Envestnet PMC has selected Lord Abbett to participate in a series of ActivePassive Fund Strategist Portfolios (FSP) – a new type of investment product that manages both product selection and asset allocation. PMC was seeking a firm that has strong innovation growth equity, taxable, and tax-free investment capabilities to fulfill its philosophy of ActivePassive investing.
Why ActivePassive?
Taxable ActivePassive Portfolios
Tax-Free ActivePassive Portfolios
Why ActivePassive?
Simply put, the ActivePassive approach, launched by PMC in 2005, seeks an ideal combination of active and passive investment strategies based on an analysis of historical category performance. Envestnet PMC specialists have refined this discipline over the years, and currently have $3.7 billion in AUM utilizing their ActivePassive approach.
Why Lord Abbett and PMC Together?
“ActivePassive” Fund Strategist Portfolios are strategic asset allocation portfolios constructed by PMC that blend a selection of actively managed Lord Abbett funds with funds from other asset managers. These portfolios are designed to add scale and efficiency to your practice.
Lord Abbett
A singular focus on active money management since 1929
We are passionate about the quality of our products
Our mission is to deliver long-term investment performance and a client experience that exceeds expectations
Envestnet | PMC
Research, portfolio consulting, and management driven by fundamental theory and disciplined execution
Proprietary capital markets assumptions (CMAs) inform portfolio construction and asset allocation methodology
Due diligence process identifies high-conviction investment managers
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Important Information
Past performance is not a reliable indicator or guarantee of future results. The model portfolio performance provided below is calculated by Envestnet PMC and is based on a weighted average of the performance of the underlying fund investments less the fees stated above for each model portfolio. Therefore, Lord Abbett cannot guarantee the accuracy of the performance figures. Certain model portfolios have an "N/A" instead of a performance figure as Envestnet PMC does not calculate the performance of model portfolios that do not currently have investors.
Taxable Active Passive Portfolios
Performance numbers for Capital Preservation as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.40%. Weighted Average Net Expense ratio: 0.44%. Performance numbers for Conservative as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.41%. Weighted Average Net Expense ratio: 0.44%. Performance numbers for Conservative Growth as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.42%. Weighted Average Net Expense ratio: 0.44%. Performance numbers for Moderate as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.42%. Weighted Average Net Expense ratio: 0.43%. Performance numbers for Moderate Growth as of 03/31/2025 since inception: 1.36%. Weighted Average Gross Expense ratio: 0.41%. Weighted Average Net Expense ratio: 0.42%. Performance numbers for Growth as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.40%. Weighted Average Net Expense ratio: 0.41%. Performance numbers for Aggressive as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.41%. Weighted Average Net Expense ratio: 0.41%. The expense ratios are calculated by multiplying each underlying fund's net expense ratio by its weight in the model portfolio, then summing the results. The net expense ratios include all fees of the underlying funds, taking into account any fee waivers and/or expense reimbursements. The expense ratios do not include the PMC management fee. There may be additional program and/or platform fees incurred by retail investors. Yields for the model portfolios are calculated using a weighted average of the underlying fund yields.
Tax-Free Active Passive Portfolios
Performance numbers for Capital Preservation w. Munis as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.45%. Weighted Average Net Expense ratio: 0.47%. Performance numbers for Conservative w. Munis as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.45%. Weighted Average Net Expense ratio: 0.46%. Performance numbers for Conservative Growth w. Munis as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.45%. Weighted Average Net Expense ratio: 0.46%. Performance numbers for Moderate w. Munis as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.44%. Weighted Average Net Expense ratio: 0.44%. Performance numbers for Moderate Growth w. Munis as of 03/31/2025 since inception: 2.80%. Weighted Average Gross Expense ratio: 0.43%. Weighted Average Net Expense ratio: 0.43%. Performance numbers for Growth w. Munis as of 03/31/2025 since inception: N/A. Weighted Average Gross Expense ratio: 0.41%. Weighted Average Net Expense ratio: 0.41%. The expense ratios are calculated by multiplying each underlying fund's net expense ratio by its weight in the model portfolio, then summing the results. The net expense ratios include all fees of the underlying funds, taking into account any fee waivers and/or expense reimbursements. The expense ratios do not include the PMC management fee. There may be additional program and/or platform fees incurred by retail investors. Yields for the model portfolios are calculated using a weighted average of the underlying fund yields.
A portion of the income derived from a municipal bond may be subject to the alternative minimum tax. Any capital gains realized may be subject to taxation. Federal, state, and local taxes may apply. There is a risk that a bond issued as tax-exempt may be reclassified by the IRS as taxable, creating taxable rather than tax-exempt income.
Fee includes all fees of the underlying funds and the PMC management fee. There may be additional program and/or platform fees incurred by retail investors. Potential investors should discuss the applicable fees with their financial advisor.
Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to value with maximum sales charges and without sales charges. The dividend yield is calculated by annualizing the last dividend and dividing it by the fund’s net asset value with maximum sales charges and without sales charges.
The 30-Day Standardized Yield (SEC Yield) represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC).The information, analysis, and opinions expressed herein are for general information only. Nothing contained in this document is intended to constitute legal, tax, securities, or investment advice, nor an opinion regarding the appropriateness of any investment, nor a solicitation of any type.
Investing carries certain risks and there is no assurance that investing in accordance with the portfolios mentioned will provide positive performance over any period of time. Investors could lose money if they invest in accordance with the portfolios discussed herein. Past performance is not indicative of future results. Diversification does not protect against the risk of loss.
Investors should consider the investment objectives, risks, and charges and expenses of mutual funds carefully before investing. A prospectus or summary prospectus which contains this and other information about the non-Lord Abbett funds shown can be obtained by contacting your Financial Advisor or the fund company directly. Please read the prospectus carefully before investing.
Investors should consult with an investment advisor to determine the appropriate investment vehicle. Investment decisions should always be made based on the investor’s specific financial needs and objectives, goals, time horizon, and risk tolerance. The statements contained herein are based upon the opinions of Envestnet | PMC® and third party sources. Information obtained from third party sources are believed to be reliable but not guaranteed. All opinions and views constitute our judgments as of the date of writing and are subject to change at any time without notice. Advisors should always conduct their own research and due diligence on investment products and the product managers prior to offering or making a recommendation to a client.
Investments in smaller companies carry greater risk than is customarily associated with larger companies for various reasons such as volatility of earnings and prospects, higher failure rates, and limited markets, product lines or financial resources. Investing overseas involves special risks, including the volatility of currency exchange rates and, in some cases, limited geographic focus, political and economic instability, and relatively illiquid markets. Income (bond) funds are subject to interest rate risk, which is the risk that debt securities in a fund’s portfolio will decline in value because of increases in market interest rates.
Lord Abbett and Envestnet are separate and unaffiliated firms. This material should not be construed as a recommendation or endorsement of any particular product, service, or firm. The model portfolios presented are created and maintained by Envestnet. Lord Abbett is not responsible for any damages or losses that may arise from the use of the information contained herein, or from investing in any Envestnet model portfolio.