Lord Abbett Multi-Asset Growth A (LWSAX - MF report) a Zacks Ranked #2 (Buy) seeks long-term capital appreciation and income growth. LWSAX is a “fund of funds†that invests principally in affiliated mutual funds managed by Lord, Abbett & Co. LLC. Under normal conditions, through the underlying funds, LWSAX indirectly invests principally in U.S. equity securities and select fixed income securities and foreign securities. LWSAX uses a “blend†strategy to gain investment exposure to both growth and value stocks, or in stocks with characteristics of both.
This Allocation Balanced fund, as of the last filing, allocates their fund in three major groups; Large Value, High Yield Bond, Foreign Stock. As of the last filing, Lord Abbett High Yield C, Lord Abbett TR Int Div Income, and Lord Abbett Mid Cap Stock were the top holdings for LWSAX.
The Lord Abbett Multi-Asset Growth A fund, managed by Lord Abbett, carries an expense ratio of 0.34 and requires a minimal initial investment of $1,500.
LWSAX has a history of strong positive total returns for over 10 years. Specifically, the fund’s returns over the 1, 3, 5 year benchmarks; 1 year 1.84%, 3 year 12.99%, and 5 year 11.92%. To see how this fund performed compared in its category, please click here.
LWSAX’s performance, as of the last filing, when compared to funds in its category was in the top 41% in 1 year, top 15% over the past 3 years, and in the 23% over the past 5 years.
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