Affiliated Fund
Daily price w/o sales charge as of 01/18/2019
$14.03
$0.19
YTD Returns w/o sales charge as of 01/18/2019
6.45%
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 12/31/2018
- Total Net Assets
- $5.70 B
- Inception Date
- 05/14/1934*
- Dividend Frequency
- Quarterly
- Number of Holdings
- 127
- CUSIP
- 544001100
- Minimum Initial Investment
- $1,000+
The Fund changed its investment strategy on 01/01/1950. Performance is calculated from this date. In addition, the Fund has amended its strategy on June 11, 2013.
Expense Ratioas of 12/31/2018
Yield
12-Month Dividend Yield 1 as of 01/18/2019
| w/o sales charge | 2.33% |
| w/ sales charge | 2.19% |
30-Day Standardized Yield 2 as of 12/31/2018
| 2.28% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1950 |
|---|
| w/o sales charge | -7.46% | -7.46% | 8.03% | 6.24% | 10.06% | 10.72% |
| Lipper Category Avg. Equity Income Funds | -7.24% | -7.24% | 6.88% | 5.44% | 10.60% | - |
| Russell 1000® Value Index | -8.27% | -8.27% | 6.95% | 5.95% | 11.18% | - |
| w/ sales charge | -12.76% | -12.76% | 5.92% | 4.99% | 9.40% | 10.62% |
Fund Expense Ratio :
0.71%
Fund Expense Ratio :
0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1950 |
|---|
| w/o sales charge | -7.46% | -7.46% | 8.03% | 6.24% | 10.06% | 10.72% |
| Lipper Category Avg. Equity Income Funds | -7.24% | -7.24% | 6.88% | 5.44% | 10.60% | - |
| Russell 1000® Value Index | -8.27% | -8.27% | 6.95% | 5.95% | 11.18% | - |
| w/ sales charge | -12.76% | -12.76% | 5.92% | 4.99% | 9.40% | 10.62% |
Fund Expense Ratio :
0.71%
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 of future results.
The Fund changed its investment strategy on 01/01/1950. Performance is calculated from this date.
TEN LARGEST HOLDINGS as of 12/31/2018View Portfolio
| Holding | Assets |
|---|---|
| Chevron Corp. | 2.9% |
| Merck & Co., Inc. | 2.6% |
| Pfizer, Inc. | 2.6% |
| Intel Corp. | 2.5% |
| JPMorgan Chase & Co. | 2.5% |
| Bank of America Corp. | 2.1% |
| Cisco Systems, Inc. | 2.0% |
| Verizon Communications, Inc. | 2.0% |
| Medtronic, Inc. | 1.7% |
| CME Group, Inc. | 1.7% |
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 12/31/2018View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Utilities | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
INVESTMENT TEAM
Your Representative
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Performance
Performance
12-Month Dividend Yield 1 as of 01/18/2019
| w/o sales charge | 2.33% |
| w/ sales charge | 2.19% |
30-Day Standardized Yield 2 as of 12/31/2018
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 2.28% | 2.28% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1950 |
|---|
| w/o sales charge | -7.46% | -7.46% | 8.03% | 6.24% | 10.06% | 10.72% |
| Lipper Category Avg. Equity Income Funds | -7.24% | -7.24% | 6.88% | 5.44% | 10.60% | - |
| Russell 1000® Value Index | -8.27% | -8.27% | 6.95% | 5.95% | 11.18% | - |
| w/ sales charge | -12.76% | -12.76% | 5.92% | 4.99% | 9.40% | 10.62% |
Fund Expense Ratio :
0.71%
Fund Expense Ratio :
0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1950 |
|---|
| w/o sales charge | -7.46% | -7.46% | 8.03% | 6.24% | 10.06% | 10.72% |
| Lipper Category Avg. Equity Income Funds | -7.24% | -7.24% | 6.88% | 5.44% | 10.60% | - |
| Russell 1000® Value Index | -8.27% | -8.27% | 6.95% | 5.95% | 11.18% | - |
| w/ sales charge | -12.76% | -12.76% | 5.92% | 4.99% | 9.40% | 10.62% |
Fund Expense Ratio :
0.71%
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 of future results.
The Fund changed its investment strategy on 01/01/1950. Performance is calculated from this date.
| Year | Fund Returns | Russell 1000® Value Index |
|---|
| 2018 | -7.46% | -8.27% |
| 2017 | 16.12% | 13.66% |
| 2016 | 17.34% | 17.34% |
| 2015 | -4.20% | -3.83% |
| 2014 | 12.07% | 13.45% |
| 2013 | 32.15% | 32.53% |
| 2012 | 15.90% | 17.51% |
| 2011 | -7.84% | 0.39% |
| 2010 | 14.30% | 15.51% |
| 2009 | 19.39% | 19.69% |
| 2008 | -37.13% | - |
| 2007 | 3.66% | - |
| 2006 | 17.61% | - |
| 2005 | 3.33% | - |
| 2004 | 12.60% | - |
| 2003 | 30.89% | - |
| 2002 | -18.79% | - |
| 2001 | -7.94% | - |
| 2000 | 15.24% | - |
| 1999 | 16.88% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2019 | - | - | - | - | 6.45% |
| 2018 | -2.39% | 0.50% | 6.53% | -11.45% | -7.46% |
| 2017 | 4.16% | 2.00% | 3.05% | 6.06% | 16.12% |
| 2016 | 2.52% | 3.15% | 3.70% | 6.99% | 17.34% |
| 2015 | 0.35% | -1.23% | -7.57% | 4.57% | -4.20% |
| 2014 | 2.29% | 3.99% | -0.12% | 5.48% | 12.07% |
| 2013 | 10.88% | 3.84% | 4.49% | 9.84% | 32.15% |
| 2012 | 12.61% | -4.77% | 6.68% | 1.30% | 15.90% |
| 2011 | 5.67% | -2.77% | -20.73% | 13.17% | -7.84% |
| 2010 | 6.69% | -14.37% | 10.35% | 13.36% | 14.30% |
| 2009 | -16.43% | 18.76% | 16.22% | 3.51% | 19.39% |
| 2008 | -9.69% | -6.07% | -6.72% | -20.56% | -37.13% |
| 2007 | 0.36% | 5.10% | 1.90% | -3.56% | 3.66% |
| 2006 | 5.88% | -0.47% | 5.85% | 5.44% | 17.61% |
| 2005 | -2.61% | -0.49% | 4.22% | 2.30% | 3.33% |
| 2004 | 2.47% | 1.10% | -1.93% | 10.82% | 12.60% |
| 2003 | -5.46% | 18.25% | 2.90% | 13.78% | 30.89% |
| 2002 | 3.15% | -10.96% | -19.74% | 10.16% | -18.79% |
| 2001 | -9.47% | 5.32% | -13.97% | 12.22% | -7.94% |
| 2000 | 1.59% | -3.13% | 8.61% | 7.82% | 15.24% |
| 1999 | 2.72% | 10.79% | -6.67% | 10.04% | 16.88% |
| 1998 | 10.75% | -0.26% | -11.55% | 17.10% | 14.42% |
| 1997 | 3.05% | 13.38% | 7.12% | 0.01% | 25.16% |
| 1996 | 5.48% | 0.87% | 3.91% | 8.59% | 20.05% |
| 1995 | 8.27% | 7.30% | 6.95% | 6.00% | 31.70% |
| 1994 | -3.48% | 1.45% | 6.09% | 0.18% | 4.06% |
| 1993 | 5.46% | 0.93% | 4.26% | 2.01% | 13.21% |
| 1992 | -0.50% | 4.48% | 2.81% | 5.16% | 12.39% |
| 1991 | 9.50% | -0.41% | 6.25% | 5.29% | 22.00% |
| 1990 | -1.70% | 1.65% | -12.52% | 8.41% | -5.23% |
| 1989 | 3.79% | 6.94% | 7.96% | 3.09% | 23.53% |
| 1988 | 3.23% | 8.29% | -1.48% | 2.42% | 12.81% |
| 1987 | 16.69% | 4.94% | 5.68% | -20.26% | 3.19% |
| 1986 | 16.15% | 3.65% | -3.96% | 6.33% | 22.95% |
| 1985 | 6.25% | 8.55% | -4.81% | 15.57% | 26.87% |
| 1984 | -3.91% | -3.92% | 10.21% | 5.00% | 6.83% |
| 1983 | 9.35% | 7.44% | 3.82% | 2.91% | 25.53% |
| 1982 | -4.66% | -0.45% | 9.76% | 18.99% | 23.97% |
| 1981 | 6.42% | -1.17% | -9.99% | 5.99% | 0.33% |
| 1980 | -5.50% | 13.53% | 8.08% | 7.35% | 24.47% |
| 1979 | 11.53% | 3.31% | 10.26% | 1.83% | 29.37% |
| 1978 | -4.28% | 6.83% | 8.64% | -6.63% | 3.72% |
| 1977 | -3.89% | 3.00% | -6.81% | 1.18% | -6.66% |
| 1976 | 18.64% | 6.11% | 1.12% | 5.79% | 34.66% |
| 1975 | 23.87% | 17.67% | -7.35% | 5.02% | 41.83% |
| 1974 | 1.24% | -9.11% | -16.45% | 9.29% | -15.97% |
| 1973 | -6.88% | -7.04% | 15.23% | -5.49% | -5.73% |
| 1972 | 5.04% | -3.65% | 3.51% | 7.49% | 12.60% |
| 1971 | 9.60% | 0.10% | -2.99% | 2.40% | 8.98% |
| 1970 | -1.66% | -16.57% | 14.95% | 8.95% | 2.76% |
| 1969 | -1.74% | -6.16% | -6.47% | -1.19% | -14.78% |
| 1968 | -5.70% | 12.37% | 6.90% | 4.73% | 18.63% |
| 1967 | 12.00% | 2.18% | 7.49% | 0.65% | 23.82% |
| 1966 | -1.24% | -3.16% | -8.07% | 6.79% | -6.11% |
| 1965 | 3.16% | -3.69% | 8.46% | 4.33% | 12.44% |
| 1964 | 6.16% | 4.43% | 4.96% | 0.26% | 16.66% |
| 1963 | 7.53% | 3.71% | 3.50% | 3.17% | 19.08% |
| 1962 | -2.79% | -17.81% | 2.65% | 12.18% | -8.01% |
| 1961 | 13.99% | 0.36% | 4.14% | 5.48% | 25.66% |
| 1960 | -4.30% | 4.10% | -3.30% | 9.86% | 5.84% |
| 1959 | 4.20% | 4.46% | -2.25% | 6.11% | 12.90% |
| 1958 | 10.53% | 8.61% | 9.14% | 9.76% | 43.80% |
| 1957 | 0.87% | 3.46% | -3.62% | -0.81% | -0.23% |
| 1956 | 4.58% | 0.32% | -2.98% | 3.34% | 5.19% |
| 1955 | 3.31% | 4.21% | -0.01% | 4.48% | 12.47% |
| 1954 | 6.85% | 5.12% | 6.62% | 10.29% | 32.09% |
| 1953 | 0.59% | -4.04% | -0.66% | 6.28% | 1.91% |
| 1952 | 3.99% | 1.68% | -2.27% | 10.16% | 13.84% |
| 1951 | 4.51% | -0.89% | 2.11% | 10.89% | 17.29% |
| 1950 | - | 1.64% | 4.32% | 13.65% | 22.81% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 12/31/2018
The chart begins on the Fund's inception date of 01/01/1950.
Based on a hypothetical Class A share investment of $10,000 on 01/01/1950 without sales charge and includes the reinvestment of all distributions.
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Chevron Corp. | Energy | 2.9% |
| Merck & Co., Inc. | Health Care | 2.6% |
| Pfizer, Inc. | Health Care | 2.6% |
| Intel Corp. | Information Technology | 2.5% |
| JPMorgan Chase & Co. | Financials | 2.5% |
| Bank of America Corp. | Financials | 2.1% |
| Cisco Systems, Inc. | Information Technology | 2.0% |
| Verizon Communications, Inc. | Communication Services | 2.0% |
| Medtronic, Inc. | Health Care | 1.7% |
| CME Group, Inc. | Financials | 1.7% |
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 |
|---|
| Chevron Corp. | Energy | 2.9% |
| Pfizer, Inc. | Health Care | 2.8% |
| JPMorgan Chase & Co. | Financials | 2.5% |
| Merck & Co., Inc. | Health Care | 2.4% |
| Intel Corp. | Information Technology | 2.4% |
| Bank of America Corp. | Financials | 2.2% |
| Cisco Systems, Inc. | Information Technology | 2.0% |
| Verizon Communications, Inc. | Communication Services | 1.9% |
| Medtronic, Inc. | Health Care | 1.6% |
| CME Group, Inc. | Financials | 1.5% |
| AT&T, Inc. | Communication Services | 1.5% |
| Procter & Gamble Co. | Consumer Staples | 1.5% |
| ConocoPhillips Co. | Energy | 1.5% |
| Broadcom Inc | Information Technology | 1.3% |
| Johnson & Johnson, Inc. | Health Care | 1.3% |
| Walgreen Co. | Consumer Staples | 1.3% |
| Comcast Corp. | Consumer Discretionary | 1.3% |
| Duke Energy Corp. | Utilities | 1.3% |
| Union Pacific Corp. | Industrials | 1.2% |
| Wal-Mart Stores, Inc. | Consumer Staples | 1.2% |
| U.S. Bancorp | Financials | 1.2% |
| Abbott Laboratories | Health Care | 1.2% |
| KeyCorp. | Financials | 1.2% |
| Carnival Corp. | Consumer Discretionary | 1.1% |
| Valero Energy Corp. | Energy | 1.1% |
| Discover Financial Services | Financials | 1.1% |
| Microsoft Corp. | Information Technology | 1.0% |
| Citizens Financial Group, Inc. | Financials | 1.0% |
| DowDuPont Inc | Materials | 1.0% |
| Sempra Energy | Utilities | 1.0% |
| Ford Motor Co. | Consumer Discretionary | 1.0% |
| Dominion Resources, Inc. | Utilities | 1.0% |
| Nucor Corp. | Materials | 0.9% |
| Hormel Foods Corp. | Consumer Staples | 0.9% |
| Schlumberger Ltd. | Energy | 0.9% |
| Johnson Controls International plc | Industrials | 0.9% |
| Coca-Cola Co. | Consumer Staples | 0.9% |
| United Technologies Corp. | Industrials | 0.9% |
| Lincoln National Corp. | Financials | 0.9% |
| Kraft Heinz Co. | Consumer Staples | 0.9% |
| ACE Ltd. | Financials | 0.9% |
| Kimberly-Clark Corp. | Consumer Staples | 0.9% |
| CVS Caremark Corp. | Health Care | 0.8% |
| C.H. Robinson Worldwide, Inc. | Industrials | 0.8% |
| Essex Property Trust, Inc. | Real Estate | 0.8% |
| Packaging Corp. of America | Materials | 0.8% |
| Ameriprise Financial, Inc. | Financials | 0.8% |
| PPL Corp. | Utilities | 0.8% |
| Evergy Inc | Utilities | 0.8% |
| Comerica, Inc. | Financials | 0.8% |
| Yum! Brands, Inc. | Consumer Discretionary | 0.7% |
| Exxon Mobil Corp. | Energy | 0.7% |
| Celanese Corp. | Materials | 0.7% |
| Interpublic Group of Cos., Inc. | Consumer Discretionary | 0.7% |
| PNC Financial Services Group, Inc. | Financials | 0.7% |
| NetApp, Inc. | Information Technology | 0.7% |
| Travelers Cos, Inc. | Financials | 0.7% |
| Host Hotels & Resorts, Inc. | Real Estate | 0.7% |
| H&R Block, Inc. | Consumer Discretionary | 0.7% |
| Mondelez International, Inc. | Consumer Staples | 0.7% |
| Exelon Corp. | Utilities | 0.6% |
| Eaton Corp. | Industrials | 0.6% |
| TJX Cos., Inc. | Consumer Discretionary | 0.6% |
| Northrop Grumman Corp. | Industrials | 0.6% |
| Hershey Co. | Consumer Staples | 0.6% |
| Tractor Supply Co. | Consumer Discretionary | 0.6% |
| Duke Realty Corp. | Real Estate | 0.6% |
| Flowserve Corp. | Industrials | 0.6% |
| Cummins, Inc. | Industrials | 0.6% |
| UDR, Inc. | Real Estate | 0.6% |
| Caterpillar, Inc. | Industrials | 0.6% |
| Xerox Corp. | Information Technology | 0.5% |
| Kohl's Corp. | Consumer Discretionary | 0.5% |
| Quest Diagnostics, Inc. | Health Care | 0.5% |
| Prudential Financial, Inc. | Financials | 0.5% |
| LPL Investment Holdings, Inc. | Financials | 0.5% |
| Fifth Third Bank | Financials | 0.5% |
| Hubbell, Inc. | Industrials | 0.5% |
| Apple, Inc. | Information Technology | 0.5% |
| Republic Services, Inc. | Industrials | 0.5% |
| Amgen, Inc. | Health Care | 0.5% |
| Stanley Black & Decker, Inc. | Industrials | 0.5% |
| Bristol-Myers Squibb Co. | Health Care | 0.5% |
| Citigroup, Inc. | Financials | 0.5% |
| Federal Realty Investment Trust | Real Estate | 0.5% |
| Kinder Morgan, Inc. | Energy | 0.5% |
| Sysco Corp. | Consumer Staples | 0.5% |
| Boston Properties, Inc. | Real Estate | 0.5% |
| Philip Morris International, Inc. | Consumer Staples | 0.5% |
| Target Corp. | Consumer Discretionary | 0.5% |
| Fidelity National Financial Group | Financials | 0.4% |
| Eastman Chemical Co. | Materials | 0.4% |
| Starwood Property Trust, Inc. | Real Estate | 0.4% |
| Gentex Corp. | Consumer Discretionary | 0.4% |
| Viacom, Inc. | Communication Services | 0.4% |
| Newell Rubbermaid, Inc. | Consumer Discretionary | 0.4% |
| Hartford Financial Services Group, Inc. | Financials | 0.4% |
| Honeywell International, Inc. | Industrials | 0.4% |
| Old Republic International Corp. | Financials | 0.4% |
| Graphic Packaging Holding Co. | Materials | 0.4% |
| J.M. Smucker Co. | Consumer Staples | 0.4% |
| Marathon Petroleum Corp. | Energy | 0.4% |
| Arthur J. Gallagher & Co. | Financials | 0.4% |
| Kellogg Co. | Consumer Staples | 0.4% |
| Raytheon Co. | Industrials | 0.4% |
| Unum Group | Financials | 0.4% |
| Williams Cos., Inc. | Energy | 0.3% |
| SL Green Realty Corp. | Real Estate | 0.3% |
| Emerson Electric Co. | Industrials | 0.3% |
| Royal Caribbean Cruises Ltd. | Consumer Discretionary | 0.3% |
| TD Ameritrade Holding Corp. | Financials | 0.3% |
| PPG Industries, Inc. | Materials | 0.3% |
| Public Service Enterprise Group, Inc. | Utilities | 0.3% |
| Dunkin' Brands, Inc. | Consumer Discretionary | 0.3% |
| Axis Capital Holdings Ltd. | Financials | 0.3% |
| ProLogis, Inc. | Real Estate | 0.3% |
| Archer-Daniels-Midland Co. | Consumer Staples | 0.3% |
| SAIC, Inc. | Information Technology | 0.3% |
| Vornado Realty Trust | Real Estate | 0.3% |
| Northern Trust Corp. | Financials | 0.3% |
| KAR Auction Services, Inc. | Industrials | 0.2% |
| Lazard Ltd. | Financials | 0.2% |
| Sabre Corp. | Information Technology | 0.2% |
| Texas Instruments, Inc. | Information Technology | 0.2% |
| PepsiCo, Inc. | Consumer Staples | 0.2% |
| Home Depot USA, Inc. | Consumer Discretionary | 0.2% |
| QUALCOMM, Inc. | Information Technology | 0.2% |
| Call Money Futures | Undefined | 0.0% |
| S&P 500 E-Mini Futures Dec 2018 | 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 12/31/2018
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.3%
|
|
| Real Estate |
0.5%
|
|
| Utilities |
0.3%
|
|
| Consumer Discretionary |
0.2%
|
|
| Consumer Staples |
0.9%
|
|
| Energy |
 1.1%
|
|
| Financials |
0.7%
|
|
| Health Care |
1.1%
|
|
| Industrials |
1.1%
|
|
| Information Technology |
0.2%
|
|
| Materials |
0.1%
|
PORTFOLIO DETAILS as of 12/31/2018
- Total Net Assets
- $5.70 B
- Number of Holdings
- 127
- Weighted Average Market Cap.
- 108.6 B
- P/B Ratio
- 2.1x
- Portfolio Turnover Ratio as of 10/31/2018
- 61.6%
- P/E Ratio
- 13.5x
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 12/31/2018
Contributors
| Holding | Contribution |
|---|---|
| Merck & Co., Inc. | 0.2% |
| CME Group, Inc. | 0.2% |
| Procter & Gamble Co. | 0.1% |
| Verizon Communications, Inc. | 0.1% |
| Duke Energy Corp. | 0.1% |
Detractors
| Holding | Contribution |
|---|---|
| Valero Energy Corp. | -0.5% |
| Schlumberger Ltd. | -0.5% |
| Bank of America Corp. | -0.3% |
| JPMorgan Chase & Co. | -0.3% |
| ConocoPhillips Co. | -0.3% |
% 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 01/18/2019
- $0
- Dividend Frequency
- Quarterly
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 12/26/2018 | 12/27/2018 | 12/27/2018 | $0.07570 | $13.09 |
| 09/27/2018 | 09/28/2018 | 09/28/2018 | $0.08150 | $16.26 |
| 06/28/2018 | 06/29/2018 | 06/29/2018 | $0.08630 | $15.34 |
| 03/28/2018 | 03/29/2018 | 03/29/2018 | $0.08270 | $15.35 |
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 |
|---|---|---|
| 03/28/2019 | 03/29/2019 | 03/29/2019 |
| 06/27/2019 | 06/28/2019 | 06/28/2019 |
| 09/26/2019 | 09/27/2019 | 09/27/2019 |
| 12/26/2019 | 12/27/2019 | 12/27/2019 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/19/2018 | 11/20/2018 | $0.8245 | $0.3982 | $1.2227 | $14.19 |
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 |
|---|---|
| 11/20/2019 | 11/21/2019 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 01/18/2019
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $50,000 | 5.75% | 5.00% | $14.89 |
| $50,000 to $99,999 | 4.75% | 4.00% | $14.73 |
| $100,000 to $249,999 | 3.95% | 3.25% | $14.61 |
| $250,000 to $499,999 | 2.75% | 2.25% | $14.43 |
| $500,000 to $999,999 | 1.95% | 1.75% | $14.31 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $14.03 |
Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.
EXPENSE RATIOas of 12/31/2018
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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Annual Report
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Semi-Annual Report
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Fact Sheet
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Commentary
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Flyer
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