Lord Abbett Fundamental Equity Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
24.5%
1 yr return
26.7%
3 Yr Avg Return
9.6%
5 Yr Avg Return
11.4%
Net Assets
$1.81 B
Holdings in Top 10
26.0%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.94%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 73.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LAVSX - Profile
Distributions
- YTD Total Return 24.5%
- 3 Yr Annualized Total Return 9.6%
- 5 Yr Annualized Total Return 11.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 1.04%
- Dividend Yield 0.9%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLord Abbett Fundamental Equity Fund
-
Fund Family NameLORDABBETT
-
Inception DateApr 04, 2017
-
Shares OutstandingN/A
-
Share ClassR4
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeff Diamond
Fund Description
The Fund invests in equity securities of U.S. and multinational companies across all market capitalization ranges that the portfolio management team believes are undervalued by the market and are selling at reasonable prices in relation to the portfolio management team’s assessment of their potential or intrinsic value. Under normal conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities. The Fund normally invests at least 50% of its net assets in equity securities of large, established companies having a market capitalization within the range of companies in the Russell 1000® Index. The Fund seeks to invest in securities of companies that the portfolio management team believes are undervalued by the market and are selling at reasonable prices in relation to the portfolio management team’s assessment of their potential or intrinsic value.
Equity securities in which the Fund may invest include common stocks, preferred stocks, equity interests in trusts (including real estate investment trusts and privately offered trusts), partnerships, joint ventures, limited liability companies and vehicles with similar legal structures, other instruments convertible or exercisable into the foregoing, and other investments with similar economic characteristics.
The Fund may invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts (“ADRs”), and other similar depositary receipts. In addition to ADRs, the Fund generally defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.
The Fund may engage in active and frequent trading of its portfolio securities.
The investment team may also consider the risks and return potential presented by environmental, social, and governance (“ESG”) factors in investment decisions.The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
LAVSX - Performance
Return Ranking - Trailing
Period | LAVSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 24.5% | -12.3% | 48.1% | 8.52% |
1 Yr | 26.7% | -7.1% | 60.7% | 10.58% |
3 Yr | 9.6%* | -4.2% | 31.7% | 34.95% |
5 Yr | 11.4%* | 0.1% | 45.6% | 31.36% |
10 Yr | N/A* | 1.8% | 25.4% | 84.13% |
* Annualized
Return Ranking - Calendar
Period | LAVSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.1% | -16.9% | 46.1% | 16.78% |
2022 | -14.0% | -64.7% | 4.6% | 69.80% |
2021 | 14.5% | -44.2% | 57.5% | 59.00% |
2020 | 1.0% | -23.2% | 285.0% | 36.91% |
2019 | 10.4% | -21.4% | 48.5% | 91.84% |
Total Return Ranking - Trailing
Period | LAVSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 24.5% | -12.3% | 48.1% | 8.52% |
1 Yr | 26.7% | -7.1% | 60.7% | 10.58% |
3 Yr | 9.6%* | -4.2% | 31.7% | 34.95% |
5 Yr | 11.4%* | 0.1% | 45.6% | 31.36% |
10 Yr | N/A* | 1.8% | 25.4% | 81.41% |
* Annualized
Total Return Ranking - Calendar
Period | LAVSX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 13.1% | -15.9% | 46.7% | 33.74% |
2022 | -9.4% | -42.0% | 8.5% | 80.53% |
2021 | 29.0% | 3.6% | 129.7% | 19.77% |
2020 | 2.7% | -22.6% | 304.8% | 52.56% |
2019 | 22.7% | -12.7% | 52.1% | 80.99% |
NAV & Total Return History
LAVSX - Holdings
Concentration Analysis
LAVSX | Category Low | Category High | LAVSX % Rank | |
---|---|---|---|---|
Net Assets | 1.81 B | 126 K | 163 B | 37.38% |
Number of Holdings | 58 | 2 | 1727 | 71.78% |
Net Assets in Top 10 | 527 M | 466 K | 39.5 B | 39.81% |
Weighting of Top 10 | 25.95% | 4.4% | 99.1% | 59.93% |
Top 10 Holdings
- JPMorgan Chase Co 4.33%
- Alphabet Inc 2.93%
- Shell PLC 2.67%
- Diamondback Energy Inc 2.65%
- Wells Fargo Co 2.39%
- KKR Co Inc 2.32%
- UnitedHealth Group Inc 2.30%
- AbbVie Inc 2.22%
- Charles Schwab Corp/The 2.11%
- RTX Corp 2.04%
Asset Allocation
Weighting | Return Low | Return High | LAVSX % Rank | |
---|---|---|---|---|
Stocks | 99.36% | 4.16% | 102.49% | 25.05% |
Other | 0.66% | -2.59% | 39.89% | 12.24% |
Preferred Stocks | 0.00% | 0.00% | 13.68% | 63.64% |
Convertible Bonds | 0.00% | 0.00% | 3.66% | 61.22% |
Cash | 0.00% | 0.00% | 17.28% | 99.16% |
Bonds | 0.00% | 0.00% | 97.99% | 63.18% |
Stock Sector Breakdown
Weighting | Return Low | Return High | LAVSX % Rank | |
---|---|---|---|---|
Financial Services | 20.27% | 0.00% | 58.05% | 39.81% |
Healthcare | 15.30% | 0.00% | 30.08% | 72.17% |
Industrials | 13.16% | 0.00% | 42.76% | 28.11% |
Technology | 11.61% | 0.00% | 54.02% | 40.00% |
Energy | 10.58% | 0.00% | 54.00% | 21.79% |
Consumer Defense | 7.85% | 0.00% | 34.10% | 57.55% |
Consumer Cyclical | 5.67% | 0.00% | 22.74% | 50.75% |
Real Estate | 4.73% | 0.00% | 90.54% | 23.68% |
Communication Services | 4.49% | 0.00% | 26.58% | 68.77% |
Basic Materials | 3.90% | 0.00% | 21.69% | 36.60% |
Utilities | 2.45% | 0.00% | 27.04% | 76.51% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | LAVSX % Rank | |
---|---|---|---|---|
US | 97.97% | 4.16% | 102.49% | 42.99% |
Non US | 1.39% | 0.00% | 24.08% | 30.37% |
LAVSX - Expenses
Operational Fees
LAVSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.94% | 0.03% | 14.82% | 48.12% |
Management Fee | 0.55% | 0.00% | 1.50% | 47.24% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 44.22% |
Administrative Fee | 0.04% | 0.00% | 0.50% | 11.41% |
Sales Fees
LAVSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 0.95% | 5.00% | N/A |
Trading Fees
LAVSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LAVSX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 73.00% | 0.00% | 488.00% | 79.89% |
LAVSX - Distributions
Dividend Yield Analysis
LAVSX | Category Low | Category High | LAVSX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.89% | 0.00% | 16.67% | 91.30% |
Dividend Distribution Analysis
LAVSX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annual | Quarterly | Annual |
Net Income Ratio Analysis
LAVSX | Category Low | Category High | LAVSX % Rank | |
---|---|---|---|---|
Net Income Ratio | 1.04% | -1.51% | 4.28% | 68.23% |
Capital Gain Distribution Analysis
LAVSX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Nov 26, 2024 | $0.139 | OrdinaryDividend |
Nov 26, 2024 | $0.156 | CapitalGainShortTerm |
Nov 26, 2024 | $0.769 | CapitalGainLongTerm |
Nov 21, 2023 | $0.110 | OrdinaryDividend |
Nov 22, 2022 | $0.657 | OrdinaryDividend |
Nov 23, 2021 | $1.715 | OrdinaryDividend |
Nov 24, 2020 | $0.201 | OrdinaryDividend |
Nov 21, 2019 | $0.190 | OrdinaryDividend |
Nov 21, 2019 | $1.092 | CapitalGainLongTerm |
Nov 20, 2018 | $0.085 | CapitalGainShortTerm |
Nov 20, 2018 | $0.826 | CapitalGainLongTerm |
Nov 20, 2018 | $0.178 | OrdinaryDividend |
Nov 21, 2017 | $0.343 | CapitalGainShortTerm |
Nov 21, 2017 | $1.087 | CapitalGainLongTerm |
Nov 21, 2017 | $0.187 | OrdinaryDividend |
Nov 22, 2016 | $0.467 | CapitalGainLongTerm |
Nov 22, 2016 | $0.219 | OrdinaryDividend |
Nov 24, 2015 | $0.192 | OrdinaryDividend |
Nov 24, 2015 | $1.136 | CapitalGainLongTerm |
LAVSX - Fund Manager Analysis
Managers
Jeff Diamond
Start Date
Tenure
Tenure Rank
Sep 05, 2018
3.74
3.7%
Mr. Diamond, portfolio manager, joined Lord Abbett in 2007 as a research analyst for the mid cap value equity strategy. His prior experience includes: Managing Director at Axia Capital Management, LLC; Senior Vice President, Portfolio Manager at Franklin Mutual Advisers; Vice President, Assistant Portfolio Manager at Prudential Mutual Funds; and Vice President, Financial Restructuring, at Prudential Capital Group. Mr. Diamond received a BS from Cornell University and an MBA from Columbia University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.
John Hardy
Start Date
Tenure
Tenure Rank
Sep 14, 2020
1.71
1.7%
John C. Hardy, Portfolio Manager. Mr. Hardy joined Lord Abbett in 2011 and is responsible for contributing to the management for Lord Abbett’s smid-, small-and micro-cap value equity strategies.
Darnell Azeez
Start Date
Tenure
Tenure Rank
Mar 01, 2022
0.25
0.3%
Darnell Azeez leads Lord Abbett’s Value Equity team and contributes to the management of the firm’s Dividend strategies. Mr. Azeez re-joined Lord Abbett in 2015. Prior to his current role, he served as a Portfolio Manager on the firm’s taxable fixed income team. His previous experience includes serving as a Equity Research Analyst at TAMRO Capital Partners; Equity Research Analyst, Director of Public Fund Marketing and Advisor Consultant at Lord Abbett. He has worked in the financial services industry since 2002. He has worked in the financial services industry since 2002. He earned a BA in economics and business from Lafayette College and is a holder of the Chartered Financial Analyst® (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.05 | 86.59 | 8.12 | 6.71 |