Convertible Fund
Daily price w/o sales charge as of 06/24/2022
$12.73
$0.18
YTD Returns w/o sales charge as of 06/24/2022
-21.02%
Overall Morningstar RatingsConvertibles
as of 05/31/2022
Morningstar rated the Lord Abbett Convertible Fund class F share 4, 4 and 4 stars among 73, 71 and 54 Convertibles Funds for the overall rating and the 3, 5 and 10 year periods ended 5/31/2022, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 05/31/2022
- Total Net Assets
- $1.01 B
- Inception Date
- 09/28/2007
- Dividend Frequency
- Quarterly
- Fund Expense Ratio
- 0.93%
- Number of Holdings
- 68
Yield
12-Month Dividend Yield 1 as of 06/24/2022
w/o sales charge | 2.17% |
30-Day Standardized Yield 2 as of 05/31/2022
2.54% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
0.93%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | -18.66% | -18.24% | 15.00% | 11.84% | 11.14% | 7.50% |
Lipper Category Avg. Convertible Securities Funds | -14.12% | -12.25% | 12.44% | 10.45% | 9.93% | - |
ICE BofA All Convertible Index | -14.96% | -12.83% | 14.14% | 11.58% | 11.57% | 8.26% |
Fund Expense Ratio :
0.93%
Fund Expense Ratio :
0.93%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | -7.68% | -8.07% | 19.78% | 15.14% | 11.84% | 8.53% |
Lipper Category Avg. Convertible Securities Funds | -5.43% | -2.57% | 16.21% | 13.03% | 10.32% | - |
ICE BofA All Convertible Index | -5.41% | -2.21% | 18.00% | 14.39% | 12.16% | 9.16% |
Fund Expense Ratio :
0.93%
The performance quoted represents past performance, which is no indication 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. Therefore, there can be no assurance for future results.
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 05/31/2022
Rating | Assets |
---|---|
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


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Performance
Performance
12-Month Dividend Yield 1 as of 06/24/2022
w/o sales charge | 2.17% |
30-Day Standardized Yield 2 as of 05/31/2022
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 2.54% | 2.54% |
Fund Expense Ratio :
0.93%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | -18.66% | -18.24% | 15.00% | 11.84% | 11.14% | 7.50% |
Lipper Category Avg. Convertible Securities Funds | -14.12% | -12.25% | 12.44% | 10.45% | 9.93% | - |
ICE BofA All Convertible Index | -14.96% | -12.83% | 14.14% | 11.58% | 11.57% | 8.26% |
Fund Expense Ratio :
0.93%
Fund Expense Ratio :
0.93%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | -7.68% | -8.07% | 19.78% | 15.14% | 11.84% | 8.53% |
Lipper Category Avg. Convertible Securities Funds | -5.43% | -2.57% | 16.21% | 13.03% | 10.32% | - |
ICE BofA All Convertible Index | -5.41% | -2.21% | 18.00% | 14.39% | 12.16% | 9.16% |
Fund Expense Ratio :
0.93%
The performance quoted represents past performance, which is no indication 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. Therefore, there can be no assurance for future results.
The Fund changed its investment strategy on 09/28/2007. Performance is calculated from this date.
Year | Fund Returns | ICE BofA All Convertible Index |
---|
2021 | 1.11% | 6.34% |
2020 | 64.10% | 46.22% |
2019 | 24.88% | 23.15% |
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% | - |
2010 | 14.95% | - |
2009 | 35.81% | - |
2008 | -31.43% | - |
2007 | 8.41% | - |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2022 | -7.68% | - | - | - | -21.02% |
2021 | 1.53% | -0.29% | 0.15% | -0.27% | 1.11% |
2020 | -7.85% | 27.16% | 16.23% | 20.49% | 64.10% |
2019 | 11.32% | 4.72% | -0.38% | 7.53% | 24.88% |
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) |
Credit Quality Distribution as of 05/31/2022
Rating | Assets |
---|---|
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 DETAILS as of 05/31/2022
- Total Net Assets
- $1.01 B
- Number of Issues
- 68
- Average Coupon
- 1.17%
- Average Maturity
- 3.83 Years
- Average Effective Duration
- 0.01 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.
Top Ten Holdings as of 05/31/2022
Holding | Sector | Assets |
---|
Canopy Growth Corp | Consumer, Non-cyclical | 5.1% |
Chegg Inc | Consumer, Non-cyclical | 4.2% |
Palo Alto Networks Inc | Communications | 4.1% |
Western Digital Corp | Technology | 3.8% |
Block Inc | Consumer, Non-cyclical | 3.5% |
Scorpio Tankers Inc | Industrial | 3.0% |
Enphase Energy Inc | Energy | 2.6% |
Broadcom Inc | Technology | 2.5% |
Pioneer Natural Resources Co | Energy | 2.5% |
Wayfair Inc | Communications | 2.5% |
Holding | Coupon | Maturity | Assets |
---|
Canopy Growth Corp | 4.250% | 07/15/2023 | 5.2% |
Block Inc | 0.000% | 05/01/2026 | 4.5% |
Palo Alto Networks Inc | 0.375% | 06/01/2025 | 4.0% |
Chegg Inc | 0.000% | 09/01/2026 | 4.0% |
Scorpio Tankers Inc | 3.000% | 05/15/2025 | 3.6% |
Broadcom Inc | 0.000% | 09/30/2022 | 3.3% |
Airbnb Inc | 0.000% | 03/15/2026 | 3.2% |
Wayfair Inc | 0.625% | 10/01/2025 | 2.7% |
Enphase Energy Inc | 0.000% | 03/01/2028 | 2.7% |
Expedia Group Inc | 0.000% | 02/15/2026 | 2.6% |
Snap Inc | 0.000% | 05/01/2027 | 2.5% |
Royal Caribbean Cruises Ltd | 4.250% | 06/15/2023 | 2.5% |
Live Nation Entertainment Inc | 2.500% | 03/15/2023 | 2.2% |
Marriott Vacations Worldwide Corp | 1.500% | 09/15/2022 | 2.2% |
NextEra Energy Inc | 0.000% | 09/01/2022 | 2.0% |
Etsy Inc | 0.250% | 06/15/2028 | 2.0% |
MongoDB Inc | 0.250% | 01/15/2026 | 1.9% |
Dexcom Inc | 0.750% | 12/01/2023 | 1.9% |
Teladoc Health Inc | 1.250% | 06/01/2027 | 1.9% |
CryoPort Inc | 0.750% | 12/01/2026 | 1.9% |
MGP Ingredients Inc | 1.875% | 11/15/2041 | 1.8% |
Insmed Inc | 0.750% | 06/01/2028 | 1.8% |
Sea Ltd | 0.250% | 09/15/2026 | 1.7% |
Lumentum Holdings Inc | 0.500% | 12/15/2026 | 1.6% |
Pioneer Natural Resources Co | 0.250% | 05/15/2025 | 1.6% |
CONMED Corp | 2.625% | 02/01/2024 | 1.6% |
Liberty Media Corp-Liberty Formula One | 1.000% | 01/30/2023 | 1.5% |
Danaher Corp | 0.000% | 04/15/2023 | 1.5% |
DraftKings Inc | 0.000% | 03/15/2028 | 1.4% |
Sunrun Inc | 0.000% | 02/01/2026 | 1.4% |
Bill.com Holdings Inc | 0.000% | 04/01/2027 | 1.3% |
Insulet Corp | 0.375% | 09/01/2026 | 1.3% |
Rapid7 Inc | 0.250% | 03/15/2027 | 1.3% |
ServiceNow Inc | 0.000% | 06/01/2022 | 1.3% |
Southwest Airlines Co | 1.250% | 05/01/2025 | 1.2% |
ON Semiconductor Corp | 0.000% | 05/01/2027 | 1.2% |
American Airlines Group Inc | 6.500% | 07/01/2025 | 1.1% |
Zscaler Inc | 0.125% | 07/01/2025 | 1.1% |
Greenbrier Cos Inc/The | 2.875% | 04/15/2028 | 1.1% |
Lyft Inc | 1.500% | 05/15/2025 | 1.1% |
Livent Corp | 4.125% | 07/15/2025 | 1.0% |
Bank of America Corp | 0.000% | - | 1.0% |
Wolfspeed Inc | 1.750% | 05/01/2026 | 1.0% |
Euronet Worldwide Inc | 0.750% | 03/15/2049 | 1.0% |
Green Plains Inc | 2.250% | 03/15/2027 | 1.0% |
Datadog Inc | 0.125% | 06/15/2025 | 0.9% |
Envista Holdings Corp | 2.375% | 06/01/2025 | 0.9% |
Tesla Inc | 2.000% | 05/15/2024 | 0.8% |
Coupa Software Inc | 0.125% | 06/15/2025 | 0.8% |
FTI Consulting Inc | 2.000% | 08/15/2023 | 0.8% |
RealReal Inc/The | 1.000% | 03/01/2028 | 0.8% |
Virgin Galactic Holdings Inc | 2.500% | 02/01/2027 | 0.8% |
GDS Holdings Ltd | 2.000% | 06/01/2025 | 0.8% |
MakeMyTrip Ltd | 0.000% | 02/15/2028 | 0.8% |
Penn National Gaming Inc | 2.750% | 05/15/2026 | 0.7% |
Ascendis Pharma A/S | 2.250% | 04/01/2028 | 0.6% |
Fiverr International Ltd | 0.000% | 11/01/2025 | 0.6% |
fuboTV Inc | 3.250% | 02/15/2026 | 0.6% |
Western Digital Corp | 1.500% | 02/01/2024 | 0.5% |
SunPower Corp | 4.000% | 01/15/2023 | 0.5% |
Danimer Scientific Inc | 3.250% | 12/15/2026 | 0.5% |
Wayfair Inc | 1.000% | 08/15/2026 | 0.4% |
Cytokinetics Inc | 4.000% | 11/15/2026 | 0.4% |
Mirati Therapeutics Inc | 0.000% | - | 0.3% |
Snap Inc | 0.750% | 08/01/2026 | 0.2% |
Block Inc | 0.250% | 11/01/2027 | 0.1% |
FX USD/CAD 07/22 | 0.000% | 07/20/2022 | -5.3% |
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
- YTD Dividends Paidas of 06/24/2022
- $0.038
- Dividend Frequency
- Quarterly
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
03/29/2022 | 03/30/2022 | 03/30/2022 | $0.03890 | $14.93 |
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 |
---|---|---|
06/28/2022 | 06/29/2022 | 06/29/2022 |
09/28/2022 | 09/29/2022 | 09/29/2022 |
12/27/2022 | 12/28/2022 | 12/28/2022 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/16/2021 | 12/17/2021 | $1.6293 | $1.0924 | $2.7217 | $15.91 |
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 |
---|---|
12/19/2022 | 12/20/2022 |
Fees & Expenses
Fees & Expenses
Expense Ratioas of 05/31/2022
0.93% |
Fund Documents
Fund Documents
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0Documents selected
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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