LIFLX� | Focused Large Cap Value Fund Class I | Lord Abbett
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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 09/30/2021

Total Net Assets
$573.22 M
Inception Date
08/01/2019
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.84%
Fund Net Expense Ratio
0.71%
Number of Holdings
35
Minimum Initial Investment
$1,000,000+

Fund Expense Ratio :

Gross 0.84%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 19.96% 49.41% - - - 13.83%
Lipper Category Avg. Large-Cap Value Funds 16.41% 35.23% - - - -
Russell 1000® Value Index 16.14% 35.01% - - - 12.43%

Fund Expense Ratio :

Gross 0.84%

Net 0.71%

Fund Expense Ratio :

Gross 0.84%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 19.96% 49.41% - - - 13.83%
Lipper Category Avg. Large-Cap Value Funds 16.41% 35.23% - - - -
Russell 1000® Value Index 16.14% 35.01% - - - 12.43%

Fund Expense Ratio :

Gross 0.84%

Net 0.71%

TEN LARGEST HOLDINGS as of 09/30/2021

Holding Assets
Caesars Entertainment Inc 4.3%
CIT Group Inc 4.0%
Ameriprise Financial Inc 3.8%
Alphabet Inc 3.6%
Wells Fargo & Co 3.5%
NRG Energy Inc 3.4%
Raytheon Technologies Corp 3.4%
Fidelity National Financial Inc 3.3%
KKR & Co Inc 3.3%
Nexstar Media Group Inc 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 0.84%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 19.96% 49.41% - - - 13.83%
Lipper Category Avg. Large-Cap Value Funds 16.41% 35.23% - - - -
Russell 1000® Value Index 16.14% 35.01% - - - 12.43%

Fund Expense Ratio :

Gross 0.84%

Net 0.71%

Fund Expense Ratio :

Gross 0.84%

Net 0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 19.96% 49.41% - - - 13.83%
Lipper Category Avg. Large-Cap Value Funds 16.41% 35.23% - - - -
Russell 1000® Value Index 16.14% 35.01% - - - 12.43%

Fund Expense Ratio :

Gross 0.84%

Net 0.71%

Year Fund Returns Russell 1000® Value Index
2020 4.93% 2.80%
2019 5.19% 26.54%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 14.52% 5.04% -0.27% - 25.41%
2020 -36.10% 29.04% 2.17% 24.55% 4.93%
2019 - - - 5.97% 5.19%

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 09/30/2021

Total Net Assets
$573.22 M
Number of Holdings
35
Weighted Average Market Cap.
129.5 B
P/B Ratio
2.4x
P/E Ratio
13.6x

Contributors & Detractors as of  09/30/2021

Contributors

Holding Contribution
Hartford Financial Services Group Inc/The 0.4%
Spectrum Brands Hldgs I 0.3%
Caesars Entertainment Inc 0.3%
Ameriprise Financial Inc 0.2%
Facebook Inc 0.2%

Detractors

Holding Contribution
General Motors Co. -0.3%
Allison Transmission Holdings Inc -0.3%
Lockheed Martin Corp. -0.2%
Bristol Myers Squibb Co -0.2%
Alphabet Inc -0.2%

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 09/30/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
0.84% 0.71%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Publish Date:11/03/2015
Summary Prospectus
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Statutory Prospectus
Publish Date:11/03/2015
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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

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