LMVWX | Focused Small Cap Value Fund Class R6 | 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 06/30/2021

Total Net Assets
$264.33 M
Inception Date
06/28/2019
Dividend Frequency
Annually
Fund Gross Expense Ratio
1.12%
Fund Net Expense Ratio
1.00%
Number of Holdings
49

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 23.87% 73.31% 10.61% 13.81% 11.82% -
Lipper Category Avg. Small-Cap Core Funds 20.63% 60.78% 10.84% 13.36% 10.79% -
Russell 2000® Value Index 26.69% 73.28% 10.27% 13.62% 10.85% -

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 23.87% 73.31% 10.61% 13.81% 11.82% -
Lipper Category Avg. Small-Cap Core Funds 20.63% 60.78% 10.84% 13.36% 10.79% -
Russell 2000® Value Index 26.69% 73.28% 10.27% 13.62% 10.85% -

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

Your Representative

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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 23.87% 73.31% 10.61% 13.81% 11.82% -
Lipper Category Avg. Small-Cap Core Funds 20.63% 60.78% 10.84% 13.36% 10.79% -
Russell 2000® Value Index 26.69% 73.28% 10.27% 13.62% 10.85% -

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 23.87% 73.31% 10.61% 13.81% 11.82% -
Lipper Category Avg. Small-Cap Core Funds 20.63% 60.78% 10.84% 13.36% 10.79% -
Russell 2000® Value Index 26.69% 73.28% 10.27% 13.62% 10.85% -

Fund Expense Ratio :

Gross 1.12%

Net 1.00%

Year Fund Returns Russell 2000® Value Index
2020 8.62% 4.63%
2019 20.85% 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 19.33% 3.80% - - 19.63%
2020 -42.24% 34.40% 0.88% 38.69% 8.62%
2019 11.58% 1.73% -3.29% 10.08% 20.85%
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 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 06/30/2021

Total Net Assets
$264.33 M
Number of Holdings
49
Weighted Average Market Cap.
2.4 B
P/B Ratio
2.4x
P/E Ratio
13.8x

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 06/30/2021

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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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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