Convertible Fund
Daily price w/o sales charge as of 03/23/2023
$12.11
$0.01
YTD Returns w/o sales charge as of 03/23/2023
0.25%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 02/28/2023
- Total Net Assets
- $765.56 M
- Inception Date
- 06/30/2003
- Dividend Frequency
- Quarterly
- Fund Gross Expense Ratio
- 1.03%
- Fund Net Expense Ratio
- 1.03%
- Number of Holdings
- 84
- Minimum Initial Investment
- $1,500+
Yield
12-Month Dividend Yield 1 as of 03/23/2023
w/o sales charge | 2.51% |
w/ sales charge | 2.46% |
30-Day Standardized Yield 2 as of 02/28/2023 |
2.38% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.03%
Net 1.03%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
---|
w/o sales charge | 2.07% | -14.06% | 7.70% | 9.03% | 9.23% | 7.28% |
Lipper Category Avg. Convertible Securities Funds | 2.60% | -9.91% | 8.00% | 8.24% | 8.41% | - |
ICE BofA All Convertible Index | 4.45% | -9.07% | 9.77% | 9.85% | 10.02% | 8.33% |
w/ sales charge | -0.24% | -16.00% | 6.89% | 8.53% | 8.98% | 7.15% |
Fund Expense Ratio :
Gross 1.03%
Net 1.03%
Fund Expense Ratio :
Gross 1.03%
Net 1.03%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
---|
w/o sales charge | -23.36% | -23.36% | 8.25% | 8.83% | 9.39% | 7.23% |
Lipper Category Avg. Convertible Securities Funds | -17.88% | -17.88% | 6.88% | 8.10% | 8.59% | - |
ICE BofA All Convertible Index | -18.63% | -18.63% | 8.16% | 9.31% | 10.02% | 8.16% |
w/ sales charge | -25.08% | -25.08% | 7.43% | 8.34% | 9.14% | 7.10% |
Fund Expense Ratio :
Gross 1.03%
Net 1.03%
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 02/28/2023
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


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Performance
Performance
12-Month Dividend Yield 1 as of 03/23/2023
w/o sales charge | 2.51% |
w/ sales charge | 2.46% |
30-Day Standardized Yield 2 as of 02/28/2023
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 2.38% | 2.38% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.03%
Net 1.03%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
---|
w/o sales charge | 2.07% | -14.06% | 7.70% | 9.03% | 9.23% | 7.28% |
Lipper Category Avg. Convertible Securities Funds | 2.60% | -9.91% | 8.00% | 8.24% | 8.41% | - |
ICE BofA All Convertible Index | 4.45% | -9.07% | 9.77% | 9.85% | 10.02% | 8.33% |
w/ sales charge | -0.24% | -16.00% | 6.89% | 8.53% | 8.98% | 7.15% |
Fund Expense Ratio :
Gross 1.03%
Net 1.03%
Fund Expense Ratio :
Gross 1.03%
Net 1.03%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2003 |
---|
w/o sales charge | -23.36% | -23.36% | 8.25% | 8.83% | 9.39% | 7.23% |
Lipper Category Avg. Convertible Securities Funds | -17.88% | -17.88% | 6.88% | 8.10% | 8.59% | - |
ICE BofA All Convertible Index | -18.63% | -18.63% | 8.16% | 9.31% | 10.02% | 8.16% |
w/ sales charge | -25.08% | -25.08% | 7.43% | 8.34% | 9.14% | 7.10% |
Fund Expense Ratio :
Gross 1.03%
Net 1.03%
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 |
---|
2022 | -23.36% | -18.63% |
2021 | 0.96% | 6.34% |
2020 | 63.95% | 46.22% |
2019 | 24.76% | 23.15% |
2018 | -3.54% | 0.15% |
2017 | 16.56% | 13.70% |
2016 | 12.46% | 10.43% |
2015 | -8.10% | -2.99% |
2014 | 5.98% | 9.44% |
2013 | 25.91% | 24.92% |
2012 | 12.18% | - |
2011 | -9.00% | - |
2010 | 14.66% | - |
2009 | 35.44% | - |
2008 | -31.62% | - |
2007 | 9.08% | - |
2006 | 9.03% | - |
2005 | 3.79% | - |
2004 | 7.24% | - |
2003 | 10.76% | - |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2023 | - | - | - | - | 0.25% |
2022 | -7.71% | -16.15% | -0.30% | -0.68% | -23.36% |
2021 | 1.45% | -0.32% | 0.13% | -0.30% | 0.96% |
2020 | -7.88% | 27.13% | 16.20% | 20.47% | 63.95% |
2019 | 11.29% | 4.70% | -0.41% | 7.51% | 24.76% |
2018 | 1.26% | 2.54% | 4.98% | -11.50% | -3.54% |
2017 | 6.45% | 2.68% | 4.07% | 2.46% | 16.56% |
2016 | -1.46% | 3.29% | 7.85% | 2.44% | 12.46% |
2015 | 2.45% | -0.57% | -9.63% | -0.17% | -8.10% |
2014 | 2.12% | 3.86% | -1.29% | 1.22% | 5.98% |
2013 | 6.59% | 3.04% | 7.83% | 6.32% | 25.91% |
2012 | 9.39% | -4.06% | 4.68% | 2.11% | 12.18% |
2011 | 4.65% | -1.35% | -14.61% | 3.23% | -9.00% |
2010 | 3.25% | -7.29% | 11.08% | 7.83% | 14.66% |
2009 | 1.88% | 11.34% | 12.83% | 5.82% | 35.44% |
2008 | -7.36% | 3.48% | -16.39% | -14.68% | -31.62% |
2007 | 2.31% | 3.98% | 2.20% | 0.32% | 9.08% |
2006 | 6.00% | -2.19% | 0.60% | 4.53% | 9.03% |
2005 | -2.15% | 0.95% | 5.12% | -0.05% | 3.79% |
2004 | 2.49% | -1.23% | -1.59% | 7.66% | 7.24% |
2003 | - | - | 1.97% | 8.63% | 10.76% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 07/31/2021
The chart begins on the Fund's inception date of 06/30/2003.
Based on a hypothetical Class A share investment of $10,000 on 06/30/2003 without sales charge and includes the reinvestment of all distributions.
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 02/28/2023
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 02/28/2023
- Total Net Assets
- $765.56 M
- Number of Issues
- 84
- Average Coupon
- 1.2%
- Average Maturity
- 2.93 Years
- Average Effective Duration
- 0.01 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.
Top Ten Holdings as of 02/28/2023
Holding | Sector | Assets |
---|
Canopy Growth Corp | Consumer, Non-cyclical | 5.9% |
Shopify Inc | Communications | 3.5% |
Okta Inc | Communications | 3.2% |
GDS Holdings Ltd | Communications | 2.6% |
NextEra Energy Inc | Utilities | 2.6% |
ON Semiconductor Corp | Technology | 2.6% |
Western Digital Corp | Technology | 2.6% |
Uber Technologies Inc | Communications | 2.5% |
Cloudflare Inc | Technology | 2.2% |
Airbnb Inc | Communications | 2.1% |
Holding | Coupon | Maturity | Assets |
---|
Canopy Growth Corp | 4.250% | 07/15/2023 | 6.5% |
Shopify Inc | 0.125% | 11/01/2025 | 4.1% |
Okta Inc | 0.125% | 09/01/2025 | 2.9% |
NextEra Energy Inc | 0.000% | 09/01/2023 | 2.8% |
Palo Alto Networks Inc | 0.375% | 06/01/2025 | 2.8% |
Uber Technologies Inc | 0.000% | 12/15/2025 | 2.7% |
Coupa Software Inc | 0.125% | 06/15/2025 | 2.6% |
GDS Holdings Ltd | 2.000% | 06/01/2025 | 2.6% |
Block Inc | 0.000% | 05/01/2026 | 2.5% |
Chegg Inc | 0.125% | 03/15/2025 | 2.4% |
Airbnb Inc | 0.000% | 03/15/2026 | 2.1% |
ON Semiconductor Corp | 0.000% | 05/01/2027 | 2.0% |
CryoPort Inc | 0.750% | 12/01/2026 | 1.9% |
Sea Ltd | 0.250% | 09/15/2026 | 1.9% |
MakeMyTrip Ltd | 0.000% | 02/15/2028 | 1.8% |
Insulet Corp | 0.375% | 09/01/2026 | 1.8% |
Bentley Systems Inc | 0.125% | 01/15/2026 | 1.8% |
Sarepta Therapeutics Inc | 1.250% | 09/15/2027 | 1.7% |
Dexcom Inc | 0.750% | 12/01/2023 | 1.7% |
HAT Holdings I LLC / HAT Holdings II LLC | 0.000% | 05/01/2025 | 1.7% |
Etsy Inc | 0.125% | 10/01/2026 | 1.6% |
Bill.com Holdings Inc | 0.000% | 12/01/2025 | 1.6% |
Danaher Corp | 0.000% | - | 1.5% |
RBC Bearings Inc | 0.000% | 10/15/2024 | 1.5% |
Boston Scientific Corp | 0.000% | 06/01/2023 | 1.4% |
Aptiv PLC | 0.000% | 06/15/2023 | 1.4% |
Fluor Corp | 0.000% | - | 1.4% |
Fiverr International Ltd | 0.000% | 11/01/2025 | 1.4% |
Royal Caribbean Cruises Ltd | 6.000% | 08/15/2025 | 1.4% |
Marriott Vacations Worldwide Corp | 3.250% | 12/15/2027 | 1.3% |
Sunrun Inc | 0.000% | 02/01/2026 | 1.3% |
Booking Holdings Inc | 0.750% | 05/01/2025 | 1.3% |
Cloudflare Inc | 0.000% | 08/15/2026 | 1.2% |
Insmed Inc | 0.750% | 06/01/2028 | 1.2% |
Cytokinetics Inc | 3.500% | 07/01/2027 | 1.2% |
MercadoLibre Inc | 2.000% | 08/15/2028 | 1.2% |
DraftKings Holdings Inc | 0.000% | 03/15/2028 | 1.2% |
Enphase Energy Inc | 0.000% | 03/01/2028 | 1.2% |
Alteryx Inc | 0.500% | 08/01/2024 | 1.2% |
Chefs' Warehouse Inc/The | 2.375% | 12/15/2028 | 1.1% |
Alnylam Pharmaceuticals Inc | 1.000% | 09/15/2027 | 1.1% |
Array Technologies Inc | 1.000% | 12/01/2028 | 1.1% |
Pioneer Natural Resources Co | 0.250% | 05/15/2025 | 1.1% |
indie Semiconductor Inc | 4.500% | 11/15/2027 | 1.1% |
Cheesecake Factory Inc/The | 0.375% | 06/15/2026 | 1.0% |
Cerence Inc | 3.000% | 06/01/2025 | 1.0% |
Cerevel Therapeutics Holdings Inc | 2.500% | 08/15/2027 | 1.0% |
Green Plains Inc | 2.250% | 03/15/2027 | 1.0% |
Bank of America Corp | 0.000% | - | 1.0% |
KBR Inc | 2.500% | 11/01/2023 | 0.9% |
Repligen Corp | 0.375% | 07/15/2024 | 0.9% |
2020 Mandatory Exchangeable Trust | 0.000% | 05/16/2023 | 0.9% |
Pinduoduo Inc | 0.000% | 10/01/2024 | 0.9% |
Natera Inc | 2.250% | 05/01/2027 | 0.8% |
World Wrestling Entertainment Inc | 3.375% | 12/15/2023 | 0.8% |
Wayfair Inc | 3.250% | 09/15/2027 | 0.8% |
Penn Entertainment Inc | 2.750% | 05/15/2026 | 0.8% |
H World Group Ltd | 3.000% | 05/01/2026 | 0.7% |
ZTO Express Cayman Inc | 1.500% | 09/01/2027 | 0.7% |
Neurocrine Biosciences Inc | 2.250% | 05/15/2024 | 0.7% |
Topgolf Callaway Brands Corp | 2.750% | 05/01/2026 | 0.7% |
Ormat Technologies Inc | 2.500% | 07/15/2027 | 0.7% |
RH | 0.000% | 09/15/2024 | 0.7% |
Western Digital Corp | 1.500% | 02/01/2024 | 0.7% |
Sika AG | 0.150% | 06/05/2025 | 0.6% |
Match Group Financeco 2 Inc | 0.875% | 06/15/2026 | 0.6% |
Apellis Pharmaceuticals Inc | 0.000% | 09/15/2026 | 0.6% |
Wolfspeed Inc | 1.875% | 12/01/2029 | 0.6% |
Dexcom Inc | 0.250% | 11/15/2025 | 0.5% |
Bilibili Inc | 1.250% | 06/15/2027 | 0.5% |
Block Inc | 0.125% | 03/01/2025 | 0.5% |
Exact Sciences Corp | 0.375% | 03/01/2028 | 0.5% |
Esperion Therapeutics Inc | 4.000% | 11/15/2025 | 0.5% |
Danimer Scientific Inc | 3.250% | 12/15/2026 | 0.4% |
Glaukos Corp | 2.750% | 06/15/2027 | 0.4% |
EQT Corp | 1.750% | 05/01/2026 | 0.4% |
Shift4 Payments Inc | 0.000% | 12/15/2025 | 0.3% |
FX USD/CHF 05/23 | 0.000% | 05/23/2023 | -0.7% |
FX USD/CAD 04/23 | 0.000% | 04/20/2023 | -6.5% |
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 03/23/2023
- $0
- Dividend Frequency
- Quarterly
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
12/27/2022 | 12/28/2022 | 12/28/2022 | $0.07960 | $11.98 |
12/19/2022 | 12/20/2022 | 12/20/2022 | $0.08650 | $12.24 |
09/28/2022 | 09/29/2022 | 09/29/2022 | $0.06320 | $12.32 |
06/28/2022 | 06/29/2022 | 06/29/2022 | $0.03920 | $12.52 |
03/29/2022 | 03/30/2022 | 03/30/2022 | $0.03570 | $14.92 |
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 |
---|---|---|
03/29/2023 | 03/30/2023 | 03/30/2023 |
06/28/2023 | 06/29/2023 | 06/29/2023 |
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 | $15.90 |
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
Sales Charge Schedule as of 03/23/2023
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $100,000 | 2.25% | 2.00% | $12.39 |
$100,000 to $249,999 | 1.75% | 1.50% | $12.33 |
$250,000 to $499,999 | 1.25% | 1.00% | $12.26 |
$500,000 to $999,999 | 0.00% | 1.00% | $12.11 |
$1,000,000 to $5,000,000 | 0.00% | 1.00% | $12.11 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.
Expense Ratioas of 02/28/2023
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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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