About BLAFX
The Lord Abbett Multi-Asset Balanced Opportunity Fund Class F is a mutual fund structured as a "fund-of-funds," investing primarily in a diversified mix of affiliated funds managed by Lord Abbett. Its principal objective is to achieve long-term capital growth while also providing current monthly income, accomplished by tactically allocating assets across U.S. equities, fixed income, and select foreign—including emerging market—securities. The fund utilizes a balanced strategy, maintaining a mix of growth and value stock exposures alongside various bond instruments, typically allocating 50-70% to equities. Top holdings include a range of Lord Abbett equity and fixed income funds, resulting in significant portfolio diversification. Classified within the moderate allocation category, the fund targets investors seeking a blend of income and long-term growth potential, appealing to those who value risk management through asset class diversification. With a net expense ratio around 1.01%, it features a no-load structure, monthly income distributions, and a yield that has recently ranged near 2.5%. This fund plays a key role in the market for investors aiming for balanced exposure to multiple asset classes through a single, professionally managed vehicle.
Fund Family Lord Abbett
Category Allocation--50% to 70% Equity
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol BLAFX
Share Class Class F
Index Russell 1000 TR USD
BLAFX had a total return of 13.07% in the past year, including dividends.
Since the fund's inception, the average annual return has been 5.59%.
