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Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
YTD Return
15.8%
1 yr return
30.2%
3 Yr Avg Return
8.2%
5 Yr Avg Return
10.9%
Net Assets
$1.17 B
Holdings in Top 10
20.7%
Expense Ratio 1.23%
Front Load N/A
Deferred Load N/A
Turnover 61.00%
Redemption Fee N/A
Standard (Taxable)
$0
IRA
N/A
Fund Type
Open End Mutual Fund
Name
As of 10/04/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Under normal conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of mid-sized companies. A mid-sized company is defined as a company having a market capitalization at the time of purchase that falls within the market capitalization range of companies in the Russell Midcap® Index. The Fund seeks to invest in securities of companies that the portfolio management team believes are undervalued by the market and are selling at reasonable prices in relation to the portfolio management team’s assessment of their potential or intrinsic value.
Equity securities in which the Fund may invest include common stocks, preferred stocks, equity interests in trusts (including real estate investment trusts (“REITs”) and privately offered trusts), partnerships, joint ventures, limited liability companies and vehicles with similar legal structures, other instruments convertible or exercisable into the foregoing, and other investments with similar economic characteristics.
The Fund may invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts (“ADRs”), and other similar depositary receipts. In addition to ADRs, the Fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.
The investment team may also consider the risks and return potential presented by environmental, social, and governance (“ESG”) factors in investment decisions. The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
Period | LMCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.8% | 3.8% | 25.0% | 17.17% |
1 Yr | 30.2% | 12.4% | 46.0% | 28.07% |
3 Yr | 8.2%* | -1.9% | 15.7% | 39.50% |
5 Yr | 10.9%* | 1.2% | 18.7% | 46.59% |
10 Yr | 7.7%* | 1.8% | 12.4% | 73.28% |
* Annualized
Period | LMCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.0% | -11.3% | 33.3% | 18.85% |
2022 | -18.3% | -41.6% | 2.3% | 82.32% |
2021 | 18.0% | -41.5% | 44.9% | 57.06% |
2020 | 1.4% | -29.0% | 22.1% | 48.17% |
2019 | 19.0% | -8.1% | 31.2% | 73.26% |
Period | LMCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 15.8% | 3.8% | 25.0% | 17.17% |
1 Yr | 30.2% | 12.4% | 46.0% | 28.07% |
3 Yr | 8.2%* | -1.9% | 15.7% | 39.50% |
5 Yr | 10.9%* | 1.2% | 18.7% | 46.59% |
10 Yr | 7.7%* | 1.8% | 12.4% | 73.28% |
* Annualized
Period | LMCPX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 15.3% | -3.7% | 36.5% | 31.69% |
2022 | -11.3% | -35.0% | 2.4% | 80.66% |
2021 | 28.6% | 6.2% | 48.3% | 51.25% |
2020 | 2.5% | -22.9% | 23.2% | 52.96% |
2019 | 22.7% | -3.0% | 35.7% | 85.76% |
LMCPX | Category Low | Category High | LMCPX % Rank | |
---|---|---|---|---|
Net Assets | 1.17 B | 991 K | 28 B | 39.51% |
Number of Holdings | 67 | 8 | 2308 | 67.03% |
Net Assets in Top 10 | 237 M | 319 K | 5.52 B | 44.96% |
Weighting of Top 10 | 20.70% | 4.6% | 100.3% | 49.86% |
Weighting | Return Low | Return High | LMCPX % Rank | |
---|---|---|---|---|
Stocks | 99.16% | 56.67% | 103.53% | 29.16% |
Other | 0.93% | -0.10% | 7.30% | 13.62% |
Cash | 0.05% | 0.00% | 38.75% | 84.47% |
Preferred Stocks | 0.00% | 0.00% | 1.68% | 22.62% |
Convertible Bonds | 0.00% | 0.00% | 0.02% | 15.34% |
Bonds | 0.00% | 0.00% | 25.59% | 17.98% |
Weighting | Return Low | Return High | LMCPX % Rank | |
---|---|---|---|---|
Financial Services | 18.70% | 0.00% | 60.11% | 43.01% |
Industrials | 17.54% | 0.00% | 29.02% | 29.59% |
Healthcare | 10.71% | 0.00% | 32.47% | 35.07% |
Energy | 10.68% | 0.00% | 29.17% | 12.33% |
Technology | 9.86% | 0.00% | 30.07% | 44.38% |
Real Estate | 9.41% | 0.00% | 40.74% | 25.21% |
Utilities | 6.58% | 0.00% | 24.69% | 44.66% |
Basic Materials | 5.77% | 0.00% | 23.88% | 50.41% |
Consumer Defense | 4.83% | 0.00% | 33.79% | 66.85% |
Consumer Cyclical | 4.77% | 0.00% | 29.62% | 92.33% |
Communication Services | 1.15% | 0.00% | 19.80% | 77.26% |
Weighting | Return Low | Return High | LMCPX % Rank | |
---|---|---|---|---|
US | 97.76% | 56.67% | 103.53% | 54.22% |
Non US | 1.40% | 0.00% | 33.85% | 21.53% |
LMCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.23% | 0.06% | 16.92% | 31.97% |
Management Fee | 0.59% | 0.00% | 1.20% | 22.07% |
12b-1 Fee | 0.45% | 0.00% | 1.00% | 69.23% |
Administrative Fee | 0.04% | 0.01% | 0.40% | 6.06% |
LMCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 3.50% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 4.00% | N/A |
LMCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LMCPX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 61.00% | 0.00% | 227.00% | 65.67% |
LMCPX | Category Low | Category High | LMCPX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 22.79% | 80.60% |
LMCPX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | SemiAnnual | Annual | Quarterly | Annual |
LMCPX | Category Low | Category High | LMCPX % Rank | |
---|---|---|---|---|
Net Income Ratio | 0.54% | -1.84% | 4.73% | 65.11% |
LMCPX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Date | Amount | Type |
---|---|---|
Dec 19, 2023 | $0.112 | OrdinaryDividend |
Dec 19, 2023 | $0.120 | CapitalGainLongTerm |
Jul 27, 2023 | $0.105 | CapitalGainLongTerm |
Dec 20, 2022 | $1.892 | OrdinaryDividend |
Jul 28, 2022 | $0.411 | OrdinaryDividend |
Dec 17, 2021 | $2.854 | OrdinaryDividend |
Dec 18, 2020 | $0.290 | OrdinaryDividend |
Dec 18, 2019 | $0.187 | OrdinaryDividend |
Dec 18, 2019 | $0.660 | CapitalGainLongTerm |
Jul 31, 2019 | $0.002 | OrdinaryDividend |
Dec 18, 2018 | $1.317 | CapitalGainLongTerm |
Dec 18, 2018 | $0.185 | OrdinaryDividend |
Jul 31, 2018 | $0.003 | ExtraDividend |
Dec 15, 2017 | $0.528 | CapitalGainLongTerm |
Dec 15, 2017 | $0.198 | OrdinaryDividend |
Jul 28, 2017 | $0.009 | ExtraDividend |
Dec 16, 2016 | $0.115 | OrdinaryDividend |
Jul 29, 2016 | $0.002 | OrdinaryDividend |
Dec 18, 2015 | $0.148 | OrdinaryDividend |
Jul 31, 2015 | $0.004 | OrdinaryDividend |
Dec 19, 2014 | $0.129 | OrdinaryDividend |
Dec 18, 2013 | $0.090 | OrdinaryDividend |
Jul 31, 2013 | $0.001 | ExtraDividend |
Dec 18, 2012 | $0.108 | OrdinaryDividend |
Dec 16, 2011 | $0.007 | OrdinaryDividend |
Dec 17, 2010 | $0.042 | OrdinaryDividend |
Dec 18, 2009 | $0.064 | OrdinaryDividend |
Dec 23, 2008 | $0.250 | OrdinaryDividend |
Feb 05, 2008 | $0.024 | CapitalGainShortTerm |
Feb 05, 2008 | $0.797 | CapitalGainLongTerm |
Dec 21, 2007 | $0.182 | CapitalGainShortTerm |
Dec 21, 2007 | $3.281 | CapitalGainLongTerm |
Dec 21, 2007 | $0.068 | OrdinaryDividend |
Jan 31, 2007 | $0.012 | CapitalGainShortTerm |
Jan 31, 2007 | $0.415 | CapitalGainLongTerm |
Jan 31, 2007 | $0.001 | OrdinaryDividend |
Dec 21, 2006 | $0.085 | CapitalGainShortTerm |
Dec 21, 2006 | $1.781 | CapitalGainLongTerm |
Dec 21, 2006 | $0.082 | OrdinaryDividend |
Jan 31, 2006 | $0.078 | CapitalGainShortTerm |
Jan 31, 2006 | $0.640 | CapitalGainLongTerm |
Jan 31, 2006 | $0.011 | OrdinaryDividend |
Dec 20, 2005 | $0.069 | CapitalGainShortTerm |
Dec 20, 2005 | $1.341 | CapitalGainLongTerm |
Dec 20, 2005 | $0.085 | OrdinaryDividend |
Feb 01, 2005 | $0.076 | CapitalGainShortTerm |
Feb 01, 2005 | $0.428 | CapitalGainLongTerm |
Dec 21, 2004 | $0.668 | CapitalGainLongTerm |
Dec 21, 2004 | $0.067 | OrdinaryDividend |
Dec 19, 2003 | $0.033 | CapitalGainShortTerm |
Dec 19, 2003 | $0.167 | CapitalGainLongTerm |
Dec 19, 2003 | $0.081 | OrdinaryDividend |
Jan 24, 2003 | $0.095 | OrdinaryDividend |
Jan 24, 2002 | $0.026 | CapitalGainShortTerm |
Jan 24, 2002 | $0.251 | CapitalGainLongTerm |
Jan 24, 2002 | $0.070 | OrdinaryDividend |
Start Date
Tenure
Tenure Rank
Jun 25, 2008
13.94
13.9%
Mr. Diamond, portfolio manager, joined Lord Abbett in 2007 as a research analyst for the mid cap value equity strategy. His prior experience includes: Managing Director at Axia Capital Management, LLC; Senior Vice President, Portfolio Manager at Franklin Mutual Advisers; Vice President, Assistant Portfolio Manager at Prudential Mutual Funds; and Vice President, Financial Restructuring, at Prudential Capital Group. Mr. Diamond received a BS from Cornell University and an MBA from Columbia University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.
Start Date
Tenure
Tenure Rank
Sep 14, 2020
1.71
1.7%
John C. Hardy, Portfolio Manager. Mr. Hardy joined Lord Abbett in 2011 and is responsible for contributing to the management for Lord Abbett’s smid-, small-and micro-cap value equity strategies.
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 35.59 | 8.2 | 10.92 |
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