Fundamental Equity Fund
Daily price w/o sales charge as of 06/09/2023
$12.10
$0.04
YTD Returns w/o sales charge as of 06/09/2023
1.77%
Please click here for performance current to the most recent quarter-end and month-end.
Portfolio Details as of 04/28/2023
- Total Net Assets
- $1.91 B
To view definitions for the above Portfolio Details, Click here.
Summary
Summary
Fund Basicsas of 04/28/2023
- Total Net Assets
- $1.91 B
- Inception Date
- 07/15/1996
- Dividend Frequency
- Annually
- Fund Gross Expense Ratio
- 0.96%
- Fund Net Expense Ratio
- 0.96%
- Number of Holdings
- 63
- Minimum Initial Investment
- $1,500+
Yield
12-Month Dividend Yield 1 as of 06/09/2023
| w/o sales charge | 1.19% |
| w/ sales charge | 1.12% |
30-Day Standardized Yield 2 as of 05/31/2023 |
0.93% |
Fund Expense Ratio :
Gross 0.96%
Net 0.96%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/15/1996 |
|---|
| w/o sales charge | -1.77% | -4.12% | 11.47% | 6.32% | 7.53% | 9.07% |
| Lipper Category Avg. Multi-Cap Value Funds | -1.45% | -4.69% | 12.87% | 6.59% | 8.09% | - |
| Russell 1000® Value Index | -1.43% | -4.55% | 11.63% | 6.78% | 8.42% | 8.56% |
| w/ sales charge | -7.45% | -9.61% | 9.29% | 5.07% | 6.90% | 8.83% |
Fund Expense Ratio :
Gross 0.96%
Net 0.96%
Fund Expense Ratio :
Gross 0.96%
Net 0.96%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/15/1996 |
|---|
| w/o sales charge | 0.17% | -7.01% | 18.00% | 6.72% | 8.22% | 9.21% |
| Lipper Category Avg. Multi-Cap Value Funds | 1.15% | -5.31% | 19.71% | 7.41% | 8.90% | - |
| Russell 1000® Value Index | 1.01% | -5.91% | 17.93% | 7.50% | 9.13% | 8.71% |
| w/ sales charge | -5.63% | -12.34% | 15.71% | 5.46% | 7.58% | 8.97% |
Fund Expense Ratio :
Gross 0.96%
Net 0.96%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
TEN LARGEST HOLDINGS as of 04/28/2023View Portfolio
| Holding | Assets |
|---|---|
| JPMorgan Chase & Co | 3.3% |
| Shell PLC | 2.5% |
| Alphabet Inc | 2.3% |
| Raytheon Technologies Corp | 2.3% |
| UnitedHealth Group Inc | 2.3% |
| Microsoft Corp | 2.2% |
| Organon & Co | 2.2% |
| AbbVie Inc | 2.1% |
| Allstate Corp/The | 2.0% |
| Schlumberger NV | 2.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 04/28/2023View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Utilities | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
INVESTMENT TEAM
Your Representative
To contact your representative, enter your zip code and select your channel below.
Performance
Performance
12-Month Dividend Yield 1 as of 06/09/2023
| w/o sales charge | 1.19% |
| w/ sales charge | 1.12% |
30-Day Standardized Yield 2 as of 05/31/2023
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 0.93% | 0.93% |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
Gross 0.96%
Net 0.96%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/15/1996 |
|---|
| w/o sales charge | -1.77% | -4.12% | 11.47% | 6.32% | 7.53% | 9.07% |
| Lipper Category Avg. Multi-Cap Value Funds | -1.45% | -4.69% | 12.87% | 6.59% | 8.09% | - |
| Russell 1000® Value Index | -1.43% | -4.55% | 11.63% | 6.78% | 8.42% | 8.56% |
| w/ sales charge | -7.45% | -9.61% | 9.29% | 5.07% | 6.90% | 8.83% |
Fund Expense Ratio :
Gross 0.96%
Net 0.96%
Fund Expense Ratio :
Gross 0.96%
Net 0.96%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/15/1996 |
|---|
| w/o sales charge | 0.17% | -7.01% | 18.00% | 6.72% | 8.22% | 9.21% |
| Lipper Category Avg. Multi-Cap Value Funds | 1.15% | -5.31% | 19.71% | 7.41% | 8.90% | - |
| Russell 1000® Value Index | 1.01% | -5.91% | 17.93% | 7.50% | 9.13% | 8.71% |
| w/ sales charge | -5.63% | -12.34% | 15.71% | 5.46% | 7.58% | 8.97% |
Fund Expense Ratio :
Gross 0.96%
Net 0.96%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| Year | Fund Returns | Russell 1000® Value Index |
|---|
| 2022 | -9.45% | -7.54% |
| 2021 | 29.02% | 25.16% |
| 2020 | 2.64% | 2.80% |
| 2019 | 22.76% | 26.54% |
| 2018 | -8.45% | -8.27% |
| 2017 | 12.97% | 13.66% |
| 2016 | 15.74% | 17.34% |
| 2015 | -3.14% | -3.83% |
| 2014 | 6.93% | 13.45% |
| 2013 | 36.63% | 32.53% |
| 2012 | 10.74% | - |
| 2011 | -3.92% | - |
| 2010 | 19.21% | - |
| 2009 | 25.86% | - |
| 2008 | -28.75% | - |
| 2007 | 7.48% | - |
| 2006 | 13.64% | - |
| 2005 | 5.48% | - |
| 2004 | 15.61% | - |
| 2003 | 31.93% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2023 | 0.17% | - | - | - | 1.77% |
| 2022 | -2.46% | -13.49% | -4.03% | 11.81% | -9.45% |
| 2021 | 10.44% | 5.10% | 1.43% | 9.59% | 29.02% |
| 2020 | -26.90% | 16.57% | 4.31% | 15.47% | 2.64% |
| 2019 | 10.90% | 2.16% | 1.96% | 6.27% | 22.76% |
| 2018 | -2.47% | -0.55% | 6.29% | -11.19% | -8.45% |
| 2017 | 1.55% | 2.21% | 3.13% | 5.54% | 12.97% |
| 2016 | -0.42% | 4.69% | 3.83% | 6.93% | 15.74% |
| 2015 | -0.45% | 0.82% | -8.73% | 5.73% | -3.14% |
| 2014 | 0.20% | 2.87% | 0.00% | 3.74% | 6.93% |
| 2013 | 13.37% | 3.49% | 6.15% | 9.70% | 36.63% |
| 2012 | 11.31% | -6.90% | 5.18% | 1.59% | 10.74% |
| 2011 | 6.50% | -0.94% | -19.59% | 13.26% | -3.92% |
| 2010 | 6.44% | -10.72% | 10.55% | 13.47% | 19.21% |
| 2009 | -8.56% | 12.91% | 16.14% | 4.96% | 25.86% |
| 2008 | -7.52% | 1.24% | -8.38% | -16.94% | -28.75% |
| 2007 | 2.19% | 5.79% | 2.10% | -2.62% | 7.48% |
| 2006 | 7.63% | -0.24% | 1.18% | 4.59% | 13.64% |
| 2005 | -2.00% | -0.17% | 5.87% | 1.84% | 5.48% |
| 2004 | 3.22% | 1.38% | -0.36% | 10.88% | 15.61% |
| 2003 | -3.21% | 15.84% | 2.98% | 14.27% | 31.93% |
| 2002 | 3.62% | -8.89% | -14.47% | 6.00% | -14.41% |
| 2001 | -7.84% | 5.38% | -8.91% | 8.29% | -4.20% |
| 2000 | -1.63% | -2.39% | 6.22% | 7.14% | 9.27% |
| 1999 | 3.62% | 10.89% | -6.04% | 11.41% | 20.29% |
| 1998 | 10.30% | -0.68% | -11.22% | 18.71% | 15.47% |
| 1997 | 1.97% | 14.32% | 6.43% | 2.93% | 27.70% |
| 1996 | - | - | - | 8.70% | 18.60% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| JPMorgan Chase & Co | Financials | 3.3% |
| Shell PLC | Energy | 2.5% |
| Alphabet Inc | Communication Services | 2.3% |
| Raytheon Technologies Corp | Industrials | 2.3% |
| UnitedHealth Group Inc | Health Care | 2.3% |
| Microsoft Corp | Information Technology | 2.2% |
| Organon & Co | Health Care | 2.2% |
| AbbVie Inc | Health Care | 2.1% |
| Allstate Corp/The | Financials | 2.0% |
| Schlumberger NV | Energy | 2.0% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Sector | Assets |
|---|
| JPMorgan Chase & Co | Financials | 3.3% |
| Shell PLC | Energy | 2.5% |
| Raytheon Technologies Corp | Industrials | 2.3% |
| Alphabet Inc | Communication Services | 2.3% |
| UnitedHealth Group Inc | Health Care | 2.3% |
| Organon & Co | Health Care | 2.2% |
| Microsoft Corp | Information Technology | 2.2% |
| AbbVie Inc | Health Care | 2.1% |
| Schlumberger NV | Energy | 2.0% |
| Allstate Corp/The | Financials | 2.0% |
| Fiserv Inc | Financials | 2.0% |
| Parker-Hannifin Corp | Industrials | 2.0% |
| Adobe Inc | Information Technology | 1.9% |
| Chesapeake Energy Corp | Energy | 1.9% |
| Pioneer Natural Resources Co | Energy | 1.9% |
| Pfizer Inc | Health Care | 1.9% |
| RenaissanceRe Holdings Ltd | Financials | 1.8% |
| EMCOR Group Inc | Industrials | 1.8% |
| Wells Fargo & Co | Financials | 1.8% |
| Carlsberg AS | Consumer Staples | 1.7% |
| AerCap Holdings NV | Industrials | 1.7% |
| Morgan Stanley | Financials | 1.7% |
| BJ's Wholesale Club Holdings Inc | Consumer Staples | 1.7% |
| Micron Technology Inc | Information Technology | 1.7% |
| Arthur J Gallagher & Co | Financials | 1.7% |
| Comcast Corp | Communication Services | 1.7% |
| Arch Capital Group Ltd | Financials | 1.7% |
| Charles Schwab Corp/The | Financials | 1.6% |
| Expeditors International of Washington Inc | Industrials | 1.6% |
| Masco Corp | Industrials | 1.6% |
| Valvoline Inc | Consumer Discretionary | 1.6% |
| Lockheed Martin Corp | Industrials | 1.6% |
| Target Corp | Consumer Staples | 1.6% |
| T-Mobile US Inc | Communication Services | 1.5% |
| PayPal Holdings Inc | Financials | 1.5% |
| General Motors Co | Consumer Discretionary | 1.5% |
| Laboratory Corp of America Holdings | Health Care | 1.5% |
| NetApp Inc | Information Technology | 1.5% |
| Ameriprise Financial Inc | Financials | 1.5% |
| American Express Co | Financials | 1.5% |
| Thermo Fisher Scientific Inc | Health Care | 1.4% |
| Norfolk Southern Corp | Industrials | 1.4% |
| KKR & Co Inc | Financials | 1.4% |
| Molina Healthcare Inc | Health Care | 1.4% |
| Texas Instruments Inc | Information Technology | 1.3% |
| Caesars Entertainment Inc | Consumer Discretionary | 1.3% |
| NextEra Energy Inc | Utilities | 1.3% |
| McKesson Corp | Health Care | 1.3% |
| CVS Health Corp | Health Care | 1.2% |
| Teledyne Technologies Inc | Information Technology | 1.2% |
| AutoZone Inc | Consumer Discretionary | 1.2% |
| Lowe's Cos Inc | Consumer Discretionary | 1.1% |
| Builders FirstSource Inc | Industrials | 1.1% |
| Becton Dickinson & Co | Health Care | 1.1% |
| Procter & Gamble Co/The | Consumer Staples | 1.0% |
| Prologis Inc | Real Estate | 1.0% |
| KLA Corp | Information Technology | 1.0% |
| Reliance Steel & Aluminum Co | Materials | 1.0% |
| CBRE Group Inc | Real Estate | 1.0% |
| FirstEnergy Corp | Utilities | 1.0% |
| American Homes 4 Rent | Real Estate | 0.9% |
| Dow Inc | Materials | 0.8% |
| Alcoa Corp | Materials | 0.5% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 04/28/2023
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 0.1%
|
|
| Real Estate |
0.1%
|
|
| Utilities | 0.0% | |
| Consumer Discretionary |
1.9%
|
|
| Consumer Staples |
1.5%
|
|
| Energy |
0.3%
|
|
| Financials |
3.4%
|
|
| Health Care |
0.1%
|
|
| Industrials | 0.0% | |
| Information Technology |
3.4%
|
|
| Materials |
0.2%
|
PORTFOLIO DETAILS as of 04/28/2023
- Total Net Assets
- $1.91 B
- Number of Holdings
- 63
- Weighted Average Market Cap.
- 177.9 B
- P/B Ratio
- 2.8x
- P/E Ratio
- 17.1x
To view definitions for the above Portfolio Details, Click here.
Market Capitalization Breakdown - Morningstar separates stock portfolio holdings into five market-capitalization groups: Giant, Large, Mid, Small, and Micro. Of the 5000 largest domestic stocks in their equities database, the top 1% are categorized as Giant, the next 4% are Large, the next 15% are Mid, the next 30% are Small, and the remaining 50% are Micro. Stocks outside of the largest 5000 are also classified as Micro.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 06/09/2023
- $0
- Dividend Frequency
- Annually
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 11/21/2022 | 11/22/2022 | 11/22/2022 | $0.14420 | $12.29 |
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 |
|---|---|---|
| 11/20/2023 | 11/21/2023 | 11/21/2023 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/21/2022 | 11/22/2022 | $0.5099 | - | $0.5099 | $12.29 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 06/09/2023
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $50,000 | 5.75% | 5.00% | $12.84 |
| $50,000 to $99,999 | 4.75% | 4.00% | $12.70 |
| $100,000 to $249,999 | 3.95% | 3.25% | $12.60 |
| $250,000 to $499,999 | 2.75% | 2.25% | $12.44 |
| $500,000 to $999,999 | 1.95% | 1.75% | $12.34 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $12.10 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.
EXPENSE RATIOas of 05/31/2023
| Fund Gross Expense Ratio | Fund Net Expense Ratio | |
|---|---|---|
| 0.96% | 0.96% |
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
|
||||
|
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
|
|||||