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.
Lord Abbett Mid Cap Stock A LAVLX
NAV / 1-Day Return
35.37
/
0.88
%
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.
1.020%
Expense Ratio
1.020%
Fee Level
Low
Longest Manager Tenure
13.26
years
Category
Mid-Cap Value
Investment Style
Mid ValueMin. Initial Investment
1,000
Status
Open
TTM Yield
0.98%
Turnover
63%
Premium
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 LAVLX 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 LAVLX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
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.
Parent Pillar
The Parent Pillar is our rating of LAVLX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Lord Abbett Mid Cap Stock’s Lead Manager Has Departed the Firm; Ratings Unchanged
