About LAVRX
Lord Abbett Fundamental Equity Fund Class R3 is a mutual fund that targets long-term capital growth and income by investing primarily in equity securities of U.S. and multinational companies. Managed with a value-oriented approach, the fund seeks to identify and invest in companies considered undervalued by the market, focusing on those trading at reasonable prices relative to their assessed intrinsic value. At least 80% of its net assets are typically allocated to equity securities, with a significant portion invested in large-cap, well-established firms within the range of the Russell 1000® Index. The fund maintains a broadly diversified portfolio across major sectors, including financials, technology, communication services, health care, and industrials. Its top holdings often feature prominent companies such as JPMorgan Chase, Alphabet, Microsoft, and Wells Fargo. With a moderate turnover rate and an expense ratio of 1.20%, the fund caters to investors seeking diversified equity exposure without excessive volatility, making it suitable for retirement and long-term growth-focused portfolios.
Fund Family Lord Abbett
Category Large Value
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol LAVRX
Share Class Class R3
Index Russell 1000 Value TR
LAVRX had a total return of 16.17% in the past year, including dividends. Since the fund's
inception, the average annual return has been 7.42%.
