Lord Abbett Convertible P (LCFPX)
| Fund Assets | 699.54M |
| Expense Ratio | 1.35% |
| Min. Investment | $0.00 |
| Turnover | 151.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 1.14% |
| Dividend Growth | -9.92% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | n/a |
| Previous Close | 20.06 |
| YTD Return | 16.06% |
| 1-Year Return | 28.56% |
| 5-Year Return | 30.79% |
| 52-Week Low | 15.81 |
| 52-Week High | 21.27 |
| Beta (5Y) | 0.77 |
| Holdings | 79 |
| Inception Date | Jun 30, 2003 |
About LCFPX
The Lord Abbett Convertible Fund Class P is a mutual fund designed to deliver both current income and the potential for capital appreciation by primarily investing in convertible securities. These securities, issued by U.S. and foreign companies, provide the fund with a blend of fixed-income stability and equity upside, as convertibles can be exchanged for a pre-determined number of company shares. At least 80% of the fund’s net assets are typically allocated to a diversified portfolio of convertible bonds and preferred stocks. The fund also has the flexibility to invest up to 20% of assets in non-convertible debt or equity securities, and a similar portion in foreign-issued instruments, enhancing its diversification and opportunity set. Portfolios are actively managed and may include both investment grade and high-yield ("junk") convertibles, as well as securities from companies of various sizes, including small- and mid-cap firms. The fund’s strategy emphasizes fundamental, bottom-up research to identify undervalued convertible opportunities. By combining income from interest and dividends with the growth potential that convertible securities offer, the Lord Abbett Convertible Fund Class P occupies a distinctive role for investors seeking a balance of income and capital growth within the broader market for hybrid and fixed-income assets.
Performance
LCFPX had a total return of 28.56% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.25%.
Top 10 Holdings
30.13% of assets| Name | Symbol | Weight |
|---|---|---|
| Redfin Corporation 0.5% | RDFN.0.5 04.01.27 | 4.14% |
| Sea Ltd. 0.25% | SEALTD.0.25 09.15.26 | 3.82% |
| Western Digital Corp. 3% | WDC.3 11.15.28 | 3.77% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | BAC.7.25 PERP L | 3.33% |
| Euronet Worldwide, Inc. 0.63% | EEFT.0.625 10.01.30 | 3.17% |
| Lumentum Holdings Inc. 0.5% | LITE.0.5 06.15.28 | 2.68% |
| Welltower OP LLC 3.13% | WELL.3.125 07.15.29 | 2.41% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 2.31% |
| NextEra Energy Inc 7.299% CORP UNIT 01/06/2027 | NEE.7.299 06.01.27 | 2.26% |
| Akamai Technologies, Inc. 0.38% | AKAM.0.375 09.01.27 | 2.24% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 26, 2026 | $0.0412 | Jun 26, 2026 |
| Mar 27, 2026 | $0.0261 | Mar 27, 2026 |
| Dec 30, 2025 | $0.1102 | Dec 30, 2025 |
| Sep 23, 2025 | $0.055 | Sep 23, 2025 |
| Jun 24, 2025 | $0.0459 | Jun 24, 2025 |
| Mar 27, 2025 | $0.0387 | Mar 27, 2025 |