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 08/31/2021

Total Net Assets
$3.43 B
Inception Date
04/05/2017
Dividend Frequency
Quarterly
Fund Expense Ratio
0.62%
Number of Holdings
60

Yield

12-Month Dividend Yield 1 as of 09/22/2021  

w/o sales charge 0.90%

30-Day Standardized Yield 2 as of 08/31/2021  

0.88%

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 18.95% 28.92% 16.66% 15.44% 14.26% -
Lipper Category Avg. Equity Income Funds 19.14% 31.93% 11.35% 11.70% 11.84% -
S&P 500 Index 21.58% 31.17% 18.07% 18.02% 16.34% -

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 12.31% 36.00% 16.98% 14.38% 12.72% -
Lipper Category Avg. Equity Income Funds 15.53% 38.61% 12.17% 11.61% 10.67% -
S&P 500 Index 15.25% 40.79% 18.67% 17.65% 14.84% -

Fund Expense Ratio :

0.62%

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.

Finding Durability in U.S. Growth Stocks
February 24, 2020

For investors still concerned with equity volatility, focusing on durable franchises may provide an incentive to stay invested in growth stocks.

Holdings as of 08/31/2021View Portfolio

Holding Assets
Microsoft Corp 7.7%
JPMorgan Chase & Co 3.5%
Texas Instruments Inc 2.4%
Coca-Cola Co/The 2.3%
Honeywell International Inc 2.3%
NVIDIA Corp 2.3%
NIKE Inc 2.2%
Ameriprise Financial Inc 2.1%
Comcast Corp 2.1%
Lowe's Cos Inc 2.1%
% of Total Assets 29.0%

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

Subrata Ghose
Subrata Ghose, CFA

Portfolio Manager

26 Years of Industry Experience

Supported By 30 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

12-Month Dividend Yield 1 as of 09/22/2021  

w/o sales charge 0.90%

30-Day Standardized Yield 2 as of 08/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.88% 0.88%

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 18.95% 28.92% 16.66% 15.44% 14.26% -
Lipper Category Avg. Equity Income Funds 19.14% 31.93% 11.35% 11.70% 11.84% -
S&P 500 Index 21.58% 31.17% 18.07% 18.02% 16.34% -

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 12.31% 36.00% 16.98% 14.38% 12.72% -
Lipper Category Avg. Equity Income Funds 15.53% 38.61% 12.17% 11.61% 10.67% -
S&P 500 Index 15.25% 40.79% 18.67% 17.65% 14.84% -

Fund Expense Ratio :

0.62%

Year Fund Returns S&P 500 Index
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% 2.11%
2010 15.25% -
2009 23.89% -
2008 -26.98% -
2007 3.48% -
2006 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 4.37% 7.60% - - 15.69%
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 06/30/2021

  • The Fund is overweight in JPMorgan Chase & Co., a financial holding company, relative to its benchmark, the S&P 500 Index, as of June 30, 2021. We view JP Morgan as a core holding, given its historical ability to generate superior earnings and book value growth relative to other global banks through multiple cycles. We believe that due to the company’s large technology spending budget it is better positioned to compete against fast-emerging fintech companies compared to its peers. We believe this will continue to allow JP Morgan to gain market share in all major business lines, while delivering positive operating leverage.
  • The Fund is also overweight relative to the benchmark in Texas Instruments, Inc., one of the leaders in analog semiconductors. We believe the market has a fragmented customer base, long product life cycles, high barriers to entry, and low capital intensity, which has the potential to drive high margins and returns.  In our view, the company has established management and is positioned to benefit from a cyclical recovery this year in its key auto and industrial markets.
  • The Fund is also overweight relative to the benchmark in Ameriprise Financial, Inc., a diversified asset and wealth manager. We believe the company’s shift away from its lower margin insurance operations towards the higher margin wealth management unit creates an opportunity for a material upside to the stock as there is a valuation gap compared to other wealth and asset management peers. We see additional upside potential through stock re-rating as the company looks to complete risk transfer deals in their insurance operation.

PORTFOLIO DETAILS as of 08/31/2021

Total Net Assets
$3.43 B
Number of Holdings
60
Weighted Average Market Cap.
327.9 B
P/B Ratio
5.5x
P/E Ratio
25.5x

Contributors & Detractors as of  06/30/2021

Contributors

Holding Contribution
Microsoft Corp. 0.9%
NVIDIA Corp. 0.8%
Intuit Inc 0.4%
Pool Corp 0.4%
Discover Financial Services 0.3%

Detractors

Holding Contribution
Reliance Steel & Aluminum Co. -0.1%
Honeywell International, Inc. -0.1%
Walt Disney Co/The -0.1%
Microchip Technology, Inc. -0.1%
Abbott Laboratories -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 09/22/2021
$0.090
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
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
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 $17.96

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 08/31/2021

0.62%

Fund Documents

Fund Documents

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