Marc Pavese stepped down from Lord Abbett Affiliated effective March 1, 2023, after his recent promotion to head of investment risk management for the firm. Although Pavese was the longest-tenured manager on the fund, his role diminished when the fund moved away from a quantitative investment process after now-lead manager Darnell Azeez joined in 2019. Over time, Pavese's duties have been assumed by comanager Servesh Tiwari. Thus, his departure has no effect on the fund's Average People rating or Morningstar Analyst Rating of Neutral.
- NAV / 1-Day Return 14.93 / 0.53 %
- Total Assets 5.1 Bil
-
Adj. Expense Ratio
0.570%
- Expense Ratio 0.570%
- Distribution Fee Level Below Average
- Share Class Type No Load
- Category Large Value
- Investment Style Large Value
- Min. Initial Investment 0
- Status Open
- TTM Yield 2.01%
- Turnover 53%
Morningstar’s Analysis LAAFX
Will LAAFX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
People Pillar
Parent Pillar
- Current Portfolio Date Mar 31, 2023
- Equity Holdings 65
- Bond Holdings 0
- Other Holdings 1
- % Assets in Top 10 Holdings 31.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector
NextEra Energy Inc Unit (Corporate Unit 09/01/2023)
4.12
208,453,118
Utilities