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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 06/28/2019

Total Net Assets
$1.81 B
Inception Date
05/01/1997
Dividend Frequency
Semi-Annually
Fund Expense Ratio
1.73%
Number of Holdings
81
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

1.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 14.63% -1.70% 4.31% 3.26% 10.84% 8.34%
Lipper Category Avg. Mid-Cap Value Funds 16.15% -1.06% 7.71% 4.66% 12.49% -
Russell Midcap® Value Index 18.02% 3.68% 8.95% 6.72% 14.56% 10.08%
w/ sales charge 13.63% -1.70% 4.31% 3.26% 10.84% 8.34%

Fund Expense Ratio :

1.73%

Fund Expense Ratio :

1.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 14.63% -1.70% 4.31% 3.26% 10.84% 8.34%
Lipper Category Avg. Mid-Cap Value Funds 16.15% -1.06% 7.71% 4.66% 12.49% -
Russell Midcap® Value Index 18.02% 3.68% 8.95% 6.72% 14.56% 10.08%
w/ sales charge 13.63% -1.70% 4.31% 3.26% 10.84% 8.34%

Fund Expense Ratio :

1.73%

RELATED CONTENT

Lord Abbett Mid Cap Value Strategy: Three-Part Harmony
March 8, 2017

Blending astute stock selection, research, and risk management to deliver alpha

TEN LARGEST HOLDINGS as of 06/28/2019View Portfolio

Holding Assets
Edison International 2.1%
Hartford Financial Services Group, Inc. 2.0%
FirstEnergy Corp. 2.0%
Axis Capital Holdings Ltd. 2.0%
EMCOR Group, Inc. 2.0%
Stanley Black & Decker, Inc. 1.9%
Alexandria Real Estate Equities, Inc. 1.9%
Western Union Co. 1.8%
Lundin Mining Corp. 1.8%
Cummins, Inc. 1.8%

INVESTMENT TEAM

Eli Rabinowich
Eli Rabinowich

Portfolio Manager

15 Years of Industry Experience

Jeff Diamond
Jeff Diamond, CFA

Portfolio Manager

32 Years of Industry Experience

So Young Lee
So Young Lee

Portfolio Manager

19 Years of Industry Experience

Supported By 38 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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

Performance

Performance

Fund Expense Ratio :

1.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 14.63% -1.70% 4.31% 3.26% 10.84% 8.34%
Lipper Category Avg. Mid-Cap Value Funds 16.15% -1.06% 7.71% 4.66% 12.49% -
Russell Midcap® Value Index 18.02% 3.68% 8.95% 6.72% 14.56% 10.08%
w/ sales charge 13.63% -1.70% 4.31% 3.26% 10.84% 8.34%

Fund Expense Ratio :

1.73%

Fund Expense Ratio :

1.73%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 05/01/1997
w/o sales charge 14.63% -1.70% 4.31% 3.26% 10.84% 8.34%
Lipper Category Avg. Mid-Cap Value Funds 16.15% -1.06% 7.71% 4.66% 12.49% -
Russell Midcap® Value Index 18.02% 3.68% 8.95% 6.72% 14.56% 10.08%
w/ sales charge 13.63% -1.70% 4.31% 3.26% 10.84% 8.34%

Fund Expense Ratio :

1.73%

Year Fund Returns Russell Midcap® Value Index
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% 24.75%
2009 25.99% 34.21%
2008 -39.90% -
2007 -0.12% -
2006 11.59% -
2005 7.41% -
2004 23.33% -
2003 24.21% -
2002 -10.36% -
2001 7.39% -
2000 52.39% -
1999 3.62% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2019 13.20% 1.27% - - 14.50%
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 06/30/2019

  • The portfolio 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 shares of Clorox Co., a diversified manufacturer of household consumer and professional products.  Recent competitive pressure in certain product lines has depressed near-term free cash flow growth. We believe this has created an attractive entry point for investment as these pressures are largely transitory and we are confident that management’s actions will be effective in restoring competitive balance over time.
  • We also initiated a position in shares of Universal Health Services, a leading operator of acute care hospitals and behavioral health facilities. Changes in Medicaid reimbursement have pressured margins in the U.S. behavioral business. We expect these pressures to stabilize, which may allow margins to expand over time. We also believe that management has shown themselves to be good stewards of capital through acquisitions, capital investments, and returns to shareholders.
  • We eliminated the portfolio's position in PerkinElmer, Inc., a global corporation focused on diagnostic, life science research, and industrial testing, which was consistent with our normalized free cash flow framework.

PORTFOLIO DETAILS as of 06/28/2019

Total Net Assets
$1.81 B
Number of Holdings
81
Weighted Average Market Cap.
12.8 B
P/B Ratio
2.0x
P/E Ratio
17.2x

Contributors & Detractors as of  06/28/2019

Contributors

Holding Contribution
RenaissanceRe Holdings Ltd. 0.3%
EMCOR Group, Inc. 0.3%
Lundin Mining Corp. 0.3%
ARAMARK Holdings Corp. 0.2%
Hartford Financial Services Group, Inc. 0.2%

Detractors

Holding Contribution
Urban Outfitters, Inc. -0.5%
Foot Locker, Inc. -0.5%
Conduent, Inc. -0.5%
Mylan, Inc. -0.2%
TreeHouse Foods, Inc. -0.2%

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 07/19/2019
$0
Dividend Frequency
Semi-Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
07/30/2018 07/31/2018 07/31/2018 $0.00270 $28.27

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
07/30/2019 07/31/2019 07/31/2019
12/17/2019 12/18/2019 12/18/2019

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2018 12/18/2018 $1.3167 - $1.3167 $22.72

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
07/30/2019 07/31/2019

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 06/30/2019

1.73%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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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
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.

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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