LIFLX� | Focused Large Cap Value Fund Class I | Lord Abbett
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Focused Large Cap Value Fund

Summary

Summary

What is the Focused Large Cap Value Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of large U.S. companies.

Fund Basicsas of 01/29/2021

Total Net Assets
$643.31 M
Inception Date
08/01/2019
Dividend Frequency
Annually
Fund Gross Expense Ratio
4.15%
Fund Net Expense Ratio
0.71%
Number of Holdings
36
Minimum Initial Investment
$1,000,000+

Fund Expense Ratio :

Gross 4.15%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -0.13% 9.99% - - - 6.70%
Lipper Category Avg. Large-Cap Value Funds -0.83% 5.97% - - - -
Russell 1000® Value Index -0.92% 4.09% - - - 6.52%

Fund Expense Ratio :

Gross 4.15%

Net 0.71%

Fund Expense Ratio :

Gross 4.15%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 4.93% 4.93% - - - 7.21%
Lipper Category Avg. Large-Cap Value Funds 4.13% 4.13% - - - -
Russell 1000® Value Index 2.80% 2.80% - - - 7.62%

Fund Expense Ratio :

Gross 4.15%

Net 0.71%

TEN LARGEST HOLDINGS as of 01/29/2021

Holding Assets
Spectrum Brands Holdings Inc 3.9%
CIT Group Inc 3.6%
NRG Energy Inc 3.6%
Ameriprise Financial Inc 3.5%
Invesco Ltd 3.5%
McAfee Corp 3.5%
Caesars Entertainment Inc 3.4%
Citigroup Inc 3.4%
Hartford Financial Services Group Inc/The 3.2%
JPMorgan Chase & Co 3.2%

INVESTMENT TEAM

Eli Rabinowich
Eli Rabinowich

Portfolio Manager

16 Years of Industry Experience

Jeff Diamond
Jeff Diamond, CFA

Portfolio Manager

33 Years of Industry Experience

John C. Hardy
John C. Hardy

Portfolio Manager

17 Years of Industry Experience

Supported By 32 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

Gross 4.15%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -0.13% 9.99% - - - 6.70%
Lipper Category Avg. Large-Cap Value Funds -0.83% 5.97% - - - -
Russell 1000® Value Index -0.92% 4.09% - - - 6.52%

Fund Expense Ratio :

Gross 4.15%

Net 0.71%

Fund Expense Ratio :

Gross 4.15%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 4.93% 4.93% - - - 7.21%
Lipper Category Avg. Large-Cap Value Funds 4.13% 4.13% - - - -
Russell 1000® Value Index 2.80% 2.80% - - - 7.62%

Fund Expense Ratio :

Gross 4.15%

Net 0.71%

Year Fund Returns Russell 1000® Value Index
2020 4.93% 2.80%
2019 5.19% 26.54%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - 8.36%
2020 -36.10% 29.04% 2.17% 24.55% 4.93%
2019 - - - 5.97% 5.19%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 12/31/2020

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuation over a long term horizon. .
  • We initiated a position in shares of CIT Group, Inc., a bank holding company. The company has agreed to be acquired by First Citizens BancShares (FCNCA) in a highly complementary, all-stock transaction that will result in CIT shareholders becoming shareholders of FCNCA. We believe the market greatly underappreciates the strategic benefits and attractive economics of the transaction.
  • We also initiated a position in McAfree Corp., a cybersecurity provider. We believe the company is well-positioned with a unique go-to-market strategy in a growing consumer market. Further we believe that the new management is executing on several initiatives that should generate higher growth and profitability over time.
  • We sold the Fund’s position in shares of Discover Financial Services, a banking company, following a period of strong outperformance, in favor of other investment opportunities consistent with our normalized free cash flow methodology.
  • We also sold the Fund’s position in shares of DuPont de Nemours, a chemicals company, following a period of strong outperformance, in favor of other investment opportunities consistent with our normalized free cash flow methodology. 

PORTFOLIO DETAILS as of 01/29/2021

Total Net Assets
$643.31 M
Number of Holdings
36
Weighted Average Market Cap.
66.5 B
P/B Ratio
2.1x
P/E Ratio
17.3x

Contributors & Detractors as of  12/31/2020

Contributors

Holding Contribution
Invesco Ltd 1.7%
Discover Financial Services 1.6%
Spectrum Brands Hldgs I 1.5%
Lear Corp. 1.3%
Citigroup, Inc. 1.2%

Detractors

Holding Contribution
Harley-Davidson, Inc. -0.2%
Wells Fargo & Co. -0.1%
Intel Corp. -0.1%
Lowe's Cos Inc -0.1%
Marathon Petroleum Corp. 0.0%

Attribution Analysis 

Focused Large Cap Value Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Fees & Expenses

Fees & Expenses

Expense Ratioas of 01/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
4.15% 0.71%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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