Lord Abbett Inv Tr, Lord Abbett Floating Rate Fund -- Cl C (LARCX)

The Lord Abbett Floating Rate Fund (ticker: LARCX) is a mutual fund offered by Lord Abbett Investment Trust. This fund primarily invests in floating rate loans, which are loans with variable interest rates that adjust periodically based on market conditions. The fund's objective is to provide a high level of current income while also preserving capital. As a Class C fund, it may have higher fees and expenses compared to other classes of the same fund. This fund is suitable for investors seeking a potentially higher yield and are comfortable with the risks associated with investing in floating rate loans.