LMCCX | Mid Cap Stock Fund Class C | Lord Abbett
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Mid Cap Stock Fund

Summary

Summary

What is the Mid Cap Stock Fund?

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

Fund Basicsas of 01/29/2021

Total Net Assets
$1.30 B
Inception Date
05/01/1997
Dividend Frequency
Semi-Annually
Fund Expense Ratio
1.73%
Number of Holdings
80
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

1.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge -0.07% 4.96% 1.04% 6.79% 6.55% 8.13%
Lipper Category Avg. Mid-Cap Core Funds -0.20% 11.24% 5.92% 11.32% 9.40% -
Russell Midcap® Value Index -0.23% 6.80% 4.49% 10.94% 10.22% 9.93%
w/ sales charge -1.07% 4.96% 1.04% 6.79% 6.55% 8.13%

Fund Expense Ratio :

1.73%

Fund Expense Ratio :

1.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 1.94% 1.94% 1.80% 5.34% 6.82% 8.17%
Lipper Category Avg. Mid-Cap Core Funds 9.18% 9.18% 7.01% 9.83% 9.57% -
Russell Midcap® Value Index 4.96% 4.96% 5.37% 9.73% 10.49% 9.98%

Fund Expense Ratio :

1.73%

TEN LARGEST HOLDINGS as of 01/29/2021View Portfolio

Holding Assets
Discover Financial Services 2.0%
Ameriprise Financial Inc 1.9%
East West Bancorp Inc 1.9%
CIT Group Inc 1.8%
Euronet Worldwide Inc 1.7%
Hartford Financial Services Group Inc/The 1.7%
Lear Corp 1.7%
Masco Corp 1.7%
Waters Corp 1.7%
Teradyne Inc 1.6%

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 :

1.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge -0.07% 4.96% 1.04% 6.79% 6.55% 8.13%
Lipper Category Avg. Mid-Cap Core Funds -0.20% 11.24% 5.92% 11.32% 9.40% -
Russell Midcap® Value Index -0.23% 6.80% 4.49% 10.94% 10.22% 9.93%
w/ sales charge -1.07% 4.96% 1.04% 6.79% 6.55% 8.13%

Fund Expense Ratio :

1.73%

Fund Expense Ratio :

1.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 1.94% 1.94% 1.80% 5.34% 6.82% 8.17%
Lipper Category Avg. Mid-Cap Core Funds 9.18% 9.18% 7.01% 9.83% 9.57% -
Russell Midcap® Value Index 4.96% 4.96% 5.37% 9.73% 10.49% 9.98%

Fund Expense Ratio :

1.73%

Year Fund Returns Russell Midcap® Value Index
2020 1.94% 4.96%
2019 22.04% 27.06%
2018 -15.20% -12.29%
2017 6.25% 13.34%
2016 15.70% 20.00%
2015 -4.27% -4.78%
2014 10.90% 14.75%
2013 29.41% 33.46%
2012 13.79% 18.51%
2011 -4.59% -1.38%
2010 24.74% -
2009 25.99% -
2008 -39.90% -
2007 -0.12% -
2006 11.59% -
2005 7.41% -
2004 23.33% -
2003 24.21% -
2002 -10.36% -
2001 7.39% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - 8.52%
2020 -30.56% 19.97% -0.18% 22.60% 1.94%
2019 13.20% 1.27% 1.22% 5.18% 22.04%
2018 -1.94% 0.84% 3.90% -17.47% -15.20%
2017 2.36% 1.39% -0.08% 2.45% 6.25%
2016 1.69% 3.54% 4.04% 5.62% 15.70%
2015 3.32% -1.49% -8.46% 2.74% -4.27%
2014 2.99% 4.91% -3.45% 6.31% 10.90%
2013 12.02% 1.65% 4.60% 8.65% 29.41%
2012 11.31% -7.30% 5.38% 4.65% 13.79%
2011 7.88% -0.12% -22.48% 14.23% -4.59%
2010 7.17% -9.47% 12.29% 14.50% 24.74%
2009 -12.39% 14.25% 19.27% 5.53% 25.99%
2008 -13.47% -0.07% -11.66% -21.32% -39.90%
2007 4.84% 5.81% -3.95% -6.27% -0.12%
2006 3.51% -3.06% 2.24% 8.76% 11.59%
2005 -0.34% 2.11% 4.04% 1.46% 7.41%
2004 6.39% 2.46% 0.10% 13.03% 23.33%
2003 -7.94% 15.22% 4.36% 12.20% 24.21%
2002 5.55% -6.31% -14.81% 6.41% -10.36%
2001 -2.17% 5.17% -8.18% 13.66% 7.39%
2000 10.63% 6.65% 12.68% 14.63% 52.39%
1999 -6.45% 17.39% -7.73% 2.27% 3.62%
1998 8.18% -0.14% -17.43% 10.68% -1.28%
1997 - - 11.86% 1.90% 27.51%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 12/31/2020

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuations over a long term horizon. 
  • We initiated a position in shares of Harley Davidson, Inc., a motorcycle manufacturer. We believe the new management has shifted the strategy to refocus on the core customer and brand, which should result in improved growth and profitability through refocused product initiatives, lower expenses, and a higher margin product mix.
  • We also initiated a position in Fair Isaac Corp., a data analytics company. Fair Isaac is best known for its business that provides a “FICO score” to help lenders and other businesses make credit decisions. The company is currently investing to transition its software business to a cloud-based software-as-a-service model which is depressing margins. We view this pressure as transitory and obscuring both the highly attractive nature of the Scores business and the long-term growth and profitability potential of the software business.
  • We sold the Fund’s position in Xilinx Inc., a semiconductor manufacturing company, following its agreement to be acquired at a premium to Advanced Micro Devices.
  • We also sold the Fund’s position in Ares Capital Corp., a finance company, in favor of other investment opportunities consistent with our normalized free cash flow methodology.

PORTFOLIO DETAILS as of 01/29/2021

Total Net Assets
$1.30 B
Number of Holdings
80
Weighted Average Market Cap.
15.0 B
P/B Ratio
2.5x
P/E Ratio
23.2x

Contributors & Detractors as of  12/31/2020

Contributors

Holding Contribution
Discover Financial Services 1.0%
Euronet Worldwide Inc 0.9%
Lundin Mining Corp. 0.8%
CIT Group, Inc. 0.8%
Teradyne, Inc. 0.8%

Detractors

Holding Contribution
Exelixis Inc -0.1%
Harley-Davidson, Inc. -0.1%
Columbia Sportswear Co. -0.1%
Apollo Global Mgmt Inc -0.1%
Domino's Pizza Inc -0.1%

Attribution Analysis 

Mid Cap Stock Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 02/23/2021
$0
Dividend Frequency
Semi-Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2020 12/18/2020 12/18/2020 $0.11230 $26.55

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
07/28/2021 07/29/2021 07/29/2021
12/16/2021 12/17/2021 12/17/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2019 12/18/2019 $0.6596 - $0.6596 $26.26

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
07/28/2021 07/29/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 01/31/2021

1.73%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
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Commentary
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The Russell Midcap® Value Index measures the performance of those Russell Midcap companies with lower price-to-book ratios and lower forecasted growth values. The stocks are also members of the Russell 1000 Value index.

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