Focused Large Cap Value Fund
Daily price w/o sales charge as of 10/21/2020
$13.62
$0.10
YTD Returns w/o sales charge as of 10/21/2020
-13.14%
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 09/30/2020
- Total Net Assets
- $365.05 M
- Inception Date
- 08/01/2019
- Dividend Frequency
- Annually
- Fund Gross Expense Ratio
- 4.25%
- Fund Net Expense Ratio
- 0.71%
- Number of Holdings
- 35
Fund Expense Ratio :
Gross 4.25%
Net 0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
|---|
| w/o sales charge | -15.82% | -10.83% | - | - | - | -9.92% |
| Lipper Category Avg. Large-Cap Value Funds | -10.49% | -3.46% | - | - | - | - |
| Russell 1000® Value Index | -11.58% | -5.02% | - | - | - | -3.89% |
Fund Expense Ratio :
Gross 4.25%
Net 0.71%
Fund Expense Ratio :
Gross 4.25%
Net 0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
|---|
| w/o sales charge | -15.82% | -10.83% | - | - | - | -9.92% |
| Lipper Category Avg. Large-Cap Value Funds | -10.49% | -3.46% | - | - | - | - |
| Russell 1000® Value Index | -11.58% | -5.02% | - | - | - | -3.89% |
Fund Expense Ratio :
Gross 4.25%
Net 0.71%
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 09/30/2020
| Holding | Assets |
|---|---|
| Discover Financial Services | 3.8% |
| Dow Inc | 3.8% |
| Lowe's Cos, Inc. | 3.8% |
| Ameriprise Financial, Inc. | 3.7% |
| Nexstar Broadcasting Group, Inc. | 3.7% |
| Spectrum Brands Holdings Inc | 3.7% |
| Eldorado Resorts, Inc. | 3.5% |
| Comcast Corp. | 3.4% |
| Fidelity National Financial Group | 3.4% |
| Invesco Ltd. | 3.4% |
Sector Allocationas of 09/30/2020
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 4.0%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary |
0.4%
|
|
| Consumer Staples |
0.7%
|
|
| Energy |
1.0%
|
|
| Financials |
0.2%
|
|
| Health Care |
0.4%
|
|
| Industrials |
0.4%
|
|
| Information Technology |
0.6%
|
|
| Materials |
2.1%
|
INVESTMENT TEAM
Your Representative
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Performance
Performance
Fund Expense Ratio :
Gross 4.25%
Net 0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
|---|
| w/o sales charge | -15.82% | -10.83% | - | - | - | -9.92% |
| Lipper Category Avg. Large-Cap Value Funds | -10.49% | -3.46% | - | - | - | - |
| Russell 1000® Value Index | -11.58% | -5.02% | - | - | - | -3.89% |
Fund Expense Ratio :
Gross 4.25%
Net 0.71%
Fund Expense Ratio :
Gross 4.25%
Net 0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
|---|
| w/o sales charge | -15.82% | -10.83% | - | - | - | -9.92% |
| Lipper Category Avg. Large-Cap Value Funds | -10.49% | -3.46% | - | - | - | - |
| Russell 1000® Value Index | -11.58% | -5.02% | - | - | - | -3.89% |
Fund Expense Ratio :
Gross 4.25%
Net 0.71%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The Fund changed its investment strategy on 07/31/2019. Performance is calculated from this date.
| Year | Fund Returns | Russell 1000® Value Index |
|---|
| 2019 | 5.15% | 26.54% |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2020 | -36.10% | 29.04% | 2.09% | - | -13.14% |
| 2019 | - | - | - | 5.92% | 5.15% |
| Year | Fund Returns | Russell 1000® Value Index |
|---|
| 2019 | 5.15% | 26.54% |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2020 | -36.10% | 29.04% | 2.09% | - | -13.14% |
| 2019 | - | - | - | 5.92% | 5.15% |
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Discover Financial Services | Financials | 3.8% |
| Dow Inc | Materials | 3.8% |
| Lowe's Cos, Inc. | Consumer Discretionary | 3.8% |
| Ameriprise Financial, Inc. | Financials | 3.7% |
| Nexstar Broadcasting Group, Inc. | Communication Services | 3.7% |
| Spectrum Brands Holdings Inc | Consumer Staples | 3.7% |
| Eldorado Resorts, Inc. | Consumer Discretionary | 3.5% |
| Comcast Corp. | Communication Services | 3.4% |
| Fidelity National Financial Group | Financials | 3.4% |
| Invesco Ltd. | Financials | 3.4% |
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 |
|---|
| Nexstar Broadcasting Group, Inc. | Communication Services | 3.8% |
| Spectrum Brands Holdings Inc | Consumer Staples | 3.8% |
| Lowe's Cos, Inc. | Consumer Discretionary | 3.8% |
| Ameriprise Financial, Inc. | Financials | 3.7% |
| Dow Inc | Materials | 3.6% |
| Discover Financial Services | Financials | 3.5% |
| Hartford Financial Services Group, Inc. | Financials | 3.3% |
| JPMorgan Chase & Co. | Financials | 3.3% |
| Citigroup, Inc. | Financials | 3.3% |
| Comcast Corp. | Communication Services | 3.2% |
| Everest Re Group Ltd. | Financials | 3.1% |
| DuPont de Nemours Inc | Materials | 3.0% |
| Wabtec Corp. | Industrials | 3.0% |
| TJX Cos., Inc. | Consumer Discretionary | 3.0% |
| Invesco Ltd. | Financials | 3.0% |
| Bristol-Myers Squibb Co. | Health Care | 3.0% |
| AbbVie, Inc. | Health Care | 2.9% |
| McKesson Corp. | Health Care | 2.9% |
| Brunswick Corp. | Consumer Discretionary | 2.9% |
| Altria Group, Inc. | Consumer Staples | 2.9% |
| General Dynamics Corp. | Industrials | 2.9% |
| United Technologies Corp. | Industrials | 2.8% |
| CVS Caremark Corp. | Health Care | 2.8% |
| Universal Health Services, Inc. | Health Care | 2.7% |
| KKR & Co Inc | Financials | 2.7% |
| Eldorado Resorts, Inc. | Consumer Discretionary | 2.7% |
| Wells Fargo & Co. | Financials | 2.6% |
| Lear Corp. | Consumer Discretionary | 2.5% |
| Avnet, Inc. | Information Technology | 2.4% |
| Intel Corp. | Information Technology | 2.2% |
| Verizon Communications, Inc. | Communication Services | 2.1% |
| Marathon Petroleum Corp. | Energy | 1.5% |
| Total S.A. | Energy | 1.4% |
| Noble Energy, Inc. | Energy | 1.4% |
| National Oilwell Varco, Inc. | Energy | 1.3% |
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.
Sector Allocationas of 09/30/2020
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
4.0%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary |
0.4%
|
|
| Consumer Staples |
0.7%
|
|
| Energy |
1.0%
|
|
| Financials |
0.2%
|
|
| Health Care |
0.4%
|
|
| Industrials |
0.4%
|
|
| Information Technology |
0.6%
|
|
| Materials |
2.1%
|
PORTFOLIO DETAILS as of 09/30/2020
- Total Net Assets
- $365.05 M
- Number of Holdings
- 35
- Weighted Average Market Cap.
- 64.7 B
- P/B Ratio
- 1.5x
- P/E Ratio
- 14.5x
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 09/30/2020
Contributors
| Holding | Contribution |
|---|---|
| Eldorado Resorts, Inc. | 0.8% |
| Spectrum Brands Hldgs I | 0.8% |
| Lowe's Cos, Inc. | 0.8% |
| Dow Inc | 0.6% |
| Discover Financial Services | 0.6% |
Detractors
| Holding | Contribution |
|---|---|
| Citigroup, Inc. | -0.5% |
| National Oilwell Varco, Inc. | -0.4% |
| Intel Corp. | -0.3% |
| Marathon Petroleum Corp. | -0.3% |
| AbbVie, Inc. | -0.3% |
% 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 09/30/2020
| Fund Gross Expense Ratio | Fund Net Expense Ratio | |
|---|---|---|
| 4.25% | 0.71% |
Expense ratio details, Click here.
The net expense ratio 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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Semi-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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