VT Lord Abbett Large Company Value Fund, Class A1,2,3 | |
NOTE: The VT Lord Abbett Large Company Value Fund invests 100 percent of assets in the Lord Abbett Affiliated Fund (Class A). | |
Objective: The investment seeks long-term growth of capital and income. The fund primarily purchases equity securities of large, seasoned, U.S. and multinational companies that the advisor believes are undervalued. It normally invest at least 80% of its net assets in equity securities of large companies, which are companies having a market capitalization at the time of purchase that falls within the market capitalization range of companies in the Russell 1000 Index.
Fund Facts
| Ticker Symbol: | LAFFX |
| Inception Date: | January 3, 1950 |
| Morningstar Category | Large Value |
| As of Dec 31, 2009 | |
| Total Net Assets ($millions) | $7,951 |
Expense RatioAs of Mar 1, 2009
| Gross Expense Ratio | 0.82% | |
| Net Expense Ratio | 0.82% | |
Documents
ProspectusPerformance
Standard PerformanceAs of Dec 31, 2009
| Fund/Benchmark Name | 4th Qtr | YTD | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
|---|---|---|---|---|---|---|---|
| VT Lord Abbett Large Co Val A | 3.51% | 19.39% | 19.39% | -8.03% | -1.11% | 1.84% | 10.96% |
| Standard & Poors 500 Indexa | 6.04% | 26.46% | 26.46% | -5.63% | 0.42% | -0.95% | N/A |
| Morningstar Large Valueb | 4.83% | 24.13% | 24.13% | -7.32% | 0.02% | 2.54% | N/A |
Returns for periods greater than one year are annualized. The performance data quoted represents past performance. Past performance is no guarantee of future results. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data illustrated. For performance data current to the most recent month end, contact ICMA-RC Services, LLC by calling 800-669-7400 or by writing to 777 North Capitol Street, NE, Washington, DC 20002-4240. Para asistencia en Español llame al 800-669-8216. Performance data current to the most recent quarter end is available by visiting www.icmarc.org. | |||||||
Indexes are not available for direct investment, are unmanaged, and do not reflect the costs of portfolio management or trading. A fund's portfolio may differ significantly from the securities held in the indexes. | |
| a. | The Standard & Poors 500 Index (S&P 500) consists of 500 stocks representing larger capitalization companies traded in the U.S. |
|---|---|
| b. | The Morningstar Large Value Funds Average is an equal-weighted average of all Large Value funds, as identified by Morningstar, Inc. |
Morningstar Classifications and Ratings
Morningstar Category: Large Value
Morningstar Rating‡As of Dec 31, 2009
| Stars | Category Size | |
|---|---|---|
| Overall |  | N/A |
| 5-Year | | N/A |
| 3-Year | | N/A |
Morningstar StyleboxAs of Dec 31, 2009
| Equity Stylebox | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
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Allocation of Assets**As of Sep 30, 2009
| Type of Asset | % |
|---|---|
| Equity | 98% |
| Fixed Income | 0% |
| Cash/Other | 2% |
**Due to rounding, percentages shown may not add up to 100%.
‡For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on how a fund ranks on a Morningstar Risk-Adjusted Return measure against other funds in the same category. This measure takes into account variations in a fund’s monthly performance after adjusting for sales loads (except for load-waived A shares) redemption fees, and the risk-free rate, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the ratings for the three-, five- and ten-year (if applicable) time periods. Load-waived A share star ratings do not include any front-end sales load and are intended for those investors who have access to such purchase terms (e.g., plan participants of a defined contribution plan). Not all A share mutual funds for which Morningstar calculates a load-waived A share star rating may actually waive their front-end sales load. Therefore, Morningstar strongly encourages investors to contact their investment professional to determine whether they are eligible to purchase the A share without paying the front load. Past performance is no guarantee of future results. The Morningstar Rating may differ among share classes of a mutual fund as a result of different sales loads and/or expense structure. |
Copyright © 2010 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc., is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data. |
Characteristics
Top Ten HoldingsAs of Sep 30, 2009
| Holding Name | Percent |
|---|---|
| J.P. Morgan Chase & Co. | 4.9% |
| Wells Fargo Company | 4.2% |
| Bank of America Corporation | 3.7% |
| Goldman Sachs Group, Inc. | 3.4% |
| Schlumberger, Ltd. | 2.7% |
| ExxonMobil Corporation | 2.5% |
| Chevron Corporation | 2.2% |
| Morgan Stanley | 2.1% |
| Target | 2.0% |
| Eaton Corporation | 2.0% |
Allocation of Assets**As of Sep 30, 2009
| Asset Class | Percent |
|---|---|
| Domestic Stock | 93.5% |
| Foreign Stock | 4.1% |
| Domestic Bond | 0.0% |
| Foreign Bond | 0.0% |
| Preferred | 0.0% |
| Convertible | 0.0% |
| Cash | 1.4% |
| Other | 0.9% |
**Due to rounding, percentages shown may not add up to 100%.
Sector Distribution**As of Sep 30, 2009
| Sector | Percent |
|---|---|
| Financial Services | 31.4% |
| Energy | 17.5% |
| Consumer Services | 12.5% |
| Industrial Materials | 11.7% |
| Healthcare | 5.8% |
| Hardware | 4.4% |
| Telecom | 3.6% |
| Consumer Goods | 3.5% |
| Business Services | 2.8% |
| Software | 2.0% |
| Media | 1.5% |
| Utilities | 0.9% |
**Due to rounding, percentages shown may not add up to 100%.
Copyright © 2010 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc., is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data. |
Statistics
Portfolio Statistics
| Statistic | Value |
|---|---|
| As Of Date: Dec 31, 2009 | |
| Total Net Assets ($millions) | $7,951 |
| As Of Date: Dec 31, 2009 | |
| Beta (5-year) | 1.03 |
| Alpha (5-year) | -1.31 |
| Standard Deviation (3-year) | 21.46 |
Copyright © 2010 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc., is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data. |
Description
Principal Investment StrategiesAs of Dec 31, 2009
ManagementAs of Dec 31, 2009
Company
Lord Abbett Affiliated Fund Inc
90 Hudson Street
Jersey City NJ 07302
USA
www.lordabbett.com
Asset Manager
- Daniel Frascarelli
General Disclaimers
Some of the information in this profile was obtained from third-party sources. Although the information from third parties is believed to be accurate, it has not been independently verified by ICMA-RC.
Investment information can change rapidly and the changes can be significant, particularly in volatile markets. For this reason, "as of" dates are provided for sections and also for specific data where applicable. After the dates provided, the information should not be considered current.
A redemption fee may be assessed when you sell shares in a mutual fund. Regardless, all funds are monitored for frequent trading. Please refer to the Fund's prospectus for guidance on redemption fee and frequent trading terms. Also, refer to ICMA-RC's Frequent Trading Policy for more information.
Please read both the current applicable prospectus and MAKING SOUND INVESTMENT DECISIONS: A Retirement Investment Guide carefully for a complete summary of all fees, expenses, charges, financial highlights, investment objectives, risks and performance information. Investing in mutual funds and other investment vehicles involves risk, including possible loss of the amount invested. Investors should carefully consider the Fund's investment objectives, risks, charges and expenses before investing or sending money. The prospectus contains this and other information about the investment company. All Vantagepoint Funds invested through 401 or 457 plans are held through VantageTrust. The Vantagepoint Funds are distributed by ICMA-RC Services LLC, a wholly owned broker-dealer subsidiary of ICMA-RC and member FINRA/SIPC. For a current prospectus, contact ICMA-RC Services, LLC.
To contact ICMA-RC Services, LLC call 800-669-7400 (TDD: 800-669-7471) or write to 777 North Capitol Street, NE, Washington, DC 20002-4240. You may also visit us on the Web at www.icmarc.org. Para asistencia en Español llame al 800-669-8216.
Fund Specific Footnotes
| 1. | Returns provided by Morningstar, Inc.™ Copyright © 2010. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data. |
|---|---|
| 2. | This VantageTrust fund invests solely in the shares of a single designated third-party mutual fund. |
| 3. | Invests solely in the Lord Abbett Affiliated Fund. Investors who transfer assets out of this Fund must wait at least 31 days before transferring assets back into the same Funds. The policy affects transfers only. It does not affect regular contributions or disbursements. |