About BLATX
The Lord Abbett Multi-Asset Balanced Opportunity Fund Class R5 is a mutual fund designed to provide investors with a balance of current income and long-term capital growth. Structured as a diversified, tactically managed multi-asset fund, it allocates capital across a blend of asset classes including U.S. equities, fixed income securities, and select international instruments. The portfolio construction emphasizes flexibility, allowing for adjustments based on prevailing market conditions and opportunities. Notable for its indirect investment approach, the fund primarily holds various Lord Abbett equity and fixed income strategies, offering broad exposure across sectors such as core fixed income, dividend growth, fundamental equity, income, and high yield, among others. With over 90% of its assets concentrated in its top holdings, the fund targets a moderate allocation style suitable for investors seeking a mix of stability and growth potential. It features monthly dividend distributions and a competitive expense ratio, making it an important vehicle for both individual and institutional investors looking to diversify their portfolios within a single, actively managed product.
Fund Family Lord Abbett
Category Allocation--50% to 70% Equity
Performance Rating Average
Risk Rating Average
Stock Exchange Nasdaq
Ticker Symbol BLATX
Share Class Class R5
Index Russell 1000 TR USD
BLATX had a total return of 5.10% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.34%.
