Affiliated Fund
Daily price w/o sales charge as of 10/26/2020
$13.76
$0.27
YTD Returns w/o sales charge as of 10/26/2020
-11.21%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
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.
Fund Basicsas of 09/30/2020
- Total Net Assets
- $5.28 B
- Inception Date
- 11/24/1997
- Dividend Frequency
- Quarterly
- Fund Expense Ratio
- 0.91%
- Number of Holdings
- 76
Yield
12-Month Dividend Yield 1 as of 10/26/2020
| w/o sales charge | 2.11% |
30-Day Standardized Yield 2 as of 09/30/2020
| 1.84% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
0.91%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 11/24/1997 |
|---|
| w/o sales charge | -12.44% | -6.81% | 2.38% | 7.58% | 8.99% | 6.05% |
| Lipper Category Avg. Equity Income Funds | -7.97% | -2.02% | 4.08% | 8.15% | 9.40% | - |
| Russell 1000® Value Index | -11.58% | -5.02% | 2.63% | 7.66% | 9.95% | 6.75% |
Fund Expense Ratio :
0.91%
Fund Expense Ratio :
0.91%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 11/24/1997 |
|---|
| w/o sales charge | -12.44% | -6.81% | 2.38% | 7.58% | 8.99% | 6.05% |
| Lipper Category Avg. Equity Income Funds | -7.97% | -2.02% | 4.08% | 8.15% | 9.40% | - |
| Russell 1000® Value Index | -11.58% | -5.02% | 2.63% | 7.66% | 9.95% | 6.75% |
Fund Expense Ratio :
0.91%
Returns with sales charges reflect a maximum sales charge of 5.75%.
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 for future results.
The Fund changed its investment strategy on 11/24/1997. Performance is calculated from this date.
TEN LARGEST HOLDINGS as of 09/30/2020View Portfolio
| Holding | Assets |
|---|---|
| Microsoft Corp. | 3.0% |
| Home Depot USA, Inc. | 2.9% |
| Merck & Co., Inc. | 2.4% |
| Procter & Gamble Co. | 2.3% |
| Air Products & Chemicals, Inc. | 2.1% |
| Verizon Communications, Inc. | 2.1% |
| Union Pacific Corp. | 2.0% |
| AbbVie, Inc. | 1.9% |
| Comcast Corp. | 1.9% |
| JPMorgan Chase & Co. | 1.9% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 09/30/2020View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Utilities | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
INVESTMENT TEAM
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Performance
Performance
12-Month Dividend Yield 1 as of 10/26/2020
| w/o sales charge | 2.11% |
30-Day Standardized Yield 2 as of 09/30/2020
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 1.84% | 1.84% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
0.91%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 11/24/1997 |
|---|
| w/o sales charge | -12.44% | -6.81% | 2.38% | 7.58% | 8.99% | 6.05% |
| Lipper Category Avg. Equity Income Funds | -7.97% | -2.02% | 4.08% | 8.15% | 9.40% | - |
| Russell 1000® Value Index | -11.58% | -5.02% | 2.63% | 7.66% | 9.95% | 6.75% |
Fund Expense Ratio :
0.91%
Fund Expense Ratio :
0.91%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 11/24/1997 |
|---|
| w/o sales charge | -12.44% | -6.81% | 2.38% | 7.58% | 8.99% | 6.05% |
| Lipper Category Avg. Equity Income Funds | -7.97% | -2.02% | 4.08% | 8.15% | 9.40% | - |
| Russell 1000® Value Index | -11.58% | -5.02% | 2.63% | 7.66% | 9.95% | 6.75% |
Fund Expense Ratio :
0.91%
Returns with sales charges reflect a maximum sales charge of 5.75%.
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 for future results.
The Fund changed its investment strategy on 11/24/1997. Performance is calculated from this date.
| Year | Fund Returns | Russell 1000® Value Index |
|---|
| 2019 | 25.05% | 26.54% |
| 2018 | -7.59% | -8.27% |
| 2017 | 16.06% | 13.66% |
| 2016 | 17.36% | 17.34% |
| 2015 | -4.16% | -3.83% |
| 2014 | 11.99% | 13.45% |
| 2013 | 32.26% | 32.53% |
| 2012 | 15.81% | 17.51% |
| 2011 | -7.90% | 0.39% |
| 2010 | 14.31% | 15.51% |
| 2009 | 19.11% | - |
| 2008 | -37.15% | - |
| 2007 | 3.56% | - |
| 2006 | 17.44% | - |
| 2005 | 3.23% | - |
| 2004 | 12.51% | - |
| 2003 | 30.69% | - |
| 2002 | -18.81% | - |
| 2001 | -8.03% | - |
| 2000 | 15.15% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2020 | -27.96% | 15.46% | 5.28% | - | -11.21% |
| 2019 | 10.50% | 3.77% | 2.47% | 6.43% | 25.05% |
| 2018 | -2.39% | 0.48% | 6.49% | -11.52% | -7.59% |
| 2017 | 4.10% | 2.00% | 3.05% | 6.07% | 16.06% |
| 2016 | 2.45% | 3.16% | 3.78% | 7.00% | 17.36% |
| 2015 | 0.41% | -1.23% | -7.58% | 4.57% | -4.16% |
| 2014 | 2.29% | 3.92% | -0.06% | 5.42% | 11.99% |
| 2013 | 10.98% | 3.78% | 4.52% | 9.86% | 32.26% |
| 2012 | 12.63% | -4.78% | 6.60% | 1.30% | 15.81% |
| 2011 | 5.56% | -2.71% | -20.77% | 13.19% | -7.90% |
| 2010 | 6.78% | -14.42% | 10.34% | 13.36% | 14.31% |
| 2009 | -16.46% | 18.62% | 16.25% | 3.39% | 19.11% |
| 2008 | -9.65% | -6.18% | -6.68% | -20.55% | -37.15% |
| 2007 | 0.35% | 5.09% | 1.88% | -3.61% | 3.56% |
| 2006 | 5.87% | -0.56% | 5.90% | 5.34% | 17.44% |
| 2005 | -2.62% | -0.51% | 4.19% | 2.27% | 3.23% |
| 2004 | 2.46% | 1.08% | -1.95% | 10.80% | 12.51% |
| 2003 | -5.48% | 18.25% | 2.88% | 13.65% | 30.69% |
| 2002 | 3.20% | -11.05% | -19.70% | 10.14% | -18.81% |
| 2001 | -9.49% | 5.32% | -14.01% | 12.20% | -8.03% |
| 2000 | 1.58% | -3.23% | 8.67% | 7.79% | 15.15% |
| 1999 | 2.63% | 10.78% | -6.65% | 10.01% | 16.75% |
| 1998 | 10.73% | -0.32% | -11.74% | 17.02% | 14.01% |
| 1997 | - | - | - | - | 1.42% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Microsoft Corp. | Information Technology | 3.0% |
| Home Depot USA, Inc. | Consumer Discretionary | 2.9% |
| Merck & Co., Inc. | Health Care | 2.4% |
| Procter & Gamble Co. | Consumer Staples | 2.3% |
| Air Products & Chemicals, Inc. | Materials | 2.1% |
| Verizon Communications, Inc. | Communication Services | 2.1% |
| Union Pacific Corp. | Industrials | 2.0% |
| AbbVie, Inc. | Health Care | 1.9% |
| Comcast Corp. | Communication Services | 1.9% |
| JPMorgan Chase & Co. | Financials | 1.9% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Sector | Assets |
|---|
| Microsoft Corp. | Information Technology | 3.4% |
| Apple, Inc. | Information Technology | 3.1% |
| Home Depot USA, Inc. | Consumer Discretionary | 2.9% |
| Merck & Co., Inc. | Health Care | 2.4% |
| Procter & Gamble Co. | Consumer Staples | 2.2% |
| Air Products & Chemicals, Inc. | Materials | 2.0% |
| Bank of America Corp. | Financials | 1.9% |
| Union Pacific Corp. | Industrials | 1.9% |
| JPMorgan Chase & Co. | Financials | 1.9% |
| NextEra Energy, Inc. | Utilities | 1.8% |
| Verizon Communications, Inc. | Communication Services | 1.8% |
| Honeywell International, Inc. | Industrials | 1.8% |
| Lowe's Cos, Inc. | Consumer Discretionary | 1.8% |
| Comcast Corp. | Communication Services | 1.8% |
| Philip Morris International, Inc. | Consumer Staples | 1.7% |
| AstraZeneca plc | Health Care | 1.7% |
| Citigroup, Inc. | Financials | 1.7% |
| Norfolk Southern Corp. | Industrials | 1.7% |
| Alexandria Real Estate Equities, Inc. | Real Estate | 1.6% |
| BlackRock, Inc. | Financials | 1.6% |
| ProLogis, Inc. | Real Estate | 1.6% |
| Coca-Cola Co. | Consumer Staples | 1.5% |
| Chevron Corp. | Energy | 1.5% |
| Lam Research Corp. | Information Technology | 1.5% |
| ACE Ltd. | Financials | 1.5% |
| Johnson & Johnson, Inc. | Health Care | 1.5% |
| Amgen, Inc. | Health Care | 1.4% |
| Illinois Tool Works, Inc. | Industrials | 1.4% |
| Bristol-Myers Squibb Co. | Health Care | 1.4% |
| CVS Caremark Corp. | Health Care | 1.4% |
| Texas Instruments, Inc. | Information Technology | 1.4% |
| QUALCOMM, Inc. | Information Technology | 1.4% |
| AbbVie, Inc. | Health Care | 1.4% |
| Stanley Black & Decker, Inc. | Industrials | 1.3% |
| UnitedHealth Group, Inc. | Health Care | 1.3% |
| CMS Energy Corp. | Utilities | 1.3% |
| TJX Cos., Inc. | Consumer Discretionary | 1.3% |
| Crown Castle International Corp. | Real Estate | 1.3% |
| Ameriprise Financial, Inc. | Financials | 1.3% |
| Morgan Stanley | Financials | 1.3% |
| Analog Devices, Inc. | Information Technology | 1.3% |
| Dollar General Corp. | Consumer Discretionary | 1.2% |
| AT&T, Inc. | Communication Services | 1.2% |
| United Technologies Corp. | Industrials | 1.2% |
| Lear Corp. | Consumer Discretionary | 1.2% |
| Everest Re Group Ltd. | Financials | 1.2% |
| Dover Corp. | Industrials | 1.1% |
| Wal-Mart Stores, Inc. | Consumer Staples | 1.1% |
| Medtronic, Inc. | Health Care | 1.1% |
| Avery Dennison Corp. | Materials | 1.1% |
| Masco Corp. | Industrials | 1.0% |
| McDonald's Corp. | Consumer Discretionary | 1.0% |
| American Express Co. | Financials | 1.0% |
| Sysco Corp. | Consumer Staples | 1.0% |
| Waste Management, Inc. | Industrials | 1.0% |
| Total S.A. | Energy | 1.0% |
| Abbott Laboratories | Health Care | 1.0% |
| Valero Energy Corp. | Energy | 0.9% |
| Discover Financial Services | Financials | 0.9% |
| Citizens Financial Group, Inc. | Financials | 0.9% |
| Las Vegas Sands Corp. | Consumer Discretionary | 0.8% |
| General Mills, Inc. | Consumer Staples | 0.8% |
| UDR, Inc. | Real Estate | 0.8% |
| Yum! Brands, Inc. | Consumer Discretionary | 0.8% |
| Mondelez International, Inc. | Consumer Staples | 0.7% |
| FirstEnergy Corp. | Utilities | 0.7% |
| PNC Financial Services Group, Inc. | Financials | 0.7% |
| CME Group, Inc. | Financials | 0.7% |
| ConocoPhillips Co. | Energy | 0.7% |
| Northrop Grumman Corp. | Industrials | 0.6% |
| ONEOK, Inc. | Energy | 0.5% |
| Ingersoll-Rand plc | Industrials | 0.5% |
| Starwood Property Trust, Inc. | Real Estate | 0.4% |
| Williams-Sonoma, Inc. | Consumer Discretionary | 0.3% |
| Hartford Financial Services Group, Inc. | Financials | 0.2% |
| Call Money Futures | Undefined | 0.0% |
| S&P500 EMINI FUT SEP20 | Undefined | 0.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 09/30/2020
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 0.4%
|
|
| Real Estate |
0.3%
|
|
| Utilities |
0.1%
|
|
| Consumer Discretionary |
1.4%
|
|
| Consumer Staples |
0.5%
|
|
| Energy |
3.0%
|
|
| Financials |
0.6%
|
|
| Health Care |
0.2%
|
|
| Industrials |
2.2%
|
|
| Information Technology |
0.9%
|
|
| Materials |
1.6%
|
PORTFOLIO DETAILS as of 09/30/2020
- Total Net Assets
- $5.28 B
- Number of Holdings
- 76
- Weighted Average Market Cap.
- 201.0 B
- P/B Ratio
- 3.0x
- P/E Ratio
- 21.6x
To view definitions for the above Portfolio Details, Click here.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
Contributors & Detractors as of 09/30/2020
Contributors
| Holding | Contribution |
|---|---|
| Apple, Inc. | 0.6% |
| Air Products & Chemicals, Inc. | 0.4% |
| Lowe's Cos, Inc. | 0.4% |
| Procter & Gamble Co. | 0.3% |
| Norfolk Southern Corp. | 0.3% |
Detractors
| Holding | Contribution |
|---|---|
| Intel Corp. | -0.4% |
| Chevron Corp. | -0.3% |
| FirstEnergy Corp. | -0.3% |
| Citigroup, Inc. | -0.3% |
| Valero Energy Corp. | -0.2% |
% Contribution reflects the effect of the individual stock's performance on the Fund's overall performance for the period. Individual holdings and their effect on Fund performance may change significantly over time. Investors should consider the overall performance of the Fund before making a decision on whether or not to invest in the Fund.
Attribution Analysis
| Affiliated Fund | Benchmark | Variance | |||||
|---|---|---|---|---|---|---|---|
| Sector | Avg. Weight | Base Return | Avg. Weight | Base Return | Stock Selection | Group Weight | Total |
The total base return displayed for the Fund does not capture daily cash flow and trading activity and therefore is subject to reasonable variance from the Fund's actual return. Please refer to Lord Abbett Affiliated Fund Performance Results for the Fund's longer-term returns. The Fund is actively managed and portfolio characteristics, such as individual holdings and sector weightings, may change significantly over time.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 10/26/2020
- $0.208
- Dividend Frequency
- Quarterly
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 09/28/2020 | 09/29/2020 | 09/29/2020 | $0.06300 | $13.45 |
| 06/29/2020 | 06/30/2020 | 06/30/2020 | $0.07340 | $12.95 |
| 03/26/2020 | 03/27/2020 | 03/27/2020 | $0.07210 | $11.15 |
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 |
|---|---|---|
| 12/28/2020 | 12/29/2020 | 12/29/2020 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/20/2019 | 11/21/2019 | $0.2639 | $0.0717 | $0.3356 | $15.32 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
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 |
|---|---|
| 11/23/2020 | 11/24/2020 |
Fees & Expenses
Fees & Expenses
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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