LVOVX | Value Opportunities Fund Class R6 | Lord Abbett
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Value Opportunities Fund

Summary

Summary

What is the Value Opportunities Fund?

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

Fund Basicsas of 09/30/2020

Total Net Assets
$1.38 B
Inception Date
06/30/2015
Dividend Frequency
Annually
Fund Expense Ratio
0.83%
Number of Holdings
72

Fund Expense Ratio :

0.83%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -5.18% 1.19% 2.54% 6.32% 9.00% -
Lipper Category Avg. Mid-Cap Core Funds -9.22% -3.22% 2.26% 6.41% 8.89% -
Russell 2500™ Index -5.82% 2.22% 4.45% 8.97% 10.81% -

Fund Expense Ratio :

0.83%

Fund Expense Ratio :

0.83%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -5.18% 1.19% 2.54% 6.32% 9.00% -
Lipper Category Avg. Mid-Cap Core Funds -9.22% -3.22% 2.26% 6.41% 8.89% -
Russell 2500™ Index -5.82% 2.22% 4.45% 8.97% 10.81% -

Fund Expense Ratio :

0.83%

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

Holding Assets
Entegris, Inc. 2.3%
Charles River Laboratories International, Inc. 2.2%
Landstar System, Inc. 2.1%
PerkinElmer, Inc. 2.0%
Simpson Manufacturing Co., Inc. 2.0%
Acuity Brands, Inc. 1.9%
Discover Financial Services 1.9%
Dunkin' Brands, Inc. 1.9%
STERIS PLC 1.9%
Avery Dennison Corp. 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 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 :

0.83%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -5.18% 1.19% 2.54% 6.32% 9.00% -
Lipper Category Avg. Mid-Cap Core Funds -9.22% -3.22% 2.26% 6.41% 8.89% -
Russell 2500™ Index -5.82% 2.22% 4.45% 8.97% 10.81% -

Fund Expense Ratio :

0.83%

Fund Expense Ratio :

0.83%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -5.18% 1.19% 2.54% 6.32% 9.00% -
Lipper Category Avg. Mid-Cap Core Funds -9.22% -3.22% 2.26% 6.41% 8.89% -
Russell 2500™ Index -5.82% 2.22% 4.45% 8.97% 10.81% -

Fund Expense Ratio :

0.83%

Year Fund Returns Russell 2500™ Index
2019 23.29% 27.77%
2018 -11.56% -10.00%
2017 10.55% 16.81%
2016 16.85% 17.59%
2015 -2.48% -2.90%
2014 9.59% 7.07%
2013 36.71% 36.80%
2012 10.27% 17.88%
2011 -3.70% -2.51%
2010 25.08% 26.71%
2009 34.45% -
2008 -27.40% -
2007 11.43% -
2006 29.57% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -25.32% 21.76% 4.28% - -0.92%
2019 12.01% 1.70% 1.41% 6.73% 23.29%
2018 -2.53% 3.04% 6.66% -17.44% -11.56%
2017 1.29% 2.16% 2.45% 4.28% 10.55%
2016 3.12% 2.55% 4.40% 5.83% 16.85%
2015 4.21% -0.11% -7.93% 1.75% -2.48%
2014 4.60% 2.90% -5.62% 7.89% 9.59%
2013 14.10% 2.11% 6.76% 9.90% 36.71%
2012 9.12% -7.04% 4.74% 3.79% 10.27%
2011 6.61% -0.32% -20.96% 14.66% -3.70%
2010 9.14% -9.39% 10.67% 14.28% 25.08%
2009 -6.34% 15.22% 19.32% 4.42% 34.45%
2008 -8.47% 0.77% -2.42% -19.33% -27.40%
2007 4.37% 9.43% 0.60% -3.01% 11.43%
2006 15.85% 2.47% 2.24% 6.76% 29.57%

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 unique 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 Fund in areas that have been particularly impacted by adhering to our process.
  • We initiated a position in shares of Discover Financial Services, a direct banking and payment services company. We view Discover Financial as a proven consumer lender in the prime U.S. consumer general purpose credit card segment. While the company will likely face COVID-19 related credit loses, we believe this is a temporal headwind and will not impair the company’s ability to continue to earn high normalized returns over the medium to long term.
  • We sold the Fund’s position in CMS Energy Corp., a utilities company. The sale was consistent with our normalized free cash flow framework.

PORTFOLIO DETAILS as of 09/30/2020

Total Net Assets
$1.38 B
Number of Holdings
72
Weighted Average Market Cap.
8.0 B
P/B Ratio
2.9x
Portfolio Turnover Ratio as of 10/31/2019
50.5%
P/E Ratio
23.9x

Contributors & Detractors as of  09/30/2020

Contributors

Holding Contribution
Charles River Laboratories International, Inc. 0.6%
Generac Holdings, Inc. 0.6%
Entegris, Inc. 0.5%
Varian Medical Systems, Inc. 0.5%
PerkinElmer, Inc. 0.4%

Detractors

Holding Contribution
Hill-Rom Holdings, Inc. -0.4%
Portland General Electric Co. -0.2%
Bank of Hawaii Corp. -0.2%
NuVasive, Inc. -0.2%
FLIR Systems, Inc. -0.2%

Attribution Analysis 

Value Opportunities 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 10/27/2020
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/20/2019 11/21/2019 11/21/2019 $0.11900 $17.78

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
11/23/2020 11/24/2020 11/24/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/20/2019 11/21/2019 $2.0092 - $2.0092 $17.78

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
11/23/2020 11/24/2020

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 09/30/2020

0.83%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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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
Publish Date:11/03/2015

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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.

The Russell 2500™ Index is a market cap weighted index that includes the smallest 2,500 companies covered in the Russell 3000 universe of United States-based listed equities.

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