Founded in 1929, Lord Abbett manages assets worth over $136.2 billion (as of December 31, 2016). This privately held company has around 805 employees dedicated to address clients' needs. Lord Abbett deals in more than 58 mutual funds investing in not only domestic and global stocks, but also in fixed-income, tax-free income and multi-asset securities.
This renowned global asset manager aims to provide a wide variety of financial products and services to fulfill the needs of investors. The company seeks to achieve successful investment performance on behalf of its clients for the long run. The three key factors that added to Lord Abbett's success are its independent perspective, smart product design and dedication to active management.
Below we share with you three 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 Inflation Focused Fund A (MUTF:LIFAX) seeks returns which beat the inflation rate in the domestic economy. LIFAX meets its investment goals by combining inflation-indexed fixed-income securities and inflation-linked derivatives. The fund uses the Consumer Price Index (CPI) for All Urban Consumers in order to assess the inflation rate in the economy. It has a one-year annualized return of 10.8%.
Hyun Lee has been one of the fund managers of LIFAX since 2013.
Lord Abbett Floating Rate Fund (MUTF:LFRFX) invests the majority of its assets in adjustable or floating rate senior loans to seek income. It may invest around one-fourth of its assets in foreign securities including emerging market securities. The fund may also invest around one-fifth of its assets in other debt securities and nearly one-tenth of its assets in derivatives. It has a one-year annualized return of 12.2%.
LFRFX has an expense ratio of only 0.70%, compared with the category average of 1.11%.
Lord Abbett Income Fund A (MUTF:LAGVX) seeks growth of income and capital preservation. It invests 65% of its assets in investment grade instruments, which include U.S. government-affiliated securities, domestic and foreign debt instruments and mortgage-related securities. It may also invest in derivatives, such as forwards, futures, options and swaps. The fund has a one-year annualized return of 12.7%.
As of December 2016, this fund held 452 issues, with 5.98% of its assets invested in US Treasury Note 1.75%.