LCFRX | Convertible Fund Class R3 | Lord Abbett

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Convertible Fund

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Daily price w/o sales charge as of 12/05/2025

$16.96

arrowDown$0.02

YTD Returns w/o sales charge as of 12/05/2025

22.13%

Please click here for performance current to the most recent quarter-end and month-end.

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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.

Fund Basicsas of 10/31/2025

Total Net Assets
$667.17 M
Inception Date
09/28/2007
Dividend Frequency
Quarterly
Fund Gross Expense Ratio
1.39%
Fund Net Expense Ratio
1.39%
Number of Holdings
89

Yield

12-Month Dividend Yield 1 as of 12/05/2025  

w/o sales charge 1.49%

30-Day Standardized Yield 2 as of 11/30/2025  

  Subsidized3 Un-Subsidized4
w/o sales charge 0.62% 0.61%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 22.27% 17.75% 12.74% 4.01% 10.96% 7.62%
Lipper Category Avg. Convertible Securities Funds 17.20% 12.50% 11.27% 5.17% 9.73% -
ICE BofA All Convertible Index 18.65% 13.95% 13.09% 6.70% 11.11% 8.74%
w/ sales charge 22.27% 17.75% 12.74% 4.01% 10.96% 7.62%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 18.10% 22.58% 12.37% 5.75% 10.83% 7.48%
Lipper Category Avg. Convertible Securities Funds 14.76% 17.79% 12.53% 6.92% 9.90% -
ICE BofA All Convertible Index 15.84% 19.81% 14.00% 8.59% 11.16% 8.67%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

Past performance is not a reliable indicator or guarantee 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. 

Rating Assets
Convertible Bonds
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
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 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 10/31/2025

Rating Assets
A
BBB
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

Alan R. Kurtz
Alan R. Kurtz

Senior Managing Director, Portfolio Manager

25 Years of Industry Experience

Jeremy I. Lehmann
Jeremy I. Lehmann, CFA

Portfolio Manager

13 Years of Industry Experience

Supported By 106 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

12-Month Dividend Yield 1 as of 12/05/2025  

w/o sales charge 1.49%

30-Day Standardized Yield 2 as of 11/30/2025  

  Subsidized3 Un-Subsidized4
w/o sales charge 0.62% 0.61%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 22.27% 17.75% 12.74% 4.01% 10.96% 7.62%
Lipper Category Avg. Convertible Securities Funds 17.20% 12.50% 11.27% 5.17% 9.73% -
ICE BofA All Convertible Index 18.65% 13.95% 13.09% 6.70% 11.11% 8.74%
w/ sales charge 22.27% 17.75% 12.74% 4.01% 10.96% 7.62%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 18.10% 22.58% 12.37% 5.75% 10.83% 7.48%
Lipper Category Avg. Convertible Securities Funds 14.76% 17.79% 12.53% 6.92% 9.90% -
ICE BofA All Convertible Index 15.84% 19.81% 14.00% 8.59% 11.16% 8.67%

Fund Expense Ratio :

Gross 1.39%

Net 1.39%

Past performance is not a reliable indicator or guarantee 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. 

The Fund changed its investment strategy on 09/28/2007. Performance is calculated from this date.

Year Fund Returns ICE BofA All Convertible Index
2024 13.42% 11.30%
2023 6.66% 13.05%
2022 -23.58% -18.63%
2021 0.68% 6.34%
2020 63.55% 46.22%
2019 24.33% 23.15%
2018 -3.82% 0.15%
2017 16.21% 13.70%
2016 12.19% 10.43%
2015 -8.39% -2.99%
2014 5.63% -
2013 25.54% -
2012 11.89% -
2011 -9.28% -
2010 14.53% -
2009 35.30% -
2008 -31.73% -
Year Q1 Q2 Q3 Q4
2025 -1.60% 11.74% 7.40% -
2024 4.54% 0.28% 4.23% 3.80%
2023 1.97% 1.95% -2.96% 5.73%
2022 -7.77% -16.19% -0.46% -0.68%
2021 1.39% -0.39% 0.05% -0.36%
2020 -7.84% 27.00% 16.13% 20.33%
2019 11.26% 4.56% -0.42% 7.32%
2018 1.17% 2.48% 4.94% -11.60%
2017 6.40% 2.54% 4.02% 2.40%
2016 -1.53% 3.23% 7.80% 2.38%
2015 2.38% -0.64% -9.73% -0.23%
2014 2.06% 3.72% -1.29% 1.09%
2013 6.52% 2.98% 7.70% 6.27%
2012 9.32% -4.13% 4.61% 2.05%
2011 4.59% -1.45% -14.70% 3.17%
2010 3.22% -7.34% 10.97% 7.91%
2009 1.93% 11.20% 12.94% 5.69%
2008 -7.32% 3.44% -16.42% -14.80%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Rating Assets
Convertible Bonds
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
Less than 1 year
1-2.99 years
3-4.99 years
5-6.99 years
7-9.99 years
Greater than 10 years

Credit Quality Distribution as of 10/31/2025

Rating Assets
A
BBB
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 10/31/2025

Total Net Assets
$667.17 M
Average Coupon
1.92%
Average Effective Duration
0.01 Years
Average Maturity
3.11 Years
Number of Issues
89

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  10/31/2025

Holding Sector Assets
MGP Ingredients Inc Consumer, Non-cyclical 4.2%
Redfin Corp Financial 4.1%
Alibaba Group Holding Ltd Communications 3.6%
Sea Ltd Communications 3.6%
Bank of America Corp Financial 3.4%
Coinbase Global Inc Financial 3.3%
Boeing Co/The Industrial 2.8%
Borr Drilling Ltd Energy 2.4%
Welltower OP LLC Financial 2.3%
Bloom Energy Corp Industrial 2.1%
Holding Coupon Maturity Assets
MGP Ingredients Inc1.875% 11/15/20264.2%
Redfin Corp0.500% 04/01/20274.1%
Alibaba Group Holding Ltd0.000% 09/15/20323.6%
Sea Ltd0.250% 09/15/20263.6%
Bank of America Corp7.250% 10/30/21743.4%
Coinbase Global Inc0.500% 06/01/20263.3%
Boeing Co/The6.000% 10/15/20272.8%
Borr Drilling Ltd5.000% 02/08/20282.4%
Welltower OP LLC3.125% 07/15/20292.3%
Bloom Energy Corp3.000% 06/01/20282.1%
Cloudflare Inc0.000% 06/15/20302.1%
Lumentum Holdings Inc0.500% 06/15/20282.1%
SoFi Technologies Inc0.000% 10/15/20262.0%
Super Micro Computer Inc3.500% 03/01/20291.9%
BILL Holdings Inc0.000% 04/01/20301.8%
Live Nation Entertainment Inc3.125% 01/15/20291.8%
Shopify Inc0.125% 11/01/20251.7%
Guardant Health Inc1.250% 02/15/20311.6%
Parsons Corp2.625% 03/01/20291.6%
Uber Technologies Inc0.000% 12/15/20251.6%
NextEra Energy Inc7.299% 06/01/20271.5%
Okta Inc0.375% 06/15/20261.5%
DoorDash Inc0.000% 05/15/20301.5%
Vnet Group Inc2.500% 04/01/20301.5%
Block Inc0.000% 05/01/20261.4%
Centrus Energy Corp0.000% 08/15/20321.4%
Cytokinetics Inc1.750% 10/01/20311.4%
Southern Co/The4.500% 06/15/20271.4%
GOLDMAN SACHS INTERNATIONAL0.000% 01/16/20261.4%
Bridgebio Pharma Inc2.500% 03/15/20271.4%
Terawulf Inc1.000% 09/01/20311.3%
Core Scientific Inc0.000% 06/15/20311.3%
Strategy Inc0.000% 06/01/20281.3%
iRhythm Technologies Inc1.500% 09/01/20291.3%
AST SpaceMobile Inc2.000% 01/15/20361.2%
Zscaler Inc0.000% 07/15/20281.2%
AeroVironment Inc0.000% 07/15/20301.2%
Datadog Inc0.000% 12/01/20291.2%
Duke Energy Corp4.125% 04/15/20261.0%
Guidewire Software Inc1.250% 11/01/20291.0%
Affirm Holdings Inc0.750% 12/15/20291.0%
GDS Holdings Ltd2.250% 06/01/20321.0%
Nebius Group NV2.750% 09/15/20321.0%
Mirion Technologies Inc0.250% 06/01/20300.9%
Match Group Financeco 2 Inc0.875% 06/15/20260.9%
PDD Holdings Inc0.000% 12/01/20250.9%
PPL Capital Funding Inc2.875% 03/15/20280.9%
Celcuity Inc2.750% 08/01/20310.8%
BlackSky Technology Inc8.250% 08/01/20330.8%
Wayfair Inc3.250% 09/15/20270.8%
Rocket Lab USA Inc4.250% 02/01/20290.8%
Xometry Inc0.750% 06/15/20300.8%
Unity Software Inc0.000% 03/15/20300.7%
Axon Enterprise Inc0.500% 12/15/20270.7%
Life360 Inc0.000% 06/01/20300.7%
Impinj Inc1.125% 05/15/20270.6%
Spotify USA Inc0.000% 03/15/20260.6%
Travere Therapeutics Inc2.250% 03/01/20290.6%
Lumentum Holdings Inc0.375% 03/15/20320.6%
Albemarle Corp7.250% 03/01/20270.6%
STX US 01/16/26 C270 (OTC) MOV0.000% 01/16/20260.6%
Sea Ltd2.375% 12/01/20250.6%
Sunrun Inc4.000% 03/01/20300.5%
Alnylam Pharmaceuticals Inc1.000% 09/15/20270.5%
Mirum Pharmaceuticals Inc4.000% 05/05/20260.5%
Applied Digital Corp2.750% 06/01/20300.5%
ZIS8762815 LACCUAT0.000% 01/16/20260.5%
nLight Inc0.000% 09/09/99990.4%
Microchip Technology Inc7.500% 03/15/20280.4%
RKLB US 01/16/26 C65 (OTC) BAS0.000% 01/16/20260.3%
Carnival Corp5.750% 12/05/20250.3%
GOLDMAN SACHS INTERNATIONAL0.000% 01/16/20260.3%
Terawulf Inc0.000% 05/01/20320.2%
IWM US 01/16/26 P220 (OTC) BNP0.000% 01/16/20260.1%
GOLDMAN SACHS INTERNATIONAL0.000% 01/16/20260.1%
GOLDMAN SACHS INTERNATIONAL0.000% 01/16/20260.1%
ZIS8762815 LACCUAT0.000% 01/16/20260.1%
BIDU US 01/16/26 C150 (OTC) MOV0.000% 01/16/20260.1%
MP US 11/21/25 C85 (OTC) MOV0.000% 11/21/20250.0%
ZIS8762815 LACCUAT0.000% 01/16/20260.0%
FX USD/EUR 11/25- 11/21/20250.0%
FX EUR/USD 11/25- 11/21/20250.0%
ZIS8762815 LACCUAT0.000% 11/21/20250.0%
FX EUR/USD 11/25- 11/21/20250.0%
FX EUR/USD 11/25- 11/21/20250.0%
GOLDMAN SACHS INTERNATIONAL0.000% 01/16/2026-0.1%
RKLB US 01/16/26 C90 (OTC) BAS0.000% 01/16/2026-0.1%
STX US 01/16/26 C320 (OTC) MOV0.000% 01/16/2026-0.3%
GOLDMAN SACHS INTERNATIONAL0.000% 01/16/2026-0.7%

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

For
YTD Dividends Paidas of 12/05/2025
$0.13450
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
09/22/2025 09/23/2025 09/23/2025 $0.05330 $16.42
06/23/2025 06/24/2025 06/24/2025 $0.04420 $15.11
03/26/2025 03/27/2025 03/27/2025 $0.03700 $13.94

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
12/29/2025 12/30/2025 12/30/2025

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $1.6293 $1.0924 $2.7217 $15.78
*

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 11/30/2025

Fund Gross Expense Ratio 1.39%
Fund Net Expense Ratio 1.39%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
2024 Annual Tailored Shareholder Report
Publish Date:11/03/2015
2025 Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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IMPORTANT INFORMATION

 

1

12-Month Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its value with maximum sales charges and without sales charges. The fund’s dividend yield is calculated by dividing the fund’s income distributions over the previous year by the fund’s current value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

4

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

A Note about Risk: Convertible securities are subject to the risks affecting both equity and fixed income securities, including market, credit, liquidity, and interest rate risk.  Convertible securities tend to be more volatile than other fixed income securities, and the markets for convertible securities may be less liquid than markets for common stocks or bonds.  The Fund may invest substantially in high yield, lower-rated securities.  These securities carry increased risks of price volatility, illiquidity, and the possibility of default in the timely payment of interest and principal.  The Fund may invest  in foreign or emerging market securities, which may be adversely affected by  economic, political, or regulatory factors and subject to currency volatility and greater liquidity risk.  The Fund may invest in derivatives, which are subject to greater liquidity, leverage, and counterparty risk. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

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.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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