Convertible Fund
Daily price w/o sales charge as of 08/30/2024
$13.82
$0.05
YTD Returns w/o sales charge as of 08/30/2024
6.87%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 07/31/2024
- Total Net Assets
- $584.58 M
- Inception Date
- 09/28/2007
- Dividend Frequency
- Quarterly
- Fund Gross Expense Ratio
- 1.50%
- Fund Net Expense Ratio
- 1.50%
- Number of Holdings
- 81
Yield
12-Month Dividend Yield 1 as of 08/30/2024
w/o sales charge | 1.20% |
30-Day Standardized Yield 2 as of 07/31/2024 |
1.11% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 1.50%
Net 1.50%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | 5.33% | 7.32% | -5.01% | 8.13% | 7.41% | 6.44% |
Lipper Category Avg. Convertible Securities Funds | 4.52% | 5.71% | -1.99% | 7.85% | 7.20% | - |
ICE BofA All Convertible Index | 4.18% | 5.50% | -1.37% | 9.52% | 8.61% | 7.93% |
w/ sales charge | 5.33% | 7.32% | -5.01% | 8.13% | 7.41% | 6.44% |
Fund Expense Ratio :
Gross 1.50%
Net 1.50%
Fund Expense Ratio :
Gross 1.50%
Net 1.50%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | 4.71% | 7.45% | -5.30% | 8.38% | 7.09% | 6.44% |
Lipper Category Avg. Convertible Securities Funds | 2.98% | 6.19% | -2.63% | 7.88% | 6.83% | - |
ICE BofA All Convertible Index | 2.20% | 6.33% | -2.20% | 9.47% | 8.18% | 7.84% |
Fund Expense Ratio :
Gross 1.50%
Net 1.50%
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 | |
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 | |
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 07/31/2024
Rating | Assets |
---|---|
A | |
BBB | |
BB | |
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](/content/dam/shared-assets/biographies/kurtz-al/headshot/Kurtz-Al_headshot.jpg)
![Jeremy I. Lehmann Jeremy I. Lehmann](/content/dam/shared-assets/biographies/lehmann-jeremy/headshot/Lehmann-Jeremy_headshot.jpg)
Your Representative
To contact your representative, enter your zip code and select your channel below.
Performance
Performance
12-Month Dividend Yield 1 as of 08/30/2024
w/o sales charge | 1.20% |
30-Day Standardized Yield 2 as of 07/31/2024
Subsidized3 | Un-Subsidized4 | |
---|---|---|
w/o sales charge | 1.11% | 1.11% |
Fund Expense Ratio :
Gross 1.50%
Net 1.50%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | 5.33% | 7.32% | -5.01% | 8.13% | 7.41% | 6.44% |
Lipper Category Avg. Convertible Securities Funds | 4.52% | 5.71% | -1.99% | 7.85% | 7.20% | - |
ICE BofA All Convertible Index | 4.18% | 5.50% | -1.37% | 9.52% | 8.61% | 7.93% |
w/ sales charge | 5.33% | 7.32% | -5.01% | 8.13% | 7.41% | 6.44% |
Fund Expense Ratio :
Gross 1.50%
Net 1.50%
Fund Expense Ratio :
Gross 1.50%
Net 1.50%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
---|
w/o sales charge | 4.71% | 7.45% | -5.30% | 8.38% | 7.09% | 6.44% |
Lipper Category Avg. Convertible Securities Funds | 2.98% | 6.19% | -2.63% | 7.88% | 6.83% | - |
ICE BofA All Convertible Index | 2.20% | 6.33% | -2.20% | 9.47% | 8.18% | 7.84% |
Fund Expense Ratio :
Gross 1.50%
Net 1.50%
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 |
---|
2023 | 6.58% | 13.05% |
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% | - |
2012 | 11.74% | - |
2011 | -9.37% | - |
2010 | 14.41% | - |
2009 | 35.59% | - |
2008 | -31.39% | - |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 4.53% | 0.17% | - | - |
2023 | 1.96% | 1.86% | -2.98% | 5.77% |
2022 | -7.79% | -16.23% | -0.47% | -0.68% |
2021 | 1.44% | -0.46% | 0.04% | -0.38% |
2020 | -7.92% | 27.02% | 16.11% | 20.27% |
2019 | 11.26% | 4.58% | -0.47% | 7.29% |
2018 | 1.11% | 2.47% | 4.88% | -11.64% |
2017 | 6.43% | 2.51% | 4.00% | 2.40% |
2016 | -1.62% | 3.24% | 7.72% | 2.32% |
2015 | 2.37% | -0.74% | -9.70% | -0.27% |
2014 | 2.06% | 3.73% | -1.36% | 1.14% |
2013 | 6.51% | 3.01% | 7.65% | 6.15% |
2012 | 9.30% | -4.11% | 4.56% | 1.96% |
2011 | 4.61% | -1.53% | -14.66% | 3.10% |
2010 | 3.23% | -7.37% | 11.01% | 7.78% |
2009 | 1.82% | 11.57% | 12.93% | 5.70% |
2008 | -7.34% | 3.41% | -16.00% | -14.74% |
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 | |
Greater than 10 years |
Credit Quality Distribution as of 07/31/2024
Rating | Assets |
---|---|
A | |
BBB | |
BB | |
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 07/31/2024
- Total Net Assets
- $584.58 M
- Average Coupon
- 1.26%
- Average Effective Duration
- 0.01 Years
- Average Maturity
- 3.2 Years
- Number of Issues
- 81
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 07/31/2024
Holding | Sector | Assets |
---|
Bank of America Corp | Financial | 3.7% |
BILL Holdings Inc | Technology | 3.7% |
Match Group Financeco 2 Inc | Communications | 3.7% |
RingCentral Inc | Technology | 3.6% |
NuVasive Inc | Consumer, Non-cyclical | 3.5% |
Okta Inc | Communications | 3.2% |
Microchip Technology Inc | Technology | 3.0% |
Shopify Inc | Communications | 3.0% |
Uber Technologies Inc | Communications | 2.9% |
NextEra Energy Inc | Utilities | 2.7% |
Holding | Coupon | Maturity | Assets |
---|
Match Group Financeco 2 Inc | 0.875% | 06/15/2026 | 3.7% |
Bank of America Corp | 0.000% | - | 3.7% |
BILL Holdings Inc | 0.000% | 04/01/2027 | 3.7% |
RingCentral Inc | 0.000% | 03/15/2026 | 3.6% |
NuVasive Inc | 0.375% | 03/15/2025 | 3.6% |
Okta Inc | 0.125% | 09/01/2025 | 3.3% |
Shopify Inc | 0.125% | 11/01/2025 | 3.1% |
Microchip Technology Inc | 0.750% | 06/01/2030 | 3.0% |
Uber Technologies Inc | 0.000% | 12/15/2025 | 2.9% |
NextEra Energy Inc | 0.000% | 09/01/2025 | 2.7% |
Royal Caribbean Cruises Ltd | 6.000% | 08/15/2025 | 2.4% |
Seagate HDD Cayman | 3.500% | 06/01/2028 | 1.9% |
Itron Inc | 0.000% | 03/15/2026 | 1.9% |
Western Digital Corp | 3.000% | 11/15/2028 | 1.8% |
Apollo Global Management Inc | 0.000% | 07/31/2026 | 1.7% |
Wix.com Ltd | 0.000% | 08/15/2025 | 1.6% |
COPT Defense Properties LP | 5.250% | 09/15/2028 | 1.6% |
Euronet Worldwide Inc | 0.750% | 03/15/2049 | 1.5% |
Shift4 Payments Inc | 0.500% | 08/01/2027 | 1.5% |
Enphase Energy Inc | 0.000% | 03/01/2028 | 1.5% |
ON Semiconductor Corp | 0.500% | 03/01/2029 | 1.5% |
Meritage Homes Corp | 1.750% | 05/15/2028 | 1.4% |
Granite Construction Inc | 3.250% | 06/15/2030 | 1.4% |
MicroStrategy Inc | 0.625% | 03/15/2030 | 1.4% |
Insmed Inc | 0.750% | 06/01/2028 | 1.4% |
Rivian Automotive Inc | 3.625% | 10/15/2030 | 1.3% |
Coinbase Global Inc | 0.500% | 06/01/2026 | 1.3% |
Five9 Inc | 0.500% | 06/01/2025 | 1.3% |
Guidewire Software Inc | 1.250% | 03/15/2025 | 1.3% |
Southwest Airlines Co | 1.250% | 05/01/2025 | 1.3% |
CyberArk Software Ltd | 0.000% | 11/15/2024 | 1.3% |
Lumentum Holdings Inc | 0.500% | 12/15/2026 | 1.3% |
Duke Energy Corp | 4.125% | 04/15/2026 | 1.3% |
CenterPoint Energy Inc | 4.250% | 08/15/2026 | 1.2% |
OSI Systems Inc | 2.250% | 08/01/2029 | 1.2% |
Sarepta Therapeutics Inc | 1.250% | 09/15/2027 | 1.2% |
Freshpet Inc | 3.000% | 04/01/2028 | 1.2% |
Palo Alto Networks Inc | 0.375% | 06/01/2025 | 1.1% |
Natera Inc | 2.250% | 05/01/2027 | 1.1% |
Glaukos Corp | 2.750% | 06/15/2027 | 1.1% |
Spotify USA Inc | 0.000% | 03/15/2026 | 1.1% |
FX EUR/USD 08/24 | 0.000% | 08/20/2024 | 1.1% |
Welltower OP LLC | 3.125% | 07/15/2029 | 1.1% |
Super Micro Computer Inc | 0.000% | 03/01/2029 | 1.1% |
Tetra Tech Inc | 2.250% | 08/15/2028 | 1.1% |
Stride Inc | 1.125% | 09/01/2027 | 1.1% |
JetBlue Airways Corp | 0.500% | 04/01/2026 | 1.0% |
FX EUR/USD 08/24 | 0.000% | 08/20/2024 | 1.0% |
Vertex Inc | 0.750% | 05/01/2029 | 1.0% |
TransMedics Group Inc | 1.500% | 06/01/2028 | 0.9% |
Tyler Technologies Inc | 0.250% | 03/15/2026 | 0.9% |
ATI Inc | 3.500% | 06/15/2025 | 0.9% |
Advanced Energy Industries Inc | 2.500% | 09/15/2028 | 0.9% |
NRG Energy Inc | 2.750% | 06/01/2048 | 0.9% |
Wayfair Inc | 3.250% | 09/15/2027 | 0.8% |
Bread Financial Holdings Inc | 4.250% | 06/15/2028 | 0.8% |
Axon Enterprise Inc | 0.500% | 12/15/2027 | 0.8% |
HAT Holdings I LLC / HAT Holdings II LLC | 0.000% | 05/01/2025 | 0.8% |
FX EUR/USD 08/24 | 0.000% | 08/20/2024 | 0.8% |
MKS Instruments Inc | 1.250% | 06/01/2030 | 0.7% |
Lantheus Holdings Inc | 2.625% | 12/15/2027 | 0.7% |
Booking Holdings Inc | 0.750% | 05/01/2025 | 0.7% |
PPL Capital Funding Inc | 2.875% | 03/15/2028 | 0.7% |
Wayfair Inc | 1.000% | 08/15/2026 | 0.7% |
DraftKings Holdings Inc | 0.000% | 03/15/2028 | 0.6% |
MakeMyTrip Ltd | 0.000% | 02/15/2028 | 0.6% |
Carnival Corp | 5.750% | 12/01/2027 | 0.6% |
Siemens Energy Finance BV | 5.625% | 09/14/2025 | 0.6% |
Chart Industries Inc | 0.000% | 12/15/2025 | 0.6% |
ZTO Express Cayman Inc | 1.500% | 09/01/2027 | 0.5% |
Rheinmetall AG | 2.250% | 02/07/2030 | 0.5% |
FX EUR/USD 08/24 | 0.000% | 08/20/2024 | 0.4% |
Datadog Inc | 0.125% | 06/15/2025 | 0.4% |
353743808 LAC | 0.000% | 01/17/2025 | 0.1% |
FX EUR/USD 08/24 | 0.000% | 08/20/2024 | 0.1% |
GOLDMAN SACHS INTERNATIONAL | 0.000% | 12/20/2024 | 0.1% |
GOLDMAN SACHS INTERNATIONAL | 0.000% | 12/20/2024 | 0.0% |
GOLDMAN SACHS INTERNATIONAL | 0.000% | 12/20/2024 | 0.0% |
FX USD/EUR 08/24 | 0.000% | 08/20/2024 | -0.2% |
FX USD/EUR 08/24 | 0.000% | 08/20/2024 | -0.5% |
FX USD/EUR 08/24 | 0.000% | 08/20/2024 | -3.8% |
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 08/30/2024
- $0.08260
- Dividend Frequency
- Quarterly
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
06/26/2024 | 06/27/2024 | 06/27/2024 | $0.05300 | $13.58 |
03/26/2024 | 03/27/2024 | 03/27/2024 | $0.02960 | $13.60 |
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 |
---|---|---|
09/24/2024 | 09/25/2024 | 09/25/2024 |
12/26/2024 | 12/27/2024 | 12/27/2024 |
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 07/31/2024
1.50% |
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 Financial Statements and Other Information *
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Semi-Annual Tailored Shareholder 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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