Convertible Fund
Daily price w/o sales charge as of 04/18/2024
$12.98
$0.02
YTD Returns w/o sales charge as of 04/18/2024
1.30%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 03/28/2024
- Total Net Assets
- $586.35 M
- Inception Date
- 04/05/2017
- Dividend Frequency
- Quarterly
- Fund Gross Expense Ratio
- 0.81%
- Fund Net Expense Ratio
- 0.81%
- Number of Holdings
- 76
Yield
12-Month Dividend Yield 1 as of 04/18/2024
w/o sales charge | 1.86% |
30-Day Standardized Yield 2 as of 03/31/2024 |
1.18% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.81%
Net 0.81%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
---|
w/o sales charge | 4.73% | 10.01% | -4.84% | 10.06% | 8.16% | 7.70% |
Lipper Category Avg. Convertible Securities Funds | 2.82% | 9.05% | -1.83% | 8.79% | 7.31% | - |
ICE BofA All Convertible Index | 2.37% | 11.53% | -0.89% | 10.34% | 8.72% | - |
w/ sales charge | 4.73% | 10.01% | -4.84% | 10.06% | 8.16% | 7.70% |
Fund Expense Ratio :
Gross 0.81%
Net 0.81%
Fund Expense Ratio :
Gross 0.81%
Net 0.81%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
---|
w/o sales charge | 4.73% | 10.01% | -4.84% | 10.06% | 8.16% | 7.70% |
Lipper Category Avg. Convertible Securities Funds | 2.82% | 9.05% | -1.83% | 8.79% | 7.31% | - |
ICE BofA All Convertible Index | 2.37% | 11.53% | -0.89% | 10.34% | 8.72% | - |
Fund Expense Ratio :
Gross 0.81%
Net 0.81%
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 |
---|---|
Less than 1 year | |
1-2.99 years | |
3-4.99 years | |
5-6.99 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 03/28/2024
Rating | Assets |
---|---|
A | |
BBB | |
BB | |
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
Your Representative
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Performance
Performance
12-Month Dividend Yield 1 as of 04/18/2024
w/o sales charge | 1.86% |
30-Day Standardized Yield 2 as of 03/31/2024
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 1.18% | 1.18% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.81%
Net 0.81%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
---|
w/o sales charge | 4.73% | 10.01% | -4.84% | 10.06% | 8.16% | 7.70% |
Lipper Category Avg. Convertible Securities Funds | 2.82% | 9.05% | -1.83% | 8.79% | 7.31% | - |
ICE BofA All Convertible Index | 2.37% | 11.53% | -0.89% | 10.34% | 8.72% | - |
w/ sales charge | 4.73% | 10.01% | -4.84% | 10.06% | 8.16% | 7.70% |
Fund Expense Ratio :
Gross 0.81%
Net 0.81%
Fund Expense Ratio :
Gross 0.81%
Net 0.81%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
---|
w/o sales charge | 4.73% | 10.01% | -4.84% | 10.06% | 8.16% | 7.70% |
Lipper Category Avg. Convertible Securities Funds | 2.82% | 9.05% | -1.83% | 8.79% | 7.31% | - |
ICE BofA All Convertible Index | 2.37% | 11.53% | -0.89% | 10.34% | 8.72% | - |
Fund Expense Ratio :
Gross 0.81%
Net 0.81%
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 06/30/2003. Performance is calculated from this date.
Year | Fund Returns | ICE BofA All Convertible Index |
---|
2023 | 7.30% | 13.17% |
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% | -2.99% |
2014 | 6.28% | 9.44% |
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 |
---|
2024 | 4.73% | - | - | - |
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 | |
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 |
---|---|
Less than 1 year | |
1-2.99 years | |
3-4.99 years | |
5-6.99 years | |
Greater than 10 years |
Credit Quality Distribution as of 03/28/2024
Rating | Assets |
---|---|
A | |
BBB | |
BB | |
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 03/28/2024
- Total Net Assets
- $586.35 M
- Average Coupon
- 1.17%
- Average Effective Duration
- 0.01 Years
- Average Maturity
- 3.55 Years
- Number of Issues
- 76
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 03/28/2024
Holding | Sector | Assets |
---|
Okta Inc | Communications | 4.5% |
NuVasive Inc | Consumer, Non-cyclical | 3.9% |
Euronet Worldwide Inc | Consumer, Non-cyclical | 3.8% |
Bank of America Corp | Financial | 3.7% |
BILL Holdings Inc | Technology | 3.6% |
BioMarin Pharmaceutical Inc | Consumer, Non-cyclical | 3.5% |
Uber Technologies Inc | Communications | 3.1% |
Match Group Financeco 2 Inc | Communications | 3.0% |
Shopify Inc | Communications | 2.7% |
Live Nation Entertainment Inc | Consumer, Cyclical | 2.6% |
Holding | Coupon | Maturity | Assets |
---|
Okta Inc | 0.125% | 09/01/2025 | 5.1% |
Euronet Worldwide Inc | 0.750% | 03/15/2049 | 3.9% |
Bank of America Corp | 0.000% | - | 3.7% |
BILL Holdings Inc | 0.000% | 04/01/2027 | 3.6% |
BioMarin Pharmaceutical Inc | 0.599% | 08/01/2024 | 3.6% |
Lumentum Holdings Inc | 0.250% | 03/15/2024 | 3.5% |
Uber Technologies Inc | 0.000% | 12/15/2025 | 3.2% |
Shopify Inc | 0.125% | 11/01/2025 | 2.8% |
COPT Defense Properties LP | 5.250% | 09/15/2028 | 2.5% |
Zillow Group Inc | 2.750% | 05/15/2025 | 2.3% |
Royal Caribbean Cruises Ltd | 6.000% | 08/15/2025 | 2.1% |
Live Nation Entertainment Inc | 2.000% | 02/15/2025 | 2.1% |
NuVasive Inc | 0.375% | 03/15/2025 | 2.0% |
Seagate HDD Cayman | 3.500% | 06/01/2028 | 2.0% |
Apollo Global Management Inc | 0.000% | 07/31/2026 | 2.0% |
Western Digital Corp | 3.000% | 11/15/2028 | 1.8% |
Dexcom Inc | 0.375% | 05/15/2028 | 1.8% |
Palo Alto Networks Inc | 0.375% | 06/01/2025 | 1.7% |
MongoDB Inc | 0.250% | 01/15/2026 | 1.7% |
HAT Holdings I LLC / HAT Holdings II LLC | 0.000% | 05/01/2025 | 1.6% |
Enphase Energy Inc | 0.000% | 03/01/2028 | 1.5% |
ANLLIAN Capital Ltd | 0.000% | 02/05/2025 | 1.5% |
RingCentral Inc | 0.000% | 03/15/2026 | 1.5% |
Bridgebio Pharma Inc | 2.250% | 02/01/2029 | 1.4% |
Freshpet Inc | 3.000% | 04/01/2028 | 1.4% |
Datadog Inc | 0.125% | 06/15/2025 | 1.3% |
Super Micro Computer Inc | 0.000% | 03/01/2029 | 1.3% |
Five9 Inc | 0.500% | 06/01/2025 | 1.3% |
Match Group Financeco 2 Inc | 0.875% | 06/15/2026 | 1.3% |
CyberArk Software Ltd | 0.000% | 11/15/2024 | 1.3% |
Natera Inc | 2.250% | 05/01/2027 | 1.3% |
Tetra Tech Inc | 2.250% | 08/15/2028 | 1.2% |
Glaukos Corp | 2.750% | 06/15/2027 | 1.2% |
Guidewire Software Inc | 1.250% | 03/15/2025 | 1.1% |
PDD Holdings Inc | 0.000% | 12/01/2025 | 1.1% |
Five9 Inc | 1.000% | 03/15/2029 | 1.1% |
TransMedics Group Inc | 1.500% | 06/01/2028 | 1.1% |
Airbnb Inc | 0.000% | 03/15/2026 | 1.1% |
Shockwave Medical Inc | 1.000% | 08/15/2028 | 1.1% |
Safran SA | 0.000% | 04/01/2028 | 1.1% |
Spotify USA Inc | 0.000% | 03/15/2026 | 1.0% |
ON SEMICONDUCTOR CORP | 0.500% | 03/01/2029 | 1.0% |
HubSpot Inc | 0.375% | 06/01/2025 | 1.0% |
Repligen Corp | 1.000% | 12/15/2028 | 1.0% |
Guardant Health Inc | 0.000% | 11/15/2027 | 0.9% |
Duke Energy Corp | 4.125% | 04/15/2026 | 0.9% |
CenterPoint Energy Inc | 4.250% | 08/15/2026 | 0.9% |
Wayfair Inc | 3.250% | 09/15/2027 | 0.9% |
Advanced Energy Industries Inc | 2.500% | 09/15/2028 | 0.8% |
Neurocrine Biosciences Inc | 2.250% | 05/15/2024 | 0.8% |
Granite Construction Inc | 3.750% | 05/15/2028 | 0.8% |
Akamai Technologies Inc | 0.125% | 05/01/2025 | 0.8% |
Fluor Corp | 1.125% | 08/15/2029 | 0.8% |
Wayfair Inc | 1.000% | 08/15/2026 | 0.7% |
Booking Holdings Inc | 0.750% | 05/01/2025 | 0.7% |
Zscaler Inc | 0.125% | 07/01/2025 | 0.7% |
Insmed Inc | 0.750% | 06/01/2028 | 0.7% |
DraftKings Holdings Inc | 0.000% | 03/15/2028 | 0.6% |
Axon Enterprise Inc | 0.500% | 12/15/2027 | 0.6% |
Carnival Corp | 5.750% | 12/01/2027 | 0.6% |
MakeMyTrip Ltd | 0.000% | 02/15/2028 | 0.5% |
Pioneer Natural Resources Co | 0.250% | 05/15/2025 | 0.5% |
Lyft Inc | 0.625% | 03/01/2029 | 0.5% |
Coinbase Global Inc | 0.500% | 06/01/2026 | 0.5% |
FX EUR/USD 05/24 | 0.000% | 05/22/2024 | 0.4% |
MicroStrategy Inc | 0.750% | 12/15/2025 | 0.4% |
Apellis Pharmaceuticals Inc | 3.500% | 09/15/2026 | 0.3% |
Canopy Growth Corp | 0.000% | - | 0.3% |
Chart Industries Inc | 0.000% | 12/15/2025 | 0.3% |
ZIS8762815 LACCUAT | 0.000% | 08/16/2024 | 0.1% |
ZIS8762815 LACCUAT | 0.000% | 07/19/2024 | 0.1% |
DKNG US 05/17/24 C55 (OTC) GOL | 0.000% | 05/17/2024 | 0.0% |
FX USD/EUR 05/24 | 0.000% | 05/22/2024 | -2.8% |
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 04/18/2024
- $0.04830
- Dividend Frequency
- Quarterly
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
03/26/2024 | 03/27/2024 | 03/27/2024 | $0.04830 | $13.45 |
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 |
---|---|---|
06/26/2024 | 06/27/2024 | 06/27/2024 |
09/24/2024 | 09/25/2024 | 09/25/2024 |
12/26/2024 | 12/27/2024 | 12/27/2024 |
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 | $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 03/31/2024
0.81% |
Fund Documents
Fund Documents
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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Commentary
Publish Date:11/03/2015
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