LAFSX | Affiliated Fund Class R4 | 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 09/30/2020

Total Net Assets
$5.28 B
Inception Date
06/30/2015
Dividend Frequency
Quarterly
Fund Expense Ratio
0.71%
Number of Holdings
76

Yield

12-Month Dividend Yield 1 as of 10/28/2020  

w/o sales charge 2.43%

30-Day Standardized Yield 2 as of 09/30/2020  

2.05%

Fund Expense Ratio :

0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -12.33% -6.59% 2.54% 7.69% 9.08% -
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% -

Fund Expense Ratio :

0.71%

Fund Expense Ratio :

0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -12.33% -6.59% 2.54% 7.69% 9.08% -
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% -

Fund Expense Ratio :

0.71%

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.

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.

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%
% of Total Assets 22.5%

INVESTMENT TEAM

Walter H. Prahl
Walter H. Prahl, Ph.D.

Partner & Director

35 Years of Industry Experience

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

Partner & Director of Quantitative Research

20 Years of Industry Experience

Darnell Azeez
Darnell Azeez, CFA

Managing Director, Portfolio Manager

18 Years of Industry Experience

Servesh Tiwari
Servesh Tiwari, CFA

Portfolio Manager

14 Years of Industry Experience

Supported By 34 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

12-Month Dividend Yield 1 as of 10/28/2020  

w/o sales charge 2.43%

30-Day Standardized Yield 2 as of 09/30/2020  

  Subsidized3 Un-Subsidized4
w/o sales charge 2.05% 2.05%

Fund Expense Ratio :

0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -12.33% -6.59% 2.54% 7.69% 9.08% -
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% -

Fund Expense Ratio :

0.71%

Fund Expense Ratio :

0.71%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -12.33% -6.59% 2.54% 7.69% 9.08% -
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% -

Fund Expense Ratio :

0.71%

Year Fund Returns Russell 1000® Value Index
2019 25.27% 26.54%
2018 -7.46% -8.27%
2017 16.09% 13.66%
2016 17.40% 17.34%
2015 -4.14% -3.83%
2014 11.96% 13.45%
2013 32.34% 32.53%
2012 15.96% 17.51%
2011 -7.79% 0.39%
2010 14.47% 15.51%
2009 19.52% -
2008 -37.09% -
2007 3.76% -
2006 17.76% -
2005 3.35% -
2004 12.76% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -27.95% 15.61% 5.25% - -14.79%
2019 10.54% 3.81% 2.45% 6.55% 25.27%
2018 -2.39% 0.50% 6.47% -11.41% -7.46%
2017 4.08% 2.02% 3.06% 6.08% 16.09%
2016 2.53% 3.15% 3.71% 7.04% 17.40%
2015 0.41% -1.22% -7.57% 4.57% -4.14%
2014 2.21% 4.04% -0.11% 5.40% 11.96%
2013 10.96% 3.86% 4.50% 9.89% 32.34%
2012 12.60% -4.65% 6.59% 1.33% 15.96%
2011 5.59% -2.66% -20.80% 13.28% -7.79%
2010 6.80% -14.38% 10.35% 13.45% 14.47%
2009 -16.42% 18.75% 16.36% 3.49% 19.52%
2008 -9.68% -6.04% -6.67% -20.57% -37.09%
2007 0.34% 5.18% 1.86% -3.48% 3.76%
2006 5.92% -0.45% 5.92% 5.43% 17.76%
2005 -2.62% -0.46% 4.23% 2.30% 3.35%
2004 - - - 10.95% 12.76%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 06/30/2020

  • Consistent with our investment approach, which seeks to achieve excess returns through a focus on security selection, we continue to find opportunities consisting of undervalued securities that we believe will drive relative performance in the future.
  • Microsoft Corp., a software developer, is the Fund’s largest overweight position relative to its benchmark, the Russell 1000® Value Index, as of June 30, 2020. 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. 
  • Merck & Co., Inc., a health solutions provider, is another of the Fund’s largest overweight positions relative to the benchmark. We believe that Merck is well positioned in the growing immune-oncology space with Keytruda, which has continued to gain momentum as follow on studies have shown effectiveness in multiple cancers.
  • The Fund is also overweight relative to the benchmark in Home Depot, Inc., one of the largest home improvement retailers. We believe Home Depot operates a business model that is highly resistant to disruption and well positioned to continue gaining share of total retail sales given its e-commerce capabilities, investments in delivery and fulfillment, and leadership position among both DIY and professional customers.

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

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%

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 10/28/2020
$0.231
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
09/28/2020 09/29/2020 09/29/2020 $0.07020 $13.45
06/29/2020 06/30/2020 06/30/2020 $0.08030 $12.96
03/26/2020 03/27/2020 03/27/2020 $0.08090 $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

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 $15.33

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

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Summary Prospectus
Publish Date:11/03/2015
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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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Class R4 - The inception date for Class R4 shares is June 30, 2015. The performance quotations for Class R4 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R4 shares; and (b) for periods after June 30, 2015, actual Class R4 performance is used, which reflects all charges and fees applicable to Class R4 shares.

Class R4 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

The Russell 1000® Value Index measures the performance of those Russell 1000 companies with lower price-to-book ratios and lower forecasted growth values.

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