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Look at Lord Abbett Multi-Asset Balanced Opportunities C Fund (BFLAX)

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Lord Abbett Multi-Asset Balanced Opportunities C Fund (BFLAX - Free Report) seeks current income and capital growth. BFLAX invests in other mutual funds rather than directly in portfolio securities like stocks, bonds, and money market instruments. BFLAX uses an asset allocation investment process by investing in other funds managed by Lord Abbett and Co. BFLAX generally focuses its investment in either equity or fixed income securities.

This Allocation Balanced product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.3% and 5 year 6.9%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here.

The Lord Abbett Multi-Asset Balanced Opportunities C fund, as of the last filing, allocates their fund in top three major groups; Large Value, High Yield Bond and Small Growth. Further, as of the last filing, Lord Abbett High Yield C, Lord Abbett Mid Cap Stock and Lord Abbett Calibrated Mid Cap Value were the top holdings for BFLAX.

This Zacks Rank #2 (Buy) was incepted in December 1994 and is managed by Lord Abbett. BFLAX carries an expense ratio of 1.98% and requires a minimal initial investment of $1,500.

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