{"fund":{"name":"Floating Rate Fund","canonicalUrls":["https://www.lordabbett.com/en-us/individual-investor/index/investments-and-performance/mutual-funds/fixed-income/floating-rate-fund.html.class-a","https://www.lordabbett.com/en-us/financial-advisor/index/investments-and-performance/mutual-funds/fixed-income/floating-rate-fund.html.class-a"],"assetClass":"Taxable Fixed Income","fundType":"Mutual Fund","ticker":"LFRAX","shareClass":"A"},"banner":{"dailyPriceWoSalesCharge":7.92,"dailyPriceAsOfDate":"10/20/2026","ytdReturnsWoSalesCharge":3.22,"ytdReturnsAsOfDate":"10/20/2026","fundGrossExpenseRatio":"0.81","fundNetExpenseRatio":"0.81","expenseRatioAsOfDate":"09/30/2026"},"overview":{"summary":"The Fund’s investment objective is to seek a high level of current income.","approach":["Actively Managed Credit Focus - Seeks to identify attractive relative value opportunities within leveraged loans","Top-Down, Bottom-Up Process - Combines macro regime views with issuer-level fundamental research","Flexible Approach - Dynamically allocates across sectors, ratings, and maturities as market conditions evolve"],"fundFacts":{"totalNetAssets":"4805621955.26","totalNetAssetsAsOfDate":"09/30/2026","inceptionDate":"12/31/2007","minimumInitialInvestment":"1500","dividendFrequency":"Monthly","dividendFrequencyAsOfDate":"10/20/2026"},"characteristics":{"averageEffectiveDuration":"0.12 Years","averageEffectiveMaturity":"4.36 Years","asOfDate":"09/30/2026"}},"investmentTeam":{"team":[{"name":"Kearney M. Posner","profileURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/posner-kearney/posner-kearney-biography.pdf","title":"Partner, Portfolio Manager","designation":"CFA","experience":"27 years","image":{"imageURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/posner-kearney/posner-kearney-headshot.jpg","imgAltText":"Professional Image of Kearney M. Posner"}},{"name":"Christopher Gizzo","profileURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/gizzo-christopher/gizzo-christopher-biography.pdf","title":"Partner, Deputy Director of Leveraged Credit","designation":"CFA","experience":"18 years","image":{"imageURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/gizzo-christopher/gizzo-christopher-headshot.jpg","imgAltText":"Professional Image of Christopher Gizzo"}},{"name":"Robert A. Lee","profileURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/lee-robert/lee-robert-biography.pdf","title":"Partner, Co-Head of Taxable Fixed Income","experience":"35 years","image":{"imageURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/lee-robert/lee-robert-headshot.jpg","imgAltText":"Professional Image of Robert A. Lee"}},{"name":"Steven F. Rocco","profileURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/rocco-steven/rocco-steven-biography.pdf","title":"Partner, Co-Head of Taxable Fixed Income","designation":"CFA","experience":"25 years","image":{"imageURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/rocco-steven/rocco-steven-headshot.jpg","imgAltText":"Professional Image of Steven F. Rocco"}},{"name":"Alexander L. Green","profileURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/green-alexander/green-alexander-biography.pdf","title":"Portfolio Manager","designation":"CFA","experience":"11 years","image":{"imageURL":"https://www.lordabbett.com/content/dam/shared-assets/biography/green-alexander/green-alexander-headshot.jpg","imgAltText":"Professional Image of Alexander L. Green"}}]},"performance":{"asOfDate":"09/30/2026","returnsWithoutSalesCharge":{"ytd":3.91,"oneYear":5.68,"threeYear":7.22,"fiveYear":5.89,"tenYear":4.52,"sinceInception":4.44},"returnsWithSalesCharge":{"ytd":1.52,"oneYear":3.25,"threeYear":6.4,"fiveYear":5.42,"tenYear":4.28,"sinceInception":4.31}},"yields":{"averageYieldToMaturity":7.6,"distributionYield":6.07,"standardizedYieldSubz":5.81,"standardizedYieldUnsubz":5.81,"averageYieldToMaturityAsOfDate":"09/30/2026","distributionYieldAsOfDate":"10/20/2026","standardizedYieldAsOfDate":"09/30/2026"},"holdings":{"asOfDate":"09/30/2026","topHoldings":[{"name":"RBC DOMINION SECURITIES INC.","percentageOfAssets":9.14},{"name":"DPC HOLDINGS PLC","percentageOfAssets":1.27},{"name":"Invesco Senior Loan ETF","percentageOfAssets":1.12},{"name":"Discovery Global Holdings Inc","percentageOfAssets":0.83},{"name":"Hudson River Trading LLC","percentageOfAssets":0.64},{"name":"Mavis Tire Express Services Topco Corp","percentageOfAssets":0.59},{"name":"Allied Universal Holdco LLC","percentageOfAssets":0.54},{"name":"Hopper Merger Sub Inc","percentageOfAssets":0.54},{"name":"Great Outdoors Group LLC","percentageOfAssets":0.52},{"name":"Altice France SA","percentageOfAssets":0.49}]},"allocation":{"asOfDate":"09/30/2026","sectorAllocation":{"other":9.2,"utilities":6.1,"telecommunicationServices":4.5,"capitalGoods":9.7,"consumerDiscretionaryDistributionAndRetail":2.5,"cLO":0.5,"swaps":0.3,"pharmaceuticalsBiotechnologyAndLifeSciences":2.7,"transportation":3.5,"commercialAndProfessionalServices":6.9,"automobilesAndComponents":2.8,"materials":6.4,"consumerDurablesAndApparel":2.3,"technologyHardwareAndEquipment":0.8,"energy":1.7,"foodBeverageAndTobacco":3.0,"insurance":2.8,"consumerServices":6.1,"healthCareEquipmentAndServices":6.9,"mediaAndEntertainment":5.3,"softwareAndServices":8.3,"financialServices":6.4}},"feesAndExpenses":{"asOfDate":"09/30/2026","grossExpenseRatio":0.81,"netExpenseRatio":0.81},"characteristics":{"asOfDate":"09/30/2026","averageEffectiveDuration":"0.12 Years","averageEffectiveMaturity":"4.36 Years","totalNetAssets":"4805621955.26"}}