LVFLX� | Focused Large Cap Value Fund Class R6 | Lord Abbett

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(as of 12/05/2015)

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Focused Large Cap Value Fund

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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 05/31/2022

Total Net Assets
$688.53 M
Inception Date
08/01/2019
Dividend Frequency
Annually
Fund Expense Ratio
0.68%
Number of Holdings
34

Fund Expense Ratio :

0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -4.73% -0.08% - - - 11.09%
Lipper Category Avg. Large-Cap Value Funds -4.28% 2.07% - - - -
Russell 1000® Value Index -4.52% 0.93% - - - 10.47%

Fund Expense Ratio :

0.68%

Fund Expense Ratio :

0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -1.49% 10.16% - - - 13.23%
Lipper Category Avg. Large-Cap Value Funds -0.81% 12.61% - - - -
Russell 1000® Value Index -0.74% 11.67% - - - 12.79%

Fund Expense Ratio :

0.68%

TEN LARGEST HOLDINGS as of 05/31/2022

Holding Assets
Allstate Corp/The 4.1%
Organon & Co 3.8%
Raytheon Technologies Corp 3.8%
KKR & Co Inc 3.7%
Ameriprise Financial Inc 3.6%
NRG Energy Inc 3.5%
Wells Fargo & Co 3.4%
Lockheed Martin Corp 3.3%
Pfizer Inc 3.3%
CVS Health Corp 3.2%

INVESTMENT TEAM

A. Edward Allinson
John C. Hardy

Portfolio Manager

19 Years of Industry Experience

Jeff Diamond
Jeff Diamond, CFA

Portfolio Manager

35 Years of Industry Experience

John F. Corr
Darnell Azeez

Portfolio Manger

20 Years of Industry Experience

Supported By 34 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Fund Expense Ratio :

0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -4.73% -0.08% - - - 11.09%
Lipper Category Avg. Large-Cap Value Funds -4.28% 2.07% - - - -
Russell 1000® Value Index -4.52% 0.93% - - - 10.47%

Fund Expense Ratio :

0.68%

Fund Expense Ratio :

0.68%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -1.49% 10.16% - - - 13.23%
Lipper Category Avg. Large-Cap Value Funds -0.81% 12.61% - - - -
Russell 1000® Value Index -0.74% 11.67% - - - 12.79%

Fund Expense Ratio :

0.68%

Year Fund Returns Russell 1000® Value Index
2021 28.05% 25.16%
2020 5.00% 2.80%
2019 5.19% 26.54%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -1.49% - - - -12.70%
2021 14.51% 5.03% -0.27% 6.75% 28.05%
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 3/31/2022

  • 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 Allstate Corporation, an insurance company. Auto insurance margins have suffered due to increases in accident frequency as the economy reopens as well as increased claims costs mostly attributable to inflation. Allstate’s management is undertaking pricing actions that we expect will be sufficient to restore profitability over the medium-term. We believe the market underappreciates improvements in the business profile from the sale of their life insurance business and the expansion of protection services.
  • We also initiated a position in shares of Valvoline, Inc., which engages in the production, marketing and supply of engine and automotive maintenance products and services.  We believe Valvoline has an undervalued retail base in quick lube service centers with upside from additional franchise sales and potential acquisitions of underperforming quick lube peers and franchisees. Further, we believe market fears regarding the impact of electric vehicles on service demand appear overblown.
  • We sold the Fund’s position in Lowe's Companies, Inc., an American retailer specializing in home improvement, in favor of what we consider to be more attractive investment opportunities consistent with our normalized free cash flow methodology.
  • We sold the Fund’s position in Hartford Financial Services Group, Inc., an insurance and financial services company, in favor of what we consider to be more attractive investment opportunities consistent with our normalized free cash flow methodology.

PORTFOLIO DETAILS as of 05/31/2022

Total Net Assets
$688.53 M
Number of Holdings
34
Weighted Average Market Cap.
75.9 B
P/B Ratio
2.4x
P/E Ratio
12.6x

Contributors & Detractors as of  03/31/2022

Contributors

Holding Contribution
Pioneer Natural Resources Co 0.9%
AbbVie, Inc. 0.7%
Lockheed Martin Corp. 0.7%
Nexstar Media Group Inc 0.7%
Schlumberger NV 0.6%

Detractors

Holding Contribution
First Citizens BancShares, Inc -1.0%
General Motors Co. -0.8%
Kkr & Co Inc -0.8%
Masco Corp. -0.8%
Eagle Materials, Inc. -0.6%

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 05/31/2022

0.68%

Fund Documents

Fund Documents

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