Fund Description

The fund was incepted in September 1988 and is managed by Lord Abbett and Co. The fund's investment objective is long-term growth of capital and income consistent with reasonable risk. The production of current income is a secondary consideration. The fund invests in common stocks of domestic and foreign countries, believed to be in sound financial condition. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purpose, in equity securities at the time of purchase. The fund invests at least 65% of its assets in equity securities primarily traded in three countries (including the united states). The dividends are offered semi-annually and capital gains annually.