0000930413-23-001826.txt : 20230706 0000930413-23-001826.hdr.sgml : 20230706 20230706161038 ACCESSION NUMBER: 0000930413-23-001826 CONFORMED SUBMISSION TYPE: 497K PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230706 DATE AS OF CHANGE: 20230706 EFFECTIVENESS DATE: 20230706 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LORD ABBETT AFFILIATED FUND INC CENTRAL INDEX KEY: 0000002691 IRS NUMBER: 136020600 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497K SEC ACT: 1933 Act SEC FILE NUMBER: 002-10638 FILM NUMBER: 231073680 BUSINESS ADDRESS: STREET 1: 90 HUDSON STREET CITY: JERSEY CITY STATE: NJ ZIP: 07302 BUSINESS PHONE: 201-827-2000 MAIL ADDRESS: STREET 1: 90 HUDSON STREET CITY: JERSEY CITY STATE: NJ ZIP: 07302 FORMER COMPANY: FORMER CONFORMED NAME: LORD ABBOTT AFFILIATED FUND INC DATE OF NAME CHANGE: 19960315 FORMER COMPANY: FORMER CONFORMED NAME: AFFILIATED FUND INC DATE OF NAME CHANGE: 19941207 FORMER COMPANY: FORMER CONFORMED NAME: AFFILIATED INC DATE OF NAME CHANGE: 19920721 0000002691 S000006806 LORD ABBETT AFFILIATED FUND INC C000018428 Class A LAFFX C000018430 Class C LAFCX C000018431 Class P LAFPX C000018432 Class I LAFYX C000054699 Class F LAAFX C000054700 Class R2 LAFQX C000054701 Class R3 LAFRX C000155435 Class R4 LAFSX C000155436 Class R5 LAFTX C000155437 Class R6 LAFVX C000184551 Class F3 LTFOX 497K 1 c106676_497k.htm SUMMARY PROSPECTUS PURSUANT TO SECURITIES ACT RULE 497 (K)

LORD ABBETT AFFILIATED FUND

 

Supplement dated July 6, 2023, to the

Summary Prospectus, Prospectus and Statement of Additional Information, each dated

March 1, 2023, as supplemented

 

The following changes are effective July 7, 2023:

 

The following table replaces the table in the subsection under “Management–Portfolio Managers” on page 9 of the summary and statutory prospectus:

Portfolio Managers/Title Member of the Portfolio
Management Team Since
Darnell C. Azeez, Managing Director and Portfolio Manager 2019
Ryan C. Howard, Portfolio Manager 2021

 

The following paragraph replaces the second paragraph under “Management and Organization of the Fund” beginning on page 23 of the statutory prospectus:

Portfolio Managers. Darnell C. Azeez, Managing Director and Portfolio Manager, heads the Fund’s team. Mr. Azeez joined Lord Abbett in 2002. An additional member of the Fund’s team is Ryan C. Howard, Portfolio Manager. Mr. Howard joined Lord Abbett in 2003. Messrs. Azeez and Howard are jointly and primarily responsible for the day-to-day management of the Fund.

 

The following rows replace the applicable rows of the corresponding table under the heading titled “Portfolio Manager Information–Other Accounts Managed” on page 7-1 of the statement of additional information (“SAI”):

 

 

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 6 5,987.47 0 0 0 0
Ryan C. Howard 2 353.35 1 3.39 1 13.37

 

 

The following rows replace the applicable rows of the corresponding table under the heading titled “Portfolio Manager Information–Holdings of Portfolio Managers” on page 7-1 of the SAI:

 

Ownership of Securities1 Aggregate Dollar Range of Securities
Darnell C. Azeez $500,001-$1,000,000
Ryan C. Howard $50,001-$100,000

1 Data as of December 31, 2022.

 

 

Please retain this document for your future reference.