Lord Abbett Mid Cap Stock is off to a slow start under new leadership, and additional team turnover adds further cause for concern. An unproven but reasonable process is enough to keep 10 of the 11 share classes at a Morningstar Analyst Rating of Neutral, while the most expensive C shares are downgraded to Negative.
Will LAVLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LAVLX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the LAVLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of LAVLX’s parent organization’s priorities and whether they’re in line with investors’ interests.