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 12/31/2020

Total Net Assets
$1.80 B
Inception Date
01/03/1994
Dividend Frequency
Annually
Fund Expense Ratio
1.74%
Number of Holdings
78
Minimum Initial Investment
$1,500+

Yield

12-Month Dividend Yield 1 as of 01/15/2021  

w/o sales charge 0.81%

30-Day Standardized Yield 2 as of 12/31/2020  

0.53%

Fund Expense Ratio :

1.74%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/03/1994
w/o sales charge 2.00% 2.00% 4.13% 7.77% 7.79% 9.00%
Lipper Category Avg. Multi-Cap Value Funds 2.72% 2.72% 4.80% 8.91% 9.17% -
Russell 1000® Value Index 2.80% 2.80% 6.07% 9.74% 10.50% 9.33%

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 2.00% 2.00% 4.13% 7.77% 7.79% 9.00%
Lipper Category Avg. Multi-Cap Value Funds 2.72% 2.72% 4.80% 8.91% 9.17% -
Russell 1000® Value Index 2.80% 2.80% 6.07% 9.74% 10.50% 9.33%

Fund Expense Ratio :

1.74%

TEN LARGEST HOLDINGS as of 12/31/2020View Portfolio

Holding Assets
JPMorgan Chase & Co. 3.8%
Honeywell International, Inc. 2.5%
Medtronic PLC 2.2%
Alphabet, Inc. 2.1%
American Express Co. 2.0%
Morgan Stanley 2.0%
Comcast Corp. 1.9%
Texas Instruments, Inc. 1.9%
Verizon Communications, Inc. 1.9%
Bristol-Myers Squibb Co. 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 32 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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Performance

Performance

12-Month Dividend Yield 1 as of 01/15/2021  

w/o sales charge 0.81%

30-Day Standardized Yield 2 as of 12/31/2020  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.53% 0.53%

Fund Expense Ratio :

1.74%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/03/1994
w/o sales charge 2.00% 2.00% 4.13% 7.77% 7.79% 9.00%
Lipper Category Avg. Multi-Cap Value Funds 2.72% 2.72% 4.80% 8.91% 9.17% -
Russell 1000® Value Index 2.80% 2.80% 6.07% 9.74% 10.50% 9.33%

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 2.00% 2.00% 4.13% 7.77% 7.79% 9.00%
Lipper Category Avg. Multi-Cap Value Funds 2.72% 2.72% 4.80% 8.91% 9.17% -
Russell 1000® Value Index 2.80% 2.80% 6.07% 9.74% 10.50% 9.33%

Fund Expense Ratio :

1.74%

Year Fund Returns Russell 1000® Value Index
2020 2.00% 2.80%
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% -
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% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 - - - - 3.12%
2020 -27.03% 16.36% 4.16% 15.33% 2.00%
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 09/30/2020

  • The Fund employs a fundamental, bottom-up individual stock selection strategy that focuses on quality companies with compelling valuation over a long term horizon.
  • We initiated a position in Fidelity National Financial, Inc., a U.S. title insurance company. We believe the recent acquisition of F&G, a fixed and indexed annuity underwriter, has the potential to add considerably to earnings as the company expands into new distribution channels.
  • We also initiated a position in Waters Corporation, a leading supplier of liquid chromatographs, which are instruments that separate compounds and identify and measure their constituent ingredients.. We believe that Waters’ underlying product portfolio remains in a leadership position and expect the new CEO to focus on new product launches and capital deployment to reinvigorate revenue growth.
  • We sold the Fund’s position in Raytheon Technologies Corp., an aerospace and defense company, after the merger with United Technology in order to moderate the overweight in the Aerospace & Defense industry.
  • We also sold the Fund’s position in Hartford Financial Services Group, Inc., a leading underwriter of property and casualty insurance, in favor of more attractive investment alternatives, consistent with our normalized free cash flow methodology. 

PORTFOLIO DETAILS as of 12/31/2020

Total Net Assets
$1.80 B
Number of Holdings
78
Weighted Average Market Cap.
198.2 B
P/B Ratio
2.7x
Portfolio Turnover Ratio as of 10/31/2019
87.7%
P/E Ratio
22.4x

Contributors & Detractors as of  12/31/2020

Contributors

Holding Contribution
JPMorgan Chase & Co. 1.1%
Honeywell International, Inc. 0.7%
Morgan Stanley 0.7%
East West Bancorp, Inc. 0.7%
Lear Corp. 0.6%

Detractors

Holding Contribution
Intel Corp. -0.2%
Domino's Pizza, Inc. -0.1%
Lowe's Cos, Inc. -0.1%
Sanofi -0.1%
Cabot Oil & Gas Corp. 0.0%

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 01/15/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/23/2020 11/24/2020 11/24/2020 $0.08850 $10.45

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
11/22/2021 11/23/2021 11/23/2021

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
11/22/2021 11/23/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 12/31/2020

1.74%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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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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