Lord Abbett Fundamental Equity I (LAVYX)
| Fund Assets | 2.05B |
| Expense Ratio | 0.70% |
| Min. Investment | $1,000,000 |
| Turnover | 39.00% |
| Dividend (ttm) | 1.10 |
| Dividend Yield | 6.44% |
| Dividend Growth | 669.19% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Nov 26, 2024 |
| Previous Close | 17.12 |
| YTD Return | 12.11% |
| 1-Year Return | 17.94% |
| 5-Year Return | 104.84% |
| 52-Week Low | 13.55 |
| 52-Week High | 17.12 |
| Beta (5Y) | 0.84 |
| Holdings | 54 |
| Inception Date | Mar 31, 2003 |
About LAVYX
The Lord Abbett Fundamental Equity Fund Class I is a diversified mutual fund focused on achieving long-term growth of capital and income while managing fluctuations in market value. This fund primarily invests in established U.S. companies across multiple sectors, emphasizing sound fundamental analysis to select equities with strong growth and income potential. With a portfolio of approximately 55–58 holdings and total net assets exceeding $1.9 billion as of May 2025, the fund is designed for institutional investors and high-net-worth individuals, given its minimum initial investment of $1,000,000 unless otherwise waived for certain intermediaries or retirement plans. The fund operates with a competitive net expense ratio of 0.70% and distributes dividends annually. Its strategy combines both value and income characteristics, making it part of the large value category, and it benchmarks its performance against the Russell 1000 Value Index. The fund’s investment approach includes exposure to a range of industries, including companies within the energy, financial, and utility sectors, reflecting its multi-cap, value-oriented style. Since its inception in 2003, it has aimed to deliver consistent risk-adjusted returns for investors seeking growth with a value tilt.
Performance
LAVYX had a total return of 17.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.20%.
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 | $1.0961 | Nov 26, 2024 |
| Nov 21, 2023 | $0.1425 | Nov 21, 2023 |
| Nov 22, 2022 | $0.6877 | Nov 22, 2022 |
| Nov 23, 2021 | $1.7543 | Nov 23, 2021 |
| Nov 24, 2020 | $0.2412 | Nov 24, 2020 |
| Nov 21, 2019 | $1.3141 | Nov 21, 2019 |