3 / 5 Stars
2 2 2 3 2
Zacks Investment Research
Standard & Poor's
U.S. News evaluated 17 Convertibles Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 22.07 percent over the past year, 8.20 percent over the past three years, 14.82 percent over the past five years, and 5.95 percent over the past decade.
|Trailing Returns||Updated 01.31.2014|
|Year to date||0.9%|
|3 Years (Annualized)||8.2%|
|5 Years (Annualized)||14.8%|
|10 Years (Annualized)||5.9%|
The investment seeks current income and the opportunity for capital appreciation to produce a high total return. Under normal market conditions, the fund pursues its investment objective by investing at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in convertible securities. Convertible securities may include corporate bonds, debentures, notes, preferred stocks, and any securities that can be exchanged for common stock or provide an opportunity for equity participation. It intends to maintain its average weighted maturity at between five and twenty years.
Fees are High compared to funds in the same category.
Lord Abbett Convertible Fund has an expense ratio of 1.07 percent.
Risk is Average compared to funds in the same category according to Morningstar.