LAMCX | Dividend Growth Fund Class C | Lord Abbett

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Dividend Growth Fund

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Daily price w/o sales charge as of 11/13/2024

$24.10

arrowDown$0.03

YTD Returns w/o sales charge as of 11/13/2024

26.25%

Please click here for performance current to the most recent quarter-end and month-end.

fund alert

Lord Abbett Research Fund - Calibrated Dividend Growth Fund was renamed Lord Abbett Research Fund - Dividend Growth Fund effective April 1, 2020.

Click here to view all legal text including risk information

Summary

Summary

What is the Dividend Growth Fund?

The Fund seeks to deliver total return by investing primarily in stocks of large U.S. companies that have a history of increasing their dividends.

HIGH-QUALITY UNIVERSE

Companies with consistent dividend growth are often market leaders with stable business models, strong balance sheets, and management teams committed to shareholders.

LOWER RISK PROFILE

Focusing on U.S. companies that have consistently grown their dividends often provides investors with an equity portfolio that has a lower risk profile than the broader market.

GROWTH AND RISING INCOME

A portfolio of consistent dividend growers may provide investors with long-term growth and rising income. Many of these companies have grown their dividends much faster than inflation.

Fund Basicsas of 10/31/2024

Total Net Assets
$4.22 B
Inception Date
12/27/2001
Dividend Frequency
Quarterly
Fund Gross Expense Ratio
1.65%
Fund Net Expense Ratio
1.65%
Number of Holdings
53
Minimum Initial Investment
$1,000+

The Fund changed its investment strategy on 09/27/2012.

Yield

12-Month Dividend Yield 1 as of 11/13/2024  

w/o sales charge 0.06%

30-Day Standardized Yield 2 as of 10/31/2024  

0.00%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 21.53% 36.47% 7.76% 12.50% 10.70% 8.58%
Lipper Category Avg. Equity Income Funds 14.88% 29.34% 6.87% 10.27% 8.87% -
S&P 500 Index 20.97% 38.02% 9.08% 15.27% 13.00% 9.32%
w/ sales charge 20.53% 35.47% 7.76% 12.50% 10.70% 8.58%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 22.06% 34.38% 10.58% 12.48% 11.08% 8.63%
Lipper Category Avg. Equity Income Funds 16.09% 27.25% 9.18% 10.73% 9.22% -
S&P 500 Index 22.08% 36.35% 11.91% 15.98% 13.38% 9.40%
w/ sales charge 21.06% 33.38% 10.58% 12.48% 11.08% 8.63%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

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.

Holdings as of 09/30/2024View Portfolio

Holding Assets
Microsoft Corp 8.0%
NVIDIA Corp 6.4%
UnitedHealth Group Inc 3.9%
Exxon Mobil Corp 3.2%
Apple Inc 3.2%
Broadcom Inc 2.7%
Walmart Inc 2.6%
Philip Morris International Inc 2.6%
AbbVie Inc 2.5%
Eli Lilly & Co 2.5%
% of Total Assets 37.6%

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Sector Allocationas of 10/31/2024View Portfolio

Sector Weighting
Sector Weighting
Communication Services
Communication Services
Real Estate
Real Estate
Utilities
Utilities
Consumer Discretionary
Consumer Discretionary
Consumer Staples
Consumer Staples
Energy
Energy
Financials
Financials
Health Care
Health Care
Industrials
Industrials
Information Technology
Information Technology
Materials
Materials

INVESTMENT TEAM

Darnell Azeez
Darnell Azeez, CFA

Partner, Portfolio Manager

22 Years of Industry Experience

Jeffrey Rabinowitz
Jeffrey Rabinowitz, CFA

Portfolio Manager

25 Years of Industry Experience

Subrata Ghose
Subrata Ghose, CFA

Portfolio Manager

29 Years of Industry Experience

Supported By 36 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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Performance

Performance

12-Month Dividend Yield 1 as of 11/13/2024  

w/o sales charge 0.06%

30-Day Standardized Yield 2 as of 10/31/2024  

  Subsidized5 Un-Subsidized6
w/o sales charge 0.00% 0.00%

In absence of the fee waiver, yields shown would have been lower. Yields for other share classes will vary.

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 21.53% 36.47% 7.76% 12.50% 10.70% 8.58%
Lipper Category Avg. Equity Income Funds 14.88% 29.34% 6.87% 10.27% 8.87% -
S&P 500 Index 20.97% 38.02% 9.08% 15.27% 13.00% 9.32%
w/ sales charge 20.53% 35.47% 7.76% 12.50% 10.70% 8.58%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 22.06% 34.38% 10.58% 12.48% 11.08% 8.63%
Lipper Category Avg. Equity Income Funds 16.09% 27.25% 9.18% 10.73% 9.22% -
S&P 500 Index 22.08% 36.35% 11.91% 15.98% 13.38% 9.40%
w/ sales charge 21.06% 33.38% 10.58% 12.48% 11.08% 8.63%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

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 S&P 500 Index
2023 15.49% 26.29%
2022 -14.20% -18.11%
2021 24.74% 28.71%
2020 14.67% 18.40%
2019 25.63% 31.49%
2018 -5.47% -4.38%
2017 18.22% 21.83%
2016 14.25% 11.96%
2015 -3.07% 1.38%
2014 10.74% 13.69%
2013 26.93% -
2012 12.30% -
2011 -0.78% -
2010 14.04% -
2009 22.44% -
2008 -27.79% -
2007 2.41% -
2006 14.01% -
2005 2.96% -
2004 15.98% -
Year Q1 Q2 Q3 Q4
2024 10.58% 2.84% 7.32% -
2023 2.35% 5.71% -3.05% 10.10%
2022 -6.91% -12.55% -4.58% 10.45%
2021 4.09% 7.31% -0.12% 11.81%
2020 -19.96% 18.88% 9.39% 10.16%
2019 11.74% 3.81% 4.05% 4.08%
2018 -2.97% 1.10% 8.17% -10.92%
2017 4.23% 2.29% 3.16% 7.49%
2016 5.79% 4.76% 0.51% 2.56%
2015 -0.30% -2.42% -5.83% 5.80%
2014 1.35% 4.48% -1.63% 6.31%
2013 10.20% 1.12% 5.11% 8.37%
2012 10.61% -3.92% 5.54% 0.12%
2011 5.47% -0.46% -14.08% 9.98%
2010 4.64% -8.36% 10.10% 8.02%
2009 -5.36% 9.65% 12.25% 5.11%
2008 -8.87% -0.51% -9.28% -12.21%
2007 3.33% 4.04% -1.34% -3.44%
2006 2.17% 0.47% 3.12% 7.72%
2005 -1.26% 1.78% 2.48% -0.03%
2004 3.35% 1.53% 1.79% 8.59%
2003 -6.10% 11.64% 2.88% 12.34%
2002 7.29% -5.50% -13.37% 4.46%

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
Microsoft Corp Information Technology 8.0%
NVIDIA Corp Information Technology 6.4%
UnitedHealth Group Inc Health Care 3.9%
Exxon Mobil Corp Energy 3.2%
Apple Inc Information Technology 3.2%
Broadcom Inc Information Technology 2.7%
Walmart Inc Consumer Staples 2.6%
Philip Morris International Inc Consumer Staples 2.6%
AbbVie Inc Health Care 2.5%
Eli Lilly & Co Health Care 2.5%
% of Total Assets 37.6%

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Holding Sector Assets
Microsoft Corp Information Technology 8.0%
NVIDIA Corp Information Technology 6.4%
UnitedHealth Group Inc Health Care 3.9%
Exxon Mobil Corp Energy 3.2%
Apple Inc Information Technology 3.2%
Broadcom Inc Information Technology 2.7%
Walmart Inc Consumer Staples 2.6%
Philip Morris International Inc Consumer Staples 2.6%
AbbVie Inc Health Care 2.5%
Eli Lilly & Co Health Care 2.5%
JPMorgan Chase & Co Financials 2.4%
NextEra Energy Inc Utilities 2.4%
Parker-Hannifin Corp Industrials 2.3%
Mastercard Inc Financials 2.3%
CRH PLC Materials 2.1%
Bank of America Corp Financials 2.1%
TJX Cos Inc/The Consumer Discretionary 2.0%
Danaher Corp Health Care 1.9%
Morgan Stanley Financials 1.8%
Oracle Corp Information Technology 1.8%
Roper Technologies Inc Information Technology 1.8%
Coca-Cola Co/The Consumer Staples 1.8%
Taiwan Semiconductor Manufacturing Co Ltd Information Technology 1.8%
Analog Devices Inc Information Technology 1.8%
Abbott Laboratories Health Care 1.7%
Northrop Grumman Corp Industrials 1.6%
CMS Energy Corp Utilities 1.6%
Johnson & Johnson Health Care 1.6%
Lowe's Cos Inc Consumer Discretionary 1.6%
Charles Schwab Corp/The Financials 1.5%
S&P Global Inc Financials 1.5%
Chubb Ltd Financials 1.5%
Accenture PLC Information Technology 1.5%
Costco Wholesale Corp Consumer Staples 1.4%
McDonald's Corp Consumer Discretionary 1.4%
Arthur J Gallagher & Co Financials 1.3%
Eaton Corp PLC Industrials 1.2%
Ameriprise Financial Inc Financials 1.2%
Evercore Inc Financials 1.2%
Sherwin-Williams Co/The Materials 1.2%
Home Depot Inc/The Consumer Discretionary 1.1%
Allstate Corp/The Financials 0.9%
Union Pacific Corp Industrials 0.8%
Reliance Inc Materials 0.8%
Allegion plc Industrials 0.8%
Steel Dynamics Inc Materials 0.7%
Jack Henry & Associates Inc Financials 0.7%
West Pharmaceutical Services Inc Health Care 0.7%
Lam Research Corp Information Technology 0.7%
Verisk Analytics Inc Industrials 0.6%
Old Dominion Freight Line Inc Industrials 0.6%
Pool Corp Consumer Discretionary 0.6%
Marathon Petroleum Corp Energy 0.5%
Comcast Corp Communication Services 0.5%

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Sector Allocationas of 10/31/2024

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Communication Services arrowDown0.5%
Communication Services arrowDown0.5%
Real Estate 0.0%
Real Estate 0.0%
Utilities arrowDown0.2%
Utilities arrowDown0.2%
Consumer Discretionary arrowDown0.2%
Consumer Discretionary arrowDown0.2%
Consumer Staples arrowUp0.1%
Consumer Staples arrowUp0.1%
Energy arrowDown0.1%
Energy arrowDown0.1%
Financials arrowUp0.8%
Financials arrowUp0.8%
Health Care arrowDown0.3%
Health Care arrowDown0.3%
Industrials arrowUp0.1%
Industrials arrowUp0.1%
Information Technology 0.0%
Information Technology 0.0%
Materials arrowUp0.1%
Materials arrowUp0.1%

Portfolio Positioning as of 03/31/2024

  • As of the end of the period, the Fund’s largest active overweight relative to the S&P 500 Index is Exxon Mobile Corporation, one of the largest multinational oil and gas companies in the world with global scale and diversification. In addition to that, the company has high expected earnings and cash flow growth with corresponding growth in return of capital to shareholders in the form of dividends and share buybacks.
  • The Fund is overweight relative to the benchmark in Mastercard Incorporated, a payment-processing corporation. We believe the company is attractively valued given the resiliency of the business model during an economic downturn, along with continued cross-border travel recovery in coming quarters.
  • Although the risk of rates being higher for longer has been a concern for the equity markets, the S&P 500 is up 40% over the last six quarters. As a result, the narrative is now focused on the equity market being narrow and/or bubbly with neither assertion supported by empirical evidence. We expect stocks to continue to surprise on the upside moving forward. With that being said, the fact that interest rates are now well above the artificially low levels of the last decade demands a continued emphasis on quality to identify potential winners in the equity market. We believe operational and financial flexibility should enable well-positioned companies to gain market share, return excess cash to shareholders, and generate above-market returns over the business cycle.
  • Furthermore, rates coming off the zero bound has been a tailwind for active management. It has created more dispersion in stock market returns than what was experienced during the pre-pandemic period. In our view, more-profitable businesses have the agility to help them adapt to today’s increasingly uncertain environment, invest more strategically in their businesses, and seek out attractive M&A opportunities to enhance their existing businesses.
  • We continue to see opportunities across several long-term themes including U.S. infrastructure spending, a long-term U.S. housing shortage, offshore energy development, and companies that enable the widespread adoption of artificial intelligence (AI). Companies that could benefit from U.S. infrastructure spending include engineering & construction firms, industrial companies, building materials and building products companies. The long-term U.S. housing shortage presents opportunities for homebuilders, building materials and building products, rental housing, and home improvement companies. Offshore energy development offers growth prospects for major oil companies engaged in offshore exploration & development, and offshore service providers. Generative AI is a widely discussed and debated theme in the markets today, but this opportunity is not limited to growth investing. We believe the potential for AI to benefit various industries is extensive. While the most evident advantages may be seen in businesses directly involved with AI, there are also significant opportunities in sectors that indirectly support and scale the technology, such as chip manufacturers.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 11/13/2024
$0.00050
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
03/26/2024 03/27/2024 03/27/2024 $0.00050 $21.05

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
12/26/2024 12/27/2024 12/27/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/18/2023 12/19/2023 $0.1096 - $0.1096 $19.11
*

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

EXPENSE RATIOas of 10/31/2024

Fund Gross Expense Ratio 1.65%
Fund Net Expense Ratio 1.65%
Adjusted Expense Ratio -

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Tailored Shareholder Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

1

12-Month Dividend Yield is a financial ratio that shows how much a mutual fund pays out in dividends each year relative to its value with maximum sales charges and without sales charges. The fund’s dividend yield is calculated by dividing the fund’s income distributions over the previous year by the fund’s current value with maximum sales charges and without sales charges.

 

2

The 30-Day Standardized Yield represents net investment income earned by a fund over a 30-day period. It is expressed as an annual percentage rate using a method of calculation adopted by the Securities and Exchange Commission (SEC). Yields for other share classes will vary.

 

3

The Fund’s Dividend Yield, 12-Month Dividend Yield and 7 Day Yield are shown with and without sales charges and with maximum sales charges. The Fund’s Subsidized Dividend yield takes into account any fee waiver or expense limitation arrangements, if any. Without such fee waivers or expense limitation arrangements, the Fund’s dividend yield would have been lower. Information regarding any fee waivers or expense limitation arrangements applicable to the Fund is provided with the Fund’s expense ratio information.

 

4

The Fund’s Unsubsidized Dividend yield is shown without sales charges and with maximum sales charges. The Fund’s unsubsidized dividend yield reflects what the yield would have been without the effect of fee waivers or expense limitation arrangements.

 

5

The 30-day Standardized Subsidized yields reflect fee waivers in effect. Without such fee waivers, yields would be reduced.  

 

6

The 30-day Standardized Unsubsidized yield does not reflect fee waivers.

 

IMPORTANT INFORMATION

 

A Note about Risk: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies, including market, liquidity, currency, and political risks. Mid cap company stocks tend to be more volatile and may be less liquid than large cap company stocks. Mid cap companies typically experience a higher risk of failure than large cap companies. However, larger companies may be unable to respond quickly to certain market developments and may have slower rates of growth as compared to smaller successful companies. A company's dividend payments may vary over time, and there is no guarantee that a company will pay a dividend at all. These factors can adversely affect Fund performance.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

The Fund transitioned its investment approach from investing in a mix of equity and fixed income securities to a domestic dividend oriented equity strategy. Therefore, the performance of the Fund for periods prior to September 27, 2012 is not representative of the Fund's current investment strategy. The change in investment approach may affect the Fund's performance.

The S&P 500® Index is widely regarded as the standard for measuring large cap U.S. stock market performance and includes a representative sample of leading companies in leading industries.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Expense Ratio: The net expense ratio takes into account a contractual management fee waiver/expense reimbursement agreement that currently is scheduled to remain in place through March 31, 2016. For periods when gross expenses exceeded the cap, the Fund benefited by not bearing certain expenses. Without such cap, performance would have been lower. 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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