Lord Abbett Dividend Growth Fund Class F3 (LRMAX)
| Fund Assets | 4.38B |
| Expense Ratio | 0.59% |
| Min. Investment | $0.00 |
| Turnover | 25.00% |
| Dividend (ttm) | 1.23 |
| Dividend Yield | 4.93% |
| Dividend Growth | 287.99% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 24, 2025 |
| Previous Close | 25.10 |
| YTD Return | 8.81% |
| 1-Year Return | 15.09% |
| 5-Year Return | 97.44% |
| 52-Week Low | 20.32 |
| 52-Week High | 25.36 |
| Beta (5Y) | n/a |
| Holdings | 55 |
| Inception Date | Apr 4, 2017 |
About LRMAX
Lord Abbett Dividend Growth Fund Class F3 is a mutual fund focused on delivering both current income and capital appreciation by investing primarily in equity securities of large and mid-sized U.S. companies with strong records of increasing their dividends. Managed by Lord, Abbett & Co. LLC, the fund employs an actively managed strategy that emphasizes companies demonstrating consistent dividend growth, which can signal robust fundamentals and shareholder-friendly capital allocation. The fund's portfolio typically features a diversified mix of sectors, with significant exposure to prominent industries such as technology, healthcare, consumer staples, financial services, and energy. Notable holdings include leading firms like Microsoft, NVIDIA, JPMorgan Chase, and Apple, reflecting an emphasis on established market leaders. With a quarterly dividend distribution and a net expense ratio of 0.59%, the fund aims to offer a balanced approach, appealing to investors seeking dividend income along with long-term growth potential. As of May 2025, the fund manages approximately $4.21 billion in assets across 54 holdings. Its active management and focus on dividend growth make it a notable participant within the U.S. large blend mutual fund category.
Performance
LRMAX had a total return of 15.09% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.91%.
Top 10 Holdings
38.14% of assets| Name | Symbol | Weight |
|---|---|---|
| Microsoft Corporation | MSFT | 8.65% |
| NVIDIA Corporation | NVDA | 4.88% |
| Broadcom Inc. | AVGO | 4.45% |
| JPMorgan Chase & Co. | JPM | 3.31% |
| Philip Morris International Inc. | PM | 3.21% |
| Apple Inc. | AAPL | 2.95% |
| Walmart Inc. | WMT | 2.89% |
| Mastercard Incorporated | MA | 2.70% |
| Exxon Mobil Corporation | XOM | 2.58% |
| The Charles Schwab Corporation | SCHW | 2.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 24, 2025 | $0.0534 | Jun 24, 2025 |
| Mar 27, 2025 | $0.0552 | Mar 27, 2025 |
| Dec 27, 2024 | $0.0536 | Dec 27, 2024 |
| Dec 17, 2024 | $1.0218 | Dec 17, 2024 |
| Sep 25, 2024 | $0.0498 | Sep 25, 2024 |
| Jun 27, 2024 | $0.0511 | Jun 27, 2024 |