LCFTX | Convertible Fund Class R5 | Lord Abbett
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    Convertible Fund

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    Daily price w/o sales charge as of 05/01/2025

    $14.31

    arrowUp$0.06

    YTD Returns w/o sales charge as of 05/01/2025

    0.88%

    Click here to view all legal text including risk information

    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 03/31/2025

    Total Net Assets
    $554.53 M
    Inception Date
    06/30/2015
    Dividend Frequency
    Quarterly
    Fund Gross Expense Ratio
    0.89%
    Fund Net Expense Ratio
    0.89%
    Number of Holdings
    79

    Yield

    12-Month Dividend Yield 1 as of 05/01/2025  

    w/o sales charge 2.34%

    30-Day Standardized Yield 2 as of 03/31/2025  

    		1.14%

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

    Fund Expense Ratio :

    Gross 0.89%

    Net 0.89%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 06/30/2003
    w/o sales charge 0.46% 12.01% 3.73% 8.92% 8.25% 7.69%
    Lipper Category Avg. Convertible Securities Funds -10000.0% -10000.0% -10000.0% -10000.0% -10000.0% -10000.0%
    ICE BofA All Convertible Index -0.77% 11.76% 4.96% 10.49% 8.63% -10000.0%
    w/ sales charge 0.46% 12.01% 3.73% 8.92% 8.25% 7.69%

    Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

    Fund Expense Ratio :

    Gross 0.89%

    Net 0.89%

    Fund Expense Ratio :

    Gross 0.89%

    Net 0.89%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 06/30/2003
    w/o sales charge -1.45% 7.25% 0.03% 10.76% 8.18% 7.63%
    Lipper Category Avg. Convertible Securities Funds -2.24% 5.75% 0.96% 10.36% 7.16% -10000.0%
    ICE BofA All Convertible Index -2.10% 6.44% 1.95% 12.53% 8.56% -10000.0%

    Fund Expense Ratio :

    Gross 0.89%

    Net 0.89%

    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
    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 03/31/2025

    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

    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 101 Investment Professionals with 18 Years Avg. Industry Experience

    Your Representative

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

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    Performance

    Performance

    12-Month Dividend Yield 1 as of 05/01/2025  

    w/o sales charge 2.34%

    30-Day Standardized Yield 2 as of 03/31/2025  

      Subsidized3 Un-Subsidized4
    w/o sales charge 1.14% 1.14%

    Fund Expense Ratio :

    Gross 0.89%

    Net 0.89%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 06/30/2003
    w/o sales charge 0.46% 12.01% 3.73% 8.92% 8.25% 7.69%
    Lipper Category Avg. Convertible Securities Funds -10000.0% -10000.0% -10000.0% -10000.0% -10000.0% -10000.0%
    ICE BofA All Convertible Index -0.77% 11.76% 4.96% 10.49% 8.63% -10000.0%
    w/ sales charge 0.46% 12.01% 3.73% 8.92% 8.25% 7.69%

    Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

    Fund Expense Ratio :

    Gross 0.89%

    Net 0.89%

    Fund Expense Ratio :

    Gross 0.89%

    Net 0.89%

    YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2003
    YTD
    1-YR
    3-YR
    5-YR
    10-YR
    Since Inception 06/30/2003
    w/o sales charge -1.45% 7.25% 0.03% 10.76% 8.18% 7.63%
    Lipper Category Avg. Convertible Securities Funds -2.24% 5.75% 0.96% 10.36% 7.16% -10000.0%
    ICE BofA All Convertible Index -2.10% 6.44% 1.95% 12.53% 8.56% -10000.0%

    Fund Expense Ratio :

    Gross 0.89%

    Net 0.89%

    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 06/30/2003. Performance is calculated from this date.

    Year Fund Returns ICE BofA All Convertible Index
    Year
    Fund Returns
    ICE BofA All Convertible Index
    2024 13.91% 11.30%
    2023 7.24% 13.05%
    2022 -23.18% -18.63%
    2021 1.19% 6.34%
    2020 64.24% 46.22%
    2019 25.05% 23.15%
    2018 -3.43% 0.15%
    2017 16.88% 13.70%
    2016 12.63% 10.43%
    2015 -7.94% -2.99%
    2014 6.24% -10000.0%
    2013 26.14% -10000.0%
    2012 12.36% -10000.0%
    2011 -8.77% -10000.0%
    2010 15.11% -10000.0%
    2009 35.95% -10000.0%
    2008 -31.43% -10000.0%
    2007 9.42% -10000.0%
    2006 9.49% -10000.0%
    2005 4.14% -10000.0%
    Year Q1 Q2 Q3 Q4
    Year
    Q1
    Q2
    Q3
    Q4
    2025 -1.45% -10000.0% -10000.0% -10000.0%
    2024 4.67% 0.32% 4.36% 3.94%
    2023 2.07% 2.04% -2.80% 5.93%
    2022 -7.59% -16.15% -0.24% -0.62%
    2021 1.55% -0.27% 0.18% -0.26%
    2020 -7.78% 27.09% 16.29% 20.50%
    2019 11.37% 4.72% -0.28% 7.52%
    2018 1.22% 2.63% 5.08% -11.53%
    2017 6.56% 2.71% 4.10% 2.58%
    2016 -1.49% 3.43% 7.87% 2.48%
    2015 2.48% -0.60% -9.54% -0.11%
    2014 2.24% 3.89% -1.23% 1.27%
    2013 6.61% 3.16% 7.84% 6.34%
    2012 9.41% -4.00% 4.71% 2.16%
    2011 4.69% -1.30% -14.59% 3.38%
    2010 3.43% -7.27% 11.14% 8.00%
    2009 1.97% 11.41% 13.01% 5.89%
    2008 -7.26% 3.55% -16.33% -14.67%
    2007 2.31% 4.06% 2.28% 0.48%
    2006 6.08% -2.08% 0.69% 4.70%
    2005 -2.06% 1.04% 5.20% 0.04%
    2004 -10000.0% -10000.0% -10000.0% 7.74%

    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 03/31/2025

    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 Positioning
    as of 06/30/2024

    • Looking ahead, there are several reasons why we are bullish on the outlook for convertible bonds. First, the environment for small- and mid-cap companies continues to improve amid encouraging inflation data, earnings resiliency, and the increased prospect for a “soft landing” for the U.S. economy. Should this trend continue, and the underlying equities of convertible issuers continue to rally, their bonds’ embedded conversion options will move closer to being “in-the-money” —enabling convertible bonds to capture an increasing proportion of any prospective equity upside.

    • Second, as a result the Fed’s aggressive rate hiking cycle, new issuance has been strong thus far in 2024. Notably, while non-rated securities continue to make up a large portion of primary issuance volume, investment-grade issuance has also been elevated as convertible bonds have provided an attractive alternative to the higher borrowing costs associated with “straight” (non-convertible) debt. We have also seen increasing diversification, with a large portion of new issuance coming from less-traditional convertible-bond sectors, such as Utilities, Financials, and Communication Services. Should we remain in a “higher-for-longer” interest-rate environment, we believe this accelerated pace of issuance can continue as both the convertible and high yield markets navigate through challenging maturity schedules over the next several years.

    • Lastly, the convertible market delta has been range-bound in the mid-40s and remains near the post-global financial crisis lows. This is noteworthy, as forward returns have historically been favorable when market delta is at these lower levels. Also, given that nearly half of the market is considered “bond-like” (delta below 0.40), we believe the asset class’s lower equity sensitivity may appeal to investors who are concerned about volatility in the stock market.

    PORTFOLIO DETAILS as of 03/31/2025

    Total Net Assets
    $554.53 M
    Average Coupon
    1.87%
    Average Effective Duration
    0.01 Years
    Average Maturity
    3.03 Years
    Number of Issues
    79

    To view definitions for the above Portfolio Details, Click here.

    Top Ten Holdings as of  03/31/2025

    Holding Sector Assets
    Holding
    Sector
    Assets
    Shopify Inc Communications 4.6%
    RingCentral Inc Technology 4.4%
    MGP Ingredients Inc Consumer, Non-cyclical 4.3%
    Southwest Airlines Co Consumer, Cyclical 4.2%
    Match Group Financeco 2 Inc Communications 4.1%
    Bank of America Corp Financial 4.0%
    Okta Inc Technology 3.9%
    Five9 Inc Technology 3.5%
    Boeing Co/The Industrial 3.1%
    Wix.com Ltd Communications 2.9%
    Holding Coupon Maturity Assets
    Holding
    Coupon
    Maturity
    Assets
    Shopify Inc0.125% 11/01/20254.6%
    RingCentral Inc0.000% 03/15/20264.4%
    MGP Ingredients Inc1.875% 11/15/20414.3%
    Southwest Airlines Co1.250% 05/01/20254.2%
    Match Group Financeco 2 Inc0.875% 06/15/20264.1%
    Bank of America Corp7.250% 01/30/21744.0%
    Okta Inc0.125% 09/01/20253.9%
    Five9 Inc0.500% 06/01/20253.6%
    Boeing Co/The6.000% 10/15/20273.1%
    Wix.com Ltd0.000% 08/15/20252.9%
    Cloudflare Inc0.000% 08/15/20262.8%
    Welltower OP LLC3.125% 07/15/20292.7%
    Live Nation Entertainment Inc3.125% 01/15/20292.1%
    Alibaba Group Holding Ltd0.500% 06/01/20312.1%
    MicroStrategy Inc0.000% 12/01/20292.0%
    Snowflake Inc0.000% 10/01/20271.9%
    Wayfair Inc1.000% 08/15/20261.8%
    Affirm Holdings Inc0.750% 12/15/20291.8%
    MicroStrategy Inc0.625% 03/15/20301.8%
    NextEra Energy Inc7.299% 06/01/20271.7%
    Insulet Corp0.375% 09/01/20261.7%
    Southern Co/The4.500% 06/15/20271.7%
    MP Materials Corp3.000% 03/01/20301.6%
    Guidewire Software Inc1.250% 11/01/20291.5%
    Coinbase Global Inc0.500% 06/01/20261.3%
    Duke Energy Corp4.125% 04/15/20261.3%
    Ares Management Corp6.750% 10/01/20271.2%
    Bridgebio Pharma Inc2.500% 03/15/20271.2%
    SoFi Technologies Inc1.250% 03/15/20291.2%
    Apollo Global Management Inc6.750% 07/31/20261.2%
    Sea Ltd2.375% 12/01/20251.1%
    Microchip Technology Inc7.500% 03/15/20281.1%
    Core Scientific Inc0.000% 06/15/20311.1%
    PPL Capital Funding Inc2.875% 03/15/20281.1%
    iRhythm Technologies Inc1.500% 09/01/20291.0%
    Spotify USA Inc0.000% 03/15/20261.0%
    Guardant Health Inc1.250% 02/15/20311.0%
    Stride Inc1.125% 09/01/20271.0%
    FX EUR/USD 05/250.000% 05/23/20251.0%
    Tyler Technologies Inc0.250% 03/15/20261.0%
    NCL Corp Ltd1.125% 02/15/20271.0%
    GameStop Corp0.000% 04/01/20301.0%
    Axon Enterprise Inc0.500% 12/15/20270.9%
    Upstart Holdings Inc1.000% 11/15/20300.9%
    IMAX Corp0.500% 04/01/20260.9%
    Insmed Inc0.750% 06/01/20280.8%
    Liberty Media Corp-Liberty Formula One2.250% 08/15/20270.8%
    Xiaomi Best Time International Ltd0.000% 12/17/20270.8%
    HubSpot Inc0.375% 06/01/20250.8%
    Uber Technologies Inc0.000% 12/15/20250.8%
    Trip.com Group Ltd0.750% 06/15/20290.8%
    Siemens Energy Finance BV5.625% 09/14/20250.7%
    NRG Energy Inc2.750% 06/01/20480.7%
    Q2 Holdings Inc0.750% 06/01/20260.7%
    Zillow Group Inc2.750% 05/15/20250.6%
    Booking Holdings Inc0.750% 05/01/20250.6%
    Wayfair Inc3.250% 09/15/20270.6%
    Chart Industries Inc6.750% 12/15/20250.5%
    KKR & Co Inc6.250% 03/01/20280.5%
    Rivian Automotive Inc3.625% 10/15/20300.5%
    Carnival Corp5.750% 12/01/20270.4%
    Seagate HDD Cayman3.500% 06/01/20280.4%
    ZIS8762815 LACCUAT0.000% 09/19/20250.3%
    ON Semiconductor Corp0.500% 03/01/20290.3%
    FX EUR/USD 05/250.000% 05/23/20250.3%
    FX EUR/USD 05/250.000% 05/23/20250.2%
    RKLB US 09/19/25 C26 (OTC) MOV0.000% 09/19/20250.2%
    CYBR US 07/18/25 C370 (OTC) GOL0.000% 07/18/20250.2%
    TVTX US 06/20/25 C22.5 (OTC) GOL0.000% 06/20/20250.1%
    ZIS8762815 LACCUAT0.000% 06/20/20250.1%
    SHOP US 06/20/25 C105 (OTC) MOV0.000% 06/20/20250.0%
    PANW US 06/20/25 C200 (OTC) MOV0.000% 06/20/20250.0%
    OKTA US 05/16/25 C115 (OTC) MOV0.000% 05/16/20250.0%
    GDS US 06/20/25 C47 (OTC) MOV0.000% 06/20/20250.0%
    RCL US 06/20/25 C280 (OTC) MOV0.000% 06/20/20250.0%
    ZIS8762815 LACCUAT0.000% 09/19/2025-0.1%
    FX USD/EUR 05/250.000% 05/23/2025-0.1%
    FX USD/EUR 05/250.000% 05/23/2025-0.2%
    FX USD/EUR 05/250.000% 05/23/2025-2.0%

    Dividends & Cap Gains

    Dividends & Cap Gains

    Dividend Payments

    For
    YTD Dividends Paidas of 05/01/2025
    $0.05480
    Dividend Frequency
    Quarterly
    Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
    03/26/2025 03/27/2025 03/27/2025 $0.05480 $14.17

    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
    06/23/2025 06/24/2025 06/24/2025
    09/22/2025 09/23/2025 09/23/2025
    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 $16.05

    Fees & Expenses

    Fees & Expenses

    Expense Ratioas of 03/31/2025

    Fund Gross Expense Ratio 0.89%
    Fund Net Expense Ratio 0.89%

    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
    Annual Tailored Shareholder Report
    Publish Date:11/03/2015
    Semi-Annual Financial Statements and Other Information *
    Publish Date:11/03/2015
    Semi-Annual Tailored Shareholder Report
    Publish Date:11/03/2015
    Fact Sheet
    Publish Date:11/03/2015
    * includes items 7-11 of form N-CSR as required, if any.

    To order literature visit full website

     

    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.

     

    About Barron's Best Fund Families
    Source: Barron's, "Best Fund Families of 2024." February 27, 2025. Used with permission. ©2025 Dow Jones & Company, Inc.

    The 2024 Barron’s Best Fund Families List ranks the active management ability of qualifying companies. Rankings are based on the asset-weighted one-year returns as of 12/31/24, excluding 12b-1 fees and sales loads, of a company’s actively managed fund line up in five asset class categories: US Equity, World Equity, Mixed Asset, Taxable Bond, and Tax-Exempt Bond as determined by Barron’s. Overall ranking based on aggregate, weighted score across the five asset categories. Performance data from Refinitiv Lipper.

    Past performance does not guarantee future results. Lord Abbett ranked overall #1 of 48, #6 of 46, and #23 of 46 for the 1- ,5-, and 10-year periods respectively. Lord Abbett ranked #1 of 48 in US Equity, #2 of 48 in Mixed Asset, #2 of 48 in Taxable Bond, and #5 of 48 in Tax-Exempt Bond.

    How We Ranked the Fund Families
    In ranking mutual and exchange-traded funds, our aim is to measure manager skill, independent of expenses beyond annual management fees. That is why we calculate returns before any 12b-1 fees are deducted. Similarly, fund loads, or sales charges, aren’t included in our calculation of returns.

    Each fund’s performance is measured against all of the other funds in its LSEG Lipper category, with a percentile ranking of 100 being the highest and one the lowest. This result is then weighted by asset size relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, that boosts its overall ranking, and vice versa.

    To be included in the ranking, a firm must have at least three funds in the general equity category, one in world equity, one in mixed equity such as a balanced or target-date fund, two taxable bond funds, and one national tax-exempt bond fund.

    Single-sector and country equity funds are factored into the rankings as general equity. We exclude all index funds, but include actively managed ETFs and so-called smart-beta ETFs, which are passively managed but created from active strategies.

    Finally, the score is multiplied by the weighting of its general classification, as determined by the Lipper universe of funds. The category weightings for 2024 were general equity, 39.1%; mixed asset, 21.6%; world equity, 15.3%; taxable bond,20.1%; and tax-exempt bond, 3.9%.

    The category weightings for the five-year results were general equity, 39%; mixed asset, 21.7%; world equity, 15.3%; taxable bond, 19.9%; and tax-exempt bond, 4%.For the 10-year list, they were general equity, 40%; mixed asset, 22.1%; world equity, 14.8%; taxable bond, 19.2%; and tax[1]exempt bond, 3.9%. The weightings may not total 100 due to rounding.

    How the scoring works: Say a fund in the general U.S. equity category has $500million in assets, accounting for half of the firm’s assets in that category, and its performance lands it in the 75th percentile for the category. The first calculation would be 75 times 0.5, which comes to 37.5. That score is then multiplied by 39.1%, general equity’s overall weighting in Lipper’s universe. So, it would be 37.5 times0.391, which equals 14.66. Similar calculations are done for each fund in our study; then the numbers are added for each category and overall. The shop with the highest total score wins. The same process is repeated to determine the five- and 10-year rankings.

    Select funds to run a Morningstar Hypothetical Report.

    • U.S. Equity
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    • U.S. Equity
    • Global & International Equity
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    • Multi-Asset
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    • Fixed Income
    • Fixed Income
    • Fixed Income
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    • Fixed Income
    • Fixed Income
    • Fixed Income
    • Fixed Income
    • Fixed Income
    • Fixed Income
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    • Tax-Free Income
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