Lord Abbett Convertible Fund Class C (LACCX)
| Fund Assets | 964.47M |
| Expense Ratio | 1.70% |
| Min. Investment | $1,500 |
| Turnover | n/a |
| Dividend (ttm) | 0.22 |
| Dividend Yield | 1.55% |
| Dividend Growth | 61.22% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 27, 2025 |
| Previous Close | 14.01 |
| YTD Return | 1.76% |
| 1-Year Return | 13.19% |
| 5-Year Return | 53.43% |
| 52-Week Low | n/a |
| 52-Week High | n/a |
| Beta (5Y) | n/a |
| Holdings | 78 |
| Inception Date | Jun 30, 2003 |
About LACCX
LACCX was founded on 2003-06-30. The Fund's investment strategy focuses on Convertible Secs with 1.7% total expense ratio. The minimum amount to invest in Lord Abbett Investment Trust: Lord Abbett Convertible Fund; Class C Shares is $1,500 on a standard taxable account. Lord Abbett Investment Trust: Lord Abbett Convertible Fund; Class C Shares seeks current income and the opportunity for capital appreciation to produce a high total return. the Fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings, in a diversified portfolio of convertible securities issued by U.S. and foreign companies.
Performance
LACCX had a total return of 13.19% in the past year, including dividends. Since the fund's inception, the average annual return has been 6.60%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FIQVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class Z | 0.60% |
| FTCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class M | 1.24% |
| FCCVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class C | 1.76% |
| FICVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class I | 0.72% |
| FACVX | Fidelity | Fidelity Advisor Convertible Securities Fund - Class A | 0.99% |
Top 10 Holdings
37.08% of assets| Name | Symbol | Weight |
|---|---|---|
| RingCentral Inc | n/a | 4.11% |
| MGP Ingredients Inc | MGPI 1.875 11.15.41 | 3.99% |
| Southwest Airlines Co | LUV 1.25 05.01.25 | 3.89% |
| Match Group Financeco 2 Inc | MTCH 0.875 06.15.26 | 3.85% |
| Five9 Inc | FIVN 0.5 06.01.25 | 3.81% |
| Bank of America Corp | BAC 7.25 PERP L | 3.74% |
| Okta Inc | OKTA 0.125 09.01.25 | 3.66% |
| Shopify Inc | SHOPCN 0.125 11.01.25 | 3.44% |
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 3.38% |
| MicroStrategy Inc | MSTR 0 12.01.29 | 3.21% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 27, 2025 | $0.0252 | Mar 27, 2025 |
| Dec 27, 2024 | $0.1058 | Dec 27, 2024 |
| Sep 25, 2024 | $0.0433 | Sep 25, 2024 |
| Jun 27, 2024 | $0.0456 | Jun 27, 2024 |
| Mar 27, 2024 | $0.0213 | Mar 27, 2024 |
| Dec 27, 2023 | $0.0558 | Dec 27, 2023 |