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Lord Abbett Convertible I (LCFYX) Fund Ranking and Research

Ranking, Research and Recommendation of Lord Abbett Convertible I (LCFYX) Fund

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

 

Graph of Lord Abbett Convertible I Fund (LCFYX) ManagerFund Manager - Robert A. Lee

Fund Manager Information

Fund Manager Tenure: 5.9 years
Similar Funds: LCFPX  LCFRX 
Fund Family: Lord Abbett
Fund Category: Convertibles
Fund Performance: May 30, 2016
Fundmojo Fund Grade: C (Score: 0.53)     (What does this score mean?)

 

Graph of Lord Abbett Convertible I Fund (LCFYX) ProfileLord Abbett Convertible I Fund (LCFYX) Profile

Fund Profile and Description

Lord Abbett Convertible I Fund seeks current income and capital appreciation to produce a high total return. Lord Abbett Convertible I 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 I (LCFYX) Fund Strength What we like about Lord Abbett Convertible I (LCFYX) Fund

Data for Lord Abbett Convertible I Fund (LCFYX) as of May 30, 2016

  • Lord Abbett Convertible I Fund (LCFYX) management has been with Lord Abbett Convertible I Fund for 5.9 years
  • Lord Abbett Convertible I Fund (LCFYX) has good mid-term performance (3-year return 3.81% vs 3.66% Convertibles category median performance)
  • Lord Abbett Convertible I Fund (LCFYX) ratio of up-years vs down years is greater than 2
  • Lord Abbett Convertible I Fund (LCFYX) has a lower expense ratio than its Convertibles average: 0.86% vs 1.32%
  • Lord Abbett Convertible I Fund (LCFYX) is a true no-load fund as it has no load and no 12b1 promotion, distributions, marketing expenses

Lord Abbett Convertible I Fund (LCFYX) Weakness What we are cautious about Lord Abbett Convertible I (LCFYX) Fund

Data for Lord Abbett Convertible I Fund (LCFYX) as of May 30, 2016

  • Lord Abbett Convertible I Fund (LCFYX) has a less-than-ideal short-term performance (1-year return -11.59% vs -8.61% Convertibles category median performance)
  • Lord Abbett Convertible I Fund (LCFYX) has a less-than-ideal Long-term performance (5-year return 3.85% vs 4.30% Convertibles category median performance)
  • Lord Abbett Convertible I Fund (LCFYX) has a Morningstar rating of 3 and below
  • Lord Abbett Convertible I Fund (LCFYX) is less safe compared to its Convertibles peers
  • Lord Abbett Convertible I Fund (LCFYX) 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 I is more nimble, but also signal potential high tax impact and high trading fees
  • Lord Abbett Convertible I Fund (LCFYX) does not have a good risk adjusted return as its 3-year Alpha of -1.87 is worse than category average of -0.5, and its 3-year Sharpe ratio is 0.42
  • Lord Abbett Convertible I Fund (LCFYX) 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
See Lord Abbett Convertible I Fund (LCFYX) performance details as of May 30, 2016

 

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Compare Lord Abbett Convertible I Fund (LCFYX)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 I1.23-11.593.813.85
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 I Fund (LCFYX) Net Asset TrackingLord Abbett Convertible I (LCFYX) Fund Net Asset

Track net asset change of Lord Abbett Convertible I fund (LCFYX)

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

  

Graph of Lord Abbett Convertible I Fund (LCFYX) Portfolio TrackingLord Abbett Convertible I (LCFYX) Fund Portfolio Allocation

Track portfolio allocation change of Lord Abbett Convertible I fund (LCFYX)

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 I Fund (LCFYX)

 

graph of Lord Abbett Convertible I Fund (LCFYX) Top 10 Position TrackingTop 10 Holdings in Lord Abbett Convertible I (LCFYX) Fund

Discover what Lord Abbett Convertible I Fund (LCFYX) 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 I Fund (LCFYX)

  

Latest News on Lord Abbett Convertible I (LCFYX) Fund

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Lord Abbett Convertible I Fund (LCFYX) Related ResourcesSee more information on Lord Abbett Convertible I (LCFYX) Fund

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