LORD ABBETT AFFILIATED FUND, INC.
Supplement dated May 14, 2021 to the
Prospectus and Statement of Additional Information dated March 1, 2021
The following changes are effective May 15, 2021:
The following table replaces the table in the subsection under “Management – Portfolio Managers” on page 9 of the prospectus:
Portfolio Managers/Title | Member of the Portfolio Management Team Since |
Darnell C. Azeez, Managing Director and Portfolio Manager | 2019 |
Marc Pavese, Partner and Director of Quantitative Research | 2013 |
Servesh Tiwari, Portfolio Manager | 2019 |
Ryan C. Howard, Portfolio Manager | 2021 |
The following paragraph replaces the second paragraph under “Management and Organization of the Fund – Portfolio Managers” on page 22 of the prospectus:
Darnell C. Azeez, Managing Director and Portfolio Manager, heads the Fund’s team. Mr. Azeez joined Lord Abbett in 2002. Additional members of the team are Marc Pavese, Partner and Director of Quantitative Research, Servesh Tiwari, Portfolio Manager, and Ryan C. Howard, Portfolio Manager. Messrs. Pavese, Tiwari, and Howard joined Lord Abbett in 2008, 2015, and 2003, respectively. Messrs. Azeez, Pavese, Tiwari, and Howard are jointly and primarily responsible for the day-to-day management of the Fund.
SAI Changes
The table beginning on page 4-1 of Part I of the Fund’s SAI is updated to include “Options Contracts” and “Swap Agreements” as permitted investment types for the Fund.
The following rows replace the applicable rows of the corresponding table in the subsection titled “Portfolio Manager Information – Other Accounts Managed” on page 7-1 of the statement of additional information (“SAI”):
Affiliated Fund1 | Number of Registered Investment Companies | Total Assets ($MM) | Number of Other Pooled Investment Vehicles | Total Assets ($MM) | Number of Other Accounts | Total Assets ($MM) |
Darnell C. Azeez | 3 | 2,668.6 | 0 | 0 | 0 | 0 |
Marc Pavese | 3 | 2,668.6 | 0 | 0 | 0 | 0 |
Servesh Tiwari | 4 | 2,675.5 | 2 | 3.4 | 0 | 0 |
1 Ryan C. Howard was newly added to the Fund effective May 15, 2021 and his other accounts managed will be reported in a future filing. |
The following rows replace the applicable rows of the corresponding table in the subsection titled “Portfolio Manager Information – Holdings of Portfolio Managers” on page 7-1 of the SAI:
Ownership of Securities | Aggregate Dollar Range of Securities |
Darnell C. Azeez | $500,001-$1,000,000 |
Marc Pavese | $100,001-$500,000 |
Servesh Tiwari | $50,001-$100,000 |
Ryan C. Howard1 | N/A |
1 Ryan C. Howard was newly added to the Fund effective May 15, 2021 and his portfolio holdings will be reported in a future filing. |
Please retain this document for your future reference.
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