LAVRX | Fundamental Equity Fund Class R3 | 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 06/30/2021

Total Net Assets
$1.92 B
Inception Date
09/28/2007
Dividend Frequency
Annually
Fund Expense Ratio
1.19%
Number of Holdings
71

Yield

12-Month Dividend Yield 1 as of 07/27/2021  

w/o sales charge 1.33%

30-Day Standardized Yield 2 as of 06/30/2021  

0.56%

Fund Expense Ratio :

1.19%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 15.89% 39.53% 11.05% 10.65% 9.35% 7.40%
Lipper Category Avg. Multi-Cap Value Funds 19.00% 47.78% 11.75% 12.34% 10.74% -
Russell 1000® Value Index 17.05% 43.68% 12.42% 11.87% 11.61% 7.23%

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 15.89% 39.53% 11.05% 10.65% 9.35% 7.40%
Lipper Category Avg. Multi-Cap Value Funds 19.00% 47.78% 11.75% 12.34% 10.74% -
Russell 1000® Value Index 17.05% 43.68% 12.42% 11.87% 11.61% 7.23%

Fund Expense Ratio :

1.19%

TEN LARGEST HOLDINGS as of 06/30/2021View Portfolio

Holding Assets
Procter & Gamble Co/The 2.8%
UnitedHealth Group Inc 2.8%
Alphabet Inc 2.5%
Comcast Corp 2.2%
Raytheon Technologies Corp 2.2%
Morgan Stanley 2.1%
Bristol-Myers Squibb Co. 2.0%
General Motors Co 2.0%
Medtronic PLC 2.0%
Wells Fargo & Co 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 07/27/2021  

w/o sales charge 1.33%

30-Day Standardized Yield 2 as of 06/30/2021  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.56% 0.56%

Fund Expense Ratio :

1.19%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 15.89% 39.53% 11.05% 10.65% 9.35% 7.40%
Lipper Category Avg. Multi-Cap Value Funds 19.00% 47.78% 11.75% 12.34% 10.74% -
Russell 1000® Value Index 17.05% 43.68% 12.42% 11.87% 11.61% 7.23%

Fund Expense Ratio :

1.19%

Fund Expense Ratio :

1.19%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 09/28/2007
w/o sales charge 15.89% 39.53% 11.05% 10.65% 9.35% 7.40%
Lipper Category Avg. Multi-Cap Value Funds 19.00% 47.78% 11.75% 12.34% 10.74% -
Russell 1000® Value Index 17.05% 43.68% 12.42% 11.87% 11.61% 7.23%

Fund Expense Ratio :

1.19%

Year Fund Returns Russell 1000® Value Index
2020 2.44% 2.80%
2019 22.37% 26.54%
2018 -8.62% -8.27%
2017 12.63% 13.66%
2016 15.52% 17.34%
2015 -3.40% -3.83%
2014 6.74% 13.45%
2013 36.49% 32.53%
2012 10.52% 17.51%
2011 -4.06% 0.39%
2010 19.01% -
2009 25.73% -
2008 -28.91% -
2007 7.38% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 10.31% 5.06% - - 16.74%
2020 -26.94% 16.45% 4.31% 15.43% 2.44%
2019 10.81% 2.12% 1.83% 6.20% 22.37%
2018 -2.51% -0.56% 6.16% -11.21% -8.62%
2017 1.41% 2.17% 3.10% 5.44% 12.63%
2016 -0.43% 4.59% 3.81% 6.86% 15.52%
2015 -0.45% 0.76% -8.85% 5.66% -3.40%
2014 0.20% 2.77% 0.00% 3.66% 6.74%
2013 13.35% 3.52% 6.08% 9.65% 36.49%
2012 11.33% -6.96% 5.15% 1.47% 10.52%
2011 6.47% -0.95% -19.60% 13.15% -4.06%
2010 6.39% -10.79% 10.54% 13.45% 19.01%
2009 -8.61% 12.99% 16.12% 4.86% 25.73%
2008 -7.54% 1.15% -8.41% -17.01% -28.91%
2007 2.15% 5.75% 2.08% -2.62% 7.38%

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 06/30/2021

Total Net Assets
$1.92 B
Number of Holdings
71
Weighted Average Market Cap.
219.9 B
P/B Ratio
2.6x
P/E Ratio
19.6x

Contributors & Detractors as of  06/30/2021

Contributors

Holding Contribution
Blackstone Group Inc 0.4%
Alphabet Inc 0.4%
Morgan Stanley 0.4%
American Express Co. 0.3%
Caesars Entertainment Inc 0.3%

Detractors

Holding Contribution
Aercap Holdings Nv -0.3%
Reliance Steel & Aluminum Co. -0.1%
Allison Transmission Holdings Inc -0.1%
Equitable Hldgs Inc -0.1%
Vertex Pharmaceuticals Inc 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 07/27/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/23/2020 11/24/2020 11/24/2020 $0.18360 $11.68

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 $11.35

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 06/30/2021

1.19%

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