LABFX Multi Asset Fund Class A | Lord Abbett

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Multi-Asset Balanced Opportunity Fund

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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

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 07/01/2022  

w/o sales charge 8.55%

30-Day Standardized Yield 2 as of 05/31/2022  

1.65%

Fund Basicsas of 05/31/2022

Total Net Assets
$2.32 B
Inception Date
09/28/2007
Dividend Frequency
Monthly
Fund Expense Ratio
1.52%

Fund Expense Ratio :

1.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -17.98% -16.03% 4.07% 4.24% 6.19% 4.55%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds - - - - - -
Russell 1000® Index -20.94% -13.04% 10.17% 11.00% 12.82% 8.52%

Fund Expense Ratio :

1.52%

Fund Expense Ratio :

1.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -17.98% -16.03% 4.07% 4.24% 6.19% 4.55%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds - - - - - -
Russell 1000® Index -20.94% -13.04% 10.17% 11.00% 12.82% 8.52%

Fund Expense Ratio :

1.52%

INVESTMENT TEAM

Giulio Martini
Giulio Martini

Partner, Director of Strategic Asset Allocation

37 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Head of Taxable Fixed Income

31 Years of Industry Experience

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

Portfolio Manager

13 Years of Industry Experience

Supported By 7 Investment Professionals with 27 Years Avg. Industry Experience

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Performance

Performance

12-Month Dividend Yield 1 as of 07/01/2022  

w/o sales charge 8.55%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.65% 1.65%

Fund Expense Ratio :

1.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -17.98% -16.03% 4.07% 4.24% 6.19% 4.55%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds - - - - - -
Russell 1000® Index -20.94% -13.04% 10.17% 11.00% 12.82% 8.52%

Fund Expense Ratio :

1.52%

Fund Expense Ratio :

1.52%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -17.98% -16.03% 4.07% 4.24% 6.19% 4.55%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds - - - - - -
Russell 1000® Index -20.94% -13.04% 10.17% 11.00% 12.82% 8.52%

Fund Expense Ratio :

1.52%

Year Fund Returns Russell 1000® Index
2021 10.08% 26.46%
2020 18.87% 20.96%
2019 19.89% 31.43%
2018 -9.16% -4.78%
2017 10.15% 21.69%
2016 11.24% 12.05%
2015 -5.59% 0.92%
2014 5.44% 13.24%
2013 17.64% 33.11%
2012 14.30% 16.42%
2011 -3.74% -
2010 11.78% -
2009 32.52% -
2008 -28.36% -
2007 5.31% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -6.40% -12.38% - - -17.50%
2021 4.35% 3.04% -0.70% 3.10% 10.08%
2020 -16.99% 18.29% 6.47% 13.70% 18.87%
2019 11.04% 2.81% -0.52% 5.57% 19.89%
2018 -0.92% 0.05% 3.93% -11.82% -9.16%
2017 3.15% 1.42% 2.20% 3.03% 10.15%
2016 0.48% 2.77% 4.56% 3.02% 11.24%
2015 2.04% -0.69% -7.81% 1.05% -5.59%
2014 2.62% 3.92% -2.78% 1.69% 5.44%
2013 6.64% 0.06% 4.59% 5.42% 17.64%
2012 9.34% -3.88% 5.24% 3.33% 14.30%
2011 4.41% -0.18% -14.42% 7.91% -3.74%
2010 3.93% -8.54% 9.70% 7.19% 11.78%
2009 -5.05% 16.01% 15.54% 4.12% 32.52%
2008 -6.46% -1.64% -8.13% -15.25% -28.36%
2007 1.49% 3.23% 2.13% -1.58% 5.31%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 3/31/2022

  • Looking ahead, global markets are still contending with the lingering effects of unplugging Russia from the world commodity markets. Therefore, confidence in the growth outlook is crucial right now for asset allocation. If the markets are more confident that the economy can withstand a hiking cycle, we will see shifts in key macro factors, such as the shape of the yield curve and growth sensitivity.
  • Another key question is if we are late- or mid-cycle, as this has implications for rotations at the sector level, such as housing, financials, and low-end consumer exposure. A conundrum the Fed faces in managing monetary policy is that while nominal wage growth has accelerated, real wages have fallen. This suggests that, notwithstanding low unemployment and elevated job vacancies, workers still do not have enough power to bargain wage gains large enough to improve their standard of living. As a result, the market has priced in some concern that the Fed could cause a recession by tightening monetary policy too aggressively.
  • The Fund has maintained a tilt towards value stocks, which has been beneficial as value has outperformed growth year-to-date. The Fund is also overweight international equity relative to our design. Although international equity stocks have generally lagged relative to domestic, the bulk of our exposure is in international value, which has mostly persevered. An extensive positioning change would be warranted if inflation expectations unexpectedly break meaningfully higher or if the Ukraine conflict escalates into a war with NATO.
Holding Assets
Focused Large Cap Value Fund 20.7%
High Yield Fund 11.8%
International Value Fund 9.2%
Durable Growth Fund 8.8%
Growth Leaders Fund 6.6%
Fundamental Equity Fund 6.2%
Inflation Focused Fund 5.3%
Convertible Fund 4.9%
Floating Rate Fund 4.8%
Emerging Markets Bond Fund 4.3%
Growth Opportunities Fund 4.2%
International Equity Fund 4.1%
Ultra Short Bond Fund 4.1%
Core Fixed Income Fund 3.4%
Mid Cap Stock Fund 1.2%
Short Duration Income Fund 0.1%
Focused Small Cap Value Fund 0.0%
Holding Assets
US 10YR NOTE (CBT)Sep2212.7%
US ULTRA BOND CBT Sep224.2%

Equity Sector Allocation as of 05/31/2022

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 07/01/2022
$0.055
Dividend Frequency
Monthly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
06/29/2022 06/30/2022 06/30/2022 $0.02380 $10.20
05/26/2022 05/27/2022 05/27/2022 $0.00540 $11.14
04/28/2022 04/29/2022 04/29/2022 $0.00570 $10.97
03/30/2022 03/31/2022 03/31/2022 $0.01200 $11.68
02/23/2022 02/24/2022 02/24/2022 $0.00600 $11.53
01/27/2022 01/28/2022 01/28/2022 $0.00250 $11.73

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
07/28/2022 07/29/2022 07/29/2022
08/30/2022 08/31/2022 08/31/2022
09/29/2022 09/30/2022 09/30/2022
10/27/2022 10/28/2022 10/28/2022
11/29/2022 11/30/2022 11/30/2022
12/28/2022 12/29/2022 12/29/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/21/2021 12/22/2021 $1.4076 - $1.4076 $12.40

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
12/21/2022 12/22/2022

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 05/31/2022

1.52%

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
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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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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