Lord Abbett Alpha Strategy Fund (ALFAX)
The investment seeks long-term capital appreciation. The fund is a "fund of funds" that invests in affiliated mutual funds (the "underlying funds") managed by Lord, Abbett & Co. LLC ("Lord Abbett"). Under normal conditions, through the underlying funds, it indirectly invests in the equity securities of U.S. and foreign micro-cap, small, and mid-sized companies. The fund uses a "blend" strategy to gain investment exposure to both growth and value stocks, or to stocks with characteristics of both.
Share Price Chart
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Performance
The chart shows the growth of $10,000 invested in Lord Abbett Alpha Strategy Fund in Oct 2022 and compares it to the S&P 500 index or another benchmark. It would be worth nearly $57,453 for a total return of roughly 474.53%. All prices are adjusted for splits and dividends.
Compare to other instruments
Return
Lord Abbett Alpha Strategy Fund had a return of 1.81% year-to-date (YTD) and -13.50% in the last 12 months. Over the past 10 years, Lord Abbett Alpha Strategy Fund had an annualized return of 8.15%, while the S&P 500 had an annualized return of 9.86%, indicating that Lord Abbett Alpha Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| 1 month | -6.65% | -3.13% |
| Year-To-Date | 1.81% | 2.92% |
| 6 months | 2.47% | 2.02% |
| 1 year | -13.50% | -11.46% |
| 5 years (annualized) | 4.23% | 7.79% |
| 10 years (annualized) | 8.15% | 9.86% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 8.87% | -1.13% | ||||||||||
| 2022 | -9.21% | 8.50% | 4.58% | -4.43% |
Dividend History
Lord Abbett Alpha Strategy Fund granted a 6.82% dividend yield in the last twelve months. The annual payout for that period amounted to $1.42 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.42 | $1.42 | $1.53 | $2.09 | $3.29 | $3.42 | $3.18 | $2.93 | $4.00 | $3.42 | $2.41 | $1.09 |
Dividend yield | 6.82% | 6.94% | 5.75% | 9.01% | 17.88% | 23.24% | 19.53% | 21.68% | 32.35% | 27.35% | 19.86% | 12.83% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Alpha Strategy Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.00 | $0.00 | ||||||||||
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.42 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.53 |
| 2020 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.09 |
| 2019 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.29 |
| 2018 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.42 |
| 2017 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.18 |
| 2016 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.93 |
| 2015 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $4.00 |
| 2014 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $3.42 |
| 2013 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.41 |
| 2012 | $1.09 |
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below shows the maximum drawdowns of the Lord Abbett Alpha Strategy Fund. A maximum drawdown is an indicator of risk. It shows a reduction in portfolio value from its maximum due to a series of losing trades.
The maximum drawdown since January 2010 for the Lord Abbett Alpha Strategy Fund is 57.11%, recorded on Mar 9, 2009. It took 460 trading sessions for the portfolio to recover.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -57.11% | Nov 1, 2007 | 338 | Mar 9, 2009 | 460 | Jan 3, 2011 | 798 |
| -49.44% | Mar 13, 2000 | 644 | Oct 9, 2002 | 704 | Jul 28, 2005 | 1348 |
| -40.29% | Feb 20, 2020 | 23 | Mar 23, 2020 | 136 | Oct 5, 2020 | 159 |
| -33.88% | Nov 9, 2021 | 221 | Sep 26, 2022 | — | — | — |
| -31.77% | Jul 21, 1998 | 58 | Oct 8, 1998 | 147 | May 3, 1999 | 205 |
| -28.78% | May 2, 2011 | 108 | Oct 3, 2011 | 325 | Jan 22, 2013 | 433 |
| -26.1% | Sep 17, 2018 | 69 | Dec 24, 2018 | 267 | Jan 16, 2020 | 336 |
| -24.79% | Jun 24, 2015 | 161 | Feb 11, 2016 | 209 | Dec 8, 2016 | 370 |
| -17.08% | May 11, 2006 | 23 | Jun 13, 2006 | 147 | Jan 16, 2007 | 170 |
| -13.48% | Mar 5, 2014 | 155 | Oct 13, 2014 | 85 | Feb 13, 2015 | 240 |
Volatility Chart
Current Lord Abbett Alpha Strategy Fund volatility is 29.10%. The chart below shows the rolling 10-day volatility. Volatility is a statistical measure showing how big price swings are in either direction. The higher asset volatility, the riskier it is, because the price movements are less predictable.