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 06/30/2021

Total Net Assets
$723.13 M
Inception Date
08/01/2019
Dividend Frequency
Annually
Number of Holdings
36
Minimum Initial Investment
$1,500+

Expense Ratioas of 06/30/2021

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 20.18% 52.69% - - - 15.63%
Lipper Category Avg. Large-Cap Value Funds 17.07% 42.44% - - - -
Russell 1000® Value Index 17.05% 43.68% - - - 14.62%
w/ sales charge 13.27% 43.89% - - - 12.09%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 20.18% 52.69% - - - 15.63%
Lipper Category Avg. Large-Cap Value Funds 17.07% 42.44% - - - -
Russell 1000® Value Index 17.05% 43.68% - - - 14.62%
w/ sales charge 13.27% 43.89% - - - 12.09%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

TEN LARGEST HOLDINGS as of 06/30/2021

Holding Assets
Caesars Entertainment Inc 3.7%
CIT Group Inc 3.7%
McAfee Corp 3.7%
Facebook Inc 3.5%
Ameriprise Financial Inc 3.4%
Citigroup Inc 3.2%
NRG Energy Inc 3.2%
General Motors Co 3.1%
KKR & Co 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 1.09%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 20.18% 52.69% - - - 15.63%
Lipper Category Avg. Large-Cap Value Funds 17.07% 42.44% - - - -
Russell 1000® Value Index 17.05% 43.68% - - - 14.62%
w/ sales charge 13.27% 43.89% - - - 12.09%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/31/2019
w/o sales charge 20.18% 52.69% - - - 15.63%
Lipper Category Avg. Large-Cap Value Funds 17.07% 42.44% - - - -
Russell 1000® Value Index 17.05% 43.68% - - - 14.62%
w/ sales charge 13.27% 43.89% - - - 12.09%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

Year Fund Returns Russell 1000® Value Index
2020 4.61% 2.80%
2019 5.08% 26.54%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 14.47% 4.99% - - 19.08%
2020 -36.16% 28.97% 2.09% 24.45% 4.61%
2019 - - - 5.86% 5.08%

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 06/30/2021

Total Net Assets
$723.13 M
Number of Holdings
36
Weighted Average Market Cap.
102.4 B
P/B Ratio
2.5x
P/E Ratio
14.3x

Contributors & Detractors as of  06/30/2021

Contributors

Holding Contribution
McAfee Corp 0.8%
Caesars Entertainment Inc 0.6%
Facebook Inc 0.6%
Kkr & Co Inc 0.5%
United Technologies Corp. 0.4%

Detractors

Holding Contribution
Sabre Corp. -0.4%
Intel Corp. -0.2%
Hartford Financial Services Group Inc/The -0.2%
Euronet Worldwide Inc -0.1%
Citigroup, 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 07/26/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $19.47
$50,000 to $99,999 4.75% 4.00% $19.27
$100,000 to $249,999 3.95% 3.25% $19.10
$250,000 to $499,999 2.75% 2.25% $18.87
$500,000 to $999,999 1.95% 1.75% $18.71
$1,000,000 to $5,000,000 0.00% 1.00% $18.35

Expense Ratioas of 06/30/2021

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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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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