Lord Abbett Fundamental Equity Fund Class R2 (LAVQX)
| Fund Assets | 1.91B |
| Expense Ratio | 1.30% |
| Min. Investment | $0.00 |
| Turnover | 39.00% |
| Dividend (ttm) | 1.01 |
| Dividend Yield | 6.55% |
| Dividend Growth | 1,415.62% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Nov 26, 2024 |
| Previous Close | 15.42 |
| YTD Return | 6.23% |
| 1-Year Return | 15.41% |
| 5-Year Return | 99.59% |
| 52-Week Low | 13.01 |
| 52-Week High | 16.37 |
| Beta (5Y) | n/a |
| Holdings | 57 |
| Inception Date | Sep 28, 2007 |
About LAVQX
The Lord Abbett Fundamental Equity Fund Class R2 is a diversified mutual fund focused on delivering long-term growth of capital and income. Its primary function is to invest in a broad portfolio of equity securities issued by U.S. and multinational companies across all market capitalizations, with a particular emphasis on identifying firms that are undervalued relative to their potential or intrinsic value. Under normal conditions, the fund allocates at least 80% of its net assets to equities and maintains a significant portion—typically at least 50%—in large-cap companies within the market capitalization range of the Russell 1000 Index. The fund holds a concentrated portfolio, featuring around 55 holdings, and its sector exposure spans areas like financials, information technology, industrials, and energy. With notable holdings such as JPMorgan Chase, Alphabet, and Microsoft, the fund plays a significant role in providing investors access to established industry leaders as well as select opportunities among smaller and mid-sized firms. Managed by Lord Abbett, the fund aims to combine fundamental analysis with disciplined portfolio construction to navigate various market conditions and capitalize on value-driven investment opportunities.
Performance
LAVQX had a total return of 15.41% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.13%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FVLCX | Fidelity | Fidelity Advisor Value Leaders Fund - Class C | 1.90% |
| FSLVX | Fidelity | Fidelity Stock Selector Large Cap Value Fund | 0.83% |
| SWLVX | Schwab | Schwab ® U.S. Large-Cap Value Index Fund | 0.03% |
| FVLIX | Fidelity | Fidelity Advisor Value Leaders Fund - Class I | 0.90% |
| FSCZX | Fidelity | Fidelity Advisor Stock Selector Large Cap Value Fund - Class Z | 0.72% |
Top 10 Holdings
26.07% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Chase & Co. | JPM | 4.21% |
| Alphabet Inc. | GOOGL | 3.04% |
| The Charles Schwab Corporation | SCHW | 2.69% |
| Microsoft Corporation | MSFT | 2.48% |
| RTX Corporation | RTX | 2.46% |
| Wells Fargo & Company | WFC | 2.31% |
| AbbVie Inc. | ABBV | 2.25% |
| McKesson Corporation | MCK | 2.22% |
| Arthur J. Gallagher & Co. | AJG | 2.22% |
| The Boeing Company | BA | 2.20% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 26, 2024 | $1.0094 | Nov 26, 2024 |
| Nov 21, 2023 | $0.0666 | Nov 21, 2023 |
| Nov 22, 2022 | $0.6112 | Nov 22, 2022 |
| Nov 23, 2021 | $1.6629 | Nov 23, 2021 |
| Nov 24, 2020 | $0.1755 | Nov 24, 2020 |
| Nov 21, 2019 | $1.233 | Nov 21, 2019 |