Floating Rate is trading at 8.08 as of the 20th of March 2025; that is 0.12% down since the beginning of the trading day. The fund's open price was 8.09. Floating Rate has about a 21 % chance of experiencing some form of financial distress in the next two years of operation and did not have a very good performance during the last 90 trading days. The performance scores are derived for the period starting the 20th of December 2024 and ending today, the 20th of March 2025. Click here to learn more.
Under normal conditions, the fund pursues its investment objective by investing at least 80 percent 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. More on Floating Rate Fund
Floating Rate Fund [LRRTX] is traded in USA and was established 20th of March 2025. The fund is listed under Bank Loan category and is part of Lord Abbett family. This fund now has accumulated 15.21 B in assets with no minimum investment requirementsFloating Rate is currently producing year-to-date (YTD) return of 0.35% with the current yeild of 0.08%, while the total return for the last 3 years was 7.37%.
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Other Information on Investing in Floating Mutual Fund
Floating Rate financial ratios help investors to determine whether Floating Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Floating with respect to the benefits of owning Floating Rate security.