Lord Abbett Floating Rate Fund returned -0.32%, reflecting performance at the net asset value of Class I shares with all distributions reinvested for the quarter ended March 31, 2026.
The first quarter of 2026 was defined by a balance between economic resilience and rising geopolitical and macro uncertainty.
U.S. leveraged loans exhibited negative returns over the quarter, losing -0.55%.
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Market Review
The first quarter of 2026 was defined by a balance between economic resilience and rising geopolitical and macro uncertainty. Market performance faced headwinds from weakness in Technology/Software (driven by AI disruption concerns) and escalating geopolitical tensions, though
