LRSRX | Small Cap Value Fund Class R3 | 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 03/31/2021

Total Net Assets
$741.71 M
Inception Date
03/31/2008
Dividend Frequency
Annually
Fund Expense Ratio
1.44%
Number of Holdings
76

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 03/31/2008
w/o sales charge 22.81% 71.09% 8.55% 9.74% 7.47% 8.10%
Lipper Category Avg. Small-Cap Core Funds 19.84% 72.17% 12.49% 13.47% 10.26% -
Russell 2000® Value Index 23.62% 78.96% 11.68% 13.54% 10.10% 9.40%

Fund Expense Ratio :

1.44%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 03/31/2008
w/o sales charge 17.98% 86.37% 7.43% 9.05% 7.23% 7.82%
Lipper Category Avg. Small-Cap Core Funds 15.90% 89.09% 11.39% 12.95% 10.13% -
Russell 2000® Value Index 21.17% 97.05% 11.57% 13.56% 10.06% 9.29%

Fund Expense Ratio :

1.44%

TEN LARGEST HOLDINGS as of 03/31/2021View Portfolio

Holding Assets
Bancorp Inc/The 2.7%
BankUnited Inc 2.2%
Crane Co 2.1%
Ichor Holdings Ltd 2.0%
Pacific Premier Bancorp Inc 1.9%
Sally Beauty Holdings Inc 1.9%
Spectrum Brands Holdings Inc 1.9%
Sterling Bancorp/DE 1.9%
Triumph Bancorp Inc 1.9%
Columbus McKinnon Corp/NY 1.8%

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 31 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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

Performance

Performance

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 03/31/2008
w/o sales charge 22.81% 71.09% 8.55% 9.74% 7.47% 8.10%
Lipper Category Avg. Small-Cap Core Funds 19.84% 72.17% 12.49% 13.47% 10.26% -
Russell 2000® Value Index 23.62% 78.96% 11.68% 13.54% 10.10% 9.40%

Fund Expense Ratio :

1.44%

Fund Expense Ratio :

1.44%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 03/31/2008
w/o sales charge 17.98% 86.37% 7.43% 9.05% 7.23% 7.82%
Lipper Category Avg. Small-Cap Core Funds 15.90% 89.09% 11.39% 12.95% 10.13% -
Russell 2000® Value Index 21.17% 97.05% 11.57% 13.56% 10.06% 9.29%

Fund Expense Ratio :

1.44%

Year Fund Returns Russell 2000® Value Index
2020 -1.74% 4.63%
2019 20.02% 22.39%
2018 -12.09% -12.86%
2017 6.08% 7.84%
2016 20.16% 31.74%
2015 -1.39% -7.47%
2014 1.71% 4.22%
2013 33.46% 34.52%
2012 10.35% 18.05%
2011 -4.81% -5.50%
2010 25.99% -
2009 29.60% -
2008 -31.21% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 17.98% - - - 24.49%
2020 -37.79% 23.23% -1.21% 29.75% -1.74%
2019 12.31% 0.50% 0.13% 6.20% 20.02%
2018 -1.33% 6.76% 6.23% -21.44% -12.09%
2017 0.38% -0.19% 1.93% 3.87% 6.08%
2016 1.09% 3.77% 5.95% 8.11% 20.16%
2015 4.59% -0.37% -9.08% 4.08% -1.39%
2014 0.85% 2.41% -7.53% 6.51% 1.71%
2013 13.60% 0.75% 6.48% 9.52% 33.46%
2012 12.20% -9.04% 5.18% 2.79% 10.35%
2011 9.08% -3.21% -24.64% 19.64% -4.81%
2010 9.86% -10.78% 11.67% 15.10% 25.99%
2009 -12.15% 18.78% 16.92% 6.23% 29.60%
2008 -7.45% 2.05% -3.95% -24.17% -31.21%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 03/31/2021

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuation over a long term horizon. 
  • We initiated a position in shares of Sally Beauty Holdings, Inc., international retailer and distributor of professional beauty supplies. The business was significantly impacted by the pandemic as retail customers stayed home and salons were operating at less than full utilization. We believe these dynamics are transitory and over the last year management has reduced the normalized cost structure of the business which we believe has resulted in a very attractive valuation.
  • We also initiated a position in shares of Bally’s Corp., casino and horse racetrack company. The company has a significant presence in the nascent online sports gambling and i-gaming markets which we expect to grow significantly over the next several years. Additionally, in 2020, the company was able to improve margins by focusing on the higher margin online gambling business resulting in an attractive normalized free cash flow valuation.  
  • We sold the Fund’s position in TCF Financial Corp., a financial holding company, in favor of other investment opportunities consistent with our normalized free cash flow methodology.
  • We also sold the Fund’s position in shares of ProSight Global, Inc., an insurance provider, after the company announced that it would be acquired by TowerBrook Capital Partners and Further Global Capital. 

PORTFOLIO DETAILS as of 03/31/2021

Total Net Assets
$741.71 M
Number of Holdings
76
Weighted Average Market Cap.
3.0 B
P/B Ratio
2.7x
P/E Ratio
21.7x

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
Bancorp Inc/The 1.5%
Ichor Holdings 1.0%
Williams-Sonoma Inc 0.9%
Triumph Bancorp Inc 0.9%
Sculptor Cap Mgmt 0.7%

Detractors

Holding Contribution
Immersion Corp -0.5%
Pactiv Evergreen Inc -0.3%
Novavax Inc -0.2%
EW Scripps Co. -0.1%
Donnelley R R & Sons Co -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 05/06/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/17/2020 12/18/2020 12/18/2020 $0.12440 $13.52

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
12/16/2021 12/17/2021 12/17/2021

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 $14.00

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
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 04/30/2021

1.44%

Fund Documents

Fund Documents

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

Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
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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