Lord Abbett is a renowned global asset manager that seeks to come up with a 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 $185.4 billion in assets under management as of Jun 30, 2019. The company has about 787 employees and 167 investment professionals dedicated to address clients’ needs. Lord Abbett deals in 57 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) and is expected to outperform its peers in the future. Investors can click here to see the complete list of funds.
Lord Abbett Developing Growth Fund class A LAGWX seeks capital appreciation over a long period. The fund primarily invests in securities of small-capitalization U.S. companies. The fund invests mostly in companies it believes to have high potential for growth. LAGWX has returned 35.1% on a year-to-date basis.
As of July 2019, LAGWX held 98 issues with 2.89% of its assets invested in Everbridge Inc.
Lord Abbett High Yield Fund Class R5 LHYTX aims for high current income. The fund invests the majority of its assets in lower-rated debt securities and may also invest the minority of its assets in municipal securities. LHYTX has returned 11.9% on a year-to-date basis.
LHYTX has an expense ratio of only 0.70% compared with the category average of 1.01%.
Lord Abbett Developing Growth Fund Class R6 LADVX seeks growth of capital over a long period of time. The fund invests the majority of its assets in companies with high growth-potential. The fund primarily invests in securities of small-capitalization companies and may also invest in foreign companies. LADVX has returned 35.4% on a year-to-date basis.
F. Thomas O’Halloran is a fund manager of LADVX 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.
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