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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 05/28/2020  

w/o sales charge 2.03%

30-Day Standardized Yield 2 as of 04/30/2020  

2.02%

Fund Basicsas of 04/30/2020

Total Net Assets
$2.12 B
Inception Date
12/31/2002
Dividend Frequency
Monthly
Fund Expense Ratio
1.45%

Fund Expense Ratio :

1.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2002
w/o sales charge -10.35% -5.43% 1.34% 1.98% 5.19% 5.97%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds -7.92% -1.90% 3.10% 3.26% 5.64% -
Russell 1000® Index -9.68% 0.09% 8.68% 8.74% 11.57% 9.53%

Fund Expense Ratio :

1.45%

Fund Expense Ratio :

1.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2002
w/o sales charge -16.91% -10.14% -0.99% 0.66% 4.53% 5.53%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds -13.72% -6.32% 1.19% 2.07% 5.08% -
Russell 1000® Index -20.22% -8.03% 4.64% 6.22% 10.39% 8.79%

Fund Expense Ratio :

1.45%

INVESTMENT TEAM

Giulio Martini
Giulio Martini

Partner, Director of Strategic Asset Allocation

35 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

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 05/28/2020  

w/o sales charge 2.03%

30-Day Standardized Yield 2 as of 04/30/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 2.02% 2.02%

Fund Expense Ratio :

1.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2002
w/o sales charge -10.35% -5.43% 1.34% 1.98% 5.19% 5.97%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds -7.92% -1.90% 3.10% 3.26% 5.64% -
Russell 1000® Index -9.68% 0.09% 8.68% 8.74% 11.57% 9.53%

Fund Expense Ratio :

1.45%

Fund Expense Ratio :

1.45%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/31/2002
w/o sales charge -16.91% -10.14% -0.99% 0.66% 4.53% 5.53%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds -13.72% -6.32% 1.19% 2.07% 5.08% -
Russell 1000® Index -20.22% -8.03% 4.64% 6.22% 10.39% 8.79%

Fund Expense Ratio :

1.45%

Year Fund Returns Russell 1000® Index
2019 20.03% 31.43%
2018 -8.98% -4.78%
2017 10.32% 21.69%
2016 11.30% 12.05%
2015 -5.46% 0.92%
2014 5.66% 13.24%
2013 17.86% 33.11%
2012 14.41% 16.42%
2011 -3.51% 1.50%
2010 11.80% 16.10%
2009 31.81% -
2008 -28.68% -
2007 5.83% -
2006 12.50% -
2005 2.34% -
2004 10.12% -
2003 23.93% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -16.91% - - - -5.16%
2019 10.99% 2.92% -0.49% 5.59% 20.03%
2018 -0.90% 0.10% 3.98% -11.76% -8.98%
2017 3.17% 1.50% 2.21% 3.06% 10.32%
2016 0.44% 2.78% 4.63% 3.04% 11.30%
2015 1.96% -0.58% -7.85% 1.22% -5.46%
2014 2.70% 3.88% -2.71% 1.79% 5.66%
2013 6.70% 0.10% 4.62% 5.47% 17.86%
2012 9.34% -3.82% 5.28% 3.34% 14.41%
2011 4.42% -0.16% -14.28% 7.98% -3.51%
2010 4.03% -8.64% 9.69% 7.23% 11.80%
2009 -5.06% 15.65% 15.30% 4.12% 31.81%
2008 -6.52% -1.61% -8.13% -15.59% -28.68%
2007 1.54% 3.29% 2.40% -1.46% 5.83%
2006 3.78% -0.61% 4.87% 4.00% 12.50%
2005 -2.04% 0.51% 2.59% 1.32% 2.34%
2004 2.17% 0.23% 0.05% 7.48% 10.12%
2003 -2.29% 13.10% 2.25% 9.68% 23.93%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 03/31/2020

  • Within U.S. equities generally, we decreased our exposure gradually throughout  the quarter. Equities had a very strong year in 2019, and we believe that the coronavirus fueled fears of slowing global economic growth make this is an opportune time to reallocate to asset classes with a more attractive return opportunity this year.
  • Credit spreads widened significantly this quarter. Within high yield, spreads have already priced in a severe default outcome, beyond that which we believe is reasonable. We believe that there is ample room to tighten from these high levels. Thus, the risk/reward profile of risk assets such as convertibles , bank loans, and high yield bonds continues to be relatively attractive.
  • In today’s environment of unprecedented uncertainty, it is too early to know whether a rapid recovery or an extended bear market in risk assets will occur. That being said, with the tremendous monetary and fiscal policy measures elicited by the powerful negative shock to GDP, we see opportunities in short duration investment grade paper as it currently provides high excess yield with limited credit risk. Additionally, with high yield spreads already pricing in a severe default outcome, we remain constructive on this asset class as well.
Holding Assets
High Yield Fund 16.2%
Fundamental Equity Fund 15.4%
Growth Leaders Fund 10.6%
Convertible Fund 6.5%
Emerging Markets Bond Fund 5.4%
Core Fixed Income Fund 5.0%
International Equity Fund 4.9%
International Value Fund 4.7%
Growth Opportunities Fund 4.6%
Mid Cap Stock Fund 4.4%
Floating Rate Fund 4.0%
Inflation Focused Fund 2.9%
Ultra Short Bond Fund 1.3%
Holding Assets
US 10YR NOTE (CBT)JUN202.2%
Credit Index Swap0.2%
S&P500 EMINI FUT JUN20-11.4%
FX Vol Swap EUR/USD 5.95% 10/23/20-11.4%
FX Vol Swap EUR/USD 5.425% 5/14/20-11.4%
FX Vol Swap USD/JPY 6.975% 10/23/20-11.4%
FX Vol Swap USD/JPY 6.75% 5/14/20-11.4%

Equity Sector Allocation as of 04/30/2020

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/28/2020
$0.040
Dividend Frequency
Monthly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
04/29/2020 04/30/2020 04/30/2020 $0.00900 $10.36
03/30/2020 03/31/2020 03/31/2020 $0.01320 $9.61
02/27/2020 02/28/2020 02/28/2020 $0.00790 $11.05
01/30/2020 01/31/2020 01/31/2020 $0.00990 $11.54

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
06/29/2020 06/30/2020 06/30/2020
07/30/2020 07/31/2020 07/31/2020
08/27/2020 08/28/2020 08/28/2020
09/29/2020 09/30/2020 09/30/2020
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 $11.61

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 04/30/2020

1.45%

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)
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SAI
Publish Date:11/03/2015
Annual Report
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Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Capital Markets Presentation
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Brochure
Publish Date:11/03/2015

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Class P - Performance is shown at net asset value (NAV). Class P shares are not subject to front-end or back-end sales charges.

Class P shares are only available on a limited basis through certain financial intermediaries and retirement and benefit plans. 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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