GILAX | Fundamental Equity Fund Class C | Lord Abbett
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Fundamental Equity Fund

Summary

Summary

What is the Fundamental Equity Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.

Fund Basicsas of 09/30/2020

Total Net Assets
$1.67 B
Inception Date
01/03/1994
Dividend Frequency
Annually
Fund Expense Ratio
1.74%
Number of Holdings
73
Minimum Initial Investment
$1,500+

Yield

12-Month Dividend Yield 1 as of 10/30/2020  

w/o sales charge 0.97%

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

0.87%

Fund Expense Ratio :

1.74%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/03/1994
w/o sales charge -11.56% -6.19% 1.01% 5.88% 7.60% 8.51%
Lipper Category Avg. Multi-Cap Value Funds -13.25% -6.72% 0.84% 6.08% 8.36% -
Russell 1000® Value Index -11.58% -5.02% 2.63% 7.66% 9.95% 8.81%
w/ sales charge -12.44% -6.19% 1.01% 5.88% 7.60% 8.51%

Fund Expense Ratio :

1.74%

Fund Expense Ratio :

1.74%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/03/1994
w/o sales charge -11.56% -6.19% 1.01% 5.88% 7.60% 8.51%
Lipper Category Avg. Multi-Cap Value Funds -13.25% -6.72% 0.84% 6.08% 8.36% -
Russell 1000® Value Index -11.58% -5.02% 2.63% 7.66% 9.95% 8.81%
w/ sales charge -12.44% -6.19% 1.01% 5.88% 7.60% 8.51%

Fund Expense Ratio :

1.74%

TEN LARGEST HOLDINGS as of 09/30/2020View Portfolio

Holding Assets
JPMorgan Chase & Co. 3.0%
Honeywell International, Inc. 2.5%
Medtronic, Inc. 2.3%
Alphabet, Inc. 2.2%
Verizon Communications, Inc. 2.2%
Bristol-Myers Squibb Co. 2.0%
Colgate-Palmolive Co. 2.0%
Cummins, Inc. 2.0%
Texas Instruments, Inc. 1.9%
Lowe's Cos, Inc. 1.8%

INVESTMENT TEAM

Eli Rabinowich
Eli Rabinowich

Portfolio Manager

16 Years of Industry Experience

Jeff Diamond
Jeff Diamond, CFA

Portfolio Manager

33 Years of Industry Experience

John C. Hardy
John C. Hardy

Portfolio Manager

17 Years of Industry Experience

Supported By 34 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 10/30/2020  

w/o sales charge 0.97%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 0.87% 0.87%

Fund Expense Ratio :

1.74%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/03/1994
w/o sales charge -11.56% -6.19% 1.01% 5.88% 7.60% 8.51%
Lipper Category Avg. Multi-Cap Value Funds -13.25% -6.72% 0.84% 6.08% 8.36% -
Russell 1000® Value Index -11.58% -5.02% 2.63% 7.66% 9.95% 8.81%
w/ sales charge -12.44% -6.19% 1.01% 5.88% 7.60% 8.51%

Fund Expense Ratio :

1.74%

Fund Expense Ratio :

1.74%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/03/1994
w/o sales charge -11.56% -6.19% 1.01% 5.88% 7.60% 8.51%
Lipper Category Avg. Multi-Cap Value Funds -13.25% -6.72% 0.84% 6.08% 8.36% -
Russell 1000® Value Index -11.58% -5.02% 2.63% 7.66% 9.95% 8.81%
w/ sales charge -12.44% -6.19% 1.01% 5.88% 7.60% 8.51%

Fund Expense Ratio :

1.74%

Year Fund Returns Russell 1000® Value Index
2019 21.76% 26.54%
2018 -9.09% -8.27%
2017 12.12% 13.66%
2016 14.86% 17.34%
2015 -3.91% -3.83%
2014 6.23% 13.45%
2013 35.79% 32.53%
2012 9.99% 17.51%
2011 -4.48% 0.39%
2010 18.29% 15.51%
2009 25.18% -
2008 -29.24% -
2007 6.76% -
2006 12.93% -
2005 4.73% -
2004 15.04% -
2003 31.00% -
2002 -14.77% -
2001 -4.74% -
2000 8.53% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -27.03% 16.36% 4.16% - -12.23%
2019 10.73% 1.98% 1.66% 6.07% 21.76%
2018 -2.60% -0.71% 6.08% -11.39% -9.09%
2017 1.37% 2.02% 2.98% 5.28% 12.12%
2016 -0.56% 4.51% 3.60% 6.68% 14.86%
2015 -0.65% 0.65% -8.98% 5.57% -3.91%
2014 0.07% 2.66% -0.14% 3.54% 6.23%
2013 13.18% 3.34% 5.98% 9.55% 35.79%
2012 11.17% -7.06% 5.07% 1.33% 9.99%
2011 6.43% -1.07% -19.78% 13.09% -4.48%
2010 6.16% -10.79% 10.26% 13.27% 18.29%
2009 -8.67% 12.66% 16.04% 4.84% 25.18%
2008 -7.67% 1.11% -8.49% -17.17% -29.24%
2007 2.02% 5.61% 1.95% -2.82% 6.76%
2006 7.46% -0.41% 0.98% 4.49% 12.93%
2005 -2.23% -0.35% 5.72% 1.68% 4.73%
2004 3.22% 1.13% -0.56% 10.83% 15.04%
2003 -3.29% 15.56% 2.83% 14.00% 31.00%
2002 3.48% -8.86% -14.64% 5.86% -14.77%
2001 -7.94% 5.25% -9.04% 8.08% -4.74%
2000 -1.82% -2.51% 6.00% 6.97% 8.53%
1999 3.52% 10.61% -6.15% 11.28% 19.58%
1998 10.08% -0.83% -11.33% 18.37% 14.58%
1997 1.66% 14.24% 6.18% 2.70% 26.63%
1996 4.84% 0.90% 3.04% 8.50% 18.26%
1995 8.86% 6.88% 7.35% 5.92% 32.30%
1994 - 1.66% 5.35% -1.36% 1.42%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2020

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuation over a long term horizon.
  • Given our longer-term orientation and the focus we place on normalized free cash flow, we believe we have a unique ability to look through some of the shorter-term impacts on companies due to the global pandemic, and we continue to look for opportunities amid the volatility. As a result, we have been able to methodically upgrade the Fund in areas that have been particularly impacted by adhering to our process.
  • We initiated a position in shares of Colgate Palmolive Co., a global consumer staples company. Over the past few years, organic growth slowed and margins came under pressure as the company faced a weaker macro backdrop, most notably in Latin America, as well as competition from local upstarts. Under a new CEO, the company is in the early stages of reinvigorating growth with a renewed focus on consumer-led innovation. We believe these initiatives will lead to improved returns over time. 
  • Shares of Walt Disney Co., a diversified international family entertainment and media enterprise, were sold consistent with our normalized free cash flow framework in favor of more attractive investment opportunities.

PORTFOLIO DETAILS as of 09/30/2020

Total Net Assets
$1.67 B
Number of Holdings
73
Weighted Average Market Cap.
177.0 B
P/B Ratio
2.3x
P/E Ratio
17.9x

Contributors & Detractors as of  09/30/2020

Contributors

Holding Contribution
Apple, Inc. 0.5%
Cummins, Inc. 0.4%
Lowe's Cos, Inc. 0.4%
Honeywell International, Inc. 0.3%
Medtronic, Inc. 0.3%

Detractors

Holding Contribution
Citigroup, Inc. -0.3%
Chevron Corp. -0.3%
Intel Corp. -0.2%
CVS Caremark Corp. -0.2%
Marathon Petroleum Corp. -0.2%

Attribution Analysis 

Fundamental Equity 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 10/30/2020
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/20/2019 11/21/2019 11/21/2019 $0.08890 $10.14

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
11/23/2020 11/24/2020 11/24/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/20/2019 11/21/2019 $1.0915 - $1.0915 $10.14

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
11/23/2020 11/24/2020

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 09/30/2020

1.74%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
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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Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

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

Class C - The inception date for Class C Shares is August 31, 2020. The performance quotations for Class C are based on the following methods of calculation: (a) for periods prior to August 31, 2020, a restated figure is used based on the Fund's Class I performance, adjusted to reflect the fees and expenses of Class C Shares ; and (b) for periods after August 31, 2020, actual Class C performance is used reflecting all charges and fees applicable to Class C shares.

Class C - Class C shares are subject to ongoing 12b-1 service and distribution fees as well as a maximum CDSC of 1 percent if you redeem your shares before the first anniversary of your original purchase.

Class F - The inception date for Class F Shares is August 31, 2020. The performance quotations for Class F are based on the following methods of calculation: (a) for periods prior to August 31, 2020, a restated figure is used based on the Fund's Class I performance, adjusted to reflect the fees and expenses of Class F Shares ; and (b) for periods after August 31, 2020, actual Class F performance is used reflecting all charges and fees applicable to Class F shares.

Class F shares are available only to eligible fee-based advisory programs and certain registered investment advisers. For additional information, see the Fund’s current prospectus.

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