MutualFundWire.com: Lord Abbett Files for Floating Rate Fund
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Monday, October 1, 2007

Lord Abbett Files for Floating Rate Fund


Lord Abbett has filed with the SEC to establish a floating rate fund. The WSJ reports that the fund, which will be part of the Lord Abbett Investment Trust Series, will invest at leest 80 percent of its assets in floating- or adjustable-rate senior loans. The fund will be available in A, B, C, F, I, R2 and R3 shares.


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