LGIVX | Multi-Asset Growth Fund Class R6 | Lord Abbett

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

 

Multi-Asset Growth Fund

Track this Fund
Add to Hypo Tool

Summary

Summary

What is the Multi-Asset Growth Fund?

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

DIVERSE ASSETS

The Fund is designed with the flexibility to invest in stocks, bonds, 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 TOTAL RETURN

Led by a senior Investment Committee, the Fund has delivered competitive performance relative to a broad universe of multi-asset class strategies.

Fund Basics

Total Net Assets
-
Inception Date
Dividend Frequency
-

Investment Team

martini
Giulio Martini

Partner, Director of Strategic Asset Allocation

37 Years of Industry Experience

Robert A. Lee
Robert A. Lee

Partner & Co-Director of Taxable Fixed Income

31 Years of Industry Experience

Jeffrey Herzog
Jeffrey Herzog, Ph.D.

Portfolio Manager

13 Years of Industry Experience

David B. Ritt
David B. Ritt, CFA

Portfolio Manager

24 Years of Industry Experience

Supported By 9 Investment Professionals with 27 Years Avg. Industry Experience

Contact a Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Portfolio

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.

Dividends & Cap Gains

Dividends & Cap Gains

Fees & Expenses

Fees & Expenses

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
Summary Prospectus
Publish Date:11/03/2015
n/a
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

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Class R6 - The inception date for Class R6 shares is June 30, 2015. The performance quotations for Class R6 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R6 shares; and (b) for periods after June 30, 2015, actual Class R6 performance is used, which reflects all charges and fees applicable to Class R6 shares.

Class R6 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field