Lord Abbett Series Fund
Fundamental Equity Portfolio
PROSPECTUS
MAY 1, 2025
Class VC
No Ticker
This Fund serves as an underlying investment vehicle for variable annuity contracts and
variable life insurance policies. The U.S. Securities and Exchange Commission has not
approved or disapproved of these securities or determined whether this prospectus is
accurate or complete. Any representation to the contrary is a criminal offense.
INVESTMENT PRODUCTS: NOT FDIC INSURED–NO BANK GUARANTEE–MAY LOSE VALUE
TABLE OF CONTENTS
FUND SUMMARY
Investment Objective
2
Fees and Expenses
2
Principal Investment Strategies
3
Principal Risks
4
Performance
5
Management
7
Purchase and Sale of Fund Shares
7
Tax Information
7
Payments to Insurance Companies and Other Financial Intermediaries
7
MORE INFORMATION ABOUT THE FUND
Investment Objective
8
Principal Investment Strategies
8
Principal Risks
9
Additional Information About Investment and Operational Risks
15
Disclosure of Portfolio Holdings
20
Management and Organization of the Fund
20
INFORMATION FOR MANAGING YOUR FUND ACCOUNT
Financial Intermediary Compensation
21
Purchases and Redemptions
22
Account Policies
23
Conflicts of Interest
29
Distributions and Taxes
29
Service Arrangements
30
FINANCIAL INFORMATION
Financial Highlights
31
PROSPECTUS – Fundamental Equity Portfolio
2
FUND SUMMARY
INVESTMENT OBJECTIVE
The Fund’s investment objective is long-term growth of capital and income without
excessive fluctuations in market value.
FEES AND EXPENSES
This table describes the fees and expenses that you may pay if you buy, hold, and
sell shares of the Fund. You may pay other fees, such as brokerage commissions and
other fees to financial intermediaries, which are not reflected in the table and
examples below. The table does not reflect the fees and expenses of variable annuity
contracts or variable life insurance policies (together, “Variable Contracts”). If such
fees and expenses were reflected, expenses shown would be higher.
Annual Fund Operating Expenses
(Expenses that you pay each year as a percentage of the value of your investment)
Class
VC Shares
Management Fees
0.74%
Other Expenses
0.45%
Total Annual Fund Operating Expenses
1.19%
Fee Waiver and/or Expense Reimbursement
(1)
(0.11)%
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement
(1)
1.08%
(1)
For the period from May 1, 2025 through April 30, 2026, Lord, Abbett & Co. LLC (“Lord Abbett”) has contractually agreed
to waive its fees and reimburse expenses to the extent necessary to limit total net annual operating expenses, excluding
any acquired fund fees and expenses, interest-related expenses, taxes, expenses related to litigation and potential
litigation, and extraordinary expenses, to an annual rate of 1.08%. This agreement may be terminated only by the Fund’s
Board of Directors.
Example
This Example is intended to help you compare the cost of investing in the Fund with
the cost of investing in other mutual funds. The Example assumes that you invest
$10,000 in the Fund for the time periods indicated and then redeem all of your shares
at the end of those periods. The Example also assumes that your investment has a
5% return each year and that the Fund’s operating expenses remain the same, giving
effect to the fee waiver and expense reimbursement arrangement described above.
The Example does not reflect Variable Contract expenses, fees, and charges. If these
expenses, fees, and charges were included, your costs would be higher. Although
your actual costs may be higher or lower, based on these assumptions your costs
would be:
Class
1 Year
3 Years
5 Years
10 Years
VC Shares
$
110
$
367
$
644
$
1,433