Markets

3 Lord Abbett Funds for Spectacular Gains

Lord Abbett is a renowned global asset manager that seeks to come up with successful investment performance on behalf of its clients for the long run. The company aims to provide a wide variety of financial products and services to fulfill the needs of its investors. The three key factors that have added to Lord Abbett’s success are its independent perspective, smart product design and dedication to active management.

This New Jersey-based company was founded in November 1929 and had around $179.5 billion in assets under management as of Mar 31, 2020. The company has about 750 employees and 162 investment professionals dedicated to address clients’ needs. Lord Abbett deals in 59 mutual funds investing in not only domestic and global stocks but also in fixed-income, tax-free income and multi-asset securities.

Below we share with you three top-ranked Lord Abbett mutual funds. Each has earned a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.

Lord Abbett Affiliated Fund Class A LAFFX aims for long-term appreciation of capital and income. The fund invests the majority of assets in equity securities of large-cap companies on the Russell 1000 Index that pay out dividends and have solid potential for capital growth. LAFFX has three-year annualized returns of 1.8%.

As of the end of May 2020, LAFFX held 81 issues with 3.33% of its assets invested in Microsoft Corp.

Lord Abbett Emerging Markets Bond Fund Class A LDMAX aims for maximum total return. In order to abide by its investment objective, the fund primarily invests in debt securities that are tied economically to the emerging markets. LDMAX has three-year annualized returns 2.5%.

LDMAX has an expense ratio of only 0.96% compared with the category average of 1.05%.

Lord Abbett Developing Growth Fund Class R3 LADRX seeks capital growth over the long term by investing in a well-diversified portfolio of developing growth companies. The fund invests the majority of assets in equity securities of small companies and may also invest up to 10% of assets in securities of non-U.S. companies. LADRX has three-year annualized returns of 22.8%.

F. Thomas O’Halloran is a fund manager of LADRX since 2001.

To view the Zacks Rank and past performance of all Lord Abbett mutual funds, investors can click here to see the complete list of funds.

Want key mutual fund info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>


Click to get this free report

Get Your Free (LADRX): Fund Analysis Report

Get Your Free (LAFFX): Fund Analysis Report

Get Your Free (LDMAX): Fund Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Other Topics

Mutual Funds

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More