LIDOX | International Value Fund Class F3 | 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 12/31/2020

Total Net Assets
$530.09 M
Inception Date
04/05/2017
Dividend Frequency
Quarterly
Fund Gross Expense Ratio
0.84%
Fund Net Expense Ratio
0.80%
Number of Holdings
81

Yield

12-Month Dividend Yield 1 as of 01/26/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.35% 2.31%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.78% 1.76%

Fund Expense Ratio :

Gross 0.84%

Net 0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 4.14% 4.14% 1.18% 5.30% 3.10% -
Lipper Category Avg. International Large-Cp Val Fds 3.21% 3.21% 0.55% 4.70% 3.40% -
MSCI EAFE Value Net Index -2.63% -2.63% -1.24% 4.20% 3.37% -

Fund Expense Ratio :

Gross 0.84%

Net 0.80%

Fund Expense Ratio :

Gross 0.84%

Net 0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 4.14% 4.14% 1.18% 5.30% 3.10% -
Lipper Category Avg. International Large-Cp Val Fds 3.21% 3.21% 0.55% 4.70% 3.40% -
MSCI EAFE Value Net Index -2.63% -2.63% -1.24% 4.20% 3.37% -

Fund Expense Ratio :

Gross 0.84%

Net 0.80%

Countryas of 12/31/2020View Portfolio

Country Assets
United Kingdom 17.6%
Japan 15.7%
France 14.6%
Germany 11.4%
Switzerland 6.6%
Australia 5.5%
Hong Kong 3.7%
Italy 3.2%
China 2.8%
Canada 2.8%
Sweden 2.7%
Republic of Korea 2.6%
Belgium 2.0%
United States 1.6%
Mexico 1.6%
Austria 1.4%
Russian Federation 1.0%
India 0.8%
Cayman Islands 0.6%
Chile 0.4%
Taiwan 0.2%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp3.9%
United Kingdom arrowUp0.5%
Asia/Pacific arrowDown2.4%
Japan arrowDown1.2%
Americas arrowUp0.6%
EMEA arrowDown0.1%
Cash arrowDown1.4%

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 32 Investment Professionals with 19 Years Avg. Industry Experience

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Performance

Performance

Fund Expense Ratio :

Gross 0.84%

Net 0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 4.14% 4.14% 1.18% 5.30% 3.10% -
Lipper Category Avg. International Large-Cp Val Fds 3.21% 3.21% 0.55% 4.70% 3.40% -
MSCI EAFE Value Net Index -2.63% -2.63% -1.24% 4.20% 3.37% -

Fund Expense Ratio :

Gross 0.84%

Net 0.80%

Fund Expense Ratio :

Gross 0.84%

Net 0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 4.14% 4.14% 1.18% 5.30% 3.10% -
Lipper Category Avg. International Large-Cp Val Fds 3.21% 3.21% 0.55% 4.70% 3.40% -
MSCI EAFE Value Net Index -2.63% -2.63% -1.24% 4.20% 3.37% -

Fund Expense Ratio :

Gross 0.84%

Net 0.80%

Year Fund Returns MSCI EAFE Value Net Index
2020 4.14% -2.63%
2019 17.90% 16.09%
2018 -15.64% -14.78%
2017 21.60% 21.44%
2016 2.79% 5.02%
2015 -11.44% -5.68%
2014 -2.73% -5.39%
2013 14.90% 22.95%
2012 15.94% 17.69%
2011 -8.68% -12.17%
2010 4.55% -
2009 40.97% -
2008 -34.07% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - 1.34%
2020 -28.06% 16.07% 3.97% 19.95% 4.14%
2019 7.29% 2.22% -1.19% 8.79% 17.90%
2018 -0.96% -4.89% 1.11% -11.43% -15.64%
2017 5.92% 4.65% 5.78% 3.72% 21.60%
2016 0.24% -0.36% 4.93% -1.91% 2.79%
2015 0.12% 0.01% -13.51% 2.26% -11.44%
2014 2.29% 5.91% -6.69% -3.79% -2.73%
2013 3.20% -3.62% 10.64% 4.41% 14.90%
2012 10.82% -8.13% 6.07% 7.36% 15.94%
2011 5.80% 2.12% -18.89% 4.20% -8.68%
2010 0.21% -13.99% 16.20% 4.38% 4.55%
2009 -13.79% 29.07% 23.24% 2.80% 40.97%
2008 - - -16.55% -20.99% -34.07%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Countryas of 12/31/2020

Country Assets
United Kingdom 17.6%
Japan 15.7%
France 14.6%
Germany 11.4%
Switzerland 6.6%
Australia 5.5%
Hong Kong 3.7%
Italy 3.2%
China 2.8%
Canada 2.8%
Sweden 2.7%
Republic of Korea 2.6%
Belgium 2.0%
United States 1.6%
Mexico 1.6%
Austria 1.4%
Russian Federation 1.0%
India 0.8%
Cayman Islands 0.6%
Chile 0.4%
Taiwan 0.2%
Region Weighting Fund Change from Previous Quarter
Europe ex-U.K. arrowUp3.9%
United Kingdom arrowUp0.5%
Asia/Pacific arrowDown2.4%
Japan arrowDown1.2%
Americas arrowUp0.6%
EMEA arrowDown0.1%
Cash arrowDown1.4%

Portfolio Positioning as of 09/30/2020

  • A combination of monetary policy stimulus from central banks around the world and significant fiscal policy support has begun to show a positive impact on global growth. World ex-U.S. equity markets have risen by approximately 40% from the late March 2020 bottom.
  • The Fund remains overweight the IT, industrials and consumer discretionary sectors, where we continue to see a combination of attractive relative valuation and strong recovery potential.
  • The Fund remains 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 near term uncertainties around the U.S. Presidential election, as well as prospects for a significant second Covid-19 wave. A Covid-19 vaccine is likely to become available within our investment time horizon, and would create significant investment opportunities across the beaten-down travel/leisure/aerospace sectors.

Portfolio Details as of 12/31/2020

Weighted Average Market Cap.
68.5 B
P/E Ratio
16.1x
P/B Ratio
1.4x
Portfolio Turnover Ratio as of 10/31/2019
61.5%
Number of Holdings
81
Total Net Assets
$530.09 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  12/31/2020

Contributors

Holding Contribution
Samsung Electronics Co., Ltd. 1.1%
Anglo American plc 0.8%
Credit Agricole SA 0.7%
Tdk Corp 0.7%
RSA Insurance Group plc 0.7%

Detractors

Holding Contribution
Alibaba Group Hldg Ltd -0.3%
China Resources Cement -0.3%
AstraZeneca plc -0.1%
Sanofi -0.1%
Ucb S.A. -0.1%

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Dividend Payments

For
YTD Dividends Paidas of 01/26/2021
$0
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/28/2020 12/29/2020 12/29/2020 $0.04830 $7.48
12/17/2020 12/18/2020 12/18/2020 $0.02430 $7.46
09/28/2020 09/29/2020 09/29/2020 $0.04140 $6.29
06/29/2020 06/30/2020 06/30/2020 $0.04850 $6.08
03/26/2020 03/27/2020 03/27/2020 $0.01480 $5.22

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
03/29/2021 03/30/2021 03/30/2021
06/28/2021 06/29/2021 06/29/2021
09/28/2021 09/29/2021 09/29/2021
12/28/2021 12/29/2021 12/29/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 12/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
0.84% 0.80%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Publish Date:11/03/2015
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Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
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Publish Date:11/03/2015
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Publish Date:11/03/2015
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Publish Date:11/03/2015

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