Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.
Lord Abbett Convertible R3 LCFRX
- NAV / 1-Day Return 12.99 / +0.23 %
- Total Assets 590.5 Mil
-
Adj. Expense Ratio
- Expense Ratio 1.400%
- Distribution Fee Level High
- Share Class Type Retirement, Medium
- Category Convertibles
- Investment Style Small Growth
- Min. Initial Investment —
- Status Open
- TTM Yield 1.40%
- Turnover 124%
USD | NAV as of May 09, 2024 | 1-Day Return as of May 09, 2024, 10:15 PM GMT+0
Morningstar’s Analysis LCFRX
Will LCFRX 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 34.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
Okta Inc. 0.13% | 4.58 | 26.4 Mil | Corporate |
NuVasive Inc. 0.38% | 3.94 | 22.8 Mil | Corporate |
Euronet Worldwide, Inc. 0.75% | 3.83 | 22.1 Mil | Corporate |
Bank of America Corp 7 1/4 % Non-Cum Perp Conv Pfd Shs Series -L- | 3.72 | 21.5 Mil | Financial Services |
BILL Holdings Inc 0% | 3.67 | 21.2 Mil | Corporate |
Biomarin Pharmaceutical Inc. 0.6% | 3.53 | 20.4 Mil | Corporate |
Uber Technologies Inc 0% | 3.14 | 18.2 Mil | Corporate |
IAC Financeco 2 Inc / IAC Financeco 3 Inc 0.88% | 3.06 | 17.7 Mil | Corporate |
Shopify Inc 0.13% | 2.72 | 15.7 Mil | Corporate |
Live Nation Entertainment, Inc. 2% | 2.61 | 15.1 Mil | Corporate |