LOCFX | Convertible Fund Class F3 | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)
View All Tracked Funds
View All Tracked Funds

Quick Links

Follow Us

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Check Out Go Literature Center

Convertible Fund

Track this Fund
Add to Hypo Tool

Daily price w/o sales charge as of 06/02/2026

$21.05

arrowUp$0.18

YTD Returns w/o sales charge as of 06/02/2026

22.77%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

Summary

What is the Convertible Fund?

The Fund seeks to deliver current income and the opportunity for capital appreciation by investing primarily in convertible securities.

Fund Basicsas of 04/30/2026

Total Net Assets
$681.91 M
Inception Date
04/05/2017
Dividend Frequency
Quarterly
Fund Gross Expense Ratio
0.82%
Fund Net Expense Ratio
0.82%
Number of Holdings
79

Yield

12-Month Dividend Yield 1 as of 06/02/2026  

w/o sales charge 1.48%

30-Day Standardized Yield 2 as of 04/30/2026  

0.93%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.82%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
w/o sales charge 21.14% 42.09% 21.66% 7.01% 13.82% 9.20%
Lipper Category Avg. Convertible Securities Funds - - - - - -
ICE BofA All Convertible Index 21.62% 40.25% 20.54% 8.57% 13.31% -
w/ sales charge 21.14% 42.09% 21.66% 7.01% 13.82% 9.20%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.82%

Net 0.82%

Fund Expense Ratio :

Gross 0.82%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
w/o sales charge 4.28% 29.44% 15.20% 3.67% 12.44% 8.55%
Lipper Category Avg. Convertible Securities Funds 2.17% 21.59% 11.87% 3.92% 10.31% -
ICE BofA All Convertible Index 3.75% 25.25% 14.13% 5.35% 11.87% -

Fund Expense Ratio :

Gross 0.82%

Net 0.82%

Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. 

Rating Assets
Convertible Bonds
Convertible Preferred Stock
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Credit Quality Distribution as of 04/30/2026

Rating Assets
A
BBB
BB
CCC
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

INVESTMENT TEAM

Alan R. Kurtz
Alan R. Kurtz

Senior Managing Director, Portfolio Manager

26 Years of Industry Experience

Jeremy I. Lehmann
Jeremy I. Lehmann, CFA

Portfolio Manager

14 Years of Industry Experience

Vanessa Deng
Vanessa Deng

Portfolio Manager

10 Years of Industry Experience

Supported By 114 Investment Professionals with 17 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

12-Month Dividend Yield 1 as of 06/02/2026  

w/o sales charge 1.48%

30-Day Standardized Yield 2 as of 04/30/2026  

  Subsidized3 Un-Subsidized4
w/o sales charge 0.93% 0.93%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.82%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
w/o sales charge 21.14% 42.09% 21.66% 7.01% 13.82% 9.20%
Lipper Category Avg. Convertible Securities Funds - - - - - -
ICE BofA All Convertible Index 21.62% 40.25% 20.54% 8.57% 13.31% -
w/ sales charge 21.14% 42.09% 21.66% 7.01% 13.82% 9.20%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.82%

Net 0.82%

Fund Expense Ratio :

Gross 0.82%

Net 0.82%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
w/o sales charge 4.28% 29.44% 15.20% 3.67% 12.44% 8.55%
Lipper Category Avg. Convertible Securities Funds 2.17% 21.59% 11.87% 3.92% 10.31% -
ICE BofA All Convertible Index 3.75% 25.25% 14.13% 5.35% 11.87% -

Fund Expense Ratio :

Gross 0.82%

Net 0.82%

Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. 

The Fund changed its investment strategy on 06/30/2003. Performance is calculated from this date.

Year Fund Returns ICE BofA All Convertible Index
2025 22.43% 18.18%
2024 14.00% 11.30%
2023 7.30% 13.05%
2022 -23.10% -18.63%
2021 1.25% 6.34%
2020 64.42% 46.22%
2019 25.02% 23.15%
2018 -3.40% 0.15%
2017 16.87% 13.70%
2016 12.73% 10.43%
2015 -7.92% -
2014 6.28% -
2013 26.19% -
2012 12.41% -
2011 -8.73% -
2010 15.16% -
2009 36.00% -
2008 -31.40% -
2007 9.46% -
2006 - -
Year Q1 Q2 Q3 Q4
2026 4.28% - - -
2025 -1.37% 11.89% 7.54% 3.16%
2024 4.73% 0.39% 4.34% 3.92%
2023 2.14% 2.03% -2.78% 5.90%
2022 -7.57% -16.09% -0.32% -0.54%
2021 1.54% -0.21% 0.18% -0.25%
2020 -7.77% 27.23% 16.26% 20.53%
2019 11.36% 4.80% -0.35% 7.51%
2018 1.22% 2.65% 5.08% -11.52%
2017 6.56% 2.71% 4.10% 2.58%
2016 -1.49% 3.43% 7.97% 2.48%
2015 2.49% -0.59% -9.54% -0.11%
2014 2.25% 3.90% -1.22% 1.28%
2013 6.63% 3.18% 7.85% 6.35%
2012 9.42% -3.99% 4.72% 2.17%
2011 4.70% -1.29% -14.59% 3.39%
2010 3.44% -7.26% 11.15% 8.01%
2009 1.98% 11.42% 13.02% 5.90%
2008 -7.25% 3.56% -16.32% -14.66%
2007 2.32% 4.07% 2.29% 0.49%
2006 - - - 4.71%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Convertible Bonds
Convertible Preferred Stock
Other
Cash

The Fund's portfolio is actively managed and is subject to change. "Other" may include municipal bonds and non-index holdings.

Rating Assets
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 04/30/2026

Rating Assets
A
BBB
BB
CCC
Not Rated

Ratings (other than U.S. Treasury securities or securities issued or backed by U.S. agencies) provided by Standard & Poor's, Moody's, and Fitch. For certain securities that are not rated by any of these three agencies, credit ratings from other agencies may be used. Where the rating agencies rate a security differently, Lord Abbett uses the higher credit rating. Ratings range from AAA (highest) to D (lowest). Bonds rated BBB or above are considered investment grade. Credit ratings BB and below are lower-rated securities (junk bonds). High-yielding, non-investment-grade bonds (junk bonds) involve higher risks than investment-grade bonds. Adverse conditions may affect the issuer's ability to pay interest and principal on these securities. A portion of the portfolio's securities may not be rated. Breakdown is not an S&P credit rating or an opinion of S&P as to the creditworthiness of such portfolio. Ratings apply to the credit worthiness of the issuers of the underlying securities and not the fund or its shares. Ratings may be subject to change.

PORTFOLIO DETAILS as of 04/30/2026

Total Net Assets
$681.91 M
Average Coupon
2.21%
Average Effective Duration
0.01 Years
Average Maturity
3.16 Years
Number of Issues
79

To view definitions for the above Portfolio Details, Click here.

Average Coupon - The weighted average annual rate of interest on a bond’s face value that the issuer agrees to pay the holder until maturity for all the securities in a portfolio.

Average Effective Maturity is the weighted average of all the maturities of the securities held in a fund. The maturity of a security is the length of time until final payment is due, or if applicable, an earlier date based on relevant factors such as maturity-shortening devices. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Top Ten Holdings as of  04/30/2026

Holding Sector Assets
Redfin Corp Financial 4.0%
Sea Ltd Communications 3.7%
Western Digital Corp Technology 3.6%
Bank of America Corp Financial 3.2%
Euronet Worldwide Inc Consumer, Non-cyclical 3.0%
Lumentum Holdings Inc Technology 2.6%
Welltower OP LLC Financial 2.3%
Boeing Co/The Industrial 2.2%
NextEra Energy Inc Utilities 2.2%
Akamai Technologies Inc Technology 2.1%
Holding Coupon Maturity Assets
Redfin Corp0.500% 04/01/20274.0%
Sea Ltd0.250% 09/15/20263.7%
Western Digital Corp3.000% 11/15/20283.6%
Bank of America Corp7.250% 04/30/21753.2%
Euronet Worldwide Inc0.625% 10/01/20303.0%
Lumentum Holdings Inc0.500% 06/15/20282.6%
Welltower OP LLC3.125% 07/15/20292.3%
Boeing Co/The6.000% 10/15/20272.2%
NextEra Energy Inc7.299% 06/01/20272.2%
Akamai Technologies Inc0.375% 09/01/20272.1%
Bentley Systems Inc0.375% 07/01/20272.1%
Bloom Energy Corp0.000% 11/15/20302.1%
Bridgebio Pharma Inc2.250% 02/01/20292.1%
Coinbase Global Inc0.500% 06/01/20261.9%
Enphase Energy Inc0.000% 03/01/20281.9%
CoreWeave Inc1.750% 10/01/20321.9%
Albemarle Corp7.250% 03/01/20271.8%
Terawulf Inc1.000% 09/01/20311.7%
MGP Ingredients Inc1.875% 11/15/20261.7%
MKS Inc1.250% 06/01/20301.7%
Borr Drilling Ltd3.500% 05/01/20331.6%
Cloudflare Inc0.000% 06/15/20301.6%
Ionis Pharmaceuticals Inc0.000% 12/01/20301.5%
Granite Construction Inc3.250% 06/15/20301.5%
Meritage Homes Corp1.750% 05/15/20281.5%
BWX Technologies Inc0.000% 11/01/20301.4%
SoFi Technologies Inc0.000% 10/15/20261.4%
Southern Co/The4.500% 06/15/20271.4%
Travere Therapeutics Inc2.250% 03/01/20291.4%
BILL Holdings Inc0.000% 04/01/20301.4%
Oracle Corp6.500% 01/15/20291.3%
Advanced Energy Industries Inc2.500% 09/15/20281.3%
Strategy Inc0.000% 06/01/20281.3%
GOLDMAN SACHS INTERNATIONAL0.000% 06/18/20261.2%
Guardant Health Inc0.000% 05/15/20331.2%
Scorpio Tankers Inc1.750% 04/15/20311.2%
AST SpaceMobile Inc2.000% 01/15/20361.2%
ON Semiconductor Corp0.000% 05/01/20271.1%
NextEra Energy Inc7.375% 02/15/20291.1%
Alibaba Group Holding Ltd0.000% 09/15/20301.1%
InterDigital Inc3.500% 06/01/20271.0%
Applied Digital Corp2.750% 06/01/20301.0%
Microchip Technology Inc7.500% 03/15/20281.0%
Mirum Pharmaceuticals Inc4.000% 05/30/20261.0%
Cytokinetics Inc1.750% 10/01/20311.0%
Celcuity Inc2.750% 08/01/20311.0%
DigitalOcean Holdings Inc0.000% 08/15/20301.0%
Revolution Medicines Inc0.500% 05/01/20330.9%
PPL Capital Funding Inc2.875% 03/15/20280.9%
Live Nation Entertainment Inc3.125% 01/15/20290.8%
Live Nation Entertainment Inc2.875% 01/15/20300.8%
BlackSky Technology Inc8.250% 08/01/20330.8%
nLight Inc0.000% 09/09/99990.7%
MP Materials Corp3.000% 03/01/20300.7%
Nebius Group NV2.750% 09/15/20320.7%
Snowflake Inc0.000% 10/01/20270.7%
Okta Inc0.375% 06/15/20260.7%
GDS Holdings Ltd2.250% 06/01/20320.7%
Cogent Biosciences Inc1.625% 11/15/20310.7%
Strategy Inc0.625% 09/15/20280.6%
PTC Therapeutics Inc1.500% 09/15/20260.6%
IMAX Corp0.750% 11/15/20300.6%
Fastly Inc0.000% 12/20/20280.6%
Rivian Automotive Inc3.625% 10/15/20300.5%
Seagate HDD Cayman3.500% 06/01/20280.5%
Centrus Energy Corp0.000% 08/15/20320.5%
Solaris Energy Infrastructure Inc0.250% 10/01/20310.5%
KKR & Co Inc6.250% 03/01/20280.4%
Wayfair Inc3.250% 09/15/20270.3%
ZIS8762815 LACCUAT0.000% 07/17/20260.3%
Terawulf Inc0.000% 05/01/20320.2%
Intuitive Machines Inc2.500% 10/01/20300.2%
STX US 09/18/26 C900 (OTC) MOV0.000% 09/18/20260.2%
GOLDMAN SACHS INTERNATIONAL0.000% 05/15/20260.2%
Rocket Lab USA Inc4.250% 02/01/20290.1%
Wayfair Inc0.000% 09/09/99990.1%
634318069 LAC0.000% 05/15/20260.0%
VSE Corp5.750% 02/01/20290.0%
ZIS8762815 LACCUAT0.000% 05/15/20260.0%
LITE US 06/18/26 C1100 (OTC) GOL0.000% 06/18/2026-0.6%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/02/2026
$0.04560
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
03/26/2026 03/27/2026 03/27/2026 $0.04560 $17.78

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
06/25/2026 06/26/2026 06/26/2026
09/24/2026 09/25/2026 09/25/2026
12/28/2026 12/29/2026 12/29/2026

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $1.6293 $1.0924 $2.7217 $16.10
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Fees & Expenses

Fees & Expenses

Expense Ratioas of 04/30/2026

Fund Gross Expense Ratio 0.82%
Fund Net Expense Ratio 0.82%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
2025 Annual Tailored Shareholder Report
Publish Date:11/03/2015
2025 Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
 Quantity
Quantity
 Remove
Remove

 

IMPORTANT INFORMATION

 

1

12-Month Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its value with maximum sales charges and without sales charges. The fund’s dividend yield is calculated by dividing the fund’s income distributions over the previous year by the fund’s current value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

 

IMPORTANT INFORMATION

 

A Note about Risk: Convertible securities are subject to the risks affecting both equity and fixed income securities, including market, credit, liquidity, and interest rate risk.  Convertible securities tend to be more volatile than other fixed income securities, and the markets for convertible securities may be less liquid than markets for common stocks or bonds.  The Fund may invest substantially in high yield, lower-rated securities.  These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal.  The Fund may invest  in foreign or emerging market securities, which may be adversely affected by  economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk.  The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The ICE BofA Merrill Lynch All Convertibles Index contains issues that have a greater than $50 million aggregate market value. The issues are U.S. dollar-denominated, sold into the U.S. market and publicly traded in the United States.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Select funds to run a Morningstar Hypothetical Report.