LRRVX Fees and Costs — Lord Abbett Floating Rate Fund, Class R6
Data updated: 2026-07-29
The net expense ratio is 0.54%: a 0.46% management fee plus 0.08% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $34K in broker commissions, 0.0007% of average net assets, and portfolio turnover was 83%.
LRRVX Fees and Expenses
Annual operating expenses and sales charges of LRRVX. Prospectus, as of November 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.08% |
| Gross expense ratio | 0.54% |
| Fee waiver | — |
| Net expense ratio | 0.54% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
LRRVX Costs Over Time
On $10,000 invested in LRRVX, assuming 5% a year before costs, total costs come to $341 over 5 years, cutting the return by 0.57% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.54%) | $57 | $178 | $310 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $9 | $31 |
| Total costs | $57 | $187 | $341 |
| Value after costs | $10,443 | $11,389 | $12,421 |
| Impact on return, per year | 0.57% | 0.57% | 0.57% |
LRRVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0007%
- Total broker commissions: $34K
- Bought from dealers (principal trades, not a cost): $89.7B
- Portfolio turnover (prospectus): 83%
- Securities on loan, average value: $59.1M
- Net income from securities lending: $561K (0.012% of average net assets)
LRRVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $23K | 66.05% |
| TD Securities (USA) LLC | $12K | 33.95% |
LRRVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Barclays Capital Inc. | $32.5B | 37.27% |
| State Street Bank and Trust Company | $24.7B | 28.39% |
| J.P. Morgan Securities LLC | $22.6B | 25.95% |
| TD Securities (USA) LLC | $1.7B | 1.97% |
| RBC Capital Markets, LLC | $1.3B | 1.52% |
| Deutsche Bank Securities Inc. | $1.1B | 1.25% |
| Morgan Stanley & Co. LLC | $1.1B | 1.24% |
| BofA Securities, Inc. | $718.9M | 0.83% |
| Goldman Sachs & Co. LLC | $703.4M | 0.81% |
| Citigroup Global Markets Inc. | $672.2M | 0.77% |
Lord Abbett Floating Rate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| LFROX | Class F3 | 0.54% | none |
| LRRVX | Class R6 | 0.54% | none |
| LFRIX | Class I | 0.61% | none |
| LRRTX | Class R5 | 0.61% | none |
| LFRFX | Class F | 0.71% | none |
| LFRAX | Class A | 0.81% | 2.25% |
| LRRKX | Class R4 | 0.86% | none |
| LRRRX | Class R3 | 1.11% | none |
| LFRRX | Class R2 | 1.21% | none |
| LARCX | Class C | 1.43% | none |
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.