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International Opportunities Fund (LAIEX) - Class A

Fund Finder

What is the International Opportunities Fund?

Goal & Strategy

The goal of this Fund is long-term growth of capital through investing in stocks of small and mid-sized international companies. This Fund seeks to invest in growing international companies that have been identified through fundamental and global sector research.

Fund Basics

 
Ticker LAIEX
CUSIP 543915854
Fund Number 263
Inception Date 12/13/1996
YTD Returns at NAV (as of 05/23/2013) 12.53%
Dividend Frequency Annually
Expense Ratio (as of 04/30/2013) 1.52%
Lipper Category Avg. 1.65%
Total Net Assets (as of 04/30/2013) $338.60 M
Number of Holdings (as of 04/30/2013) 99
Minimum Initial Investment $1,500
Maximum Offering Price (MOP) - Returns with sales charges reflect a maximum sales charge of 5.75%, except for Lord Abbett Emerging Markets Currency Fund 2.25%.
Price(as of 05/23/2013)
  Price ($) Change ($) Change (%)
NAV 15.00 -0.30 -1.96
MOP 15.92 -0.31 -1.91
52-Week High & Low at NAV ($)
High (05/20/2013) 15.52
Low (06/04/2012) 11.05

How has the Fund Performed?

Average Annual Returns

(as of 04/30/2013)
  YTD (%) 1-YR (%) 3-YR (%) 5-YR (%) 10-YR (%) Since
Inception (%)
NAV
Lipper Category Avg. 10.39 16.80 10.76 2.69 13.37    -
Index 10.21 16.21 8.75 1.67 12.73    -
MOP 7.71 12.41 8.43 1.55 10.61 4.43
Expense Ratio 1.52%
  YTD (%) 1-YR (%) 3-YR (%) 5-YR (%) 10-YR (%) Since
Inception (%)
NAV 9.23 14.08 9.01 2.36 11.68 4.55
Lipper Category Avg. 6.93 13.38 9.97 2.75 14.05    -
Index 6.85 11.43 8.16 1.51 13.44    -
MOP 2.97 7.55 6.87 1.15 11.02 4.17
Expense Ratio 1.52%
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 supporting player that provides exposure to stocks of small and mid-sized international companies.

Key Advantages

Research
Provides investors with the potential to gain exposure to companies we believe have been overlooked and are poised for rapid growth.

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, we increased our exposure to the consumer discretionary and information technology sector, and we are overweight those sectors, compared to the benchmark, the S&P Developed Ex-U.S. SmallCap® Index. We also increased our positions in the health care sector, but remain underweight relative to the index.
  • We decreased our exposures in the energy and utilities sectors during the quarter, but remain overweight compared to the index. We still maintain an underweight position in the materials and financials sectors.
  • Geographically, we increased our exposure to Japan, and now hold a significant overweight in the region. A recent trip to Japan revealed evidence of an emerging recovery in the property market there, and we have positioned the portfolio accordingly. Likewise, we have several positions in companies positioned to benefit from the ongoing recovery in the U.S. housing market. We increased our weighting in Europe ex-U.K., but the region continues to be our largest underweight position relative to the index. We decreased holdings in Asia/Pacific and the Americas, and are underweight these regions relative to the index.
  • At quarter-end, emerging markets represented approximately 14% 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
Todd D. Jacobson, CFA

Years Experience:  26
A. Edward Allinson, CFA

Years Experience:  29
Supported By
12 Investment Professionals
17 Years Avg. Industry Experience
Years experience refers to industry experience.