Lord Abbett Convertible Fund Class A: (MF: LACFX)
(NASDAQ Mutual Funds) As of Jul 17, 2024 08:00 PM ET
$13.31 USD
-0.17 (-1.26%)
Fund Description
The fund was incepted in June 2003 and is managed by Lord, Abbett & Co. LLC. The objective of the fund is to seek current income and the opportunity for capital appreciation to produce a high total return. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in a diversified portfolio of convertible securities issued by U.S. and foreign companies. The fund also invests in investment grade debt securities and lower-rated debt securities. The fund may invest up to 20% of its net assets in non-convertible fixed income securities, equity securities, including common stocks and preferred stocks and up to 20% of its net assets in foreign securities that are primarily traded outside the United States. The fund distributes dividends quarterly. Capital gains, if any are distributed annually.
Load Information
Ticker | Max Load % |
Deferred Load % |
Red. Fee % |
12B-1 Fee % |
Mgmt Fee % |
Expense Ratio % |
|
---|---|---|---|---|---|---|---|
Lord Abbett Convertible A | LACFX | 2.25 | NA | 0.00 | 0.20 | 0.70 | 1.10 |
Return Data
Ticker | Nav | Inception Date | % yield | 1 year return | 2 year return | 3 year return | |
---|---|---|---|---|---|---|---|
Lord Abbett Convertible Fund A | LACFX | 13.31 | 6/30/2003 | 0.79 | 7.90 | -5.22 | 8.62 |
Lord Abbett Convertible Fund C | LACCX | 13.09 | 6/30/2003 | 0.50 | 7.22 | -5.84 | 7.93 |
Lord Abbett Convertible Fund P | LCFPX | 13.57 | 6/30/2003 | 0.66 | 7.59 | -5.45 | 8.37 |
Lord Abbett Convertible Fund I | LCFYX | 13.34 | 6/30/2003 | 0.88 | 8.12 | -5.02 | 8.85 |
Lord Abbett Convertible Fund R2 | LBCQX | 13.57 | 10/1/2007 | 0.58 | 7.45 | -5.58 | 8.20 |
Lord Abbett Convertible Fund F | LBFFX | 13.25 | 10/1/2007 | 0.82 | 7.98 | -5.12 | 8.75 |
Lord Abbett Convertible Fund R3 | LCFRX | 13.14 | 10/1/2007 | 0.64 | 7.56 | -5.50 | 8.31 |
Investment Information
Ticker | Minimum Initial Investment ($) | Minimum Subsequent Investment ($) | Minimum Initial IRA ($) | Dividend Frequency | |
---|---|---|---|---|---|
Lord Abbett Convertible A | LACFX | 1500 | 0 | 0 | Q |
Contact Information
Family | Lord Abbett |
Address | 90 Hudson St 10th Flr Jersey City, NJ 07302 |
Phone | 888 522-2388 |