LVFLX� | Focused Large Cap Value Fund Class R6 | 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 03/31/2021

Total Net Assets
$824.01 M
Inception Date
08/01/2019
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.83%
Fund Net Expense Ratio
0.70%
Number of Holdings
36

Fund Expense Ratio :

Gross 0.83%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 18.98% 68.86% - - - 16.89%
Lipper Category Avg. Large-Cap Value Funds 15.60% 46.79% - - - -
Russell 1000® Value Index 15.70% 45.93% - - - 15.36%

Fund Expense Ratio :

Gross 0.83%

Net 0.70%

Fund Expense Ratio :

Gross 0.83%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 14.51% 88.14% - - - 15.12%
Lipper Category Avg. Large-Cap Value Funds 11.35% 57.26% - - - -
Russell 1000® Value Index 11.25% 56.09% - - - 13.47%

Fund Expense Ratio :

Gross 0.83%

Net 0.70%

TEN LARGEST HOLDINGS as of 03/31/2021

Holding Assets
CIT Group Inc 4.1%
Citigroup Inc 3.7%
Ameriprise Financial Inc 3.5%
Caesars Entertainment Inc 3.5%
McAfee Corp 3.4%
Facebook Inc 3.3%
NRG Energy Inc 3.3%
Hartford Financial Services Group Inc/The 3.1%
Nexstar Media Group Inc 3.1%
Raytheon Technologies Corp 3.1%

INVESTMENT TEAM

Eli Rabinowich
Eli Rabinowich

Portfolio Manager

16 Years of Industry Experience

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

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Performance

Performance

Fund Expense Ratio :

Gross 0.83%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 18.98% 68.86% - - - 16.89%
Lipper Category Avg. Large-Cap Value Funds 15.60% 46.79% - - - -
Russell 1000® Value Index 15.70% 45.93% - - - 15.36%

Fund Expense Ratio :

Gross 0.83%

Net 0.70%

Fund Expense Ratio :

Gross 0.83%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 14.51% 88.14% - - - 15.12%
Lipper Category Avg. Large-Cap Value Funds 11.35% 57.26% - - - -
Russell 1000® Value Index 11.25% 56.09% - - - 13.47%

Fund Expense Ratio :

Gross 0.83%

Net 0.70%

Year Fund Returns Russell 1000® Value Index
2020 5.00% 2.80%
2019 5.19% 26.54%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 14.51% - - - 22.73%
2020 -36.10% 29.14% 2.09% 24.63% 5.00%
2019 - - - 5.97% 5.19%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 03/31/2021

  • 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 Sabre Corp., a technology solutions provider. Sabre’s business was significantly impacted by the pandemic, but as vaccines are rolled out and people begin to travel, we anticipate the company to return to significant cash generation on a normalized basis.
  • We also initiated a position in Pioneer Natural Resources Co., an independent oil and gas exploration and production company. The company recently acquired Parsley Energy in an all-stock transaction. We view the fundamentals of the combined companies favorably.
  • We sold the Fund’s position in Verizon Communications Inc., a telecommunications company, in favor of other investment opportunities consistent with our normalized free cash flow methodology.
  • We also sold the Fund’s position in Harley Davidson, Inc., a motorcycle manufacturer, in favor of other investment opportunities consistent with our normalized free cash flow methodology. 

PORTFOLIO DETAILS as of 03/31/2021

Total Net Assets
$824.01 M
Number of Holdings
36
Weighted Average Market Cap.
95.7 B
P/B Ratio
2.5x
P/E Ratio
17.9x

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
CIT Group, Inc. 1.5%
Invesco Ltd 1.3%
Hartford Financial Services Group Inc/The 1.2%
McAfee Corp 1.1%
Nexstar Media Group Inc 0.9%

Detractors

Holding Contribution
Harley-Davidson, Inc. -0.3%
Sabre Corp. -0.2%
Allison Transmission Holdings Inc -0.1%
Verizon Communications, Inc. -0.1%
TJX Cos Inc/The -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 04/30/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
0.83% 0.70%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
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Statutory Prospectus
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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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