Lord Abbett Fundamental Equity R5 (LAVTX)
| Fund Assets | 2.05B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000,000 |
| Turnover | 39.00% |
| Dividend (ttm) | 1.10 |
| Dividend Yield | 6.43% |
| Dividend Growth | 668.19% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Nov 26, 2024 |
| Previous Close | 16.83 |
| YTD Return | 10.86% |
| 1-Year Return | 16.54% |
| 5-Year Return | 102.43% |
| 52-Week Low | 13.56 |
| 52-Week High | 17.14 |
| Beta (5Y) | n/a |
| Holdings | 54 |
| Inception Date | Jun 30, 2015 |
About LAVTX
The Lord Abbett Fundamental Equity Fund Class R5 is a mutual fund designed to pursue long-term growth of capital and income while aiming to limit excessive market value fluctuations. Managed by Lord Abbett, the fund invests in a diversified portfolio of equity securities, typically concentrating on large and well-established companies across a range of sectors. With a strategy rooted in fundamental research, the fund seeks value-oriented opportunities, targeting companies that management believes are undervalued relative to their long-term potential. As of late 2024, the fund holds approximately 58 positions, reflecting a blend of diversification and focused conviction. Class R5 shares are distinguished by a competitively low expense ratio, providing cost efficiency for institutional and retirement plan investors. The fund has over $2 billion in net assets, highlighting its significant footprint within the multi-cap value category. Dividends are distributed annually, and the fund’s disciplined selection process and risk-conscious approach contribute to its role as a core holding for investors seeking balanced exposure to the U.S. equity market while prioritizing income and capital preservation over market cycles.
Performance
LAVTX had a total return of 16.54% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.70%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| VRVIX | Vanguard | Vanguard Russell 1000 Value Index Fund Institutional Shares | 0.07% |
Top 10 Holdings
28.13% of assets| Name | Symbol | Weight |
|---|---|---|
| JPMorgan Chase & Co. | JPM | 4.33% |
| Microsoft Corporation | MSFT | 3.44% |
| Alphabet Inc. | GOOGL | 3.21% |
| Wells Fargo & Company | WFC | 2.78% |
| RTX Corporation | RTX | 2.71% |
| The Charles Schwab Corporation | SCHW | 2.59% |
| The Boeing Company | BA | 2.40% |
| Shell plc | SHEL | 2.27% |
| Taiwan Semiconductor Manufacturing Company Limited | TSM | 2.22% |
| Jabil Inc. | JBL | 2.19% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 26, 2024 | $1.0962 | Nov 26, 2024 |
| Nov 21, 2023 | $0.1427 | Nov 21, 2023 |
| Nov 22, 2022 | $0.6869 | Nov 22, 2022 |
| Nov 23, 2021 | $1.7542 | Nov 23, 2021 |
| Nov 24, 2020 | $0.2413 | Nov 24, 2020 |
| Nov 21, 2019 | $1.3138 | Nov 21, 2019 |