LAMFX | Dividend Growth Fund Class F | Lord Abbett
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Dividend Growth Fund

Summary

Summary

What is the Dividend Growth Fund?

The Fund seeks to deliver total return by investing primarily in stocks of large U.S. companies that have a history of increasing their dividends.

HIGH-QUALITY UNIVERSE

Companies with consistent dividend growth are often market leaders with stable business models, strong balance sheets, and management teams committed to shareholders.

LOWER RISK PROFILE

Focusing on U.S. companies that have consistently grown their dividends often provides investors with an equity portfolio that has a lower risk profile than the broader market.

GROWTH AND RISING INCOME

A portfolio of consistent dividend growers may provide investors with long-term growth and rising income. Many of these companies have grown their dividends much faster than inflation.

Fund Basicsas of 12/31/2020

Total Net Assets
$2.84 B
Inception Date
09/28/2007
Dividend Frequency
Quarterly
Fund Gross Expense Ratio
0.80%
Fund Net Expense Ratio
0.70%
Number of Holdings
58

Yield

12-Month Dividend Yield 1 as of 01/21/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.09% 0.99%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.99% 0.89%

Fund Expense Ratio :

Gross 0.80%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 15.84% 15.84% 11.96% 14.06% 11.85% 8.84%
Lipper Category Avg. Equity Income Funds 4.43% 4.43% 6.47% 9.90% 9.80% -
S&P 500 Index 18.40% 18.40% 14.18% 15.22% 13.88% 9.30%

Fund Expense Ratio :

Gross 0.80%

Net 0.70%

Fund Expense Ratio :

Gross 0.80%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 15.84% 15.84% 11.96% 14.06% 11.85% 8.84%
Lipper Category Avg. Equity Income Funds 4.43% 4.43% 6.47% 9.90% 9.80% -
S&P 500 Index 18.40% 18.40% 14.18% 15.22% 13.88% 9.30%

Fund Expense Ratio :

Gross 0.80%

Net 0.70%

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.

Holdings as of 12/31/2020View Portfolio

Holding Assets
Microsoft Corp. 4.8%
CSG Systems International, Inc. 3.1%
JPMorgan Chase & Co. 2.9%
Comcast Corp. 2.8%
Texas Instruments, Inc. 2.7%
Accenture Ltd. 2.6%
QUALCOMM, Inc. 2.6%
Union Pacific Corp. 2.6%
Walt Disney Co/The 2.6%
NIKE, Inc. 2.5%
% of Total Assets 29.2%

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

Jeffrey Rabinowitz
Jeffrey Rabinowitz, CFA

Portfolio Manager

21 Years of Industry Experience

Servesh Tiwari
Servesh Tiwari, CFA

Portfolio Manager

14 Years of Industry Experience

Supported By 31 Investment Professionals with 20 Years Avg. Industry Experience

Your Representative

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Performance

Performance

12-Month Dividend Yield 1 as of 01/21/2021  

  Subsidized3 Un-Subsidized4
w/o sales charge 1.09% 0.99%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.99% 0.89%

Fund Expense Ratio :

Gross 0.80%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 15.84% 15.84% 11.96% 14.06% 11.85% 8.84%
Lipper Category Avg. Equity Income Funds 4.43% 4.43% 6.47% 9.90% 9.80% -
S&P 500 Index 18.40% 18.40% 14.18% 15.22% 13.88% 9.30%

Fund Expense Ratio :

Gross 0.80%

Net 0.70%

Fund Expense Ratio :

Gross 0.80%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 15.84% 15.84% 11.96% 14.06% 11.85% 8.84%
Lipper Category Avg. Equity Income Funds 4.43% 4.43% 6.47% 9.90% 9.80% -
S&P 500 Index 18.40% 18.40% 14.18% 15.22% 13.88% 9.30%

Fund Expense Ratio :

Gross 0.80%

Net 0.70%

Year Fund Returns S&P 500 Index
2020 15.84% 18.40%
2019 26.81% 31.49%
2018 -4.46% -4.38%
2017 19.28% 21.83%
2016 15.33% 11.96%
2015 -2.23% 1.38%
2014 11.73% 13.69%
2013 28.17% 32.39%
2012 13.23% 16.00%
2011 0.11% 2.11%
2010 15.11% -
2009 23.56% -
2008 -27.17% -
2007 2.11% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - 1.12%
2020 -19.74% 19.24% 9.63% 10.41% 15.84%
2019 11.96% 4.06% 4.35% 4.30% 26.81%
2018 -2.71% 1.35% 8.44% -10.65% -4.46%
2017 4.41% 2.57% 3.42% 7.69% 19.28%
2016 6.03% 5.01% 0.73% 2.82% 15.33%
2015 -0.15% -2.17% -5.63% 6.05% -2.23%
2014 1.55% 4.73% -1.39% 6.53% 11.73%
2013 10.52% 1.31% 5.35% 8.65% 28.17%
2012 10.88% -3.76% 5.83% 0.26% 13.23%
2011 5.67% -0.24% -13.88% 10.28% 0.11%
2010 4.85% -8.10% 10.29% 8.31% 15.11%
2009 -5.11% 9.96% 12.43% 5.32% 23.56%
2008 -8.60% -0.33% -9.09% -12.05% -27.17%
2007 3.51% 4.29% -2.28% -3.21% 2.11%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 09/30/2020

  • The Fund is overweight relative to the benchmark in McDonald’s Corporation, one of the largest fast-food chains globally with more than 37,000 locations. We believe McDonald’s size and scale will enable continued share gains with brand resonance in value, digital leadership, restaurant modernization tailwinds, and recovery in breakfast.
  • The Fund is also overweight relative to the benchmark in BlackRock, Inc., a leading public global asset manager. We believe BlackRock is best-positioned to meet the growing global demand for comprehensive, advice-driven asset management solutions, due to its unique vertical integration of higher-margin products, proprietary data platforms, and global distribution footprint.
  • The Fund is overweight relative to the benchmark in Comcast Corp., a media, entertainment, and communications company. In our view, Comcast continues to rely on increasing penetration of broadband in homes, which we believe is increasingly important during the pandemic. While the Universal theme parks and studios will continue to face COVID-related headwinds, we believe the recent launch of Peacock positions the company well longer-term and provides Comcast with a direct way to distribute content. Further, NBC will be hosting a variety of major sporting events in 2021 and 2022, which should be a tailwind for the company. 

PORTFOLIO DETAILS as of 12/31/2020

Total Net Assets
$2.84 B
Number of Holdings
58
Weighted Average Market Cap.
261.4 B
P/B Ratio
5.3x
P/E Ratio
30.7x

Contributors & Detractors as of  12/31/2020

Contributors

Holding Contribution
Walt Disney Co. 0.8%
BlackRock, Inc. 0.8%
QUALCOMM, Inc. 0.7%
JPMorgan Chase & Co. 0.6%
Microchip Technology, Inc. 0.5%

Detractors

Holding Contribution
McGraw-Hill Cos., Inc. -0.2%
Air Products & Chemicals, Inc. -0.2%
Lowe's Cos, Inc. -0.1%
Wisconsin Energy Corp. -0.1%
NVIDIA Corp. -0.1%

Attribution Analysis 

Dividend Growth 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 01/21/2021
$0
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/28/2020 12/29/2020 12/29/2020 $0.04100 $17.69
09/28/2020 09/29/2020 09/29/2020 $0.04660 $16.51
06/29/2020 06/30/2020 06/30/2020 $0.05650 $15.23
03/26/2020 03/27/2020 03/27/2020 $0.05280 $12.63

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
03/29/2021 03/30/2021 03/30/2021
06/28/2021 06/29/2021 06/29/2021
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
12/17/2020 12/18/2020 $0.4264 - $0.4264 $17.71

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
12/16/2021 12/17/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 12/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
0.80% 0.70%

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