Founded in 1929, Lord Abbett manages assets worth over $157.7 billion (as of Mar 31, 2018). This privately held company has around 791 employees and 161 investment professionals dedicated to address clients’ needs. Lord Abbett deals in more than 61 mutual funds, investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.
This renowned global asset manager aims to provide a wide variety of financial products and services to fulfill the needs of investors. The company seeks to achieve successful investment performance on behalf of its clients for the long run. The three key factors that added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.
Below we share with you four top-ranked Lord Abbett mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Lord Abbett funds.
Lord Abbett Floating Rate F (LFRFX – Free Report) invests the majority of its assets in adjustable or floating rate senior loans to seek income. LFRFX may invest around one-fourth of its assets in foreign securities, including emerging market securities. The fund may also invest around one-fifth of its assets in other debt securities and nearly one-tenth of its assets in derivatives. Lord Abbett Floating Rate F has three-year annualized returns of 4.3%.
Steven Rocco is one of the fund managers of LFRFX since 2016.
Lord Abbett Floating Rate A (LFRAX – Free Report) seeks growth of income. LFRAX invests a large chunk of its assets in floating or adjustable rate senior loans. The fund may also invest one-fourth of its assets in various other short-term instruments and debt securities. Lord Abbett Floating Rate A has three-year annualized returns of 4.2%.
As of April 2018, LFRAX held 645 issues with 1.09% of its assets invested in Dell International L.L.C. (Emc Corporation).
Lord Abbett Bond-Debenture F (LBDFX – Free Report) seeks maximization of returns through growth of income and capital. LBDFX invests a bulk of its assets in various types of fixed income securities, including debentures and bonds. The fund may also invest in high yield bonds. It may invest around one-fifth of its assets in equity securities, which include preferred and common stocks. LBDFX has three-year annualized returns of 4.7%.
LBDFX has an expense ratio of 0.71% compared with the category average of 1.01%.
To view the Zacks Rank and past performance of all Lord Abbett mutual funds, investors can click here to see the complete list of Lord Abbett funds.
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