Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

Convertible Fund

Summary

Summary

What is the Convertible Fund?

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 07/19/2019  

w/o sales charge 3.33%

30-Day Standardized Yield 2 as of 06/30/2019  

0.75%

Fund Basicsas of 06/28/2019

Total Net Assets
$739.63 M
Inception Date
09/28/2007
Dividend Frequency
Quarterly
Fund Expense Ratio
1.44%
Number of Holdings
111

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 16.36% 7.84% 12.68% 5.82% 9.31% 5.63%
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% 7.16%

Fund Expense Ratio :

1.44%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 16.36% 7.84% 12.68% 5.82% 9.31% 5.63%
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% 7.16%

Fund Expense Ratio :

1.44%

RELATED CONTENT

Convertible Bonds Can Play a Valuable Role in a Portfolio
Convertible Bonds Can Play a Valuable Role in a Portfolio
May 30, 2017

Investors looking for income plus equity-like returns, but with lower volatility, may be surprised at the unique return profile and diversification benefits of convertibles.

Type Assets
Convertible Bonds
Common Stock
Convertible Preferred Stock
Other
Cash
Maturity 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 06/28/2019 View Portfolio

Rating Assets
BBB
BB
B
Not Rated

Investment Team

Alan Kurtz
Alan Kurtz

Portfolio Manager

19 Years of Industry Experience

Steven F. Rocco
Steven F. Rocco, CFA

Partner & Director of Taxable Fixed Income

18 Years of Industry Experience

John F. Corr
Darnell Azeez

Portfolio Manger

17 Years of Industry Experience

Supported By 68 Investment Professionals with 15 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

12-Month Dividend Yield 1 as of 07/19/2019  

w/o sales charge 3.33%

30-Day Standardized Yield 2 as of 06/30/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.75% 0.75%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 16.36% 7.84% 12.68% 5.82% 9.31% 5.63%
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% 7.16%

Fund Expense Ratio :

1.44%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 16.36% 7.84% 12.68% 5.82% 9.31% 5.63%
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% 7.16%

Fund Expense Ratio :

1.44%

Year Fund Returns ICE BofAML All Convertible Index
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% 14.96%
2011 -9.37% -5.18%
2010 14.41% 16.77%
2009 35.59% 49.12%
2008 -31.39% -
2007 8.33% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 11.26% 4.58% - - 18.04%
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
Common Stock
Convertible Preferred Stock
Other
Cash
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 06/28/2019

Rating Assets
BBB
BB
B
Not Rated

Portfolio Positioning as of 06/30/2019

  • Continued employment gains and rising wages paint a healthy backdrop for the American consumer, while lower interest rates have also been an added benefit. As such, we continue to favor exposure to companies levered to consumer markets, specifically those companies capitalizing on the continued growth of e-commerce.
  • During the quarter, the portfolio took profits in its exposure to China and semiconductor issuers, as escalating trade tensions between the U.S. and China weighed on those areas of the market. We continue to find opportunities elsewhere as uncertainty increases.
  • Traditional energy companies are a small segment of the convertible market; as such, we have found select opportunities within solar energy. We are constructive on solar energy as demand from both commercial and residential buyers exhibit positive trends. Furthermore, we expect the solar market to experience a tailwind from the expected phase out of the federal solar investment tax credit in 2020.
  • We have increased the portfolio’s position in the software industry. We expect software/internet services companies to benefit from strong demand for their software tools as adoption in cloud and cloud-like IT architecture accelerates.
  • The portfolio’s equity sensitivity is slightly above the broader convertible market.

Portfolio Details as of 06/28/2019

Total Net Assets
$739.63 M
Number of Issues
111
Average Coupon
1.94%
Average Maturity
5.01 Years

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 07/19/2019
$0.089
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
06/27/2019 06/28/2019 06/28/2019 $0.03920 $13.86
03/28/2019 03/29/2019 03/29/2019 $0.05040 $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

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2018 12/18/2018 $0.3913 - $0.3913 $12.12

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 06/30/2019

1.44%

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Class R2 - The performance quotations for Class R2 reflect the following methods of calculation: (a) for periods prior to the inception date for Class R2, a restated figure is used based on the Fund's Class A performance, excluding the effect of Class A's maximum sales charge (which does not apply to Class R2) adjusted to reflect the Rule 12b-1 rate differential between Class A and Class R2, which has a higher 12b-1 fee than Class A; and (b) for periods after the inception date for Class R2, actual Class R2 performance is used reflecting all charges and fees applicable to Class R2 shares. Hypothetical performance data for Class R2, as measured from since inception of the Fund using the methodology described above, is not available if the Class A inception date is equal or greater than ten years old. Please refer to the Class R2 performance information for the inception date for Class R2. Please refer to the Class A performance information for the inception date for Class A.

Class R2 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

The ICE BofA Merrill Lynch All Convertibles Index contains issues that have a greater than $50 million aggregate market value. The issues are U.S. dollar-denominated, sold into the U.S. market and publicly traded in the United States.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field