Fund Evaluator:
Lord Abbett Mid Cap Stock P (LMCPX)
Follow This Fund
Best Performing in Mid-Cap Value Over the Last Year
| 41.4% | Fidelity Value Strategies (FSLSX) |
| 39.3% | Fidelity Advisor Mid Cap Value Z (FIDFX) |
| 39.2% | Fidelity Mid Cap Value (FSMVX) |
| 38.8% | Harbor Mid Cap Value Instl (HAMVX) |
| 38.3% | Harbor Mid Cap Value Investor (HIMVX) |
Fund Details
Lord Abbett Mid Cap Stock P Overview
Lord Abbett Mid Cap Stock P (LMCPX) is an actively managed U.S. Equity Mid-Cap Value fund. Lord Abbett launched the fund in 1997.
The investment seeks capital appreciation through investments, primarily in equity securities, which are believed to be undervalued in the marketplace. The fund will invest at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of mid-sized companies. It may invest up to 10% of its net assets in foreign companies, including emerging market companies, American Depositary Receipts ("ADRs"), and other similar depositary receipts. The adviser defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.
About Lord Abbett Mid Cap Stock P (LMCPX)
There are 2 members of the management team with an average tenure of 4.07 years: John Hardy (2020), Michael Kovac (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and S&P MidCap 400 Value TR USD index with a weighting of 100%. Lord Abbett Mid Cap Stock P has 56 securities in its portfolio. The top 10 holdings constitute 31.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Lord Abbett Mid Cap Stock P is part of the Equity global asset class and is within the U.S. Equity fund group. Lord Abbett Mid Cap Stock P has 12.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 87.9%. There is 12.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Lord Abbett Mid Cap Stock P has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $23 million in total assets, which is below the $642 million average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
LMCPX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lord Abbett Mid Cap Stock P expense ratio is high compared to funds in the Mid-Cap Value category. Lord Abbett Mid Cap Stock P has an expense ratio of 1.21%, which is 17% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Lord Abbett Mid Cap Stock P. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.
Recently, in the month of July 2026, Lord Abbett Mid Cap Stock P returned -1.2%, which earned it a grade of F, as the Mid-Cap Value category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Lord Abbett Mid Cap Stock P has a trailing yield of 0.24%, which is below the 0.87% category average. The fund normally distributes its income semi-annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Lord Abbett Mid Cap Stock P Grades
Year to date, the fund has returned 12.4%, 3.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 19.5% over the past year (grade of D), 13.1% over the past three years (grade of C) and 8.9% per year over the past five years (grade of C) and 8.3% per year over the past 10 years (grade of F).
For more mutual fund grades, analysis and screening tools to help your investment discovery, join AAII for a $2, full-access trial. Learn more here: https://invest.aaii.com/membership.
Otherwise, for more information about Lord Abbett Mid Cap Stock P, including its riskiness, submit your email to unlock the rest of the article.
Gain access to exclusive AAII member-only content.
LMCPX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| LMCPX Return (NAV) | -1.2% | 1.9% | 19.5% | 13.1% | 8.9% | 8.3% |
| LMCPX Grade | F | F | D | C | C | F |
| +/- Category | -2.9% | -4.1% | -3.6% | -0.4% | -0.5% | -1.8% |
| Mid-Cap Value Avg | 1.7% | 6.0% | 23.1% | 13.4% | 9.4% | 10.1% |
| LMCPX Tax Cost Ratio | na | na | 1.1% | 1.5% | 1.8% | 1.2% |
LMCPX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LMCPX Return (NAV) | 12.4% | 7.1% | 14.8% | 15.3% | -11.3% | 28.6% | 2.5% | 22.7% | -14.7% | 6.8% | 16.3% |
| LMCPX Grade | F | D | A | B | F | C | C | F | D | F | C |
| +/- Category | -3.2% | -2.8% | 3.1% | 1.4% | -3.1% | 1.2% | -1.3% | -3.6% | -1.3% | -7.3% | -1.0% |
| Mid-Cap Value Avg | 15.5% | 9.9% | 11.8% | 13.9% | -8.2% | 27.5% | 3.8% | 26.3% | -13.4% | 14.1% | 17.4% |
| Risk Measures | |
| Standard Deviation: | 14.5% |
| Total Risk Index: | 1.18 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (58% Rank) |
| Beta: | 0.92 |
| R-Squared: | 69% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.2% |
| Dividend Distribution: | Semi-Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $1172 Mil |
| Fund Total Assets: | $ 24 Mil |
| Share Class Type: | Other |
| Portfolio Turnover: | na |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 5.9 years | |||
| Average Tenure: 4.1 years | |||
| Managers (Year): Hardy John (2020), Kovac Michael (2024) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 56 |
| % in Top 10 Holdings: | 31.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 12.1% |
Portfolio Allocation |
|
| Domestic Stock: | 87.9% |
| Foreign Stock: | 12.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Fund Family: | Lord Abbett |
| Phone Number: | 888-522-2388 |
| Website: | www.lordabbett.com |
| Status: | Closed |
| Inception Date: | November 24, 1997 |
| Min. Initial Purchase: | $ 0 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.45% |
Expenses and Fees | |
| Expense Ratio (%): | 1.21% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Lord Abbett Mid Cap Stock A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
