International Equity Fund
Daily price w/o sales charge as of 05/29/2020
$11.89
$0.11
YTD Returns w/o sales charge as of 05/29/2020
-13.21%
Please click here for performance current to the most recent quarter-end and month-end.
Formerly known as the International Core Equity Fund.
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of international companies.
Fund Basicsas of 04/30/2020
- Total Net Assets
- $332.21 M
- Inception Date
- 12/31/2003
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 1.37%
- Number of Holdings
- 94
Fund Expense Ratio :
1.37%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2003 |
|---|
| w/o sales charge | -16.28% | -9.89% | -1.70% | -1.84% | 1.67% | 3.14% |
| Lipper Category Avg. International Multi-Cp Gro Fds | -14.05% | -6.47% | 2.03% | 1.73% | 4.51% | - |
| MSCI ACWI ex USA Index (Net) | -17.55% | -11.51% | -0.25% | -0.17% | 2.89% | 4.80% |
Fund Expense Ratio :
1.37%
Fund Expense Ratio :
1.37%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2003 |
|---|
| w/o sales charge | -21.90% | -13.59% | -3.02% | -2.44% | 0.80% | 2.72% |
| Lipper Category Avg. International Multi-Cp Gro Fds | -20.84% | -10.89% | 0.33% | 0.66% | 3.56% | - |
| MSCI ACWI ex USA Index (Net) | -23.36% | -15.57% | -1.96% | -0.64% | 2.05% | 4.35% |
Fund Expense Ratio :
1.37%
Returns with sales charges reflect a maximum sales charge of 5.75%.
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.
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Countryas of 04/30/2020View Portfolio
| Country | Assets |
|---|
| Japan | 14.9% |
| France | 9.4% |
| United Kingdom | 8.7% |
| Switzerland | 8.0% |
| Germany | 7.5% |
| China | 6.6% |
| Hong Kong | 4.5% |
| Denmark | 4.2% |
| Cayman Islands | 4.1% |
| Australia | 3.6% |
| Netherlands | 3.3% |
| Taiwan | 3.2% |
| Canada | 3.2% |
| Sweden | 2.8% |
| Republic of Korea | 2.8% |
| Belgium | 2.6% |
| United States | 1.6% |
| Russian Federation | 1.2% |
| Ireland | 1.2% |
| India | 1.2% |
| Spain | 1.0% |
| Singapore | 0.7% |
| Indonesia | 0.6% |
| Bermuda | 0.5% |
| Brazil | 0.0% |
Region classifications of countries are defined by Lord Abbett and may not be consistent with the MSCI region definitions. Country classifications of securities held within the universe of MSCI indexes are defined by MSCI. Country classifications of securities held by the portfolio only, and not included within the universe of MSCI indexes, are defined by Lord Abbett.
| Region | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Europe ex-U.K. |
1.4%
|
|
| Asia/Pacific |
 0.7%
|
|
| Japan |
0.2%
|
|
| Americas |
0.4%
|
|
| United Kingdom |
1.8%
|
|
| EMEA |
0.1%
|
|
| Cash |
1.1%
|
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 MSCI region definitions. Country classifications of securities held within the universe of MSCI indexes are defined by MSCI. Country classifications of securities held by the portfolio only, and not included within the universe of MSCI indexes, are defined by Lord Abbett.
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.3%
|
|
| Real Estate |
0.1%
|
|
| Utilities |
0.2%
|
|
| Consumer Discretionary |
0.3%
|
|
| Consumer Staples |
0.2%
|
|
| Energy |
0.9%
|
|
| Financials |
0.8%
|
|
| Health Care |
1.6%
|
|
| Industrials |
1.0%
|
|
| Information Technology |
0.1%
|
|
| Materials |
0.3%
|
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Performance
Performance
Fund Expense Ratio :
1.37%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2003 |
|---|
| w/o sales charge | -16.28% | -9.89% | -1.70% | -1.84% | 1.67% | 3.14% |
| Lipper Category Avg. International Multi-Cp Gro Fds | -14.05% | -6.47% | 2.03% | 1.73% | 4.51% | - |
| MSCI ACWI ex USA Index (Net) | -17.55% | -11.51% | -0.25% | -0.17% | 2.89% | 4.80% |
Fund Expense Ratio :
1.37%
Fund Expense Ratio :
1.37%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/31/2003 |
|---|
| w/o sales charge | -21.90% | -13.59% | -3.02% | -2.44% | 0.80% | 2.72% |
| Lipper Category Avg. International Multi-Cp Gro Fds | -20.84% | -10.89% | 0.33% | 0.66% | 3.56% | - |
| MSCI ACWI ex USA Index (Net) | -23.36% | -15.57% | -1.96% | -0.64% | 2.05% | 4.35% |
Fund Expense Ratio :
1.37%
Returns with sales charges reflect a maximum sales charge of 5.75%.
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 ex USA Index (Net) |
|---|
| 2019 | 21.17% | 21.51% |
| 2018 | -18.42% | -14.20% |
| 2017 | 24.84% | 27.19% |
| 2016 | -2.00% | 4.50% |
| 2015 | -2.92% | -5.66% |
| 2014 | -9.53% | -3.87% |
| 2013 | 22.21% | 15.29% |
| 2012 | 14.44% | 16.83% |
| 2011 | -12.28% | -13.71% |
| 2010 | 6.33% | 11.15% |
| 2009 | 33.19% | - |
| 2008 | -42.72% | - |
| 2007 | 13.60% | - |
| 2006 | 23.50% | - |
| 2005 | 17.11% | - |
| 2004 | 13.99% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2020 | -21.90% | - | - | - | -13.21% |
| 2019 | 9.52% | 4.39% | -2.52% | 8.73% | 21.17% |
| 2018 | -1.12% | -5.16% | 0.30% | -13.27% | -18.42% |
| 2017 | 5.66% | 5.28% | 7.40% | 4.49% | 24.84% |
| 2016 | -2.97% | -2.97% | 7.00% | -2.72% | -2.00% |
| 2015 | 3.72% | -0.38% | -8.95% | 3.20% | -2.92% |
| 2014 | -1.92% | 3.91% | -6.13% | -5.44% | -9.53% |
| 2013 | 3.92% | -0.49% | 10.63% | 6.83% | 22.21% |
| 2012 | 11.08% | -7.74% | 6.06% | 5.29% | 14.44% |
| 2011 | 4.37% | 1.66% | -20.05% | 3.41% | -12.28% |
| 2010 | -0.09% | -14.93% | 18.16% | 5.87% | 6.33% |
| 2009 | -13.66% | 28.32% | 20.73% | -0.42% | 33.19% |
| 2008 | -10.01% | -1.85% | -20.64% | -18.28% | -42.72% |
| 2007 | 3.47% | 8.16% | 3.10% | -1.55% | 13.60% |
| 2006 | 9.19% | -2.57% | 4.57% | 11.02% | 23.50% |
| 2005 | 0.35% | 0.17% | 8.94% | 6.94% | 17.11% |
| 2004 | 1.08% | -1.07% | -0.69% | 14.78% | 13.99% |
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 |
|---|
Portfolio
Portfolio
Countryas of 04/30/2020
| Country | Assets |
|---|
| Japan | 14.9% |
| France | 9.4% |
| United Kingdom | 8.7% |
| Switzerland | 8.0% |
| Germany | 7.5% |
| China | 6.6% |
| Hong Kong | 4.5% |
| Denmark | 4.2% |
| Cayman Islands | 4.1% |
| Australia | 3.6% |
| Netherlands | 3.3% |
| Taiwan | 3.2% |
| Canada | 3.2% |
| Sweden | 2.8% |
| Republic of Korea | 2.8% |
| Belgium | 2.6% |
| United States | 1.6% |
| Russian Federation | 1.2% |
| Ireland | 1.2% |
| India | 1.2% |
| Spain | 1.0% |
| Singapore | 0.7% |
| Indonesia | 0.6% |
| Bermuda | 0.5% |
| Brazil | 0.0% |
Region classifications of countries are defined by Lord Abbett and may not be consistent with the MSCI region definitions. Country classifications of securities held within the universe of MSCI indexes are defined by MSCI. Country classifications of securities held by the portfolio only, and not included within the universe of MSCI indexes, are defined by Lord Abbett.
| Region | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Europe ex-U.K. |
1.4%
|
|
| Asia/Pacific |
0.7%
|
|
| Japan |
0.2%
|
|
| Americas |
0.4%
|
|
| United Kingdom |
1.8%
|
|
| EMEA |
0.1%
|
|
| Cash |
1.1%
|
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 MSCI region definitions. Country classifications of securities held within the universe of MSCI indexes are defined by MSCI. Country classifications of securities held by the portfolio only, and not included within the universe of MSCI indexes, are defined by Lord Abbett.
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.3%
|
|
| Real Estate |
0.1%
|
|
| Utilities |
0.2%
|
|
| Consumer Discretionary |
0.3%
|
|
| Consumer Staples |
0.2%
|
|
| Energy |
0.9%
|
|
| Financials |
0.8%
|
|
| Health Care |
1.6%
|
|
| Industrials |
1.0%
|
|
| Information Technology |
0.1%
|
|
| Materials |
0.3%
|
Portfolio Details as of 04/30/2020
- Weighted Average Market Cap.
- 108.4 B
- P/E Ratio
- 16.3x
- P/B Ratio
- 2.1x
- Portfolio Turnover Ratio as of 10/31/2019
- 88.2%
- Number of Holdings
- 94
- Total Net Assets
- $332.21 M
To view definitions for the above Portfolio Details, Click here.
Market Capitalization Breakdown - Morningstar separates stock portfolio holdings into five market-capitalization groups: Giant, Large, Mid, Small, and Micro. Of the 5000 largest domestic stocks in their equities database, the top 1% are categorized as Giant, the next 4% are Large, the next 15% are Mid, the next 30% are Small, and the remaining 50% are Micro. Stocks outside of the largest 5000 are also classified as Micro.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
| Holding | Sector | Assets |
|---|
| Alibaba Group Holding Ltd. | Consumer Discretionary | 3.2% |
| Tencent Holdings Ltd. | Communication Services | 2.9% |
| Samsung Electronics Co., Ltd. | Information Technology | 2.2% |
| Nestle S.A. | Consumer Staples | 2.1% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Information Technology | 2.0% |
| Sony Corp. | Consumer Discretionary | 2.0% |
| AIA Group Ltd. | Financials | 1.9% |
| Toyota Motor Corp. | Consumer Discretionary | 1.9% |
| Lonza Group AG | Health Care | 1.8% |
| Roche Holding Ltd. AG | Health Care | 1.8% |
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 |
|---|
| Alibaba Group Holding Ltd. | Consumer Discretionary | 3.4% |
| Tencent Holdings Ltd. | Communication Services | 2.8% |
| Nestle S.A. | Consumer Staples | 2.8% |
| Samsung Electronics Co., Ltd. | Information Technology | 2.2% |
| AIA Group Ltd. | Financials | 2.2% |
| Taiwan Semiconductor Manufacturing Co., Ltd. | Information Technology | 2.1% |
| Toyota Motor Corp. | Consumer Discretionary | 2.1% |
| Sony Corp. | Consumer Discretionary | 2.1% |
| Lonza Group AG | Health Care | 2.1% |
| LVMH Moet Hennessy Louis Vuitton SA | Consumer Discretionary | 1.8% |
| SAP AG | Information Technology | 1.7% |
| Ping An Insurance Group Co. of China Ltd. | Financials | 1.7% |
| Novo Nordisk A/S | Health Care | 1.6% |
| Roche Holding Ltd. AG | Health Care | 1.6% |
| Hoya Corp | Health Care | 1.6% |
| AstraZeneca plc | Health Care | 1.5% |
| Air Liquide SA | Materials | 1.5% |
| Murata Manufacturing Co. Ltd. | Information Technology | 1.5% |
| Allianz AG | Financials | 1.5% |
| ASML Holding NV | Information Technology | 1.5% |
| Vinci S.A. | Industrials | 1.4% |
| L'Oreal SA | Consumer Staples | 1.3% |
| China Construction Bank Corp. | Financials | 1.3% |
| BHP Billiton Ltd. | Materials | 1.3% |
| Hong Kong Exchanges & Clearing Ltd | Financials | 1.3% |
| London Stock Exchange Group plc | Financials | 1.3% |
| National Grid plc | Utilities | 1.3% |
| Daikin Industries Ltd | Industrials | 1.2% |
| CRH PLC | Materials | 1.2% |
| UCB SA | Health Care | 1.2% |
| Logan Property Holdings Co Ltd | Real Estate | 1.1% |
| Reed Elsevier plc | Industrials | 1.1% |
| Genmab A/S | Health Care | 1.1% |
| Carlsberg A/S | Consumer Staples | 1.1% |
| Lukoil OAO | Energy | 1.1% |
| Fidelity National Information Services, Inc. | Information Technology | 1.1% |
| Assa Abloy AB | Industrials | 1.1% |
| Nidec Corp. | Industrials | 1.1% |
| Iberdrola SA | Utilities | 1.1% |
| Novartis AG Registered Shares | Health Care | 1.1% |
| Airtac International Group | Industrials | 1.0% |
| Zurich Financial Services AG | Financials | 1.0% |
| Akzo Nobel NV | Materials | 1.0% |
| Pernod Ricard S.A. | Consumer Staples | 1.0% |
| GDS Holdings Ltd | Information Technology | 1.0% |
| Cie Generale des Etablissements Michelin | Consumer Discretionary | 1.0% |
| Stroeer SE & Co KGaA | Communication Services | 1.0% |
| ITOCHU Corp. | Industrials | 0.9% |
| Anglo American plc | Materials | 0.9% |
| Secom Co., Ltd. | Industrials | 0.9% |
| Unilever N.V. | Consumer Staples | 0.9% |
| Sandvik AB | Industrials | 0.9% |
| KBC Group NV | Financials | 0.9% |
| Deutsche Post AG | Industrials | 0.9% |
| Deutsche Annington Immobilien SE | Real Estate | 0.9% |
| Total S.A. | Energy | 0.9% |
| Kerry Properties Ltd. | Real Estate | 0.9% |
| Symrise GmbH & Co. AG | Materials | 0.8% |
| Alimentation Couche-Tard, Inc. | Consumer Staples | 0.8% |
| TDK Corp | Information Technology | 0.8% |
| Intertek Group plc | Industrials | 0.8% |
| Volkswagen AG | Consumer Discretionary | 0.8% |
| Macquarie Group Ltd. | Financials | 0.8% |
| CSL Ltd. | Health Care | 0.8% |
| Asahi Group Holdings Ltd. | Consumer Staples | 0.8% |
| Pembina Pipeline Income Fund | Energy | 0.8% |
| United Overseas Bank Ltd. | Financials | 0.7% |
| Accenture Ltd. | Information Technology | 0.7% |
| Bank Rakyat Indonesia Persero Tbk PT | Financials | 0.6% |
| ICICI Bank Ltd. | Financials | 0.6% |
| Sanofi | Health Care | 0.6% |
| LG Household & Health Care Ltd | Consumer Staples | 0.6% |
| CAE Inc | Industrials | 0.5% |
| Hitachi Ltd. | Information Technology | 0.5% |
| HDFC Bank Ltd. | Financials | 0.5% |
| Intesa Sanpaolo SpA | Financials | 0.5% |
| Tokio Marine Holdings, Inc. | Financials | 0.5% |
| Credicorp Ltd | Financials | 0.4% |
| Lundin Mining Corp. | Materials | 0.4% |
| Atlas Copco AB | Industrials | 0.4% |
| Adidas AG | Consumer Discretionary | 0.4% |
| Safran S.A. | Industrials | 0.4% |
| Intact Financial Corp | Financials | 0.4% |
| DSV PANALPINA A/S | Industrials | 0.3% |
| Keyence Corp. | Information Technology | 0.3% |
| Fast Retailing Co Ltd | Consumer Discretionary | 0.3% |
| Grupo Financiero Banorte SAB de CV | Financials | 0.3% |
| Dassault Systemes SE | Information Technology | 0.2% |
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.
Contributors & Detractors as of 03/31/2020
Contributors
| Holding | Contribution |
|---|---|
| Zurich Financial Services AG | 0.1% |
| Lonza Group AG | 0.1% |
| Total S.A. | 0.0% |
| Atlas Copco Ab | 0.0% |
| Gds Hldgs Ltd | 0.0% |
Detractors
| Holding | Contribution |
|---|---|
| ICICI Bank Ltd. | -0.7% |
| AXA S.A. | -0.6% |
| Macquarie Group Ltd. | -0.5% |
| Oil Company Lukoil Pjsc | -0.5% |
| Cae Inds Inc | -0.5% |
% Contribution reflects the effect of the individual stock's performance on the Fund's overall performance for the period. Individual holdings and their effect on Fund performance may change significantly over time. Investors should consider the overall performance of the Fund before making a decision on whether or not to invest in the Fund.
Attribution Analysis
| International Equity 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.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
Dividend Payments
- YTD Dividends Paidas of 05/29/2020
- $0
- Dividend Frequency
- Annually
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 12/17/2019 | 12/18/2019 | 12/18/2019 | $0.17270 | $13.61 |
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 |
|---|---|---|
| 12/17/2020 | 12/18/2020 | 12/18/2020 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 12/17/2007 | 12/18/2007 | $0.1644 | $1.3663 | $1.5307 | $15.07 |
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.
Upcoming Capital Gain Distribution
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 |
|---|---|
| 12/17/2020 | 12/18/2020 |
Fees & Expenses
Fees & Expenses
Expense Ratioas of 04/30/2020
| 1.37% |
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 02/28/2021. 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
Download fund documents & literature, create email subscriptions, and place direct mail order
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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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Prospectus (XBRL)
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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Commentary
Publish Date:11/03/2015
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