LMCCX | Mid Cap Stock Fund Class C | Lord Abbett
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Mid Cap Stock Fund

Summary

Summary

What is the Mid Cap Stock Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of mid-sized U.S. companies.

 

Fund Basicsas of 04/30/2021

Total Net Assets
$1.52 B
Inception Date
05/01/1997
Dividend Frequency
Semi-Annually
Fund Expense Ratio
1.77%
Number of Holdings
75
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

1.77%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 20.92% 49.74% 8.62% 8.16% 7.86% 8.88%
Lipper Category Avg. Mid-Cap Core Funds 17.50% 51.11% 12.99% 12.74% 10.51% -
Russell Midcap® Value Index 20.86% 56.61% 12.59% 12.25% 11.58% 10.67%
w/ sales charge 19.92% 49.74% 8.62% 8.16% 7.86% 8.88%

Fund Expense Ratio :

1.77%

Fund Expense Ratio :

1.77%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 13.81% 67.08% 6.98% 7.74% 7.39% 8.67%
Lipper Category Avg. Mid-Cap Core Funds 11.00% 70.74% 11.68% 12.11% 10.15% -
Russell Midcap® Value Index 13.05% 73.76% 10.70% 11.60% 11.05% 10.44%
w/ sales charge 12.81% 67.08% 6.98% 7.74% 7.39% 8.67%

Fund Expense Ratio :

1.77%

TEN LARGEST HOLDINGS as of 04/30/2021View Portfolio

Holding Assets
Ameriprise Financial Inc 2.1%
CIT Group Inc 2.0%
Discover Financial Services 1.9%
East West Bancorp Inc 1.8%
Pioneer Natural Resources Co 1.8%
Citizens Financial Group Inc 1.7%
Euronet Worldwide Inc 1.7%
Hubbell Inc 1.7%
Masco Corp 1.7%
Valvoline Inc 1.7%

INVESTMENT TEAM

Eli Rabinowich
Eli Rabinowich

Portfolio Manager

16 Years of Industry Experience

Jeff Diamond
Jeff Diamond, CFA

Portfolio Manager

33 Years of Industry Experience

John C. Hardy
John C. Hardy

Portfolio Manager

17 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 :

1.77%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 20.92% 49.74% 8.62% 8.16% 7.86% 8.88%
Lipper Category Avg. Mid-Cap Core Funds 17.50% 51.11% 12.99% 12.74% 10.51% -
Russell Midcap® Value Index 20.86% 56.61% 12.59% 12.25% 11.58% 10.67%
w/ sales charge 19.92% 49.74% 8.62% 8.16% 7.86% 8.88%

Fund Expense Ratio :

1.77%

Fund Expense Ratio :

1.77%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 13.81% 67.08% 6.98% 7.74% 7.39% 8.67%
Lipper Category Avg. Mid-Cap Core Funds 11.00% 70.74% 11.68% 12.11% 10.15% -
Russell Midcap® Value Index 13.05% 73.76% 10.70% 11.60% 11.05% 10.44%
w/ sales charge 12.81% 67.08% 6.98% 7.74% 7.39% 8.67%

Fund Expense Ratio :

1.77%

Year Fund Returns Russell Midcap® Value Index
2020 1.94% 4.96%
2019 22.04% 27.06%
2018 -15.20% -12.29%
2017 6.25% 13.34%
2016 15.70% 20.00%
2015 -4.27% -4.78%
2014 10.90% 14.75%
2013 29.41% 33.46%
2012 13.79% 18.51%
2011 -4.59% -1.38%
2010 24.74% -
2009 25.99% -
2008 -39.90% -
2007 -0.12% -
2006 11.59% -
2005 7.41% -
2004 23.33% -
2003 24.21% -
2002 -10.36% -
2001 7.39% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 13.81% - - - 21.96%
2020 -30.56% 19.97% -0.18% 22.60% 1.94%
2019 13.20% 1.27% 1.22% 5.18% 22.04%
2018 -1.94% 0.84% 3.90% -17.47% -15.20%
2017 2.36% 1.39% -0.08% 2.45% 6.25%
2016 1.69% 3.54% 4.04% 5.62% 15.70%
2015 3.32% -1.49% -8.46% 2.74% -4.27%
2014 2.99% 4.91% -3.45% 6.31% 10.90%
2013 12.02% 1.65% 4.60% 8.65% 29.41%
2012 11.31% -7.30% 5.38% 4.65% 13.79%
2011 7.88% -0.12% -22.48% 14.23% -4.59%
2010 7.17% -9.47% 12.29% 14.50% 24.74%
2009 -12.39% 14.25% 19.27% 5.53% 25.99%
2008 -13.47% -0.07% -11.66% -21.32% -39.90%
2007 4.84% 5.81% -3.95% -6.27% -0.12%
2006 3.51% -3.06% 2.24% 8.76% 11.59%
2005 -0.34% 2.11% 4.04% 1.46% 7.41%
2004 6.39% 2.46% 0.10% 13.03% 23.33%
2003 -7.94% 15.22% 4.36% 12.20% 24.21%
2002 5.55% -6.31% -14.81% 6.41% -10.36%
2001 -2.17% 5.17% -8.18% 13.66% 7.39%
2000 10.63% 6.65% 12.68% 14.63% 52.39%
1999 -6.45% 17.39% -7.73% 2.27% 3.62%
1998 8.18% -0.14% -17.43% 10.68% -1.28%
1997 - - 11.86% 1.90% 27.51%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 03/31/2021

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuations over a long term horizon.
  • We initiated a position in Pioneer Natural Resources Co., an independent oil and gas exploration and production company. The company recently acquired Parsley Energy in an all-stock transaction. We view the fundamentals of the combined companies favorably.
  • We also initiated a position in shares of BJ’s Wholesale Club Holdings, Inc., a membership warehouse club. We view the warehouse club model as one of the more attractive within brick & mortar retailing due to the high percentage and sustainability of income derived from membership fees. In addition to growing membership and membership fee income, management is focused on driving margin improvement by expanding its private label and general merchandise offerings, accelerating store count growth and returning capital to shareholders.
  • We sold the Fund’s position in Avery Dennison Corp., Inc., a manufacturer and distributor of labeling and packaging materials, in favor of other investment opportunities consistent with our normalized free cash flow methodology.
  • We also sold the Fund’s position in Synopsys, Inc., an electronic design a design automation company, in favor of other investment opportunities consistent with our normalized free cash flow methodology.

PORTFOLIO DETAILS as of 04/30/2021

Total Net Assets
$1.52 B
Number of Holdings
75
Weighted Average Market Cap.
17.1 B
P/B Ratio
2.8x
Portfolio Turnover Ratio as of 12/31/2020
63.4%
P/E Ratio
22.8x

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
Williams-Sonoma Inc 0.8%
CIT Group, Inc. 0.8%
East West Bancorp, Inc. 0.7%
Hartford Financial Services Group Inc/The 0.7%
Pioneer Natural Resources Co 0.4%

Detractors

Holding Contribution
Alexandria Real Estate Equities, Inc. -0.1%
Euronet Worldwide Inc -0.1%
American Water Works Co Inc -0.1%
Edison International -0.1%
Reynolds Consumer Prods -0.1%

Attribution Analysis 

Mid Cap Stock 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

For
YTD Dividends Paidas of 06/11/2021
$0
Dividend Frequency
Semi-Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2020 12/18/2020 12/18/2020 $0.11230 $26.55

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
07/28/2021 07/29/2021 07/29/2021
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
12/17/2019 12/18/2019 $0.6596 - $0.6596 $26.26

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
07/28/2021 07/29/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 05/31/2021

1.77%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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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
Publish Date:11/03/2015

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The Russell Midcap® Value Index measures the performance of those Russell Midcap companies with lower price-to-book ratios and lower forecasted growth values. The stocks are also members of the Russell 1000 Value index.

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