Alpha Strategy Fund

ALFAX

Track this Fund

Add to Hypo Tool

Daily price w/o sales charge as of 09/26/2016

$26.88

$0.16

YTD Returns w/o sales charge as of 09/26/2016

6.33%

Please click here for performance current to the most recent quarter-end and month-end.

Click here to view all legal text including risk information

Summary

What is the Alpha Strategy Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in Lord Abbett Funds that invest in stocks of smaller and mid-sized U.S. and international companies.

Fund Basicsas of 08/31/2016

Total Net Assets: $1.18 B
Inception Date: 03/18/1998
Dividend Frequency: Annually
Fund Gross Expense Ratio: 1.66%
Fund Net Expense Ratio: 1.38%
Number of Underlying Funds: 6
CUSIP: 543915763
Minimum Initial Investment: $1,500+

Expense ratio details, Click here.

The net expense ratio takes into account a contractual fee waiver agreement that currently is scheduled to remain in place through 02/28/2017, as well as an additional voluntary fee waiver that Lord Abbett may discontinue at any time. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such waivers, performance would have been lower.

PORTFOLIO BREAKDOWN as of 08/31/2016

U.S. Small Cap
U.S. Micro Cap
U.S. Mid Cap
Intl Equity
Emerging Mkt Equity

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 03/18/1998

w/o sales charge	5.78%	4.51%	7.77%	11.59%	8.02%	7.03%
Lipper Category Avg. Small-Cap Core Funds	9.70%	7.73%	7.75%	11.91%	6.87%	-
Blended Index	9.36%	8.27%	8.36%	12.07%	6.75%	-
w/ sales charge	-0.30%	-1.50%	5.67%	10.27%	7.38%	6.68%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 03/18/1998

w/o sales charge	-0.59%	-8.62%	6.94%	7.29%	7.19%	6.73%
Lipper Category Avg. Small-Cap Core Funds	3.08%	-5.49%	6.68%	7.78%	6.04%	-
Blended Index	1.79%	-6.25%	7.17%	7.80%	5.99%	-
w/ sales charge	-6.30%	-13.87%	4.85%	6.03%	6.55%	6.39%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Returns with sales charges reflect a maximum sales charge of 5.75%.

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.

HOLDINGS as of 08/31/2016View Portfolio

Holding	Assets
Physicians Realty Trust	1.1%
Retail Opportunity Investments Corp.	1.0%
Alere, Inc.	1.0%
First Merchants Corp.	1.0%
Rice Energy, Inc.	0.9%
HealthSouth Corp.	0.9%
AECOM	0.8%
Orbotech Ltd.	0.8%
Western Alliance Bancorp	0.8%
RenaissanceRe Holdings Ltd.	0.8%

The Fund invests principally in the underlying funds. The percentages shown are based on individual securities owned in one or more of the underlying funds. The Fund may also invest directly in derivatives. The Fund’s portfolio is actively managed and therefore, its percentage allocations may change from time to time. Holdings are for informational purposes only and are not a recommendation to buy, sell, or hold any security.

SECTOR ALLOCATION as of 08/31/2016 View Portfolio

Allocation	Assets
Information Technology
Financials
Industrials
Health Care
Consumer Discretionary
Materials
Utilities
Energy
Consumer Staples
Telecommunication Services
Unclassified

Investment Team

Giulio Martini

Director of Strategic Asset Allocation

31 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

25 Years of Industry Experience

Supported By 8 Investment Professionals and 25 Years Avg. Industry Experience

Contact a Representative

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

Performance

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 03/18/1998

w/o sales charge	5.78%	4.51%	7.77%	11.59%	8.02%	7.03%
Lipper Category Avg. Small-Cap Core Funds	9.70%	7.73%	7.75%	11.91%	6.87%	-
Blended Index	9.36%	8.27%	8.36%	12.07%	6.75%	-
w/ sales charge	-0.30%	-1.50%	5.67%	10.27%	7.38%	6.68%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 03/18/1998

w/o sales charge	-0.59%	-8.62%	6.94%	7.29%	7.19%	6.73%
Lipper Category Avg. Small-Cap Core Funds	3.08%	-5.49%	6.68%	7.78%	6.04%	-
Blended Index	1.79%	-6.25%	7.17%	7.80%	5.99%	-
w/ sales charge	-6.30%	-13.87%	4.85%	6.03%	6.55%	6.39%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Returns with sales charges reflect a maximum sales charge of 5.75%.

Best returns

Durations	Fund Returns	Blended Index

3-Mo	32.96	31.19
1-Yr	64.04	64.81

Worst returns

Durations	Fund Returns	Blended Index

3-Mo	-36.47	-36.46
1-Yr	-44.04	-39.87

Best & Worst returns reflect a cumulative return for the three-month and one-year periods.

Year	Fund Returns	Blended Index

2015	-1.06%	-2.85%
2014	2.90%	3.69%
2013	42.33%	36.91%
2012	12.56%	16.75%
2011	-6.32%	-5.75%
2010	26.87%	26.27%
2009	39.71%	29.90%
2008	-40.78%	-35.93%
2007	14.07%	-0.18%
2006	21.71%	19.99%
2005	17.20%	-
2004	16.82%	-
2003	41.77%	-
2002	-20.86%	-
2001	-11.54%	-
2000	-5.67%	-
1999	24.84%	-
1998	-7.08%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2016	-2.69%	2.15%	-	-	6.33%
2015	5.64%	1.89%	-10.04%	2.18%	-1.06%
2014	2.62%	1.21%	-6.75%	6.24%	2.90%
2013	12.73%	4.50%	11.23%	8.63%	42.33%
2012	13.05%	-7.07%	5.87%	1.20%	12.56%
2011	6.76%	0.08%	-22.34%	12.91%	-6.32%
2010	7.68%	-9.67%	13.35%	15.07%	26.87%
2009	-8.07%	25.22%	16.89%	3.83%	39.71%
2008	-13.04%	1.15%	-10.11%	-25.10%	-40.78%
2007	4.13%	8.74%	2.40%	-1.62%	14.07%
2006	14.29%	-3.24%	-0.79%	10.94%	21.71%
2005	-1.43%	2.90%	11.15%	3.95%	17.20%
2004	6.24%	2.06%	-3.73%	11.92%	16.82%
2003	-3.86%	19.18%	8.87%	13.65%	41.77%
2002	1.25%	-6.05%	-19.47%	3.30%	-20.86%
2001	-12.31%	7.48%	-18.57%	15.26%	-11.54%
2000	9.56%	-8.78%	1.25%	-6.78%	-5.67%
1999	-2.84%	13.76%	-4.45%	18.21%	24.84%
1998	-	-1.15%	-21.24%	17.97%	-7.08%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 08/31/2016

The chart begins on the Fund's inception date of 03/18/1998.

Based on a hypothetical Class A share investment of $10,000 on 03/18/1998 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

PORTFOLIO BREAKDOWN as of 08/31/2016

U.S. Small Cap
U.S. Micro Cap
U.S. Mid Cap
Intl Equity
Emerging Mkt Equity

Portfolio Positioningas of 06/30/2016

The Alpha Strategy Fund underperformed its benchmark, the 85% Russell 2000^®Index/15% S&P Developed Ex-U.S. SmallCap^® Index, during the second quarter of 2016. During the period, both the Fund’s strategic allocation and performance of underlying investment strategies detracted from relative performance.
The Fund’s weightings in both international and domestic small-cap growth stocks detracted from relative performance, as these categories underperformed the Fund’s benchmark.
The Fund’s allocation to domestic micro-cap growth stocks and small-cap value equities contributed to relative performance, as both strategies outperformed the Fund’s benchmark.
During the quarter, the Fund’s weightings in the consumer discretionary sector declined, while allocations to the health care sector increased. The information technology, financials, and industrials sectors are the largest weightings in the Fund.

Holding	Assets
Physicians Realty Trust	1.1%
Retail Opportunity Investments Corp.	1.0%
Alere, Inc.	1.0%
First Merchants Corp.	1.0%
Rice Energy, Inc.	0.9%
HealthSouth Corp.	0.9%
AECOM	0.8%
Orbotech Ltd.	0.8%
Western Alliance Bancorp	0.8%
RenaissanceRe Holdings Ltd.	0.8%

Holding	Assets
Developing Growth Fund	20.3%
Small Cap Value Fund	20.0%
Value Opportunities Fund	19.9%
International Opportunities Fund	19.5%
Micro Cap Growth Fund	10.2%
Micro Cap Value Fund	10.0%

SECTOR ALLOCATION as of 08/31/2016

Allocation	Assets
Information Technology
Financials
Industrials
Health Care
Consumer Discretionary
Materials
Utilities
Energy
Consumer Staples
Telecommunication Services
Unclassified

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 09/26/2016: $0
Dividend Frequency: Annually

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
12/21/2015	12/22/2015	12/22/2015	$0.18530	$25.20

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
12/20/2016	12/21/2016	12/21/2016

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/21/2015	12/22/2015	$3.8175	-	$3.8175	$25.20

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/20/2016	12/21/2016

Fees & Expenses

Sales Charge Schedule as of 09/26/2016

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $50,000	5.75%	5.00%	$28.52
$50,000 to $99,999	4.75%	4.00%	$28.22
$100,000 to $249,999	3.95%	3.25%	$27.99
$250,000 to $499,999	2.75%	2.25%	$27.64
$500,000 to $999,999	1.95%	1.75%	$27.41
$1,000,000 to $5,000,000	0.00%	1.00%	$26.88

The 12b-1 trail commission is 0.25% (accrues immediately) for all equity and multi-asset class funds.

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

Rights of Accumulation - A purchaser may combine the value of Class A, B, C, F, and P shares of any eligible fund currently owned with a new purchase of Class A shares of any eligible fund in order to reduce the sales charge on the new purchase. Class I, R2, and R3 share holdings may not be combined for these purposes.

To the extent that your financial intermediary is able to do so, the value of Class A, B, C, F, and P shares of eligible funds determined for the purpose of reducing the sales charge of a new purchase under the Rights of Accumulation will be calculated at the higher of: 1) the aggregate current maximum offering price of your existing Class A, B, C, F, and P shares of eligible funds or 2) the aggregate amount you invested in such shares (including dividend reinvestments but excluding capital appreciation) less any withdrawals. You should retain any information and account records necessary to substantiate the historical amounts you and any related purchasers have invested in eligible funds. You must inform a fund and/or your financial intermediary at the time of purchase if you believe your purchase qualifies for a reduced sales charge; you may be requested to provide documentation of your holdings in order to verify your eligibility. If you do not do so, you may not receive all sales charge reductions for which you are eligible.
Letter of Intention — In order to reduce your Class A front-end sales charge, a purchaser may combine purchases of Class A, B, C, F, and P shares of any eligible fund the purchaser intends to make over the next 13 months in determining the applicable sales charge. The 13-month Letter of Intention period commences on the day that the Letter of Intention is received by a fund, and the purchaser must tell a fund that later purchases are subject to the Letter of Intention. Purchases submitted prior to the date the Letter of Intention is received by a fund are not counted toward the sales charge reduction. Current holdings under Rights of Accumulation may be included in a Letter of Intention in order to reduce the sales charge for purchases during the 13-month period covered by the Letter of Intention. Shares purchased through reinvestment of dividends or distributions are not included. Class I, R2, and R3 share holdings may not be combined for these purposes. Class A shares valued at 5% of the amount of intended purchases are escrowed and may be redeemed to cover the additional sales charges payable if the intended purchases under the Letter of Intention is not completed. The Letter of Intention is neither a binding obligation on you to buy nor on a fund to sell any or all of an intended purchase amount.

Purchaser — A purchaser includes: 1) an individual; 2) an individual, his or her spouse, and children under the age of 21; 3) retirement and benefit plans, including a 401(k) plan, profit-sharing plan, money purchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, nonprofit organization, school district, or church to which employer contributions are made, as well as SIMPLE IRA plans and SEP-IRA plans; or 4) a trustee or other fiduciary purchasing shares for a single trust, estate, or single fiduciary account. An individual may include under item (1) his or her holdings in eligible funds as described above in IRAs, as a sole participant of a retirement and benefit plan sponsored by the individual's business, and as a participant in a 403(b) plan to which only pretax salary deferrals are made. An individual and his or her spouse may include under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit plans sponsored by a business owned by either or both of them. A retirement and benefit plan under item (3) includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries, and all qualified retirement and benefit plans of multiple employers registered in the name of a single bank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

purchases of $1 million or more (may be subject to a CDSC);
purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

Expense Ratioas of 08/31/2016

Fund Gross Expense Ratio	Fund Net Expense Ratio
1.66%	1.38%

Expense ratio details, Click here.

Fund Review

Market Reviewas of 06/30/2016

The U.S. equity market (as represented by the S&P 500^® Index¹) withstood a bout of volatility in the final weeks of the second quarter, to finish positive for the period. The U.S. Federal Reserve (Fed) held its benchmark interest rate unchanged for the second consecutive quarter, citing diminishing gains in employment as a concern. While the unemployment rate fell to 4.7% in May, the U.S. economy added just 38,000 jobs against an expected increase of 162,000. A mixed corporate earnings season contributed to investor uncertainty during the quarter. According to research from FactSet, 72% of companies in the S&P 500 Index reported first quarter earnings above their mean estimates, more than the five-year historical average of 67%, but just 53% of companies in the S&P 500 Index reported first quarter sales above their mean estimates, less than the five-year historical average of 56%. According to the third estimate from the Bureau of Economic Analysis, U.S. real gross domestic product (GDP) in the first quarter expanded by 1.1%,² an upward revision from previous estimates, with a rise in personal consumption expenditures and residential fixed investment among the primary contributors. The Fed noted that between April and May 2016, U.S. economic activity, as a whole, continued to expand in most districts around the country. The majority of districts reported increased consumer spending and positive developments in their nonfinancial services sectors. Manufacturing activity during the period was described as “mixed,” due in large part to further weakness in the energy sector.³

International equities (as represented by the MSCI EAFE Index⁴) also experienced an uneven second quarter. The key market event of the quarter was the United Kingdom’s vote, on June 23, to leave the European Union (“Brexit”). This decision rattled global financial markets, which had largely expected a “remain” vote, and sent the British pound to a 30-year low. Central banks across the globe continued on monetary-easing paths during the period. In June, for example, the European Central Bank formally began its corporate sector-purchase program, which targets euro-denominated investment-grade bonds in the eurozone, while the Bank of Japan continued to increase its monetary base by ¥80 trillion annually, and maintained its negative interest rate on excess reserves.

The S&P 500 Indexreturned 2.46% during the second quarter. Of the 10 major sectors, the energy, consumer staples, health care, materials, and utilities sectors outperformed the broader market. Value stocks⁵ outperformed growth stocks,⁶ while large-cap stocks⁷ lagged small-cap stocks.⁸

Fund Review
as of 06/30/2016

The Fund* modestly underperformed its benchmark, a blend of 85% Russell 2000^®Index⁸/15% S&P Developed Ex-U.S. SmallCap Index,⁹ for the quarter ended June 30, 2016.

The Fund seeks to outperform its benchmark over time by using two broad sources of performance variance. First, the Fund’s strategic allocation is designed to enhance return opportunities, while using diversification to control risk. Second, the Fund’s actively managed underlying strategies can increase return opportunities by outperforming relative to their respective indexes.

During the quarter, both the Fund’s strategic allocation and performance of underlying investment strategies detracted from relative performance.

The Fund’s weighting in domestic small-cap growth equities detracted from relative performance, as this category underperformed the Fund’s benchmark. The Fund’s allocation to domestic small-cap value stocks contributed to relative performance, as small-cap value equities outperformed the Fund’s benchmark.

Within the Fund’s domestic small-cap growth equity strategy, which underperformed its underlying benchmark, security selection in the information technology sector was the largest detractor from relative performance during the period. Within this sector, the Fund’s position in Cray, Inc., a service provider for the high-performance computing market, was among the largest detractors. Shares of Cray fell after a delay of a key component led investors to worry about the likelihood of Cray reaching its revenue guidance for fiscal year 2016. In addition, security selection in the materials sector also detracted from relative performance during the quarter. Within this sector, holdings of Scotts Miracle-Gro Co., a manufacturer of lawn and garden products, detracted most. Shares of Scotts faced some weather-related headwinds during the period, as unfavorable conditions in the Northeast and Texas led customer growth to just modestly expand.

Within the Fund’s domestic small-cap value strategy, which outperformed its underlying benchmark, security selection in the financials sector contributed most to relative performance during the period. Within this sector, the largest contributor was the Fund’s position in First Industrial Realty Trust, Inc., a real estate investment trust (REIT) focused on industrial real estate. First Industrial benefited during the period from a dampened interest-rate outlook, which increased demand for REITs in general due to their relatively attractive dividend yields. In addition, security selection in the energy sector also contributed to relative performance during the period. Within this sector, the holdings of Rice Energy, Inc., an independent natural gas and oil company, contributed most. General commodity price strength during the period benefited the energy sector as a whole, with shares of Rice Energy among the strongest performers due to the company’s favorable acreage and improving balance sheet.

Please refer to www.lordabbett.com under the “Portfolio” tab for a complete list of holdings of the Fund, including the securities discussed above.

Note: The Fund invests all of its net assets directly in the underlying funds. The percentages are based on individual securities owned in one or more of the underlying funds. The Fund’s portfolio is actively managed and, therefore, its holdings and the weightings of a particular issuer or a particular sector as a percentage of portfolio assets may change significantly over time. Sectors may include many industries. The mention of specific portfolio holdings is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

*Class A Share at net asset value (NAV). For the latest NAV, including maximum sales charges (MOP) performance information, visit us at lordabbett.com. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted.

If applicable, “Modestly” is defined as any under or outperformance within 100 basis points (bps) for equity funds and 50 basis points (bps) for fixed income funds as compared to the Fund's benchmark.

¹The S&P 500^® Index is widely regarded as the standard for measuring large cap U.S. stock market performance and includes a representative sample of leading companies in leading industries.

²“News Release: Gross Domestic Product,” Bureau of Economic Analysis, June 28, 2016.

³“Beige Book–June 2016,” Board of Governors of the Federal Reserve System, June 1, 2016.

⁴The MSCI EAFE Index (Europe, Australasia, Far East) is a free float‐adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the United States and Canada. The MSCI EAFE Index consists of the following 21 developed market country indexes: Australia, Austria, Belgium, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, the Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, and the United Kingdom.

⁵The Russell 3000^® Value Index measures the performance of those Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth values.

⁶The Russell 3000^® Growth Index measures the performance of those Russell 3000 Index companies with higher price-to-book ratios and higher forecasted growth values.

⁷The Russell 1000^® Index measures the performance of the 1,000 largest companies in the Russell 3000 Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index.

⁸The Russell 2000^® Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 10% of the total market capitalization of the Russell 3000 Index.

⁹The S&P Developed Ex-U.S. SmallCap Index captures the bottom 15% of companies domiciled in the developed markets excluding the United States within the S&P Global BMI with a float-adjusted market capitalization of at least US$100 million and a value traded of at least US$50 million for the past 12 months at the time of the annual reconstitution. Stocks are excluded if their market capitalization falls below US$75 million, or if the value traded is less than US$35 million at the time of reconstitution

The indexes are presented for informational purposes only and are not presented to illustrate any specific product or security. Unless otherwise specified, indexes reflect total return, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment. Past performance is not a reliable indicator or guarantee of future results.

A Note about Risk: The Fund invests primarily in U.S. and global small, mid-sized and micro-cap stocks, which tend to be more volatile and less liquid than large cap company stocks. The value of the underlying funds' investments and the net asset values of the shares of both the Fund and the underlying funds will fluctuate in response to various market and economic factors related to equity markets, as well as the financial condition and prospects of issuers in which the underlying funds invest. Investments in small, mid-sized and micro-cap company stocks typically involve greater risk, particularly in the short term, than those in larger, more established companies. Investments in either growth or value stocks may shift in and out of favor for long periods of time, depending on market and economic conditions. Investing internationally involves risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and the limited availability of information. These risks can be greater in the case of emerging country securities. The Fund is subject to the risks associated with derivatives, which may be different from and greater than the risks associated with investing directly in securities and other investments. These factors can affect Fund performance.

The views and information discussed in this commentary are as of June 30, 2016, are subject to change, and may not reflect the views of the firm as a whole. The views expressed in market commentaries are at a specific point in time and are opinions only and should not be relied upon as a forecast, or research or investment advice regarding a particular investment or the markets in general. Information discussed should not be considered a recommendation to purchase or sell securities.

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

	0Documents selected				Order
	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	Prospectus (XBRL) Publish Date:11/03/2015
	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

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

	Quantity Quantity	Remove Remove

Proceed to Checkout

(3 items)

View all forms & documents

Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

IMPORTANT INFORMATION

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The Blended Index consists of the following components: 85% Russell 2000® Index and 15% S&P Developed Ex-U.S. Small Cap Index. Index is unmanaged, does not reflect the deduction of fees or expenses; and is not available for direct investment.

The Russell 2000® Index measures the performance of the 2,000 smallest companies in the Russell 3000 Index, which represents approximately 10% of the total market capitalization of the Russell 3000 Index.

The S&P Developed Ex-U.S. SmallCap® Index captures the bottom 15% of companies domiciled in the developed markets excluding the United States within the S&P Global BMI with a float-adjusted market capitalization of at least US$100 million and a value traded of at least US$50 million for the past 12-months at the time of the annual reconstitution. Stocks are excluded if their market capitalization falls below USD 75 million, or if the value traded is less than USD 35 million at the time of reconstitution.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

The Fund has entered into a Servicing Arrangement with the Underlying Funds in which the Fund invests, pursuant to which each Underlying Fund will pay a portion of the Fund’s expenses (excluding management fees and distribution and service fees) in proportion to the average daily value of total Underlying Fund shares owned by the Fund.

Gross Expanse Ratio includes Management fees, Distribution and Service (12b-1) fees, Acquired Fund Fees and Expenses, and Other Expenses. Net Expense ratio excludes Other Expenses, which are borne by the underlying Funds.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

Featured Video

MUTUAL FUND FINDER

Founded in 1929, Lord Abbett has a singular focus of the management of money and a heritage of independence. These strengths have enabled us to forge a culture that is investment-led and investor-focused.

Career Opportunities

Error!

Error!

Error!

Tracked Funds

Quick Links

Pending Orders

LOG IN TO CONTINUE

LOG IN

QUICK LINKS

Financial Professional

Verify Your Email Address

I have not received my verification email.

I'm still having trouble

REGISTER AT LORDABBETT.COM

FORGOT YOUR LORDABBETT.COM PASSWORD?

Financial Professionals

Forgot Password

Thank you.

Financial Professional*

ACCESS OTHER ACCOUNTS

Individual Investors

ACCESS OTHER ACCOUNTS

No LinkedIn Match Found » Verify Your Email Address

We are checking our database and LinkedIn for your information. Thank you for your patience.

Cannot Connect to LinkedIn

A verification Email Has Been Sent

I have not received my verification email

I'm still having trouble

We're sorry. We found no record of the email address you provided.

Register For a LordAbbett.com Account Using Your Email Address.

Registered but Having Problems?

Terms & Condition

Reset Your Password

Financial Professionals*

Confirmation Message

Share

Summary

Summary

What is the Alpha Strategy Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in Lord Abbett Funds that invest in stocks of smaller and mid-sized U.S. and international companies.

Fund Basicsas of 08/31/2016

PORTFOLIO BREAKDOWN as of 08/31/2016

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

HOLDINGS as of 08/31/2016View Portfolio

SECTOR ALLOCATION as of 08/31/2016 View Portfolio

Investment Team

Contact a Representative

Performance

Performance

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Fund Expense Ratio :

Gross 1.66%

Net 1.38%

Growth of $10,000 as of 08/31/2016

NAV Historical Prices

Portfolio

Portfolio

Register For a LordAbbett.com Account
Using Your Email Address.

Fund Review
as of 06/30/2016