Pacific Dental Services LLC6.178% 03/17/20310.1%
Resonetics LLC6.423% 06/18/20310.1%
RECOVERY SOLUTIONS0.000% 09/09/99990.1%
Relativity Intermediate Holdco LLC6.418% 01/31/20330.1%
Victory Buyer LLC6.672% 02/14/20330.1%
Six Flags Entertainment Corp/Canada's Wonderland Co/Millennium Operations LLC8.625% 07/15/20300.1%
Tacala Investment Corp6.668% 01/31/20310.1%
Lsf12 Helix Parent LLC7.165% 02/10/20330.1%
Hunter Douglas Inc6.918% 01/20/20320.1%
Epicor Software Corp6.428% 05/30/20310.1%
Clover Holdings 2 LLC7.750% 12/09/20310.1%
Dragon Buyer Inc6.413% 09/30/20310.1%
DBR Land Holdings LLC6.250% 12/01/20290.1%
BCP VI Summit Holdings LP6.665% 01/30/20320.1%
Citco Funding LLC5.668% 01/31/20330.1%
Clearwater Analytics LLC5.880% 04/21/20320.1%
C&S Group Enterprises LLC5.000% 12/15/20280.1%
Alkermes Inc6.427% 08/12/20310.1%
Engineered Machinery Holdings Inc6.923% 11/26/20320.1%
FCG Acquisitions Inc6.915% 03/07/20330.1%
Frontdoor Inc5.927% 12/19/20310.1%
GIH Borrower LLC6.173% 11/26/20310.1%
JFL-Tiger Acquisition Co Inc7.435% 10/17/20300.1%
PRA Group Inc5.000% 10/01/20290.1%
OEP Glass Purchaser LLC7.677% 03/02/20330.1%
Park River Holdings Inc8.750% 12/31/20300.1%
Kodiak Gas Services LLC6.500% 10/01/20300.1%
Michaels Cos Inc/The8.665% 03/07/20330.1%
SM Energy Co6.625% 04/15/20310.1%
Starwood Property Mortgage LLC5.928% 09/24/20320.1%
Surgery Center Holdings Inc6.172% 12/19/20300.1%
Southern Veterinary Partners LLC6.168% 12/04/20310.1%
Amynta Agency Borrower Inc6.175% 12/29/20310.1%
PEX Holdings LLC6.423% 11/19/20310.1%
RealPage Inc7.433% 04/24/20280.1%
RHP Hotel Properties LP / RHP Finance Corp5.750% 03/15/20340.1%
Rockpoint Gas Storage Inc6.173% 09/18/20310.1%
GFL ES US LLC6.166% 03/03/20320.1%
Fertitta Entertainment LLC/NV6.928% 01/29/20290.1%
Arini US Clo III Ltd6.820% 12/15/20340.1%
Atlanticus Holdings Corp9.750% 09/01/20300.1%
Clarios Global LP6.173% 05/06/20300.1%
CWGS Group LLC6.279% 06/05/20280.1%
Cogentrix Finance Holdco I LLC5.926% 02/26/20320.1%
Genesis Energy LP / Genesis Energy Finance Corp6.750% 03/15/20340.1%
LFS Topco LLC8.750% 07/15/20300.1%
Six Flags Entertainment Corp5.665% 05/01/20310.1%
Rakuten Group Inc9.750% 04/15/20290.1%
Nouryon Finance BV6.911% 04/03/20280.1%
Cotiviti Inc6.423% 03/29/20320.1%
Altice France SA6.497% 10/31/20280.1%
New WPCC Parent LLC13.165% 05/09/20300.1%
WBI Operating LLC6.500% 10/15/20330.1%
Sweetwater Borrower LLC7.665% 02/11/20330.1%
Tank Holding Corp9.768% 03/31/20280.1%
ACProducts Holdings Inc6.375% 05/15/20290.1%
Financiere Mendel SASU6.423% 11/13/20300.1%
Cube Safety BidCo AB5.274% 02/21/20330.1%
Belron UK Finance PLC4.232% 10/16/20310.1%
Ardonagh Finco BV5.739% 02/18/20310.1%
Matador Resources Co6.000% 04/15/20340.1%
Interest Rate Swap3.000% 03/19/20300.1%
IMA Industria Macchine Automatiche SpA5.766% 04/15/20290.1%
Shift4 Payments LLC5.665% 07/06/20320.1%
Talen Energy Supply LLC5.679% 11/26/20320.1%
OAK-Eagle Acquireco Inc7.250% 07/01/20310.1%
Doncasters US Finance LLC10.175% 04/23/20300.1%
DG Investment Intermediate Holdings 2 Inc9.168% 07/29/20330.1%
Indicor LLC6.168% 11/23/20290.1%
Constant Contact Inc11.140% 02/12/20290.1%
New Frontera Holdings LLC5.173% 07/28/20280.1%
KKR CLO 26 Ltd6.972% 06/15/20310.1%
Peer USA LLC5.923% 10/14/20320.1%
LUXCO3 SHARES0.000% 09/09/99990.1%
Advantage Sales & Marketing Inc9.784% 04/18/20300.1%
Carroll County Energy LLC6.436% 06/30/20310.1%
Hanger Inc7.175% 10/23/20310.1%
Tank Holding Corp9.775% 03/31/20280.1%
Pegasus Bidco BV5.129% 07/12/20290.1%
Radar Bidco Sarl5.122% 04/25/20310.1%
Tank Holding Corp9.775% 03/31/20280.1%
Celsius Holdings Inc6.192% 04/01/20320.1%
Ocean Trails CLO XV Ltd6.922% 05/12/20350.1%
EW Scripps Co/The9.529% 06/30/20280.1%
Genmab A/S6.668% 12/13/20320.1%
Harvest US CLO 2025-2 Ltd7.118% 09/27/20340.1%
Dexko Global Inc7.931% 10/04/20280.1%
ACBL HLDG CORP0.000% 09/09/99990.1%
Lumen Technologies Inc5.375% 06/15/20290.1%
Sinclair Television Group Inc7.091% 12/31/20290.0%
Interest Rate Swap3.000% 03/19/20270.0%
Hanger Inc7.175% 10/23/20310.0%
Columbus McKinnon Corp/NY7.125% 02/01/20310.0%
FX USD/EUR 06/26- 06/05/20260.0%
Asurion LLC8.023% 08/21/20280.0%
CSC ServiceWorks East LLC9.105% 09/04/20300.0%
LifePoint Health Inc7.157% 05/19/20310.0%
Gainwell Acquisition Corp11.692% 10/01/20280.0%
South Field Energy LLC6.675% 08/29/20310.0%
Venture Global Plaquemines LNG LLC5.897% 05/25/20290.0%
Reworld Holding Corp5.930% 01/15/20310.0%
Interest Rate Swap1.220% 10/15/20290.0%
Interest Rate Swap1.225% 01/15/20300.0%
Fugue Finance LLC5.915% 01/09/20320.0%
Asurion LLC7.777% 08/21/20280.0%
Brock Holdings III LLC9.669% 05/02/20300.0%
FX USD/GBP 04/26- 04/24/20260.0%
Interest Rate Swap2.475% 10/01/20290.0%
Interest Rate Swap2.489% 08/01/20290.0%
Invenergy Thermal Operating I LLC6.427% 05/17/20320.0%
MARKIT CDX.NA.HY.45 12/30*5.000% 12/20/20300.0%
USALCO LLC7.167% 09/30/20310.0%
1011778 BC ULC7.189% 11/19/20260.0%
WhiteWater DBR HoldCo LLC7.343% 03/03/20310.0%
William Morris Endeavor Entertainment LLC7.181% 05/19/20250.0%
Windstream Services PE LLC4.750% 03/30/20210.0%
AI Aqua Merger Sub Inc8.053% 07/31/20280.0%
AppLovin Corp7.108% 08/18/20300.0%
AppLovin Corp7.108% 10/25/20280.0%
APX Group Inc5.075% 12/31/20250.0%
Total Return Swap3.655% 06/20/20260.0%
Total Return Swap3.631% 06/20/20260.0%
US 2YR NOTE (CBT) Jun260.000% 07/06/20260.0%
Sabre Industries Inc3.590% 04/15/20260.0%
SCIL USA Holdings LLC7.668% 10/29/20320.0%
South Field Energy LLC8.063% 08/29/20310.0%
Speed Midco 3 Sarl4.872% 10/01/20320.0%
Speedster Bidco GmbH6.673% 12/10/20310.0%
SS&C Technologies Inc6.189% 04/16/20250.0%
Miller's Ale House Inc9.063% 05/30/20250.0%
Motion Finco LLC8.577% 11/04/20260.0%
Nascar Holdings LLC6.294% 10/19/20260.0%
Nexstar Media Inc3.488% 01/17/20240.0%
Magnera Corp7.911% 11/04/20310.0%
Kenan Advantage Group Inc/The6.915% 01/25/20290.0%
Lightstone Holdco LLC9.402% 01/29/20270.0%
Resonetics LLC8.235% 06/18/20310.0%
Polaris Newco LLC6.122% 06/05/20280.0%
Oryx Midstream Services Permian Basin LLC7.440% 10/05/20280.0%
Interest Rate Swap4.007% 06/01/20280.0%
Jason Inc5.500% 06/30/20210.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
Dermatology Intermediate Holdings III Inc7.915% 04/02/20290.0%
CSC Holdings LLC7.683% 07/17/20250.0%
CSC ServiceWorks East LLC7.789% 09/04/20300.0%
CPPIB OVM Member US LLC5.925% 08/20/20310.0%
Four Seasons Hotels Ltd8.669% 11/30/20290.0%
EP Purchaser LLC7.279% 11/06/20280.0%
Engineered Machinery Holdings Inc7.661% 05/22/20280.0%
Colossus Acquireco LLC5.418% 07/30/20320.0%
Cloud Software Group Inc7.830% 03/29/20290.0%
Champions Financing Inc8.437% 02/23/20290.0%
CHG Healthcare Services Inc4.000% 06/07/20230.0%
CHINOS INTERMEDIATE 2 LLC0.000% 09/09/99990.0%
Advancion Holdings LLC7.778% 11/24/20270.0%
Altice France SA7.019% 10/01/20250.0%
Anywhere Real Estate Group LLC5.028% 10/10/20160.0%
Apex Group Treasury LLC7.173% 02/27/20320.0%
American Axle & Manufacturing Inc6.673% 12/13/20290.0%
Azuria Water Solutions Inc6.425% 01/27/20330.0%
Bellis Acquisition Co PLC6.123% 05/14/20310.0%
Asurion LLC5.372% 11/03/20230.0%
888 Acquisitions LLC8.914% 07/03/20280.0%
Javelin Buyer Inc6.418% 12/08/20310.0%
Lightstone Holdco LLC9.402% 01/29/20270.0%
Medline Borrower LP7.468% 10/23/20280.0%
Monitronics International Inc7.820% 09/30/20220.0%
Hunter US Bidco Inc8.018% 08/21/20280.0%
Husky Injection Molding Systems Ltd7.488% 02/15/20290.0%
Genesys Cloud Services Holdings II LLC9.326% 12/01/20270.0%
Garda World Security Corp5.638% 05/26/20240.0%
Hudson River Trading LLC8.125% 03/20/20280.0%
FX USD/EUR 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
FX EUR/USD 06/26- 06/05/20260.0%
Eyecare Partners LLC7.523% 11/15/20280.0%
Entain Holdings Gibraltar Ltd5.290% 06/30/20280.0%
First Eagle Holdings Inc7.173% 08/16/20320.0%
Flynn Restaurant Group LP7.418% 01/28/20320.0%
Fortna Group Inc9.128% 06/01/20290.0%
Cast & Crew LLC7.523% 12/29/20280.0%
Cervantes Bidco SL5.122% 12/16/20310.0%
Charter Next Generation Inc9.201% 12/01/20270.0%
CHG Healthcare Services Inc7.937% 09/29/20280.0%
Cloud Software Group Inc9.253% 03/24/20310.0%
AVSC Holding Corp8.153% 03/03/20250.0%
Bleriot US Bidco Inc9.710% 10/31/20260.0%
CQP Holdco LP8.841% 06/05/20280.0%
Constant Contact Inc7.902% 02/10/20280.0%
Cloudera Inc7.515% 10/10/20280.0%
Thermostat Purchaser III Inc8.268% 08/31/20280.0%
Total Return Swap3.631% 06/20/20260.0%
Total Return Swap3.631% 06/20/20260.0%
Somnigroup International Inc6.825% 10/24/20310.0%
South Field Energy LLC7.421% 08/29/20310.0%
Summer BC Holdco B SARL8.926% 02/21/20290.0%
Spin Holdco Inc7.657% 03/06/20280.0%
SPX FLOW Inc9.928% 04/05/20290.0%
SS&C Technologies Inc6.189% 04/16/20250.0%
SS&C Technologies Inc7.665% 03/22/20290.0%
Qsrp Finco Sarl5.763% 06/16/20310.0%
Renaissance Holdings Corp9.307% 04/01/20270.0%
Resilience Parent LLC6.176% 02/28/20330.0%
Rocket Software Inc9.566% 11/28/20250.0%
Raven Acquisition Holdings LLC6.652% 11/20/20310.0%
Select Medical Corp7.673% 03/05/20270.0%
Peer Holding III BV4.872% 11/24/20310.0%
Packaging Coordinators Midco Inc8.841% 11/30/20270.0%
Proampac PG Borrower LLC5.000% 11/03/20250.0%
Vision Solutions Inc7.669% 04/24/20280.0%
US Fertility Enterprises LLC7.173% 12/30/20320.0%
United PF Holdings LLC7.788% 12/30/20260.0%
Whatabrands LLC8.570% 08/03/20280.0%
WP CPP Holdings LLC9.133% 04/30/20250.0%
Wellpath Holdings Inc10.080% 10/01/20250.0%
Total Return Swap3.631% 06/20/20260.0%
Total Return Swap3.631% 06/20/20260.0%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Sector Allocationas of 04/30/2026

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Other arrowDown0.7%
Automobiles and Components arrowDown0.5%
Consumer Discretionary Distribution and Retail arrowDown0.3%
Food, Beverage and Tobacco arrowDown0.3%
Health Care Equipment and Services arrowDown0.1%
Insurance arrowUp0.1%
Financial Services arrowDown0.3%
Energy arrowUp0.1%
Technology Hardware and Equipment 0.0%
Consumer Durables and Apparel 0.0%
Commercial and Professional Services arrowDown0.6%
Utilities arrowUp0.7%
Software and Services arrowDown0.2%
Media and Entertainment arrowDown0.4%
Consumer Services arrowUp0.5%
Telecommunication Services arrowUp0.5%
Capital Goods arrowDown0.4%
Materials arrowUp0.6%
CLO arrowUp0.1%
Transportation arrowUp0.6%
Pharmaceuticals, Biotechnology and Life Sciences arrowUp0.4%
Swaps 0.0%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/12/2026
$0.17057
Dividend Frequency
Monthly (Daily Accrual)
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
Daily Daily 04/30/2026 $0.04019 $7.98
Daily Daily 03/31/2026 $0.04809 $7.92
Daily Daily 02/28/2026 $0.03913 $7.92
Daily Daily 01/31/2026 $0.04316 $8.03

Upcoming Dividend Payment Dates

Record Date Ex-Dividend Date Reinvest & Payable Date
Daily Daily 05/31/2026
Daily Daily 06/30/2026
Daily Daily 07/31/2026
Daily Daily 08/31/2026
Daily Daily 09/30/2026
Daily Daily 10/31/2026
Daily Daily 11/30/2026
Daily Daily 12/31/2026

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2013 12/18/2013 - $0.0160 $0.0160 $9.50
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 05/12/2026

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $8.18
$100,000 to $249,999 1.75% 1.50% $8.14
$250,000 to $499,999 1.25% 1.00% $8.10
Greater than $500,000 0.00% 1.00% $8.00

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

Expense Ratioas of 04/30/2026

Fund Gross Expense Ratio 0.81%
Fund Net Expense Ratio 0.81%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
2025 Annual Tailored Shareholder Report
Publish Date:11/03/2015
2025 Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Lord Abbett Floating Rate Fund Senior Loan Fund Fact Sheet
Publish Date:11/03/2015
Lord Abbett Floating Rate Fund Ltd. Fact Sheet (Spanish)
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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‡Morningstar Bank Loan Category. Data as of 06/30/2016. The Morningstar Bank Loan portfolios primarily invest in floating-rate loans instead of bonds. In exchange for their credit risk, these loans offer high interest payments that typically float above a common short-term benchmark such as the London Interbank Offered Rate or LIBOR.

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.

 

2

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

Average Yield to Maturity is the total rate of return earned when a bond makes all interest payments and repays the original principal.

Distribution Yield is the calculation of cash flow for an investment vehicle, to calculate the distribution yield, the most recent distribution is multiplied by 12 to get an annualized total, which is then divided by the NAV.

3

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

A Note about Risk: The Fund is subject to the general risks associated with investing in debt securities, including market, credit, liquidity, and interest rate risk. The value of investments in debt securities will fluctuate in response to market movements. When interest rates rise, the prices of debt securities are likely to decline, and when interest rates fall, the prices of debt securities tend to rise. The Fund may invest substantially in high yield, lower-rated securities. These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal. Moreover, the specific collateral used to secure a loan may decline in value or become illiquid, which would adversely affect the loan's value. The Fund may invest in foreign or emerging market securities, which may be adversely affected by economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk. The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. Certain of the Fund's derivative transactions may give rise to leverage risk. Leverage, including borrowing for investment purposes, may increase volatility in the Fund by magnifying the effect of changes in the value of the Fund's holdings. The use of leverage may cause investors in the Fund to lose more money in adverse environments than would have been the case in the absence of leverage. These factors may affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

The Overall Morningstar RatingTM is derived from a weighted average of the performance figures associated with a fund's three-, five-, and 10-year (as applicable) Morningstar RatingTM metrics. © Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

 

Morningstar proprietary ratings reflect historical risk-adjusted performance. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar risk-adjusted return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Load-waived ratings do not include any front-end sales charges (which are only available for certain defined contribution plans and certain mutual fund advisory programs) and should only be considered by investors who are not subject to sales loads. Not all funds with a load-waived rating may waive their front-end load. An investor should check with their advisor to determine if they are eligible to purchase the load-waived Class A share. The top 10% of the funds in an investment category receive 5 stars, 22.5% receive 4 stars, 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. (Each share class is counted as a fraction of one fund within this scale and rated separately, which may cause slight variations in the distribution percentages). The Overall Morningstar rating is a weighted average of funds' three-, five-, and 10-year (as applicable) ratings. Past performance is no guarantee of future results. Morningstar Rating is for the Class A share only; other classes may have different performance characteristics.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

The Morningstar LSTA US Leveraged Loan Index is a market-value weighted index designed to measure the performance of the US leveraged loan market.

Select funds to run a Morningstar Hypothetical Report.