LFFLX� | Focused Large Cap Value Fund Class F | Lord Abbett
Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

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 08/31/2021

Total Net Assets
$588.30 M
Inception Date
08/01/2019
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.94%
Fund Net Expense Ratio
0.71%
Number of Holdings
35

Fund Expense Ratio :

Gross 0.94%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 22.99% 48.05% - - - 15.73%
Lipper Category Avg. Large-Cap Value Funds 20.49% 35.53% - - - -
Russell 1000® Value Index 20.32% 36.45% - - - 14.88%

Fund Expense Ratio :

Gross 0.94%

Net 0.71%

Fund Expense Ratio :

Gross 0.94%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 20.28% 52.96% - - - 15.86%
Lipper Category Avg. Large-Cap Value Funds 17.07% 42.44% - - - -
Russell 1000® Value Index 17.05% 43.68% - - - 14.62%

Fund Expense Ratio :

Gross 0.94%

Net 0.71%

TEN LARGEST HOLDINGS as of 08/31/2021

Holding Assets
CIT Group Inc 4.1%
Alphabet Inc 3.8%
Ameriprise Financial Inc 3.8%
Caesars Entertainment Inc 3.8%
NRG Energy Inc 3.7%
Fidelity National Financial Inc 3.4%
KKR & Co Inc 3.4%
Wells Fargo & Co 3.3%
AbbVie Inc 3.2%
Raytheon Technologies Corp 3.2%

INVESTMENT TEAM

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 31 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 0.94%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 22.99% 48.05% - - - 15.73%
Lipper Category Avg. Large-Cap Value Funds 20.49% 35.53% - - - -
Russell 1000® Value Index 20.32% 36.45% - - - 14.88%

Fund Expense Ratio :

Gross 0.94%

Net 0.71%

Fund Expense Ratio :

Gross 0.94%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 20.28% 52.96% - - - 15.86%
Lipper Category Avg. Large-Cap Value Funds 17.07% 42.44% - - - -
Russell 1000® Value Index 17.05% 43.68% - - - 14.62%

Fund Expense Ratio :

Gross 0.94%

Net 0.71%

Year Fund Returns Russell 1000® Value Index
2020 4.87% 2.80%
2019 5.15% 26.54%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 14.55% 5.00% - - 17.97%
2020 -36.10% 29.04% 2.09% 24.57% 4.87%
2019 - - - 5.92% 5.15%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 06/30/2021

  • 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 Euronet Worldwide, Inc., an electronic payment and transaction processing company.  We believe that as the consumers’ desire to travel continues to improve, Euronet will be a significant beneficiary due to the fact that Euronet’s ATM business is largely concentrated in tourist areas of Europe which continue to be impacted by restrictions on international travel.
  • We also initiated a position in shares of Wells Fargo, a financial holding company. We believe that the company continues to make good progress on its turnaround and is attractively valued relative to peers. In our view, the company may improve its returns from high-single digits to mid-teens as it gets out from is asset capital restrictions, reduces expenses and returns excess capital to shareholders.
  • We sold the Fund’s position in JPMorgan Chase & Co., a financial holding company, in favor of more attractive investment alternatives, consistent with our normalized free cash flow framework, due to concerns about the bank’s ability to manage additional excess liquidity in a slow-growth loan environment.
  • We sold the Fund’s position in Lear Corp., a manufacturing company, in favor of other investment opportunities consistent with our normalized free cash flow methodology.

PORTFOLIO DETAILS as of 08/31/2021

Total Net Assets
$588.30 M
Number of Holdings
35
Weighted Average Market Cap.
140.9 B
P/B Ratio
2.5x
P/E Ratio
14.0x

Contributors & Detractors as of  06/30/2021

Contributors

Holding Contribution
McAfee Corp 0.8%
Caesars Entertainment Inc 0.6%
Facebook Inc 0.6%
Kkr & Co Inc 0.5%
United Technologies Corp. 0.4%

Detractors

Holding Contribution
Sabre Corp. -0.4%
Intel Corp. -0.2%
Hartford Financial Services Group Inc/The -0.2%
Euronet Worldwide Inc -0.1%
Citigroup, Inc. -0.1%

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 08/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
0.94% 0.71%

Fund Documents

Fund Documents

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

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
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
Commentary
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

The Russell 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field