LAMAX | Dividend Growth Fund Class A | Lord Abbett

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Dividend Growth Fund

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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 04/28/2023

Total Net Assets
$3.57 B
Inception Date
12/27/2001
Dividend Frequency
Quarterly
Fund Gross Expense Ratio
0.92%
Fund Net Expense Ratio
0.92%
Number of Holdings
57
Minimum Initial Investment
$1,000+

Yield

12-Month Dividend Yield 1 as of 05/26/2023  

w/o sales charge 0.95%
w/ sales charge 0.89%

30-Day Standardized Yield 2 as of 04/30/2023  

0.65%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 4.82% 4.78% 13.85% 10.37% 10.39% 8.46%
Lipper Category Avg. Equity Income Funds 2.27% 1.07% 13.91% 7.98% 8.73% -
S&P 500 Index 9.17% 2.66% 14.52% 11.45% 12.20% 8.29%
w/ sales charge -1.19% -1.24% 11.62% 9.07% 9.74% 8.16%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 2.51% -4.96% 17.09% 9.79% 10.37% 8.38%
Lipper Category Avg. Equity Income Funds 0.95% -5.40% 17.27% 7.77% 8.81% -
S&P 500 Index 7.50% -7.73% 18.60% 11.19% 12.24% 8.24%
w/ sales charge -3.37% -10.44% 14.81% 8.50% 9.72% 8.08%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

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 04/28/2023View Portfolio

Holding Assets
Microsoft Corp 6.5%
Mastercard Inc 3.9%
Apple Inc 3.7%
Exxon Mobil Corp 3.4%
NextEra Energy Inc 3.0%
Morgan Stanley 2.9%
UnitedHealth Group Inc 2.9%
AbbVie Inc 2.8%
Raytheon Technologies Corp 2.5%
Abbott Laboratories 2.4%
% of Total Assets 33.9%

INVESTMENT TEAM

Darnell Azeez
Darnell Azeez, CFA

Managing Director, Portfolio Manager

21 Years of Industry Experience

Jeffrey Rabinowitz
Jeffrey Rabinowitz, CFA

Portfolio Manager

24 Years of Industry Experience

Servesh Tiwari
Servesh Tiwari, CFA

Portfolio Manager

17 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 05/26/2023  

w/o sales charge 0.95%
w/ sales charge 0.89%

30-Day Standardized Yield 2 as of 04/30/2023  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.65% 0.65%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 4.82% 4.78% 13.85% 10.37% 10.39% 8.46%
Lipper Category Avg. Equity Income Funds 2.27% 1.07% 13.91% 7.98% 8.73% -
S&P 500 Index 9.17% 2.66% 14.52% 11.45% 12.20% 8.29%
w/ sales charge -1.19% -1.24% 11.62% 9.07% 9.74% 8.16%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 2.51% -4.96% 17.09% 9.79% 10.37% 8.38%
Lipper Category Avg. Equity Income Funds 0.95% -5.40% 17.27% 7.77% 8.81% -
S&P 500 Index 7.50% -7.73% 18.60% 11.19% 12.24% 8.24%
w/ sales charge -3.37% -10.44% 14.81% 8.50% 9.72% 8.08%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Year Fund Returns S&P 500 Index
2022 -13.53% -18.11%
2021 25.67% 28.71%
2020 15.50% 18.40%
2019 26.58% 31.49%
2018 -4.73% -4.38%
2017 19.09% 21.83%
2016 15.13% 11.96%
2015 -2.38% 1.38%
2014 11.56% 13.69%
2013 27.96% 32.39%
2012 13.05% -
2011 -0.23% -
2010 14.81% -
2009 23.21% -
2008 -27.29% -
2007 3.03% -
2006 14.78% -
2005 3.65% -
2004 16.72% -
2003 21.79% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 2.51% - - - -
2022 -6.73% -12.38% -4.39% 10.67% -13.53%
2021 4.27% 7.50% 0.12% 11.98% 25.67%
2020 -19.86% 19.16% 9.55% 10.40% 15.50%
2019 11.93% 3.96% 4.32% 4.27% 26.58%
2018 -2.75% 1.25% 8.40% -10.74% -4.73%
2017 4.37% 2.53% 3.38% 7.65% 19.09%
2016 6.06% 4.89% 0.76% 2.71% 15.13%
2015 -0.12% -2.21% -5.73% 6.01% -2.38%
2014 1.52% 4.69% -1.43% 6.50% 11.56%
2013 10.47% 1.27% 5.31% 8.61% 27.96%
2012 10.90% -3.82% 5.76% 0.22% 13.05%
2011 5.52% -0.22% -13.93% 10.10% -0.23%
2010 4.78% -8.15% 10.21% 8.24% 14.81%
2009 -5.29% 9.90% 12.47% 5.25% 23.21%
2008 -8.66% -0.42% -9.07% -12.09% -27.29%
2007 3.47% 4.17% -1.18% -3.26% 3.03%
2006 2.32% 0.64% 3.27% 7.93% 14.78%
2005 -1.04% 1.92% 2.63% 0.13% 3.65%
2004 3.53% 1.67% 1.96% 8.76% 16.72%
2003 -6.08% 11.96% 2.98% 12.47% 21.79%
2002 7.39% -5.36% -13.24% 4.70% -7.68%
2001 - - - - 0.00%

Growth of $10,000 as of 03/31/2023

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 03/31/2023

  • Over the past five decades, the stocks of companies that have steadily grown their dividends have outperformed the broader equity market, non-dividend-paying stocks, and, not surprisingly, dividend cutters. Furthermore, in periods where market returns have been below the long-term average, dividends have made up a larger component of total returns.
  • The current macro backdrop of higher but decreasing inflation, coupled with tighter monetary policy and a higher interest rate regime, has led to an inverted yield curve, increased price volatility, and heightened risk aversion. As such, we believe this environment is ideal for quality compounders with stable earnings and capital discipline - which is typical of dividend growers. Our active approach to dividend growth investing should enable investors to navigate this challenging period with lower volatility verses the broader market while harnessing stock specific alpha opportunities available in the high-quality dividend grower universe.
  • 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..

PORTFOLIO DETAILS as of 04/28/2023

Total Net Assets
$3.57 B
Number of Holdings
57
Weighted Average Market Cap.
417.0 B
P/B Ratio
4.9x
P/E Ratio
22.7x

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 05/26/2023
$0.03510
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
03/29/2023 03/30/2023 03/30/2023 $0.03510 $17.11

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
06/28/2023 06/29/2023 06/29/2023
09/27/2023 09/28/2023 09/28/2023
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 $16.79

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 05/26/2023

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $18.55
$50,000 to $99,999 4.75% 4.00% $18.35
$100,000 to $249,999 3.95% 3.25% $18.20
$250,000 to $499,999 2.75% 2.25% $17.97
$500,000 to $999,999 1.95% 1.75% $17.83
$1,000,000 to $5,000,000 0.00% 1.00% $17.48

EXPENSE RATIOas of 04/30/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.92% 0.92%

Fund Documents

Fund Documents

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

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