- ISIN
- US5439157638
- CUSIP
- 543915763
- Issuer
- Lord Abbett
- Inception Date
- Mar 18, 1998
- Category
- Small Cap Growth Equities
- Min. Investment
- $1,500
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Small-Cap
- Asset Class Style
- Growth
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ALFAX Performance Chart
Lord Abbett Alpha Strategy Fund (ALFAX) is up 22.3% since the beginning of the year. ALFAX is currently trading at $33 per share. Investors who bought $1,000 worth of ALFAX shares 5 years ago would now be looking at an investment worth $1,333.
Loading charts...
Returns By Period
Lord Abbett Alpha Strategy Fund (ALFAX) has returned 22.34% so far this year and 35.19% over the past 12 months. Over the last ten years, ALFAX has returned 11.33% per year, falling short of the S&P 500 Index benchmark, which averaged 13.71% annually.
Lord Abbett Alpha Strategy Fund
- 1D
- 0.70%
- 1M
- 4.98%
- YTD
- 22.34%
- 6M
- 19.97%
- 1Y
- 35.19%
- 3Y*
- 17.23%
- 5Y*
- 5.91%
- 10Y*
- 11.33%
Benchmark (S&P 500 Index)
- 1D
- -1.44%
- 1M
- -1.45%
- YTD
- 7.60%
- 6M
- 6.59%
- 1Y
- 22.24%
- 3Y*
- 19.20%
- 5Y*
- 11.54%
- 10Y*
- 13.71%
ALFAX Monthly Returns History
Based on dividend-adjusted daily data since Jan 2, 1998, ALFAX's average daily return is +0.04%, while the average monthly return is +0.85%. At this rate, an investment would double in approximately 6.8 years.
Historically, 62% of months were positive and 38% were negative. The best month was Nov 2020 with a return of +15.9%, while the worst month was Oct 2008 at -21.4%. The longest winning streak lasted 13 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ALFAX closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.5%, while the worst single day was Mar 16, 2020 at -13.3%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 5.14% | 2.23% | -6.17% | 12.44% | 4.56% | 3.17% | 22.34% | ||||||
| 2025 | 1.85% | -5.56% | -5.28% | 0.34% | 4.84% | 5.62% | 1.03% | 3.80% | 1.52% | 0.18% | 1.18% | -0.40% | 8.80% |
| 2024 | -1.04% | 5.02% | 3.29% | -5.80% | 5.47% | -0.81% | 5.80% | 1.31% | 0.72% | -1.97% | 8.07% | -6.47% | 13.18% |
| 2023 | 8.87% | -1.13% | -1.55% | -0.51% | -1.39% | 5.52% | 3.71% | -3.96% | -6.19% | -6.36% | 9.14% | 8.75% | 13.92% |
| 2022 | -9.65% | -0.27% | -1.21% | -9.18% | 0.35% | -9.34% | 8.68% | -2.81% | -9.21% | 8.50% | 4.58% | -4.43% | -23.50% |
| 2021 | 2.06% | 7.53% | 0.28% | 4.37% | -0.86% | 0.20% | -1.31% | 2.00% | -3.13% | 4.36% | -4.51% | 3.72% | 15.01% |
Benchmark Metrics
Lord Abbett Alpha Strategy Fund has an annualized alpha of 2.21%, beta of 0.90, and R2 of 0.76 versus S&P 500 Index. Calculated based on daily prices since January 02, 1998.
- This fund captured 111.04% of S&P 500 Index gains and 104.60% of its losses - amplifying both gains and losses, but participating more in upside than downside.
- This fund generated an annualized alpha of 2.21% versus S&P 500 Index - delivering returns beyond what market exposure alone would predict.
- With beta of 0.90 and R2 of 0.76, this fund moves broadly in line with S&P 500 Index - much of its variation is explained by market exposure rather than independent behavior.
- Alpha
- 2.21%
- Beta
- 0.90
- R²
- 0.76
- Upside Capture
- 111.04%
- Downside Capture
- 104.60%
Expense Ratio
ALFAX has a high expense ratio of 1.40%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
ALFAX ranks 65 for risk / return — better than 65% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Lord Abbett Alpha Strategy Fund (ALFAX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ALFAX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.32 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 2.46 | +1.12 |
| Martin ratioReturn relative to average drawdown | 13.63 | 10.92 | +2.71 |
Dividends
Dividend History
Lord Abbett Alpha Strategy Fund provided a 4.34% dividend yield over the last twelve months, with an annual payout of $1.42 per share. The fund has been increasing its distributions for 2 consecutive years.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.42 | $1.42 | $0.21 | $0.11 | $1.42 | $1.53 | $2.09 | $3.29 | $3.42 | $3.18 | $2.93 | $4.00 |
Dividend yield | 4.34% | 5.30% | 0.80% | 0.46% | 6.94% | 5.38% | 7.99% | 14.66% | 16.61% | 11.96% | 11.85% | 15.83% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.42 | $1.42 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.21 | $0.21 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.11 | $0.11 |
| 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 | $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 | $1.53 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Alpha Strategy Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Lord Abbett Alpha Strategy Fund was 57.11%, occurring on Mar 9, 2009. Recovery took 467 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Financial crisis2007–2009 | -57.11%Mar 2009 | 1y 4mo | 1y 10mo | 3y 2moNov 2007 - Jan 2011 |
Dot-com crash2000–2002 | -49.44%Oct 2002 | 2y 7mo | 2y 9mo | 5y 4moMar 2000 - Jul 2005 |
COVID crash2020 | -40.29%Mar 2020 | 1mo 2d | 6mo 16d | 7mo 18dFeb 2020 - Oct 2020 |
1998 bear market1998 | -34.35%Oct 1998 | 5mo 18d | 9mo 10d | 1y 2moApr 1998 - Jul 1999 |
Bear market2022 | -33.88%Sep 2022 | 10mo 21d | 2y 2mo | 3y 17dNov 2021 - Nov 2024 |
Drawdown Indicators
| ALFAX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -57.11% | -56.78% | -0.33% |
Max Drawdown (1Y)Largest decline over 1 year | -10.31% | -9.10% | -1.21% |
Max Drawdown (3Y)Largest decline over 3 years | -25.01% | -18.90% | -6.11% |
Max Drawdown (5Y)Largest decline over 5 years | -33.88% | -25.43% | -8.45% |
Max Drawdown (10Y)Largest decline over 10 years | -40.29% | -33.92% | -6.37% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -12.85% | -10.71% | -2.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 2.04% | +0.66% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ALFAX
Add Lord Abbett Alpha Strategy Fund to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ALFAX