LAIEX | International Opportunities Fund Class A | Lord Abbett
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International Opportunities Fund

Summary

Summary

What is the International Opportunities Fund?

The Fund seeks to deliver a high level of total return by investing primarily in stocks of small to mid-sized international companies.

Fund Basicsas of 04/30/2021

Total Net Assets
$463.19 M
Inception Date
12/13/1996
Dividend Frequency
Annually
Number of Holdings
105
Minimum Initial Investment
$1,500+

Expense Ratioas of 05/31/2021

Fund Expense Ratio :

1.24%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/13/1996
w/o sales charge 10.73% 48.71% 6.84% 9.19% 7.39% 5.82%
Lipper Category Avg. International Sm/Md-Cp Gro Fds 9.49% 44.85% 9.68% 12.15% 8.20% -
S&P Developed Ex-U.S. SmallCap 11.45% 49.25% 8.99% 11.46% 8.04% 7.90%
w/ sales charge 4.37% 40.17% 4.76% 7.90% 6.76% 5.56%

Fund Expense Ratio :

1.24%

Fund Expense Ratio :

1.24%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/13/1996
w/o sales charge 2.71% 62.49% 3.35% 7.93% 7.02% 5.53%
Lipper Category Avg. International Sm/Md-Cp Gro Fds 2.30% 63.70% 7.11% 11.09% 7.87% -
S&P Developed Ex-U.S. SmallCap 4.20% 66.92% 6.89% 10.60% 7.60% 7.66%
w/ sales charge -3.19% 53.15% 1.34% 6.66% 6.38% 5.27%

Fund Expense Ratio :

1.24%

Countryas of 04/30/2021View Portfolio

Country Assets
Japan 17.6%
United Kingdom 15.5%
Germany 6.4%
Italy 4.9%
Sweden 4.6%
Canada 4.2%
Switzerland 4.1%
Australia 4.0%
China 3.9%
Austria 3.9%
Republic of Korea 3.6%
Ireland 2.9%
Spain 2.7%
Norway 2.6%
Hong Kong 2.6%
India 2.3%
Cash 2.3%
France 2.1%
Iceland 1.5%
Jersey 1.5%
United States 1.5%
Portugal 1.3%
Mexico 1.3%
Taiwan 1.2%
Netherlands 1.0%
Finland 0.9%
Belgium 0.8%
Luxembourg 0.5%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp0.3%
Asia/Pacific arrowUp0.6%
Japan arrowDown1.4%
United Kingdom arrowDown0.4%
Americas arrowUp0.4%
EMEA 0.0%
Cash arrowUp0.4%

INVESTMENT TEAM

Todd D. Jacobson
Todd D. Jacobson, CFA

Partner & Portfolio Manager

32 Years of Industry Experience

Vincent J. McBride
Vincent J. McBride

Partner & Portfolio Manager

33 Years of Industry Experience

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

Contact a Representative

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

Performance

Performance

Fund Expense Ratio :

1.24%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/13/1996
w/o sales charge 10.73% 48.71% 6.84% 9.19% 7.39% 5.82%
Lipper Category Avg. International Sm/Md-Cp Gro Fds 9.49% 44.85% 9.68% 12.15% 8.20% -
S&P Developed Ex-U.S. SmallCap 11.45% 49.25% 8.99% 11.46% 8.04% 7.90%
w/ sales charge 4.37% 40.17% 4.76% 7.90% 6.76% 5.56%

Fund Expense Ratio :

1.24%

Fund Expense Ratio :

1.24%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/13/1996
w/o sales charge 2.71% 62.49% 3.35% 7.93% 7.02% 5.53%
Lipper Category Avg. International Sm/Md-Cp Gro Fds 2.30% 63.70% 7.11% 11.09% 7.87% -
S&P Developed Ex-U.S. SmallCap 4.20% 66.92% 6.89% 10.60% 7.60% 7.66%
w/ sales charge -3.19% 53.15% 1.34% 6.66% 6.38% 5.27%

Fund Expense Ratio :

1.24%

Year Fund Returns S&P Developed Ex-U.S. SmallCap
2020 14.29% 14.27%
2019 21.25% 24.65%
2018 -23.74% -18.41%
2017 37.97% 32.37%
2016 -3.41% 3.79%
2015 9.86% 5.92%
2014 -6.06% -3.42%
2013 30.99% 26.06%
2012 20.35% 18.55%
2011 -15.23% -14.49%
2010 21.27% -
2009 49.08% -
2008 -51.20% -
2007 4.17% -
2006 28.67% -
2005 25.40% -
2004 20.62% -
2003 42.54% -
2002 -21.64% -
2001 -31.32% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 2.71% - - - 12.61%
2020 -27.75% 21.27% 9.45% 19.19% 14.29%
2019 9.56% 2.54% -1.84% 9.96% 21.25%
2018 -1.69% -4.28% -3.60% -15.94% -23.74%
2017 9.89% 9.41% 8.44% 5.83% 37.97%
2016 -1.22% -4.28% 7.31% -4.81% -3.41%
2015 6.70% 5.55% -7.09% 4.99% 9.86%
2014 1.04% 2.35% -7.80% -1.49% -6.06%
2013 9.23% -0.34% 11.78% 7.65% 30.99%
2012 15.23% -9.22% 10.25% 4.36% 20.35%
2011 1.27% 2.35% -20.99% 3.51% -15.23%
2010 4.32% -11.73% 19.65% 10.08% 21.27%
2009 -11.19% 36.73% 22.70% 0.05% 49.08%
2008 -12.51% -4.94% -24.96% -21.80% -51.20%
2007 4.86% 7.15% -1.88% -5.52% 4.17%
2006 12.95% -2.93% 3.43% 13.46% 28.67%
2005 1.51% 1.58% 13.46% 7.18% 25.40%
2004 9.23% 2.19% -4.08% 12.66% 20.62%
2003 -5.90% 18.47% 11.73% 14.43% 42.54%
2002 -3.84% -1.03% -20.18% 3.16% -21.64%
2001 -19.66% -0.95% -19.68% 7.46% -31.32%
2000 15.71% -13.41% -0.52% -23.30% -23.55%
1999 -0.15% 8.58% -2.42% 20.29% 27.26%
1998 23.70% 4.93% -19.01% 9.86% 15.50%
1997 6.23% 5.17% 2.93% 4.10% 19.71%
1996 - - - - 0.42%

Growth of $10,000 as of 05/31/2021

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Countryas of 04/30/2021

Country Assets
Japan 17.6%
United Kingdom 15.5%
Germany 6.4%
Italy 4.9%
Sweden 4.6%
Canada 4.2%
Switzerland 4.1%
Australia 4.0%
China 3.9%
Austria 3.9%
Republic of Korea 3.6%
Ireland 2.9%
Spain 2.7%
Norway 2.6%
Hong Kong 2.6%
India 2.3%
Cash 2.3%
France 2.1%
Iceland 1.5%
Jersey 1.5%
United States 1.5%
Portugal 1.3%
Mexico 1.3%
Taiwan 1.2%
Netherlands 1.0%
Finland 0.9%
Belgium 0.8%
Luxembourg 0.5%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp0.3%
Asia/Pacific arrowUp0.6%
Japan arrowDown1.4%
United Kingdom arrowDown0.4%
Americas arrowUp0.4%
EMEA 0.0%
Cash arrowUp0.4%

Portfolio Positioning as of 12/31/2020

  • One of the primary themes this quarter has been to reassess the balance of stay-at-home and economic reopening exposures in the Fund. The announcement of multiple, high-efficacy COVID-19 vaccines, as well as removal of the U.S. presidential election overhang drove a rotation from growth and momentum stocks to value and cyclical stocks. The Fund was leaning heavily towards growth companies in Japan, primarily through the IT sector. In order to reposition the Fund for ongoing success, we targeted the Fund’s top performers in this area, resulting in the portfolio’s Japan growth tilt decreasing by roughly 50%. While we took down exposure in select stocks significantly in order to take profits and reposition, we remain invested in many of these companies as we are confident in them long term.  
  • We have been adding cyclicality to the Fund over the quarter, primarily through industrials and real estate. Specifically, we are focused on companies with very good cost controls and stabilization.
  • We also closed the Fund’s underweight to the financials sector by focusing on well-capitalized and well-positioned banks in Emerging Markets. We are constructive on the region as we believe the long-term economic recovery brought about by positive vaccine news will disproportionately benefit these countries, especially as the banking segment has been particularly hurt this year.

Portfolio Details as of 04/30/2021

Weighted Average Market Cap.
3.8 B
P/E Ratio
25.0x
P/B Ratio
2.2x
Portfolio Turnover Ratio as of 10/30/2020
55.1%
Number of Holdings
105
Total Net Assets
$463.19 M

Attribution Analysis 

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

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
SITC International Holdings Co Ltd 0.5%
AIXTRON SE 0.4%
Arrow Global Group PLC 0.3%
Pexip Holding Asa 0.2%
ASOS PLC 0.2%

Detractors

Holding Contribution
Scatec ASA -0.3%
PATRIZIA AG -0.3%
Solaria Energia Y Medio -0.3%
MorphoSys AG -0.2%
Vaneck Vectors Etf Tr J -0.2%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 06/11/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2019 12/18/2019 12/18/2019 $0.20640 $16.57

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
12/17/2018 12/18/2018 $1.5793 - $1.5793 $13.98

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 06/11/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $22.93
$50,000 to $99,999 4.75% 4.00% $22.69
$100,000 to $249,999 3.95% 3.25% $22.50
$250,000 to $499,999 2.75% 2.25% $22.22
$500,000 to $999,999 1.95% 1.75% $22.04
$1,000,000 to $5,000,000 0.00% 1.00% $21.61

Expense Ratioas of 05/31/2021

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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