Should You Buy Lord Abbett Affiliated A Fund (LAFFX)?
Lord Abbett Affiliated A (LAFFX) a Zacks Rank #2 (Buy) was incepted in January 1950 and is managed by Lord Abbett and Co. LAFFX's investment objective is long-term growth of capital and income without excessive fluctuations in market value. LAFFX invests at least 80%of its net assets in equity securities of large companies with market capitalizations of at least $5 billion dollar at the time of purchase. The dividends are offered quarterly and capital gains annually.
This Large Blend fund, as of the last filing, allocates their fund in three major groups; Large Value, Intermediate Bond and Foreign Stock. Further, as of the last filing, Chevron Corporation, Pfizer Inc and JPMorgan Chase & Co were the top holdings for LAFFX.
Lord Abbett Affiliated A, managed by Lord Abbett, carries an expense ratio of 0.74%. Moreover, LAFFX requires a minimal initial investment of $1,000.
LAFFX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 9.12% and 5 year 7.89%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.
LAFFX’s performance, as of the last filing, when compared to funds in its category was in the top 50% in 1 year, top 40% over the past 3 years, and in the 64% over the past 5 years.
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