Lord Abbett Convertible Fund (LACFX) Stock
The fund generally commits a significant portion—at least 80% of its net assets, supplemented by any funds borrowed for investment purposes—to a widely diversified collection of convertible securities. These investments are sourced from both domestic (U.S.) and international companies.
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About Lord Abbett Convertible Fund
The fund generally commits a significant portion—at least 80% of its net assets, supplemented by any funds borrowed for investment purposes—to a widely diversified collection of convertible securities. These investments are sourced from both domestic (U.S.) and international companies. Specifically, convertible securities are financial instruments like corporate bonds, debentures, notes, and preferred stocks, along with any other securities that can either be converted into common stock or offer the chance for equity ownership.
Lord Abbett Convertible Fund is headquartered in US.
Lord Abbett Convertible Fund (LACFX) stock trades at $19.30 with a market capitalization of $716.24M. Over the past 52 weeks the stock has ranged between $15.66 and $20.70, and currently trades 6.8% below its 52-week high. It pays a dividend yielding 1.14%.
Official website: www.lordabbett.com/en-us/financial-advisor/investments-and-performance/mutual-funds/convertible-fund.class-a.html