LIDCX | International Value Fund Class C | Lord Abbett
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International Value Fund

Summary

Summary

What is the International Value Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in the stocks of international companies that the Fund believes are undervalued.

VETERAN INTERNATIONAL MANAGERS

The management team are pioneers in exploring international equities, investing abroad since the 1980’s in what were once uncharted and unknown markets to the average U.S. investor.

VALUATION FOCUS

The strategy has a focus on stocks that Lord Abbett believes are undervalued on a relative basis with strong fundamentals and sound management teams.

MULTI-DIMENSIONAL RISK MANAGEMENT

Comprehensive risk monitoring occurs throughout the investment process, with a focus on company fundamentals and stock valuations at the security level and regional, sector, and industry exposures at the portfolio level.  

Fund Basicsas of 08/31/2020

Total Net Assets
$489.87 M
Inception Date
06/30/2008
Dividend Frequency
Quarterly
Fund Gross Expense Ratio
1.91%
Fund Net Expense Ratio
1.87%
Number of Holdings
81
Minimum Initial Investment
$1,500+

Yield

12-Month Dividend Yield 1 as of 09/28/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 0.99% 0.95%

30-Day Standardized Yield 2 as of 08/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.35% 1.37%

Fund Expense Ratio :

Gross 1.91%

Net 1.87%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2008
w/o sales charge -10.96% -0.43% -3.24% 0.94% 1.95% 0.01%
Lipper Category Avg. International Large-Cp Val Fds -11.05% 0.49% -2.44% 1.27% 3.47% -
MSCI EAFE Value Net Index -14.38% -3.24% -3.40% 0.79% 3.46% 0.79%
w/ sales charge -11.85% -0.43% -3.24% 0.94% 1.95% 0.01%

Fund Expense Ratio :

Gross 1.91%

Net 1.87%

Fund Expense Ratio :

Gross 1.91%

Net 1.87%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2008
w/o sales charge -16.79% -11.18% -4.06% -2.70% 1.76% -0.56%
Lipper Category Avg. International Large-Cp Val Fds -16.49% -10.39% -3.70% -1.24% 3.72% -
MSCI EAFE Value Net Index -19.27% -14.48% -4.43% -1.59% 3.53% 0.31%
w/ sales charge -17.62% -11.18% -4.06% -2.70% 1.76% -0.56%

Fund Expense Ratio :

Gross 1.91%

Net 1.87%

Countryas of 08/31/2020View Portfolio

Country Assets
Japan 16.7%
United Kingdom 15.3%
France 15.2%
Germany 10.7%
Switzerland 6.6%
Cayman Islands 6.5%
Australia 5.3%
Canada 3.2%
Bermuda 2.5%
Belgium 2.2%
Sweden 1.8%
Republic of Korea 1.8%
Austria 1.3%
Russian Federation 1.2%
Isle of Man 1.1%
Hong Kong 1.0%
United States 1.0%
New Zealand 0.9%
Brazil 0.9%
Singapore 0.7%
Jersey 0.6%
Italy 0.6%
Taiwan 0.6%
Mexico 0.5%
Chile 0.4%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp0.8%
Japan arrowDown0.2%
United Kingdom arrowDown1.5%
Americas arrowUp2.5%
Asia/Pacific arrowDown0.7%
EMEA arrowDown0.4%
Cash arrowDown0.4%

INVESTMENT TEAM

Vincent J. McBride
Vincent J. McBride

Partner & Portfolio Manager

33 Years of Industry Experience

Todd D. Jacobson
Todd D. Jacobson, CFA

Partner & Portfolio Manager

32 Years of Industry Experience

Ryan C. Howard
Ryan C. Howard, CFA

Portfolio Manager

17 Years of Industry Experience

Supported By 35 Investment Professionals with 18 Years Avg. Industry Experience

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Performance

Performance

Fund Expense Ratio :

Gross 1.91%

Net 1.87%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2008
w/o sales charge -10.96% -0.43% -3.24% 0.94% 1.95% 0.01%
Lipper Category Avg. International Large-Cp Val Fds -11.05% 0.49% -2.44% 1.27% 3.47% -
MSCI EAFE Value Net Index -14.38% -3.24% -3.40% 0.79% 3.46% 0.79%
w/ sales charge -11.85% -0.43% -3.24% 0.94% 1.95% 0.01%

Fund Expense Ratio :

Gross 1.91%

Net 1.87%

Fund Expense Ratio :

Gross 1.91%

Net 1.87%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2008
w/o sales charge -16.79% -11.18% -4.06% -2.70% 1.76% -0.56%
Lipper Category Avg. International Large-Cp Val Fds -16.49% -10.39% -3.70% -1.24% 3.72% -
MSCI EAFE Value Net Index -19.27% -14.48% -4.43% -1.59% 3.53% 0.31%
w/ sales charge -17.62% -11.18% -4.06% -2.70% 1.76% -0.56%

Fund Expense Ratio :

Gross 1.91%

Net 1.87%

Year Fund Returns MSCI EAFE Value Net Index
2019 16.62% 16.09%
2018 -16.62% -14.78%
2017 20.51% 21.44%
2016 1.75% 5.02%
2015 -12.42% -5.68%
2014 -3.72% -5.39%
2013 13.71% 22.95%
2012 14.82% 17.69%
2011 -9.61% -12.17%
2010 3.51% 3.25%
2009 39.51% -
2008 -34.40% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -28.14% 15.79% - - -13.46%
2019 7.12% 1.99% -1.61% 8.49% 16.62%
2018 -1.36% -4.96% 0.72% -11.69% -16.62%
2017 5.72% 4.44% 5.44% 3.50% 20.51%
2016 0.14% -0.63% 4.56% -2.21% 1.75%
2015 -0.13% -0.26% -13.67% 1.84% -12.42%
2014 2.09% 5.62% -6.91% -4.08% -3.72%
2013 3.00% -3.90% 10.37% 4.09% 13.71%
2012 10.57% -8.28% 5.62% 7.19% 14.82%
2011 5.59% 1.89% -19.11% 3.86% -9.61%
2010 -0.11% -14.07% 15.75% 4.17% 3.51%
2009 -14.03% 28.73% 23.01% 2.47% 39.51%
2008 - - -16.72% -21.23% -34.40%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Countryas of 08/31/2020

Country Assets
Japan 16.7%
United Kingdom 15.3%
France 15.2%
Germany 10.7%
Switzerland 6.6%
Cayman Islands 6.5%
Australia 5.3%
Canada 3.2%
Bermuda 2.5%
Belgium 2.2%
Sweden 1.8%
Republic of Korea 1.8%
Austria 1.3%
Russian Federation 1.2%
Isle of Man 1.1%
Hong Kong 1.0%
United States 1.0%
New Zealand 0.9%
Brazil 0.9%
Singapore 0.7%
Jersey 0.6%
Italy 0.6%
Taiwan 0.6%
Mexico 0.5%
Chile 0.4%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp0.8%
Japan arrowDown0.2%
United Kingdom arrowDown1.5%
Americas arrowUp2.5%
Asia/Pacific arrowDown0.7%
EMEA arrowDown0.4%
Cash arrowDown0.4%

Portfolio Positioning as of 06/30/2020

  • A combination of massive monetary policy stimulus from central banks around the world and significant fiscal policy support drove global equity markets sharply higher during the second quarter.  We took advantage of the market dislocation, adding to existing holdings at lower prices, as well as adding new portfolio companies at low valuation levels.
  • The portfolio remains overweight the IT sector, where we continue to see a combination of attractive relative valuation and strong recovery potential.  We added to a number of our holdings across the Consumer Discretionary sector, which we are now overweight, attracted by low valuation and cyclical recovery potential.
  • We remain underweight the Utilities sector, where average valuations remain high, and most businesses are non-cyclical. We continue to be underweight banks, across Europe and Asia, as we believe low interest rates will continue to drag down earnings and returns.
  • Key risks include the clear tradeoff between economic recovery and the spread of Covid-19, the shape of the ongoing U.S. social crisis/2020 U.S. Presidential election, and Sino-US relations.

Portfolio Details as of 08/31/2020

Weighted Average Market Cap.
68.9 B
P/E Ratio
14.1x
P/B Ratio
1.3x
Number of Holdings
81
Total Net Assets
$489.87 M

Attribution Analysis 

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

Contributors & Detractors as of  06/30/2020

Contributors

Holding Contribution
Anglo American plc 0.7%
Sanofi 0.6%
Deutsche Post AG 0.5%
Softbank Corp. 0.5%
Macquarie Group Ltd. 0.5%

Detractors

Holding Contribution
Banco Santander S.A. -0.2%
Royal Dutch Shell plc -0.2%
Credicorp Ltd -0.1%
BAE Systems plc -0.1%
Tokio Marine Holdings, Inc. -0.1%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 09/28/2020
$0.032
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
06/29/2020 06/30/2020 06/30/2020 $0.03280 $6.00

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
09/28/2020 09/29/2020 09/29/2020
12/28/2020 12/29/2020 12/29/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/18/2014 12/19/2014 $0.4903 - $0.4903 $7.91

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 08/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
1.91% 1.87%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
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Publish Date:11/03/2015

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Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class C shares are only offered to certain eligible investors.  For additional information, see the Fund’s current prospectus.

Class C - The inception date for Class C Shares is August 31, 2020. The performance quotations for Class C are based on the following methods of calculation: (a) for periods prior to August 31, 2020, a restated figure is used based on the Fund's Class I performance, adjusted to reflect the fees and expenses of Class C Shares ; and (b) for periods after August 31, 2020, actual Class C performance is used reflecting all charges and fees applicable to Class C shares.

Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class F - The inception date for Class F Shares is August 31, 2020. The performance quotations for Class F are based on the following methods of calculation: (a) for periods prior to August 31, 2020, a restated figure is used based on the Fund's Class I performance, adjusted to reflect the fees and expenses of Class F Shares ; and (b) for periods after August 31, 2020, actual Class F performance is used reflecting all charges and fees applicable to Class F shares.

Class F shares are available only to eligible fee-based advisory programs and certain registered investment advisers. For additional information, see the Fund’s current prospectus.

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