LRMAX | Dividend Growth Fund Class F3 | 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 12/31/2021

Total Net Assets
$3.62 B
Inception Date
04/05/2017
Dividend Frequency
Quarterly
Fund Expense Ratio
0.62%
Number of Holdings
59

Yield

12-Month Dividend Yield 1 as of 01/26/2022  

w/o sales charge 1.15%

30-Day Standardized Yield 2 as of 12/31/2021  

0.90%
 
 

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 26.07% 26.07% 22.87% 16.20% 14.62% -
Lipper Category Avg. Equity Income Funds 25.00% 25.00% 17.76% 11.86% 11.91% -
S&P 500 Index 28.71% 28.71% 26.07% 18.47% 16.55% -

Fund Expense Ratio :

0.62%

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 26.07% 26.07% 22.87% 16.20% 14.62% -
Lipper Category Avg. Equity Income Funds 25.00% 25.00% 17.76% 11.86% 11.91% -
S&P 500 Index 28.71% 28.71% 26.07% 18.47% 16.55% -

Fund Expense Ratio :

0.62%

RELATED CONTENT

How Companies Are Navigating Rising Cost Pressures
October 19, 2021

Lord Abbett Portfolio Manager Darnell Azeez, CFA discusses why he and his team are laser focused on third quarter earnings, and whether companies are able to maintain margins while navigating rising cost pressures.

Holdings as of 12/31/2021View Portfolio

Holding Assets
Microsoft Corp 7.4%
JPMorgan Chase & Co 2.9%
NextEra Energy Inc 2.8%
UnitedHealth Group Inc 2.7%
Morgan Stanley 2.6%
American Tower Corp 2.5%
Coca-Cola Co/The 2.3%
Lowe's Cos Inc 2.3%
Texas Instruments Inc 2.3%
Union Pacific Corp 2.2%
% of Total Assets 30.1%

INVESTMENT TEAM

Darnell Azeez
Darnell Azeez, CFA

Managing Director, Portfolio Manager

19 Years of Industry Experience

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

Partner & Director of Quantitative Research

21 Years of Industry Experience

Jeffrey Rabinowitz
Jeffrey Rabinowitz, CFA

Portfolio Manager

22 Years of Industry Experience

Servesh Tiwari
Servesh Tiwari, CFA

Portfolio Manager

15 Years of Industry Experience

Subrata Ghose
Subrata Ghose, CFA

Portfolio Manager

26 Years of Industry Experience

Supported By 33 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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Performance

Performance

12-Month Dividend Yield 1 as of 01/26/2022  

w/o sales charge 1.15%

30-Day Standardized Yield 2 as of 12/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.90% 0.90%

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 26.07% 26.07% 22.87% 16.20% 14.62% -
Lipper Category Avg. Equity Income Funds 25.00% 25.00% 17.76% 11.86% 11.91% -
S&P 500 Index 28.71% 28.71% 26.07% 18.47% 16.55% -

Fund Expense Ratio :

0.62%

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 26.07% 26.07% 22.87% 16.20% 14.62% -
Lipper Category Avg. Equity Income Funds 25.00% 25.00% 17.76% 11.86% 11.91% -
S&P 500 Index 28.71% 28.71% 26.07% 18.47% 16.55% -

Fund Expense Ratio :

0.62%

Year Fund Returns S&P 500 Index
2021 26.07% 28.71%
2020 15.89% 18.40%
2019 26.98% 31.49%
2018 -4.43% -4.38%
2017 19.49% 21.83%
2016 15.62% 11.96%
2015 -2.05% 1.38%
2014 11.95% 13.69%
2013 28.39% 32.39%
2012 13.47% 16.00%
2011 0.32% -
2010 15.25% -
2009 23.89% -
2008 -26.98% -
2007 3.48% -
2006 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 - - - - -9.19%
2021 4.37% 7.60% 0.19% 12.04% 26.07%
2020 -19.75% 19.25% 9.67% 10.42% 15.89%
2019 11.99% 4.10% 4.39% 4.34% 26.98%
2018 -2.71% 1.43% 8.43% -10.68% -4.43%
2017 4.47% 2.57% 3.48% 7.77% 19.49%
2016 6.16% 4.99% 0.82% 2.89% 15.62%
2015 -0.03% -2.17% -5.63% 6.12% -2.05%
2014 1.59% 4.82% -1.39% 6.61% 11.95%
2013 10.51% 1.43% 5.37% 8.71% 28.39%
2012 10.87% -3.61% 5.77% 0.39% 13.47%
2011 5.69% -0.11% -13.83% 10.26% 0.32%
2010 4.87% -8.09% 10.38% 8.32% 15.25%
2009 -5.04% 9.96% 12.53% 5.44% 23.89%
2008 -8.51% -0.30% -8.99% -12.03% -26.98%
2007 3.57% 4.34% -1.07% -3.21% 3.48%
2006 - - - 8.01% -

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 12/31/2021

  • The Fund is overweight in NextEra Energy, an electric power and energy infrastructure company, relative to its benchmark, the S&P 500 Index, as of December 31, 2021. 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 also overweight relative to the benchmark in Morgan Stanley, a global provider of investment banking, capital market, asset management, and other financial services to corporations, institutions, and individuals. We believe the company is well-positioned for the secular trends in wealth management following a series of acquisitions in 2020 and in capital markets from its improving strength in equities. Further, we feel the company is in a better position to optimize its capital base, which should lead to enhanced profitability and buttress capital returns to shareholders over time.
  • The Fund is also overweight relative to the benchmark in American Tower Corp., a provider of tower site rental, in-building, and network development services. We believe that American Tower is a leading player in the tower industry. This industry has high barriers to entry given that locations are hard to obtain due to the need of permits and regulatory approval. We think the industry has favorable long term growth because as end users require higher data speed, the need to bring towers closer to them will increase.

PORTFOLIO DETAILS as of 12/31/2021

Total Net Assets
$3.62 B
Number of Holdings
59
Weighted Average Market Cap.
401.0 B
P/B Ratio
5.7x
P/E Ratio
26.7x

Contributors & Detractors as of  12/31/2021

Contributors

Holding Contribution
Microsoft Corp. 1.4%
NVIDIA Corp. 1.0%
UnitedHealth Group, Inc. 0.6%
Union Pacific Corp 0.6%
Lowe's Cos Inc 0.6%

Detractors

Holding Contribution
Comcast Corp. -0.2%
Visa, Inc. -0.1%
Sysco Corp. -0.1%
American Express Co. -0.1%
JPMorgan Chase & Co. -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 01/26/2022
$0
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/28/2021 12/29/2021 12/29/2021 $0.07050 $21.18
09/28/2021 09/29/2021 09/29/2021 $0.05900 $20.54
06/28/2021 06/29/2021 06/29/2021 $0.04690 $20.25
03/29/2021 03/30/2021 03/30/2021 $0.04370 $18.88

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
03/29/2022 03/30/2022 03/30/2022
06/28/2022 06/29/2022 06/29/2022
09/28/2022 09/29/2022 09/29/2022
12/27/2022 12/28/2022 12/28/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $1.3968 $0.0831 $1.4799 $20.49

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
12/19/2022 12/20/2022

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 12/31/2021

0.62%

Fund Documents

Fund Documents

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