Lord Abbett Inv Tr, Lord Abbett Floating Rate Fund - Cl R2 (LFRRX)

The Lord Abbett Floating Rate Fund - Class R2 (LFRRX) is a mutual fund that focuses on investing in floating rate loans, which are loans with variable interest rates that adjust periodically based on market conditions. This fund is managed by Lord Abbett Investment Trust and is designed to provide investors with a steady stream of income while also offering protection against rising interest rates. The Class R2 shares of this fund are typically available to institutional investors and have a lower expense ratio compared to other share classes. Overall, the LFRRX fund offers a diversified portfolio of floating rate loans and can be a suitable option for investors seeking income and potential protection against interest rate fluctuations.