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Trending ETFs

Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.79

$584 M

1.39%

$0.20

1.50%

Vitals

YTD Return

14.8%

1 yr return

15.3%

3 Yr Avg Return

-2.3%

5 Yr Avg Return

9.0%

Net Assets

$584 M

Holdings in Top 10

33.8%

52 WEEK LOW AND HIGH

$14.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.50%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 154.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/20/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$14.79

$584 M

1.39%

$0.20

1.50%

LBCQX - Profile

Distributions

  • YTD Total Return 14.8%
  • 3 Yr Annualized Total Return -2.3%
  • 5 Yr Annualized Total Return 9.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.10%
DIVIDENDS
  • Dividend Yield 1.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Lord Abbett Convertible Fund
  • Fund Family Name
    LORDABBETT
  • Inception Date
    Apr 04, 2017
  • Shares Outstanding
    N/A
  • Share Class
    R2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Alan Kurtz

Fund Description

Under normal conditions, the Fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in a diversified portfolio of convertible securities issued by U.S. and foreign companies. Convertible securities may include corporate bonds, debentures, notes, preferred stocks, and any other securities that can be exchanged for equity securities or provide an opportunity for equity participation. For purposes of this 80% policy, the Fund also may gain exposure to convertible securities through derivatives or other ‘synthetic’ means.

The Fund may invest in both investment grade convertible securities and lower-rated (commonly referred to as “high-yield” or “junk”) convertible securities or, if unrated, determined by Lord Abbett to be of comparable quality. The Fund may invest in companies of all sizes and may from time to time invest a significant amount of its assets in securities of small and mid-sized companies and below investment grade securities.

The Fund may invest up to 20% of its net assets in non-convertible debt or equity securities. In addition, the Fund may invest up to 20% of its net assets in foreign securities. The Fund defines foreign securities as securities of non-U.S. issuers that are denominated in non-U.S. currencies.

The Fund will not invest more than 25% of its total assets in any industry; however, this limitation does not apply to mortgage-backed securities, privately issued mortgage-related securities, or securities issued by the U.S. Government, its agencies and instrumentalities.

The Fund may use derivatives to hedge against risk or to gain investment exposure. Currently, the Fund expects to invest in derivatives consisting principally of futures, forwards, options, and swaps. The Fund may use derivatives to seek to enhance returns, to attempt to hedge some of its investment risk, to manage portfolio duration, as a substitute for holding the underlying asset on which the derivative instrument is based, or for cash management purposes. For example, the Fund may invest in or sell short U.S. Treasury futures, securities index futures, other futures, and/or currency forwards to adjust the Fund’s exposure to the direction of interest rates, or for other portfolio management reasons.

The portfolio management team uses fundamental, bottom-up analysis to identify convertible securities that it believes are undervalued and that potentially may

increase total return and reduce downside risk. The portfolio management team will work toward reducing risk through portfolio diversification, credit analysis, assessment of risk/return potential, and attention to current developments and trends in interest rates and economic conditions. The investment team may also consider the risks and return potential presented by environmental, social, and governance (“ESG”) factors in investment decisions. The Fund engages in active and frequent trading of its portfolio securities.

The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.

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LBCQX - Performance

Return Ranking - Trailing

Period LBCQX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.8% -3.2% 15.9% 25.00%
1 Yr 15.3% -2.5% 16.4% 22.37%
3 Yr -2.3%* -15.2% 5.3% 89.33%
5 Yr 9.0%* -7.5% 11.5% 47.89%
10 Yr 8.1%* -0.9% 10.7% 35.09%

* Annualized

Return Ranking - Calendar

Period LBCQX Return Category Return Low Category Return High Rank in Category (%)
2023 5.0% -7.7% 13.1% 66.23%
2022 -25.1% -37.8% -12.8% 71.05%
2021 -14.6% -18.9% 2.4% 65.79%
2020 41.4% 5.9% 54.0% 9.72%
2019 14.3% 9.9% 24.4% 62.50%

Total Return Ranking - Trailing

Period LBCQX Return Category Return Low Category Return High Rank in Category (%)
YTD 14.8% -3.2% 15.9% 25.00%
1 Yr 15.3% -2.5% 16.4% 22.37%
3 Yr -2.3%* -15.2% 5.3% 89.33%
5 Yr 9.0%* -7.5% 11.5% 47.89%
10 Yr 8.1%* -0.9% 10.7% 35.09%

* Annualized

Total Return Ranking - Calendar

Period LBCQX Return Category Return Low Category Return High Rank in Category (%)
2023 6.6% -7.7% 15.3% 79.22%
2022 -23.6% -37.8% -10.6% 92.11%
2021 0.6% -12.2% 11.3% 85.53%
2020 63.3% 8.7% 64.4% 13.89%
2019 24.3% 12.2% 28.7% 44.44%

NAV & Total Return History


LBCQX - Holdings

Concentration Analysis

LBCQX Category Low Category High LBCQX % Rank
Net Assets 584 M 13.4 M 4.3 B 50.65%
Number of Holdings 77 41 381 68.83%
Net Assets in Top 10 193 M 3.92 M 608 M 38.96%
Weighting of Top 10 33.78% 9.5% 46.5% 14.29%

Top 10 Holdings

  1. FIXED INC CLEARING CORP.REPO 5.13%
  2. Bank of America Corp 3.92%
  3. BILL Holdings Inc 3.78%
  4. RingCentral Inc 3.66%
  5. NextEra Energy Inc 3.25%
  6. Shopify Inc 3.13%
  7. Uber Technologies Inc 3.07%
  8. Match Group Financeco 2 Inc 2.99%
  9. NuVasive Inc 2.73%
  10. Lumentum Holdings Inc 2.12%

Asset Allocation

Weighting Return Low Return High LBCQX % Rank
Convertible Bonds
92.09% 37.15% 99.72% 11.69%
Bonds
86.96% 0.00% 98.77% 45.45%
Preferred Stocks
7.37% 0.00% 22.50% 55.84%
Other
5.40% -17.11% 5.40% 1.30%
Cash
2.08% -78.94% 9.51% 54.55%
Stocks
0.00% 0.00% 23.09% 55.84%

Bond Sector Breakdown

Weighting Return Low Return High LBCQX % Rank
Corporate
100.00% 91.11% 100.00% 1.30%
Cash & Equivalents
2.08% 0.00% 9.51% 46.75%
Derivative
0.28% -0.03% 0.76% 7.79%
Securitized
0.00% 0.00% 0.00% 7.79%
Municipal
0.00% 0.00% 0.00% 7.79%
Government
0.00% 0.00% 2.94% 19.48%

Bond Geographic Breakdown

Weighting Return Low Return High LBCQX % Rank
US
85.87% 0.00% 98.77% 41.56%
Non US
1.09% 0.00% 15.91% 7.79%

LBCQX - Expenses

Operational Fees

LBCQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.50% 0.20% 2.87% 27.27%
Management Fee 0.70% 0.20% 1.00% 42.86%
12b-1 Fee 0.60% 0.00% 1.00% 69.57%
Administrative Fee 0.04% 0.04% 0.15% 6.67%

Sales Fees

LBCQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LBCQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

LBCQX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 154.00% 30.00% 154.00% 85.51%

LBCQX - Distributions

Dividend Yield Analysis

LBCQX Category Low Category High LBCQX % Rank
Dividend Yield 1.39% 0.00% 4.30% 83.12%

Dividend Distribution Analysis

LBCQX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Quarterly Monthly Quarterly

Net Income Ratio Analysis

LBCQX Category Low Category High LBCQX % Rank
Net Income Ratio 0.10% -3.72% 3.69% 67.11%

Capital Gain Distribution Analysis

LBCQX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

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LBCQX - Fund Manager Analysis

Managers

Alan Kurtz


Start Date

Tenure

Tenure Rank

Apr 29, 2013

9.09

9.1%

Mr. Kurtz is a portfolio manager for the convertible strategy. Mr. Kurtz joined Lord Abbett's Operations Department in 2000. In 2002, he joined the convertible investment team as a sector analyst. He subsequently added responsibility for trading the convertible strategy, and in 2007 was asked to manage the day-to-day operations of the convertible separately managed account strategy. In 2013, he became a portfolio manager of the convertible strategy. Mr. Kurtz received a BA from Hartwick College and an MBA from New York University. He has been in the investment business since 2000.

Jeremy Lehmann


Start Date

Tenure

Tenure Rank

Dec 01, 2020

1.5

1.5%

Tenure Analysis

Category Low Category High Category Average Category Mode
0.25 36.97 10.28 7.42