LAVQX | Fundamental Equity Fund Class R2 | Lord Abbett
Image alt tag

Error!

There was a problem contacting the server. Please try after sometime.

Sorry, we are unable to process your request.

Error!

We're sorry, but the Insights and Intelligence Tool is temporarily unavailable

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Error!

We're sorry, but the Literature Center checkout function is temporarily unavailable.

If this problem persists, or if you need immediate assistance, please contact Customer Service at 1-888-522-2388.

Tracked Funds

You have 0 funds on your mutual fund watch list.

Begin by selecting funds to create a personalized watch list.

(as of 12/05/2015)

Pending Orders

You have 0 items in your cart.

Subscribe and order forms, fact sheets, presentations, and other documents that can help advisers grow their business.

Reset Your Password

Financial Professionals*

Your password must be a minimum of characters.

Confirmation Message

Your LordAbbett.com password was successully updated. This page will be refreshed after 3 seconds.

OK

 

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 03/31/2021

Total Net Assets
$1.83 B
Inception Date
09/28/2007
Dividend Frequency
Annually
Fund Expense Ratio
1.29%
Number of Holdings
73

Yield

12-Month Dividend Yield 1 as of 04/21/2021  

w/o sales charge 1.30%

30-Day Standardized Yield 2 as of 03/31/2021  

0.64%

Fund Expense Ratio :

1.29%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 10.35% 54.64% 8.92% 10.44% 8.60% 7.05%
Lipper Category Avg. Multi-Cap Value Funds 12.50% 63.68% 10.11% 11.47% 9.98% -
Russell 1000® Value Index 11.25% 56.09% 10.96% 11.74% 10.99% 6.97%

Fund Expense Ratio :

1.29%

Fund Expense Ratio :

1.29%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 10.35% 54.64% 8.92% 10.44% 8.60% 7.05%
Lipper Category Avg. Multi-Cap Value Funds 12.50% 63.68% 10.11% 11.47% 9.98% -
Russell 1000® Value Index 11.25% 56.09% 10.96% 11.74% 10.99% 6.97%

Fund Expense Ratio :

1.29%

TEN LARGEST HOLDINGS as of 03/31/2021View Portfolio

Holding Assets
JPMorgan Chase & Co 4.1%
Alphabet Inc 2.3%
Honeywell International Inc 2.3%
Comcast Corp 2.2%
Procter & Gamble Co/The 2.1%
American Express Co 2.0%
Bristol-Myers Squibb Co. 2.0%
Medtronic PLC 2.0%
Raytheon Technologies Corp 2.0%
Texas Instruments Inc 2.0%

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 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 04/21/2021  

w/o sales charge 1.30%

30-Day Standardized Yield 2 as of 03/31/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.64% 0.64%

Fund Expense Ratio :

1.29%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 10.35% 54.64% 8.92% 10.44% 8.60% 7.05%
Lipper Category Avg. Multi-Cap Value Funds 12.50% 63.68% 10.11% 11.47% 9.98% -
Russell 1000® Value Index 11.25% 56.09% 10.96% 11.74% 10.99% 6.97%

Fund Expense Ratio :

1.29%

Fund Expense Ratio :

1.29%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 10.35% 54.64% 8.92% 10.44% 8.60% 7.05%
Lipper Category Avg. Multi-Cap Value Funds 12.50% 63.68% 10.11% 11.47% 9.98% -
Russell 1000® Value Index 11.25% 56.09% 10.96% 11.74% 10.99% 6.97%

Fund Expense Ratio :

1.29%

Year Fund Returns Russell 1000® Value Index
2020 2.29% 2.80%
2019 22.28% 26.54%
2018 -8.75% -8.27%
2017 12.59% 13.66%
2016 15.36% 17.34%
2015 -3.53% -3.83%
2014 6.69% 13.45%
2013 36.25% 32.53%
2012 10.50% 17.51%
2011 -4.19% 0.39%
2010 18.86% -
2009 25.67% -
2008 -28.94% -
2007 7.28% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 10.35% - - - 14.50%
2020 -27.01% 16.51% 4.22% 15.41% 2.29%
2019 10.74% 2.13% 1.75% 6.26% 22.28%
2018 -2.53% -0.65% 6.19% -11.27% -8.75%
2017 1.42% 2.18% 3.04% 5.45% 12.59%
2016 -0.43% 4.52% 3.74% 6.85% 15.36%
2015 -0.53% 0.76% -8.89% 5.64% -3.53%
2014 0.20% 2.78% -0.06% 3.66% 6.69%
2013 13.25% 3.47% 6.11% 9.57% 36.25%
2012 11.31% -6.92% 5.09% 1.49% 10.50%
2011 6.43% -0.96% -19.63% 13.09% -4.19%
2010 6.31% -10.74% 10.37% 13.48% 18.86%
2009 -8.63% 12.90% 16.18% 4.87% 25.67%
2008 -7.62% 1.15% -8.33% -17.04% -28.94%
2007 2.13% 5.72% 2.06% -2.64% 7.28%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 12/31/2020

  • 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 Morgan Stanley, a multinational investment bank. We believe the company is well-positioned for the secular trends in wealth management following its acquisitions of E*Trade and Eaton Vance and in capital markets from its improving strength in equities. We believe the company will be in a better position to optimize its capital base, which should lead to enhanced profitability and support capital returns to shareholders over time.
  • We also initiated a position in Blackstone Group Inc., an alternatives asset manager.  We believe that the company is well-positioned to drive secular growth in recurring, subscription-like management fees as a result of the global secular demand for higher-yielding, albeit less liquid assets in the current low interest rate environment.
  • We sold the Fund’s position in E*Trade, an online brokerage firm, after the company was acquired by Morgan Stanley in an attractive, all-stock transaction that resulted in becoming shareholders of Morgan Stanley.
  • We also sold the Fund’s position in Intel Corporation, a manufacturer of computer products and technologies, following a further delay in the development of their next generation semiconductor design which called into question their long-term competitiveness and reduced the conviction in our investment thesis. 

PORTFOLIO DETAILS as of 03/31/2021

Total Net Assets
$1.83 B
Number of Holdings
73
Weighted Average Market Cap.
201.0 B
P/B Ratio
2.9x
P/E Ratio
23.1x

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
JPMorgan Chase & Co. 0.8%
East West Bancorp, Inc. 0.7%
CIT Group, Inc. 0.7%
Western Alliance Bancorp 0.5%
General Motors Co. 0.4%

Detractors

Holding Contribution
Colgate-Palmolive Co -0.2%
QUALCOMM, Inc. -0.1%
NRG Energy, Inc. -0.1%
Apple, Inc. -0.1%
Merck & Co Inc -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 04/21/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/23/2020 11/24/2020 11/24/2020 $0.17550 $11.64

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 $11.32

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 03/31/2021

1.29%

Fund Documents

Fund Documents

Download fund documents & literature, create email subscriptions, and place direct mail order

0Documents selected
Order
n/a
Portfolio Holdings 1Q
Publish Date:11/03/2015
n/a
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
n/a
Statutory Prospectus
Publish Date:11/03/2015
n/a
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

To order literature visit full website

You may add to your cart by selecting quantities in each row below.

No rows selected. Please Go back and select at least one fund document

 
Quantity
Quantity
Remove
Remove

Select funds to run a Morningstar Hypothetical Report.

    Please confirm your literature shipping address

    Please review the address information below and make any necessary changes.

    All literature orders will be shipped to the address that you enter below. This information can be edited at any time.

    Current Literature Shipping Address

    * Required field