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International Core Equity Fund (LICAX) - Class A

Fund Finder

What is the International Core Equity Fund?

Goal & Strategy

The goal of this Fund is long-term growth of capital through investing in stocks of international companies. This Fund seeks to identify attractively priced, growing international companies that are exhibiting positive fundamentals.

Fund Basics

 
Ticker LICAX
CUSIP 543915649
Fund Number 1418
Inception Date 12/31/2003
YTD Returns at NAV (as of 06/18/2013) 7.23%
Dividend Frequency Annually
Expense Ratio (as of 05/31/2013)
Gross 1.47%
Net 1.12%
Lipper Category Avg. 1.25%
Total Net Assets (as of 05/31/2013) $750.11 M
Number of Holdings (as of 05/31/2013) 80
Minimum Initial Investment $1,500 +
Maximum Offering Price (MOP) - Returns with sales charges reflect a maximum sales charge of 5.75%, except for Lord Abbett Emerging Markets Currency Fund 2.25%.
Price(as of 06/18/2013)
  Price ($) Change ($) Change (%)
NAV 12.61 0.09 0.72
MOP 13.38 0.10 0.75
52-Week High & Low at NAV ($)
High (05/20/2013) 13.18
Low (06/25/2012) 10.25

How has the Fund Performed?

Average Annual Returns

(as of 05/31/2013)
  YTD (%) 1-YR (%) 3-YR (%) 5-YR (%) 10-YR (%) Since
Inception (%)
NAV
Lipper Category Avg. 5.81 28.20 10.22 -1.93    -    -
Index 7.94 31.62 11.00 -1.60    - 5.90
MOP 0.32 18.11 7.49 -3.08    - 4.73
Expense Ratio Gross1.47% Net1.12%
  YTD (%) 1-YR (%) 3-YR (%) 5-YR (%) 10-YR (%) Since
Inception (%)
NAV 3.91 7.17 3.66 -1.12    - 5.21
Lipper Category Avg. 3.68 9.69 4.62 -0.93    -    -
Index 5.13 11.25 5.00 -0.89    - 5.70
MOP -2.08 1.02 1.62 -2.28    - 4.54
Expense Ratio Gross1.47% Net1.12%
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Why This Fund?

Role in Portfolio

A core holding that provides investors with exposure to international companies we believe are poised for appreciation.

Key Advantages

Flexibility
Provides investors with broad diversification across international companies and select exposure to emerging markets

The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy.

How is the Fund Currently Positioned?

(as of 03/29/2013)
  • During the first quarter of 2013, we reduced our exposure to the materials and financials sectors on the assumption that global economic growth would be challenged in the near term; we are currently underweight these sectors, compared to the benchmark, the MSCI EAFE index. We also reduced our telecommunication services holdings as price targets were met.
  • We increased our overweight positions in the information technology and consumer discretionary sectors, primarily in Japanese companies benefiting from the weakening yen. While we increased our exposure to the health care sector, we still maintain a significant underweight position. Our industrials positioning has shifted from a roughly equal weighting to a slight overweight relative to the index.
  • Geographically, we significantly increased our exposure to Japan because efforts to reflate that economy have significantly improved prospects there. We are now overweight the region relative to the index. Holdings in the Asia/Pacific and the United Kingdom were reduced, but we are still overweight relative to the index in Asia/Pacific. Our largest overweight position is currently in the Americas.
  • At quarter-end, emerging markets represented approximately 15% of the portfolio.
The Fund's portfolio is actively managed and may change significantly over time.

RELATED CONTENT

How is the Fund Managed?
Team Leaders
Harold E. Sharon
Partner
Years Experience:  31
Vincent J. McBride
Partner
Years Experience:  27
Supported By
12 Investment Professionals
17 Years Avg. Industry Experience
Years experience refers to industry experience.