Fundamental Equity Fund
Daily price w/o sales charge as of 08/22/2017
$13.40
$0.11
YTD Returns w/o sales charge as of 08/22/2017
3.55%
Overall Morningstar RatingsLarge Value
as of 07/31/2017
Morningstar rated the Lord Abbett Fundamental Equity Fund class A share 3, 3 and 4 stars among 1100, 940 and 682 Large Value Funds for the overall rating and the 3, 5 and 10 year periods ended 7/31/2017, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.
Fund Basicsas of 07/31/2017
- Total Net Assets
- $2.70 B
- Inception Date
- 07/15/1996
- Dividend Frequency
- Annually
- Number of Holdings
- 86
- CUSIP
- 543915862
- Minimum Initial Investment
- $1,500+
Expense Ratioas of 07/31/2017
Yield
12-Month Dividend Yield 1 as of 08/22/2017
| w/o sales charge | 1.45% |
| w/ sales charge | 1.37% |
30-Day Standardized Yield 2 as of 07/31/2017
| 1.02% |
Fund Expense Ratio :
0.98%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/15/1996 |
|---|
| w/o sales charge | 4.71% | 13.21% | 7.48% | 12.72% | 7.16% | 9.85% |
| Lipper Category Avg. Large-Cap Value Funds | 7.03% | 15.74% | 7.49% | 13.03% | 5.49% | - |
| Russell 1000® Value Index | 6.05% | 13.76% | 8.45% | 14.00% | 6.21% | 9.08% |
| w/ sales charge | -1.31% | 6.69% | 5.38% | 11.39% | 6.53% | 9.54% |
Fund Expense Ratio :
0.98%
Fund Expense Ratio :
0.98%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/15/1996 |
|---|
| w/o sales charge | 3.79% | 15.23% | 6.47% | 12.68% | 6.75% | 9.85% |
| Lipper Category Avg. Large-Cap Value Funds | 5.52% | 17.93% | 6.43% | 12.90% | 4.84% | - |
| Russell 1000® Value Index | 4.66% | 15.53% | 7.36% | 13.94% | 5.57% | 9.05% |
| w/ sales charge | -2.18% | 8.59% | 4.40% | 11.34% | 6.12% | 9.54% |
Fund Expense Ratio :
0.98%
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 of future results.
RELATED CONTENT
TEN LARGEST HOLDINGS as of 07/31/2017View Portfolio
| Holding | Assets |
|---|---|
| JPMorgan Chase & Co. | 4.1% |
| Johnson & Johnson, Inc. | 3.2% |
| Citigroup, Inc. | 2.9% |
| Chevron Corp. | 2.8% |
| Bank of America Corp. | 2.6% |
| NextEra Energy, Inc. | 2.5% |
| AT&T, Inc. | 2.4% |
| Dow Chemical Co. | 2.1% |
| Oracle Corp. | 2.1% |
| Exxon Mobil Corp. | 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 07/31/2017View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Consumer Discretionary | |
| Telecommunication Services | |
| Utilities | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials | |
| Real Estate |
INVESTMENT TEAM
Your Representative
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Performance
Performance
12-Month Dividend Yield 1 as of 08/22/2017
| w/o sales charge | 1.45% |
| w/ sales charge | 1.37% |
30-Day Standardized Yield 2 as of 07/31/2017
| Subsidized5 | Un-Subsidized6 | |
|---|---|---|
| w/o sales charge | 1.02% | - |
In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.
Fund Expense Ratio :
0.98%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/15/1996 |
|---|
| w/o sales charge | 4.71% | 13.21% | 7.48% | 12.72% | 7.16% | 9.85% |
| Lipper Category Avg. Large-Cap Value Funds | 7.03% | 15.74% | 7.49% | 13.03% | 5.49% | - |
| Russell 1000® Value Index | 6.05% | 13.76% | 8.45% | 14.00% | 6.21% | 9.08% |
| w/ sales charge | -1.31% | 6.69% | 5.38% | 11.39% | 6.53% | 9.54% |
Fund Expense Ratio :
0.98%
Fund Expense Ratio :
0.98%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 07/15/1996 |
|---|
| w/o sales charge | 3.79% | 15.23% | 6.47% | 12.68% | 6.75% | 9.85% |
| Lipper Category Avg. Large-Cap Value Funds | 5.52% | 17.93% | 6.43% | 12.90% | 4.84% | - |
| Russell 1000® Value Index | 4.66% | 15.53% | 7.36% | 13.94% | 5.57% | 9.05% |
| w/ sales charge | -2.18% | 8.59% | 4.40% | 11.34% | 6.12% | 9.54% |
Fund Expense Ratio :
0.98%
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 of future results.
Best returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | 23.37 | 27.62 |
| 1-Yr | 49.78 | 56.49 |
Worst returns
| Durations | Fund Returns | Blended Index |
|---|
| 3-Mo | -26.62 | -28.88 |
| 1-Yr | -35.12 | -47.35 |
Best & Worst returns reflect a cumulative return for the three-month and one-year periods.
| Year | Fund Returns | Russell 1000® Value Index |
|---|
| 2016 | 15.74% | 17.34% |
| 2015 | -3.14% | -3.83% |
| 2014 | 6.93% | 13.45% |
| 2013 | 36.63% | 32.53% |
| 2012 | 10.74% | 17.51% |
| 2011 | -3.92% | 0.39% |
| 2010 | 19.21% | 15.51% |
| 2009 | 25.86% | 19.69% |
| 2008 | -28.75% | -36.85% |
| 2007 | 7.48% | -0.17% |
| 2006 | 13.64% | - |
| 2005 | 5.48% | - |
| 2004 | 15.61% | - |
| 2003 | 31.93% | - |
| 2002 | -14.41% | - |
| 2001 | -4.20% | - |
| 2000 | 9.27% | - |
| 1999 | 20.29% | - |
| 1998 | 15.47% | - |
| 1997 | 27.70% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2017 | 1.55% | 2.21% | - | - | 3.55% |
| 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 | 4.1% |
| Johnson & Johnson, Inc. | Health Care | 3.2% |
| Citigroup, Inc. | Financials | 2.9% |
| Chevron Corp. | Energy | 2.8% |
| Bank of America Corp. | Financials | 2.6% |
| NextEra Energy, Inc. | Utilities | 2.5% |
| AT&T, Inc. | Telecommunication Services | 2.4% |
| Dow Chemical Co. | Materials | 2.1% |
| Oracle Corp. | Information Technology | 2.1% |
| Exxon Mobil Corp. | 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 | 4.0% |
| Johnson & Johnson, Inc. | Health Care | 3.2% |
| Citigroup, Inc. | Financials | 2.8% |
| Exxon Mobil Corp. | Energy | 2.6% |
| Bank of America Corp. | Financials | 2.5% |
| Chevron Corp. | Energy | 2.4% |
| NextEra Energy, Inc. | Utilities | 2.4% |
| AT&T, Inc. | Telecommunication Services | 2.2% |
| Oracle Corp. | Information Technology | 2.1% |
| Dow Chemical Co. | Materials | 2.0% |
| General Dynamics Corp. | Industrials | 2.0% |
| ACE Ltd. | Financials | 1.9% |
| Allstate Corp. | Financials | 1.9% |
| Abbott Laboratories | Health Care | 1.9% |
| Aetna, Inc. | Health Care | 1.6% |
| Merck & Co., Inc. | Health Care | 1.6% |
| Duke Energy Corp. | Utilities | 1.6% |
| East West Bancorp, Inc. | Financials | 1.5% |
| Carnival Corp. | Consumer Discretionary | 1.5% |
| Citizens Financial Group, Inc. | Financials | 1.5% |
| PepsiCo, Inc. | Consumer Staples | 1.4% |
| Mondelez International, Inc. | Consumer Staples | 1.4% |
| EOG Resources, Inc. | Energy | 1.4% |
| Thermo Fisher Scientific, Inc. | Health Care | 1.3% |
| UnitedHealth Group, Inc. | Health Care | 1.3% |
| Invesco Ltd. | Financials | 1.2% |
| Cisco Systems, Inc. | Information Technology | 1.2% |
| Microsoft Corp. | Information Technology | 1.2% |
| Honeywell International, Inc. | Industrials | 1.2% |
| Johnson Controls International plc | Industrials | 1.2% |
| Comcast Corp. | Consumer Discretionary | 1.2% |
| Walt Disney Co. | Consumer Discretionary | 1.2% |
| Apple, Inc. | Information Technology | 1.1% |
| Pfizer, Inc. | Health Care | 1.1% |
| Yum! Brands, Inc. | Consumer Discretionary | 1.1% |
| Boston Properties, Inc. | Real Estate | 1.1% |
| Signature Bank | Financials | 1.0% |
| Sempra Energy | Utilities | 1.0% |
| Comerica, Inc. | Financials | 1.0% |
| Fidelity National Information Services, Inc. | Information Technology | 1.0% |
| ConocoPhillips Co. | Energy | 1.0% |
| General Electric Co. | Industrials | 1.0% |
| Charles Schwab & Co., Inc. | Financials | 1.0% |
| Vornado Realty Trust | Real Estate | 1.0% |
| Halliburton Co. | Energy | 1.0% |
| Devon Energy Corp. | Energy | 0.9% |
| Hartford Financial Services Group, Inc. | Financials | 0.9% |
| CSX Corp. | Industrials | 0.9% |
| AMETEK, Inc. | Industrials | 0.9% |
| Delta Air Lines, Inc. | Industrials | 0.9% |
| Packaging Corp. of America | Materials | 0.9% |
| Boston Scientific Corp. | Health Care | 0.8% |
| Coca-Cola Co. | Consumer Staples | 0.8% |
| Webster Financial Corp. | Financials | 0.8% |
| Lennar Corp. | Consumer Discretionary | 0.8% |
| American International Group, Inc. | Financials | 0.8% |
| Lowe's Cos, Inc. | Consumer Discretionary | 0.8% |
| Goldman Sachs Group, Inc. | Financials | 0.8% |
| Dover Corp. | Industrials | 0.8% |
| Allergan plc | Health Care | 0.7% |
| Colgate-Palmolive Co. | Consumer Staples | 0.7% |
| Novartis AG Registered Shares | Health Care | 0.7% |
| Corning, Inc. | Information Technology | 0.7% |
| ProLogis, Inc. | Real Estate | 0.7% |
| Paccar, Inc. | Industrials | 0.7% |
| Reliance Steel & Aluminum Co. | Materials | 0.6% |
| Broadcom Ltd. | Information Technology | 0.6% |
| Wells Fargo & Co. | Financials | 0.6% |
| Discover Financial Services | Financials | 0.6% |
| Clorox Co. | Consumer Staples | 0.6% |
| Kraft Heinz Co. | Consumer Staples | 0.6% |
| Philip Morris International, Inc. | Consumer Staples | 0.5% |
| Altria Group, Inc. | Consumer Staples | 0.5% |
| Procter & Gamble Co. | Consumer Staples | 0.5% |
| Intel Corp. | Information Technology | 0.5% |
| Alphabet, Inc. | Information Technology | 0.5% |
| Global Payments, Inc. | Information Technology | 0.4% |
| Wal-Mart Stores, Inc. | Consumer Staples | 0.4% |
| ITT, Inc. | Industrials | 0.4% |
| Celgene Corp. | Health Care | 0.4% |
| Envision Healthcare Corp. | Health Care | 0.4% |
| Microchip Technology, Inc. | Information Technology | 0.3% |
| Burlington Stores, Inc. | Consumer Discretionary | 0.3% |
| CVS Caremark Corp. | Consumer Staples | 0.3% |
| Amgen, Inc. | Health Care | 0.3% |
| Range Resources Corp. | Energy | 0.2% |
| Caterpillar, Inc. | Industrials | 0.2% |
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 07/31/2017
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Consumer Discretionary | 0.0% | |
| Telecommunication Services |
0.2%
|
|
| Utilities |
0.2%
|
|
| Consumer Staples |
 0.1%
|
|
| Energy |
0.3%
|
|
| Financials |
0.3%
|
|
| Health Care |
0.4%
|
|
| Industrials |
0.4%
|
|
| Information Technology |
0.1%
|
|
| Materials | 0.0% | |
| Real Estate | 0.0% |
PORTFOLIO DETAILS as of 07/31/2017
- Weighted Average Market Cap.
- 132.8 B
- P/E Ratio
- 20.9x
- P/B Ratio
- 2.2x
- Portfolio Turnover Ratio as of 10/31/2016
- 135.1%
- Number of Holdings
- 86
- Total Net Assets
- $2.70 B
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.
Contributors & Detractors as of 06/30/2017
Contributors
| Holding | Contribution |
|---|---|
| Aetna, Inc. | 0.3% |
| Citigroup, Inc. | 0.3% |
| Oracle Corp. | 0.2% |
| Johnson & Johnson, Inc. | 0.2% |
| NextEra Energy, Inc. | 0.2% |
Detractors
| Holding | Contribution |
|---|---|
| Devon Energy Corp. | -0.3% |
| AT&T, Inc. | -0.2% |
| Halliburton Co. | -0.2% |
| Anadarko Petroleum Corp. | -0.1% |
| General Electric Co. | -0.1% |
% Contribution reflects the effect of the individual stock's performance on the Fund's overall performance for the period. Individual holdings and their effect on Fund performance may change significantly over time. Investors should consider the overall performance of the Fund before making a decision on whether or not to invest in the Fund.
Attribution Analysis
| Fundamental Equity Fund | Benchmark | Variance | |||||
|---|---|---|---|---|---|---|---|
| Sector | Avg. Weight | Base Return | Avg. Weight | Base Return | Stock Selection | Group Weight | Total |
The total base return displayed for the Fund does not capture daily cash flow and trading activity and therefore is subject to reasonable variance from the Fund's actual return. Please refer to Lord Abbett Fundamental Equity Fund Performance Results for the Fund's longer-term returns. The Fund is actively managed and portfolio characteristics, such as individual holdings and sector weightings, may change significantly over time.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 08/22/2017
- $0
- Dividend Frequency
- Annually
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 11/21/2016 | 11/22/2016 | 11/22/2016 | $0.19470 | $12.54 |
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 |
|---|---|---|
| 11/20/2017 | 11/21/2017 | 11/21/2017 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/21/2016 | 11/22/2016 | $0.4669 | - | $0.4669 | $12.54 |
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.
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 |
|---|---|
| 11/20/2017 | 11/21/2017 |
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 08/22/2017
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $50,000 | 5.75% | 5.00% | $14.22 |
| $50,000 to $99,999 | 4.75% | 4.00% | $14.07 |
| $100,000 to $249,999 | 3.95% | 3.25% | $13.95 |
| $250,000 to $499,999 | 2.75% | 2.25% | $13.78 |
| $500,000 to $999,999 | 1.95% | 1.75% | $13.67 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $13.40 |
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 07/31/2017
Fund Documents
Fund Documents
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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