International Growth Fund | Lord Abbett Mutual Funds

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International Growth Fund

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Summary

Summary

What is the International Growth Fund?

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

Fund Basicsas of 10/31/2022

Total Net Assets
$1.79 M
Inception Date
Dividend Frequency
-
Number of Holdings
81

INVESTMENT TEAM

Matthias A. Knerr
Matthias A. Knerr, CFA

Portfolio Manager

27 Years of Industry Experience

Sue Kim
Sue Kim

Partner, Director of Global and Emerging Market Equities

22 Years of Industry Experience

Supported By 35 Investment Professionals with 19 Years Avg. Industry Experience

YOUR REPRESENTATIVE

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Performance

Performance

Portfolio

Portfolio

Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp2.0%
Asia/Pacific arrowUp1.2%
Japan arrowUp1.1%
Americas arrowDown2.3%
United Kingdom arrowUp0.7%
Cash arrowDown2.7%

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
Sector Weighting
Communication Services
Real Estate
Utilities
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials

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 10/31/2022

Total Net Assets
$1.79 M
Number of Holdings
81
Weighted Average Market Cap.
105.4 B
P/B Ratio
3.9x
P/E Ratio
23.6x

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
Novo Nordisk A/S Health Care 3.8%
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 3.5%
Nestle SA Consumer Staples 3.0%
ASML Holding NV Information Technology 2.7%
Daiichi Sankyo Co Ltd Health Care 2.4%
Diageo PLC Consumer Staples 2.3%
Schneider Electric SE Industrials 2.3%
AstraZeneca PLC Health Care 2.1%
Roche Holding AG Health Care 2.1%
ICICI Bank Ltd Financials 2.0%
% of Total Assets 26.2%

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.

Holding Sector Assets
Novo Nordisk A/S Health Care 3.4%
LVMH Moet Hennessy Louis Vuitton SE Consumer Discretionary 3.2%
Nestle SA Consumer Staples 3.1%
ASML Holding NV Information Technology 2.6%
Tencent Holdings Ltd Communication Services 2.4%
Diageo PLC Consumer Staples 2.1%
Roche Holding AG Health Care 2.1%
L'Oreal SA Consumer Staples 2.1%
AstraZeneca PLC Health Care 2.0%
ICICI Bank Ltd Financials 2.0%
Taiwan Semiconductor Manufacturing Co Ltd Information Technology 2.0%
Daiichi Sankyo Co Ltd Health Care 1.8%
Schneider Electric SE Industrials 1.7%
Keyence Corp Information Technology 1.7%
AIA Group Ltd Financials 1.6%
Meituan Consumer Discretionary 1.6%
Pernod Ricard SA Consumer Staples 1.5%
Sony Group Corp Consumer Discretionary 1.4%
Taiwan Semiconductor Manufacturing Co Ltd Information Technology 1.4%
Air Liquide SA Materials 1.4%
Bharti Airtel Ltd Communication Services 1.4%
DBS Group Holdings Ltd Financials 1.3%
Hermes International Consumer Discretionary 1.3%
Hoya Corp Health Care 1.3%
JD.com Inc Consumer Discretionary 1.3%
Cie Financiere Richemont SA Consumer Discretionary 1.2%
Symrise AG Materials 1.2%
Atlas Copco AB Industrials 1.2%
Reliance Industries Ltd Energy 1.2%
Capgemini SE Information Technology 1.1%
BYD Co Ltd Consumer Discretionary 1.1%
Asian Paints Ltd Materials 1.1%
Genmab A/S Health Care 1.1%
Dassault Systemes SE Information Technology 1.1%
Teleperformance Industrials 1.1%
Hexagon AB Information Technology 1.1%
Nibe Industrier AB Industrials 1.0%
London Stock Exchange Group PLC Financials 1.0%
Sika AG Materials 1.0%
Bank Rakyat Indonesia Persero Tbk PT Financials 1.0%
Alibaba Group Holding Ltd Consumer Discretionary 1.0%
MercadoLibre Inc Consumer Discretionary 1.0%
Fast Retailing Co Ltd Consumer Discretionary 1.0%
Eli Lilly & Co Health Care 1.0%
Canadian Pacific Railway Ltd Industrials 1.0%
Daikin Industries Ltd Industrials 0.9%
Hindustan Unilever Ltd Consumer Staples 0.9%
Adyen NV Information Technology 0.8%
Equinor ASA Energy 0.8%
Davide Campari-Milano NV Consumer Staples 0.8%
Intact Financial Corp Financials 0.8%
Alcon Inc Health Care 0.8%
Fuji Electric Co Ltd Industrials 0.8%
Thales SA Industrials 0.8%
BHP Group Ltd Materials 0.8%
Epiroc AB Industrials 0.8%
Ebara Corp Industrials 0.7%
Infineon Technologies AG Information Technology 0.7%
Sartorius Stedim Biotech Health Care 0.7%
Airbus SE Industrials 0.7%
Unilever PLC Consumer Staples 0.7%
Wuliangye Yibin Co Ltd Consumer Staples 0.7%
CaixaBank SA Financials 0.7%
Denso Corp Consumer Discretionary 0.7%
Contemporary Amperex Technology Co Ltd Industrials 0.7%
Royal Bank of Canada Financials 0.6%
Lonza Group AG Health Care 0.6%
Lasertec Corp Information Technology 0.6%
Pembina Pipeline Corp Energy 0.6%
EPAM Systems Inc Information Technology 0.6%
WiseTech Global Ltd Information Technology 0.6%
AIXTRON SE Information Technology 0.6%
Lululemon Athletica Inc Consumer Discretionary 0.6%
Iberdrola SA Utilities 0.5%
Spirent Communications PLC Information Technology 0.5%
Atlassian Corp PLC Information Technology 0.5%
Shopify Inc Information Technology 0.5%
NetEase Inc Communication Services 0.5%
Industria de Diseno Textil SA Consumer Discretionary 0.5%
Recruit Holdings Co Ltd Industrials 0.4%
Orsted AS Utilities 0.4%
Voltronic Power Technology Corp Industrials 0.4%

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.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

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
12/19/2022 12/20/2022 12/20/2022

Fees & Expenses

Fees & Expenses

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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IMPORTANT INFORMATION

 

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy.

A Note about Risk: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy. The foreign securities in which the Fund primarily invests generally pose greater risks than domestic securities, including greater price fluctuations and higher transaction costs. Foreign investments also may be affected by changes in currency rates or currency controls. With respect to certain foreign countries, there is a possibility of nationalization, expropriation or confiscatory taxation, imposition of withholding or other taxes, and political or social instability that could affect investments in those countries. These risks can be greater in the case of emerging market securities, and emerging market securities are generally more volatile than those of developed markets. The Fund primarily invests in larger companies which may be less able to respond to certain market developments and may have slower rates of growth compare to smaller successful companies. Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general. The Fund is subject to the risks associated with derivatives, which may be different from and greater than the risks associated with investing directly in securities and other investments. These factors can affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The MSCI ACWI (All Country World Index) ex-U.S. Index is a subset of the MSCI ACWI Index, a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets. The MSCI ACWI Ex-U.S. Index with Gross Dividends approximates the maximum possible dividend reinvestment. The amount reinvested is the entire dividend distributed to individuals resident in the country of the company, but does not include tax credits. The MSCI ACWI Ex-U.S. Index with Net Dividends approximates the minimum possible dividend reinvestment. The dividend is reinvested after deduction of withholding tax, applying the rate to non-resident individuals who do not benefit from double taxation treaties. MSCI uses withholding tax rates applicable to Luxembourg holding companies, as Luxembourg applies the highest rates.

MSCI makes no express or implied warranties or representations and shall have no liability whatsoever with respect to any MSCI data contained herein. The MSCI data may not be further redistributed or used as a basis for other indices or any securities or financial products. This report is not approved, reviewed or produced by MSCI.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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