LAFPX | Affiliated Fund Class P | 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 06/30/2021

Total Net Assets
$6.34 B
Inception Date
11/24/1997
Dividend Frequency
Quarterly
Fund Expense Ratio
0.92%
Number of Holdings
68

Yield

12-Month Dividend Yield 1 as of 07/23/2021  

w/o sales charge 1.22%

30-Day Standardized Yield 2 as of 06/30/2021  

1.03%

Fund Expense Ratio :

0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/24/1997
w/o sales charge 14.78% 35.94% 10.03% 10.98% 10.13% 7.00%
Lipper Category Avg. Equity Income Funds 15.53% 38.61% 12.17% 11.61% 10.67% -
Russell 1000® Value Index 17.05% 43.68% 12.42% 11.87% 11.61% 7.93%

Fund Expense Ratio :

0.92%

Fund Expense Ratio :

0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/24/1997
w/o sales charge 14.78% 35.94% 10.03% 10.98% 10.13% 7.00%
Lipper Category Avg. Equity Income Funds 15.53% 38.61% 12.17% 11.61% 10.67% -
Russell 1000® Value Index 17.05% 43.68% 12.42% 11.87% 11.61% 7.93%

Fund Expense Ratio :

0.92%

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 06/30/2021View Portfolio

Holding Assets
Microsoft Corp 3.3%
JPMorgan Chase & Co 3.0%
Marathon Petroleum Corp 2.8%
Morgan Stanley 2.7%
NextEra Energy Inc 2.5%
Honeywell International Inc 2.3%
Danaher Corp 2.2%
Raytheon Technologies Corp 2.2%
UnitedHealth Group Inc 2.2%
Lam Research Corp 2.1%
% of Total Assets 25.4%

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 07/23/2021  

w/o sales charge 1.22%

30-Day Standardized Yield 2 as of 06/30/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.03% 1.03%

Fund Expense Ratio :

0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/24/1997
w/o sales charge 14.78% 35.94% 10.03% 10.98% 10.13% 7.00%
Lipper Category Avg. Equity Income Funds 15.53% 38.61% 12.17% 11.61% 10.67% -
Russell 1000® Value Index 17.05% 43.68% 12.42% 11.87% 11.61% 7.93%

Fund Expense Ratio :

0.92%

Fund Expense Ratio :

0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/24/1997
w/o sales charge 14.78% 35.94% 10.03% 10.98% 10.13% 7.00%
Lipper Category Avg. Equity Income Funds 15.53% 38.61% 12.17% 11.61% 10.67% -
Russell 1000® Value Index 17.05% 43.68% 12.42% 11.87% 11.61% 7.93%

Fund Expense Ratio :

0.92%

Year Fund Returns Russell 1000® Value Index
2020 -1.50% 2.80%
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% -
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% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 8.70% 5.60% - - 16.37%
2020 -27.96% 15.46% 5.28% 12.50% -1.50%
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%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 03/31/2021

  • As of March 31, 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 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.
  • The Fund is overweight in Marathon Petroleum Corporation, a refining, marketing and petroleum transportation company. We believe the stock is attractively valued with outlook for improving business fundamentals. Currently, refining margins are at cyclical low levels due to the COVID related drop in demand for oil products. We expect margins to improve significantly as demand recovers with economic activity and resumption of travel.  Additionally, Marathon is also in the process of selling its retail business which we believe should result in a large return of capital to shareholders. 

PORTFOLIO DETAILS as of 06/30/2021

Total Net Assets
$6.34 B
Number of Holdings
68
Weighted Average Market Cap.
200.0 B
P/B Ratio
3.4x
P/E Ratio
21.8x

Contributors & Detractors as of  06/30/2021

Contributors

Holding Contribution
Discover Financial Services 0.5%
Eli Lilly and Co 0.5%
Microsoft Corp. 0.4%
Morgan Stanley 0.4%
Marathon Petroleum Corp. 0.3%

Detractors

Holding Contribution
Williams-Sonoma Inc -0.1%
Walt Disney Co/The -0.1%
Lear Corp. -0.1%
Airbus Se -0.1%
Abbott Laboratories 0.0%

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 07/23/2021
$0.095
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
06/28/2021 06/29/2021 06/29/2021 $0.05270 $17.30
03/29/2021 03/30/2021 03/30/2021 $0.04320 $16.54

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
09/28/2021 09/29/2021 09/29/2021
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 $15.32

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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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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