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1
Schedule of Investments (unaudited)
LORD ABBETT AFFILIATED FUND, INC.
J
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LONG-TERM INVESTMENTS 99.35%
COMMON STOCKS 97.81%
Aerospace & Defense 3.70%
General Electric Co.
683,858 $
139,212,973
Northrop Grumman Corp. 192,758
93,925,191
Total
233,138,164
Banks 9.15%
Bank of America Corp.
2,878,511
133,275,059
East West Bancorp, Inc.
606,906
62,493,111
JPMorgan Chase & Co.
821,225
219,513,442
Wells Fargo & Co.
2,045,322
161,171,374
Total
576,452,986
Beverages 0.93%
Coca-Cola Co.
928,266
58,926,326
Biotechnology 1.89%
AbbVie, Inc.
473,379
87,054,398
Gilead Sciences, Inc.
330,179
32,093,399
Total
119,147,797
Building Products 1.46%
Allegion PLC (Ireland)
(a)
691,618
91,798,457
Capital Markets 11.50%
Ameriprise Financial, Inc.
135,788
73,781,768
Blackrock, Inc.
95,402
102,604,851
Blackstone, Inc.
366,018
64,825,448
Cboe Global Markets, Inc. 192,095
39,250,771
Charles Schwab Corp.
1,923,951
159,149,227
Evercore, Inc. Class A
109,740
31,963,970
Morgan Stanley
742,402
102,770,709
Nasdaq, Inc.
383,326
31,563,063
S&P Global, Inc.
227,808
118,781,369
Total
724,691,176
Chemicals 1.60%
Linde PLC
226,803
101,181,354
Commercial Services & Supplies 1.54%
Waste Management, Inc.
442,109
97,378,928
Construction Materials 2.32%
CRH PLC
1,477,230 $
146,290,087
Consumer Staples Distribution & Retail 4.14%
Costco Wholesale Corp.
36,265
35,535,348
Walmart, Inc.
2,297,995
225,571,189
Total
261,106,537
Distributors 0.71%
Pool Corp.
129,309
44,514,623
Electric: Utilities 2.59%
Entergy Corp.
2,013,784
163,277,607
Electrical Equipment 2.47%
Eaton Corp. PLC
100,401
32,774,902
Emerson Electric Co.
944,761
122,771,692
Total
155,546,594
Ground Transportation 0.53%
Union Pacific Corp.
134,429
33,310,162
Health Care Equipment & Supplies 2.49%
Abbott Laboratories
1,225,227
156,743,290
Health Care Providers & Services 3.32%
Labcorp Holdings, Inc.
252,194
62,998,061
UnitedHealth Group, Inc.
270,188
146,574,288
Total
209,572,349
Hotels, Restaurants & Leisure 0.92%
Booking Holdings, Inc.
7,616
36,081,257
McDonald’s Corp.
76,573
22,106,625
Total
58,187,882
Household Durables 0.34%
PulteGroup, Inc.
191,029
21,735,280
Household Products 0.56%
Procter & Gamble Co.
211,406
35,091,282
Information Technology Services 0.91%
Accenture PLC Class A
(Ireland)
(a)
149,401
57,511,915
2
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Fair
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Shares
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Schedule of Investments (unaudited)(continued)
LORD ABBETT AFFILIATED FUND, INC.
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Insurance 5.44%
Chubb Ltd. (Switzerland)
(a)
358,321 $
97,420,313
Manulife Financial Corp.
(Canada)
(a)
3,363,827
100,612,066
Marsh & McLennan Cos.,
Inc.
667,046
144,668,937
Total
342,701,316
Interactive Media & Services 4.13%
Alphabet, Inc. Class A
646,126
131,822,627
Meta Platforms, Inc.
Class A
186,213
128,334,275
Total
260,156,902
Life Sciences Tools & Services 1.23%
Danaher Corp.
347,807
77,470,531
Machinery 2.68%
Cummins, Inc.
83,269
29,664,581
Parker-Hannifin Corp.
196,931
139,240,064
Total
168,904,645
Metals & Mining 1.41%
Reliance, Inc.
136,416
39,492,432
Steel Dynamics, Inc.
384,860
49,339,052
Total
88,831,484
Oil, Gas & Consumable Fuels 7.26%
Expand Energy Corp.
380,414
38,650,062
Exxon Mobil Corp.
1,809,466
193,305,253
Kinder Morgan, Inc.
5,050,312
138,782,574
Marathon Petroleum
Corp.
91,007
13,260,630
Shell PLC ADR
1,118,195
73,633,141
Total
457,631,660
Pharmaceuticals 0.37%
Eli Lilly & Co.
28,506
23,120,646
Professional Services 0.50%
Booz Allen Hamilton
Holding Corp.
244,061
31,483,869
Semiconductors & Semiconductor
Equipment 5.79%
Analog Devices, Inc.
454,597 $
96,324,559
Broadcom, Inc.
491,941
108,851,785
Lam Research Corp.
500,304
40,549,639
Taiwan Semiconductor
Manufacturing Co. Ltd. ADR 571,091
119,540,768
Total
365,266,751
Software 3.44%
Microsoft Corp.
166,844
69,250,271
Roper Technologies, Inc.
95,335
54,879,593
Salesforce, Inc.
272,106
92,978,620
Total
217,108,484
Specialty Retail 3.28%
Lowe’s Cos., Inc.
356,076
92,594,003
Ross Stores, Inc.
758,306
114,170,551
Total
206,764,554
Textiles, Apparel & Luxury Goods 1.11%
LVMH Moet Hennessy Louis
Vuitton SE
(b)
95,442
69,806,692
Tobacco 2.92%
Philip Morris International,
Inc.
1,414,431
184,158,916
Trading Companies & Distributors 5.18%
AerCap Holdings NV
(Ireland)
(a)
1,025,411
98,029,291
Ferguson Enterprises, Inc.
374,707
67,866,932
United Rentals, Inc.
123,749
93,809,167
Watsco, Inc.
139,779
66,896,832
Total
326,602,222
Total Common Stocks
(cost $4,473,196,929)
6,165,611,468
CONVERTIBLE PREFERRED STOCKS 1.54%
Electric: Utilities 1.54%
NextEra Energy, Inc.
(cost $102,210,345)
1,977,327
97,017,549
Total Long-Term Investments
(cost $4,575,407,274)
6,262,629,017
SHORT-TERM INVESTMENTS 0.73%
Repurchase Agreements 0.73%
Repurchase Agreement
dated 1/31/2025, 2.050%
due 2/3/2025 with Fixed
Income Clearing Corp.
collateralized by
$46,610,300 of U.S.
Treasury Note at
4.250% due 12/31/2026;
value: $46,809,140;
proceeds: $45,899,015
(cost $45,891,176)
$45,891,176 $
45,891,176
Total Investments in
Securities 100.08%
(cost $4,621,298,450)
6,308,520,193
Other Assets and Liabilities –
Net (0.08)%
(5,293,310)
Net Assets 100.00%
$6,303,226,883
ADR American Depositary Receipt.
(a)
Foreign security traded in U.S. dollars.
(b)
Investment in non-U.S. dollar denominated
securities.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT AFFILIATED FUND, INC.
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3
The following is a summary of the inputs used as of January 31, 2025 in valuing the Fund’s investments
carried at fair value
(1)
:
Investment Type
(2)
Level 1
Level 2
Level 3
Total
Long-Term Investments
Common Stocks
Textiles, Apparel & Luxury Goods $
– $
69,806,692 $ – $
69,806,692
Remaining Industries
6,095,804,776
– –
6,095,804,776
Convertible Preferred Stocks
–
97,017,549 –
97,017,549
Short-Term Investments
Repurchase Agreements
–
45,891,176 –
45,891,176
Total
$6,095,804,776 $
212,715,417 $ – $
6,308,520,193
(1)
Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs.
(2)
See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The
table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment
Type include securities classified as two or more levels within the three-tier fair value hierarchy. When applicable, each
Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3
investments at the beginning or end of the period in relation to the Fund’s net assets.