LRSPX | Small Cap Value Fund Class P | 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 09/30/2020

Total Net Assets
$504.41 M
Inception Date
06/23/1999
Dividend Frequency
Annually
Fund Expense Ratio
1.40%
Number of Holdings
72

Fund Expense Ratio :

1.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/23/1999
w/o sales charge -24.19% -19.47% -5.96% 1.22% 5.17% 8.37%
Lipper Category Avg. Small-Cap Core Funds -14.96% -8.08% -1.73% 5.00% 8.02% -
Russell 2000® Value Index -21.54% -14.88% -5.13% 4.11% 7.09% 7.34%

Fund Expense Ratio :

1.40%

Fund Expense Ratio :

1.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/23/1999
w/o sales charge -24.19% -19.47% -5.96% 1.22% 5.17% 8.37%
Lipper Category Avg. Small-Cap Core Funds -14.96% -8.08% -1.73% 5.00% 8.02% -
Russell 2000® Value Index -21.54% -14.88% -5.13% 4.11% 7.09% 7.34%

Fund Expense Ratio :

1.40%

TEN LARGEST HOLDINGS as of 09/30/2020View Portfolio

Holding Assets
Bancorp, Inc. 2.8%
Masonite International Corp. 2.6%
Spectrum Brands Holdings Inc 2.4%
Hillenbrand Inc. 2.3%
BankUnited, Inc. 2.1%
Worthington Industries, Inc. 2.1%
Columbus McKinnon Corp. 2.0%
Dorman Products, Inc. 1.8%
AMN Healthcare Services, Inc. 1.7%
Camden National Corp 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 34 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 :

1.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/23/1999
w/o sales charge -24.19% -19.47% -5.96% 1.22% 5.17% 8.37%
Lipper Category Avg. Small-Cap Core Funds -14.96% -8.08% -1.73% 5.00% 8.02% -
Russell 2000® Value Index -21.54% -14.88% -5.13% 4.11% 7.09% 7.34%

Fund Expense Ratio :

1.40%

Fund Expense Ratio :

1.40%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/23/1999
w/o sales charge -24.19% -19.47% -5.96% 1.22% 5.17% 8.37%
Lipper Category Avg. Small-Cap Core Funds -14.96% -8.08% -1.73% 5.00% 8.02% -
Russell 2000® Value Index -21.54% -14.88% -5.13% 4.11% 7.09% 7.34%

Fund Expense Ratio :

1.40%

Year Fund Returns Russell 2000® Value Index
2019 20.05% 22.39%
2018 -12.03% -12.86%
2017 6.11% 7.84%
2016 20.19% 31.74%
2015 -1.35% -7.47%
2014 1.75% 4.22%
2013 33.48% 34.52%
2012 10.37% 18.05%
2011 -4.76% -5.50%
2010 26.07% 24.50%
2009 29.58% -
2008 -31.15% -
2007 10.25% -
2006 20.31% -
2005 13.07% -
2004 22.36% -
2003 44.77% -
2002 -11.14% -
2001 7.89% -
2000 33.46% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -37.80% 23.25% -1.12% - -21.47%
2019 12.30% 0.51% 0.13% 6.23% 20.05%
2018 -1.34% 6.74% 6.31% -21.42% -12.03%
2017 0.38% -0.19% 1.94% 3.89% 6.11%
2016 1.09% 3.79% 5.97% 8.09% 20.19%
2015 4.57% -0.34% -9.07% 4.10% -1.35%
2014 0.85% 2.45% -7.55% 6.52% 1.75%
2013 13.60% 0.75% 6.49% 9.51% 33.48%
2012 12.19% -9.06% 5.23% 2.80% 10.37%
2011 9.07% -3.18% -24.64% 19.68% -4.76%
2010 9.89% -10.77% 11.70% 15.11% 26.07%
2009 -12.19% 18.79% 16.98% 6.20% 29.58%
2008 -7.45% 2.07% -3.94% -24.13% -31.15%
2007 2.27% 8.12% 2.27% -2.51% 10.25%
2006 15.59% -1.13% -0.62% 5.94% 20.31%
2005 -1.49% 2.66% 10.44% 1.23% 13.07%
2004 6.41% 3.43% -0.37% 11.59% 22.36%
2003 -2.25% 19.35% 5.14% 18.03% 44.77%
2002 8.79% -6.53% -14.92% 2.72% -11.14%
2001 -0.84% 9.24% -14.48% 16.45% 7.89%
2000 7.94% 3.59% 5.15% 13.51% 33.46%
1999 - - -8.54% 7.70% 0.55%

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 09/30/2020

Total Net Assets
$504.41 M
Number of Holdings
72
Weighted Average Market Cap.
2.5 B
P/B Ratio
1.6x
Portfolio Turnover Ratio as of 11/29/2019
94.9%
P/E Ratio
15.8x

Contributors & Detractors as of  09/30/2020

Contributors

Holding Contribution
Masonite International Corp. 0.5%
Dorman Products, Inc. 0.5%
AMN Healthcare Services, Inc. 0.4%
Spectrum Brands Hldgs I 0.4%
Prosight Global Inc 0.3%

Detractors

Holding Contribution
Bancorp, Inc. -0.4%
Chemical Financial Corp. -0.4%
American Axle & Manufacturing Holdings, Inc. -0.3%
Natus Medical, Inc. -0.3%
Bank of Hawaii Corp. -0.3%

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 10/30/2020
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2019 12/18/2019 12/18/2019 $0.01600 $13.92

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 $13.92

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

EXPENSE RATIOas of 09/30/2020

1.40%

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 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 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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