Developing Growth Fund
Daily price w/o sales charge as of 03/27/2020
$20.07
$0.75
YTD Returns w/o sales charge as of 03/27/2020
-17.91%
Overall Morningstar RatingsSmall Growth
as of 02/29/2020
Morningstar rated the Lord Abbett Developing Growth Fund class I share 5, 3 and 4 stars among 574, 502 and 381 Small Growth Funds for the overall rating and the 3, 5 and 10 year periods ended 2/29/2020, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Closed to new investors, with the exception of certain retirement and benefit plans and existing mutual funds advisory programs.
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of small U.S. companies.
Fund Basicsas of 02/28/2020
- Total Net Assets
- $1.75 B
- Inception Date
- 12/30/1997
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.69%
- Number of Holdings
- 94
- Minimum Initial Investment
- $1,000,000+
Fund Expense Ratio :
0.69%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/30/1997 |
|---|
| w/o sales charge | -1.80% | 1.14% | 18.20% | 8.59% | 14.76% | 8.83% |
| Lipper Category Avg. Small-Cap Growth Funds | -6.70% | 1.07% | 10.01% | 7.65% | 12.10% | - |
| Russell 2000® Growth Index | -8.24% | -0.72% | 7.85% | 6.48% | 12.07% | 6.43% |
Fund Expense Ratio :
0.69%
Fund Expense Ratio :
0.69%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/30/1997 |
|---|
| w/o sales charge | 32.25% | 32.25% | 21.99% | 10.09% | 14.75% | 8.99% |
| Lipper Category Avg. Small-Cap Growth Funds | 29.08% | 29.08% | 14.48% | 10.07% | 12.85% | - |
| Russell 2000® Growth Index | 28.48% | 28.48% | 12.49% | 9.34% | 13.01% | 6.90% |
Fund Expense Ratio :
0.69%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
TEN LARGEST HOLDINGS as of 02/28/2020View Portfolio
| Holding | Assets |
|---|---|
| Inspire Medical Systems Inc | 2.5% |
| Generac Holdings, Inc. | 2.2% |
| Inphi Corp. | 2.1% |
| YETI Holdings Inc | 1.9% |
| Five9, Inc. | 1.9% |
| Paylocity Holding Corp. | 1.8% |
| Teladoc Health | 1.7% |
| SolarEdge Technologies, Inc. | 1.7% |
| Nevro Corp. | 1.7% |
| Alteryx Inc | 1.7% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 02/28/2020View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Utilities | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
Investment Team
Your Representative
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Performance
Performance
Fund Expense Ratio :
0.69%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/30/1997 |
|---|
| w/o sales charge | -1.80% | 1.14% | 18.20% | 8.59% | 14.76% | 8.83% |
| Lipper Category Avg. Small-Cap Growth Funds | -6.70% | 1.07% | 10.01% | 7.65% | 12.10% | - |
| Russell 2000® Growth Index | -8.24% | -0.72% | 7.85% | 6.48% | 12.07% | 6.43% |
Fund Expense Ratio :
0.69%
Fund Expense Ratio :
0.69%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 12/30/1997 |
|---|
| w/o sales charge | 32.25% | 32.25% | 21.99% | 10.09% | 14.75% | 8.99% |
| Lipper Category Avg. Small-Cap Growth Funds | 29.08% | 29.08% | 14.48% | 10.07% | 12.85% | - |
| Russell 2000® Growth Index | 28.48% | 28.48% | 12.49% | 9.34% | 13.01% | 6.90% |
Fund Expense Ratio :
0.69%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| Year | Fund Returns | Russell 2000® Growth Index |
|---|
| 2019 | 32.25% | 28.48% |
| 2018 | 5.37% | -9.31% |
| 2017 | 30.27% | 22.17% |
| 2016 | -2.48% | 11.32% |
| 2015 | -8.64% | -1.38% |
| 2014 | 3.56% | 5.60% |
| 2013 | 57.77% | 43.30% |
| 2012 | 10.73% | 14.59% |
| 2011 | -1.30% | -2.91% |
| 2010 | 37.01% | 29.09% |
| 2009 | 47.54% | - |
| 2008 | -47.31% | - |
| 2007 | 36.29% | - |
| 2006 | 12.86% | - |
| 2005 | 12.31% | - |
| 2004 | 6.39% | - |
| 2003 | 40.51% | - |
| 2002 | -29.25% | - |
| 2001 | -6.55% | - |
| 2000 | -17.55% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2020 | - | - | - | - | -17.91% |
| 2019 | 27.04% | 9.18% | -11.29% | 7.48% | 32.25% |
| 2018 | 7.20% | 15.07% | 12.25% | -23.90% | 5.37% |
| 2017 | 8.45% | 4.10% | 7.18% | 7.67% | 30.27% |
| 2016 | -10.24% | 2.28% | 10.94% | -4.25% | -2.48% |
| 2015 | 7.18% | 2.69% | -15.63% | -1.62% | -8.64% |
| 2014 | 1.76% | 0.24% | -5.71% | 7.66% | 3.56% |
| 2013 | 13.60% | 10.13% | 18.88% | 6.09% | 57.77% |
| 2012 | 12.24% | -2.59% | 5.66% | -4.16% | 10.73% |
| 2011 | 10.32% | 1.61% | -20.78% | 11.16% | -1.30% |
| 2010 | 8.25% | -7.85% | 16.61% | 17.79% | 37.01% |
| 2009 | -2.06% | 24.50% | 14.24% | 5.91% | 47.54% |
| 2008 | -21.75% | 6.69% | -11.69% | -28.53% | -47.31% |
| 2007 | 4.75% | 13.67% | 9.96% | 4.10% | 36.29% |
| 2006 | 16.07% | -6.14% | -6.74% | 11.08% | 12.86% |
| 2005 | -5.76% | 5.86% | 9.71% | 2.62% | 12.31% |
| 2004 | 2.15% | 0.26% | -6.94% | 11.64% | 6.39% |
| 2003 | -3.21% | 21.50% | 9.82% | 8.80% | 40.51% |
| 2002 | 0.13% | -11.79% | -23.72% | 5.00% | -29.25% |
| 2001 | -17.33% | 16.13% | -22.60% | 25.77% | -6.55% |
| 2000 | 3.54% | -13.66% | -0.45% | -7.36% | -17.55% |
| 1999 | 1.48% | 11.84% | -3.36% | 26.59% | 38.85% |
| 1998 | 11.63% | -2.88% | -21.97% | 28.41% | 8.63% |
| 1997 | - | - | - | - | 1.70% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Inspire Medical Systems Inc | Health Care | 2.5% |
| Generac Holdings, Inc. | Industrials | 2.2% |
| Inphi Corp. | Information Technology | 2.1% |
| YETI Holdings Inc | Consumer Discretionary | 1.9% |
| Five9, Inc. | Information Technology | 1.9% |
| Paylocity Holding Corp. | Information Technology | 1.8% |
| Teladoc Health | Health Care | 1.7% |
| SolarEdge Technologies, Inc. | Information Technology | 1.7% |
| Nevro Corp. | Health Care | 1.7% |
| Alteryx Inc | Information Technology | 1.7% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Sector | Assets |
|---|
| Generac Holdings, Inc. | Industrials | 2.5% |
| YETI Holdings Inc | Consumer Discretionary | 2.2% |
| Repligen Corp. | Health Care | 2.1% |
| Inphi Corp. | Information Technology | 2.1% |
| Inspire Medical Systems Inc | Health Care | 2.0% |
| Paylocity Holding Corp. | Information Technology | 1.9% |
| Five9, Inc. | Information Technology | 1.8% |
| Planet Fitness, Inc. | Consumer Discretionary | 1.8% |
| Nevro Corp. | Health Care | 1.7% |
| Bright Horizons Family Solutions, Inc. | Consumer Discretionary | 1.6% |
| Alteryx Inc | Information Technology | 1.6% |
| Avalara Inc | Information Technology | 1.6% |
| Beyond Meat Inc | Consumer Staples | 1.6% |
| Chegg, Inc. | Consumer Discretionary | 1.6% |
| Verra Mobility Corp | Information Technology | 1.6% |
| Teladoc Health | Health Care | 1.5% |
| Monolithic Power Systems, Inc. | Information Technology | 1.5% |
| LGI Homes, Inc. | Consumer Discretionary | 1.5% |
| Western Alliance Bancorp | Financials | 1.4% |
| Insulet Corp. | Health Care | 1.4% |
| Axon Enterprise, Inc. | Industrials | 1.4% |
| Coupa Software Inc | Information Technology | 1.4% |
| eHealth, Inc. | Financials | 1.4% |
| Redfin Corp | Real Estate | 1.3% |
| MKS Instruments, Inc. | Information Technology | 1.3% |
| Anaplan Inc | Information Technology | 1.3% |
| SolarEdge Technologies, Inc. | Information Technology | 1.3% |
| Bridgebio Pharma Inc | Health Care | 1.3% |
| Globant SA | Information Technology | 1.2% |
| Federal Signal Corp. | Industrials | 1.2% |
| Freshpet, Inc. | Consumer Staples | 1.2% |
| Mirati Therapeutics, Inc. | Health Care | 1.2% |
| Masimo Corp. | Health Care | 1.1% |
| 10X Genomics Inc | Health Care | 1.1% |
| SVMK Inc | Information Technology | 1.1% |
| Lithia Motors, Inc. | Consumer Discretionary | 1.1% |
| Argenx SE | Health Care | 1.1% |
| Assetmark Financial Holdings Inc | Financials | 1.1% |
| Penumbra, Inc. | Health Care | 1.1% |
| Appian Corp | Information Technology | 1.1% |
| Cirrus Logic, Inc. | Information Technology | 1.0% |
| Helen of Troy Ltd. | Consumer Discretionary | 1.0% |
| Wingstop, Inc. | Consumer Discretionary | 1.0% |
| Malibu Boats, Inc. | Consumer Discretionary | 1.0% |
| National Vision Holdings Inc | Consumer Discretionary | 1.0% |
| Tetra Tech, Inc. | Industrials | 1.0% |
| LivePerson, Inc. | Information Technology | 0.9% |
| Silicon Laboratories, Inc. | Information Technology | 0.9% |
| Strategic Education, Inc. | Consumer Discretionary | 0.9% |
| Sarepta Therapeutics, Inc. | Health Care | 0.9% |
| Acceleron Pharma, Inc. | Health Care | 0.9% |
| MasTec, Inc. | Industrials | 0.9% |
| Trex Co., Inc. | Industrials | 0.9% |
| Guardant Health Inc | Health Care | 0.8% |
| Q2 Holdings, Inc. | Information Technology | 0.8% |
| Turning Point Therapeutics Inc | Health Care | 0.8% |
| Restoration Hardware Holdings, Inc. | Consumer Discretionary | 0.8% |
| Goosehead Insurance Inc | Financials | 0.8% |
| ChemoCentryx Inc | Health Care | 0.8% |
| Quanta Services, Inc. | Industrials | 0.7% |
| Coherus Biosciences, Inc. | Health Care | 0.7% |
| Lumentum Holdings, Inc. | Information Technology | 0.7% |
| Semtech Corp. | Information Technology | 0.7% |
| Boston Beer Co., Inc. | Consumer Staples | 0.7% |
| Cardlytics Inc | Information Technology | 0.7% |
| Blueprint Medicines Corp. | Health Care | 0.7% |
| Karuna Therapeutics Inc | Health Care | 0.7% |
| Air Lease Corp. | Industrials | 0.7% |
| Rocket Pharmaceuticals Inc | Health Care | 0.7% |
| Medallia Inc | Information Technology | 0.7% |
| OSI Systems, Inc. | Information Technology | 0.6% |
| Comtech Telecommunications Corp. | Information Technology | 0.6% |
| Forty Seven Inc | Health Care | 0.6% |
| Iovance Biotherapeutics Inc | Health Care | 0.6% |
| iRhythm Technologies, Inc. | Health Care | 0.6% |
| Novanta Inc | Information Technology | 0.6% |
| Amarin Corp. plc | Health Care | 0.6% |
| HubSpot, Inc. | Information Technology | 0.6% |
| Wix.com Ltd. | Information Technology | 0.6% |
| CRISPR Therapeutics AG | Health Care | 0.6% |
| CareDx Inc | Health Care | 0.6% |
| Everbridge, Inc. | Information Technology | 0.6% |
| GW Pharmaceuticals plc | Health Care | 0.5% |
| Deciphera Pharmaceuticals Inc | Health Care | 0.5% |
| Grocery Outlet Holding Corp | Consumer Staples | 0.5% |
| Calavo Growers, Inc. | Consumer Staples | 0.5% |
| Glaukos Corp. | Health Care | 0.5% |
| Dick's Sporting Goods, Inc. | Consumer Discretionary | 0.5% |
| Cubic Corp | Industrials | 0.5% |
| Aerovironment, Inc. | Industrials | 0.5% |
| Natera, Inc. | Health Care | 0.5% |
| CenterState Banks, Inc. | Financials | 0.5% |
| ACADIA Pharmaceuticals, Inc. | Health Care | 0.5% |
| Axonics Modulation Technologies Inc | Health Care | 0.4% |
| uniQure NV | Health Care | 0.4% |
| NextCure Inc | Health Care | 0.4% |
| RealReal Inc/The | Consumer Discretionary | 0.4% |
| Myovant Sciences Ltd | Health Care | 0.4% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 02/28/2020
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.1%
|
|
| Real Estate |
 0.8%
|
|
| Utilities | 0.0% | |
| Consumer Discretionary |
0.3%
|
|
| Consumer Staples | 0.0% | |
| Energy | 0.0% | |
| Financials |
0.5%
|
|
| Health Care |
0.3%
|
|
| Industrials |
1.8%
|
|
| Information Technology |
0.9%
|
|
| Materials | 0.0% |
Portfolio Details as of 02/28/2020
- Total Net Assets
- $1.75 B
- Number of Holdings
- 94
- Weighted Average Market Cap.
- 4.4 B
- P/B Ratio
- 6.4x
- Portfolio Turnover Ratio as of 07/31/2019
- 88.2%
- P/E Ratio
- 29.4x
To view definitions for the above Portfolio Details, Click here.
Market Capitalization Breakdown - Morningstar separates stock portfolio holdings into five market-capitalization groups: Giant, Large, Mid, Small, and Micro. Of the 5000 largest domestic stocks in their equities database, the top 1% are categorized as Giant, the next 4% are Large, the next 15% are Mid, the next 30% are Small, and the remaining 50% are Micro. Stocks outside of the largest 5000 are also classified as Micro.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
Contributors & Detractors as of 12/31/2019
Contributors
| Holding | Contribution |
|---|---|
| Generac Holdings, Inc. | 0.7% |
| Mirati Therapeutics, Inc. | 0.7% |
| Nevro Corp. | 0.6% |
| Bridgebio Pharma Inc | 0.5% |
| Yeti Hldgs Inc | 0.4% |
Detractors
| Holding | Contribution |
|---|---|
| The Realreal Inc | -0.4% |
| Sage Therapeutics, Inc. | -0.3% |
| LGI Homes, Inc. | -0.2% |
| Appian Corp | -0.2% |
| Huya Inc | -0.2% |
% Contribution reflects the effect of the individual stock's performance on the Fund's overall performance for the period. Individual holdings and their effect on Fund performance may change significantly over time. Investors should consider the overall performance of the Fund before making a decision on whether or not to invest in the Fund.
Attribution Analysis
| Developing Growth Fund | Benchmark | Variance | |||||
|---|---|---|---|---|---|---|---|
| Sector | Avg. Weight | Base Return | Avg. Weight | Base Return | Stock Selection | Group Weight | Total |
The total base return displayed for the Fund does not capture daily cash flow and trading activity and therefore is subject to reasonable variance from the Fund's actual return. Please refer to the Fund's performance results for longer-term returns. The Fund is actively managed and portfolio characteristics, such as individual holdings and sector weightings, may change significantly over time.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Dividends & Cap Gains
Dividends & Cap Gains
Upcoming Dividend Payment Dates
This section lists all anticipated Income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
| Record Date | Ex-Dividend Date | Reinvest & Payable Date |
|---|---|---|
| 11/23/2020 | 11/24/2020 | 11/24/2020 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/20/2019 | 11/21/2019 | $4.4885 | - | $4.4885 | $23.36 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
Upcoming Capital Gain Distribution
This section lists all anticipated Income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.
| Record Date | Ex-Dividend Date |
|---|---|
| 11/23/2020 | 11/24/2020 |
Fees & Expenses
Fees & Expenses
Expense Ratioas of 02/29/2020
| 0.69% |
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
Publish Date:11/03/2015
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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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