LAVFX | Fundamental Equity Fund Class F | Lord Abbett

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Fundamental Equity Fund

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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 08/31/2022

Total Net Assets
$1.80 B
Inception Date
09/28/2007
Dividend Frequency
Annually
Fund Expense Ratio
0.81%
Number of Holdings
64

Yield

12-Month Dividend Yield 1 as of 09/23/2022  

w/o sales charge 1.45%

30-Day Standardized Yield 2 as of 08/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.06% 1.05%

Fund Expense Ratio :

0.81%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -11.82% -6.06% 8.89% 7.48% 9.88% 7.05%
Lipper Category Avg. Multi-Cap Value Funds -9.32% -5.83% 9.68% 7.90% 10.06% -
Russell 1000® Value Index -9.85% -6.23% 8.87% 7.86% 10.52% 6.39%

Fund Expense Ratio :

0.81%

Fund Expense Ratio :

0.81%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -15.57% -6.08% 6.71% 6.60% 9.70% 6.82%
Lipper Category Avg. Multi-Cap Value Funds -12.30% -6.82% 7.57% 7.23% 10.03% -
Russell 1000® Value Index -12.86% -6.82% 6.87% 7.17% 10.50% 6.22%

Fund Expense Ratio :

0.81%

TEN LARGEST HOLDINGS as of 08/31/2022View Portfolio

Holding Assets
UnitedHealth Group Inc 3.0%
Pfizer Inc 2.7%
Chesapeake Energy Corp 2.5%
Raytheon Technologies Corp 2.5%
Alphabet Inc 2.3%
Procter & Gamble Co/The 2.3%
Allstate Corp/The 2.2%
Shell PLC 2.2%
Pioneer Natural Resources Co 2.1%
Wells Fargo & Co 2.1%

INVESTMENT TEAM

A. Edward Allinson
John C. Hardy

Portfolio Manager

19 Years of Industry Experience

Jeff Diamond
Jeff Diamond, CFA

Portfolio Manager

35 Years of Industry Experience

John F. Corr
Darnell Azeez

Portfolio Manger

20 Years of Industry Experience

Supported By 37 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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Performance

Performance

12-Month Dividend Yield 1 as of 09/23/2022  

w/o sales charge 1.45%

30-Day Standardized Yield 2 as of 08/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 1.06% 1.05%

Fund Expense Ratio :

0.81%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -11.82% -6.06% 8.89% 7.48% 9.88% 7.05%
Lipper Category Avg. Multi-Cap Value Funds -9.32% -5.83% 9.68% 7.90% 10.06% -
Russell 1000® Value Index -9.85% -6.23% 8.87% 7.86% 10.52% 6.39%

Fund Expense Ratio :

0.81%

Fund Expense Ratio :

0.81%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge -15.57% -6.08% 6.71% 6.60% 9.70% 6.82%
Lipper Category Avg. Multi-Cap Value Funds -12.30% -6.82% 7.57% 7.23% 10.03% -
Russell 1000® Value Index -12.86% -6.82% 6.87% 7.17% 10.50% 6.22%

Fund Expense Ratio :

0.81%

Year Fund Returns Russell 1000® Value Index
2021 29.16% 25.16%
2020 2.82% 2.80%
2019 22.94% 26.54%
2018 -8.32% -8.27%
2017 13.19% 13.66%
2016 15.90% 17.34%
2015 -3.03% -3.83%
2014 7.19% 13.45%
2013 37.02% 32.53%
2012 10.99% 17.51%
2011 -3.70% -
2010 19.45% -
2009 26.32% -
2008 -28.60% -
2007 7.00% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -2.42% -13.47% - - -17.18%
2021 10.41% 5.17% 1.52% 9.57% 29.16%
2020 -26.93% 16.69% 4.37% 15.53% 2.82%
2019 10.93% 2.27% 1.89% 6.34% 22.94%
2018 -2.42% -0.56% 6.36% -11.16% -8.32%
2017 1.56% 2.31% 3.16% 5.61% 13.19%
2016 -0.34% 4.73% 3.86% 6.91% 15.90%
2015 -0.37% 0.83% -8.72% 5.76% -3.03%
2014 0.26% 2.95% 0.06% 3.78% 7.19%
2013 13.46% 3.57% 6.25% 9.75% 37.02%
2012 11.46% -6.86% 5.28% 1.54% 10.99%
2011 6.61% -0.88% -19.51% 13.22% -3.70%
2010 6.47% -10.68% 10.59% 13.57% 19.45%
2009 -8.50% 13.10% 16.20% 5.05% 26.32%
2008 -7.38% 1.24% -8.31% -16.95% -28.60%
2007 2.24% 5.81% 1.54% -2.59% 7.00%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 6/30/2022

  • 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 T-Mobile US, Inc., an American wireless network operator. The company is nearing completion of the Sprint network integration which should result in a decline in related capital expenditures and operating expenses, and a significant increase in free cash flow. The company intends to repurchase $60 billion of its stock, representing about 35% of current market capitalization, starting in 2023.
  • We also initiated a position in shares of American Homes 4 Rent, a real estate investment trust. They are a single-family rental REIT operating primarily in attractive sunbelt markets and have a unique develop-to-rent capability. We expect continued margin expansion driven by scale, application of technology to its business, and rising fee income.
  • We sold the Fund’s position in Carlisle Companies Incorporated, which engages in the design, manufacturing, and distribution of building envelope products and energy solutions. We opportunistically exited our position in favor of more attractive investment opportunities following a period of strong outperformance and concerns about the sustainability of current levels of profitability.
  • We sold the Fund’s position in Apple, Inc., an American multinational technology company that specializes in consumer electronics, software, and online services. We exited our position in Apple due to relative valuation and concerns the company was over-earning during the COVID-19 pandemic.

PORTFOLIO DETAILS as of 08/31/2022

Total Net Assets
$1.80 B
Number of Holdings
64
Weighted Average Market Cap.
169.5 B
P/B Ratio
2.9x
P/E Ratio
14.5x

Contributors & Detractors as of  06/30/2022

Contributors

Holding Contribution
Eli Lilly and Co 0.1%
McKesson Corp 0.1%
Pfizer, Inc. 0.1%
T-Mobile US, Inc. 0.1%
Marathon Petroleum Corp. 0.0%

Detractors

Holding Contribution
Caesars Entertainment Inc -0.8%
Alphabet Inc -0.6%
Alcoa Corporation -0.6%
Blackstone Group Inc -0.5%
General Motors Co. -0.5%

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 09/23/2022
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/22/2021 11/23/2021 11/23/2021 $0.16410 $13.44

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
11/21/2022 11/22/2022 11/22/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/22/2021 11/23/2021 $1.5757 - $1.5757 $13.44

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
11/21/2022 11/22/2022

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 08/31/2022

0.81%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
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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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