LMVYX | Focused Small Cap Value Fund Class I | Lord Abbett

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Focused Small Cap Value Fund

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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 10/31/2022

Total Net Assets
$134.34 M
Inception Date
07/09/1999
Dividend Frequency
Annually
Fund Expense Ratio
0.97%
Number of Holdings
43
Minimum Initial Investment

Fund Expense Ratio :

0.97%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/09/1999
w/o sales charge -10.77% -5.46% 8.73% 5.71% 10.78% 12.17%
Lipper Category Avg. Small-Cap Core Funds -9.44% -5.02% 8.23% 5.86% 9.84% -
Russell 2000® Value Index -8.48% -4.75% 8.33% 5.35% 9.67% 8.65%

Fund Expense Ratio :

0.97%

Fund Expense Ratio :

0.97%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/09/1999
w/o sales charge -24.32% -19.49% 4.85% 3.21% 8.95% 11.47%
Lipper Category Avg. Small-Cap Core Funds -22.28% -17.54% 4.58% 3.47% 8.13% -
Russell 2000® Value Index -21.12% -17.69% 4.72% 2.87% 7.94% 8.02%

Fund Expense Ratio :

0.97%

INVESTMENT TEAM

John C. Hardy
John C. Hardy

Portfolio Manager

19 Years of Industry Experience

Supported By 35 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Fund Expense Ratio :

0.97%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/09/1999
w/o sales charge -10.77% -5.46% 8.73% 5.71% 10.78% 12.17%
Lipper Category Avg. Small-Cap Core Funds -9.44% -5.02% 8.23% 5.86% 9.84% -
Russell 2000® Value Index -8.48% -4.75% 8.33% 5.35% 9.67% 8.65%

Fund Expense Ratio :

0.97%

Fund Expense Ratio :

0.97%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/09/1999
w/o sales charge -24.32% -19.49% 4.85% 3.21% 8.95% 11.47%
Lipper Category Avg. Small-Cap Core Funds -22.28% -17.54% 4.58% 3.47% 8.13% -
Russell 2000® Value Index -21.12% -17.69% 4.72% 2.87% 7.94% 8.02%

Fund Expense Ratio :

0.97%

Year Fund Returns Russell 2000® Value Index
2021 27.50% 28.27%
2020 8.54% 4.63%
2019 20.72% 22.39%
2018 -9.31% -12.86%
2017 7.51% 7.84%
2016 30.68% 31.74%
2015 2.06% -7.47%
2014 -0.22% 4.22%
2013 38.17% 34.52%
2012 18.71% 18.05%
2011 -9.69% -
2010 27.88% -
2009 33.66% -
2008 -39.48% -
2007 8.76% -
2006 21.05% -
2005 17.49% -
2004 25.32% -
2003 46.64% -
2002 -3.39% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -5.04% -16.50% -4.55% - -13.61%
2021 19.32% 3.81% -3.24% 6.38% 27.50%
2020 -42.23% 34.36% 0.83% 38.69% 8.54%
2019 11.56% 1.71% -3.32% 10.05% 20.72%
2018 0.42% 8.56% 1.78% -18.26% -9.31%
2017 -0.76% 1.67% 4.32% 2.13% 7.51%
2016 1.03% 7.58% 6.87% 12.50% 30.68%
2015 3.82% -0.77% -4.27% 3.49% 2.06%
2014 0.75% 2.73% -7.57% 4.29% -0.22%
2013 10.56% 3.34% 7.40% 12.59% 38.17%
2012 13.41% -5.38% 6.42% 3.95% 18.71%
2011 5.36% -2.40% -24.87% 16.89% -9.69%
2010 9.02% -6.15% 7.17% 16.63% 27.88%
2009 -10.44% 29.09% 14.61% 0.88% 33.66%
2008 -7.80% -5.84% -1.17% -29.47% -39.48%
2007 6.39% 8.23% -2.23% -3.39% 8.76%
2006 12.21% 1.88% -0.60% 6.53% 21.05%
2005 2.07% 0.58% 11.85% 2.32% 17.49%
2004 8.41% 3.62% -1.64% 13.42% 25.32%
2003 -7.96% 26.29% 9.55% 15.15% 46.64%
2002 14.26% 1.09% -17.93% 1.92% -3.39%
2001 3.60% 21.40% -13.51% 17.57% 27.89%
2000 6.00% 16.14% 8.48% 1.82% 35.98%
1999 - - - 11.58% 3.88%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 9/30/2022

  • 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 shares of Kontoor Brands, Inc., an American clothing company. The company has strong durable brands of Wrangler & Lee which are gaining strength in the denim market. We believe Wrangler & Lee had previously been underinvested in when under the VF Corporation umbrella and since the spin, have been gaining share and outgrowing the market. While there is likely to be some volatility in the wholesale channel over the short term, we believe we are being adequately compensated for the risk.
  • We also initiated a position in shares of Boot Barn Holdings, Inc., a lifestyle retail chain. This is a well-managed chain of specialty retail stores with sales consisting of western-style footwear/apparel and a higher-than-average mix of less discretionary workwear. We believe Boot has executed consistently and has a significant store count growth opportunity, supported by strong fundamentals.
  • We sold the Fund’s position in OUTFRONT Media Inc., which leases advertising space on out-of-home advertising structures and sites. Despite an attractive valuation, we believe OUTFRONT’s business model will be secularly pressured in a post-pandemic world and we exited the position in favor of what we believe to be more attractive investment opportunities.
  • We also sold the Fund’s position in Turning Point Brands Inc, a manufacturer, marketer and distributor of branded consumer products, including alternative smoking accessories and consumables with active ingredients. Our thesis became increasingly challenged due to a lack of strategic clarity and we exited our position. 

PORTFOLIO DETAILS as of 10/31/2022

Total Net Assets
$134.34 M
Number of Holdings
43
Weighted Average Market Cap.
3.5 B
P/B Ratio
2.0x
P/E Ratio
13.6x

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 11/30/2022

0.97%

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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