Multi-Asset Balanced Opportunity Fund

LABFX

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Daily price w/o sales charge as of 06/25/2019

$11.30

$0.06

YTD Returns w/o sales charge as of 06/25/2019

13.36%

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Summary

What is the Multi-Asset Balanced Opportunity Fund?

The Fund seeks to deliver long-term growth of capital with current monthly income by investing primarily in Lord Abbett Funds that invest in a wide variety of U.S. stocks and bonds along with select international securities.

DIVERSE ASSETS

This Fund is designed with the flexibility to invest in bonds, stocks, and currencies from around the world.

TACTICALLY MANAGED

The investment team can rapidly shift allocations based on market opportunities and to hedge unwanted exposures.

STRONG GROWTH WITH INCOME

Led by a senior Investment Committee, the Fund has delivered competitive performance and attractive income.

Yield

12-Month Dividend Yield ¹ as of 06/25/2019

w/o sales charge	3.42%
w/ sales charge	3.34%

30-Day Standardized Yield ² as of 05/31/2019

1.91%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Basicsas of 05/31/2019

Total Net Assets: $1.43 B
Inception Date: 12/27/1994
Dividend Frequency: Monthly
Fund Expense Ratio: 1.23%
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

1.23%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/27/1994

w/o sales charge	9.98%	0.67%	6.27%	3.42%	8.17%	6.90%
Lipper Category Avg. Mixed-Asset Target Alloc Moderate Funds	7.21%	1.42%	5.85%	3.92%	7.69%	-
Russell 1000® Index	11.05%	3.47%	11.68%	9.45%	14.02%	9.80%
w/ sales charge	7.52%	-1.60%	5.46%	2.94%	7.93%	6.80%

Fund Expense Ratio :

1.23%

Fund Expense Ratio :

1.23%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/27/1994

w/o sales charge	11.08%	2.22%	7.53%	4.05%	9.81%	6.99%
Lipper Category Avg. Mixed-Asset Target Alloc Moderate Funds	8.24%	3.17%	6.74%	4.51%	9.04%	-
Russell 1000® Index	14.00%	9.30%	13.52%	10.63%	16.05%	9.99%
w/ sales charge	8.59%	-0.09%	6.72%	3.58%	9.56%	6.89%

Fund Expense Ratio :

1.23%

Returns with sales charges reflect a maximum sales charge of 2.25%.

The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Investment Team

Giulio Martini

Partner, Director of Strategic Asset Allocation

34 Years of Industry Experience

Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Jeffrey Herzog, Ph.D.

Portfolio Manager

10 Years of Industry Experience

David B. Ritt, CFA

Portfolio Manager

21 Years of Industry Experience

Supported By 8 Investment Professionals with 27 Years Avg. Industry Experience

Years experience refers to industry experience.

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Performance

12-Month Dividend Yield ¹ as of 06/25/2019

w/o sales charge	3.42%
w/ sales charge	3.34%

30-Day Standardized Yield ² as of 05/31/2019

	Subsidized⁵	Un-Subsidized⁶
w/o sales charge	1.91%	1.91%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

1.23%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/27/1994

w/o sales charge	9.98%	0.67%	6.27%	3.42%	8.17%	6.90%
Lipper Category Avg. Mixed-Asset Target Alloc Moderate Funds	7.21%	1.42%	5.85%	3.92%	7.69%	-
Russell 1000® Index	11.05%	3.47%	11.68%	9.45%	14.02%	9.80%
w/ sales charge	7.52%	-1.60%	5.46%	2.94%	7.93%	6.80%

Fund Expense Ratio :

1.23%

Fund Expense Ratio :

1.23%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 12/27/1994

w/o sales charge	11.08%	2.22%	7.53%	4.05%	9.81%	6.99%
Lipper Category Avg. Mixed-Asset Target Alloc Moderate Funds	8.24%	3.17%	6.74%	4.51%	9.04%	-
Russell 1000® Index	14.00%	9.30%	13.52%	10.63%	16.05%	9.99%
w/ sales charge	8.59%	-0.09%	6.72%	3.58%	9.56%	6.89%

Fund Expense Ratio :

1.23%

Returns with sales charges reflect a maximum sales charge of 2.25%.

Year	Fund Returns	Russell 1000® Index

2018	-8.76%	-4.78%
2017	10.49%	21.69%
2016	11.57%	12.05%
2015	-5.25%	0.92%
2014	5.85%	13.24%
2013	18.03%	33.11%
2012	14.70%	16.42%
2011	-3.40%	1.50%
2010	11.87%	16.10%
2009	31.96%	28.43%
2008	-28.59%	-
2007	5.89%	-
2006	12.65%	-
2005	2.47%	-
2004	10.22%	-
2003	24.45%	-
2002	-10.93%	-
2001	-1.81%	-
2000	7.43%	-
1999	11.01%	-

Year	Q1	Q2	Q3	Q4	Yearly Returns

2019	11.08%	-	-	-	13.36%
2018	-0.85%	0.14%	4.11%	-11.74%	-8.76%
2017	3.21%	1.55%	2.25%	3.10%	10.49%
2016	0.49%	2.92%	4.57%	3.17%	11.57%
2015	2.09%	-0.61%	-7.78%	1.26%	-5.25%
2014	2.75%	3.92%	-2.57%	1.75%	5.85%
2013	6.73%	0.15%	4.66%	5.51%	18.03%
2012	9.37%	-3.67%	5.31%	3.38%	14.70%
2011	4.43%	-0.10%	-14.27%	8.01%	-3.40%
2010	3.94%	-8.59%	9.80%	7.23%	11.87%
2009	-5.13%	15.78%	15.27%	4.23%	31.96%
2008	-6.47%	-1.58%	-8.08%	-15.60%	-28.59%
2007	1.55%	3.29%	2.49%	-1.51%	5.89%
2006	3.79%	-0.59%	4.88%	4.10%	12.65%
2005	-2.02%	0.51%	2.59%	1.42%	2.47%
2004	2.23%	0.24%	0.06%	7.49%	10.22%
2003	-2.06%	13.18%	2.37%	9.67%	24.45%
2002	1.81%	-7.58%	-11.91%	7.46%	-10.93%
2001	-4.15%	3.18%	-8.28%	8.25%	-1.81%
2000	0.73%	-1.25%	4.96%	2.90%	7.43%
1999	2.36%	5.94%	-4.16%	6.82%	11.01%
1998	5.66%	0.39%	-8.57%	12.21%	8.82%
1997	1.25%	8.66%	5.01%	1.54%	17.32%
1996	1.77%	-0.12%	1.44%	5.75%	9.05%
1995	6.05%	5.86%	4.43%	4.72%	22.78%
1994	-	-	-	-	-0.21%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 05/31/2019

The chart begins on the Fund's inception date of 12/27/1994.

Based on a hypothetical Class A share investment of $10,000 on 12/27/1994 without sales charge and includes the reinvestment of all distributions.

NAV Historical Prices

Date	Net Asset Value

Portfolio

Portfolio Positioning as of 03/31/2019

Risk assets bounced back significantly in the first quarter of 2019. Despite falling to 52-week lows in late December 2018, U.S. stocks climbed to near their all-time peaks by the end of March 2019. This dramatic reversal was driven by several factors: the reversal of expectations about the U.S. Federal Reserve’s monetary policy, the easing of the U.S.-China trade tensions, as well as a continued healthy economic backdrop. The Federal Reserve held the target range for the federal funds rate in a range of 2.25% - 2.50% in March, implying that there would be no interest rate increases in 2019 and only one increase in 2020. Background talk surfaced of even a possible interest rate reduction late this year or next year. In addition to the Fed’s monetary policy agenda, macro fundamentals remained supportive overall as actual corporate earnings continued to be strong, and the unemployment rate ticked back down to 3.8% (largely due to the negative impact of the government shutdown rolling off).
The U.S. yield curve flattened significantly in the first quarter, with the 3-month and 10-year Treasuries inverting briefly, prompting fears of an imminent recession. However, broad financial conditions are highly accommodative and conducive to growth and the Index of Leading Economic Indicators suggests faster growth to follow the recent slowdown. The Atlanta Fed has revised its estimate for 2019Q1 U.S. GDP growth from under 0.5% to 2.1% now.
Credit spreads have tightened this year after widening significantly at the tail end of 2018. We believe that there is still room to tighten further given that valuations are still well below recent peaks and given that we could experience sustained economic growth and low inflation going forward. Thus, the risk/reward profile of risk assets such as convertibles, high yield bonds and stocks continues to be relatively attractive.
As such, we maintained the portfolio’s allocation towards large cap equities this quarter. We also maintained exposure to both high yield and convertible bonds. With valuations still attractive and the overall macro environment still favorable, we feel that risk assets in the U.S. may be poised to perform well.
Additionally, we shifted some of the portfolio’s U.S. equity exposure to international equities. Even though U.S. equities are not technically expensive on a historic price-to-earnings basis, the domestic U.S. equity market is trading at a 12-13% premium to international market. We believe there is opportunity in international markets, specifically in Europe, as this premium falls closer to the 5% historical average.

Holding	Assets
High Yield Fund	15.4%
Mid Cap Stock Fund	14.0%
Fundamental Equity Fund	13.6%
Growth Opportunities Fund	11.2%
Growth Leaders Fund	8.9%
Convertible Fund	8.6%
Ultra Short Bond Fund	6.8%
International Equity Fund	5.6%
International Value Fund	5.5%
Emerging Markets Bond Fund	5.2%
Inflation Focused Fund	4.8%

The Fund invests principally in the underlying funds. The percentages shown are based on individual securities owned in one or more of the underlying funds. The Fund may also invest directly in derivatives. The Fund’s portfolio is actively managed and therefore, its percentage allocations may change from time to time. Holdings are for informational purposes only and are not a recommendation to buy, sell, or hold any security.

Holding	Assets

EURO STOXX 50 JUN19	1.6%
MSCI EMGMKT JUN19	1.1%
US ULTRA BOND CBT JUN19	-0.8%
MSCI EAFE JUN19	-2.3%
NASDAQ 100 E-MINI JUN19	-2.5%
S&P500 EMINI FUT JUN19	-3.1%
Forward Volatility Agreement 1Y2Y5Y 3/5/20	-3.1%
US 10YR NOTE (CBT)JUN19	-3.1%

Equity Sector Allocation as of 05/31/2019

Sector	Assets
Information Technology
Financials
Industrials
Health Care
Consumer Discretionary
Energy
Consumer Staples
Telecommunication Services
Real Estate
Materials
Utilities
Unclassified

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 06/25/2019: $0.068
Dividend Frequency: Monthly

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
06/17/2019	06/18/2019	06/18/2019	$0.00690	$11.30
05/30/2019	05/31/2019	05/31/2019	$0.01010	$10.97
04/29/2019	04/30/2019	04/30/2019	$0.01020	$11.36
03/28/2019	03/29/2019	03/29/2019	$0.01980	$11.10
02/27/2019	02/28/2019	02/28/2019	$0.01530	$11.06
01/30/2019	01/31/2019	01/31/2019	$0.00640	$10.75

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
08/29/2019	08/30/2019	08/30/2019
09/26/2019	09/27/2019	09/27/2019
10/30/2019	10/31/2019	10/31/2019
11/26/2019	11/27/2019	11/27/2019
12/26/2019	12/27/2019	12/27/2019

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
12/19/2018	12/20/2018	$0.3306	$0.0114	$0.3420	$9.97

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Upcoming Capital Gain Distribution

Record Date	Ex-Dividend Date
12/19/2019	12/20/2019

Fees & Expenses

Sales Charge Schedule as of 06/25/2019

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $100,000	2.25%	2.00%	$11.56
$100,000 to $249,999	1.75%	1.50%	$11.50
$250,000 to $499,999	1.25%	1.00%	$11.44
$500,000 to $999,999	0.00%	1.00%	$11.30
$1,000,000 to $5,000,000	0.00%	1.00%	$11.30

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers Click here.

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

Rights of Accumulation - A purchaser may combine the value of Class A, B, C, F, and P shares of any eligible fund currently owned with a new purchase of Class A shares of any eligible fund in order to reduce the sales charge on the new purchase. Class I, R2, and R3 share holdings may not be combined for these purposes.

To the extent that your financial intermediary is able to do so, the value of Class A, B, C, F, and P shares of eligible funds determined for the purpose of reducing the sales charge of a new purchase under the Rights of Accumulation will be calculated at the higher of: 1) the aggregate current maximum offering price of your existing Class A, B, C, F, and P shares of eligible funds or 2) the aggregate amount you invested in such shares (including dividend reinvestments but excluding capital appreciation) less any withdrawals. You should retain any information and account records necessary to substantiate the historical amounts you and any related purchasers have invested in eligible funds. You must inform a fund and/or your financial intermediary at the time of purchase if you believe your purchase qualifies for a reduced sales charge; you may be requested to provide documentation of your holdings in order to verify your eligibility. If you do not do so, you may not receive all sales charge reductions for which you are eligible.
Letter of Intention — In order to reduce your Class A front-end sales charge, a purchaser may combine purchases of Class A, B, C, F, and P shares of any eligible fund the purchaser intends to make over the next 13 months in determining the applicable sales charge. The 13-month Letter of Intention period commences on the day that the Letter of Intention is received by a fund, and the purchaser must tell a fund that later purchases are subject to the Letter of Intention. Purchases submitted prior to the date the Letter of Intention is received by a fund are not counted toward the sales charge reduction. Current holdings under Rights of Accumulation may be included in a Letter of Intention in order to reduce the sales charge for purchases during the 13-month period covered by the Letter of Intention. Shares purchased through reinvestment of dividends or distributions are not included. Class I, R2, and R3 share holdings may not be combined for these purposes. Class A shares valued at 5% of the amount of intended purchases are escrowed and may be redeemed to cover the additional sales charges payable if the intended purchases under the Letter of Intention is not completed. The Letter of Intention is neither a binding obligation on you to buy nor on a fund to sell any or all of an intended purchase amount.

Purchaser — A purchaser includes: 1) an individual; 2) an individual, his or her spouse, and children under the age of 21; 3) retirement and benefit plans, including a 401(k) plan, profit-sharing plan, money purchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, nonprofit organization, school district, or church to which employer contributions are made, as well as SIMPLE IRA plans and SEP-IRA plans; or 4) a trustee or other fiduciary purchasing shares for a single trust, estate, or single fiduciary account. An individual may include under item (1) his or her holdings in eligible funds as described above in IRAs, as a sole participant of a retirement and benefit plan sponsored by the individual's business, and as a participant in a 403(b) plan to which only pretax salary deferrals are made. An individual and his or her spouse may include under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit plans sponsored by a business owned by either or both of them. A retirement and benefit plan under item (3) includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries, and all qualified retirement and benefit plans of multiple employers registered in the name of a single bank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

purchases of $1 million or more (may be subject to a CDSC);
purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

EXPENSE RATIOas of 05/31/2019

1.23%

Fund Documents

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	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	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
	Capital Markets Presentation Publish Date:11/03/2015
	Brochure Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

12-Month Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its value with maximum sales charges and without sales charges. The fund’s dividend yield is calculated by dividing the fund’s income distributions over the previous year by the fund’s current value with maximum sales charges and without sales charges.

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

The 30-day Standardized Subsidized yield reflects fee waivers in effect. Without such fee waivers, yields would be reduced.

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

IMPORTANT INFORMATION

A Note about Risk: The Fund invests in underlying funds that may engage in a variety of investment strategies involving certain risks; the Fund is subject to the particular risks of an underlying fund in proportion to a respective investment. Performance of an underlying fund may be lower than the performance of the asset class it represents. The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy. Investments in small and/or mid-sized company stocks typically involve greater risk, particularly in the short term, than those in larger, more established companies. Investments in either growth or value stocks may shift in and out of favor for long periods of time, depending on market and economic conditions. The Fund is subject to the risks associated with fixed income securities that are generally subject to interest rate risk, credit risk, and liquidity risk. These risks are greater for high yield fixed income securities. Foreign securities may pose greater risks than domestic securities, including greater price fluctuation, less government regulation, and higher transaction costs. Foreign investments also may be affected by changes in currency rates or currency controls. Investing internationally involves risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and the limited availability of information. In addition, the Fund is subject to the risks associated with derivatives, which may be different from and greater than the risks associated with investing directly in securities and other investments. These factors can affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

Class A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

The Russell 1000® Index measures the performance of the 1,000 largest companies in the Russell 3000 Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index.

The Bloomberg Barclays U.S. Aggregate Bond Index represents securities that are SEC-registered, taxable, and dollar denominated. The index covers the U.S. investment grade fixed rate bond market, with index components for government and corporate securities, mortgage pass-through securities, and asset-backed securities. Total return comprises price appreciation/depreciation and income as a percentage of the original investment.

The BofA Merrill Lynch U.S. High Yield Constrained Index is a capitalization-weighted index of all US dollar denominated below investment grade corporate debt publicly issued in the US domestic market. Qualifying securities must have a below investment grade rating (based on an average of Moody’s, S&P and Fitch), at least 18 months to final maturity at the time of issuance, at least one year remaining term to final maturity as of the rebalancing date, a fixed coupon schedule and a minimum amount outstanding of $100 million. The index caps individual issuer at 2%. Index constituents are capitalization-weighted, based on their current amount outstanding, provided the total allocation to an individual issuer does not exceed 2%. Issuers that exceed the limit are reduced to 2% and the face value of each of their bonds is adjusted on a pro-rata basis. The face values of bonds of all other issuers that fall below the 2% cap are increased on a pro-rata basis. In the event there are fewer than 50 issuers in the Index, each is equally weighted and the face values of their respective bonds are increased or decreased on a pro-rata basis.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

The Russell 1000 Index® measures the performance of the 1,000 largest companies in the Russell 3000 Index, which represents approximately 92% of the total market capitalization of the Russell 3000 Index.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

Gross Expense Ratio includes Management fees, Distribution and Service (12b-1) fees, Acquired Fund Fees and Expenses, and Other Expenses.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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Lord Abbett aspires to be the most respected asset manager in the world. Rooted in the values that have shaped the firm since our founding in 1929, our vision continues to guide our actions and strengthen our culture.

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Summary

Summary

What is the Multi-Asset Balanced Opportunity Fund?

The Fund seeks to deliver long-term growth of capital with current monthly income by investing primarily in Lord Abbett Funds that invest in a wide variety of U.S. stocks and bonds along with select international securities.

DIVERSE ASSETS

TACTICALLY MANAGED

STRONG GROWTH WITH INCOME

Yield

12-Month Dividend Yield 1 as of 06/25/2019

30-Day Standardized Yield 2 as of 05/31/2019

Fund Basicsas of 05/31/2019

Fund Expense Ratio :

1.23%

Fund Expense Ratio :

1.23%

Fund Expense Ratio :

1.23%

Fund Expense Ratio :

1.23%

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Performance

Performance

12-Month Dividend Yield 1 as of 06/25/2019

30-Day Standardized Yield 2 as of 05/31/2019

Fund Expense Ratio :

1.23%

Fund Expense Ratio :

1.23%

Fund Expense Ratio :

1.23%

Fund Expense Ratio :

1.23%

Growth of $10,000 as of 05/31/2019

NAV Historical Prices

Portfolio

Portfolio

Portfolio Positioning as of 03/31/2019

Equity Sector Allocation as of 05/31/2019

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Upcoming Capital Gain Distribution

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 06/25/2019

EXPENSE RATIOas of 05/31/2019

12-Month Dividend Yield ¹ as of 06/25/2019

30-Day Standardized Yield ² as of 05/31/2019

12-Month Dividend Yield ¹ as of 06/25/2019

30-Day Standardized Yield ² as of 05/31/2019