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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 11/11/2019  

w/o sales charge 3.48%
w/ sales charge 3.40%

30-Day Standardized Yield 2 as of 10/31/2019  

1.87%

Fund Basicsas of 09/30/2019

Total Net Assets
$2.48 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 14.99% 8.70% 6.40% 4.17% 7.21% 6.97%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds 13.78% 10.05% 7.25% 4.93% 7.18% -
Russell 1000® Index 23.09% 14.15% 14.73% 10.55% 13.72% 10.08%
w/ sales charge 12.41% 6.24% 5.61% 3.71% 6.96% 6.87%

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 13.77% 0.41% 5.77% 4.29% 6.94% 6.95%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds 12.52% 3.92% 6.35% 4.95% 6.94% -
Russell 1000® Index 20.53% 3.87% 13.19% 10.62% 13.23% 10.02%
w/ sales charge 11.22% -1.86% 4.96% 3.82% 6.70% 6.85%

Fund Expense Ratio :

1.23%

Investment Team

martini
Giulio Martini

Partner, Director of Strategic Asset Allocation

34 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Chief Investment Officer

28 Years of Industry Experience

Jeffrey Herzog
Jeffrey Herzog, Ph.D.

Portfolio Manager

10 Years of Industry Experience

David B. Ritt
David B. Ritt, CFA

Portfolio Manager

21 Years of Industry Experience

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

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Performance

Performance

12-Month Dividend Yield 1 as of 11/11/2019  

w/o sales charge 3.48%
w/ sales charge 3.40%

30-Day Standardized Yield 2 as of 10/31/2019  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.87% 1.87%

Fund Expense Ratio :

1.23%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/1994
w/o sales charge 14.99% 8.70% 6.40% 4.17% 7.21% 6.97%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds 13.78% 10.05% 7.25% 4.93% 7.18% -
Russell 1000® Index 23.09% 14.15% 14.73% 10.55% 13.72% 10.08%
w/ sales charge 12.41% 6.24% 5.61% 3.71% 6.96% 6.87%

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 13.77% 0.41% 5.77% 4.29% 6.94% 6.95%
Lipper Category Avg. Mixed-Asset Trgt Alloc Mod Fds 12.52% 3.92% 6.35% 4.95% 6.94% -
Russell 1000® Index 20.53% 3.87% 13.19% 10.62% 13.23% 10.02%
w/ sales charge 11.22% -1.86% 4.96% 3.82% 6.70% 6.85%

Fund Expense Ratio :

1.23%

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% 2.86% -0.43% - 16.30%
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%

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

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 09/30/2019

  • Risk assets rose almost across the board, with the S&P 500 rising 1.7% and bonds rallying during the quarter as well. The only asset class exhibiting negative returns was non-U.S. equities. The U.S. Federal Reserve cut rates by 25 basis points in July which it announced as insurance against uncertainties as opposed to a shift to monetary policy easing. Despite the accommodative stance, market sentiment shifted to largely risk-off. The shift was driven primarily by the escalating trade tensions between the U.S. and China. Finally, the month of September saw a strong rally in the U.S. equity markets as the U.S. and China agreed to meet in Washington in October to discuss trade, as tensions in Hong Kong eased, as the ECB approved a new asset purchase program, and as a no-deal Brexit became less likely.
  • September shifted to a more risk-on attitude. This was evidenced by factor returns shifting late in the quarter, with value outperforming growth, small caps outperforming large caps, the U.S. dollar outperforming the Japanese yen and short gold positions falling.
  • In today’s environment where equity dividend yields are higher than Treasury yields and where inflation break-evens are falling while consumer prices are exceeding market expectations, we believe that opportunities exist in the equity income and inflation protection spaces.
  • We increased the portfolio’s allocation towards large cap U.S. equities and international equities this quarter. The portfolio’s allocation to convertible bonds was reduced while we maintained the portfolio’s exposure to high yield and short duration bonds.
Holding Assets
Fundamental Equity Fund 17.3%
High Yield Fund 16.6%
Growth Opportunities Fund 11.9%
Mid Cap Stock Fund 10.3%
Growth Leaders Fund 7.5%
Convertible Fund 6.2%
Ultra Short Bond Fund 5.9%
Core Fixed Income Fund 5.0%
International Equity Fund 5.0%
International Value Fund 5.0%
Inflation Focused Fund 4.6%
Emerging Markets Bond Fund 3.6%
Holding Assets
S&P500 EMINI FUT DEC193.1%
MSCI EAFE DEC191.6%
MSCI EMGMKT DEC190.5%
SPX Put Option Citi (2265.89) 5/18/200.0%
SPX Put Option GSI (2556.85) 5/18/200.0%
SPX Put Option GSI (2272.75) 5/18/200.0%
SPX Call Option Citi (3115.60) 5/18/200.0%
SPX Put Option Citi (2549.13) 5/18/200.0%
SPX Call Option GSI (3125.03) 5/18/200.0%

Equity Sector Allocation as of 09/30/2019

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

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 11/11/2019
$0.130
Dividend Frequency
Monthly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
10/30/2019 10/31/2019 10/31/2019 $0.01100 $11.40
09/26/2019 09/27/2019 09/27/2019 $0.01350 $11.26
08/29/2019 08/30/2019 08/30/2019 $0.00980 $11.29
07/30/2019 07/31/2019 07/31/2019 $0.02760 $11.45
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
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

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
12/19/2019 12/20/2019

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 11/11/2019

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $100,000 2.25% 2.00% $11.80
$100,000 to $249,999 1.75% 1.50% $11.74
$250,000 to $499,999 1.25% 1.00% $11.68
$500,000 to $999,999 0.00% 1.00% $11.53
$1,000,000 to $5,000,000 0.00% 1.00% $11.53

EXPENSE RATIOas of 10/31/2019

1.23%

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
Capital Markets Presentation
Publish Date:11/03/2015
Brochure
Publish Date:11/03/2015

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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.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and 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 1.50% if the shares are repurchased 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.

 

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and 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 1.50% if the shares are repurchased 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.

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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