Lord Abbett Convertible R3 (LCFRX)
| Fund Assets | 699.54M |
| Expense Ratio | 1.40% |
| Min. Investment | $0.00 |
| Turnover | 151.00% |
| Dividend (ttm) | 0.23 |
| Dividend Yield | 1.16% |
| Dividend Growth | -11.36% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 26, 2026 |
| Previous Close | 19.37 |
| YTD Return | 16.03% |
| 1-Year Return | 28.48% |
| 5-Year Return | 30.46% |
| 52-Week Low | 15.27 |
| 52-Week High | 20.53 |
| Beta (5Y) | 0.77 |
| Holdings | 79 |
| Inception Date | Sep 28, 2007 |
About LCFRX
Lord Abbett Convertible Fund Class R3 is a mutual fund focused on investing primarily in convertible securities, such as convertible bonds and convertible preferred stocks. Its main objective is to provide current income while offering the potential for capital appreciation, striving to deliver a high total return. The fund typically allocates at least 80% of its net assets to convertible instruments, which blend characteristics of both equities and fixed income, allowing investors to participate in equity upside while seeking downside protection through bond-like features. The fund is actively managed, with a portfolio that may also contain cash and other securities, and as of May 2025 it holds 76 positions with total net assets exceeding $558 million. Lord Abbett Convertible Fund Class R3 is notable for its quarterly dividend distributions and its role in the market as a diversification tool, appealing to investors seeking a balanced approach that moderates the volatility of pure equity investments while capturing growth opportunities. This strategy is especially relevant for those interested in sectors where companies raise capital through convertible debt, bridging the gap between traditional bonds and stocks.
Performance
LCFRX had a total return of 28.48% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.83%.
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 | $0.0393 | Jun 26, 2026 |
| Mar 27, 2026 | $0.0244 | Mar 27, 2026 |
| Dec 30, 2025 | $0.1084 | Dec 30, 2025 |
| Sep 23, 2025 | $0.0533 | Sep 23, 2025 |
| Jun 24, 2025 | $0.0442 | Jun 24, 2025 |
| Mar 27, 2025 | $0.037 | Mar 27, 2025 |