Lord Abbett Inv Tr, Lord Abbett Floating Rate Fund - Cl R3 (LRRRX)

The Lord Abbett Floating Rate Fund - Class R3 (LRRRX) 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 R3 shares of this fund are specifically designed for retirement accounts and have a lower expense ratio compared to other share classes. Overall, this fund offers a conservative approach to investing with a focus on income generation and risk management.