Lord Abbett Convertible Fund (LACFX)
Lord Abbett Convertible Fund operates in the Asset Management industry of the Financial Services sector, headquartered in Jersey City, NJ, US. The stock last traded at $19.55, up 1.61% on the session, giving a market capitalisation of $725.5M. Its beta of 1.04 implies it has historically moved more than the broad market.
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 most often compared with the following Financial Services names: