LAMSX | Dividend Growth Fund Class R4 | 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 09/30/2020

Total Net Assets
$2.57 B
Inception Date
06/30/2015
Dividend Frequency
Quarterly
Fund Expense Ratio
0.95%
Number of Holdings
59

Yield

12-Month Dividend Yield 1 as of 10/28/2020  

w/o sales charge 1.24%

30-Day Standardized Yield 2 as of 09/30/2020  

0.89%

Fund Expense Ratio :

0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 4.67% 9.15% 10.76% 12.90% 11.42% -
Lipper Category Avg. Equity Income Funds -7.97% -2.02% 4.08% 8.15% 9.40% -
S&P 500 Index 5.57% 15.15% 12.28% 14.15% 13.74% -

Fund Expense Ratio :

0.95%

Fund Expense Ratio :

0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 4.67% 9.15% 10.76% 12.90% 11.42% -
Lipper Category Avg. Equity Income Funds -7.97% -2.02% 4.08% 8.15% 9.40% -
S&P 500 Index 5.57% 15.15% 12.28% 14.15% 13.74% -

Fund Expense Ratio :

0.95%

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 09/30/2020View Portfolio

Holding Assets
Microsoft Corp. 4.9%
Comcast Corp. 3.1%
McDonald's Corp. 3.0%
Abbott Laboratories 2.7%
Danaher Corp. 2.7%
Texas Instruments, Inc. 2.7%
Union Pacific Corp. 2.7%
BlackRock, Inc. 2.6%
Accenture Ltd. 2.5%
Visa, Inc. 2.5%
% of Total Assets 29.4%

INVESTMENT TEAM

Walter H. Prahl
Walter H. Prahl, Ph.D.

Partner & Director

35 Years of Industry Experience

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

Partner & Director of Quantitative Research

20 Years of Industry Experience

Darnell Azeez
Darnell Azeez, CFA

Managing Director, Portfolio Manager

18 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 33 Investment Professionals with 18 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 10/28/2020  

w/o sales charge 1.24%

30-Day Standardized Yield 2 as of 09/30/2020  

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

Fund Expense Ratio :

0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 4.67% 9.15% 10.76% 12.90% 11.42% -
Lipper Category Avg. Equity Income Funds -7.97% -2.02% 4.08% 8.15% 9.40% -
S&P 500 Index 5.57% 15.15% 12.28% 14.15% 13.74% -

Fund Expense Ratio :

0.95%

Fund Expense Ratio :

0.95%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge 4.67% 9.15% 10.76% 12.90% 11.42% -
Lipper Category Avg. Equity Income Funds -7.97% -2.02% 4.08% 8.15% 9.40% -
S&P 500 Index 5.57% 15.15% 12.28% 14.15% 13.74% -

Fund Expense Ratio :

0.95%

Year Fund Returns S&P 500 Index
2019 26.62% 31.49%
2018 -4.80% -4.38%
2017 19.10% 21.83%
2016 15.21% 11.96%
2015 -2.43% 1.38%
2014 11.55% 13.69%
2013 27.93% 32.39%
2012 13.06% 16.00%
2011 -0.04% 2.11%
2010 14.83% 15.06%
2009 23.45% -
2008 -27.24% -
2007 3.11% -
2006 14.90% -
2005 3.72% -
2004 16.89% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -19.83% 19.10% 9.61% - 2.02%
2019 11.95% 4.03% 4.26% 4.28% 26.62%
2018 -2.81% 1.32% 8.34% -10.76% -4.80%
2017 4.38% 2.50% 3.38% 7.68% 19.10%
2016 6.06% 5.01% 0.72% 2.71% 15.21%
2015 -0.12% -2.26% -5.66% 5.93% -2.43%
2014 1.50% 4.73% -1.48% 6.51% 11.55%
2013 10.41% 1.34% 5.28% 8.61% 27.93%
2012 10.77% -3.70% 5.67% 0.30% 13.06%
2011 5.60% -0.19% -13.91% 10.17% -0.04%
2010 4.78% -8.17% 10.29% 8.22% 14.83%
2009 -5.13% 9.86% 12.43% 5.35% 23.45%
2008 -8.60% -0.39% -9.08% -12.11% -27.24%
2007 3.48% 4.25% -1.16% -3.30% 3.11%
2006 2.33% 0.66% 3.36% 7.92% 14.90%
2005 -1.10% 2.02% 2.64% 0.15% 3.72%
2004 - - - 8.80% 16.89%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2020

  • Consistent with our investment approach, which seeks to achieve excess returns through a focus on security selection, we continue to find opportunities consisting of undervalued securities that we believe will drive relative performance in the future. 
  • The portfolio is 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 also overweight relative to the benchmark in McDonald’s Corporation, the largest fast-food chain 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 overweight relative to the benchmark in Danaher Corporation, one of the largest players in the bioprocessing market, which supplies tools to manufacture large molecule drugs, vaccines, and cell and gene therapy. The COVIDrelated demands placed on the health care system and the need for rapid point of care testing and therapeutics has been a tailwind for the company. Further, we view their water quality business as underappreciated by the market and we are constructive on management’s recent move to divest their lower quality dental business and make acquisitions into higher growth, higher quality businesses.

PORTFOLIO DETAILS as of 09/30/2020

Total Net Assets
$2.57 B
Number of Holdings
59
Weighted Average Market Cap.
238.1 B
P/B Ratio
5.1x
P/E Ratio
26.7x

Contributors & Detractors as of  09/30/2020

Contributors

Holding Contribution
Apple, Inc. 0.6%
NIKE, Inc. 0.6%
McDonald's Corp. 0.6%
QUALCOMM, Inc. 0.6%
Danaher Corp. 0.5%

Detractors

Holding Contribution
Chevron Corp. -0.3%
AbbVie, Inc. -0.2%
Jack Henry & Associates, Inc. -0.1%
ACE Ltd. -0.1%
Total S.A. -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 10/28/2020
$0.136
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
09/28/2020 09/29/2020 09/29/2020 $0.03810 $16.46
06/29/2020 06/30/2020 06/30/2020 $0.05090 $15.17
03/26/2020 03/27/2020 03/27/2020 $0.04700 $12.59

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
12/28/2020 12/29/2020 12/29/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/17/2019 12/18/2019 $0.6870 $0.0094 $0.6964 $15.91

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
12/17/2020 12/18/2020

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 09/30/2020

0.95%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
Annual Report
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Publish Date:11/03/2015
Fact Sheet
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Class R4 - The inception date for Class R4 shares is June 30, 2015. The performance quotations for Class R4 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a restated figure is used based on the historical performance of the Fund’s portfolio since inception to reflect all charges and fees applicable to Class R4 shares; and (b) for periods after June 30, 2015, actual Class R4 performance is used, which reflects all charges and fees applicable to Class R4 shares.

Class R4 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

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