BFLAX | Multi-Asset Balanced Opportunity Fund Class C | Lord Abbett
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Multi-Asset Balanced Opportunity Fund

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

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 10/27/2020  

w/o sales charge 1.19%

30-Day Standardized Yield 2 as of 09/30/2020  

0.70%

Fund Basicsas of 09/30/2020

Total Net Assets
$2.35 B
Inception Date
07/15/1996
Dividend Frequency
Monthly
Fund Expense Ratio
2.00%
Minimum Initial Investment
$1,500+

Fund Expense Ratio :

2.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 4.24% 9.93% 5.05% 6.69% 6.37% 6.00%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds 1.16% 5.65% 4.91% 6.70% 6.59% -
Russell 1000® Index 6.40% 16.01% 12.38% 14.09% 13.76% 9.38%
w/ sales charge 3.24% 9.93% 5.05% 6.69% 6.37% 6.00%

Fund Expense Ratio :

2.00%

Fund Expense Ratio :

2.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 4.24% 9.93% 5.05% 6.69% 6.37% 6.00%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds 1.16% 5.65% 4.91% 6.70% 6.59% -
Russell 1000® Index 6.40% 16.01% 12.38% 14.09% 13.76% 9.38%
w/ sales charge 3.24% 9.93% 5.05% 6.69% 6.37% 6.00%

Fund Expense Ratio :

2.00%

INVESTMENT TEAM

Giulio Martini
Giulio Martini

Partner, Director of Strategic Asset Allocation

35 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Director of Taxable Fixed Income

29 Years of Industry Experience

Jeffrey O. Herzog
Jeffrey O. Herzog, Ph.D.

Portfolio Manager

11 Years of Industry Experience

Supported By 7 Investment Professionals with 29 Years Avg. Industry Experience

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Performance

Performance

12-Month Dividend Yield 1 as of 10/27/2020  

w/o sales charge 1.19%

30-Day Standardized Yield 2 as of 09/30/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.70% 0.70%

Fund Expense Ratio :

2.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 4.24% 9.93% 5.05% 6.69% 6.37% 6.00%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds 1.16% 5.65% 4.91% 6.70% 6.59% -
Russell 1000® Index 6.40% 16.01% 12.38% 14.09% 13.76% 9.38%
w/ sales charge 3.24% 9.93% 5.05% 6.69% 6.37% 6.00%

Fund Expense Ratio :

2.00%

Fund Expense Ratio :

2.00%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 07/15/1996
w/o sales charge 4.24% 9.93% 5.05% 6.69% 6.37% 6.00%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds 1.16% 5.65% 4.91% 6.70% 6.59% -
Russell 1000® Index 6.40% 16.01% 12.38% 14.09% 13.76% 9.38%
w/ sales charge 3.24% 9.93% 5.05% 6.69% 6.37% 6.00%

Fund Expense Ratio :

2.00%

Year Fund Returns Russell 1000® Index
2019 19.30% 31.43%
2018 -9.42% -4.78%
2017 9.73% 21.69%
2016 10.71% 12.05%
2015 -5.96% 0.92%
2014 5.04% 13.24%
2013 17.27% 33.11%
2012 13.82% 16.42%
2011 -4.08% 1.50%
2010 11.20% 16.10%
2009 31.11% -
2008 -29.06% -
2007 5.18% -
2006 11.90% -
2005 1.78% -
2004 9.51% -
2003 23.59% -
2002 -11.40% -
2001 -2.24% -
2000 6.79% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -17.07% 18.21% 6.33% - 6.06%
2019 10.75% 2.80% -0.64% 5.46% 19.30%
2018 -1.04% -0.06% 3.94% -11.89% -9.42%
2017 3.04% 1.36% 2.08% 2.93% 9.73%
2016 0.31% 2.74% 4.40% 2.91% 10.71%
2015 1.91% -0.80% -7.91% 1.00% -5.96%
2014 2.50% 3.83% -2.84% 1.59% 5.04%
2013 6.57% -0.04% 4.49% 5.34% 17.27%
2012 9.21% -3.85% 5.14% 3.11% 13.82%
2011 4.30% -0.29% -14.39% 7.73% -4.08%
2010 3.90% -8.76% 9.54% 7.09% 11.20%
2009 -5.22% 15.50% 15.16% 4.00% 31.11%
2008 -6.58% -1.75% -8.26% -15.75% -29.06%
2007 1.40% 3.15% 2.27% -1.67% 5.18%
2006 3.64% -0.74% 4.73% 3.87% 11.90%
2005 -2.17% 0.36% 2.45% 1.18% 1.78%
2004 2.01% 0.18% -0.18% 7.36% 9.51%
2003 -2.32% 13.13% 2.12% 9.53% 23.59%
2002 1.60% -7.70% -12.07% 7.43% -11.40%
2001 -4.40% 3.13% -8.34% 8.18% -2.24%
2000 0.57% -1.33% 4.72% 2.77% 6.79%
1999 1.99% 5.75% -4.31% 6.52% 9.92%
1998 5.50% 0.07% -8.75% 11.91% 7.81%
1997 0.99% 8.31% 4.85% 1.22% 16.09%
1996 - - - 5.57% 10.90%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2020

  • Within U.S. equities generally, we have created a barbell positioning between innovative growth and deep value strategies. We believe innovative companies will displace vulnerable, aging business models, while deep value stocks have historically outperformed during periods of recovery after a recession.
  • Credit spreads have fallen well off their peaks this quarter. However, we believe that there is room to tighten further, as spreads are still above long term averages. Thus, the risk/reward profile of risk assets such as convertibles, bank loans, and high yield bonds continues to be relatively attractive.
  • We are constructive on Emerging Markets and non-U.S. developed markets, primarily in Asia. As the first nation to begin to recover from the coronavirus pandemic, China’s economic reopening has looked convincing and the industrial economy has picked up robustly. There remains heightened uncertainty around the U.S.’s ability to eliminate the virus, as a second wave of infections has afflicted multiple states.
Holding Assets
Growth Leaders Fund 15.9%
High Yield Fund 14.5%
Focused Large Cap Value Fund 11.6%
Fundamental Equity Fund 8.1%
Durable Growth Fund 7.7%
Convertible Fund 6.3%
International Equity Fund 5.6%
International Value Fund 5.5%
Growth Opportunities Fund 5.4%
Emerging Markets Bond Fund 5.0%
Mid Cap Stock Fund 4.2%
Intermediate Tax Free Fund 3.4%
Core Fixed Income Fund 3.1%
Inflation Focused Fund 2.7%
Holding Assets
US ULTRA BOND CBT DEC203.7%
MSCI EMGMKT SEP201.6%
FX JPY/EUR 09/200.2%
FX EUR/JPY 09/200.2%
FX JPY/EUR 12/200.2%
FX JPY/EUR 11/200.2%
FX EUR/JPY 11/200.2%
FX EUR/JPY 12/200.2%
Short EUR Put JPY Call 2/12/21-1.5%
Long EUR Put JPY Call 12/4/20-1.5%
Short EUR Put JPY Call 9/25/20-1.5%
Long EUR Put JPY Call 11/5/20-1.5%
Long EUR Put JPY Call 11/20/20-1.5%
Short EUR Put JPY Call 12/9/20-1.5%
Long EUR Put JPY Call 10/9/20-1.5%
Long EUR Put JPY Call 12/18/20-1.5%
Short EUR Put JPY Call 11/5/20-1.5%
Short EUR Put JPY Call 11/20/20-1.5%
Short EUR Put JPY Call 12/4/20-1.5%
Long EUR Put JPY Call 2/12/21-1.5%
Short EUR Put JPY Call 10/9/20-1.5%
Long EUR Put JPY Call 9/25/20-1.5%
Short EUR Put JPY Call 12/18/20-1.5%
MSCI EAFE SEP20-1.5%
Long EUR Put JPY Call 12/9/20-1.5%
E-MINI RUSS 2000 SEP20-2.2%
S&P500 EMINI FUT SEP20-7.1%

Equity Sector Allocation as of 09/30/2020

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 10/27/2020
$0.037
Dividend Frequency
Monthly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
09/29/2020 09/30/2020 09/30/2020 $0.00710 $12.03
06/29/2020 06/30/2020 06/30/2020 $0.00860 $11.32
05/28/2020 05/29/2020 05/29/2020 $0.00260 $10.95
04/29/2020 04/30/2020 04/30/2020 $0.00440 $10.34
03/30/2020 03/31/2020 03/31/2020 $0.00820 $9.59
02/27/2020 02/28/2020 02/28/2020 $0.00290 $11.03
01/30/2020 01/31/2020 01/31/2020 $0.00360 $11.52

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
10/29/2020 10/30/2020 10/30/2020
11/24/2020 11/25/2020 11/25/2020
12/29/2020 12/30/2020 12/30/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/19/2019 12/20/2019 $0.1424 - $0.1424 $11.59

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
12/21/2020 12/22/2020

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 09/30/2020

2.00%

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
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.

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.

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