LAAFX | Affiliated Fund Class F | Lord Abbett
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Affiliated Fund

Summary

Summary

What is the Affiliated Fund?

The Fund seeks to deliver long-term growth of capital and current income by investing primarily in dividend-paying stocks of large U.S. companies.

 

DIVIDEND PAYERS

True to its mandate, the Affiliated Fund is focused on companies that pay dividends.

VALUE FOCUSED

We believe a professionally-managed approach can identify companies with sustainable dividend policies whose stocks are attractively valued. 

GROWTH & INCOME

A portfolio of undervalued dividend-paying stocks may provide investors with long-term growth of capital and current income. 

Fund Basicsas of 09/30/2021

Total Net Assets
$6.24 B
Inception Date
09/28/2007
Dividend Frequency
Quarterly
Fund Expense Ratio
0.57%
Number of Holdings
67

Yield

12-Month Dividend Yield 1 as of 10/15/2021  

w/o sales charge 1.50%

30-Day Standardized Yield 2 as of 09/30/2021  

1.53%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 14.86% 29.38% 8.11% 10.46% 12.98% 6.14%
Lipper Category Avg. Equity Income Funds 14.47% 30.25% 9.81% 10.91% 12.15% -
Russell 1000® Value Index 16.14% 35.01% 10.07% 10.94% 13.51% 7.04%

Fund Expense Ratio :

0.57%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 14.86% 29.38% 8.11% 10.46% 12.98% 6.14%
Lipper Category Avg. Equity Income Funds 14.47% 30.25% 9.81% 10.91% 12.15% -
Russell 1000® Value Index 16.14% 35.01% 10.07% 10.94% 13.51% 7.04%

Fund Expense Ratio :

0.57%

RELATED CONTENT

Navigating a Changed Landscape for Dividend Stocks
May 4, 2020

We believe a focus on companies with solid balance sheets and established dividend-payment histories may be worthwhile in the current environment.

Our Guide to Dividend Income, in Two Charts
January 27, 2020

Instead of focusing on current yield, investors may be better served by considering the potential growth of dividend income over time.

Time to Rethink Your Approach to Dividend Stocks?
October 7, 2019

A focus on “bond proxy” sectors may cause investors to lose out on potential capital appreciation. We think a different strategy may be in order.

TEN LARGEST HOLDINGS as of 09/30/2021View Portfolio

Holding Assets
Microsoft Corp 3.3%
JPMorgan Chase & Co 3.2%
Morgan Stanley 3.1%
NextEra Energy Inc 3.0%
Marathon Petroleum Corp 2.8%
UnitedHealth Group Inc 2.6%
AbbVie Inc 2.5%
Danaher Corp 2.4%
Ameriprise Financial Inc 2.3%
Honeywell International Inc 2.3%
% of Total Assets 27.5%

INVESTMENT TEAM

Darnell Azeez
Darnell Azeez, CFA

Managing Director, Portfolio Manager

18 Years of Industry Experience

Marc O. Pavese
Marc O. Pavese, Ph.D.

Partner & Director of Quantitative Research

20 Years of Industry Experience

Servesh Tiwari
Servesh Tiwari, CFA

Portfolio Manager

14 Years of Industry Experience

Ryan C. Howard
Ryan C. Howard, CFA

Portfolio Manager

18 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 10/15/2021  

w/o sales charge 1.50%

30-Day Standardized Yield 2 as of 09/30/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.53% 1.53%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 14.86% 29.38% 8.11% 10.46% 12.98% 6.14%
Lipper Category Avg. Equity Income Funds 14.47% 30.25% 9.81% 10.91% 12.15% -
Russell 1000® Value Index 16.14% 35.01% 10.07% 10.94% 13.51% 7.04%

Fund Expense Ratio :

0.57%

Fund Expense Ratio :

0.57%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 14.86% 29.38% 8.11% 10.46% 12.98% 6.14%
Lipper Category Avg. Equity Income Funds 14.47% 30.25% 9.81% 10.91% 12.15% -
Russell 1000® Value Index 16.14% 35.01% 10.07% 10.94% 13.51% 7.04%

Fund Expense Ratio :

0.57%

Year Fund Returns Russell 1000® Value Index
2020 -1.11% 2.80%
2019 25.50% 26.54%
2018 -7.32% -8.27%
2017 16.30% 13.66%
2016 17.52% 17.34%
2015 -4.06% -3.83%
2014 12.23% 13.45%
2013 32.45% 32.53%
2012 16.18% 17.51%
2011 -7.68% 0.39%
2010 14.69% -
2009 19.68% -
2008 -37.02% -
2007 3.73% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 8.77% 5.67% -0.06% - 20.56%
2020 -27.93% 15.62% 5.36% 12.64% -1.11%
2019 10.64% 3.85% 2.48% 6.58% 25.50%
2018 -2.41% 0.53% 6.57% -11.36% -7.32%
2017 4.14% 2.10% 3.03% 6.16% 16.30%
2016 2.49% 3.26% 3.75% 7.04% 17.52%
2015 0.39% -1.19% -7.53% 4.61% -4.06%
2014 2.32% 4.02% -0.07% 5.52% 12.23%
2013 10.95% 3.91% 4.55% 9.89% 32.45%
2012 12.67% -4.71% 6.75% 1.37% 16.18%
2011 5.64% -2.71% -20.68% 13.24% -7.68%
2010 6.86% -14.38% 10.42% 13.53% 14.69%
2009 -16.42% 18.85% 16.35% 3.55% 19.68%
2008 -9.66% -6.09% -6.58% -20.54% -37.02%
2007 0.38% 5.22% 1.73% -3.45% 3.73%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 06/30/2021

  • As of June 30, 2021, the Fund’s largest overweight position relative to its benchmark, the Russell 1000® Value Index, is in Microsoft, a software developer. We believe Microsoft is attractively positioned for a generational shift to cloud computing thanks to a massive ecosystem, installed bases in Office, and omnipresence in large enterprises.
  • The Fund is overweight in Marathon Petroleum Corporation, a refining, marketing and petroleum transportation company. We continue to find the stock attractively valued with an outlook for improving business fundamentals. While refining margins have improved since their cyclical low levels hit due to the COVID related drop in demand for oil products, there continues to be room for margin improvement as demand recovers further with economic activity and resumption of travel. Additionally, we would expect the company to outperform given the completion of the Speedway business sale, as management continues with their return of capital and balance sheet strengthening plan and a leaner yet diverse operation with a healthier balance sheet.
  • The Fund is also overweight in NextEra Energy, an electric power and energy infrastructure company. We continue to view NextEra as a standout performer in the electric utility industry as they grow both their regulated and non-regulated businesses. We believe they are a top renewable energy play and will benefit as the demand for renewables continues to rise.

PORTFOLIO DETAILS as of 09/30/2021

Total Net Assets
$6.24 B
Number of Holdings
67
Weighted Average Market Cap.
207.6 B
P/B Ratio
3.2x
P/E Ratio
19.1x

Contributors & Detractors as of  09/30/2021

Contributors

Holding Contribution
Danaher Corp Del 0.3%
Western Alliance Bancorp 0.2%
Royal Dutch Shell PLC 0.2%
Morgan Stanley 0.2%
JPMorgan Chase & Co. 0.2%

Detractors

Holding Contribution
FedEx Corp -0.4%
Lam Research Corp. -0.2%
Lear Corp. -0.2%
Crown Castle International Corp. -0.2%
Stanley Black & Decker, Inc. -0.2%

Attribution Analysis 

Affiliated 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 10/15/2021
$0.203
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
09/28/2021 09/29/2021 09/29/2021 $0.08020 $17.58
06/28/2021 06/29/2021 06/29/2021 $0.06630 $17.34
03/29/2021 03/30/2021 03/30/2021 $0.05730 $16.58

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
12/28/2021 12/29/2021 12/29/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/20/2019 11/21/2019 $0.2639 $0.0717 $0.3356 $15.36

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

Fund Documents

Fund Documents

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