LAVPX | Fundamental Equity Fund Class P | 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 09/30/2021

Total Net Assets
$1.91 B
Inception Date
08/15/2001
Dividend Frequency
Annually
Fund Expense Ratio
1.14%
Number of Holdings
66

Yield

12-Month Dividend Yield 1 as of 10/20/2021  

w/o sales charge 1.31%

30-Day Standardized Yield 2 as of 09/30/2021  

0.54%

Fund Expense Ratio :

1.14%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/15/2001
w/o sales charge 17.51% 35.76% 9.40% 10.19% 11.98% 7.87%
Lipper Category Avg. Multi-Cap Value Funds 17.51% 38.74% 9.47% 11.08% 12.72% -
Russell 1000® Value Index 16.14% 35.01% 10.07% 10.94% 13.51% 7.72%

Fund Expense Ratio :

1.14%

Fund Expense Ratio :

1.14%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/15/2001
w/o sales charge 17.51% 35.76% 9.40% 10.19% 11.98% 7.87%
Lipper Category Avg. Multi-Cap Value Funds 17.51% 38.74% 9.47% 11.08% 12.72% -
Russell 1000® Value Index 16.14% 35.01% 10.07% 10.94% 13.51% 7.72%

Fund Expense Ratio :

1.14%

TEN LARGEST HOLDINGS as of 09/30/2021View Portfolio

Holding Assets
Alphabet Inc 3.2%
Procter & Gamble Co/The 2.8%
UnitedHealth Group Inc 2.7%
Comcast Corp 2.3%
Caesars Entertainment Inc 2.2%
Raytheon Technologies Corp 2.2%
Medtronic PLC 2.0%
Royal Dutch Shell PLC 2.0%
Wells Fargo & Co 2.0%
Western Alliance Bancorp 2.0%

INVESTMENT TEAM

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 31 Investment Professionals with 19 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 10/20/2021  

w/o sales charge 1.31%

30-Day Standardized Yield 2 as of 09/30/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.54% 0.54%

Fund Expense Ratio :

1.14%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/15/2001
w/o sales charge 17.51% 35.76% 9.40% 10.19% 11.98% 7.87%
Lipper Category Avg. Multi-Cap Value Funds 17.51% 38.74% 9.47% 11.08% 12.72% -
Russell 1000® Value Index 16.14% 35.01% 10.07% 10.94% 13.51% 7.72%

Fund Expense Ratio :

1.14%

Fund Expense Ratio :

1.14%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/15/2001
w/o sales charge 17.51% 35.76% 9.40% 10.19% 11.98% 7.87%
Lipper Category Avg. Multi-Cap Value Funds 17.51% 38.74% 9.47% 11.08% 12.72% -
Russell 1000® Value Index 16.14% 35.01% 10.07% 10.94% 13.51% 7.72%

Fund Expense Ratio :

1.14%

Year Fund Returns Russell 1000® Value Index
2020 2.52% 2.80%
2019 22.49% 26.54%
2018 -8.61% -8.27%
2017 12.76% 13.66%
2016 15.51% 17.34%
2015 -3.42% -3.83%
2014 6.86% 13.45%
2013 36.46% 32.53%
2012 10.70% 17.51%
2011 -4.03% 0.39%
2010 19.03% -
2009 25.73% -
2008 -28.84% -
2007 7.37% -
2006 13.58% -
2005 5.36% -
2004 15.51% -
2003 31.74% -
2002 -14.45% -
2001 -1.85% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 10.32% 5.06% 1.39% - 24.53%
2020 -26.96% 16.59% 4.21% 15.53% 2.52%
2019 10.82% 2.12% 1.91% 6.20% 22.49%
2018 -2.52% -0.56% 6.24% -11.27% -8.61%
2017 1.49% 2.17% 3.11% 5.47% 12.76%
2016 -0.43% 4.60% 3.81% 6.84% 15.51%
2015 -0.53% 0.76% -8.79% 5.65% -3.42%
2014 0.20% 2.84% 0.00% 3.71% 6.86%
2013 13.36% 3.46% 6.09% 9.68% 36.46%
2012 11.36% -6.90% 5.16% 1.54% 10.70%
2011 6.58% -0.96% -19.66% 13.16% -4.03%
2010 6.42% -10.75% 10.48% 13.44% 19.03%
2009 -8.65% 12.93% 16.21% 4.88% 25.73%
2008 -7.52% 1.16% -8.39% -16.97% -28.84%
2007 2.21% 5.68% 2.05% -2.59% 7.37%
2006 7.61% -0.24% 1.11% 4.63% 13.58%
2005 -2.01% -0.17% 5.82% 1.78% 5.36%
2004 3.24% 1.29% -0.36% 10.87% 15.51%
2003 -3.23% 15.77% 2.99% 14.17% 31.74%
2002 3.53% -8.93% -14.43% 6.03% -14.45%
2001 - - - 8.24% -1.85%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2021

  • 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 shares of Citigroup Inc., a financial holding company. We believe that the company is attractively valued compared to its peers due to a series of strategic actions that will allow it to exit some lower returning businesses in favor of focusing on higher potential segments leading to an improvement in returns going forward.
  • We also initiated a position in shares of Wells Fargo & Co., a financial holding company. We believe that the company continues to make good progress on its turnaround and is attractively valued relative to peers. We see the company as being able to improve its returns from high-single digits to mid-teens as the company gets out from is asset capital restrictions, reduces expenses and returns excess capital to shareholders.
  • We sold the Fund’s position in JPMorgan Chase & Co., financial holding company, in favor of what we consider more attractive investment alternatives, consistent with our normalized free cash flow framework, due to concerns about the bank’s ability to manage excess liquidity in a slow-growth loan environment.
  • We sold the Fund’s position in Honeywell International, Inc., a software industrial company, in favor of what we consider to be more attractive investment opportunities primarily due to valuation and consistent with our normalized free cash flow methodology.

PORTFOLIO DETAILS as of 09/30/2021

Total Net Assets
$1.91 B
Number of Holdings
66
Weighted Average Market Cap.
228.1 B
P/B Ratio
2.7x
Portfolio Turnover Ratio as of 10/30/2020
60.3%
P/E Ratio
18.6x

Contributors & Detractors as of  09/30/2021

Contributors

Holding Contribution
Blackstone Group Inc 0.4%
Western Alliance Bancorp 0.3%
American International Group Inc 0.3%
Alphabet Inc 0.2%
Aercap Holdings Nv 0.2%

Detractors

Holding Contribution
PPG Industries Inc -0.3%
General Motors Co. -0.2%
Bristol Myers Squibb Co -0.2%
Allison Transmission Holdings Inc -0.1%
Lockheed Martin Corp. -0.1%

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 10/20/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/23/2020 11/24/2020 11/24/2020 $0.19220 $11.66

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 $11.34

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 09/30/2021

1.14%

Fund Documents

Fund Documents

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