LRSCX | Small Cap Value Fund Class A | Lord Abbett
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Small Cap Value Fund

Summary

Summary

What is the Small Cap Value Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of small U.S. companies.

Fund Basicsas of 08/31/2020

Total Net Assets
$540.56 M
Inception Date
12/13/1995
Dividend Frequency
Annually
Number of Holdings
72
Minimum Initial Investment
$1,000+

Expense Ratioas of 08/31/2020

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/13/1995
w/o sales charge -19.58% -10.56% -2.58% 2.17% 7.22% 10.08%
Lipper Category Avg. Small-Cap Core Funds -11.59% -1.44% 1.49% 4.95% 9.64% -
Russell 2000® Value Index -17.71% -6.14% -1.39% 4.37% 8.71% 8.45%
w/ sales charge -24.20% -15.71% -4.48% 0.97% 6.59% 9.82%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/13/1995
w/o sales charge -23.22% -18.30% -4.81% -0.26% 6.65% 9.95%
Lipper Category Avg. Small-Cap Core Funds -17.83% -12.24% -1.28% 2.01% 8.80% -
Russell 2000® Value Index -23.50% -17.48% -4.35% 1.26% 7.82% 8.19%
w/ sales charge -27.64% -22.98% -6.66% -1.43% 6.02% 9.68%

Fund Expense Ratio :

1.20%

TEN LARGEST HOLDINGS as of 08/31/2020View Portfolio

Holding Assets
Bancorp, Inc. 2.7%
Hillenbrand Inc. 2.4%
Spectrum Brands Holdings Inc 2.4%
Brightsphere Investment Group Inc 2.3%
Masonite International Corp. 2.2%
BankUnited, Inc. 2.1%
Columbus McKinnon Corp. 2.0%
Worthington Industries, Inc. 2.0%
Alamo Group Inc 1.8%
AMN Healthcare Services, Inc. 1.7%

INVESTMENT TEAM

Eli Rabinowich
Eli Rabinowich

Portfolio Manager

16 Years of Industry Experience

John C. Hardy
John C. Hardy

Portfolio Manager

17 Years of Industry Experience

Supported By 35 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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

Performance

Performance

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/13/1995
w/o sales charge -19.58% -10.56% -2.58% 2.17% 7.22% 10.08%
Lipper Category Avg. Small-Cap Core Funds -11.59% -1.44% 1.49% 4.95% 9.64% -
Russell 2000® Value Index -17.71% -6.14% -1.39% 4.37% 8.71% 8.45%
w/ sales charge -24.20% -15.71% -4.48% 0.97% 6.59% 9.82%

Fund Expense Ratio :

1.20%

Fund Expense Ratio :

1.20%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/13/1995
w/o sales charge -23.22% -18.30% -4.81% -0.26% 6.65% 9.95%
Lipper Category Avg. Small-Cap Core Funds -17.83% -12.24% -1.28% 2.01% 8.80% -
Russell 2000® Value Index -23.50% -17.48% -4.35% 1.26% 7.82% 8.19%
w/ sales charge -27.64% -22.98% -6.66% -1.43% 6.02% 9.68%

Fund Expense Ratio :

1.20%

Year Fund Returns Russell 2000® Value Index
2019 20.26% 22.39%
2018 -11.88% -12.86%
2017 6.31% 7.84%
2016 20.47% 31.74%
2015 -1.17% -7.47%
2014 1.89% 4.22%
2013 33.68% 34.52%
2012 10.57% 18.05%
2011 -4.61% -5.50%
2010 26.23% 24.50%
2009 29.82% -
2008 -31.06% -
2007 10.43% -
2006 20.42% -
2005 13.21% -
2004 22.39% -
2003 44.94% -
2002 -11.09% -
2001 7.93% -
2000 33.46% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -37.69% 23.22% - - -22.63%
2019 12.41% 0.53% 0.18% 6.23% 20.26%
2018 -1.27% 6.80% 6.32% -21.39% -11.88%
2017 0.46% -0.18% 2.00% 3.94% 6.31%
2016 1.15% 3.85% 6.04% 8.15% 20.47%
2015 4.64% -0.29% -9.05% 4.14% -1.17%
2014 0.90% 2.46% -7.53% 6.58% 1.89%
2013 13.65% 0.79% 6.51% 9.57% 33.68%
2012 12.24% -9.00% 5.26% 2.85% 10.57%
2011 9.13% -3.15% -24.62% 19.73% -4.61%
2010 9.92% -10.74% 11.75% 15.13% 26.23%
2009 -12.10% 18.80% 16.97% 6.27% 29.82%
2008 -7.39% 2.09% -3.91% -24.12% -31.06%
2007 2.32% 8.17% 2.31% -2.48% 10.43%
2006 15.62% -1.13% -0.59% 5.96% 20.42%
2005 -1.45% 2.69% 10.44% 1.30% 13.21%
2004 6.39% 3.46% -0.33% 11.56% 22.39%
2003 -2.25% 19.38% 5.18% 18.09% 44.94%
2002 8.79% -6.49% -14.95% 2.77% -11.09%
2001 -0.88% 9.30% -14.43% 16.44% 7.93%
2000 7.94% 3.48% 5.21% 13.57% 33.46%
1999 -10.62% 22.89% -8.48% 7.63% 8.20%
1998 10.57% -7.58% -24.20% 19.61% -7.35%
1997 5.38% 16.72% 16.51% -4.62% 36.69%
1996 8.77% 7.15% 2.81% 8.93% 30.52%
1995 - - - - 0.30%

Growth of $10,000 as of 08/31/2020

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2020

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuation over a long term horizon. 
  • Given our longer-term orientation and the focus we place on normalized free cash flow, we believe we have a distinct ability to look through some of the shorter-term impacts on companies due to the global pandemic, and we continue to look for opportunities amid the volatility. As a result, we have been able to methodically upgrade the portfolio in areas that have been particularly impacted by adhering to our process. 
  • We initiated a position in shares of Applied Industrial Technologies, Inc., an industrial distributor. While near-term demand will be weak due to the macro backdrop, we believe the company is a leading player in a large, fragmented industry and we expect it to emerge stronger coming out of the crisis. Further, we believe the company will be a beneficiary of manufacturing reshoring, is less susceptible to margin degradation, and generates significant free cash flow. 
  • We sold the Fund’s position in ICF International, Inc., a technology-based solutions and services provider to government and commercial clients, which was consistent with our normalized free last flow framework. 

PORTFOLIO DETAILS as of 08/31/2020

Total Net Assets
$540.56 M
Number of Holdings
72
Weighted Average Market Cap.
2.7 B
P/B Ratio
1.7x
P/E Ratio
17.2x

Contributors & Detractors as of  06/30/2020

Contributors

Holding Contribution
Thor Industries, Inc. 2.1%
Malibu Boats, Inc. 1.4%
Brightsphere Invt Group 1.3%
Williams-Sonoma, Inc. 1.2%
Bancorp, Inc. 1.2%

Detractors

Holding Contribution
Entercom Communicati -0.5%
AMN Healthcare Services, Inc. -0.3%
Avista Corp. -0.2%
Portland General Electric Co. -0.2%
Sunstone Hotel Invs -0.1%

Attribution Analysis 

Small Cap Value Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 09/18/2020
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2019 12/18/2019 12/18/2019 $0.05320 $15.02

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
12/17/2020 12/18/2020 12/18/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2019 12/18/2019 $2.8946 - $2.8946 $15.02

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
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 09/18/2020

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $12.37
$50,000 to $99,999 4.75% 4.00% $12.24
$100,000 to $249,999 3.95% 3.25% $12.14
$250,000 to $499,999 2.75% 2.25% $11.99
$500,000 to $999,999 1.95% 1.75% $11.89
$1,000,000 to $5,000,000 0.00% 1.00% $11.66

EXPENSE RATIOas of 08/31/2020

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
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 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 2000® Value Index measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values.

Select funds to run a Morningstar Hypothetical Report.

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