- Issuer
- Lord Abbett
- Inception Date
- Jun 30, 2003
- Category
- Convertible Bonds
- Index Tracked
- ICE BofA All Convertible Index
- Distribution Policy
- Distributing
- Asset Class
- Multi-Asset
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
LOCFX Performance Chart
Lord Abbett Convertible Fund Class F3 (LOCFX) is up 21.4% since the beginning of the year. LOCFX is currently trading at $21 per share. Investors who bought $1,000 worth of LOCFX shares 5 years ago would now be looking at an investment worth $1,416.
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Returns By Period
Lord Abbett Convertible Fund Class F3 (LOCFX) has returned 21.35% so far this year and 38.43% over the past 12 months.
Lord Abbett Convertible Fund Class F3
- 1D
- 1.11%
- 1M
- 2.36%
- YTD
- 21.35%
- 6M
- 19.28%
- 1Y
- 38.43%
- 3Y*
- 20.53%
- 5Y*
- 7.21%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
LOCFX Monthly Returns History
Based on dividend-adjusted daily data since Apr 4, 2017, LOCFX's average daily return is +0.05%, while the average monthly return is +1.08%. At this rate, an investment would double in approximately 5.4 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +13.0%, while the worst month was Mar 2020 at -11.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 4 months.
On a daily basis, LOCFX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +4.3%, while the worst single day was Mar 16, 2020 at -6.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.88% | 1.59% | -3.30% | 9.79% | 5.81% | 0.43% | 21.35% | ||||||
| 2025 | 3.98% | -2.08% | -3.13% | 1.92% | 3.84% | 5.73% | 1.72% | 1.94% | 3.71% | 5.36% | -1.64% | -0.46% | 22.43% |
| 2024 | 0.39% | 1.63% | 2.66% | -2.38% | 2.06% | 0.77% | 0.60% | 1.48% | 2.20% | 0.00% | 7.91% | -3.70% | 14.00% |
| 2023 | 3.59% | -1.50% | 0.10% | -1.53% | 0.16% | 3.45% | 0.79% | -2.60% | -0.97% | -4.75% | 6.10% | 4.79% | 7.30% |
| 2022 | -8.26% | -0.67% | 1.43% | -8.57% | -3.56% | -4.85% | 5.64% | 0.68% | -6.28% | 1.28% | 1.34% | -3.10% | -23.12% |
| 2021 | 3.13% | 3.49% | -4.86% | 1.65% | -2.48% | 0.67% | -0.31% | 1.71% | -1.20% | 3.36% | -2.75% | -0.62% | 1.40% |
Benchmark Metrics
Lord Abbett Convertible Fund Class F3 has an annualized alpha of 4.99%, beta of 0.56, and R2 of 0.56 versus S&P 500 Index. Calculated based on daily prices since April 04, 2017.
- This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (70.06%) than losses (64.24%) - typical of diversified or defensive assets.
- This fund generated an annualized alpha of 4.99% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- Beta of 0.56 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- 4.99%
- Beta
- 0.56
- R²
- 0.56
- Upside Capture
- 70.06%
- Downside Capture
- 64.24%
Expense Ratio
LOCFX has an expense ratio of 0.82%, placing it in the medium range.
Return for Risk
Risk / Return Rank
LOCFX ranks 83 for risk / return — in the top 83% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lord Abbett Convertible Fund Class F3 (LOCFX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| LOCFX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.37 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.54 | 2.78 | +2.76 |
| Martin ratioReturn relative to average drawdown | 19.30 | 12.44 | +6.86 |
Dividends
Dividend History
Lord Abbett Convertible Fund Class F3 provided a 1.27% dividend yield over the last twelve months, with an annual payout of $0.27 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.32 | $0.33 | $0.26 | $0.33 | $3.00 | $3.10 | $1.19 | $0.59 | $0.27 |
Dividend yield | 1.27% | 1.86% | 2.29% | 2.06% | 2.72% | 18.36% | 16.20% | 8.75% | 5.02% | 2.08% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Convertible Fund Class F3. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.13 | $0.32 |
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.33 |
| 2023 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.08 | $0.26 |
| 2022 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.17 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $2.90 | $3.00 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Convertible Fund Class F3. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lord Abbett Convertible Fund Class F3 was 33.29%, occurring on Oct 30, 2023. Recovery took 472 trading sessions.
The current Lord Abbett Convertible Fund Class F3 drawdown is 0.90%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2023 bear market2023 | -33.29%Oct 2023 | 2y 8mo | 1y 10mo | 4y 7moFeb 2021 - Sep 2025 |
COVID crash2020 | -24.64%Mar 2020 | 27d | 2mo 17d | 3mo 14dFeb 2020 - Jun 2020 |
Rate-hike selloffLate 2018 | -17.40%Dec 2018 | 2mo 26d | 5mo 25d | 8mo 21dOct 2018 - Jun 2019 |
2020 pullback2020 | -8.03%Sep 2020 | 6d | 29d | 1mo 5dSep 2020 - Oct 2020 |
2018 pullback2018 | -7.79%Feb 2018 | 11d | 3mo 25d | 4mo 6dJan 2018 - Jun 2018 |
Drawdown Indicators
| LOCFX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.29% | -56.78% | +23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -7.02% | -9.10% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -12.09% | -18.90% | +6.81% |
Max Drawdown (5Y)Largest decline over 5 years | -30.60% | -25.43% | -5.17% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.90% | -1.80% | +0.90% |
Average DrawdownAverage peak-to-trough decline | -11.16% | -10.71% | -0.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 2.03% | -0.02% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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