Lord Abbett Floating Rate Fund
LORD ABBETT INVESTMENT TRUST · 10 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Lord Abbett Floating Rate Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- High yield
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2026 Q2
The Funds investment objective is to seek a high level of current income.
The fund invests at least 80% of assets in floating or adjustable rate loans and debt securities, including senior and subordinated loans, structured products, and derivatives that convert fixed-rate debt into floating rate exposure, with the goal of capturing rising interest income as rates move higher. The fund may hold up to 20% in fixed-rate debt and other instruments, up to 25% in non-U.S. issuers and emerging markets, and accepts below-investment-grade credit quality. Because the fund's income depends on the floating rate instruments it selects and their credit performance, deterioration in those issuers or a decline in interest rates will reduce returns.
| Share class | Expense ratio |
|---|---|
| LFRAX | 0.81% |
| LARCX | 1.43% |
| LFRFX | 0.71% |
| LFRIX | 0.61% |
| LFRRX | 1.21% |
| LRRRX | 1.11% |
| LRRKX | 0.86% |
| LRRTX | 0.61% |
| LRRVX | 0.54% |
| LFROX | 0.54% |
Portfolio turnover 83.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Loans | 84.11% |
| Bonds | 9.69% |
| Cash & short-term | 5.79% |
| Stocks | 0.90% |
| 2 smaller | 0.85% |
Look-through blends 2 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 75.5% |
| International | 12.6% |
| Information Technology | 2.4% |
| Utilities | 1.4% |
| 11 smaller | 8.1% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: ALLOY FINCO LIMITED, DISCOVERY GLOBAL HOLDINGS INC, ATHENAHEALTH GROUP INC, SWORD PURCHASER LLC, BCPE EMPIRE HOLDINGS INC, CORE SCIENTIFIC FINANCE, NRG ENERGY INC, HOLOGIC INC
Largest exited: Fixed Income Clearing Corp, Alloy Finco Limited, X Corp., BRADYPLUS HOLDINGS LLC, Press Ganey Holdings Inc, AZURIA WATER SOLUTIONS INC, Ascend Learning LLC, EFS Cogen Holdings I LLC
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +7.11% | +26.36% | +32.53% | 2.11% | -0.88% | |
| +6.56% | +24.16% | +28.44% | 2.33% | -1.06% | |
| +7.21% | +26.71% | +33.15% | 2.29% | -1.00% | |
| +7.44% | +27.24% | +33.97% | 2.33% | -0.99% | |
| +6.66% | +24.85% | +29.92% | 2.17% | -0.91% | |
| +6.76% | +25.20% | +30.56% | 2.29% | -1.03% | |
| +7.04% | +26.14% | +32.16% | 2.19% | -0.89% | |
| +7.29% | +27.06% | +33.81% | 2.29% | -0.99% | |
| +7.39% | +27.33% | +34.29% | 2.11% | -0.86% | |
| +7.41% | +27.33% | +34.28% | 2.20% | -0.86% |
These classes hold the same portfolio, so the 5.84pp spread over 5 years is the cost difference between them — roughly 1.17pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Floating rate | 85.0% |
| Fixed rate | 10.3% |
| Zero-coupon or unclassified | 4.7% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 1.4% |
| 1-3y | 20.1% |
| 3-5y | 25.1% |
| 5-10y | 52.8% |
| 10y+ | 0.6% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Interest-rate moves barely touch this fund — but its credit exposure is real: a 100bp widening in credit spreads costs roughly 3.5%. Duration alone would have told you none of that.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 97% |
| Interest rates | 3% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| High yield | +3.47 yr |
| Investment grade | +0.13 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.05 yr | 18% |
| 1 yr | 0.21 yr | 81% |
| 30 yr | 0.00 yr | 0% |
5 yr and 10 yr are NEGATIVE (-0.08 yr, -0.08 yr) — a deliberate hedge at that point on the curve, so they are not part of the band above.
| 3 mo | 0.02 yr | 1% |
| 1 yr | 0.60 yr | 17% |
| 5 yr | 2.55 yr | 71% |
| 10 yr | 0.43 yr | 12% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.05 | +0.00 | +0.02 | $150 | $8.0k |
| 1 yr | +0.21 | +0.01 | +0.59 | $2.9k | $257.7k |
| 5 yr | -0.08 | +0.09 | +2.46 | $40.3k | $1.07m |
| 10 yr | -0.08 | +0.03 | +0.40 | $12.5k | $172.3k |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Duration contribution in years, summing to the fund's 0.10 yr.
This is where the fund's rate exposure sits, not its currency risk — most international bond funds hedge the currency back to dollars, and the size of those hedges is not in the filing. Tenors are also summed across curves, so a 5-year JPY point and a 5-year USD point are added together.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | RBC Dominion Securities, Inc. | 4.36% | — | $189.00M | — |
| — | Invesco Senior Loan ETF | 1.25% | $20.47 | $54.09M | 2.6M |
| — | Fidelity Investments | 1.16% | — | $50.24M | — |
| — | ALLOY FINCO LIMITED13.50% floating · due 2028-03-06 | 1.11% | — | $48.27M | — |
| — | DISCOVERY GLOBAL HOLDINGS INC0.00% · due 2033-06-30 | 0.94% | — | $40.86M | — |
| — | HUDSON RIVER TRADING LLC6.14% floating · due 2030-03-18 | 0.72% | — | $31.30M | — |
| — | AI AQUA MERGER SUB INC6.16% floating · due 2028-07-31 | 0.64% | — | $27.76M | — |
| — | American Airlines, Inc.5.93% floating · due 2028-04-20 | 0.63% | — | $27.46M | — |
| — | Allied Universal Holdco LLC6.90% floating · due 2032-08-20 | 0.61% | — | $26.32M | — |
| — | PROOFPOINT INC6.70% floating · due 2028-08-31 | 0.61% | — | $26.23M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.
Top 10 positions are 12.04% of net assets, top 25 20.03%, across 385 issuers.
See more of this fund's book
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