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Lord Abbett Convertible R2 (LBCQX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett Convertible R2 (LBCQX) Fund

    Last Trade: $ on , Change: (0%)

 

Graph of Lord Abbett Convertible R2 Fund (LBCQX) ManagerFund Manager - Robert A. Lee

Fund Manager Information

Fund Manager Tenure: 5.9 years
Similar Funds: LBCFX 
Fund Family: Lord Abbett
Fund Category: Convertibles
Fund Performance: May 30, 2016
Fundmojo Fund Grade: D (Score: 0.46)     (What does this score mean?)

 

Graph of Lord Abbett Convertible R2 Fund (LBCQX) ProfileLord Abbett Convertible R2 Fund (LBCQX) Profile

Fund Profile and Description

Lord Abbett Convertible R2 Fund seeks current income and capital appreciation to produce a high total return. Lord Abbett Convertible R2 Fund invests at least 80% of net assets in convertible securities which include corporate bonds, debentures, notes, preferred stocks and other securities that can be exchanged for common stock or other securities that provide an opportunity for equity participation. It also invests 25% of net assets in investment grade convertible securities, up to 20% in non-convertible debt or equity securities and limited to 20% in foreign securities and lower-rated (high yield) convertible securities.

 

Lord Abbett Convertible R2 (LBCQX) Fund Strength What we like about Lord Abbett Convertible R2 (LBCQX) Fund

Data for Lord Abbett Convertible R2 Fund (LBCQX) as of May 30, 2016

  • Lord Abbett Convertible R2 Fund (LBCQX) management has been with Lord Abbett Convertible R2 Fund for 5.9 years

Lord Abbett Convertible R2 Fund (LBCQX) Weakness What we are cautious about Lord Abbett Convertible R2 (LBCQX) Fund

Data for Lord Abbett Convertible R2 Fund (LBCQX) as of May 30, 2016

  • Lord Abbett Convertible R2 Fund (LBCQX) has a less-than-ideal short-term performance (1-year return -12.14% vs -8.61% Convertibles category median performance)
  • Lord Abbett Convertible R2 Fund (LBCQX) has a less-than-ideal mid-term performance (3-year return 3.18% vs 3.66% Convertibles category median performance)
  • Lord Abbett Convertible R2 Fund (LBCQX) has a less-than-ideal Long-term performance (5-year return 3.23% vs 4.30% Convertibles category median performance)
  • Lord Abbett Convertible R2 Fund (LBCQX) ratio of up-years vs down years can be improved
  • Lord Abbett Convertible R2 Fund (LBCQX) has a Morningstar rating of 3 and below
  • Lord Abbett Convertible R2 Fund (LBCQX) is less safe compared to its Convertibles peers
  • Lord Abbett Convertible R2 Fund (LBCQX) has an annual stock turnover rate of 223.11% that is higher than the Convertibles average of 84.12%. This could mean Lord Abbett Convertible R2 is more nimble, but also signal potential high tax impact and high trading fees
  • Lord Abbett Convertible R2 Fund (LBCQX) does not have a good risk adjusted return as its 3-year Alpha of -2.48 is worse than category average of -0.5, and its 3-year Sharpe ratio is 0.36
  • Lord Abbett Convertible R2 Fund (LBCQX) is more volatile than its peers as it has a 3-year Standard Deviation of 9.9 that is higher than category average of 9.16
  • Lord Abbett Convertible R2 Fund (LBCQX) has a higher expense ratio of 1.46% than its Convertibles average of 1.32%
  • Even though Lord Abbett Convertible R2 Fund carries no load, it does have a 0.60% of 12b1 promotion, distributions, marketing expenses
See Lord Abbett Convertible R2 Fund (LBCQX) performance details as of May 30, 2016

 

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Compare Lord Abbett Convertible R2 Fund (LBCQX)Compare with other top Convertibles category mutual funds

Aadditional top Convertibles mutual funds for your consideration

FundYear to Date1 Year3 year5 year
Lord Abbett Convertible R20.99-12.143.183.23
AllianzGI Convertible D (ANZDX)-0.27-0.6211.129.00Compare
Franklin Convertible Securities Adv (FCSZX)3.48-0.566.656.17Compare
MainStay Convertible A (MCOAX)2.43-4.116.935.71Compare

See top fund managers for Convertibles Category Funds

 

Graph of Lord Abbett Convertible R2 Fund (LBCQX) Net Asset TrackingLord Abbett Convertible R2 (LBCQX) Fund Net Asset

Track net asset change of Lord Abbett Convertible R2 fund (LBCQX)

DateNet Asset
05/2016$580.97M
03/2016$601.79M
02/2016$584.57M
More historic net asset information on Lord Abbett Convertible R2 Fund (LBCQX)

  

Graph of Lord Abbett Convertible R2 Fund (LBCQX) Portfolio TrackingLord Abbett Convertible R2 (LBCQX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett Convertible R2 fund (LBCQX)

DateCashStockBondOther
03/20162.7%20.14%3.35%0%
12/20151.14%22.94%2.18%0%
09/20152.89%17.87%3.14%0.95%
Click here to see more historic asset allocation information on Lord Abbett Convertible R2 Fund (LBCQX)

 

graph of Lord Abbett Convertible R2 Fund (LBCQX) Top 10 Position TrackingTop 10 Holdings in Lord Abbett Convertible R2 (LBCQX) Fund

Discover what Lord Abbett Convertible R2 Fund (LBCQX) manager is buying

Mar 30, 2016
Wells Fargo & Co, San Francisco Ca Pfd [4.29%]
Intel Cv 2.95% [3.75%]
Allergan plc Ordinary Shares [3.54%]
Yahoo Cv [3.14%]
Teva Pharmaceutical Industries Ltd. [2.94%]
Tesla Mtrs Cv 0.25% [2.22%]
Gnc Hldgs 144A Cv 1.5% [1.91%]
Centerpoint Engy Pfd [1.85%]
Verisign Cv 3.25% [1.83%]
Gold Exchangeable Cv 5.875% [1.73%]

Dec 30, 2015
Intel Cv 2.95% [4.43%]
Yahoo Cv [3.92%]
Wells Fargo & Co, San Francisco Ca Pfd [2.86%]
Teva Pharmaceutical Industries Ltd. [2.86%]
Allergan plc Ordinary Shares [2.71%]
Priceline Grp Cv 1% [2.36%]
Amer Tower Corp New Cv [2.25%]
Verisign Cv 3.25% [2.14%]
Mgic Invt Corp Wis 144A Cv 9% [2.12%]
Nvidia Cv 1% [1.96%]

Sep 29, 2015
Newmont Mng Cv 1.625% [3.83%]
Yahoo Cv [3.71%]
Allergan plc Ordinary Shares [3.38%]
Wells Fargo & Co, San Francisco Ca Pfd [3.23%]
Intel Cv 3.25% [2.89%]
Mgic Invt Corp Wis 144A Cv 9% [2.71%]
Tesla Mtrs Cv 1.25% [2.53%]
Toll Bros Fin 0.5% [2.47%]
Amer Tower Corp New Pfd [1.98%]
Twitter 144A Cv 0.25% [1.87%]
Click here for Stock Holding Change Map in Lord Abbett Convertible R2 Fund (LBCQX)

  

Latest News on Lord Abbett Convertible R2 (LBCQX) Fund

See what is happening with Lord Abbett Convertible R2 Fund (LBCQX)

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Lord Abbett Convertible R2 Fund (LBCQX) Related ResourcesSee more information on Lord Abbett Convertible R2 (LBCQX) Fund

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