Convertible Fund
Daily price w/o sales charge as of 10/16/2020
$19.46
$0.04
YTD Returns w/o sales charge as of 10/16/2020
42.58%
Overall Morningstar RatingsConvertibles
as of 09/30/2020
Morningstar rated the Lord Abbett Convertible Fund class P share 5, 5 and 4 stars among 72, 68 and 50 Convertibles Funds for the overall rating and the 3, 5 and 10 year periods ended 9/30/2020, respectively.
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.
Fund Basicsas of 09/30/2020
- Total Net Assets
- $1.18 B
- Inception Date
- 06/30/2003
- Dividend Frequency
- Quarterly
- Fund Expense Ratio
- 1.31%
- Number of Holdings
- 97
Yield
12-Month Dividend Yield 1 as of 10/16/2020
| w/o sales charge | 0.85% |
30-Day Standardized Yield 2 as of 09/30/2020
| 0.03% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
1.31%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
|---|
| w/o sales charge | 35.91% | 45.87% | 18.55% | 16.22% | 10.99% | 8.48% |
| Lipper Category Avg. Convertible Securities Funds | 21.39% | 30.13% | 14.47% | 12.97% | 10.11% | - |
| ICE BofA All Convertible Index | 22.18% | 31.20% | 15.24% | 13.80% | 11.38% | 9.05% |
Fund Expense Ratio :
1.31%
Fund Expense Ratio :
1.31%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
|---|
| w/o sales charge | 35.91% | 45.87% | 18.55% | 16.22% | 10.99% | 8.48% |
| Lipper Category Avg. Convertible Securities Funds | 21.39% | 30.13% | 14.47% | 12.97% | 10.11% | - |
| ICE BofA All Convertible Index | 22.18% | 31.20% | 15.24% | 13.80% | 11.38% | 9.05% |
Fund Expense Ratio :
1.31%
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.
| 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 09/30/2020
| 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
Your Representative
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Performance
Performance
12-Month Dividend Yield 1 as of 10/16/2020
| w/o sales charge | 0.85% |
30-Day Standardized Yield 2 as of 09/30/2020
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 0.03% | 0.03% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
1.31%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
|---|
| w/o sales charge | 35.91% | 45.87% | 18.55% | 16.22% | 10.99% | 8.48% |
| Lipper Category Avg. Convertible Securities Funds | 21.39% | 30.13% | 14.47% | 12.97% | 10.11% | - |
| ICE BofA All Convertible Index | 22.18% | 31.20% | 15.24% | 13.80% | 11.38% | 9.05% |
Fund Expense Ratio :
1.31%
Fund Expense Ratio :
1.31%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
|---|
| w/o sales charge | 35.91% | 45.87% | 18.55% | 16.22% | 10.99% | 8.48% |
| Lipper Category Avg. Convertible Securities Funds | 21.39% | 30.13% | 14.47% | 12.97% | 10.11% | - |
| ICE BofA All Convertible Index | 22.18% | 31.20% | 15.24% | 13.80% | 11.38% | 9.05% |
Fund Expense Ratio :
1.31%
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.
The Fund changed its investment strategy on 06/30/2003. Performance is calculated from this date.
| Year | Fund Returns | ICE BofA All Convertible Index |
|---|
| 2019 | 24.40% | 23.15% |
| 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% | - |
| 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 |
|---|
| 2020 | -7.86% | 26.99% | 16.16% | - | 42.58% |
| 2019 | 11.21% | 4.63% | -0.39% | 7.32% | 24.40% |
| 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 | |
| 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 09/30/2020
| 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 DETAILS as of 09/30/2020
- Total Net Assets
- $1.18 B
- Number of Issues
- 97
- Average Coupon
- 1.86%
- Average Maturity
- 3.98 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 |
|---|
| Tesla Motors, Inc. | 2.000% | 05/15/2024 | 10.9% |
| Square, Inc. | 0.125% | 03/01/2025 | 3.4% |
| SunPower Corp. | 4.000% | 01/15/2023 | 3.2% |
| DexCom, Inc. | 0.250% | 11/15/2025 | 2.6% |
| Wayfair, Inc. | 0.625% | 10/01/2025 | 2.5% |
| Huazhu Group Ltd | 0.375% | 11/01/2022 | 2.4% |
| Coupa Software Inc | 0.375% | 06/15/2026 | 2.3% |
| NextEra Energy, Inc. | 4.872% | 09/01/2022 | 2.2% |
| Weibo Corp. | 1.250% | 11/15/2022 | 2.2% |
| Canopy Growth Corp | 4.250% | 07/15/2023 | 2.2% |
| Scorpio Tankers, Inc. | 3.000% | 05/15/2022 | 2.0% |
| Advanced Micro Devices, Inc. | 2.125% | 09/01/2026 | 2.0% |
| Danaher Corp. | 4.750% | 04/15/2022 | 2.0% |
| Enphase Energy, Inc. | 0.250% | 03/01/2025 | 1.9% |
| Microchip Technology, Inc. | 1.625% | 02/15/2025 | 1.9% |
| Match Group Financeco 2 Inc | 0.875% | 06/15/2026 | 1.8% |
| Okta Inc | 0.375% | 06/15/2026 | 1.8% |
| Akamai Technologies, Inc. | 0.375% | 09/01/2027 | 1.8% |
| RingCentral, Inc. | 0.000% | 03/01/2025 | 1.7% |
| Five9, Inc. | 0.500% | 06/01/2025 | 1.7% |
| Callaway Golf Co. | 2.750% | 05/01/2026 | 1.7% |
| Lumentum Holdings, Inc. | 0.500% | 12/15/2026 | 1.6% |
| Restoration Hardware Holdings, Inc. | 0.000% | 06/15/2023 | 1.5% |
| Redfin Corp | 1.750% | 07/15/2023 | 1.3% |
| Patrick Industries, Inc. | 1.000% | 02/01/2023 | 1.3% |
| Etsy, Inc. | 0.125% | 10/01/2026 | 1.2% |
| 2020 Mandatory Exchangeable Trust | 6.500% | 05/16/2023 | 1.2% |
| Teradyne, Inc. | 1.250% | 12/15/2023 | 1.2% |
| Hannon Armstrong Sustainable Infrastructure Capita | 4.125% | 09/01/2022 | 1.2% |
| Wells Fargo & Co. | 7.500% | - | 1.1% |
| Chart Industries, Inc. | 1.000% | 11/15/2024 | 1.1% |
| Twilio, Inc. | 0.250% | 06/01/2023 | 1.1% |
| Everbridge, Inc. | 0.125% | 12/15/2024 | 1.1% |
| Burlington Stores, Inc. | 2.250% | 04/15/2025 | 1.1% |
| Penn National Gaming, Inc. | 2.750% | 05/15/2026 | 1.1% |
| Chegg, Inc. | 0.250% | 05/15/2023 | 1.0% |
| CD Projekt SA | 0.000% | - | 1.0% |
| DocuSign Inc | 0.500% | 09/15/2023 | 1.0% |
| Royal Caribbean Cruises Ltd. | 4.250% | 06/15/2023 | 1.0% |
| Southwest Airlines Co. | 1.250% | 05/01/2025 | 1.0% |
| Tandem Diabetes Care, Inc. | 1.500% | 05/01/2025 | 1.0% |
| Cerence Inc | 3.000% | 06/01/2025 | 1.0% |
| Insmed, Inc. | 1.750% | 01/15/2025 | 1.0% |
| Repligen Corp. | 0.375% | 07/15/2024 | 1.0% |
| ServiceNow, Inc. | 0.000% | 06/01/2022 | 0.9% |
| Wix.com Ltd. | 0.000% | 08/15/2025 | 0.9% |
| Nevro Corp. | 1.750% | 06/01/2021 | 0.9% |
| Winnebago Industries, Inc. | 1.500% | 04/01/2025 | 0.9% |
| CryoPort Inc | 3.000% | 06/01/2025 | 0.9% |
| Sarepta Therapeutics, Inc. | 1.500% | 11/15/2024 | 0.8% |
| Boston Scientific Corp. | 5.500% | 06/01/2023 | 0.8% |
| Zynga, Inc. | 0.250% | 06/01/2024 | 0.8% |
| NVIDIA Corp. | 0.000% | - | 0.8% |
| American Airlines Group, Inc. | 6.500% | 07/01/2025 | 0.7% |
| Natera, Inc. | 2.250% | 05/01/2027 | 0.7% |
| GDS Holdings Ltd | 2.000% | 06/01/2025 | 0.7% |
| Bridgebio Pharma Inc | 2.500% | 03/15/2027 | 0.7% |
| Carnival Corp. | 5.750% | 04/01/2023 | 0.7% |
| Atlantica Sustainable Infrastructure Jersey Ltd | 4.000% | 07/15/2025 | 0.7% |
| Inphi Corp. | 1.125% | 12/01/2020 | 0.7% |
| NeoGenomics, Inc. | 1.250% | 05/01/2025 | 0.6% |
| Atlas Air Worldwide Holdings, Inc. | 1.875% | 06/01/2024 | 0.6% |
| IH Merger Sub LLC | 3.500% | 01/15/2022 | 0.6% |
| Q2 Holdings, Inc. | 0.750% | 06/01/2026 | 0.6% |
| Invitae Corp | 2.000% | 09/01/2024 | 0.6% |
| Novellus Systems, Inc. | 2.625% | 05/15/2041 | 0.6% |
| Pinduoduo Inc | 0.000% | 10/01/2024 | 0.5% |
| Beyond Meat Inc | 0.000% | - | 0.5% |
| Pinterest Inc | 0.000% | - | 0.5% |
| MongoDB Inc | 0.250% | 01/15/2026 | 0.5% |
| RealReal Inc/The | 3.000% | 06/15/2025 | 0.5% |
| Regeneron Pharmaceuticals, Inc. | 0.000% | - | 0.5% |
| Vertex Pharmaceuticals, Inc. | 0.000% | - | 0.5% |
| SunPower Corp. | 0.875% | 06/01/2021 | 0.4% |
| Rocket Pharmaceuticals Inc | 0.000% | - | 0.4% |
| Arena Pharmaceuticals, Inc. | 0.000% | - | 0.3% |
| IIP Operating Partnership LP | 3.750% | 02/21/2024 | 0.3% |
| Innovative Industrial Properties Inc | 0.000% | - | 0.2% |
| Limelight Networks, Inc. | 0.000% | - | 0.2% |
| Limelight Networks, Inc. | 3.500% | 08/01/2025 | 0.1% |
| FX USD/PLN 10/20 | 0.000% | 10/16/2020 | 0.0% |
| FX USD/CAD 10/20 | 0.000% | 10/20/2020 | 0.0% |
| FX USD/CAD 10/20 | 0.000% | 10/20/2020 | -0.1% |
| FX USD/CAD 10/20 | 0.000% | 10/20/2020 | -0.1% |
| FX USD/CAD 10/20 | 0.000% | 10/20/2020 | -0.1% |
| FX USD/CAD 10/20 | 0.000% | 10/20/2020 | -0.1% |
| FX USD/CAD 10/20 | 0.000% | 10/20/2020 | -0.2% |
| FX USD/PLN 10/20 | 0.000% | 10/16/2020 | -0.2% |
| FX USD/PLN 10/20 | 0.000% | 10/16/2020 | -0.7% |
| FX USD/CAD 10/20 | 0.000% | 10/20/2020 | -1.6% |
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 10/16/2020
- $0.057
- Dividend Frequency
- Quarterly
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 09/28/2020 | 09/29/2020 | 09/29/2020 | $0.02340 | $18.50 |
| 06/29/2020 | 06/30/2020 | 06/30/2020 | $0.01050 | $15.99 |
| 03/26/2020 | 03/27/2020 | 03/27/2020 | $0.02310 | $12.54 |
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 |
|---|---|---|
| 12/28/2020 | 12/29/2020 | 12/29/2020 |
Capital Gains Distributions
Click Here To View Estimated Capital Gain Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 12/17/2019 | 12/18/2019 | $0.5306 | $0.4268 | $0.9574 | $13.56 |
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 |
|---|---|
| 12/17/2020 | 12/18/2020 |
Fees & Expenses
Fees & Expenses
Expense Ratioas of 09/30/2020
| 1.31% |
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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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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