LAVVX | Fundamental Equity Fund Class R6 | Lord Abbett
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Fundamental Equity Fund

Summary

Summary

What is the Fundamental Equity Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.

 

Fund Basicsas of 03/31/2021

Total Net Assets
$1.83 B
Inception Date
06/30/2015
Dividend Frequency
Annually
Fund Expense Ratio
0.63%
Number of Holdings
73

Yield

12-Month Dividend Yield 1 as of 05/12/2021  

w/o sales charge 1.75%

30-Day Standardized Yield 2 as of 04/30/2021  

1.17%

Fund Expense Ratio :

0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 14.96% 45.47% 11.22% 11.46% 9.57% -
Lipper Category Avg. Multi-Cap Value Funds 17.21% 52.14% 11.55% 12.09% 10.21% -
Russell 1000® Value Index 15.70% 45.93% 12.30% 12.15% 11.14% -

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 10.47% 55.55% 9.67% 11.22% 9.37% -
Lipper Category Avg. Multi-Cap Value Funds 12.50% 63.68% 10.11% 11.47% 9.98% -
Russell 1000® Value Index 11.25% 56.09% 10.96% 11.74% 10.99% -

Fund Expense Ratio :

0.63%

TEN LARGEST HOLDINGS as of 03/31/2021View Portfolio

Holding Assets
JPMorgan Chase & Co 4.1%
Alphabet Inc 2.3%
Honeywell International Inc 2.3%
Comcast Corp 2.2%
Procter & Gamble Co/The 2.1%
American Express Co 2.0%
Bristol-Myers Squibb Co. 2.0%
Medtronic PLC 2.0%
Raytheon Technologies Corp 2.0%
Texas Instruments Inc 2.0%

INVESTMENT TEAM

Eli Rabinowich
Eli Rabinowich

Portfolio Manager

16 Years of Industry Experience

Jeff Diamond
Jeff Diamond, CFA

Portfolio Manager

33 Years of Industry Experience

John C. Hardy
John C. Hardy

Portfolio Manager

17 Years of Industry Experience

Supported By 31 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

12-Month Dividend Yield 1 as of 05/12/2021  

w/o sales charge 1.75%

30-Day Standardized Yield 2 as of 04/30/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.17% 1.17%

Fund Expense Ratio :

0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 14.96% 45.47% 11.22% 11.46% 9.57% -
Lipper Category Avg. Multi-Cap Value Funds 17.21% 52.14% 11.55% 12.09% 10.21% -
Russell 1000® Value Index 15.70% 45.93% 12.30% 12.15% 11.14% -

Fund Expense Ratio :

0.63%

Fund Expense Ratio :

0.63%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 10.47% 55.55% 9.67% 11.22% 9.37% -
Lipper Category Avg. Multi-Cap Value Funds 12.50% 63.68% 10.11% 11.47% 9.98% -
Russell 1000® Value Index 11.25% 56.09% 10.96% 11.74% 10.99% -

Fund Expense Ratio :

0.63%

Year Fund Returns Russell 1000® Value Index
2020 3.02% 2.80%
2019 23.13% 26.54%
2018 -8.12% -8.27%
2017 13.43% 13.66%
2016 16.15% 17.34%
2015 -2.79% -3.83%
2014 7.41% 13.45%
2013 37.28% 32.53%
2012 11.32% 17.51%
2011 -3.54% 0.39%
2010 19.69% -
2009 26.57% -
2008 -28.42% -
2007 7.96% -
2006 14.29% -
2005 5.92% -
2004 16.32% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 10.47% - - - 13.57%
2020 -26.84% 16.59% 4.45% 15.63% 3.02%
2019 10.97% 2.31% 1.93% 6.40% 23.13%
2018 -2.37% -0.47% 6.38% -11.11% -8.12%
2017 1.69% 2.27% 3.25% 5.64% 13.43%
2016 -0.34% 4.83% 3.88% 7.01% 16.15%
2015 -0.34% 0.92% -8.68% 5.83% -2.79%
2014 0.29% 3.02% 0.09% 3.87% 7.41%
2013 13.52% 3.57% 6.29% 9.86% 37.28%
2012 11.57% -6.84% 5.34% 1.67% 11.32%
2011 6.67% -0.84% -19.54% 13.35% -3.54%
2010 6.45% -10.57% 10.63% 13.64% 19.69%
2009 -8.52% 13.16% 16.33% 5.10% 26.57%
2008 -7.38% 1.35% -8.31% -16.84% -28.42%
2007 2.29% 5.87% 2.27% -2.52% 7.96%
2006 7.73% -0.05% 1.29% 4.79% 14.29%
2005 -1.88% -0.14% 6.05% 1.93% 5.92%
2004 - - - 11.16% 16.32%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 03/31/2021

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuation over a long term horizon.
  • We initiated a position in Western Alliance Bancorp, a bank holding company. The company’s stock has been impacted primarily by investor concerns over its loans to hotel franchisees, an industry significantly impacted by the COVID-19 pandemic. We believe these fears are overblown given the company’s strong track record of book value growth and high returns, which we believe is sustainable over time.
  • We also initiated a position in Pioneer Natural Resources Co., an independent oil and gas exploration and production company. The company recently acquired Parsley Energy in an all-stock transaction. We view the fundamentals of the combined companies favorably.
  • We sold the Fund’s position in Verizon Communications Inc., a telecommunications company, in favor of other investment opportunities consistent with our normalized free cash flow methodology.
  • We also sold the Fund’s position in Waters Corporation, a measurement company, in favor of other investment opportunities consistent with our normalized free cash flow methodology. 

PORTFOLIO DETAILS as of 03/31/2021

Total Net Assets
$1.83 B
Number of Holdings
73
Weighted Average Market Cap.
201.0 B
P/B Ratio
2.9x
P/E Ratio
23.1x

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
JPMorgan Chase & Co. 0.8%
East West Bancorp, Inc. 0.7%
CIT Group, Inc. 0.7%
Western Alliance Bancorp 0.5%
General Motors Co. 0.4%

Detractors

Holding Contribution
Colgate-Palmolive Co -0.2%
QUALCOMM, Inc. -0.1%
NRG Energy, Inc. -0.1%
Apple, Inc. -0.1%
Merck & Co Inc -0.1%

Attribution Analysis 

Fundamental Equity Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/12/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/23/2020 11/24/2020 11/24/2020 $0.24290 $12.06

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
11/22/2021 11/23/2021 11/23/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/20/2019 11/21/2019 $1.0915 - $1.0915 $11.71

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
11/22/2021 11/23/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 04/30/2021

0.63%

Fund Documents

Fund Documents

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Commentary
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