Lord Abbett Multi-Asset Balanced Opportunity Fund (LABFX)
The investment seeks current income and capital growth. 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 U.S. equity securities, fixed income securities and select foreign (including emerging market) securities. 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 | US5439162091 |
|---|---|
| CUSIP | 543916209 |
| Issuer | Lord Abbett |
| Inception Date | Dec 26, 1994 |
| Category | Diversified Portfolio |
| Min. Investment | $1,500 |
| Asset Class | Multi-Asset |
Asset Class Size | Large-Cap |
Asset Class Style | Blend |
Expense Ratio
LABFX has a high expense ratio of 0.50%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
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Popular comparisons: LABFX vs. SPY, LABFX vs. VFIAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Lord Abbett Multi-Asset Balanced Opportunity 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 Multi-Asset Balanced Opportunity Fund had a return of 3.83% year-to-date (YTD) and 12.81% in the last 12 months. Over the past 10 years, Lord Abbett Multi-Asset Balanced Opportunity Fund had an annualized return of 5.28%, while the S&P 500 had an annualized return of 10.33%, indicating that Lord Abbett Multi-Asset Balanced Opportunity Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.83% | 5.21% |
| 1 month | -3.09% | -4.30% |
| 6 months | 14.33% | 18.42% |
| 1 year | 12.81% | 21.82% |
| 5 years (annualized) | 6.30% | 11.27% |
| 10 years (annualized) | 5.28% | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.23% | 3.50% | 2.70% | -3.42% | ||||||||
| 2023 | -2.02% | 6.84% | 4.00% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of LABFX is 74, suggesting that the investment has average results relative to the market in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Lord Abbett Multi-Asset Balanced Opportunity Fund(LABFX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Lord Abbett Multi-Asset Balanced Opportunity Fund (LABFX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Lord Abbett Multi-Asset Balanced Opportunity Fund granted a 2.17% dividend yield in the last twelve months. The annual payout for that period amounted to $0.25 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.25 | $0.18 | $2.32 | $0.76 | $0.39 | $0.74 | $0.68 | $0.36 | $0.79 | $1.05 | $0.52 |
Dividend yield | 2.17% | 2.25% | 1.82% | 19.12% | 5.83% | 3.36% | 7.40% | 5.76% | 3.20% | 7.53% | 8.78% | 4.20% |
Monthly Dividends
The table displays the monthly dividend distributions for Lord Abbett Multi-Asset Balanced Opportunity 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.01 | $0.02 | $0.03 | $0.00 | ||||||||
| 2023 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.02 | $0.02 | $0.02 | $0.04 | $0.04 |
| 2022 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.01 | $0.01 | $0.04 | $0.03 |
| 2021 | $0.01 | $0.01 | $0.01 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.07 | $2.14 |
| 2020 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.00 | $0.02 | $0.01 | $0.06 | $0.60 |
| 2019 | $0.01 | $0.02 | $0.02 | $0.01 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.01 | $0.04 | $0.22 |
| 2018 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.01 | $0.02 | $0.01 | $0.06 | $0.54 |
| 2017 | $0.01 | $0.01 | $0.03 | $0.01 | $0.02 | $0.03 | $0.01 | $0.02 | $0.02 | $0.01 | $0.07 | $0.45 |
| 2016 | $0.02 | $0.01 | $0.04 | $0.01 | $0.01 | $0.04 | $0.01 | $0.02 | $0.03 | $0.01 | $0.07 | $0.10 |
| 2015 | $0.01 | $0.02 | $0.04 | $0.01 | $0.01 | $0.05 | $0.01 | $0.01 | $0.03 | $0.01 | $0.05 | $0.53 |
| 2014 | $0.01 | $0.01 | $0.04 | $0.01 | $0.01 | $0.05 | $0.01 | $0.01 | $0.04 | $0.02 | $0.05 | $0.78 |
| 2013 | $0.01 | $0.01 | $0.03 | $0.01 | $0.01 | $0.05 | $0.01 | $0.01 | $0.04 | $0.01 | $0.04 | $0.27 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Lord Abbett Multi-Asset Balanced Opportunity 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 Multi-Asset Balanced Opportunity Fund was 42.35%, occurring on Mar 9, 2009. Recovery took 453 trading sessions.
The current Lord Abbett Multi-Asset Balanced Opportunity Fund drawdown is 4.46%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -42.35% | Oct 15, 2007 | 351 | Mar 9, 2009 | 453 | Dec 22, 2010 | 804 |
| -26.08% | Feb 20, 2020 | 23 | Mar 23, 2020 | 92 | Aug 3, 2020 | 115 |
| -25.03% | Sep 12, 2000 | 518 | Oct 9, 2002 | 284 | Nov 25, 2003 | 802 |
| -21.89% | Nov 9, 2021 | 235 | Oct 14, 2022 | — | — | — |
| -18.54% | May 2, 2011 | 108 | Oct 3, 2011 | 238 | Sep 13, 2012 | 346 |
Volatility
Volatility Chart
The current Lord Abbett Multi-Asset Balanced Opportunity Fund volatility is 2.29%, 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.