Lord Abbett Convertible Fund Class F3 (LOCFX)
| Fund Assets | 637.70M |
| Expense Ratio | 0.82% |
| Min. Investment | $0.00 |
| Turnover | 151.00% |
| Dividend (ttm) | 0.32 |
| Dividend Yield | 1.72% |
| Dividend Growth | -2.47% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Dec 30, 2025 |
| Previous Close | 18.49 |
| YTD Return | 8.20% |
| 1-Year Return | 26.89% |
| 5-Year Return | 12.10% |
| 52-Week Low | 13.11 |
| 52-Week High | 18.72 |
| Beta (5Y) | n/a |
| Holdings | 85 |
| Inception Date | n/a |
About LOCFX
Lord Abbett Convertible Fund Class F3 is a mutual fund focused on providing investors with current income and the opportunity for capital appreciation by primarily investing in convertible securities. These securities, such as convertible bonds and convertible preferred stocks, are hybrid instruments that can be exchanged for a predetermined number of shares of the issuing company’s stock, enabling the fund to participate in both fixed-income and equity market dynamics. At least 80% of the fund's assets are allocated to convertible securities from issuers across a broad range of industries, company sizes, and credit qualities, including both investment grade and high-yield issuances. The remaining allocation may include non-convertible debt or equity securities and up to 20% in foreign securities. The fund employs active management strategies, occasionally using derivatives for hedging or to pursue additional investment opportunities. With a quarterly dividend distribution and a competitive expense ratio, the fund is designed to offer diversification and a blend of income and growth potential within a single portfolio, appealing to investors seeking exposure to the unique characteristics of the convertible securities market.
Performance
LOCFX had a total return of 26.89% in the past year, including dividends. Since the fund's inception, the average annual return has been 19.79%.
Top 10 Holdings
32.36% of assets| Name | Symbol | Weight |
|---|---|---|
| MGP Ingredients Inc | MGPI.1.875 11.15.41 | 4.59% |
| Sea Ltd | SEALTD.0.25 09.15.26 | 3.91% |
| Shopify Inc | SHOPCN.0.125 11.01.25 | 3.86% |
| Bank of America Corp | BAC.7.25 PERP L | 3.65% |
| RingCentral Inc | n/a | 3.62% |
| Boeing Co/The | BA.6 10.15.27 | 3.52% |
| SoFi Technologies Inc | SOFI.0 10.15.26 | 2.49% |
| Welltower OP LLC | WELL.3.125 07.15.29 | 2.39% |
| Block Inc | XYZ.0 05.01.26 | 2.19% |
| Live Nation Entertainment Inc | n/a | 2.15% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 30, 2025 | $0.1309 | Dec 30, 2025 |
| Sep 23, 2025 | $0.0729 | Sep 23, 2025 |
| Jun 24, 2025 | $0.0618 | Jun 24, 2025 |
| Mar 27, 2025 | $0.0548 | Mar 27, 2025 |
| Dec 27, 2024 | $0.1362 | Dec 27, 2024 |
| Sep 25, 2024 | $0.071 | Sep 25, 2024 |