LMVOX | Focused Small Cap Value Fund Class F3 | Lord Abbett
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Focused Small Cap Value Fund

Summary

Summary

What is the Focused Small Cap Value Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of small U.S. companies.

 

Fund Basicsas of 04/30/2021

Total Net Assets
$251.93 M
Inception Date
06/28/2019
Dividend Frequency
Annually
Fund Gross Expense Ratio
1.12%
Fund Net Expense Ratio
1.00%
Number of Holdings
52

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 27.06% 90.05% 12.23% 14.91% 11.91% -
Lipper Category Avg. Small-Cap Core Funds 21.50% 65.73% 11.26% 13.39% 10.63% -
Russell 2000® Value Index 27.47% 79.38% 10.72% 13.83% 10.64% -

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 19.34% 124.34% 12.27% 14.63% 11.14% -
Lipper Category Avg. Small-Cap Core Funds 15.90% 89.09% 11.39% 12.95% 10.13% -
Russell 2000® Value Index 21.17% 97.05% 11.57% 13.56% 10.06% -

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

INVESTMENT TEAM

Eli Rabinowich
Eli Rabinowich

Portfolio Manager

16 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

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Performance

Performance

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 27.06% 90.05% 12.23% 14.91% 11.91% -
Lipper Category Avg. Small-Cap Core Funds 21.50% 65.73% 11.26% 13.39% 10.63% -
Russell 2000® Value Index 27.47% 79.38% 10.72% 13.83% 10.64% -

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 19.34% 124.34% 12.27% 14.63% 11.14% -
Lipper Category Avg. Small-Cap Core Funds 15.90% 89.09% 11.39% 12.95% 10.13% -
Russell 2000® Value Index 21.17% 97.05% 11.57% 13.56% 10.06% -

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

Year Fund Returns Russell 2000® Value Index
2020 8.62% 4.63%
2019 20.81% 22.39%
2018 -9.24% -12.86%
2017 7.60% 7.84%
2016 30.79% 31.74%
2015 2.14% -7.47%
2014 -0.14% 4.22%
2013 38.27% 34.52%
2012 18.81% 18.05%
2011 -9.62% -5.50%
2010 27.98% -
2009 33.76% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 19.34% - - - 28.71%
2020 -42.22% 34.40% 0.83% 38.71% 8.62%
2019 11.58% 1.73% -3.29% 10.05% 20.81%
2018 0.44% 8.58% 1.80% -18.25% -9.24%
2017 -0.74% 1.69% 4.34% 2.15% 7.60%
2016 1.05% 7.61% 6.89% 12.52% 30.79%
2015 3.84% -0.75% -4.25% 3.51% 2.14%
2014 0.77% 2.75% -7.55% 4.31% -0.14%
2013 10.59% 3.36% 7.42% 12.62% 38.27%
2012 13.43% -5.36% 6.44% 3.97% 18.81%
2011 5.38% -2.38% -24.86% 16.92% -9.62%
2010 9.04% -6.13% 7.19% 16.65% 27.98%
2009 - 29.11% 14.63% 0.90% 33.76%

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 largely on companies with compelling valuation over a long term horizon.
  • We initiated a position in shares of Sally Beauty Holdings, Inc., an international retailer and distributor of professional beauty supplies. The business was significantly impacted by the pandemic as retail customers stayed home and salons were operating at less than full utilization. We believe these dynamics are transitory and over the last year management has reduced the normalized cost structure of the business which we believe has resulted in a very attractive valuation.
  • We also initiated a position in shares of Bally’s Corp., casino and horse racetrack company. The company has a significant presence in the nascent online sports gambling and i-gaming markets which we expect to grow significantly over the next several years. Additionally, in 2020, the company was able to improve margins by focusing on the higher margin online gambling business resulting in an attractive normalized free cash flow valuation.  
  • We sold the Fund’s position in TCF Financial Corp., a financial holding company, in favor of other investment opportunities consistent with our normalized free cash flow methodology.
  • We also sold the Fund’s position in shares of ProSight Global, Inc., an insurance provider, after the company announced that it would be acquired by TowerBrook Capital Partners and Further Global Capital. 

PORTFOLIO DETAILS as of 04/30/2021

Total Net Assets
$251.93 M
Number of Holdings
52
Weighted Average Market Cap.
3.1 B
P/B Ratio
2.5x
P/E Ratio
18.6x

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 05/31/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
1.12% 1.00%

Fund Documents

Fund Documents

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