LAMAX | Dividend Growth Fund Class A | Lord Abbett

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Dividend Growth Fund

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Daily price w/o sales charge as of 11/26/2024

$24.77

arrowUp$0.11

YTD Returns w/o sales charge as of 11/26/2024

28.26%

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
0.90%
Fund Net Expense Ratio
0.90%
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 11/26/2024  

w/o sales charge 0.64%
w/ sales charge 0.61%

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

0.51%

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

Fund Expense Ratio :

Gross 0.90%

Net 0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 22.30% 37.53% 8.58% 13.35% 11.53% 9.33%
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 15.29% 29.63% 6.46% 12.02% 10.87% 9.05%

Fund Expense Ratio :

Gross 0.90%

Net 0.90%

Fund Expense Ratio :

Gross 0.90%

Net 0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 22.77% 35.41% 11.41% 13.33% 11.91% 9.39%
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 15.73% 27.64% 9.23% 12.00% 11.25% 9.10%

Fund Expense Ratio :

Gross 0.90%

Net 0.90%

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.

Holdings as of 10/31/2024View Portfolio

Holding Assets
Microsoft Corp 7.6%
NVIDIA Corp 7.0%
UnitedHealth Group Inc 3.8%
Exxon Mobil Corp 3.2%
Apple Inc 3.1%
Philip Morris International Inc 2.8%
Broadcom Inc 2.7%
Walmart Inc 2.7%
AbbVie Inc 2.6%
JPMorgan Chase & Co 2.5%
% of Total Assets 37.9%

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
Real Estate
Utilities
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
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 11/26/2024  

w/o sales charge 0.64%
w/ sales charge 0.61%

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

  Subsidized5 Un-Subsidized6
w/o sales charge 0.51% 0.51%

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

Fund Expense Ratio :

Gross 0.90%

Net 0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 22.30% 37.53% 8.58% 13.35% 11.53% 9.33%
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 15.29% 29.63% 6.46% 12.02% 10.87% 9.05%

Fund Expense Ratio :

Gross 0.90%

Net 0.90%

Fund Expense Ratio :

Gross 0.90%

Net 0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 12/27/2001
w/o sales charge 22.77% 35.41% 11.41% 13.33% 11.91% 9.39%
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 15.73% 27.64% 9.23% 12.00% 11.25% 9.10%

Fund Expense Ratio :

Gross 0.90%

Net 0.90%

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 16.34% 26.29%
2022 -13.53% -18.11%
2021 25.67% 28.71%
2020 15.50% 18.40%
2019 26.58% 31.49%
2018 -4.73% -4.38%
2017 19.09% 21.83%
2016 15.13% 11.96%
2015 -2.38% 1.38%
2014 11.56% 13.69%
2013 27.96% -
2012 13.05% -
2011 -0.23% -
2010 14.81% -
2009 23.21% -
2008 -27.29% -
2007 3.03% -
2006 14.78% -
2005 3.65% -
2004 16.72% -
Year Q1 Q2 Q3 Q4
2024 10.76% 3.06% 7.55% -
2023 2.51% 5.93% -2.86% 10.30%
2022 -6.73% -12.38% -4.39% 10.67%
2021 4.27% 7.50% 0.12% 11.98%
2020 -19.86% 19.16% 9.55% 10.40%
2019 11.93% 3.96% 4.32% 4.27%
2018 -2.75% 1.25% 8.40% -10.74%
2017 4.37% 2.53% 3.38% 7.65%
2016 6.06% 4.89% 0.76% 2.71%
2015 -0.12% -2.21% -5.73% 6.01%
2014 1.52% 4.69% -1.43% 6.50%
2013 10.47% 1.27% 5.31% 8.61%
2012 10.90% -3.82% 5.76% 0.22%
2011 5.52% -0.22% -13.93% 10.10%
2010 4.78% -8.15% 10.21% 8.24%
2009 -5.29% 9.90% 12.47% 5.25%
2008 -8.66% -0.42% -9.07% -12.09%
2007 3.47% 4.17% -1.18% -3.26%
2006 2.32% 0.64% 3.27% 7.93%
2005 -1.04% 1.92% 2.63% 0.13%
2004 3.53% 1.67% 1.96% 8.76%
2003 -6.08% 11.96% 2.98% 12.47%
2002 7.39% -5.36% -13.24% 4.70%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 10/31/2024

The chart begins on the Fund's inception date of 12/27/2001.

Based on a hypothetical Class A share investment of $10,000 on 12/27/2001 without sales charge and includes the reinvestment of all distributions.

 

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Holding Sector Assets
Microsoft Corp Information Technology 7.6%
NVIDIA Corp Information Technology 7.0%
UnitedHealth Group Inc Health Care 3.8%
Exxon Mobil Corp Energy 3.2%
Apple Inc Information Technology 3.1%
Philip Morris International Inc Consumer Staples 2.8%
Broadcom Inc Information Technology 2.7%
Walmart Inc Consumer Staples 2.7%
AbbVie Inc Health Care 2.6%
JPMorgan Chase & Co Financials 2.5%
% of Total Assets 37.9%

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%
Real Estate 0.0%
Utilities arrowDown0.2%
Consumer Discretionary arrowDown0.2%
Consumer Staples arrowUp0.1%
Energy arrowDown0.1%
Financials arrowUp0.8%
Health Care arrowDown0.3%
Industrials arrowUp0.1%
Information Technology 0.0%
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.

PORTFOLIO DETAILS as of 10/31/2024

Total Net Assets
$4.22 B
Number of Holdings
53
Weighted Average Market Cap.
812.4 B
P/B Ratio
5.6x
P/E Ratio
28.5x

To view definitions for the above Portfolio Details, Click here.

 

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

For
YTD Dividends Paidas of 11/26/2024
$0.11220
Dividend Frequency
Quarterly
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
09/24/2024 09/25/2024 09/25/2024 $0.03580 $23.59
06/26/2024 06/27/2024 06/27/2024 $0.03760 $22.06
03/26/2024 03/27/2024 03/27/2024 $0.03880 $21.40

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 $19.46
*

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 11/26/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $26.28
$50,000 to $99,999 4.75% 4.00% $26.01
$100,000 to $249,999 3.95% 3.25% $25.79
$250,000 to $499,999 2.75% 2.25% $25.47
$500,000 to $999,999 1.95% 1.75% $25.26
$1,000,000 to $5,000,000 0.00% 1.00% $24.77

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.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

  • Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.

  • Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

  • purchases of $1 million or more (may be subject to a CDSC);
  • purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
  • purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
  • purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
  • certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

 

EXPENSE RATIOas of 10/31/2024

Fund Gross Expense Ratio 0.90%
Fund Net Expense Ratio 0.90%
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.

 

Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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.

 

 

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

 

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.

Select funds to run a Morningstar Hypothetical Report.

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