Lord Abbett is a renowned global asset manager that seeks to come up with a successful investment performance on behalf of its clients for the long run. The company aims to provide a wide variety of financial products and services to fulfil the needs of investors. The three key factors that added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.
This New Jersey-based company was founded in 1929 and had around $ 136.2 billion assets under management as of Dec 31, 2016. The company has around 805 employees and 153 investment professionals dedicated to address clients’ needs. Lord Abbett deals in 58 mutual funds investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.
Below we share with you four top-rated Lord Abbett mutual funds. Each has earned a
Zacks Mutual Fund Rank #1(Strong Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of Lord Abbett funds. Lord Abbett High Yield A LHYAX invests a large portion of its assets in corporate bonds rated below investment-grade and convertible securities. A maximum of 20% of its assets are invested in foreign securities which are internationally traded. LHYAX seeks return through growth of income and capital. Lord Abbett High Yield A returned 16.7% over the last one-year period.
Steven Rocco is one of the fund managers of LHYAX since 2010.
Lord Abbett Floating Rate A ( LFRAX Quick Quote LFRAX - Free Report) seeks appreciation of income. LFRAX invests a bulk of its assets in floating or adjustable rate senior loans. The fund may also invest one-fourth of its assets in foreign senior loans and around one-fifth of its assets in second lien loans, repurchase agreements, corporate bonds and fixed-rate debt securities.Lord Abbett Floating Rate A returned 8.9% over the last one-year period.
LFRAX has an expense ratio of 0.80% compared with the category average of 1.11%.
Lord Abbett Convertible F LBFFX maintains a diversified portfolio by investing in various convertible securities issued by domestic and foreign companies. LBFFX seeks a high level of return through growth of income and capital. Lord Abbett Convertible Freturned 21.3% over the last one-year period.
As of February 2017, LBFFX held 127 issues, with 3.23% of its assets invested in Restoration Hardware Hldgs 144A Cv.
Lord Abbett Affiliated F LAAFX seeks appreciation of capital and income for the long run with less fluctuations in market value. LAAFX invests heavily in equity securities of those large-cap companies, which are included on the Russell 1000 Index and offer high dividend and capital growth potential. Lord Abbett Affiliated Freturned 20% over the last one year period.
LAAFX has an expense ratio of 0.59% compared with the category average of 0.74%.
To view the Zacks Rank and past performance of all Lord Abbett mutual funds, investors can
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