LAVSX | Fundamental Equity Fund Class R4 | Lord Abbett

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(as of 12/05/2015)

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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 10/31/2022

Total Net Assets
$1.96 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 12/06/2022  

w/o sales charge 1.22%

30-Day Standardized Yield 2 as of 11/30/2022  

0.88%

Fund Expense Ratio :

0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -5.13% 0.66% 8.78% 7.40% 10.28% -
Lipper Category Avg. Multi-Cap Value Funds -2.69% 3.41% 9.34% 7.95% 10.68% -
Russell 1000® Value Index -3.65% 2.42% 8.40% 7.86% 10.97% -

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 -19.05% -11.34% 4.43% 4.92% 8.54% -
Lipper Category Avg. Multi-Cap Value Funds -17.16% -10.82% 5.25% 5.34% 8.81% -
Russell 1000® Value Index -17.75% -11.36% 4.36% 5.29% 9.17% -

Fund Expense Ratio :

0.96%

TEN LARGEST HOLDINGS as of 10/31/2022View Portfolio

Holding Assets
UnitedHealth Group Inc 3.1%
Pfizer Inc 2.7%
Raytheon Technologies Corp 2.6%
JPMorgan Chase & Co 2.5%
Schlumberger Ltd 2.4%
Shell PLC 2.3%
Ameriprise Financial Inc 2.2%
Chesapeake Energy Corp 2.2%
Procter & Gamble Co/The 2.2%
Pioneer Natural Resources 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 12/06/2022  

w/o sales charge 1.22%

30-Day Standardized Yield 2 as of 11/30/2022  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.88% 0.88%

Fund Expense Ratio :

0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception
w/o sales charge -5.13% 0.66% 8.78% 7.40% 10.28% -
Lipper Category Avg. Multi-Cap Value Funds -2.69% 3.41% 9.34% 7.95% 10.68% -
Russell 1000® Value Index -3.65% 2.42% 8.40% 7.86% 10.97% -

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 -19.05% -11.34% 4.43% 4.92% 8.54% -
Lipper Category Avg. Multi-Cap Value Funds -17.16% -10.82% 5.25% 5.34% 8.81% -
Russell 1000® Value Index -17.75% -11.36% 4.36% 5.29% 9.17% -

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% -13.50% -4.05% - -8.04%
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 9/30/2022

  • 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 JPMorgan Chase & Co., a financial holding company. We believe JPMorgan Chase & Co’s status as a high quality, diversified global money center bank is currently being undervalued by investors. We expect a multi-year improvement in operating leverage beginning in 2023 as they lower their recent pace of investment spending while benefiting from higher interest rates and peer-leading liquidity. We also forecast increasing capital flexibility as recent regulatory capital pressure normalizes.
  • We also initiated a position in shares of Charles Schwab Corp, a savings and loan holding company. Charles Schwab is a high-quality discount brokerage company with a long history of idiosyncratic and secular growth. The company is trading at a trough valuation as a result of the current macro conditions leading to what we believe are overly discounted perceived risks.
  • We sold the portfolio’s position in Blackstone Inc., a bank holding company. We exited our position in Blackstone due to increasing concerns regarding Blackstone Real Estate Income Trust. Given our positive longer-term view of alternative asset managers, we redeployed a portion of proceeds into KKR & Co Inc. at what we believe to be a more attractive valuation while reducing capital markets exposure in light of the current market environment.
  • We sold the portfolio’s position in Equitable Holdings, Inc, which engages in the provision of financial services. We opportunistically exited our position in favor of what we believe to be more attractive investment opportunities.

PORTFOLIO DETAILS as of 10/31/2022

Total Net Assets
$1.96 B
Number of Holdings
63
Weighted Average Market Cap.
162.8 B
P/B Ratio
2.9x
P/E Ratio
15.5x

Contributors & Detractors as of  09/30/2022

Contributors

Holding Contribution
Chesapeake Energy Corp 0.4%
Bjs Whsl Club Hldgs Inc 0.3%
EMCOR Group Inc 0.2%
Lowe's Cos Inc 0.1%
Charles Schwab & Co., Inc. 0.1%

Detractors

Holding Contribution
Organon & Co -0.7%
Pfizer, Inc. -0.5%
Comcast Corp. -0.4%
United Technologies Corp. -0.4%
Alphabet Inc -0.3%

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 12/06/2022
$0.146
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/21/2022 11/22/2022 11/22/2022 $0.14660 $12.22

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/21/2022 11/22/2022 $0.5099 - $0.5099 $12.22

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.

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 11/30/2022

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
Publish Date:11/03/2015
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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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