Convertible Fund
Daily price w/o sales charge as of 09/26/2023
$12.33
$0.08
YTD Returns w/o sales charge as of 09/26/2023
0.36%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 08/31/2023
- Total Net Assets
- $655.45 M
- Inception Date
- 09/28/2007
- Dividend Frequency
- Quarterly
- Fund Gross Expense Ratio
- 1.47%
- Fund Net Expense Ratio
- 1.47%
- Number of Holdings
- 84
Yield
12-Month Dividend Yield 1 as of 09/26/2023
w/o sales charge | 2.52% |
30-Day Standardized Yield 2 as of 08/31/2023 |
1.69% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.47%
Net 1.47%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | 1.90% | -5.15% | -2.58% | 7.11% | 7.79% | 6.18% |
Lipper Category Avg. Convertible Securities Funds | 5.06% | 1.21% | 1.23% | 7.37% | 7.86% | - |
ICE BofA All Convertible Index | 8.77% | 3.97% | 3.29% | 8.92% | 9.56% | 7.86% |
w/ sales charge | 1.90% | -5.15% | -2.58% | 7.11% | 7.79% | 6.18% |
Fund Expense Ratio :
Gross 1.47%
Net 1.47%
Fund Expense Ratio :
Gross 1.47%
Net 1.47%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | 3.86% | 2.66% | 3.67% | 8.46% | 8.37% | 6.38% |
Lipper Category Avg. Convertible Securities Funds | 5.65% | 7.47% | 5.71% | 8.30% | 8.22% | - |
ICE BofA All Convertible Index | 8.67% | 10.82% | 8.64% | 9.80% | 9.89% | 7.94% |
Fund Expense Ratio :
Gross 1.47%
Net 1.47%
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 | |
Corporate Bonds | |
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 08/31/2023
Rating | Assets |
---|---|
A | |
BBB | |
BB | |
CCC | |
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 09/26/2023
w/o sales charge | 2.52% |
30-Day Standardized Yield 2 as of 08/31/2023
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 1.69% | 1.69% |
Fund Expense Ratio :
Gross 1.47%
Net 1.47%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | 1.90% | -5.15% | -2.58% | 7.11% | 7.79% | 6.18% |
Lipper Category Avg. Convertible Securities Funds | 5.06% | 1.21% | 1.23% | 7.37% | 7.86% | - |
ICE BofA All Convertible Index | 8.77% | 3.97% | 3.29% | 8.92% | 9.56% | 7.86% |
w/ sales charge | 1.90% | -5.15% | -2.58% | 7.11% | 7.79% | 6.18% |
Fund Expense Ratio :
Gross 1.47%
Net 1.47%
Fund Expense Ratio :
Gross 1.47%
Net 1.47%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | 3.86% | 2.66% | 3.67% | 8.46% | 8.37% | 6.38% |
Lipper Category Avg. Convertible Securities Funds | 5.65% | 7.47% | 5.71% | 8.30% | 8.22% | - |
ICE BofA All Convertible Index | 8.67% | 10.82% | 8.64% | 9.80% | 9.89% | 7.94% |
Fund Expense Ratio :
Gross 1.47%
Net 1.47%
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 |
---|
2022 | -23.65% | -18.63% |
2021 | 0.63% | 6.34% |
2020 | 63.31% | 46.22% |
2019 | 24.25% | 23.15% |
2018 | -3.98% | 0.15% |
2017 | 16.19% | 13.70% |
2016 | 11.95% | 10.43% |
2015 | -8.49% | -2.99% |
2014 | 5.62% | 9.44% |
2013 | 25.38% | 24.92% |
2012 | 11.74% | - |
2011 | -9.37% | - |
2010 | 14.41% | - |
2009 | 35.59% | - |
2008 | -31.39% | - |
2007 | 8.33% | - |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2023 | 1.96% | 1.86% | - | - | 0.36% |
2022 | -7.79% | -16.23% | -0.47% | -0.68% | -23.65% |
2021 | 1.44% | -0.46% | 0.04% | -0.38% | 0.63% |
2020 | -7.92% | 27.02% | 16.11% | 20.27% | 63.31% |
2019 | 11.26% | 4.58% | -0.47% | 7.29% | 24.25% |
2018 | 1.11% | 2.47% | 4.88% | -11.64% | -3.98% |
2017 | 6.43% | 2.51% | 4.00% | 2.40% | 16.19% |
2016 | -1.62% | 3.24% | 7.72% | 2.32% | 11.95% |
2015 | 2.37% | -0.74% | -9.70% | -0.27% | -8.49% |
2014 | 2.06% | 3.73% | -1.36% | 1.14% | 5.62% |
2013 | 6.51% | 3.01% | 7.65% | 6.15% | 25.38% |
2012 | 9.30% | -4.11% | 4.56% | 1.96% | 11.74% |
2011 | 4.61% | -1.53% | -14.66% | 3.10% | -9.37% |
2010 | 3.23% | -7.37% | 11.01% | 7.78% | 14.41% |
2009 | 1.82% | 11.57% | 12.93% | 5.70% | 35.59% |
2008 | -7.34% | 3.41% | -16.00% | -14.74% | -31.39% |
2007 | 2.25% | 3.91% | 1.69% | 0.26% | 8.33% |
NAV HISTORICAL PRICES
Date | Net Asset Value |
---|
Portfolio
Portfolio
Rating | Assets |
---|---|
Convertible Bonds | |
Convertible Preferred Stock | |
Common Stock | |
Corporate Bonds | |
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 08/31/2023
Rating | Assets |
---|---|
A | |
BBB | |
BB | |
CCC | |
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 08/31/2023
- Total Net Assets
- $655.45 M
- Average Coupon
- 1.03%
- Average Effective Duration
- 0.01 Years
- Average Maturity
- 2.62 Years
- Number of Issues
- 84
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 08/31/2023
Holding | Sector | Assets |
---|
Okta Inc | Communications | 4.2% |
Western Digital Corp | Technology | 4.2% |
Shopify Inc | Communications | 3.9% |
Palo Alto Networks Inc | Communications | 3.3% |
Uber Technologies Inc | Communications | 3.2% |
DocuSign Inc | Technology | 3.0% |
Alteryx Inc | Technology | 2.7% |
ON Semiconductor Corp | Technology | 2.7% |
Bank of America Corp | Financial | 2.5% |
Airbnb Inc | Communications | 2.1% |
Holding | Coupon | Maturity | Assets |
---|
Okta Inc | 0.125% | 09/01/2025 | 4.2% |
Western Digital Corp | 1.500% | 02/01/2024 | 4.2% |
Shopify Inc | 0.125% | 11/01/2025 | 3.9% |
Palo Alto Networks Inc | 0.375% | 06/01/2025 | 3.3% |
Uber Technologies Inc | 0.000% | 12/15/2025 | 3.2% |
ON Semiconductor Corp | 0.500% | 03/01/2029 | 2.8% |
Alteryx Inc | 1.000% | 08/01/2026 | 2.8% |
DocuSign Inc | 0.000% | 01/15/2024 | 2.6% |
Bank of America Corp | 0.000% | - | 2.6% |
NCL Corp Ltd | 1.125% | 02/15/2027 | 2.3% |
Bentley Systems Inc | 0.125% | 01/15/2026 | 2.2% |
MongoDB Inc | 0.250% | 01/15/2026 | 2.1% |
Royal Caribbean Cruises Ltd | 6.000% | 08/15/2025 | 2.1% |
Airbnb Inc | 0.000% | 03/15/2026 | 2.1% |
Exact Sciences Corp | 2.000% | 03/01/2030 | 1.9% |
HubSpot Inc | 0.375% | 06/01/2025 | 1.9% |
Dexcom Inc | 0.750% | 12/01/2023 | 1.8% |
Booking Holdings Inc | 0.750% | 05/01/2025 | 1.8% |
Live Nation Entertainment Inc | 2.000% | 02/15/2025 | 1.7% |
Shift4 Payments Inc | 0.000% | 12/15/2025 | 1.7% |
Fiverr International Ltd | 0.000% | 11/01/2025 | 1.7% |
Sea Ltd | 0.250% | 09/15/2026 | 1.6% |
CryoPort Inc | 0.750% | 12/01/2026 | 1.6% |
Glaukos Corp | 2.750% | 06/15/2027 | 1.4% |
Datadog Inc | 0.125% | 06/15/2025 | 1.4% |
Sarepta Therapeutics Inc | 1.250% | 09/15/2027 | 1.4% |
CANOPY GROWTH CORP | 0.000% | 12/31/2023 | 1.3% |
PDD Holdings Inc | 0.000% | 12/01/2025 | 1.3% |
Five9 Inc | 0.500% | 06/01/2025 | 1.3% |
PG&E Corp | 0.000% | 08/16/2023 | 1.3% |
KBR Inc | 2.500% | 11/01/2023 | 1.3% |
Cerence Inc | 1.500% | 07/01/2028 | 1.3% |
Insmed Inc | 0.750% | 06/01/2028 | 1.3% |
HAT Holdings I LLC / HAT Holdings II LLC | 0.000% | 05/01/2025 | 1.3% |
Guardant Health Inc | 0.000% | 11/15/2027 | 1.2% |
Insulet Corp | 0.375% | 09/01/2026 | 1.2% |
Cheesecake Factory Inc/The | 0.375% | 06/15/2026 | 1.1% |
TransMedics Group Inc | 1.500% | 06/01/2028 | 1.1% |
Ford Motor Co | 0.000% | 03/15/2026 | 1.1% |
Rivian Automotive Inc | 4.625% | 03/15/2029 | 1.1% |
Chefs' Warehouse Inc/The | 2.375% | 12/15/2028 | 1.1% |
Safran SA | 0.000% | 04/01/2028 | 1.0% |
Post Holdings Inc | 2.500% | 08/15/2027 | 1.0% |
CyberArk Software Ltd | 0.000% | 11/15/2024 | 1.0% |
Lantheus Holdings Inc | 2.625% | 12/15/2027 | 1.0% |
Dexcom Inc | 0.375% | 05/15/2028 | 1.0% |
Farfetch Ltd | 3.750% | 05/01/2027 | 0.9% |
Sika AG | 0.150% | 06/05/2025 | 0.8% |
ANLLIAN Capital Ltd | 0.000% | 02/05/2025 | 0.8% |
Southern Co/The | 3.875% | 12/15/2025 | 0.8% |
Duke Energy Corp | 4.125% | 04/15/2026 | 0.8% |
Boston Scientific Corp | 0.000% | - | 0.8% |
CMS Energy Corp | 3.375% | 05/01/2028 | 0.8% |
KKR & Co Inc | 0.000% | 09/15/2023 | 0.7% |
Natera Inc | 2.250% | 05/01/2027 | 0.7% |
Nabors Industries Inc | 1.750% | 06/15/2029 | 0.7% |
Transocean Inc | 4.625% | 09/30/2029 | 0.7% |
MercadoLibre Inc | 2.000% | 08/15/2028 | 0.6% |
Shake Shack Inc | 0.000% | 03/01/2028 | 0.6% |
Euronet Worldwide Inc | 0.750% | 03/15/2049 | 0.6% |
Danimer Scientific Inc | 3.250% | 12/15/2026 | 0.6% |
CHART INDUSTRIES INC | 0.000% | 12/15/2025 | 0.6% |
Pioneer Natural Resources Co | 0.250% | 05/15/2025 | 0.6% |
Altair Engineering Inc | 1.750% | 06/15/2027 | 0.6% |
Cytokinetics Inc | 3.500% | 07/01/2027 | 0.6% |
Wayfair Inc | 1.000% | 08/15/2026 | 0.6% |
Canopy Growth Corp | 0.000% | - | 0.6% |
Block Inc | 0.125% | 03/01/2025 | 0.5% |
NEXTERA ENERGY INC | 0.000% | 09/01/2025 | 0.5% |
Spotify USA Inc | 0.000% | 03/15/2026 | 0.4% |
Transocean Inc | 4.625% | 09/30/2029 | 0.4% |
Confluent Inc | 0.000% | 01/15/2027 | 0.4% |
Spotify Technology SA | 0.000% | - | 0.3% |
Wayfair Inc | 3.250% | 09/15/2027 | 0.3% |
Shopify Inc | 0.000% | - | 0.3% |
FX CAD/USD 11/23 | 0.000% | 11/20/2023 | 0.2% |
FX CAD/USD 11/23 | 0.000% | 11/20/2023 | 0.1% |
FX CAD/USD 11/23 | 0.000% | 11/20/2023 | 0.1% |
FX CHF/USD 08/23 | 0.000% | 08/23/2023 | 0.1% |
FX USD/EUR 09/23 | 0.000% | 09/13/2023 | -0.3% |
FX USD/EUR 09/23 | 0.000% | 09/13/2023 | -0.5% |
FX USD/CHF 08/23 | 0.000% | 08/23/2023 | -0.9% |
FX USD/EUR 09/23 | 0.000% | 09/13/2023 | -1.0% |
FX USD/CAD 11/23 | 0.000% | 11/20/2023 | -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 09/26/2023
- $0.10640
- Dividend Frequency
- Quarterly
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
06/28/2023 | 06/29/2023 | 06/29/2023 | $0.05400 | $12.69 |
03/29/2023 | 03/30/2023 | 03/30/2023 | $0.05240 | $12.49 |
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 |
---|---|---|
09/27/2023 | 09/28/2023 | 09/28/2023 |
12/26/2023 | 12/27/2023 | 12/27/2023 |
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 | $16.28 |
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 08/31/2023
1.47% |
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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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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