Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-highest quintile among peers.
Lord Abbett Convertible R2 LBCQX
- NAV / 1-Day Return 13.59 / +0.59 %
- Total Assets 581.4 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.500%
- Distribution Fee Level Low
- Share Class Type Retirement, Small
- Category Convertibles
- Investment Style —
- Min. Initial Investment —
- Status Open
- TTM Yield 1.22%
- Turnover 124%
USD | NAV as of Jul 26, 2024 | 1-Day Return as of Jul 26, 2024, 10:12 PM GMT+0
Morningstar’s Analysis LBCQX
Will LBCQX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 36.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Okta Inc. 0.13% | 4.46 | 25.9 Mil | Corporate |
NuVasive Inc. 0.38% | 3.93 | 22.8 Mil | Corporate |
Euronet Worldwide, Inc. 0.75% | 3.80 | 22.1 Mil | Corporate |
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | 3.69 | 21.4 Mil | Financial Services |
IAC Financeco 2 Inc / IAC Financeco 3 Inc 0.88% | 3.64 | 21.1 Mil | Corporate |
BILL Holdings Inc 0% | 3.62 | 21.0 Mil | Corporate |
Ringcentral Inc 0% | 3.59 | 20.9 Mil | Corporate |
Biomarin Pharmaceutical Inc. 0.6% | 3.54 | 20.6 Mil | Corporate |
Shopify Inc 0.13% | 3.45 | 20.0 Mil | Corporate |
Uber Technologies Inc 0% | 2.84 | 16.5 Mil | Corporate |