Image alt tag

Page not optimized for mobile browsing

DST vision is best viewed on desktop and tablet

The Muni-Ladder Interest Rate Scenario Tool is only available on desktop and tablet.

PROCEED GO TO LORDABBETT.COM

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

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

A verification Email Has Been Sent

An email verification email has been sent to .
Follow the instructions to complete the email validation process.

I have not received my verification email

Check your SPAM mailbox and make sure that twelcome@lordabbett.com is allowed to send you mail.

I'm still having trouble

If you're still having trouble verifying your email address. feel free to contact us.

1-888-522-2388
clientservices@lordabbett.com


OK

We're sorry. We found no record of the email address you provided.

Register For a LordAbbett.com Account
Using Your Email Address.

  • Registered Financial Advisors gain access to:
  • Our data mining tool, Insight & Intelligence
  • Best in-class practice management content
  • Educational events, videos and podcasts.
  • The Lord Abbett Review - Subscribe now!

Registered but Having Problems?

If you believe you are registered and are having problems verifying your email address, feel free to contact us.

1-888-522-2388 clientservices@lordabbett.com

Terms & Condition

These Terms of Use ("Terms of Use") are made between the undersigned user ("you") and Lord, Abbett & Co. ("we" or "us"). They become effective on the date that you electronically execute these Terms of Use ("Effective Date").

A. You are a successful financial consultant that markets securities, including the Lord Abbett Family of Funds;

B. We have developed the Lord Abbett Intelligence System (the "Intelligence System"), a state of the art information resource that we make available to a limited community of broker/dealers through the Internet at a secure Web site (the "LAIS Site"); and

C. We wish to provide access to the Intelligence System to you as an information tool responsive to the demands of your successful business pursuant to these Terms of Use. Accordingly, you and we, intending to be legally bound, hereby agree as follows:]

1. Overview. · Scope. These Terms of Use (which we may amend from time to time) govern your use of the Intelligence System. · Revisions; Changes. We may amend these Terms of Use at any time by posting amended Terms of Use ("Amended Terms of Use") on the LAIS Site. Any Amended Terms of Use will become effective immediately upon posting. Your use of the Intelligence System after any Amended Terms of Use become effective will be deemed to constitute your acceptance of those Amended Terms of Use.We may modify or discontinue the Intelligence System at any time, temporarily or permanently, with or without notice to you. Purpose of the Intelligence System. The Intelligence System is intended to be an information resource that you may use to contribute to your business research. The Intelligence System is for broker/dealer use only; it is not to be used with the public in oral, written or electronic form. The information on the Intelligence System and LAIS Site is for your information only and is neither the tax, legal or investment advice of Lord Abbett or its third-party sources nor their recommendation to purchase or sell any security.

2. Your Privileges. · Personal Use. Your use of the Intelligence System is a nontransferable privilege granted by us to you and that we may deny, suspend or revoke at any time, with or without cause or notice. · Access to and Use of the Intelligence System. The User ID and password (together, an "Access ID") issued by us to you (as subsequently changed by you from time to time) is for your exclusive access to and use of the Intelligence System. You will: (a) be responsible for the security and use of your Access ID, (b) not disclose your Access ID to anyone and (c) not permit anyone to use your Access ID. Any access or use of the Intelligence System through the use of your Access ID will be deemed to be your actions, for which you will be responsible. · Required Technology. You must provide, at your own cost and expense, the equipment and services necessary to access and use the Intelligence System. At any time, we may change the supporting technology and services necessary to use the Intelligence System. · Availability. We make no guarantee that you will be able to access the Intelligence System at any given time or that your access will be uninterrupted, error-free or free from unauthorized security breaches.

3. Rights in Data. Our use of information collected from you will be in accordance with our Privacy Policy posted on the LAIS Site. Our compliance with our Privacy Policy will survive any termination of these Terms of Use or of your use of the Intelligence System.

4. Your Conduct in the Use of the Intelligence System. You may access, search, view and store a personal copy of the information contained on the LAIS Site for your use as a broker/dealer. Any other use by you of the Intelligence System and the information contained on the LAIS Site these Terms of Use is strictly prohibited. Without limiting the preceding sentence, you will not: · Engage in or permit any reproduction, copying, translation, modification, adaptation, creation of derivative works from, distribution, transmission, transfer, republication, compilation or decompilation, reverse engineering, display, removal or deletion of the Intelligence System, any portion thereof, or any data, content or information provided by us or any of our third-party sources in any form, media or technology now existing or hereafter developed, that is not specifically authorized under these Terms of Use.

· Remove, obscure or alter any notice, disclaimer or other disclosure affixed to or contained within the Intelligence System, including any copyright notice, trademark and other proprietary rights notices and any legal notices regarding the data, content or information provided through the Intelligence System.

· Create a hyperlink to, frame or use framing techniques to enclose any information found anywhere on the LAIS Site without our express prior written consent.

· Impersonate any person, or falsely state or otherwise misrepresent his or her affiliation with any person in connection with any use of the Intelligence System.

· Breach or attempt to breach the security of the Intelligence System or any network, servers, data, or computers or other hardware relating to or used in connection with the Intelligence System; nor (b) use or distribute through the Intelligence System software or other tools or devices designed to interfere with or compromise the privacy, security or use of the Intelligence System by others or the operations or assets of any person.

· Violate any applicable law, including, without limitation, any state federal securities laws. 5. Your Representations and Warranties. You hereby represent and warrant to us, for our benefit, as of the time of these Terms of Use and for so long as you continue to use the Intelligence System, that (a) you are, and will continue to be, in compliance with these Terms of Use and any applicable laws and (b) you are authorized to provide to us the information we collect, as described in our Privacy Policy.

6. Disclaimer of Warranties.

· General Disclaimers.

THE INTELLIGENCE SYSTEM, THE LAIS SITE AND ALL DATA, INFORMATION AND CONTENT ON THE LAIS SITE ARE PROVIDED "AS IS" AND “AS AVAILABLE” AND WITHOUT ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND. WITHOUT LIMITING THE PRECEDING SENTENCE, LORD ABBETT, ITS AFFILIATES, AGENTS, THIRD-PARTY SUPPLIERS AND LICENSORS, AND THEIR RESPECTIVE EMPLOYEES, CONTRACTORS, DIRECTORS, OFFICERS AND SHAREHOLDERS (COLLECTIVELY, THE “LORD ABBETT GROUP”) EXPRESSLY DISCLAIM ALL WARRANTIES, WHETHER EXPRESS, IMPLIED OR STATUTORY, INCLUDING THE WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, TITLE, AND NONINFRINGEMENT. YOU EXPRESSLY AGREE THAT YOUR USE OF THE LAIS SITE, THE INTELLIGENCE SYSTEM, AND THE DATA, INFORMATION AND CONTENT PRESENTED THERE ARE AT YOUR SOLE RISK AND THAT THE LORD ABBETT GROUP WILL NOT BE RESPONSIBLE FOR ANY (A) ERRORS OR INACCURACIES IN THE DATA, CONTENT AND INFORMATION ON THE LAIS SITE AND THE INTELLIGENCE SYSTEM OR (B) ANY TERMINATION, SUSPENSION, INTERRUPTION OF SERVICES, OR DELAYS IN THE OPERATION OF THE LAIS SITE OR THE INTELLIGENCE SYSTEM.

· Disclaimer Regarding Investment Research.

THE INTELLIGENCE SYSTEM INCORPORATES DATA, CONTENT AND INFORMATION FROM VARIOUS SOURCES THAT WE BELIEVE TO BE ACCURATE AND RELIABLE. HOWEVER, THE LORD ABBETT GROUP MAKES NO CLAIMS, REPRESENTATIONS OR WARRANTIES AS TO THE ACCURACY, TIMELINESS, COMPLETENESS OR TRUTHFULNESS OF SUCH DATA, CONTENT AND INFORMATION. YOU EXPRESSLY AGREE THAT YOU ARE RESPONSIBLE FOR INDEPENDENTLY VERIFYING YOUR INVESTMENT RESEARCH PRIOR TO FORMING YOUR INVESTMENT DECISIONS OR RENDERING INVESTMENT ADVICE. THE LORD ABBETT GROUP WILL NOT BE LIABLE FOR ANY INVESTMENT DECISION MADE BY YOU OR ANY OTHER PERSON BASED UPON THE DATA, CONTENT AND INFORMATION PROVIDED THROUGH THE INTELLIGENCE SYSTEM OR ON THE LAIS SITE.

· Survival.

THIS SECTION 6 SHALL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM..

7. Limitations on Liability.

NONE OF THE MEMBERS OF THE LORD ABBETT GROUP WILL BE LIABLE TO YOU OR ANY OTHER PERSON FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, PUNITIVE, SPECIAL OR EXEMPLARY DAMAGES (INCLUDING LOSS OF PROFITS, LOSS OF USE, TRANSACTION LOSSES, OPPORTUNITY COSTS, LOSS OF DATA, OR INTERRUPTION OF BUSINESS) RESULTING FROM, ARISING OUT OF OR IN ANY WAY RELATING TO THE INTELLIGENCE SYSTEM, THE LAIS SITE OR YOUR USE THEREOF, EVEN IF THE LORD ABBETT GROUP HAS BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES. THIS SECTION 7 WILL SURVIVE ANY TERMINATION OF THESE TERMS OF USE OR YOUR USE OF THE INTELLIGENCE SYSTEM.

8. Miscellaneous Provisions.

· Governing Law. This Agreement will governed by and construed in accordance with the laws of the State of New York, without giving effect to applicable conflicts of law principles.

THE UNIFORM COMPUTER INFORMATION TRANSACTIONS ACT OR ANY VERSION THEREOF, ADOPTED BY ANY STATE, IN ANY FORM ("UCITA") WILL NOT APPLY TO THESE TERMS OF USE. TO THE EXTENT THAT UCITA IS APPLICABLE, THE PARTIES HEREBY AGREE TO OPT OUT OF THE APPLICABILITY OF UCITA PURSUANT TO THE OPT-OUT PROVISION(S) CONTAINED THEREIN.

The Intelligence System is not intended to be used by consumers, nor are the consumer protection laws of any jurisdiction intended to apply to the Intelligence System. You agree to initiate and maintain any action, suit or proceeding relating to these Terms of Use or arising out of the use of the Intelligence System exclusively in the courts, state and federal, located in or having jurisdiction over New York County, New York.

YOU HEREBY CONSENT TO THE PERSONAL JURISDICTION AND VENUE OF THE COURTS, STATE AND FEDERAL, LOCATED IN OR HAVING JURISDICTION OVER NEW YORK COUNTY, NEW YORK. YOU AGREE THAT YOU WILL NOT OBJECT TO A PROCEEDING BROUGHT IN YOUR LOCAL JURISDICTION TO ENFORCE AN ORDER OR JUDGMENT OBTAINED IN NEW YORK.

· Relationship of Parties. The parties to these Terms of Use are independent contractors and nothing in these Terms of Use will be construed as creating an employment relationship, joint venture, partnership, agency or fiduciary relationship between the parties.

· Notice. All notices provided under these Terms of Use will be in writing and will be deemed effective: (a) when delivered personally, (b) when received by electronic delivery, (c) one business day after deposit with a commercial overnight carrier specifying next day delivery, with written verification of receipt, or (d) three business days after having been sent by registered or certified mail, return receipt requested. We will only accept notices from you in English and by conventional mail addressed to: General Counsel Lord, Abbett & Co. 90 Hudson Street Jersey City, N.J. 07302-3973 We may give you notice by conventional mail or electronic mail addressed to the last mail or electronic mail address transmitted by you to us.

· Third-Party Beneficiaries. The members of the Lord Abbett Group are third-party beneficiaries of the rights and benefits provided to us under these Terms of Use. You understand and agree that any right or benefit available to us or any member of the Lord Abbett Group hereunder will also be deemed to accrue to the benefit of, and may be exercised directly by, any member of the Lord Abbett Group to the extent applicable.

· Survival. This Section 8 will survive any termination of these Terms of Use or your use of the Intelligence System. The undersigned hereby signs these Terms of Use. By electronically signing and clicking "Accept" below, these Terms of Use will be legally binding on me. To sign these Terms of Use, confirm your full name and enter your User ID and Password (as your electronic signature) in the fields indicated below and click the “I Accept” button.

Cancel Accept

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Convertible Fund

Daily price w/o sales charge as of 01/14/2019

$12.19

arrowDown$0.06

YTD Returns w/o sales charge as of 01/14/2019

3.22%

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.

Yield

12-Month Dividend Yield 1 as of 01/14/2019  

w/o sales charge 4.09%

30-Day Standardized Yield 2 as of 12/31/2018  

2.11%

Fund Basicsas of 12/31/2018

Total Net Assets
$773.66 M
Inception Date
09/28/2007
Dividend Frequency
Quarterly
Fund Expense Ratio
0.94%
Number of Holdings
99
CUSIP
543916498

Fund Expense Ratio :

0.94%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -3.45% -3.45% 8.24% 4.36% 9.56% 4.91%
Lipper Category Avg. Convertible Securities Funds -1.91% -1.91% 6.36% 4.18% 9.95% -
ICE BofAML All Convertible Index 0.15% 0.15% 7.94% 5.95% 12.21% 6.20%

Fund Expense Ratio :

0.94%

Fund Expense Ratio :

0.94%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -3.45% -3.45% 8.24% 4.36% 9.56% 4.91%
Lipper Category Avg. Convertible Securities Funds -1.91% -1.91% 6.36% 4.18% 9.95% -
ICE BofAML All Convertible Index 0.15% 0.15% 7.94% 5.95% 12.21% 6.20%

Fund Expense Ratio :

0.94%

Returns with sales charges reflect a maximum sales charge of 2.25%.

RELATED CONTENT

Convertible Bonds Can Play a Valuable Role in a Portfolio
Convertible Bonds Can Play a Valuable Role in a Portfolio
May 30, 2017

Investors looking for income plus equity-like returns, but with lower volatility, may be surprised at the unique return profile and diversification benefits of convertibles.

Type Assets
Convertible Bonds
Convertible Preferred Stock
Common Stock
Other
Cash

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

Maturity Assets
S.T & N.O.A
1 - 5 YEARS
6 - 10 YEARS
11 - 20 YEARS
21 - 30 YEARS
31 + YEARS
PFD(EQUITY)

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 12/31/2018 View Portfolio

Rating Assets
A
BBB
BB
B
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 Kurtz
Alan Kurtz

Portfolio Manager

19 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Supported By 64 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

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

Performance

Performance

12-Month Dividend Yield 1 as of 01/14/2019  

w/o sales charge 4.09%

30-Day Standardized Yield 2 as of 12/31/2018  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.11% 2.11%

Fund Expense Ratio :

0.94%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -3.45% -3.45% 8.24% 4.36% 9.56% 4.91%
Lipper Category Avg. Convertible Securities Funds -1.91% -1.91% 6.36% 4.18% 9.95% -
ICE BofAML All Convertible Index 0.15% 0.15% 7.94% 5.95% 12.21% 6.20%

Fund Expense Ratio :

0.94%

Fund Expense Ratio :

0.94%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -3.45% -3.45% 8.24% 4.36% 9.56% 4.91%
Lipper Category Avg. Convertible Securities Funds -1.91% -1.91% 6.36% 4.18% 9.95% -
ICE BofAML All Convertible Index 0.15% 0.15% 7.94% 5.95% 12.21% 6.20%

Fund Expense Ratio :

0.94%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year Fund Returns ICE BofAML All Convertible Index
2018 -3.45% 0.15%
2017 16.67% 13.70%
2016 12.57% 10.43%
2015 -8.00% -2.99%
2014 6.09% 9.44%
2013 26.03% 24.92%
2012 12.30% 14.96%
2011 -8.89% -5.18%
2010 14.95% 16.77%
2009 35.81% 49.12%
2008 -31.43% -
2007 8.41% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 - - - - 3.22%
2018 1.28% 2.56% 5.08% -11.54% -3.45%
2017 6.48% 2.70% 4.10% 2.49% 16.67%
2016 -1.52% 3.41% 7.88% 2.47% 12.57%
2015 2.47% -0.54% -9.60% -0.14% -8.00%
2014 2.14% 3.88% -1.26% 1.26% 6.09%
2013 6.61% 3.07% 7.85% 6.34% 26.03%
2012 9.42% -4.03% 4.70% 2.14% 12.30%
2011 4.69% -1.33% -14.59% 3.26% -8.89%
2010 3.32% -7.23% 11.15% 7.90% 14.95%
2009 1.97% 11.41% 12.90% 5.88% 35.81%
2008 -7.31% 3.56% -16.32% -14.63% -31.43%
2007 2.29% 4.05% 1.48% 0.38% 8.41%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Convertible Bonds
Convertible Preferred Stock
Common 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
S.T & N.O.A
1 - 5 YEARS
6 - 10 YEARS
11 - 20 YEARS
21 - 30 YEARS
31 + YEARS
PFD(EQUITY)

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 12/31/2018

Rating Assets
A
BBB
BB
B
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 Positioning as of 09/30/2018

  • Continued employment gains and recently-passed tax reform paint a healthy backdrop for the American consumer. As such, we continue to favor exposure to companies levered to consumer markets while remaining cautious as early signs of wage pressure emerge.
  • During the quarter, we reduced the portfolio’s exposure to software companies. We have taken some profits in software as we believe that much of the potential growth within the industry is priced in.
  • We are overweight the energy sector within the portfolio as commodity prices have stabilized. Specifically, we favor offshore drilling companies, as well as energy service companies that may benefit from higher levels of production activity.
  • The portfolio’s equity sensitivity is in-line with the broader convertible market. During the spikes in volatility that occurred throughout 2018, we found opportunities in securities that offered improved risk-reward profiles as they approached their bond floors.

Portfolio Details as of 12/31/2018

Total Net Assets
$773.66 M
Number of Issues
99
Average Coupon
2.44%
Average Maturity
5.69 Years

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 Maturity - The length of time until the average security in a portfolio will mature or be redeemed by its issuer in proportion to its dollar value. Indicating a portfolio’s sensitivity to general market interest rate changes, a longer average maturity implies greater relative portfolio volatility.

Holding Coupon Maturity Assets
SolarCity Corp. 1.625% 11/01/2019 4.2%
FireEye, Inc. 1.625% 06/01/2035 4.1%
SunPower Corp. 4.000% 01/15/2023 3.7%
Vipshop Holdings Ltd. 1.500% 03/15/2019 3.1%
Microchip Technology, Inc. 1.625% 02/15/2025 3.0%
Wells Fargo & Co. 7.500% - 2.8%
Tesla Motors, Inc. 1.250% 03/01/2021 2.8%
Bank of America Corp. 7.250% - 2.6%
DISH Network Corp. 3.375% 08/15/2026 1.9%
Becton, Dickinson & Co. 6.130% 05/01/2020 1.8%
% of Total Assets 30.0%

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.

Holding Coupon Maturity Assets
SolarCity Corp.1.625% 11/01/20193.8%
FireEye, Inc.1.625% 06/01/20353.7%
SunPower Corp.4.000% 01/15/20233.4%
Microchip Technology, Inc.1.625% 02/15/20252.8%
Vipshop Holdings Ltd.1.500% 03/15/20192.8%
Wells Fargo & Co.7.500% -2.5%
Bank of America Corp.7.250% -2.4%
Tesla Motors, Inc.1.250% 03/01/20212.0%
Becton, Dickinson & Co.6.130% 05/01/20201.8%
DISH Network Corp.3.375% 08/15/20261.8%
Illumina, Inc.0.500% 06/15/20211.7%
Crown Castle International Corp.6.880% 08/01/20201.6%
Chesapeake Energy Corp.5.500% 09/15/20261.6%
KB Home1.375% 02/01/20191.5%
Herbalife Ltd.2.625% 03/15/20241.5%
Live Nation Entertainment, Inc.2.500% 03/15/20231.4%
Scorpio Tankers, Inc.2.375% 07/01/20191.4%
Intel Corp.3.250% 08/01/20391.4%
Tornier N.V.2.250% 11/15/20211.4%
ON Semiconductor Corp.1.000% 12/01/20201.4%
Twilio, Inc.0.250% 06/01/20231.3%
Exact Sciences Corp.1.000% 01/15/20251.3%
Advanced Micro Devices, Inc.2.125% 09/01/20261.3%
International Flavors & Fragrances, Inc.6.000% 09/15/20211.2%
Vector Group Ltd.2.500% 01/15/20191.2%
BioMarin Pharmaceutical, Inc.1.500% 10/15/20201.2%
Tilray Inc5.000% 10/01/20231.1%
MongoDB Inc0.750% 06/15/20241.1%
Okta Inc0.250% 02/15/20231.1%
NXP Semiconductor N.V.1.000% 12/01/20191.0%
DexCom, Inc.0.750% 05/15/20221.0%
Post Holdings, Inc.2.500% -1.0%
Cheniere Energy, Inc.4.250% 03/15/20451.0%
American Realty Capital Properties, Inc.3.750% 12/15/20201.0%
NextEra Energy, Inc.0.000% -1.0%
Intercept Pharmaceuticals, Inc.3.250% 07/01/20231.0%
Molina Healthcare, Inc.1.125% 01/15/20201.0%
Teladoc, Inc.3.000% 12/15/20221.0%
Sarepta Therapeutics, Inc.1.500% 11/15/20240.9%
Anthem, Inc.2.750% 10/15/20420.9%
Caesars Entertainment Corp5.000% 10/01/20240.9%
Extra Space Storage L.P.3.125% 10/01/20350.9%
Electronics for Imaging, Inc.0.750% 09/01/20190.9%
Five9, Inc.0.125% 05/01/20230.9%
CenterPoint Energy, Inc.7.000% 09/01/20210.9%
Neurocrine Biosciences, Inc.2.250% 05/15/20240.9%
Etsy, Inc.0.000% 03/01/20230.9%
NextEra Energy Partners L.P.1.500% 09/15/20200.8%
FTI Consulting, Inc.2.000% 08/15/20230.8%
Micron Technology, Inc.2.125% 02/15/20330.8%
IAC FinanceCo Inc0.875% 10/01/20220.8%
Weibo Corp.1.250% 11/15/20220.8%
DTE Energy Co.6.500% 10/01/20190.7%
Aerojet Rocketdyne Holdings, Inc.2.250% 12/15/20230.7%
NextEra Energy, Inc.6.120% 09/01/20190.7%
Twitter, Inc.0.250% 06/15/20240.7%
Canopy Growth Corp4.250% 07/15/20230.7%
Square, Inc.0.500% 05/15/20230.7%
Intelsat SA4.500% 06/15/20250.7%
Atlassian Inc0.625% 05/01/20230.7%
Tesla Motors, Inc.0.250% 03/01/20190.7%
Chegg, Inc.0.250% 05/15/20230.7%
Euronet Worldwide, Inc.1.500% 10/01/20440.7%
DHT Holdings, Inc.4.500% 08/15/20210.7%
Chart Industries, Inc.1.000% 11/15/20240.7%
iQIYI Inc3.750% 12/01/20230.7%
Scorpio Tankers, Inc.3.000% 05/15/20220.7%
Helix Energy Solutions Group, Inc.4.125% 09/15/20230.6%
FireEye, Inc.1.000% 06/01/20350.6%
Mandatory Exchangeable Trust5.750% 06/01/20190.6%
Repligen Corp.2.125% 06/01/20210.6%
Momo Inc1.250% 07/01/20250.6%
Workday, Inc.1.500% 07/15/20200.6%
Gold Exchangeable Ltd.6.875% 05/13/20220.6%
Starwood Property Trust, Inc.4.375% 04/01/20230.6%
FireEye, Inc.0.875% 06/01/20240.6%
Macquarie Infrastructure Co. LLC2.875% 07/15/20190.6%
Restoration Hardware Holdings, Inc.0.000% 07/15/20200.6%
Visa, Inc.0.000% -0.5%
Citrix Systems, Inc.0.500% 04/15/20190.5%
Rollins, Inc.0.000% -0.5%
Azul SA0.000% -0.5%
Anthem, Inc.0.000% -0.5%
Kratos Defense & Security Solutions Inc0.000% -0.4%
Exponent, Inc.0.000% -0.4%
Yahoo!, Inc.0.000% 12/01/20190.4%
Adidas AG0.000% -0.4%
American Tower Corp.0.000% -0.4%
Wingstop, Inc.0.000% -0.4%
Ollie's Bargain Outlet Holdings Inc0.000% -0.4%
Trade Desk, Inc./The0.000% -0.4%
Ensco Jersey Finance Ltd.3.000% 01/31/20240.4%
GDS Holdings Ltd2.000% 06/01/20250.4%
Kornit Digital Ltd.0.000% -0.3%
Wal-Mart Stores, Inc.0.000% -0.3%
Glaukos Corp.0.000% -0.3%
Teledyne Technologies, Inc.0.000% -0.3%
Canada Goose Holdings Inc0.000% -0.3%
Radian Group, Inc.0.000% -0.3%
MGIC Investment Corp.0.000% -0.3%
TJX Cos., Inc.0.000% -0.2%
Acreage Holdings Inc0.000% -0.2%
Southwestern Energy Co.0.000% -0.1%
RPM International, Inc.0.000% -0.0%
ElectroCore Inc0.000% -0.0%
FX USD/CAD 12/180.000% 12/06/2018-0.1%
FX USD/EUR 03/190.000% 03/07/2019-0.1%
FX USD/EUR 12/180.000% 12/07/2018-0.3%
FX USD/CAD 12/180.000% 12/06/2018-0.7%

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 01/14/2019
$0
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/26/2018 12/27/2018 12/27/2018 $0.06160 $11.71
12/17/2018 12/18/2018 12/18/2018 $0.31070 $11.95
09/27/2018 09/28/2018 09/28/2018 $0.03900 $14.21
06/28/2018 06/29/2018 06/29/2018 $0.03960 $13.56
03/28/2018 03/29/2018 03/29/2018 $0.04790 $13.26

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
03/28/2019 03/29/2019 03/29/2019
06/27/2019 06/28/2019 06/28/2019
09/26/2019 09/27/2019 09/27/2019
12/26/2019 12/27/2019 12/27/2019

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2018 12/18/2018 $0.3913 - $0.3913 $11.95
*

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. 

Upcoming Capital Gain Distribution

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
12/17/2019 12/18/2019

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2018

0.94%

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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
+

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset 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.

 

5

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

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

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.

 

 

Class F - The inception date for Class F shares is September 28, 2007. The performance quotations for Class F are based on the following methods of calculation: (a) for periods prior to September 28, 2007, a restated figure is used based on the Fund's Class I performance, which does not have a 12b-1 fee, adjusted to reflect the Rule 12b-1 rate differential between Class I and Class F; and (b) for periods after September 28, 2007, actual Class F performance is used reflecting all charges and fees applicable to Class F shares.

Class F shares are available only to eligible fee-based advisory programs and certain registered investment advisers. For additional information, see the Fund’s current prospectus.

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.

Source: ICE Data Indices, LLC. 

Source ICE Data Indices, LLC (“ICE”), used with permission. ICE PERMITS USE OF THE ICE BofAML INDICES AND RELATED DATA ON AN "AS IS" BASIS, MAKES NO WARRANTIES REGARDING SAME, DOES NOT GUARANTEE THE SUITABILITY, QUALITY, ACCURACY, TIMELINESS, AND/OR COMPLETENESS OF THE ICE BofAML INDICES OR ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM, ASSUMES NO LIABILITY IN CONNECTION WITH THE USE OF THE FOREGOING, AND DOES NOT SPONSOR, ENDORSE, OR RECOMMEND LORD ABBETT, OR ANY OF ITS PRODUCTS OR SERVICES.

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.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

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.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field