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.
Lord Abbett Mid Cap Stock I LMCYX
NAV / 1-Day Return
34.90
/
0.17
%
Total Assets
1.5 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.770%
Expense Ratio
0.770%
Fee Level
Below Average
Longest Manager Tenure
12.97
years
Category
Mid-Cap Value
Investment Style
Mid ValueMin. Initial Investment
1,000,000
Status
Open
TTM Yield
1.18%
Turnover
63%
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will LMCYX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable LMCYX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the LMCYX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of LMCYX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Stuck in a rut.
