Convertible Fund
Daily price w/o sales charge as of 09/20/2019
$14.02
$0.02
YTD Returns w/o sales charge as of 09/20/2019
17.71%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
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 09/20/2019
| w/o sales charge | 3.49% |
30-Day Standardized Yield 2 as of 08/31/2019
| 0.43% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Basicsas of 08/30/2019
- Total Net Assets
- $713.58 M
- Inception Date
- 06/30/2003
- Dividend Frequency
- Quarterly
- Fund Expense Ratio
- 1.29%
- Number of Holdings
- 92
Fund Expense Ratio :
1.29%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
|---|
| w/o sales charge | 18.38% | 5.15% | 11.29% | 6.10% | 8.75% | 6.69% |
| Lipper Category Avg. Convertible Securities Funds | 16.23% | 4.83% | 9.72% | 5.82% | 9.07% | - |
| ICE BofAML All Convertible Index | 15.02% | 4.05% | 10.58% | 6.69% | 10.48% | 7.88% |
Fund Expense Ratio :
1.29%
Fund Expense Ratio :
1.29%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
|---|
| w/o sales charge | 16.37% | 7.94% | 12.85% | 6.03% | 9.49% | 6.65% |
| Lipper Category Avg. Convertible Securities Funds | 15.63% | 8.18% | 11.24% | 5.94% | 10.06% | - |
| ICE BofAML All Convertible Index | 14.51% | 7.93% | 12.17% | 6.90% | 11.60% | 7.93% |
Fund Expense Ratio :
1.29%
Returns with sales charges reflect a maximum sales charge of 2.25%.
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.
| Type | Assets |
|---|---|
| Convertible Bonds | |
| Common Stock | |
| 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.
| 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 08/30/2019 View Portfolio
| 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 09/20/2019
| w/o sales charge | 3.49% |
30-Day Standardized Yield 2 as of 08/31/2019
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 0.43% | 0.43% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
1.29%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
|---|
| w/o sales charge | 18.38% | 5.15% | 11.29% | 6.10% | 8.75% | 6.69% |
| Lipper Category Avg. Convertible Securities Funds | 16.23% | 4.83% | 9.72% | 5.82% | 9.07% | - |
| ICE BofAML All Convertible Index | 15.02% | 4.05% | 10.58% | 6.69% | 10.48% | 7.88% |
Fund Expense Ratio :
1.29%
Fund Expense Ratio :
1.29%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
|---|
| w/o sales charge | 16.37% | 7.94% | 12.85% | 6.03% | 9.49% | 6.65% |
| Lipper Category Avg. Convertible Securities Funds | 15.63% | 8.18% | 11.24% | 5.94% | 10.06% | - |
| ICE BofAML All Convertible Index | 14.51% | 7.93% | 12.17% | 6.90% | 11.60% | 7.93% |
Fund Expense Ratio :
1.29%
Returns with sales charges reflect a maximum sales charge of 2.25%.
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.
| Year | Fund Returns | ICE BofAML All Convertible Index |
|---|
| 2018 | -3.80% | 0.15% |
| 2017 | 16.30% | 13.70% |
| 2016 | 12.29% | 10.43% |
| 2015 | -8.14% | -2.99% |
| 2014 | 5.74% | 9.44% |
| 2013 | 25.59% | 24.92% |
| 2012 | 11.88% | 14.96% |
| 2011 | -9.24% | -5.18% |
| 2010 | 14.51% | 16.77% |
| 2009 | 35.43% | 49.12% |
| 2008 | -31.74% | - |
| 2007 | 8.98% | - |
| 2006 | 8.89% | - |
| 2005 | 3.65% | - |
| 2004 | 7.25% | - |
| 2003 | 10.82% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2019 | 11.21% | 4.63% | - | - | 17.71% |
| 2018 | 1.17% | 2.51% | 4.91% | -11.59% | -3.80% |
| 2017 | 6.38% | 2.65% | 3.95% | 2.45% | 16.30% |
| 2016 | -1.54% | 3.31% | 7.87% | 2.34% | 12.29% |
| 2015 | 2.45% | -0.65% | -9.59% | -0.17% | -8.14% |
| 2014 | 2.11% | 3.74% | -1.34% | 1.16% | 5.74% |
| 2013 | 6.54% | 3.03% | 7.76% | 6.18% | 25.59% |
| 2012 | 9.32% | -4.16% | 4.66% | 2.03% | 11.88% |
| 2011 | 4.53% | -1.40% | -14.70% | 3.23% | -9.24% |
| 2010 | 3.20% | -7.35% | 11.06% | 7.83% | 14.51% |
| 2009 | 1.85% | 11.36% | 12.92% | 5.74% | 35.43% |
| 2008 | -7.41% | 3.43% | -16.34% | -14.79% | -31.74% |
| 2007 | 2.26% | 3.93% | 2.24% | 0.29% | 8.98% |
| 2006 | 5.96% | -2.19% | 0.60% | 4.45% | 8.89% |
| 2005 | -2.24% | 0.93% | 5.18% | -0.12% | 3.65% |
| 2004 | 2.55% | -1.34% | -1.52% | 7.64% | 7.25% |
| 2003 | - | - | 1.91% | 8.75% | 10.82% |
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 | |
| Common Stock | |
| 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 |
|---|---|
| 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 08/30/2019
| 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 08/30/2019
- Total Net Assets
- $713.58 M
- Number of Issues
- 92
- Average Coupon
- 1.72%
- Average Maturity
- 4.76 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 | 5.0% |
| Wells Fargo & Co. | 7.500% | - | 4.3% |
| Microchip Technology, Inc. | 1.625% | 02/15/2025 | 3.7% |
| FireEye, Inc. | 1.625% | 06/01/2035 | 3.3% |
| SunPower Corp. | 4.000% | 01/15/2023 | 3.3% |
| Ctrip.com International Ltd. | 1.000% | 07/01/2020 | 3.1% |
| Chegg, Inc. | 0.125% | 03/15/2025 | 2.5% |
| Insulet Corp. | 1.375% | 11/15/2024 | 2.4% |
| Advanced Micro Devices, Inc. | 2.125% | 09/01/2026 | 2.4% |
| Twitter, Inc. | 0.250% | 06/15/2024 | 2.3% |
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.
| Holding | Coupon | Maturity | Assets |
|---|
| SolarCity Corp. | 1.625% | 11/01/2019 | 5.0% |
| Wells Fargo & Co. | 7.500% | - | 4.2% |
| Microchip Technology, Inc. | 1.625% | 02/15/2025 | 4.0% |
| FireEye, Inc. | 1.625% | 06/01/2035 | 3.3% |
| SunPower Corp. | 4.000% | 01/15/2023 | 3.2% |
| Ctrip.com International Ltd. | 1.000% | 07/01/2020 | 3.2% |
| Chegg, Inc. | 0.125% | 03/15/2025 | 2.6% |
| Advanced Micro Devices, Inc. | 2.125% | 09/01/2026 | 2.3% |
| Twitter, Inc. | 0.250% | 06/15/2024 | 2.2% |
| Starwood Property Trust, Inc. | 4.375% | 04/01/2023 | 2.1% |
| DISH Network Corp. | 3.375% | 08/15/2026 | 2.1% |
| Danaher Corp. | 4.750% | 04/15/2022 | 2.1% |
| Live Nation Entertainment, Inc. | 2.500% | 03/15/2023 | 1.8% |
| DexCom, Inc. | 0.750% | 05/15/2022 | 1.7% |
| NextEra Energy, Inc. | 6.120% | 09/01/2019 | 1.6% |
| Twitter, Inc. | 1.000% | 09/15/2021 | 1.6% |
| SunPower Corp. | 0.875% | 06/01/2021 | 1.6% |
| Euronet Worldwide, Inc. | 0.750% | 03/15/2049 | 1.6% |
| Novellus Systems, Inc. | 2.625% | 05/15/2041 | 1.5% |
| Insulet Corp. | 1.375% | 11/15/2024 | 1.5% |
| Enphase Energy, Inc. | 1.000% | 06/01/2024 | 1.5% |
| IAC FinanceCo Inc | 0.875% | 10/01/2022 | 1.4% |
| American Realty Capital Properties, Inc. | 3.750% | 12/15/2020 | 1.4% |
| FTI Consulting, Inc. | 2.000% | 08/15/2023 | 1.4% |
| Scorpio Tankers, Inc. | 3.000% | 05/15/2022 | 1.4% |
| Atlassian Inc | 0.625% | 05/01/2023 | 1.4% |
| CONMED Corp. | 2.625% | 02/01/2024 | 1.3% |
| Mercadolibre, Inc. | 2.000% | 08/15/2028 | 1.3% |
| Western Digital Corp. | 1.500% | 02/01/2024 | 1.2% |
| RingCentral, Inc. | 0.000% | 03/15/2023 | 1.2% |
| Nevro Corp. | 1.750% | 06/01/2021 | 1.2% |
| Everbridge, Inc. | 1.500% | 11/01/2022 | 1.2% |
| Zynga, Inc. | 0.250% | 06/01/2024 | 1.2% |
| Workday, Inc. | 1.500% | 07/15/2020 | 1.1% |
| MongoDB Inc | 0.750% | 06/15/2024 | 1.1% |
| Twilio, Inc. | 0.250% | 06/01/2023 | 1.1% |
| Coupa Software Inc | 0.125% | 06/15/2025 | 1.1% |
| NXP Semiconductor N.V. | 1.000% | 12/01/2019 | 1.1% |
| Sarepta Therapeutics, Inc. | 1.500% | 11/15/2024 | 1.0% |
| Patrick Industries, Inc. | 1.000% | 02/01/2023 | 1.0% |
| Inphi Corp. | 1.125% | 12/01/2020 | 1.0% |
| Teradyne, Inc. | 1.250% | 12/15/2023 | 1.0% |
| Repligen Corp. | 0.375% | 07/15/2024 | 1.0% |
| Okta Inc | 0.250% | 02/15/2023 | 1.0% |
| Safran S.A. | 0.000% | 06/21/2023 | 0.9% |
| ServiceNow, Inc. | 0.000% | 06/01/2022 | 0.9% |
| Q2 Holdings, Inc. | 0.750% | 06/01/2026 | 0.9% |
| GDS Holdings Ltd | 2.000% | 06/01/2025 | 0.9% |
| DHT Holdings, Inc. | 4.500% | 08/15/2021 | 0.9% |
| Square, Inc. | 0.375% | 03/01/2022 | 0.8% |
| Alteryx Inc | 0.500% | 06/01/2023 | 0.8% |
| Five9, Inc. | 0.125% | 05/01/2023 | 0.8% |
| Silver Standard Resources, Inc. | 2.500% | 04/01/2039 | 0.8% |
| Intelsat SA | 4.500% | 06/15/2025 | 0.6% |
| IIP Operating Partnership LP | 3.750% | 02/21/2024 | 0.6% |
| Puma SE | 0.000% | - | 0.6% |
| FX EUR/USD 09/19 | 0.000% | 09/09/2019 | 0.6% |
| First Solar, Inc. | 0.000% | - | 0.6% |
| Nintendo Co., Ltd. | 0.000% | - | 0.6% |
| Exponent, Inc. | 0.000% | - | 0.6% |
| Blueprint Medicines Corp. | 0.000% | - | 0.5% |
| Teladoc, Inc. | 3.000% | 12/15/2022 | 0.5% |
| Kornit Digital Ltd. | 0.000% | - | 0.5% |
| Guardant Health Inc | 0.000% | - | 0.5% |
| Lululemon Athletica, Inc. | 0.000% | - | 0.5% |
| Tandem Diabetes Care, Inc. | 0.000% | - | 0.5% |
| Vector Group Ltd. | 1.750% | 04/15/2020 | 0.5% |
| American Tower Corp. | 0.000% | - | 0.5% |
| Roku Inc | 0.000% | - | 0.5% |
| Wingstop, Inc. | 0.000% | - | 0.5% |
| Teledyne Technologies, Inc. | 0.000% | - | 0.5% |
| Sage Therapeutics, Inc. | 0.000% | - | 0.4% |
| Spotify Technology SA | 0.000% | - | 0.4% |
| CD Projekt SA | 0.000% | - | 0.4% |
| Amarin Corp. plc | 0.000% | - | 0.4% |
| Bright Horizons Family Solutions, Inc. | 0.000% | - | 0.4% |
| Zscaler Inc | 0.000% | - | 0.4% |
| Planet Fitness, Inc. | 0.000% | - | 0.4% |
| GW Pharmaceuticals plc | 0.000% | - | 0.4% |
| Dover Corp. | 0.000% | - | 0.4% |
| DENTSPLY International, Inc. | 0.000% | - | 0.4% |
| MSCI, Inc. | 0.000% | - | 0.4% |
| Etsy, Inc. | 0.000% | 03/01/2023 | 0.4% |
| HEICO Corp. | 0.000% | - | 0.4% |
| ON Semiconductor Corp. | 1.625% | 10/15/2023 | 0.4% |
| Canopy Growth Corp | 4.250% | 07/15/2023 | 0.3% |
| FX EUR/USD 09/19 | 0.000% | 09/09/2019 | 0.3% |
| Jumia Technologies AG | 0.000% | - | 0.3% |
| Nevro Corp. | 0.000% | - | 0.2% |
| FX EUR/USD 09/19 | 0.000% | 09/09/2019 | 0.1% |
| FX CAD/USD 09/19 | 0.000% | 09/05/2019 | 0.1% |
| Repligen Corp. | 2.125% | 06/01/2021 | 0.0% |
| FX CAD/USD 09/19 | 0.000% | 09/05/2019 | 0.0% |
| FX CAD/USD 09/19 | 0.000% | 09/05/2019 | 0.0% |
| FX USD/PLN 10/19 | 0.000% | 10/01/2019 | -0.1% |
| FX USD/EUR 09/19 | 0.000% | 09/09/2019 | -0.2% |
| FX USD/PLN 10/19 | 0.000% | 10/01/2019 | -0.3% |
| FX USD/CAD 09/19 | 0.000% | 09/05/2019 | -0.5% |
| FX USD/JPY 09/19 | 0.000% | 09/27/2019 | -0.6% |
| FX USD/EUR 09/19 | 0.000% | 09/09/2019 | -2.4% |
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 09/20/2019
- $0.101
- Dividend Frequency
- Quarterly
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 06/27/2019 | 06/28/2019 | 06/28/2019 | $0.04590 | $13.86 |
| 03/28/2019 | 03/29/2019 | 03/29/2019 | $0.05540 | $13.29 |
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 |
|---|---|---|
| 09/26/2019 | 09/27/2019 | 09/27/2019 |
| 12/26/2019 | 12/27/2019 | 12/27/2019 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 12/17/2018 | 12/18/2018 | $0.3913 | - | $0.3913 | $12.13 |
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 08/31/2019
| 1.29% |
Fund Documents
Fund Documents
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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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Prospectus (XBRL)
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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Flyer
Publish Date:11/03/2015
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