LAVSX | Fundamental Equity Fund Class R4 | 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 05/31/2022

Total Net Assets
$1.79 B
Inception Date
06/30/2015
Dividend Frequency
Annually
Fund Expense Ratio
0.96%
Number of Holdings
63

Yield

12-Month Dividend Yield 1 as of 06/24/2022  

w/o sales charge 1.17%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.75% 0.74%

Fund Expense Ratio :

0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -7.20% 2.22% 12.49% 8.82% 10.90% -
Lipper Category Avg. Multi-Cap Value Funds -3.67% 1.23% 13.50% 9.62% 11.53% -
Russell 1000® Value Index -4.52% 0.93% 12.75% 9.50% 12.06% -

Fund Expense Ratio :

0.96%

Fund Expense Ratio :

0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.47% 13.91% 12.65% 10.06% 10.35% -
Lipper Category Avg. Multi-Cap Value Funds -0.46% 11.74% 13.43% 10.42% 10.95% -
Russell 1000® Value Index -0.74% 11.67% 13.02% 10.29% 11.70% -

Fund Expense Ratio :

0.96%

TEN LARGEST HOLDINGS as of 05/31/2022View Portfolio

Holding Assets
UnitedHealth Group Inc 4.3%
Pfizer Inc 3.0%
Procter & Gamble Co/The 2.7%
Chesapeake Energy Corp 2.5%
Organon & Co 2.5%
Raytheon Technologies Corp 2.4%
Lockheed Martin Corp 2.3%
Shell PLC 2.3%
Comcast Corp 2.2%
Pioneer Natural Resources Co 2.2%

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 06/24/2022  

w/o sales charge 1.17%

30-Day Standardized Yield 2 as of 05/31/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.75% 0.74%

Fund Expense Ratio :

0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -7.20% 2.22% 12.49% 8.82% 10.90% -
Lipper Category Avg. Multi-Cap Value Funds -3.67% 1.23% 13.50% 9.62% 11.53% -
Russell 1000® Value Index -4.52% 0.93% 12.75% 9.50% 12.06% -

Fund Expense Ratio :

0.96%

Fund Expense Ratio :

0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -2.47% 13.91% 12.65% 10.06% 10.35% -
Lipper Category Avg. Multi-Cap Value Funds -0.46% 11.74% 13.43% 10.42% 10.95% -
Russell 1000® Value Index -0.74% 11.67% 13.02% 10.29% 11.70% -

Fund Expense Ratio :

0.96%

Year Fund Returns Russell 1000® Value Index
2021 28.95% 25.16%
2020 2.72% 2.80%
2019 22.69% 26.54%
2018 -8.47% -8.27%
2017 13.03% 13.66%
2016 15.72% 17.34%
2015 -3.12% -3.83%
2014 7.02% 13.45%
2013 36.78% 32.53%
2012 10.91% 17.51%
2011 -3.89% -
2010 19.24% -
2009 26.11% -
2008 -28.68% -
2007 7.56% -
2006 13.87% -
2005 5.53% -
2004 15.89% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -2.47% - - - -13.89%
2021 10.41% 5.05% 1.51% 9.53% 28.95%
2020 -26.91% 16.69% 4.24% 15.55% 2.72%
2019 10.86% 2.26% 1.88% 6.22% 22.69%
2018 -2.48% -0.56% 6.32% -11.22% -8.47%
2017 1.55% 2.22% 3.14% 5.58% 13.03%
2016 -0.43% 4.70% 3.84% 6.90% 15.72%
2015 -0.43% 0.83% -8.80% 5.81% -3.12%
2014 0.20% 2.92% 0.00% 3.78% 7.02%
2013 13.42% 3.47% 6.19% 9.76% 36.78%
2012 11.46% -6.93% 5.25% 1.58% 10.91%
2011 6.57% -0.93% -19.61% 13.24% -3.89%
2010 6.35% -10.65% 10.53% 13.54% 19.24%
2009 -8.60% 13.06% 16.22% 5.00% 26.11%
2008 -7.47% 1.26% -8.39% -16.91% -28.68%
2007 2.20% 5.77% 2.17% -2.61% 7.56%
2006 7.63% -0.14% 1.19% 4.69% 13.87%
2005 -1.97% -0.23% 5.95% 1.84% 5.53%
2004 - - - 11.06% 15.89%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 3/31/2022

  • 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 Allstate Corporation, an insurance company. Auto insurance margins have suffered due to increases in accident frequency as the economy reopens as well as increased claims costs mostly attributable to inflation. Allstate’s management is undertaking pricing actions that we expect will be sufficient to restore profitability over the medium-term. We believe the market underappreciates improvements in the business profile from the sale of their life insurance business and the expansion of protection services.
  • We also initiated a position in shares of Schlumberger NV, which engages in the provision of technology for reservoir characterization, drilling, production and processing to the oil and gas industry. Schlumberger is the world’s largest oilfield services provider by revenue and meets a wide array of needs for a variety of upstream-focused customers. We believe Schlumberger is well positioned for the current environment given its lower mix of commoditized businesses and offerings to help increase the digitization of the oil field.
  • We sold the Fund’s position in Western Alliance Bancorp, a bank holding company, following the acquisition of AmeriHome. We saw a change in the business model that was inconsistent with our expectations.
  • We sold the Fund’s position in PPG Industries, Inc. The company faced supply chain challenges and rising input cost pressures. We believe these headwinds are likely to persist longer than expected and we exited our position.

PORTFOLIO DETAILS as of 05/31/2022

Total Net Assets
$1.79 B
Number of Holdings
63
Weighted Average Market Cap.
173.7 B
P/B Ratio
3.0x
P/E Ratio
14.5x

Contributors & Detractors as of  03/31/2022

Contributors

Holding Contribution
Pioneer Natural Resources Co 0.7%
Chesapeake Energy Corp 0.6%
Lockheed Martin Corp. 0.4%
Marathon Petroleum Corp. 0.4%
AbbVie, Inc. 0.3%

Detractors

Holding Contribution
General Motors Co. -0.5%
PPG Industries Inc -0.4%
Masco Corp. -0.4%
First Citizens BancShares, Inc -0.4%
Aercap Holdings Nv -0.4%

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 06/24/2022
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/22/2021 11/23/2021 11/23/2021 $0.13890 $13.57

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 $13.57

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 05/31/2022

0.96%

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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