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Lord Abbett Mid Cap Stock R2 LMCQX

Analyst rating as of
NAV / 1-Day Return
35.84  /  0.34 %
Total Assets
1.5 Bil
Adj. Expense Ratio
1.370%
Expense Ratio
1.370%
Fee Level
Low
Longest Manager Tenure
13.33 years
Category
Mid-Cap Value
Investment Style
Mid Value
Min. Initial Investment
0
Status
Open
TTM Yield
0.73%
Turnover
63%
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Morningstar’s Analysis

Will LMCQX outperform in future?

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Lord Abbett Mid Cap Stock’s Lead Manager Has Departed the Firm; Ratings Unchanged

Analyst Note

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Eli Rabinowich no longer serves as Lord Abbett Mid Cap Stock’s lead manager and has left the firm less than three years after arriving in 2018. He was originally named head of Lord Abbett’s then-nascent value-equity department, inheriting portfolio management duties across a suite of funds in addition to personnel oversight obligations. However, his responsibilities were steadily pared back. He was removed as head of value equities in 2020 and made way for another comanager, John Hardy, later that year. Rabinowich wasn’t able to turn around this comparatively poor-performing fund, which trailed most mid-value Morningstar Category peers and the Russell Mid Cap Value Index on his watch.

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