LGLCX | Growth Leaders Fund Class C | Lord Abbett

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Growth Leaders Fund

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Daily price w/o sales charge as of 04/18/2024

$31.22

arrowDown$0.16

YTD Returns w/o sales charge as of 04/18/2024

11.46%

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

Summary

What is the Growth Leaders Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.

Fund Basicsas of 03/28/2024

Total Net Assets
$6.28 B
Inception Date
06/30/2011
Dividend Frequency
Annually
Fund Gross Expense Ratio
1.66%
Fund Net Expense Ratio
1.66%
Number of Holdings
54
Minimum Initial Investment
$1,500+
 

Fund Expense Ratio :

Gross 1.66%

Net 1.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 17.46% 41.26% 1.87% 14.61% 13.22% 13.69%
Lipper Category Avg. Multi-Cap Growth Funds 11.66% 32.78% 2.95% 12.62% 11.69% -
Russell 1000® Growth Index 11.41% 39.00% 12.50% 18.52% 15.98% 15.92%
w/ sales charge 16.46% 40.26% 1.87% 14.61% 13.22% 13.69%

Fund Expense Ratio :

Gross 1.66%

Net 1.66%

Fund Expense Ratio :

Gross 1.66%

Net 1.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 17.46% 41.26% 1.87% 14.61% 13.22% 13.69%
Lipper Category Avg. Multi-Cap Growth Funds 11.66% 32.78% 2.95% 12.62% 11.69% -
Russell 1000® Growth Index 11.41% 39.00% 12.50% 18.52% 15.98% 15.92%
w/ sales charge 16.46% 40.26% 1.87% 14.61% 13.22% 13.69%

Fund Expense Ratio :

Gross 1.66%

Net 1.66%

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 03/28/2024View Portfolio

Holding Assets
NVIDIA Corp 11.5%
Microsoft Corp 6.9%
Meta Platforms Inc 5.8%
Amazon.com Inc 4.8%
Arista Networks Inc 3.0%
Netflix Inc 2.5%
Advanced Micro Devices Inc 2.4%
MercadoLibre Inc 2.4%
Shopify Inc 2.3%
Eli Lilly & Co 2.3%

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 03/28/2024View Portfolio

Sector Weighting
Sector Weighting
Communication Services
Real Estate
Utilities
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials

INVESTMENT TEAM

F. Thomas O'Halloran
F. Thomas O'Halloran, CFA, J.D.

Partner, Portfolio Manager

37 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

23 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

23 Years of Industry Experience

Benjamin Ebel
Benjamin Ebel

Senior Managing Director, Portfolio Manager

32 Years of Industry Experience

Steven H. Wortman
Steven H. Wortman

Portfolio Manager

26 Years of Industry Experience

Supported By 41 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Fund Expense Ratio :

Gross 1.66%

Net 1.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 17.46% 41.26% 1.87% 14.61% 13.22% 13.69%
Lipper Category Avg. Multi-Cap Growth Funds 11.66% 32.78% 2.95% 12.62% 11.69% -
Russell 1000® Growth Index 11.41% 39.00% 12.50% 18.52% 15.98% 15.92%
w/ sales charge 16.46% 40.26% 1.87% 14.61% 13.22% 13.69%

Fund Expense Ratio :

Gross 1.66%

Net 1.66%

Fund Expense Ratio :

Gross 1.66%

Net 1.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 17.46% 41.26% 1.87% 14.61% 13.22% 13.69%
Lipper Category Avg. Multi-Cap Growth Funds 11.66% 32.78% 2.95% 12.62% 11.69% -
Russell 1000® Growth Index 11.41% 39.00% 12.50% 18.52% 15.98% 15.92%
w/ sales charge 16.46% 40.26% 1.87% 14.61% 13.22% 13.69%

Fund Expense Ratio :

Gross 1.66%

Net 1.66%

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 1000® Growth Index
2023 31.94% 42.68%
2022 -39.33% -29.14%
2021 7.87% 27.60%
2020 75.70% 38.49%
2019 33.75% 36.39%
2018 -1.69% -1.51%
2017 30.23% 30.21%
2016 -0.14% 7.08%
2015 5.87% 5.67%
2014 9.33% 13.05%
2013 45.75% -
2012 9.35% -
Year Q1 Q2 Q3 Q4
2024 17.46% - - -
2023 9.70% 10.95% -4.88% 13.95%
2022 -13.26% -23.59% -3.67% -4.97%
2021 -4.06% 6.31% 1.29% 4.42%
2020 -9.95% 39.85% 18.65% 17.58%
2019 20.54% 6.09% -6.11% 11.39%
2018 4.39% 6.74% 10.79% -20.36%
2017 7.78% 5.94% 6.29% 7.30%
2016 -4.09% 0.48% 5.87% -2.12%
2015 4.55% 0.98% -6.33% 7.06%
2014 1.91% 3.38% -0.20% 3.97%
2013 11.17% 7.05% 13.01% 8.38%
2012 15.25% -6.00% 3.68% -2.65%

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
NVIDIA Corp Information Technology 11.5%
Microsoft Corp Information Technology 6.9%
Meta Platforms Inc Communication Services 5.8%
Amazon.com Inc Consumer Discretionary 4.8%
Arista Networks Inc Information Technology 3.0%
Netflix Inc Communication Services 2.5%
Advanced Micro Devices Inc Information Technology 2.4%
MercadoLibre Inc Consumer Discretionary 2.4%
Shopify Inc Information Technology 2.3%
Eli Lilly & Co Health Care 2.3%

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
NVIDIA Corp Information Technology 10.7%
Microsoft Corp Information Technology 6.9%
Meta Platforms Inc Communication Services 6.0%
Amazon.com Inc Consumer Discretionary 4.8%
Arista Networks Inc Information Technology 3.0%
Advanced Micro Devices Inc Information Technology 2.6%
MercadoLibre Inc Consumer Discretionary 2.5%
Netflix Inc Communication Services 2.5%
Eli Lilly & Co Health Care 2.3%
Uber Technologies Inc Industrials 2.3%
Shopify Inc Information Technology 2.2%
Spotify Technology SA Communication Services 2.1%
Applied Materials Inc Information Technology 2.1%
Intuitive Surgical Inc Health Care 2.0%
Alphabet Inc Communication Services 2.0%
DraftKings Inc Consumer Discretionary 1.8%
DoorDash Inc Consumer Discretionary 1.7%
MongoDB Inc Information Technology 1.7%
ServiceNow Inc Information Technology 1.7%
Datadog Inc Information Technology 1.7%
Monolithic Power Systems Inc Information Technology 1.6%
Saia Inc Industrials 1.6%
Axon Enterprise Inc Industrials 1.5%
Cadence Design Systems Inc Information Technology 1.5%
Adobe Inc Information Technology 1.4%
HubSpot Inc Information Technology 1.4%
Crowdstrike Holdings Inc Information Technology 1.4%
CyberArk Software Ltd Information Technology 1.3%
Synopsys Inc Information Technology 1.3%
KLA Corp Information Technology 1.3%
Blackstone Inc Financials 1.3%
Apollo Global Management Inc Financials 1.2%
Deckers Outdoor Corp Consumer Discretionary 1.2%
TransDigm Group Inc Industrials 1.2%
Elastic NV Information Technology 1.1%
Eaton Corp PLC Industrials 1.0%
Lululemon Athletica Inc Consumer Discretionary 1.0%
Mastercard Inc Financials 1.0%
Visa Inc Financials 0.9%
ARM Holdings PLC Information Technology 0.8%
Blueprint Medicines Corp Health Care 0.8%
Vertex Pharmaceuticals Inc Health Care 0.8%
Parker-Hannifin Corp Industrials 0.7%
PDD Holdings Inc Consumer Discretionary 0.7%
Shockwave Medical Inc Health Care 0.7%
Regeneron Pharmaceuticals Inc Health Care 0.7%
Glaukos Corp Health Care 0.7%
Neurocrine Biosciences Inc Health Care 0.7%
Bridgebio Pharma Inc Health Care 0.6%
Copart Inc Industrials 0.5%
Duolingo Inc Consumer Discretionary 0.4%
Booking Holdings Inc Consumer Discretionary 0.3%
Trane Technologies PLC Industrials 0.2%
Coinbase Global Inc Financials 0.2%
Quanta Services Inc Industrials 0.1%
EMCOR Group Inc Industrials 0.1%
Natera Inc Health Care 0.1%
SpringWorks Therapeutics Inc Health Care 0.1%

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 03/28/2024

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Communication Services arrowUp2.5%
Real Estate 0.0%
Utilities 0.0%
Consumer Discretionary arrowDown3.4%
Consumer Staples 0.0%
Energy 0.0%
Financials arrowUp1.3%
Health Care arrowUp5.2%
Industrials arrowUp2.1%
Information Technology arrowDown7.8%
Materials 0.0%

Portfolio Positioning as of 12/31/2023

  • Our view is that the pressure on stock market valuations from the post-pandemic inflation surge and the U.S. Federal Reserve’s aggressive tightening is nearing an end, removing a major headwind for innovation stocks. While better than feared economic growth in the United States has lowered the probability of Fed rate cuts in the near term, we still believe many of the drivers of falling core inflation remain intact.
  • Additionally, in an environment of moderate economic growth, we believe secular growth companies are positioned to outperform as their expanding markets, coupled with market-share gains, should allow continued strong compounding growth - which stands out relative to other parts of the market in a slowing economy.
  • We remain focused on companies with improving operating and price momentum, with an emphasis on accelerating 2024 revenue and earnings growth. We are finding ample opportunities within emerging, as well as established, secular growth trends. These include, but are not limited to, the Artificial Intelligence revolution, groundbreaking advances in medical treatments (i.e., GLP-1), and a sustained improvement in the structural growth rate of the industrial complex due to the impact of reshoring and post Covid supply chain strategy. As always, there are macro risks to consider. But with sub-4% unemployment, improving wages, strong fiscal spending, we believe the prospects of a ‘hard landing’ continue to fade.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 04/18/2024
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/27/2012 12/28/2012 12/28/2012 $0.03120 $15.03
11/19/2012 11/20/2012 11/20/2012 $0.00000 $14.84

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
11/25/2024 11/26/2024 11/26/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/22/2021 11/23/2021 $6.5143 $3.4867 $10.0010 $37.19
*

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. 

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 03/31/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
1.66% 1.66%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.      

                    

 

IMPORTANT INFORMATION

 

A Note about Risk: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies, including market, liquidity, currency, and political risks. Mid and small cap company stocks tend to be more volatile and may be less liquid than large cap company stocks. Mid and small cap companies also may have more limited product lines, markets, or financial resources and typically experience a higher risk of failure than large companies. However, larger companies may have slower rates of growth than smaller successful companies. Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general. The Fund engages in active and frequent trading of its securities, which may result in increased transaction fees, reduced investment performance, and higher taxes. These factors can adversely affect Fund performance. 

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

 

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

 

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

 

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

 

Returns shown at less than a year reflect aggregate total returns.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.   

 

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.  

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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