LAMTX | Dividend Growth Fund Class R5 | Lord Abbett

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Dividend Growth Fund

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Daily price w/o sales charge as of 11/29/2023

$18.97

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YTD Returns w/o sales charge as of 11/29/2023

11.61%

fund alert

Lord Abbett Research Fund - Calibrated Dividend Growth Fund was renamed Lord Abbett Research Fund - Dividend Growth Fund effective April 1, 2020.

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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 10/31/2023

Total Net Assets
$3.38 B
Inception Date
06/30/2015
Dividend Frequency
Quarterly
Fund Gross Expense Ratio
0.67%
Fund Net Expense Ratio
0.67%
Number of Holdings
54

Yield

12-Month Dividend Yield 1 as of 11/29/2023  

w/o sales charge 1.00%

30-Day Standardized Yield 2 as of 10/31/2023  

1.00%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 0.67%

Net 0.67%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 3.73% 5.70% 8.64% 9.76% 9.56% 8.52%
Lipper Category Avg. Equity Income Funds -1.07% 0.83% 9.67% 6.95% 7.46% -
S&P 500 Index 10.69% 10.14% 10.36% 11.01% 11.18% -
w/ sales charge 3.73% 5.70% 8.64% 9.76% 9.56% 8.52%

Fund Expense Ratio :

Gross 0.67%

Net 0.67%

Fund Expense Ratio :

Gross 0.67%

Net 0.67%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 5.67% 17.00% 8.43% 8.66% 10.25% 8.64%
Lipper Category Avg. Equity Income Funds 1.57% 13.27% 9.98% 6.29% 8.20% -
S&P 500 Index 13.07% 21.62% 10.15% 9.92% 11.91% -

Fund Expense Ratio :

Gross 0.67%

Net 0.67%

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.

Holdings as of 10/31/2023View Portfolio

Holding Assets
Microsoft Corp 8.6%
Exxon Mobil Corp 4.3%
Mastercard Inc 4.1%
UnitedHealth Group Inc 4.0%
Apple Inc 3.9%
NVIDIA Corp 3.1%
AbbVie Inc 2.7%
Eli Lilly & Co 2.7%
Walmart Inc 2.7%
Accenture PLC 2.2%
% of Total Assets 38.4%

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Sector Allocationas of 10/31/2023View Portfolio

Sector Weighting
Sector Weighting
Communication Services
Real Estate
Utilities
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials

INVESTMENT TEAM

Darnell Azeez
Darnell Azeez, CFA

Partner, Portfolio Manager

21 Years of Industry Experience

Jeffrey Rabinowitz
Jeffrey Rabinowitz, CFA

Portfolio Manager

24 Years of Industry Experience

Subrata Ghose
Subrata Ghose, CFA

Portfolio Manager

28 Years of Industry Experience

Supported By 36 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

12-Month Dividend Yield 1 as of 11/29/2023  

w/o sales charge 1.00%

30-Day Standardized Yield 2 as of 10/31/2023  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.00% 1.00%

Fund Expense Ratio :

Gross 0.67%

Net 0.67%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 3.73% 5.70% 8.64% 9.76% 9.56% 8.52%
Lipper Category Avg. Equity Income Funds -1.07% 0.83% 9.67% 6.95% 7.46% -
S&P 500 Index 10.69% 10.14% 10.36% 11.01% 11.18% -
w/ sales charge 3.73% 5.70% 8.64% 9.76% 9.56% 8.52%

Fund Expense Ratio :

Gross 0.67%

Net 0.67%

Fund Expense Ratio :

Gross 0.67%

Net 0.67%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 5.67% 17.00% 8.43% 8.66% 10.25% 8.64%
Lipper Category Avg. Equity Income Funds 1.57% 13.27% 9.98% 6.29% 8.20% -
S&P 500 Index 13.07% 21.62% 10.15% 9.92% 11.91% -

Fund Expense Ratio :

Gross 0.67%

Net 0.67%

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.

Year Fund Returns S&P 500 Index
2022 -13.39% -18.11%
2021 26.09% 28.71%
2020 15.83% 18.40%
2019 26.93% 31.49%
2018 -4.52% -4.38%
2017 19.37% 21.83%
2016 15.46% 11.96%
2015 -2.19% 1.38%
2014 11.83% 13.69%
2013 28.25% 32.39%
2012 13.34% -
2011 0.21% -
2010 15.12% -
2009 23.76% -
2008 -27.06% -
2007 3.36% -
2006 15.19% -
2005 3.98% -
2004 17.18% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.61% 5.97% - - 11.61%
2022 -6.73% -12.33% -4.33% 10.73% -13.39%
2021 4.34% 7.59% 0.19% 12.11% 26.09%
2020 -19.79% 19.27% 9.58% 10.48% 15.83%
2019 12.04% 4.05% 4.34% 4.35% 26.93%
2018 -2.73% 1.37% 8.46% -10.72% -4.52%
2017 4.47% 2.57% 3.41% 7.72% 19.37%
2016 6.16% 4.99% 0.75% 2.82% 15.46%
2015 -0.06% -2.19% -5.63% 6.03% -2.19%
2014 1.57% 4.79% -1.42% 6.58% 11.83%
2013 10.48% 1.40% 5.34% 8.68% 28.25%
2012 10.84% -3.64% 5.74% 0.36% 13.34%
2011 5.66% -0.13% -13.85% 10.23% 0.21%
2010 4.84% -8.11% 10.35% 8.29% 15.12%
2009 -5.07% 9.93% 12.50% 5.42% 23.76%
2008 -8.54% -0.33% -9.02% -12.05% -27.06%
2007 3.54% 4.31% -1.09% -3.24% 3.36%
2006 2.40% 0.72% 3.42% 7.99% 15.19%
2005 -1.04% 2.08% 2.70% 0.22% 3.98%
2004 - - - 8.87% 17.18%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Holding Sector Assets
Microsoft Corp Information Technology 8.6%
Exxon Mobil Corp Energy 4.3%
Mastercard Inc Financials 4.1%
UnitedHealth Group Inc Health Care 4.0%
Apple Inc Information Technology 3.9%
NVIDIA Corp Information Technology 3.1%
AbbVie Inc Health Care 2.7%
Eli Lilly & Co Health Care 2.7%
Walmart Inc Consumer Staples 2.7%
Accenture PLC Information Technology 2.2%
% of Total Assets 38.4%

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Holding Sector Assets
Microsoft Corp Information Technology 7.6%
Exxon Mobil Corp Energy 4.4%
Mastercard Inc Financials 4.2%
Apple Inc Information Technology 3.8%
NVIDIA Corp Information Technology 3.7%
UnitedHealth Group Inc Health Care 3.7%
AbbVie Inc Health Care 2.8%
Morgan Stanley Financials 2.6%
Walmart Inc Consumer Staples 2.6%
Eli Lilly & Co Health Care 2.6%
Lam Research Corp Information Technology 2.3%
Accenture PLC Information Technology 2.3%
Comcast Corp Communication Services 2.2%
Bank of America Corp Financials 2.2%
Roper Technologies Inc Information Technology 2.1%
S&P Global Inc Financials 2.0%
TJX Cos Inc/The Consumer Discretionary 2.0%
Union Pacific Corp Industrials 1.9%
Parker-Hannifin Corp Industrials 1.8%
Coca-Cola Co/The Consumer Staples 1.8%
Zoetis Inc Health Care 1.7%
McDonald's Corp Consumer Discretionary 1.7%
Abbott Laboratories Health Care 1.6%
NextEra Energy Inc Utilities 1.6%
Eaton Corp PLC Industrials 1.6%
Chubb Ltd Financials 1.6%
Humana Inc Health Care 1.5%
Oracle Corp Information Technology 1.5%
Lowe's Cos Inc Consumer Discretionary 1.5%
Ameriprise Financial Inc Financials 1.5%
Broadcom Inc Information Technology 1.4%
Home Depot Inc/The Consumer Discretionary 1.4%
Arthur J Gallagher & Co Financials 1.4%
Sherwin-Williams Co/The Materials 1.3%
Prologis Inc Real Estate 1.3%
CRH PLC Materials 1.3%
Costco Wholesale Corp Consumer Staples 1.3%
West Pharmaceutical Services Inc Health Care 1.3%
Honeywell International Inc Industrials 1.3%
Danaher Corp Health Care 1.1%
Reliance Steel & Aluminum Co Materials 1.1%
Starbucks Corp Consumer Discretionary 1.1%
Northrop Grumman Corp Industrials 1.0%
Pernod Ricard SA Consumer Staples 1.0%
NIKE Inc Consumer Discretionary 1.0%
Vulcan Materials Co Materials 0.9%
Intuit Inc Information Technology 0.8%
Churchill Downs Inc Consumer Discretionary 0.8%
Analog Devices Inc Information Technology 0.8%
Jack Henry & Associates Inc Financials 0.7%
Marathon Petroleum Corp Energy 0.7%
Charles Schwab Corp/The Financials 0.7%
Allstate Corp/The Financials 0.7%
RenaissanceRe Holdings Ltd Financials 0.3%

Sector Allocationas of 10/31/2023

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Communication Services arrowDown0.1%
Real Estate arrowDown1.3%
Utilities arrowUp0.1%
Consumer Discretionary arrowDown0.4%
Consumer Staples arrowUp1.3%
Energy arrowDown0.4%
Financials arrowDown0.2%
Health Care arrowUp0.1%
Industrials arrowUp0.6%
Information Technology arrowUp0.7%
Materials arrowUp0.1%

Portfolio Positioning as of 09/30/2023

  • With the expected continuation of high interest rates in the fourth quarter of 2023, we believe our continued emphasis on quality will be crucial in identifying winners. These companies will have greater operational and financial flexibility than lesser positioned peers/competitors, thus ensuring the former’s ability to gain share, invest in the businesses, return excess cash to shareholders and generate better returns over the business cycle. In our view, more profitable businesses have the agility to adapt to today’s increasingly uncertain demand environment, invest more strategically in their business, and seek out attractive M&A opportunities to enhance their existing businesses.
  • As of the end of the period, the Fund’s largest active overweight relative to the S&P 500 Index is Mastercard Incorporated, a payment-processing corporation. We believe the company is attractively valued given the resiliency of the business model during an economic downturn, along with continued cross-border travel recovery in coming quarters.
  • The Fund is overweight relative to the benchmark in UnitedHealth Group Incorporated, a company that engages in the provision of health care coverage, software, and data consultancy services. We believe the company is attractively valued with a strong management team that has deployed cash wisely. 

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 11/29/2023
$0.14040
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
09/27/2023 09/28/2023 09/28/2023 $0.04740 $18.05
06/28/2023 06/29/2023 06/29/2023 $0.04690 $18.33
03/29/2023 03/30/2023 03/30/2023 $0.04610 $17.32

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
12/26/2023 12/27/2023 12/27/2023

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/19/2022 12/20/2022 $0.8267 - $0.8267 $17.01

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 10/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.67% 0.67%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015

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1

12-Month Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its value with maximum sales charges and without sales charges. The fund’s dividend yield is calculated by dividing the fund’s income distributions over the previous year by the fund’s current value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

A Note about Risk: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies, including market, liquidity, currency, and political risks. Mid cap company stocks tend to be more volatile and may be less liquid than large cap company stocks. Mid cap companies typically experience a higher risk of failure than large cap companies. However, larger companies may be unable to respond quickly to certain market developments and may have slower rates of growth as compared to smaller successful companies. A company's dividend payments may vary over time, and there is no guarantee that a company will pay a dividend at all. These factors can adversely affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Fund transitioned its investment approach from investing in a mix of equity and fixed income securities to a domestic dividend oriented equity strategy. Therefore, the performance of the Fund for periods prior to September 27, 2012 is not representative of the Fund's current investment strategy. The change in investment approach may affect the Fund's performance.

The S&P 500® Index is widely regarded as the standard for measuring large cap U.S. stock market performance and includes a representative sample of leading companies in leading industries.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Expense Ratio: The net expense ratio takes into account a contractual management fee waiver/expense reimbursement agreement that currently is scheduled to remain in place through March 31, 2016. For periods when gross expenses exceeded the cap, the Fund benefited by not bearing certain expenses. Without such cap, performance would have been lower. 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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