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International Dividend Income Fund (LIDAX) - Class A

Fund Finder

What is the International Dividend Income Fund?

Goal & Strategy

The goal of this Fund is long-term growth of capital through investing in international companies of all sizes. This Fund seeks companies with high, sustainable dividends and below-average valuations to construct a portfolio that potentially rewards investors through capital appreciation.

Fund Basics

 
Ticker LIDAX
CUSIP 543915391
Fund Number 2117
Inception Date 06/30/2008
YTD Returns at NAV (as of 05/17/2013) 7.74%
Dividend Frequency Quarterly
Expense Ratio (as of 04/30/2013)
Gross 1.36%
Net 1.12%
Lipper Category Avg. 1.46%
Total Net Assets (as of 04/30/2013) $2.27 B
Number of Holdings (as of 04/30/2013) 92
Minimum Initial Investment $1,500
Maximum Offering Price (MOP) - Returns with sales charges reflect a maximum sales charge of 5.75%, except for Lord Abbett Emerging Markets Currency Fund 2.25%.
Yield(as of 05/17/2013)
12-Month Dividend Yield Subsidized1 Unsubsidized2
NAV 3.26% 3.02%
MOP 3.07% 2.85%
30-Day Standardized Yield (as of 04/30/2013) 2.82%

Price(as of 05/17/2013)
  Price ($) Change ($) Change (%)
NAV 8.87 0.03 0.34
MOP 9.41 0.03 0.32
52-Week High & Low at NAV ($)
High (05/08/2013) 8.95
Low (06/01/2012) 6.89
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

How has the Fund Performed?

Average Annual Returns

(as of 04/30/2013)
  YTD (%) 1-YR (%) 3-YR (%) 5-YR (%) 10-YR (%) Since
Inception (%)
NAV
Lipper Category Avg. 6.34 13.78 6.71    -    -    -
Index 6.22 15.16 5.16    -    - 0.92
MOP 1.47 8.36 4.10    -    - 0.57
Expense Ratio Gross1.36% Net1.12%
  YTD (%) 1-YR (%) 3-YR (%) 5-YR (%) 10-YR (%) Since
Inception (%)
NAV 3.12 7.64 4.13    -    - 0.92
Lipper Category Avg. 3.02 8.31 4.79    -    -    -
Index 1.81 7.57 3.30    -    - 0.04
MOP -2.77 1.44 2.10    -    - -0.32
Expense Ratio Gross1.36% Net1.12%
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance of future results.

Why This Fund?

Role in Portfolio

A core holding that provides exposure to international companies with high, sustainable dividends and below-average valuations.

Key Advantages

Exposure
Provides investors with both international exposure and the opportunity to invest in companies with high, sustainable dividends and below-average valuations.

The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies and/or sectors in the economy.

How is the Fund Currently Positioned?

(as of 03/29/2013)
  • During the first quarter of 2013, we increased our exposure to consumer staples and telecommunication services holdings, as valuations there became relatively attractive; we maintain an overweight position in both sectors compared to the benchmark, the MSCI ACWI Ex-U.S. Value Index. We also increased our positions in the financials sector, but we remain significantly underweight.
  • With the outlook for global growth fading, we decreased our materials, energy, and information technology holdings and remain underweight relative to the index. We also decreased our exposure to the industrials and utilities sectors, but maintain overweight positions in both.
  • Geographically, our greatest increase in exposure was to Japan, where it appears efforts to reflate the economy (and deflate the yen) could prove at least modestly successful. We still have a substantial underweight position relative to the index. We added exposure to the Americas but it is still our largest underweight position relative to the index. Holdings in the United Kingdom and EMEA1 were reduced, and while we remain overweight the United Kingdom, we are roughly equal weight EMEA.
  • At quarter-end, emerging markets represented approximately 14% of the portfolio.
1 EMEA consists of the emerging market countries of Europe, the Middle East, and Africa (Czech Republic, Hungary, Poland, Russia, Turkey, Jordan, Egypt, Morocco and South Africa).

The Fund's portfolio is actively managed and may change significantly over time.

RELATED CONTENT

How is the Fund Managed?
Team Leaders
Vincent J. McBride
Partner
Years Experience:  27
Harold E. Sharon
Partner
Years Experience:  31
Supported By
12 Investment Professionals
17 Years Avg. Industry Experience
Years experience refers to industry experience.