Lord Abbett Inv Tr, Lord Abbett Floating Rate Fund - Cl I (LFRIX)

LFRIX is a mutual fund offered by Lord Abbett Investment Trust that focuses on investing in floating rate loans. This fund, classified as Class I, seeks to provide investors with a steady stream of income by investing in a diversified portfolio of floating rate loans, which are loans with variable interest rates that adjust periodically based on market conditions. This strategy allows the fund to potentially benefit from rising interest rates while also providing some protection against interest rate risk. With a focus on credit quality and risk management, LFRIX aims to provide investors with a stable and attractive return over the long term.