LRRRX Performance — Lord Abbett Floating Rate Fund, Class R3
Data updated: 2026-07-29
LRRRX returned +1.54% year to date and +5.74% over one year to May 2026. Annualised returns are +8.07% over 3 years and +5.47% over 5 years. Against its Ultrashort Corporate Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $126, against $124 for the category, and to $106 over one year, against $107. Volatility over the past three years was 2.13% a year. In the 12 months to May 2026 the fund lost a net $284.0M, and assets reached $4.33B.
LRRRX Growth of $100
What $100 invested in Lord Abbett Floating Rate Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Corporate Bond category average over the same months.
| Period | LRRRX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $106 | $107 |
| 3 years (Jun 2023 – May 2026) | $126 | $124 |
| 5 years (Jun 2021 – May 2026) | $131 | $126 |
| Since data start (Sep 2019 – May 2026) | $134 | $134 |
LRRRX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.54% |
| 1 year | +5.74% |
| 3 years (annualised) | +8.07% |
| 5 years (annualised) | +5.47% |
LRRRX Annual Returns
Calendar-year total returns of Lord Abbett Floating Rate Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.54% |
| 2025 | +5.72% |
| 2024 | +8.61% |
| 2023 | +12.32% |
| 2022 | −2.24% |
| 2021 | +4.96% |
| 2020 | −2.00% |
| 2019 (Sep–Dec) | +1.76% |
LRRRX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.0% | −1.0% | +0.6% | +1.2% | +0.8% | — | — | — | — | — | — | — |
| 2025 | +0.6% | +0.2% | −0.5% | −0.4% | +1.7% | +0.8% | +0.7% | +0.4% | +0.6% | +0.3% | +0.7% | +0.7% |
| 2024 | +0.7% | +0.9% | +1.0% | +0.6% | +0.8% | +0.3% | +0.7% | +0.6% | +0.7% | +0.9% | +0.7% | +0.5% |
| 2023 | +2.4% | +0.5% | 0.0% | +0.9% | −0.1% | +2.3% | +1.2% | +1.1% | +0.7% | −0.2% | +1.4% | +1.5% |
| 2022 | +0.1% | −0.7% | +0.3% | −0.2% | −2.5% | −2.5% | +2.1% | +1.2% | −2.1% | +1.0% | +1.0% | +0.1% |
| 2021 | +1.0% | +0.7% | +0.1% | +0.4% | +0.8% | +0.5% | −0.2% | +0.4% | +0.8% | +0.1% | −0.4% | +0.8% |
| 2020 | +0.3% | −2.0% | −14.3% | +2.8% | +4.0% | +0.6% | +1.9% | +1.5% | +0.3% | +0.3% | +2.6% | +1.5% |
| 2019 | — | — | — | — | — | — | — | — | +0.4% | −0.9% | +0.7% | +1.5% |
LRRRX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 2.13%
- 3-year Sharpe ratio: 1.68 (vs 4.5% risk-free rate)
- Best month: +2.31% (Jun 2023)
- Worst month: −1.03% (Feb 2026)
LRRRX Fund Flows
Monthly money in and out of Lord Abbett Floating Rate Fund, from SEC Form N-PORT.
- 12-month net flow: −$284.0M
- 12-month gross sales (incl. reinvestments): $1.4B
- Sales ÷ redemptions: 0.83×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $142.6M | $97.2M | $45.4M |
| Apr 2026 | $123.7M | $123.5M | $120K |
| Mar 2026 | $78.1M | $168.0M | −$89.9M |
| Feb 2026 | $111.5M | $138.4M | −$26.9M |
| Jan 2026 | $114.6M | $143.5M | −$29.0M |
| Dec 2025 | $103.4M | $188.2M | −$84.7M |
| Nov 2025 | $92.4M | $119.9M | −$27.5M |
| Oct 2025 | $105.0M | $198.2M | −$93.2M |
| Sep 2025 | $105.1M | $156.2M | −$51.1M |
| Aug 2025 | $110.8M | $109.7M | $1.2M |
| Jul 2025 | $148.8M | $123.3M | $25.5M |
| Jun 2025 | $144.0M | $98.0M | $46.1M |
LRRRX Assets Under Management
Net assets of Lord Abbett Floating Rate Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $4.33B |
| 2026-02-28 | $4.33B |
| 2025-11-30 | $4.55B |
| 2025-08-31 | $4.73B |
| 2025-05-31 | $4.65B |
| 2025-02-28 | $5.01B |
| 2024-11-30 | $4.79B |
| 2024-08-31 | $4.93B |
| 2024-05-31 | $5.10B |
| 2024-02-29 | $4.92B |
| 2023-11-30 | $4.95B |
| 2023-08-31 | $5.09B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.