Health Care Fund
Daily price w/o sales charge as of 01/26/2023
$17.60
$0.09
YTD Returns w/o sales charge as of 01/26/2023
1.15%
Overall Morningstar RatingsHealth
as of 12/31/2022
Morningstar rated the Lord Abbett Health Care Fund class A share 4 stars among 151 Health Funds for the overall rating and the 3 year periods ended 12/31/2022, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of companies within the health care sector.
Fund Basicsas of 12/30/2022
- Total Net Assets
- $6.95 M
- Inception Date
- 08/01/2019
- Dividend Frequency
- Monthly (Daily Accrual)
- Number of Holdings
- 67
- Minimum Initial Investment
- $1,500+
Expense Ratioas of 12/31/2022
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 02/28/2023. 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 Expense Ratio :
Gross 3.90%
Net 1.03%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
---|
w/o sales charge | -12.03% | -12.03% | 9.30% | - | - | 10.55% |
Lipper Category Avg. Health/Biotechnology Funds | -13.31% | -13.31% | 5.62% | - | - | - |
MSCI ACWI Health Care Index (Net) | -6.14% | -6.14% | 8.20% | - | - | 11.18% |
w/ sales charge | -17.10% | -17.10% | 7.16% | - | - | 8.65% |
Fund Expense Ratio :
Gross 3.90%
Net 1.03%
Fund Expense Ratio :
Gross 3.90%
Net 1.03%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
---|
w/o sales charge | -12.03% | -12.03% | 9.30% | - | - | 10.55% |
Lipper Category Avg. Health/Biotechnology Funds | -13.31% | -13.31% | 5.62% | - | - | - |
MSCI ACWI Health Care Index (Net) | -6.14% | -6.14% | 8.20% | - | - | 11.18% |
w/ sales charge | -17.10% | -17.10% | 7.16% | - | - | 8.65% |
Fund Expense Ratio :
Gross 3.90%
Net 1.03%
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.
Returns with sales charge reflect a maximum sales charge of 5.75%
INVESTMENT TEAM




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Performance
Performance
Fund Expense Ratio :
Gross 3.90%
Net 1.03%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
---|
w/o sales charge | -12.03% | -12.03% | 9.30% | - | - | 10.55% |
Lipper Category Avg. Health/Biotechnology Funds | -13.31% | -13.31% | 5.62% | - | - | - |
MSCI ACWI Health Care Index (Net) | -6.14% | -6.14% | 8.20% | - | - | 11.18% |
w/ sales charge | -17.10% | -17.10% | 7.16% | - | - | 8.65% |
Fund Expense Ratio :
Gross 3.90%
Net 1.03%
Fund Expense Ratio :
Gross 3.90%
Net 1.03%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/31/2019 |
---|
w/o sales charge | -12.03% | -12.03% | 9.30% | - | - | 10.55% |
Lipper Category Avg. Health/Biotechnology Funds | -13.31% | -13.31% | 5.62% | - | - | - |
MSCI ACWI Health Care Index (Net) | -6.14% | -6.14% | 8.20% | - | - | 11.18% |
w/ sales charge | -17.10% | -17.10% | 7.16% | - | - | 8.65% |
Fund Expense Ratio :
Gross 3.90%
Net 1.03%
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 ACWI Health Care Index (Net) |
---|
2022 | -12.03% | -6.14% |
2021 | 8.24% | 17.51% |
2020 | 37.13% | 14.87% |
2019 | 7.93% | 22.67% |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2023 | - | - | - | - | 1.15% |
2022 | -7.74% | -9.75% | -2.79% | 8.68% | -12.03% |
2021 | -1.73% | 7.14% | 0.39% | 2.41% | 8.24% |
2020 | -11.37% | 21.46% | 11.70% | 14.03% | 37.13% |
2019 | - | - | - | 16.14% | 7.93% |
NAV Historical Prices
Date | Net Asset Value |
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Portfolio
Portfolio
Portfolio Details as of 12/30/2022
- Total Net Assets
- $6.95 M
- Number of Holdings
- 67
- Weighted Average Market Cap.
- 105.6 B
- P/B Ratio
- 6.3x
- P/E Ratio
- 31.3x
To view definitions for the above Portfolio Details, Click here.
Holding | Sector | Assets |
---|
Merck & Co Inc | Health Care | 4.7% |
AstraZeneca PLC | Health Care | 4.5% |
Novo Nordisk A/S | Health Care | 4.5% |
Eli Lilly & Co | Health Care | 4.3% |
UnitedHealth Group Inc | Health Care | 3.8% |
Intuitive Surgical Inc | Health Care | 3.2% |
Danaher Corp | Health Care | 2.9% |
Vertex Pharmaceuticals Inc | Health Care | 2.5% |
Humana Inc | Health Care | 2.1% |
Thermo Fisher Scientific Inc | Health Care | 2.1% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Holding | Sector | Assets |
---|
Eli Lilly & Co | Health Care | 5.3% |
UnitedHealth Group Inc | Health Care | 5.2% |
AstraZeneca PLC | Health Care | 4.0% |
Merck & Co Inc | Health Care | 3.9% |
Thermo Fisher Scientific Inc | Health Care | 3.8% |
Novo Nordisk A/S | Health Care | 3.7% |
Pfizer Inc | Health Care | 3.4% |
Danaher Corp | Health Care | 3.2% |
Vertex Pharmaceuticals Inc | Health Care | 2.9% |
Roche Holding AG | Health Care | 2.5% |
Humana Inc | Health Care | 2.3% |
Abbott Laboratories | Health Care | 2.1% |
Karuna Therapeutics Inc | Health Care | 2.1% |
Zoetis Inc | Health Care | 2.0% |
Argenx SE | Health Care | 1.8% |
Ventyx Biosciences Inc | Health Care | 1.7% |
Centene Corp | Health Care | 1.7% |
Cytokinetics Inc | Health Care | 1.6% |
Dexcom Inc | Health Care | 1.5% |
Sarepta Therapeutics Inc | Health Care | 1.5% |
Shockwave Medical Inc | Health Care | 1.5% |
AmerisourceBergen Corp | Health Care | 1.4% |
Krystal Biotech Inc | Health Care | 1.4% |
Insulet Corp | Health Care | 1.4% |
Genmab A/S | Health Care | 1.4% |
BELLUS Health Inc | Health Care | 1.3% |
Agilent Technologies Inc | Health Care | 1.3% |
Daiichi Sankyo Co Ltd | Health Care | 1.3% |
Xenon Pharmaceuticals Inc | Health Care | 1.2% |
Repligen Corp | Health Care | 1.2% |
Lonza Group AG | Health Care | 1.2% |
Intra-Cellular Therapies Inc | Health Care | 1.2% |
Molina Healthcare Inc | Health Care | 1.1% |
Lantheus Holdings Inc | Health Care | 1.1% |
Stryker Corp | Health Care | 1.1% |
Neurocrine Biosciences Inc | Health Care | 1.1% |
Elevance Health Inc | Health Care | 1.0% |
Cooper Cos Inc/The | Health Care | 1.0% |
Intuitive Surgical Inc | Health Care | 1.0% |
Alcon Inc | Health Care | 1.0% |
Axonics Inc | Health Care | 0.9% |
Insmed Inc | Health Care | 0.9% |
Inspire Medical Systems Inc | Health Care | 0.9% |
Glaukos Corp | Health Care | 0.8% |
West Pharmaceutical Services Inc | Health Care | 0.8% |
Edwards Lifesciences Corp | Health Care | 0.8% |
iRhythm Technologies Inc | Health Care | 0.8% |
Pliant Therapeutics Inc | Health Care | 0.7% |
Tenet Healthcare Corp | Health Care | 0.7% |
Mirati Therapeutics Inc | Health Care | 0.7% |
Arcellx Inc | Health Care | 0.6% |
Rocket Pharmaceuticals Inc | Health Care | 0.6% |
PROCEPT BioRobotics Corp | Health Care | 0.6% |
Sartorius Stedim Biotech | Health Care | 0.6% |
Day One Biopharmaceuticals Inc | Health Care | 0.6% |
Merus NV | Health Care | 0.6% |
Regeneron Pharmaceuticals Inc | Health Care | 0.6% |
TransMedics Group Inc | Health Care | 0.6% |
Alnylam Pharmaceuticals Inc | Health Care | 0.6% |
Silk Road Medical Inc | Health Care | 0.6% |
Legend Biotech Corp | Health Care | 0.5% |
Biogen Inc | Health Care | 0.5% |
Natera Inc | Health Care | 0.5% |
Organon & Co | Health Care | 0.5% |
Bio-Rad Laboratories Inc | Health Care | 0.5% |
Inari Medical Inc | Health Care | 0.4% |
R1 RCM Inc | Health Care | 0.4% |
NGM Biopharmaceuticals Inc | Health Care | 0.3% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Attribution Analysis
Health Care Fund | Benchmark | Variance | |||||
---|---|---|---|---|---|---|---|
Sector | Avg. Weight | Base Return | Avg. Weight | Base Return | Stock Selection | Group Weight | Total |
The total base return displayed for the Fund does not capture daily cash flow and trading activity and therefore is subject to reasonable variance from the Fund's actual return. Please refer to Lord Abbett International Core Fund Performance Results for the Fund's longer-term returns. The Fund is actively managed and portfolio characteristics, such as individual holdings and sector weightings, may change significantly over time.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Contributors & Detractors as of 12/30/2022
Contributors
Holding | Contribution |
---|---|
Novo Nordisk A/S | 1.3% |
Merck & Co., Inc. | 1.1% |
AstraZeneca PLC | 0.8% |
Eli Lilly & Co. | 0.7% |
Dexcom, Inc. | 0.6% |
Detractors
Holding | Contribution |
---|---|
Shockwave Med Inc | -0.4% |
Lantheus Hldgs Inc | -0.3% |
Bellus Health Inc New | -0.3% |
Ngm Biopharmaceuticals | -0.3% |
Karuna Therapeutics Inc | -0.3% |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 01/26/2023
Sales Charge | Dealer's Concession | Prices at Breakpoint | |
---|---|---|---|
Less than $50,000 | 5.75% | 5.00% | $18.67 |
$50,000 to $99,999 | 4.75% | 4.00% | $18.48 |
$100,000 to $249,999 | 3.95% | 3.25% | $18.32 |
$250,000 to $499,999 | 2.75% | 2.25% | $18.10 |
$500,000 to $999,999 | 1.95% | 1.75% | $17.95 |
$1,000,000 to $5,000,000 | 0.00% | 1.00% | $17.60 |
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 12/31/2022
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 02/28/2023. 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
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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 Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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