About BLAVX
The Lord Abbett Multi-Asset Balanced Opportunity Fund Class R6 is a multi-asset mutual fund designed to deliver long-term capital growth alongside current monthly income. It employs a diversified, tactical allocation approach by investing primarily in a broad range of underlying Lord Abbett funds, encompassing domestic and international equities, fixed income, and alternative strategies. The portfolio typically features exposure to core fixed income, dividend growth, fundamental equity, high yield bonds, and international funds, aiming to balance capital appreciation with income generation.
This fund stands out for its use of both direct investments and derivatives—including futures, forwards, options, and swaps—for risk management and, occasionally, for return enhancement, with derivative holdings generally not exceeding 35% of net assets under normal conditions. The fund’s actively managed structure allows dynamic adjustments to asset allocation in response to changing market conditions. As such, it serves investors seeking a single, diversified investment solution with the potential to navigate various market environments while maintaining a moderate risk profile. The fund is managed by Lord Abbett and is structured to complement broader portfolio strategies focused on both growth and income.
Fund Family Lord Abbett
Category Allocation--50% to 70% Equity
Performance Rating Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol BLAVX
Share Class Class R6
Index Russell 1000 TR USD
BLAVX had a total return of 14.43% in the past year, including dividends.
Since the fund's inception, the average annual return has been 7.68%.
