Fund Evaluator:
Lord Abbett Small Cap Value R3 (LRSRX)
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Fund Details
Lord Abbett Small Cap Value R3 Overview
Lord Abbett Small Cap Value R3 (LRSRX) is an actively managed U.S. Equity Small Value fund. Lord Abbett launched the fund in 2008.
The investment seeks long-term capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of small companies. It may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts (“ADRs”). The adviser defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.
About Lord Abbett Small Cap Value R3 (LRSRX)
There are 2 members of the management team with an average tenure of 5.73 years: Qie Zhang (2022), John Hardy (2018). 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 Russell 2000 Value TR USD index with a weighting of 100%. Lord Abbett Small Cap Value R3 has 55 securities in its portfolio. The top 10 holdings constitute 28.8% 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 Small Cap Value R3 is part of the Equity global asset class and is within the U.S. Equity fund group. Lord Abbett Small Cap Value R3 has 10.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 90.0%. There is 10.0% 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 Small Cap Value R3 has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $2 million in total assets, which is below the $417 million average for the Small 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.
LRSRX 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 Small Cap Value R3 expense ratio is high compared to funds in the Small Value category. Lord Abbett Small Cap Value R3 has an expense ratio of 1.46%, which is 25% higher than its category average, making the fund expense ratio grade a F. 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. Lord Abbett Small Cap Value R3 has a portfolio turnover rate of 69%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 128% for the Small Value category.
Recently, in the month of July 2026, Lord Abbett Small Cap Value R3 returned -0.5%, which earned it a grade of C, as the Small Value category had an average return of -0.4%. 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 Small Cap Value R3 has a trailing yield of 0.13%, which is below the 0.77% category average. The fund normally distributes its income 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 Small Cap Value R3 Grades
Year to date, the fund has returned 18.2%, 1.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 22.0% over the past year (grade of F), 11.1% over the past three years (grade of D) and 7.1% per year over the past five years (grade of F) and 7.2% per year over the past 10 years (grade of F).
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LRSRX 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 |
|
| LRSRX Return (NAV) | -0.5% | 5.1% | 22.0% | 11.1% | 7.1% | 7.2% |
| LRSRX Grade | C | D | F | D | F | F |
| +/- Category | -0.1% | -1.2% | -8.7% | -2.3% | -2.0% | -2.7% |
| Small Value Avg | -0.4% | 6.4% | 30.6% | 13.4% | 9.1% | 9.9% |
| LRSRX Tax Cost Ratio | na | na | 1.6% | 1.4% | 1.9% | 2.4% |
LRSRX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| LRSRX Return (NAV) | 18.2% | 0.4% | 12.6% | 19.5% | -17.8% | 26.1% | -1.7% | 20.0% | -12.1% | 6.1% | 20.2% |
| LRSRX Grade | D | F | A | B | F | D | F | D | B | F | D |
| +/- Category | -1.9% | -6.2% | 2.9% | 3.7% | -7.5% | -4.1% | -5.8% | -3.0% | 2.6% | -4.2% | -4.6% |
| Small Value Avg | 20.1% | 6.6% | 9.7% | 15.8% | -10.3% | 30.3% | 4.1% | 23.0% | -14.7% | 10.2% | 24.7% |
| Risk Measures | |
| Standard Deviation: | 18.3% |
| Total Risk Index: | 1.49 - High |
| Category Risk Index: | 1.01 - Average |
| Category Risk Grade: | C (53% Rank) |
| Beta: | 1.04 |
| R-Squared: | 55% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Small-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.1% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $406 Mil |
| Fund Total Assets: | $ 3 Mil |
| Share Class Type: | Retirement |
| Portfolio Turnover: | 69% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.8 years | |||
| Average Tenure: 5.7 years | |||
| Managers (Year): Hardy John (2018), Zhang Qie (2022) | |||
Portfolio Composition (as of 5/31/26)
| # of Holdings: | 55 |
| % in Top 10 Holdings: | 28.8% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 10.0% |
Portfolio Allocation |
|
| Domestic Stock: | 90.0% |
| Foreign Stock: | 10.0% |
| 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: | Open |
| Inception Date: | March 31, 2008 |
| 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: | 0.50% |
Expenses and Fees | |
| Expense Ratio (%): | 1.46% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.17% |
| Share Class: | Lord Abbett Small Cap Value A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
