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Mutual Fund Insights: Lord Abbett Convertible P Fund (LCFPX)

In-depth Analysis of Lord Abbett Convertible P Fund (LCFPX)

Mutual fund chart: Lord Abbett Convertible P Fund (LCFPX)

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See Lord Abbett Convertible P Fund (LCFPX) performance details as of January 31, 2010

  

    Last Trade: $10.99 on 3/18/2010, Change: -0.06 (-0.54%)

  

Fund Manager - Christopher J. Towle

Fund Manager Tenure: 6.7 years   [Similar Funds: LCFRX  LCFYX ]
Fundmojo Fund Grade: C (Score: 0.56)     (What does this score mean?)
Mr. Towle joined Lord Abbett in 1987. He came to the firm from the American International Group where he held the position of Assistant Vice President and Portfolio Manager. Prior to that he worked as an Investment Officer and Analyst for Savings Bank Trust Company and a Senior Securities Trader for the Union Trust Company. Mr. Towle received his BA in economics from Rutgers University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1980.  Get more insights on Christopher J. Towle

  

What we like about Lord Abbett Convertible P Fund (LCFPX) What we like about Lord Abbett Convertible P Fund (LCFPX)

Data for Lord Abbett Convertible P Fund (LCFPX) as of January 31, 2010

  • Lord Abbett Convertible P Fund (LCFPX) management has been with Lord Abbett Convertible P Fund for 6.7 years
  • Lord Abbett Convertible P Fund (LCFPX) has good mid-term performance (3-year return -1.02% vs -1.21% Convertibles category average)
  • Lord Abbett Convertible P Fund (LCFPX) ratio of up-years vs down years is greater than 2
  • Lord Abbett Convertible P Fund (LCFPX) is less volatile than its peers as it has a 3-year Standard Deviation of 15.93, lower than category average of 17.71
  • Lord Abbett Convertible P Fund (LCFPX) has a lower management fee than its Convertibles average: 1.33% vs 1.44%

  

What we are cautious about Lord Abbett Convertible P Fund (LCFPX) What we are cautious about Lord Abbett Convertible P Fund (LCFPX)

Data for Lord Abbett Convertible P Fund (LCFPX) as of January 31, 2010

  • Lord Abbett Convertible P Fund (LCFPX) has a less-than-ideal short-term performance (1-year return 29.84% vs 36.35% Convertibles category average)
  • Lord Abbett Convertible P Fund (LCFPX) has a less-than-ideal Long-term performance (5-year return 2.23% vs 2.58% Convertibles category average)
  • Lord Abbett Convertible P Fund (LCFPX) has a Morningstar rating of 3 and below
  • Lord Abbett Convertible P Fund (LCFPX) is less safe compared to its Convertibles peers
  • Lord Abbett Convertible P Fund (LCFPX) does not have a good risk adjusted return as its 3-year Alpha of -0.98 is worse than category average of -0.78, and its 3-year Sharpe ratio is -0.11
  • Even though Lord Abbett Convertible P Fund carries no load, it does have a 0.45% of 12b1 promotion, distributions, marketing expenses
See Lord Abbett Convertible P Fund (LCFPX) performance details as of January 31, 2010

  

  

Interested in other top mutual funds in similar Convertibles category?

Below are some additional Convertibles mutual funds generated out of our database

  

Lord Abbett Convertible P Fund (LCFPX) Net Asset

Track net asset change of Lord Abbett Convertible P fund (LCFPX)

DateNet Asset
01/2010$90.00K
11/2009$80.00K
10/2009$80.00K
More historic net asset information on Lord Abbett Convertible P Fund (LCFPX)

  

Lord Abbett Convertible P Fund (LCFPX) Portfolio Allocation

Track portfolio allocation change of Lord Abbett Convertible P fund (LCFPX)

DateCashStockBondOther
09/20091.48%5.64%10.7%82.17%
06/20094.19%3.81%5.16%86.84%
05/20095.52%4.26%38.87%0%
Click here to see more historic asset allocation information on Lord Abbett Convertible P Fund (LCFPX)

  

Most Recent Top 10 Holdings in Lord Abbett Convertible P Fund (LCFPX)

Discover what Lord Abbett Convertible P Fund (LCFPX) manager is buying

30-Sep-09
Sealed Air Corp New 144A Cv 3% [2.47%]
Integra Lifesciences Hldgs 144A 2.75% [2.02%]
Prologis Cv 2.25% [1.98%]
Transocean Sedco Forex Cv 1.625% [1.95%]
ON SEMICONDUCTOR [1.85%]
Nii Hldgs Cv 3.125% [1.84%]
Omnicom Grp Cv [1.72%]
Schering Plough Cv [1.66%]
Aes Tr Iii Cv [1.66%]
A D C Telecom Cv FRN [1.65%]

30-Jun-09
Sealed Air Corp New 144A Cv 3% [2.47%]
Integra Lifesciences Hldgs 144A 2.75% [2.02%]
Prologis Cv 2.25% [1.98%]
Transocean Sedco Forex Cv 1.625% [1.95%]
ON SEMICONDUCTOR [1.85%]
Nii Hldgs Cv 3.125% [1.84%]
Omnicom Grp Cv [1.72%]
Schering Plough Cv [1.66%]
Aes Tr Iii Cv [1.66%]
A D C Telecom Cv FRN [1.65%]

31-May-09
Nextel Comms Cv 5.25% [3.26%]
Sealed Air Corp New 144A Cv 3% [2.4%]
Integra Lifesciences Hldgs 144A 2.75% [1.99%]
Transocean Sedco Forex Cv 1.625% [1.97%]
Prologis Cv 2.25% [1.94%]
Nii Hldgs Cv 3.125% [1.8%]
Yingli Green Engy Hldg Cv [1.75%]
Omnicom Grp Cv [1.71%]
Regal Entmt Grp 144A Cv 6.25% [1.64%]
A D C Telecom Cv FRN [1.64%]
Click here for Stock Holding Change Map in Lord Abbett Convertible P Fund (LCFPX)

  

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