LFSRX | Focused Small Cap Value Fund Class R3 | 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 12/31/2020

Total Net Assets
$165.16 M
Inception Date
Dividend Frequency
-
Number of Holdings
48

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 32 Investment Professionals with 19 Years Avg. Industry Experience

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Performance

Performance

Portfolio

Portfolio

Portfolio Positioningas of 09/30/2020

  • 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 Sunstone Hotel Investors, Inc., a lodging REIT that owns a portfolio of 20 high quality hotels. We believe that despite the hotel industry facing significant headwinds due to COVID-19, that Sunstone’s balance sheet is strong and the current valuation presented an opportunity.
  • We also initiated a position in shares of Flagstar Bancorp, Inc., a bank-based mortgage financing company. We believe Flagstar is well-positioned to take advantage of the secular growth in the U.S. housing market and the low mortgage financing supply.
  • We sold the Fund’s position in Thor Industries, Inc., a recreational vehicles manufacturer. While fundamentals remain strong for Thor, we have been reducing our exposure to the leisure products theme given the significant share price appreciation and the availability of more attractive alternatives.
  • We also sold the Fund’s position in shares of Ally Financial, Inc., a consumer lender, given the significant price appreciation and the availability of more attractive alternatives. 

PORTFOLIO DETAILS as of 12/31/2020

Total Net Assets
$165.16 M
Number of Holdings
48
Weighted Average Market Cap.
3.1 B
P/B Ratio
2.1x
Portfolio Turnover Ratio as of 10/31/2019
135.0%
P/E Ratio
16.8x

Fees & Expenses

Fees & Expenses

Portfolio Positioningas of 09/30/2019

  • The portfolio 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 Spectrum Brands, Inc., a global consumer products company. The company recently finished pruning its portfolio of products into a cohesive set of offerings. We believe the share price is inexpensive and the company’s value will soon begin to be recognized.
  • We purchased shares of Comfort Systems USA, Inc., a high quality engineering and construction firm with a focus on HVAC and plumbing systems for the non-residential construction market. We believe the company has produced very strong results through multiple business cycles and given its largely labor-based model, free cash flow generation has been extremely robust and consistent.
  • We sold the portfolio’s position in Milacron Holdings Corp., a plastic manufacturer, after it was announced that the company was being acquired by Hillenbrand, Inc. We sold the portfolio’s position in Beacon Roofing Supply, Inc., a roofing materials distributor, consistent with our sell discipline given more attractive opportunities.

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
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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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