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.
Fund Info
| ISIN | US5439157638 |
|---|---|
| CUSIP | 543915763 |
| Issuer | Lord Abbett |
| Inception Date | Mar 18, 1998 |
| Category | Small Cap Growth Equities |
| Min. Investment | $1,500 |
| Asset Class | Equity |
Asset Class Size | Small-Cap |
Asset Class Style | Growth |
Expense Ratio
ALFAX has a high expense ratio of 1.40%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lord Abbett Alpha Strategy Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Lord Abbett Alpha Strategy Fund had a return of 13.06% year-to-date (YTD) and 26.81% in the last 12 months. Over the past 10 years, Lord Abbett Alpha Strategy Fund had an annualized return of 8.98%, while the S&P 500 had an annualized return of 11.71%, indicating that Lord Abbett Alpha Strategy Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 13.06% | 20.57% |
| 1 month | 5.36% | 6.34% |
| 6 months | 6.69% | 10.39% |
| 1 year | 26.81% | 32.65% |
| 5 years (annualized) | 9.76% | 14.43% |
| 10 years (annualized) | 8.98% | 11.71% |
Monthly Returns
The table below presents the monthly returns of ALFAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.04% | 5.02% | 3.29% | -5.80% | 5.47% | -0.81% | 5.80% | 1.31% | 0.72% | 13.06% | |||
| 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% | 7.52% | 0.28% | 4.38% | -0.87% | 0.20% | -1.31% | 2.00% | -3.13% | 4.36% | -4.51% | 3.72% | 15.01% |
| 2020 | -1.69% | -7.71% | -21.34% | 14.13% | 9.25% | 3.86% | 4.44% | 4.62% | -1.77% | 1.57% | 15.85% | 8.08% | 26.16% |
| 2019 | 10.64% | 5.75% | -1.33% | 3.53% | -6.91% | 7.51% | -0.08% | -3.98% | -0.04% | 1.78% | 3.49% | 3.40% | 24.95% |
| 2018 | 3.57% | -3.16% | 0.53% | 0.67% | 4.93% | 0.78% | 0.28% | 6.08% | -0.72% | -11.71% | 0.41% | -10.16% | -9.72% |
| 2017 | 2.06% | 1.63% | 0.94% | 1.39% | 0.19% | 2.32% | 1.71% | -0.26% | 4.22% | 1.72% | 2.28% | 0.75% | 20.61% |
| 2016 | -8.51% | -1.25% | 7.71% | 0.65% | 2.42% | -0.91% | 5.37% | 0.98% | 1.31% | -4.25% | 5.98% | 0.40% | 9.18% |
| 2015 | -2.20% | 6.56% | 1.36% | -0.83% | 2.19% | 0.54% | -0.13% | -6.85% | -3.31% | 3.91% | 1.71% | -3.21% | -0.95% |
| 2014 | -1.46% | 5.50% | -1.29% | -3.64% | 0.16% | 4.88% | -6.00% | 3.83% | -4.46% | 4.25% | 0.52% | 1.39% | 2.90% |
| 2013 | 5.81% | 1.36% | 5.11% | 0.11% | 3.76% | 0.60% | 6.19% | -2.11% | 7.00% | 2.61% | 3.16% | 2.74% | 42.49% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of ALFAX is 21, indicating that it is in the bottom 21% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Alpha Strategy Fund (ALFAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Alpha Strategy Fund granted a 0.41% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.11 | $0.11 | $1.42 | $1.53 | $2.09 | $3.29 | $3.42 | $3.18 | $2.93 | $4.00 | $3.42 | $2.41 |
Dividend yield | 0.41% | 0.46% | 6.94% | 5.38% | 7.99% | 14.66% | 16.61% | 11.96% | 11.85% | 15.83% | 11.54% | 7.51% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||
| 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 |
| 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 | $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 | $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 | $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 | $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 | $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 | $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 | $3.42 |
| 2013 | $2.41 | $2.41 |
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.
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 460 trading sessions.
The current Lord Abbett Alpha Strategy Fund drawdown is 6.72%.
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 |
Volatility
Volatility Chart
The current Lord Abbett Alpha Strategy Fund volatility is 3.77%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.