Focused Large Cap Value Fund
Daily price w/o sales charge as of 02/26/2020
$14.06
$0.21
YTD Returns w/o sales charge as of 02/26/2020
-10.27%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of large U.S. companies.
Fund Basicsas of 01/31/2020
- Total Net Assets
- $41.31 M
- Inception Date
- 08/01/2019
- Dividend Frequency
- Annually
- Fund Gross Expense Ratio
- 5.15%
- Fund Net Expense Ratio
- 1.71%
- Number of Holdings
- 35
- Minimum Initial Investment
- $1,500+
Fund Expense Ratio :
Gross 5.15%
Net 1.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
|---|
| w/o sales charge | -4.79% | - | - | - | - | -0.28% |
| Lipper Category Avg. Large-Cap Value Funds | -2.91% | - | - | - | - | - |
| Russell 1000® Value Index | -2.15% | - | - | - | - | 5.65% |
| w/ sales charge | -5.74% | - | - | - | - | -1.28% |
Fund Expense Ratio :
Gross 5.15%
Net 1.71%
Fund Expense Ratio :
Gross 5.15%
Net 1.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
|---|
| w/o sales charge | - | - | - | - | - | 4.73% |
| Lipper Category Avg. Large-Cap Value Funds | - | - | - | - | - | - |
| Russell 1000® Value Index | - | - | - | - | - | 7.97% |
| w/ sales charge | - | - | - | - | - | 3.73% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 5.15%
Net 1.71%
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.
TEN LARGEST HOLDINGS as of 01/31/2020
| Holding | Assets |
|---|---|
| Intel Corp. | 3.9% |
| Citigroup, Inc. | 3.8% |
| Spectrum Brands Holdings Inc | 3.8% |
| Wells Fargo & Co. | 3.5% |
| General Dynamics Corp. | 3.4% |
| CVS Caremark Corp. | 3.4% |
| Wabtec Corp. | 3.3% |
| Axis Capital Holdings Ltd. | 3.3% |
| AXA S.A. | 3.3% |
| Verizon Communications, Inc. | 3.3% |
Sector Allocationas of 01/31/2020
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.2%
|
|
| Real Estate |
0.6%
|
|
| Utilities | 0.0% | |
| Bonds |
1.3%
|
|
| Consumer Discretionary |
0.1%
|
|
| Consumer Staples |
 0.1%
|
|
| Energy |
0.6%
|
|
| Financials |
1.0%
|
|
| Health Care |
0.5%
|
|
| Industrials |
1.3%
|
|
| Information Technology |
0.2%
|
|
| Materials |
0.8%
|
INVESTMENT TEAM
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Performance
Performance
Fund Expense Ratio :
Gross 5.15%
Net 1.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
|---|
| w/o sales charge | -4.79% | - | - | - | - | -0.28% |
| Lipper Category Avg. Large-Cap Value Funds | -2.91% | - | - | - | - | - |
| Russell 1000® Value Index | -2.15% | - | - | - | - | 5.65% |
| w/ sales charge | -5.74% | - | - | - | - | -1.28% |
Fund Expense Ratio :
Gross 5.15%
Net 1.71%
Fund Expense Ratio :
Gross 5.15%
Net 1.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
|---|
| w/o sales charge | - | - | - | - | - | 4.73% |
| Lipper Category Avg. Large-Cap Value Funds | - | - | - | - | - | - |
| Russell 1000® Value Index | - | - | - | - | - | 7.97% |
| w/ sales charge | - | - | - | - | - | 3.73% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 5.15%
Net 1.71%
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 Fund changed its investment strategy on 07/31/2019. Performance is calculated from this date.
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Intel Corp. | Capital Goods | 3.9% |
| Citigroup, Inc. | Financial Services | 3.8% |
| Spectrum Brands Holdings Inc | Consumer Discretionary | 3.8% |
| Wells Fargo & Co. | Financial Services | 3.5% |
| General Dynamics Corp. | Technology | 3.4% |
| CVS Caremark Corp. | Health Care | 3.4% |
| Wabtec Corp. | Producer Durables | 3.3% |
| Axis Capital Holdings Ltd. | Financial Services | 3.3% |
| AXA S.A. | Financial Services | 3.3% |
| Verizon Communications, Inc. | Telecommunications | 3.3% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Sector | Assets |
|---|
| Citigroup, Inc. | Financial Services | 3.8% |
| Wells Fargo & Co. | Financial Services | 3.7% |
| Spectrum Brands Holdings Inc | Consumer Discretionary | 3.7% |
| Dow Inc | Materials and Processing | 3.5% |
| CVS Caremark Corp. | Health Care | 3.5% |
| Intel Corp. | Capital Goods | 3.5% |
| Nucor Corp. | Materials and Processing | 3.5% |
| Wabtec Corp. | Producer Durables | 3.3% |
| AXA S.A. | Financial Services | 3.3% |
| General Dynamics Corp. | Technology | 3.2% |
| Cummins, Inc. | Auto | 3.2% |
| Verizon Communications, Inc. | Telecommunications | 3.2% |
| Suncor Energy, Inc. | Energy | 3.1% |
| American International Group, Inc. | Financial Services | 3.1% |
| Total S.A. | Energy | 3.1% |
| Ameriprise Financial, Inc. | Financial Services | 3.0% |
| Laboratory Corp. of America Holdings | Health Care | 2.9% |
| Axis Capital Holdings Ltd. | Financial Services | 2.9% |
| National Oilwell Varco, Inc. | Integrated Oils | 2.9% |
| Universal Health Services, Inc. | Health Care | 2.9% |
| McKesson Corp. | Health Care | 2.9% |
| Avnet, Inc. | Technology | 2.9% |
| Ally Financial, Inc. | Financial Services | 2.8% |
| E*TRADE Financial Corp. | Financial Services | 2.7% |
| Urban Outfitters, Inc. | Consumer Cyclicals | 2.5% |
| Lear Corp. | Auto | 2.5% |
| Altria Group, Inc. | Producer Durables | 2.4% |
| KKR & Co Inc | Financial Services | 2.3% |
| Foot Locker, Inc. | Consumer Cyclicals | 2.1% |
| Delta Air Lines, Inc. | Transportation | 2.0% |
| General Electric Co. | Producer Durables | 1.9% |
| General Electric Co. | Producer Durables | 1.5% |
| CBS Corp. | Consumer Services | 1.5% |
| Omnicom Group, Inc. | Consumer Discretionary | 1.5% |
| Pacific Gas & Electric Co. | Utilities | 1.4% |
| Outfront Media Inc | Financial Services | 1.1% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 01/31/2020
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.2%
|
|
| Real Estate |
0.6%
|
|
| Utilities | 0.0% | |
| Bonds |
1.3%
|
|
| Consumer Discretionary |
0.1%
|
|
| Consumer Staples |
0.1%
|
|
| Energy |
0.6%
|
|
| Financials |
1.0%
|
|
| Health Care |
0.5%
|
|
| Industrials |
1.3%
|
|
| Information Technology |
0.2%
|
|
| Materials |
0.8%
|
PORTFOLIO DETAILS as of 01/31/2020
- Total Net Assets
- $41.31 M
- Number of Holdings
- 35
- Weighted Average Market Cap.
- 60.2 B
- P/B Ratio
- 1.6x
- P/E Ratio
- 13.6x
To view definitions for the above Portfolio Details, Click here.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
Contributors & Detractors as of 12/31/2019
Contributors
| Holding | Contribution |
|---|---|
| Spectrum Brands Hldgs I | 0.8% |
| Citigroup, Inc. | 0.6% |
| CVS Caremark Corp. | 0.6% |
| Dow Inc | 0.6% |
| Intel Corp. | 0.5% |
Detractors
| Holding | Contribution |
|---|---|
| Axis Capital Holdings Ltd. | -0.4% |
| Hewlett-Packard Co. | -0.3% |
| American International Group, Inc. | -0.3% |
| Foot Locker, Inc. | -0.2% |
| Pacific Gas & Electric Co. | -0.2% |
% Contribution reflects the effect of the individual stock's performance on the Fund's overall performance for the period. Individual holdings and their effect on Fund performance may change significantly over time. Investors should consider the overall performance of the Fund before making a decision on whether or not to invest in the Fund.
Attribution Analysis
| Focused Large Cap Value Fund | Benchmark | Variance | |||||
|---|---|---|---|---|---|---|---|
| Sector | Avg. Weight | Base Return | Avg. Weight | Base Return | Stock Selection | Group Weight | Total |
The total base return displayed for the Fund does not capture daily cash flow and trading activity and therefore is subject to reasonable variance from the Fund's actual return. Please refer to Lord Abbett Affiliated Fund Performance Results for the Fund's longer-term returns. The Fund is actively managed and portfolio characteristics, such as individual holdings and sector weightings, may change significantly over time.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Fees & Expenses
Fees & Expenses
Expense Ratioas of 01/31/2020
| Fund Gross Expense Ratio | Fund Net Expense Ratio | |
|---|---|---|
| 5.15% | 1.71% |
Expense ratio details, Click here.
The net expense ratio is based on estimates for the current fiscal year and takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 02/28/2021. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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