Global Equity Fund
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Effective November 1, 2021 the Lord Abbett Global Equity Research Fund changed its name to Lord Abbett Global Equity Fund. There was no change to the Fund's investment strategy.
Daily price w/o sales charge as of 07/26/2024
$16.13
$0.17
YTD Returns w/o sales charge as of 07/26/2024
13.51%
Overall Morningstar RatingsGlobal Large-Stock Blend
as of 06/30/2024
Morningstar rated the Lord Abbett Global Equity Fund class A share 3 and 5 stars among 329 and 299 Global Large-Stock Blend Funds for the overall rating and the 3 and 5 year periods ended 6/30/2024, respectively.
Summary
Summary
The Fund seeks long-term growth of capital by investing in stocks of both U.S. and non-U.S. companies.
Fund Basicsas of 06/28/2024
- Total Net Assets
- $29.34 M
- Inception Date
- 01/19/2017
- Dividend Frequency
- Annually
- Fund Gross Expense Ratio
- 2.55%
- Fund Net Expense Ratio
- 0.90%
- Number of Holdings
- 86
- Minimum Initial Investment
- $1,500+
Fund Expense Ratio :
Gross 2.55%
Net 0.90%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/18/2017 |
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w/o sales charge | 13.30% | 24.03% | 5.85% | 12.44% | - | 11.47% |
Lipper Category Avg. Global Multi-Cap Growth Fds | 10.41% | 18.57% | 0.46% | 10.05% | - | - |
MSCI All Country World Index - Net | 11.30% | 19.37% | 5.43% | 10.76% | - | 10.67% |
w/ sales charge | 6.76% | 16.89% | 3.78% | 11.11% | - | 10.58% |
Fund Expense Ratio :
Gross 2.55%
Net 0.90%
Fund Expense Ratio :
Gross 2.55%
Net 0.90%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/18/2017 |
---|
w/o sales charge | 13.30% | 24.03% | 5.85% | 12.44% | - | 11.47% |
Lipper Category Avg. Global Multi-Cap Growth Fds | 10.41% | 18.57% | 0.46% | 10.05% | - | - |
MSCI All Country World Index - Net | 11.30% | 19.37% | 5.43% | 10.76% | - | 10.67% |
w/ sales charge | 6.76% | 16.89% | 3.78% | 11.11% | - | 10.58% |
Fund Expense Ratio :
Gross 2.55%
Net 0.90%
INVESTMENT TEAM
![Ryan C. Howard Ryan C. Howard](/content/dam/shared-assets/biographies/howard-ryan/headshot/Howard-Ryan_headshot.jpg)
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Performance
Performance
Fund Expense Ratio :
Gross 2.55%
Net 0.90%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/18/2017 |
---|
w/o sales charge | 13.30% | 24.03% | 5.85% | 12.44% | - | 11.47% |
Lipper Category Avg. Global Multi-Cap Growth Fds | 10.41% | 18.57% | 0.46% | 10.05% | - | - |
MSCI All Country World Index - Net | 11.30% | 19.37% | 5.43% | 10.76% | - | 10.67% |
w/ sales charge | 6.76% | 16.89% | 3.78% | 11.11% | - | 10.58% |
Fund Expense Ratio :
Gross 2.55%
Net 0.90%
Fund Expense Ratio :
Gross 2.55%
Net 0.90%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/18/2017 |
---|
w/o sales charge | 13.30% | 24.03% | 5.85% | 12.44% | - | 11.47% |
Lipper Category Avg. Global Multi-Cap Growth Fds | 10.41% | 18.57% | 0.46% | 10.05% | - | - |
MSCI All Country World Index - Net | 11.30% | 19.37% | 5.43% | 10.76% | - | 10.67% |
w/ sales charge | 6.76% | 16.89% | 3.78% | 11.11% | - | 10.58% |
Fund Expense Ratio :
Gross 2.55%
Net 0.90%
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
Year | Fund Returns | MSCI All Country World Index - Net |
---|
2023 | 23.21% | 22.20% |
2022 | -19.03% | -18.37% |
2021 | 17.91% | 18.54% |
2020 | 23.57% | 16.26% |
2019 | 26.22% | 26.60% |
2018 | -9.47% | -9.42% |
Year | Q1 | Q2 | Q3 | Q4 |
---|
2024 | 10.77% | 2.29% | - | - |
2023 | 6.79% | 5.39% | -3.21% | 13.10% |
2022 | -7.05% | -15.63% | -4.59% | 8.22% |
2021 | 4.69% | 7.36% | -2.80% | 7.93% |
2020 | -21.78% | 21.84% | 9.18% | 18.77% |
2019 | 12.87% | 2.46% | -0.09% | 9.23% |
2018 | 1.42% | -0.26% | 4.47% | -14.33% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV Historical Prices
Date | Net Asset Value |
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Portfolio
Portfolio
Countryas of 06/28/2024
Country | Assets |
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United States | 55.1% |
United Kingdom | 7.5% |
Japan | 4.7% |
Cash | 4.0% |
France | 3.3% |
Taiwan | 3.3% |
Denmark | 2.9% |
China | 1.9% |
Republic of Korea | 1.8% |
Austria | 1.7% |
Canada | 1.6% |
Australia | 1.5% |
Netherlands | 1.5% |
Hong Kong | 1.3% |
Ireland | 1.1% |
Mexico | 1.1% |
Spain | 1.0% |
Germany | 1.0% |
Cayman Islands | 0.9% |
Panama | 0.9% |
India | 0.9% |
Luxembourg | 0.8% |
Region classifications of countries are defined by Lord Abbett and may not be consistent with the S&P region definitions. Country classifications of securities held within the universe of S&P indexes are defined by S&P. Country classifications of securities held by the portfolio only, and not included within the universe of S&P indexes, are defined by Lord Abbett.
Region | Weighting | Fund Change from Previous Quarter |
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Americas |
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Europe ex-U.K. |
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Asia/Pacific |
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United Kingdom |
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Japan |
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Cash |
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Regional Allocation source: Lord Abbett and Bloomberg. Sector Breakdown source: Wilshire. Region classifications of countries are defined by Lord Abbett and may not be consistent with the S&P region definitions. Country classifications of securities held within the universe of S&P indexes are defined by S&P. Country classifications of securities held by the portfolio only, and not included within the universe of S&P indexes, are defined by Lord Abbett.
Sector | Weighting | Fund Change from Previous Quarter |
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Sector | Weighting | Fund Change from Previous Quarter |
---|---|---|
Communication Services |
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Real Estate |
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Utilities |
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Consumer Discretionary |
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Consumer Staples |
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Energy |
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Financials |
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Health Care |
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Industrials |
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Information Technology |
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Materials |
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PORTFOLIO POSITIONING
as of 06/30/2024
- We still place most of our focus on individual companies and key themes we derive from intensive company research. The semiconductor industry is showing signs of recovery, which is particularly beneficial for non-U.S. companies. After a challenging 2023, marked by inventory adjustments and reduced consumer electronics demand, 2024 promises a rebound, especially for North Asian firms central to the PC and smartphone supply chains. Factors like chip restocking, a revival in electronics markets, and sustained demand for AI chips fuel this optimism. Chipmakers with sufficient scale and a global footprint are well-positioned to benefit from these trends, in our view, thanks to their investment in research and specialized manufacturing.
- We remain excited about the scope for change in Japan. Following years of deflation/low inflation, Japan is experiencing its strongest bout of inflation in 30 years. Rising wages and consumer prices, coupled with a significantly weaker yen, provide hope that Japan can change its nominal growth rate. In addition, over 40% of the companies listed in the benchmark Japanese index, the TOPIX 500, were trading below book value versus less than 5% in the U.S. benchmark, the S&P 500® index. Many of these companies have been asked by the Tokyo Stock Exchange to share their plans to raise profitability and returns. Another potential tailwind is that many Japanese companies continue to hoard cash, with net cash positions on their balance sheets, and Japanese households, who hold 50% of their financial assets in cash and equivalents, have not yet moved out of cash into stocks and bonds.
- There is also growing optimism for a resurgence in global small-cap stocks. In 2023, these stocks underperformed compared to large-cap stocks, creating a significant valuation gap. The convergence of favorable factors, including potential changes in global central bank policies, suggests a bright future for small caps in 2024. Rate cuts in response to easing inflation could lower borrowing costs for small-cap companies, encouraging growth. Additionally, the potential for increased merger and acquisition activity is high, as lower funding costs could drive larger companies to acquire high-growth small-cap firms.
- We believe that quality metrics, such as strong return on equity, free cash flow, and prudent balance sheet management, paired with long-term competitive advantages and pricing power, will prove to be key factors allowing companies to outperform.
Holding | Sector | Assets |
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NVIDIA Corp | Information Technology | 5.7% |
Alphabet Inc | Communication Services | 4.7% |
Microsoft Corp | Information Technology | 4.4% |
Amazon.com Inc | Consumer Discretionary | 3.6% |
Meta Platforms Inc | Communication Services | 3.3% |
Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 2.8% |
Novo Nordisk A/S | Health Care | 2.1% |
Shell PLC | Energy | 2.0% |
JPMorgan Chase & Co | Financials | 1.8% |
Visa Inc | Financials | 1.8% |
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
Dividend Payments
- YTD Dividends Paidas of 07/26/2024
- $0
- Dividend Frequency
- Annually
Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
---|---|---|---|---|
12/18/2023 | 12/19/2023 | 12/19/2023 | $0.11870 | $14.11 |
Upcoming Dividend Payment Dates
This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
Record Date | Ex-Dividend Date | Reinvest & Payable Date |
---|---|---|
12/16/2024 | 12/17/2024 | 12/17/2024 |
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
12/16/2021 | 12/17/2021 | $0.9423 | $1.2338 | $2.1761 | $13.96 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 07/26/2024
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $50,000 | 5.75% | 5.00% | $17.11 |
$50,000 to $99,999 | 4.75% | 4.00% | $16.93 |
$100,000 to $249,999 | 3.95% | 3.25% | $16.79 |
$250,000 to $499,999 | 2.75% | 2.25% | $16.59 |
$500,000 to $999,999 | 1.95% | 1.75% | $16.45 |
$1,000,000 to $5,000,000 | 0.00% | 1.00% | $16.13 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.
EXPENSE RATIOas of 06/30/2024
Fund Gross Expense Ratio | 2.55% |
Fund Net Expense Ratio | 0.90% |
Adjusted Expense Ratio | - |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 02/28/2025. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.
Fund Documents
Fund Documents
0Documents selected
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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