Convertible | Institutional Strategies | Lord Abbett
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Convertible

Summary

Summary

KEY FACTS as of 09/30/2020


Strategy Inception Date
Sep 1985
Strategy AUM
$2.0 B
Benchmark
ICE BofA All Convertible Index
eVestment Universe
US Convertibles

Vehicles


  • This strategy is available as a:
  • Separate Account
  • Mutual Fund
  • Managed Account (SMA)

PORTFOLIO MANAGERS

Alan R. Kurtz
Alan R. Kurtz

Portfolio Manager

20 Years of Industry Experience

Supported By 74 Investment Professionals with 17 Years Avg. Industry Experience

Portfolio

Portfolio

PORTFOLIO BREAKDOWNas of 09/30/2020

Type Portfolio
Type Portfolio
Convertible Bonds
Convertible Preferred Stock
Common Stock
Other
Cash

CREDIT QUALITY DISTRIBUTIONas of 09/30/2020

Type Portfolio Index
A 0.7% 1.3%
BBB 2.0% 5.1%
BB 2.7% 5.2%
B 12.3% 15.0%
Not Rated 82.3% 72.9%

CHARACTERISTICS as of 09/30/2020

Portfolio Index
Portfolio Index
Average Coupon 1.86% 2.56%
Average Maturity 3.98 Years 4.73 Years

Performance

Performance

Convertible Institutional Composite

Average Annual Returns as of 09/30/2020

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
Gross of Fees 37.15% 47.84% 20.08% 17.69% 12.41% 10.66%
Net of Fees 36.09% 46.31% 18.83% 16.47% 11.37% 9.78%
ICE BofA All Convertible Index 22.18% 31.20% 15.24% 13.80% 11.38% -

Calendar Year Returnsas of 09/30/2020

2019 2018 2017 2016 2015 2014 2013 2012 2011 2010
Gross of Fees 26.06% -2.53% 17.79% 13.65% -7.10% 7.12% 26.65% 13.06% -7.00% 16.14%
Net of Fees 24.76% -3.54% 16.56% 12.45% -8.11% 5.98% 25.46% 12.48% -7.54% 15.29%
ICE BofA All Convertible Index 23.15% 0.15% 13.70% 10.43% -2.99% 9.44% 24.92% 14.96% -5.18% 16.77%

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