LAFLX | Focused Large Cap Value Fund Class A | 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 08/31/2020

Total Net Assets
$379.22 M
Inception Date
08/01/2019
Dividend Frequency
Annually
Number of Holdings
35
Minimum Initial Investment
$1,500+

Expense Ratioas of 08/31/2020

Fund Expense Ratio :

Gross 4.40%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -15.94% -11.02% - - - -10.09%
Lipper Category Avg. Large-Cap Value Funds - - - - - -
Russell 1000® Value Index - - - - - -
w/ sales charge -20.79% -16.14% - - - -14.56%

Fund Expense Ratio :

Gross 4.40%

Net 0.96%

Fund Expense Ratio :

Gross 4.40%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -15.94% -11.02% - - - -10.09%
Lipper Category Avg. Large-Cap Value Funds - - - - - -
Russell 1000® Value Index - - - - - -
w/ sales charge -20.79% -16.14% - - - -14.56%

Fund Expense Ratio :

Gross 4.40%

Net 0.96%

TEN LARGEST HOLDINGS as of 08/31/2020

Holding Assets
Lowe's Cos, Inc. 3.8%
Nexstar Broadcasting Group, Inc. 3.8%
Spectrum Brands Holdings Inc 3.8%
Ameriprise Financial, Inc. 3.7%
Dow Inc 3.6%
Discover Financial Services 3.5%
Citigroup, Inc. 3.3%
Hartford Financial Services Group, Inc. 3.3%
JPMorgan Chase & Co. 3.3%
Comcast Corp. 3.2%

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

Supported By 34 Investment Professionals with 18 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 4.40%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -15.94% -11.02% - - - -10.09%
Lipper Category Avg. Large-Cap Value Funds - - - - - -
Russell 1000® Value Index - - - - - -
w/ sales charge -20.79% -16.14% - - - -14.56%

Fund Expense Ratio :

Gross 4.40%

Net 0.96%

Fund Expense Ratio :

Gross 4.40%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge -15.94% -11.02% - - - -10.09%
Lipper Category Avg. Large-Cap Value Funds - - - - - -
Russell 1000® Value Index - - - - - -
w/ sales charge -20.79% -16.14% - - - -14.56%

Fund Expense Ratio :

Gross 4.40%

Net 0.96%

Year Fund Returns Russell 1000® Value Index
2019 5.08% 26.54%
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -36.16% 28.97% 2.09% - -15.94%
2019 - - - 5.86% 5.08%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 06/30/2020

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuation over a long term horizon.
  • Given our longer-term orientation and the focus we place on normalized free cash flow, we believe we have a unique ability to look through some of the shorter-term impacts on companies due to the global pandemic, and we continue to look for opportunities amid the volatility. As a result, we have been able to methodically upgrade the Fund in areas that have been particularly impacted by adhering to our process.
  • We initiated a position in shares of AbbVie, Inc., a global biopharmaceutical company that develops and markets therapies focused on autoimmune diseases, oncology, neurological disorders, as well as other serious health conditions. AbbVie’s stock has been under pressure due to the uncertainty associated with the 2023 patent expiration for its largest drug, Humira. We believe that investors underappreciate the potential of the company’s recent acquisition of Allergan, its pipeline of potential new medicines and management’s business development acumen to mitigate the impact of Humira’s loss of exclusivity.
  • We sold the Fund’s position in shares of AXA SA, an insurance and asset management services provider, consistent with our normalized free cash flow framework.

PORTFOLIO DETAILS as of 08/31/2020

Total Net Assets
$379.22 M
Number of Holdings
35
Weighted Average Market Cap.
66.9 B
P/B Ratio
1.5x
P/E Ratio
15.2x

Contributors & Detractors as of  06/30/2020

Contributors

Holding Contribution
Thor Industries, Inc. 3.8%
Brunswick Corp. 2.6%
Discover Financial Services 1.6%
Ameriprise Financial, Inc. 1.6%
Lowe's Cos, Inc. 1.6%

Detractors

Holding Contribution
Wells Fargo & Co. -0.4%
Universal Health Services, Inc. -0.2%
Bristol-Myers Squibb Co. -0.2%
AXA S.A. -0.1%
Outfront Media 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

Sales Charge Schedule as of 09/30/2020

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $13.98
$50,000 to $99,999 4.75% 4.00% $13.84
$100,000 to $249,999 3.95% 3.25% $13.72
$250,000 to $499,999 2.75% 2.25% $13.55
$500,000 to $999,999 1.95% 1.75% $13.44
$1,000,000 to $5,000,000 0.00% 1.00% $13.18

Expense Ratioas of 08/31/2020

Fund Documents

Fund Documents

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Summary 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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Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

 

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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.

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