Affiliated Fund
Daily price w/o sales charge as of 06/09/2023
$15.26
$0.00
YTD Returns w/o sales charge as of 06/09/2023
-1.25%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 04/28/2023
- Total Net Assets
- $5.28 B
- Inception Date
- 05/14/1934*
- Dividend Frequency
- Quarterly
- Fund Gross Expense Ratio
- 0.72%
- Fund Net Expense Ratio
- 0.72%
- Number of Holdings
- 65
- 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.
Yield
12-Month Dividend Yield 1 as of 06/09/2023
| w/o sales charge | 2.01% |
| w/ sales charge | 1.90% |
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 1.61% | 1.60% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.72%
Net 0.72%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1950 |
|---|
| w/o sales charge | -4.29% | -4.80% | 9.14% | 4.94% | 7.57% | 10.49% |
| Lipper Category Avg. Equity Income Funds | -1.08% | -4.11% | 11.14% | 6.93% | 8.23% | - |
| Russell 1000® Value Index | -1.43% | -4.55% | 11.63% | 6.78% | 8.42% | - |
| w/ sales charge | -9.81% | -10.26% | 7.02% | 3.71% | 6.93% | 10.40% |
Fund Expense Ratio :
Gross 0.72%
Net 0.72%
Fund Expense Ratio :
Gross 0.72%
Net 0.72%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1950 |
|---|
| w/o sales charge | -2.67% | -8.22% | 15.06% | 5.45% | 8.29% | 10.54% |
| Lipper Category Avg. Equity Income Funds | 0.95% | -5.40% | 17.27% | 7.77% | 8.81% | - |
| Russell 1000® Value Index | 1.01% | -5.91% | 17.93% | 7.50% | 9.13% | - |
| w/ sales charge | -8.28% | -13.50% | 12.81% | 4.20% | 7.66% | 10.45% |
Fund Expense Ratio :
Gross 0.72%
Net 0.72%
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 01/01/1950. Performance is calculated from this date.
TEN LARGEST HOLDINGS as of 04/28/2023View Portfolio
| Holding | Assets |
|---|---|
| JPMorgan Chase & Co | 5.2% |
| NextEra Energy Inc | 4.0% |
| UnitedHealth Group Inc | 3.2% |
| AbbVie Inc | 2.9% |
| Raytheon Technologies Corp | 2.7% |
| Shell PLC | 2.6% |
| Morgan Stanley | 2.5% |
| Parker-Hannifin Corp | 2.3% |
| Cboe Global Markets Inc | 2.2% |
| Unilever PLC | 2.1% |
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 04/28/2023View 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 06/09/2023
| w/o sales charge | 2.01% |
| w/ sales charge | 1.90% |
30-Day Standardized Yield 2 as of 05/31/2023
| Subsidized3 | Un-Subsidized4 | |
|---|---|---|
| w/o sales charge | 1.61% | 1.60% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.72%
Net 0.72%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1950 |
|---|
| w/o sales charge | -4.29% | -4.80% | 9.14% | 4.94% | 7.57% | 10.49% |
| Lipper Category Avg. Equity Income Funds | -1.08% | -4.11% | 11.14% | 6.93% | 8.23% | - |
| Russell 1000® Value Index | -1.43% | -4.55% | 11.63% | 6.78% | 8.42% | - |
| w/ sales charge | -9.81% | -10.26% | 7.02% | 3.71% | 6.93% | 10.40% |
Fund Expense Ratio :
Gross 0.72%
Net 0.72%
Fund Expense Ratio :
Gross 0.72%
Net 0.72%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/01/1950 |
|---|
| w/o sales charge | -2.67% | -8.22% | 15.06% | 5.45% | 8.29% | 10.54% |
| Lipper Category Avg. Equity Income Funds | 0.95% | -5.40% | 17.27% | 7.77% | 8.81% | - |
| Russell 1000® Value Index | 1.01% | -5.91% | 17.93% | 7.50% | 9.13% | - |
| w/ sales charge | -8.28% | -13.50% | 12.81% | 4.20% | 7.66% | 10.45% |
Fund Expense Ratio :
Gross 0.72%
Net 0.72%
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 01/01/1950. Performance is calculated from this date.
| Year | Fund Returns | Russell 1000® Value Index |
|---|
| 2022 | -9.85% | -7.54% |
| 2021 | 26.75% | 25.16% |
| 2020 | -1.27% | 2.80% |
| 2019 | 25.24% | 26.54% |
| 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% | - |
| 2011 | -7.84% | - |
| 2010 | 14.30% | - |
| 2009 | 19.39% | - |
| 2008 | -37.13% | - |
| 2007 | 3.66% | - |
| 2006 | 17.61% | - |
| 2005 | 3.33% | - |
| 2004 | 12.60% | - |
| 2003 | 30.89% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2023 | -2.67% | - | - | - | -1.25% |
| 2022 | -4.39% | -11.89% | -4.11% | 11.61% | -9.85% |
| 2021 | 8.73% | 5.63% | -0.10% | 10.46% | 26.75% |
| 2020 | -27.92% | 15.58% | 5.25% | 12.61% | -1.27% |
| 2019 | 10.53% | 3.81% | 2.51% | 6.47% | 25.24% |
| 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 03/31/2023
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 |
|---|
| JPMorgan Chase & Co | Financials | 5.2% |
| NextEra Energy Inc | Utilities | 4.0% |
| UnitedHealth Group Inc | Health Care | 3.2% |
| AbbVie Inc | Health Care | 2.9% |
| Raytheon Technologies Corp | Industrials | 2.7% |
| Shell PLC | Energy | 2.6% |
| Morgan Stanley | Financials | 2.5% |
| Parker-Hannifin Corp | Industrials | 2.3% |
| Cboe Global Markets Inc | Financials | 2.2% |
| Unilever PLC | Consumer Staples | 2.1% |
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 |
|---|
| JPMorgan Chase & Co | Financials | 5.2% |
| NextEra Energy Inc | Utilities | 4.0% |
| UnitedHealth Group Inc | Health Care | 3.2% |
| AbbVie Inc | Health Care | 2.9% |
| Raytheon Technologies Corp | Industrials | 2.7% |
| Shell PLC | Energy | 2.6% |
| Morgan Stanley | Financials | 2.5% |
| Parker-Hannifin Corp | Industrials | 2.3% |
| Cboe Global Markets Inc | Financials | 2.2% |
| Unilever PLC | Consumer Staples | 2.1% |
| Abbott Laboratories | Health Care | 2.1% |
| Marathon Petroleum Corp | Energy | 1.9% |
| Ferguson PLC | Industrials | 1.9% |
| Reliance Steel & Aluminum Co | Materials | 1.9% |
| Humana Inc | Health Care | 1.9% |
| Walmart Inc | Consumer Staples | 1.8% |
| Eaton Corp PLC | Industrials | 1.8% |
| Ameriprise Financial Inc | Financials | 1.8% |
| Northrop Grumman Corp | Industrials | 1.8% |
| Chevron Corp | Energy | 1.7% |
| Danaher Corp | Health Care | 1.7% |
| Eli Lilly & Co | Health Care | 1.7% |
| Roper Technologies Inc | Information Technology | 1.7% |
| Marsh & McLennan Cos Inc | Financials | 1.6% |
| Chubb Ltd | Financials | 1.6% |
| Manulife Financial Corp | Financials | 1.5% |
| Allstate Corp/The | Financials | 1.5% |
| Home Depot Inc/The | Consumer Discretionary | 1.5% |
| Philip Morris International Inc | Consumer Staples | 1.5% |
| Norfolk Southern Corp | Industrials | 1.4% |
| Chesapeake Energy Corp | Energy | 1.4% |
| Charles Schwab Corp/The | Financials | 1.4% |
| Texas Instruments Inc | Information Technology | 1.4% |
| Entergy Corp | Utilities | 1.4% |
| Taiwan Semiconductor Manufacturing Co Ltd | Information Technology | 1.3% |
| Lam Research Corp | Information Technology | 1.3% |
| Starbucks Corp | Consumer Discretionary | 1.3% |
| Micron Technology Inc | Information Technology | 1.3% |
| Honeywell International Inc | Industrials | 1.3% |
| LVMH Moet Hennessy Louis Vuitton SE | Consumer Discretionary | 1.3% |
| Nasdaq Inc | Financials | 1.2% |
| Coca-Cola Co/The | Consumer Staples | 1.1% |
| Microsoft Corp | Information Technology | 1.1% |
| Union Pacific Corp | Industrials | 1.1% |
| Pfizer Inc | Health Care | 1.1% |
| Johnson Controls International plc | Industrials | 1.1% |
| Ross Stores Inc | Consumer Discretionary | 1.1% |
| Prologis Inc | Real Estate | 1.0% |
| Waste Management Inc | Industrials | 0.9% |
| General Motors Co | Consumer Discretionary | 0.9% |
| Procter & Gamble Co/The | Consumer Staples | 0.9% |
| Lowe's Cos Inc | Consumer Discretionary | 0.9% |
| S&P Global Inc | Financials | 0.8% |
| Bank of Ireland Group PLC | Financials | 0.8% |
| Avery Dennison Corp | Materials | 0.7% |
| Bank of America Corp | Financials | 0.6% |
| Cheniere Energy Inc | Energy | 0.6% |
| Stanley Black & Decker Inc | Industrials | 0.6% |
| Kinder Morgan Inc | Energy | 0.6% |
| Costco Wholesale Corp | Consumer Staples | 0.5% |
| United Rentals North America Inc | Industrials | 0.5% |
| Accenture PLC | Information Technology | 0.5% |
| Target Corp | Consumer Staples | 0.5% |
| BlackRock, Inc. | Financials | 0.4% |
| Fidelity National Financial Inc | Financials | 0.3% |
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 04/28/2023
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services | 0.0% | |
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary |
 0.6%
|
|
| Consumer Staples |
 1.2%
|
|
| Energy |
0.3%
|
|
| Financials |
0.2%
|
|
| Health Care |
0.1%
|
|
| Industrials |
0.2%
|
|
| Information Technology |
0.4%
|
|
| Materials |
0.2%
|
PORTFOLIO DETAILS as of 04/28/2023
- Total Net Assets
- $5.28 B
- Number of Holdings
- 65
- Weighted Average Market Cap.
- 186.4 B
- P/B Ratio
- 2.9x
- P/E Ratio
- 16.9x
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.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 06/09/2023
- $0.07440
- Dividend Frequency
- Quarterly
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 03/29/2023 | 03/30/2023 | 03/30/2023 | $0.07440 | $14.89 |
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 |
|---|---|---|
| 06/28/2023 | 06/29/2023 | 06/29/2023 |
| 09/27/2023 | 09/28/2023 | 09/28/2023 |
| 12/26/2023 | 12/27/2023 | 12/27/2023 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/21/2022 | 11/22/2022 | $0.9232 | - | $0.9232 | $15.94 |
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.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 06/09/2023
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $50,000 | 5.75% | 5.00% | $16.19 |
| $50,000 to $99,999 | 4.75% | 4.00% | $16.02 |
| $100,000 to $249,999 | 3.95% | 3.25% | $15.89 |
| $250,000 to $499,999 | 2.75% | 2.25% | $15.69 |
| $500,000 to $999,999 | 1.95% | 1.75% | $15.56 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $15.26 |
EXPENSE RATIOas of 05/31/2023
| Fund Gross Expense Ratio | Fund Net Expense Ratio | |
|---|---|---|
| 0.72% | 0.72% |
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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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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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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