Lord Abbett Convertible Fund Class I (LCFYX)
| Fund Assets | 558.34M |
| Expense Ratio | 0.89% |
| Min. Investment | $1,000,000 |
| Turnover | 145.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 2.10% |
| Dividend Growth | 34.06% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 24, 2025 |
| Previous Close | 15.51 |
| YTD Return | 10.28% |
| 1-Year Return | 19.80% |
| 5-Year Return | 43.53% |
| 52-Week Low | 12.99 |
| 52-Week High | 15.58 |
| Beta (5Y) | 0.64 |
| Holdings | 73 |
| Inception Date | Jun 30, 2003 |
About LCFYX
Lord Abbett Convertible Fund, Class I is an actively managed mutual fund specializing in convertible securities, which are hybrid instruments combining elements of both fixed income and equity. The fund’s primary objective is to provide current income and the opportunity for capital appreciation, aiming for a high total return over time. By investing at least 80% of its assets in convertible instruments—including convertible bonds and preferred stocks—the fund seeks to capture the potential upside of equities while maintaining the downside protection typical of fixed-income investments. As of May 2025, the fund holds a diversified portfolio of approximately 76-83 issuers and manages over $550 million in assets. The fund distributes dividends quarterly and is designed for institutional investors, with a minimum initial investment of $1,000,000 under most circumstances. Its role in the financial market is to provide access to the unique risk-return profile of convertible securities, appealing to investors looking to balance income generation with growth potential. This makes Lord Abbett Convertible Fund, Class I a versatile instrument for portfolio diversification across business cycles and market environments.
Performance
LCFYX had a total return of 19.80% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.87%.
Top 10 Holdings
39.25% of assets| Name | Symbol | Weight |
|---|---|---|
| Shopify Inc 0.13% | SHOPCN.0.125 11.01.25 | 4.66% |
| Ringcentral Inc 0% | RNG.0 03.15.26 | 4.44% |
| MGP Ingredients Inc. 1.88% | MGPI.1.875 11.15.41 | 4.30% |
| Southwest Airlines Co. 1.25% | LUV.1.25 05.01.25 | 4.20% |
| IAC Financeco 2 Inc / IAC Financeco 3 Inc 0.88% | MTCH.0.875 06.15.26 | 4.17% |
| Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | BAC.7.25 PERP L | 4.01% |
| Okta Inc. 0.13% | OKTA.0.125 09.01.25 | 3.93% |
| Five9 Inc. 0.5% | FIVN.0.5 06.01.25 | 3.57% |
| Boeing Co 6% PRF CONVERT 15/10/2027 USD 50 - Dep Rep 1/20th Sr A | BA.6 10.15.27 | 3.09% |
| Wix.com Limited 0% | WIX.0 08.15.25 | 2.88% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2025 | $0.0618 | Jun 24, 2025 |
| Mar 27, 2025 | $0.0548 | Mar 27, 2025 |
| Dec 27, 2024 | $0.1363 | Dec 27, 2024 |
| Sep 25, 2024 | $0.071 | Sep 25, 2024 |
| Jun 27, 2024 | $0.073 | Jun 27, 2024 |
| Mar 27, 2024 | $0.0483 | Mar 27, 2024 |