LICAX | International Equity Fund Class A | Lord Abbett
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International Equity Fund

Summary

Summary

What is the International Equity Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of international companies.

Fund Basicsas of 12/31/2020

Total Net Assets
$430.22 M
Inception Date
12/31/2003
Dividend Frequency
Annually
Number of Holdings
102
Minimum Initial Investment
$1,500+

Expense Ratioas of 12/31/2020

Fund Expense Ratio :

1.17%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge 16.87% 16.87% 5.09% 7.35% 4.44% 5.19%
Lipper Category Avg. International Large-Cp Gro Fds 21.21% 21.21% 9.65% 10.50% 6.65% -
MSCI ACWI ex USA Index (Net) 10.65% 10.65% 4.88% 8.93% 4.92% 6.43%
w/ sales charge 10.19% 10.19% 3.04% 6.08% 3.83% 4.82%

Fund Expense Ratio :

1.17%

Fund Expense Ratio :

1.17%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge 16.87% 16.87% 5.09% 7.35% 4.44% 5.19%
Lipper Category Avg. International Large-Cp Gro Fds 21.21% 21.21% 9.65% 10.50% 6.65% -
MSCI ACWI ex USA Index (Net) 10.65% 10.65% 4.88% 8.93% 4.92% 6.43%
w/ sales charge 10.19% 10.19% 3.04% 6.08% 3.83% 4.82%

Fund Expense Ratio :

1.17%

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Countryas of 12/31/2020View Portfolio

Country Assets
Japan 15.4%
France 10.6%
China 7.8%
Germany 7.1%
United Kingdom 7.0%
Switzerland 6.5%
Denmark 4.9%
Hong Kong 4.2%
Canada 4.0%
Taiwan 3.8%
Australia 3.2%
Netherlands 3.1%
Spain 3.0%
Republic of Korea 2.7%
Sweden 2.5%
Belgium 2.5%
India 1.7%
Cayman Islands 1.4%
Ireland 1.3%
Mexico 1.1%
Norway 0.9%
Italy 0.8%
Indonesia 0.8%
Brazil 0.6%
United States 0.6%
Austria 0.6%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp0.8%
Asia/Pacific arrowDown0.6%
Japan arrowDown0.4%
Americas arrowUp1.3%
United Kingdom 0.0%
Cash arrowDown0.4%

INVESTMENT TEAM

Matthias A. Knerr
Matthias A. Knerr, CFA

Portfolio Manager

25 Years of Industry Experience

Sue Kim
Sue Kim

Director of Global & Emerging Market Equities

20 Years of Industry Experience

Todd D. Jacobson
Todd D. Jacobson, CFA

Partner & Portfolio Manager

32 Years of Industry Experience

Supported By 31 Investment Professionals with 19 Years Avg. Industry Experience

YOUR REPRESENTATIVE

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

1.17%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge 16.87% 16.87% 5.09% 7.35% 4.44% 5.19%
Lipper Category Avg. International Large-Cp Gro Fds 21.21% 21.21% 9.65% 10.50% 6.65% -
MSCI ACWI ex USA Index (Net) 10.65% 10.65% 4.88% 8.93% 4.92% 6.43%
w/ sales charge 10.19% 10.19% 3.04% 6.08% 3.83% 4.82%

Fund Expense Ratio :

1.17%

Fund Expense Ratio :

1.17%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2003
w/o sales charge 16.87% 16.87% 5.09% 7.35% 4.44% 5.19%
Lipper Category Avg. International Large-Cp Gro Fds 21.21% 21.21% 9.65% 10.50% 6.65% -
MSCI ACWI ex USA Index (Net) 10.65% 10.65% 4.88% 8.93% 4.92% 6.43%
w/ sales charge 10.19% 10.19% 3.04% 6.08% 3.83% 4.82%

Fund Expense Ratio :

1.17%

Year Fund Returns MSCI ACWI ex USA Index (Net)
2020 16.87% 10.65%
2019 21.43% 21.51%
2018 -18.22% -14.20%
2017 25.11% 27.19%
2016 -1.83% 4.50%
2015 -2.74% -5.66%
2014 -9.46% -3.87%
2013 22.29% 15.29%
2012 14.64% 16.83%
2011 -12.22% -13.71%
2010 6.51% -
2009 33.21% -
2008 -42.63% -
2007 13.66% -
2006 23.71% -
2005 17.09% -
2004 14.17% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - 2.59%
2020 -21.86% 18.15% 7.92% 17.30% 16.87%
2019 9.54% 4.47% -2.52% 8.86% 21.43%
2018 -1.05% -5.10% 0.30% -13.17% -18.22%
2017 5.76% 5.36% 7.40% 4.54% 25.11%
2016 -2.89% -2.97% 7.09% -2.72% -1.83%
2015 3.72% -0.31% -8.88% 3.23% -2.74%
2014 -1.91% 3.90% -6.12% -5.37% -9.46%
2013 3.91% -0.49% 10.69% 6.84% 22.29%
2012 11.15% -7.72% 6.13% 5.31% 14.64%
2011 4.34% 1.73% -20.06% 3.45% -12.22%
2010 0.00% -14.93% 18.26% 5.87% 6.51%
2009 -13.70% 28.44% 20.70% -0.43% 33.21%
2008 -9.96% -1.84% -20.59% -18.26% -42.63%
2007 3.47% 8.15% 3.16% -1.54% 13.66%
2006 9.27% -2.50% 4.49% 11.13% 23.71%
2005 0.26% 0.26% 8.93% 6.93% 17.09%
2004 1.08% -0.97% -0.69% 14.85% 14.17%

Growth of $10,000 as of 12/31/2020

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Countryas of 12/31/2020

Country Assets
Japan 15.4%
France 10.6%
China 7.8%
Germany 7.1%
United Kingdom 7.0%
Switzerland 6.5%
Denmark 4.9%
Hong Kong 4.2%
Canada 4.0%
Taiwan 3.8%
Australia 3.2%
Netherlands 3.1%
Spain 3.0%
Republic of Korea 2.7%
Sweden 2.5%
Belgium 2.5%
India 1.7%
Cayman Islands 1.4%
Ireland 1.3%
Mexico 1.1%
Norway 0.9%
Italy 0.8%
Indonesia 0.8%
Brazil 0.6%
United States 0.6%
Austria 0.6%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp0.8%
Asia/Pacific arrowDown0.6%
Japan arrowDown0.4%
Americas arrowUp1.3%
United Kingdom 0.0%
Cash arrowDown0.4%

Portfolio Positioningas of 09/30/2020

  • The Fund continues to have a large overweight in the information technology and industrials sectors. The portfolio is positioned to benefit from the launch of 5G wireless devices and services, continued digital business transformation, the growth in e-commerce, and investments in factory automation.
  • We decreased the Fund’s allocation to the financials sector taking profits following its recent bounce back. Within the sector, we continue to favor insurance and high quality banking franchises with strong capital positions as we believe the COVID effects on economic growth and bank loan losses remain extremely uncertain.
  • Although we need to be wary of a potential second wave of COVID-19 infections, we expect that we will see continued slow, but steady progress in economic recovery and as we do, individuals and companies will adapt and adjust to this new operating environment. Most importantly, as we look forward to 2021, we are optimistic that we will have put the necessary processes in place and developed innovative medical solutions that will enable us to move forward once again.
  • Additional key risks include the 2020 U.S. Presidential election, ongoing U.S.-China relations, and a potential second wave of COVID.

Portfolio Details as of 12/31/2020

Weighted Average Market Cap.
127.1 B
P/E Ratio
25.3x
P/B Ratio
2.5x
Portfolio Turnover Ratio as of 10/31/2019
88.2%
Number of Holdings
102
Total Net Assets
$430.22 M

Contributors & Detractors as of  12/31/2020

Contributors

Holding Contribution
Samsung Electronics Co., Ltd. 1.1%
Taiwan Semiconductor 0.7%
Cae Inds Inc 0.6%
Pinduoduo Inc 0.5%
ASML Holding NV 0.5%

Detractors

Holding Contribution
Alibaba Group Hldg Ltd -0.8%
SAP AG -0.5%
China Resources Cement -0.1%
Fidelity Natl Inform -0.1%
AstraZeneca plc -0.1%

Attribution Analysis 

International Equity Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 01/15/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2020 12/18/2020 12/18/2020 $0.17520 $15.55

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
12/16/2021 12/17/2021 12/17/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2007 12/18/2007 $0.1644 $1.3663 $1.5307 $15.15

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
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 01/15/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $17.21
$50,000 to $99,999 4.75% 4.00% $17.03
$100,000 to $249,999 3.95% 3.25% $16.89
$250,000 to $499,999 2.75% 2.25% $16.68
$500,000 to $999,999 1.95% 1.75% $16.54
$1,000,000 to $5,000,000 0.00% 1.00% $16.22

Expense Ratioas of 12/31/2020

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Publish Date:11/03/2015
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