LMVUX | Focused Small Cap Value Fund Class R4 | 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 08/31/2021

Total Net Assets
$212.87 M
Inception Date
Dividend Frequency
-
Number of Holdings
49

INVESTMENT TEAM

John C. Hardy
John C. Hardy

Portfolio Manager

17 Years of Industry Experience

Supported By 34 Investment Professionals with 18 Years Avg. Industry Experience

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Performance

Performance

Portfolio

Portfolio

Portfolio Positioningas of 06/30/2021

  • 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 Valaris Ltd., an offshore driller. Valaris has recently emerged from bankruptcy with a cleaner balance sheet but is trading at a fraction of the pre-bankruptcy asset value. We believe there will be a recovery in the pandemic induced energy capital expenditures which will translate to improved earnings and free cash flow for the company.
  • We also initiated a position in shares of GrafTech International Ltd., manufacturer of graphite electrodes for the growing electric arc furnace (EAF) industry. EAF steel production is a low cost way of taking scrap steel and melting it down to make new steel. This kind of production has steadily gained share from integrated steel makers due to a its lower costs and significantly lower greenhouse gas emissions. We believe that Graftech is uniquely positioned within the industry and has a superior cost structure over the rest of the industry.
  • We sold the Fund’s position in Ichor Holdings Ltd., a semiconductor company, after a period of outperformance in favor of more attractive investment opportunities consistent with our normalized free cash flow methodology.
  • We sold the Fund’s position in Caesars Entertainment Inc., a casino management company, after a period of outperformance leading to too large of a market capitalization for the Fund.  

PORTFOLIO DETAILS as of 08/31/2021

Total Net Assets
$212.87 M
Number of Holdings
49
Weighted Average Market Cap.
2.7 B
P/B Ratio
2.3x
P/E Ratio
11.9x

Fees & Expenses

Fees & Expenses

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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