Growth Leaders Fund
Daily price w/o sales charge as of 12/06/2019
$27.66
$0.20
YTD Returns w/o sales charge as of 12/06/2019
30.81%
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.
Fund Basicsas of 10/31/2019
- Total Net Assets
- $3.74 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.91%
- Number of Holdings
- 75
Fund Expense Ratio :
0.91%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
---|
w/o sales charge | 31.94% | 21.13% | 19.56% | 12.64% | - | 13.95% |
Lipper Category Avg. Multi-Cap Growth Funds | 28.75% | 17.84% | 17.01% | 10.77% | - | - |
Russell 1000® Growth Index | 32.39% | 21.01% | 19.79% | 13.71% | - | - |
Fund Expense Ratio :
0.91%
Fund Expense Ratio :
0.91%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
---|
w/o sales charge | 20.73% | -3.66% | 15.45% | 11.88% | - | 13.03% |
Lipper Category Avg. Multi-Cap Growth Funds | 20.65% | 1.09% | 14.18% | 10.43% | - | - |
Russell 1000® Growth Index | 23.30% | 3.71% | 16.89% | 13.39% | - | - |
Fund Expense Ratio :
0.91%
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 10/31/2019View Portfolio
Holding | Assets |
---|---|
Apple, Inc. | 5.6% |
Microsoft Corp. | 5.4% |
Mastercard, Inc. | 3.1% |
Amazon.com, Inc. | 3.0% |
Alphabet, Inc. | 2.6% |
Visa, Inc. | 2.2% |
Match Group, Inc. | 2.1% |
NVIDIA Corp. | 2.1% |
NIKE, Inc. | 1.9% |
Generac Holdings, Inc. | 1.8% |
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 10/31/2019View Portfolio
Sector | Weighting |
---|
Sector | Weighting |
---|---|
Communication Services | |
Real Estate | |
Consumer Discretionary | |
Consumer Staples | |
Energy | |
Financials | |
Health Care | |
Industrials | |
Information Technology | |
Materials |
INVESTMENT TEAM



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Performance
Performance
Fund Expense Ratio :
0.91%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
---|
w/o sales charge | 31.94% | 21.13% | 19.56% | 12.64% | - | 13.95% |
Lipper Category Avg. Multi-Cap Growth Funds | 28.75% | 17.84% | 17.01% | 10.77% | - | - |
Russell 1000® Growth Index | 32.39% | 21.01% | 19.79% | 13.71% | - | - |
Fund Expense Ratio :
0.91%
Fund Expense Ratio :
0.91%
YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
---|
w/o sales charge | 20.73% | -3.66% | 15.45% | 11.88% | - | 13.03% |
Lipper Category Avg. Multi-Cap Growth Funds | 20.65% | 1.09% | 14.18% | 10.43% | - | - |
Russell 1000® Growth Index | 23.30% | 3.71% | 16.89% | 13.39% | - | - |
Fund Expense Ratio :
0.91%
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 1000® Growth Index |
---|
2018 | -0.95% | -1.51% |
2017 | 31.24% | 30.21% |
2016 | 0.58% | 7.08% |
2015 | 6.64% | 5.67% |
2014 | 10.14% | 13.05% |
2013 | 46.86% | 33.48% |
2012 | 10.14% | 15.26% |
2011 | - | - |
Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
---|
2019 | 20.73% | 6.31% | -5.94% | - | 30.81% |
2018 | 4.56% | 6.93% | 11.01% | -20.20% | -0.95% |
2017 | 8.00% | 6.14% | 6.52% | 7.48% | 31.24% |
2016 | -3.91% | 0.69% | 6.02% | -1.95% | 0.58% |
2015 | 4.70% | 1.18% | -6.15% | 7.26% | 6.64% |
2014 | 2.09% | 3.56% | 0.01% | 4.16% | 10.14% |
2013 | 11.45% | 7.25% | 13.13% | 8.61% | 46.86% |
2012 | 15.48% | -5.84% | 3.85% | -2.47% | 10.14% |
2011 | - | - | -15.03% | 7.86% | - |
NAV HISTORICAL PRICES
Date | Net Asset Value |
---|
Portfolio
Portfolio
Holding | Sector | Assets |
---|
Apple, Inc. | Information Technology | 5.6% |
Microsoft Corp. | Information Technology | 5.4% |
Mastercard, Inc. | Information Technology | 3.1% |
Amazon.com, Inc. | Consumer Discretionary | 3.0% |
Alphabet, Inc. | Communication Services | 2.6% |
Visa, Inc. | Information Technology | 2.2% |
Match Group, Inc. | Communication Services | 2.1% |
NVIDIA Corp. | Information Technology | 2.1% |
NIKE, Inc. | Consumer Discretionary | 1.9% |
Generac Holdings, Inc. | Industrials | 1.8% |
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 |
---|
Apple, Inc. | Information Technology | 5.6% |
Microsoft Corp. | Information Technology | 5.4% |
Mastercard, Inc. | Information Technology | 3.1% |
Amazon.com, Inc. | Consumer Discretionary | 3.0% |
Alphabet, Inc. | Communication Services | 2.6% |
Visa, Inc. | Information Technology | 2.2% |
Match Group, Inc. | Communication Services | 2.1% |
NVIDIA Corp. | Information Technology | 2.1% |
NIKE, Inc. | Consumer Discretionary | 1.9% |
Generac Holdings, Inc. | Industrials | 1.8% |
Zoetis, Inc. | Health Care | 1.8% |
Intuitive Surgical, Inc. | Health Care | 1.7% |
Vertex Pharmaceuticals, Inc. | Health Care | 1.7% |
Keysight Technologies, Inc. | Information Technology | 1.7% |
Harris Corp. | Industrials | 1.7% |
Live Nation Entertainment, Inc. | Communication Services | 1.7% |
Roku Inc | Communication Services | 1.7% |
Lululemon Athletica, Inc. | Consumer Discretionary | 1.6% |
Teledyne Technologies, Inc. | Industrials | 1.6% |
AMETEK, Inc. | Industrials | 1.5% |
Snap Inc | Communication Services | 1.5% |
Tesla Motors, Inc. | Consumer Discretionary | 1.4% |
MarketAxess Holdings, Inc. | Financials | 1.4% |
YETI Holdings Inc | Consumer Discretionary | 1.4% |
TransUnion | Industrials | 1.3% |
Alibaba Group Holding Ltd. | Consumer Discretionary | 1.3% |
New Oriental Education & Technology Group, Inc. | Consumer Discretionary | 1.3% |
Facebook, Inc. | Communication Services | 1.3% |
RingCentral, Inc. | Information Technology | 1.3% |
Applied Materials, Inc. | Information Technology | 1.3% |
PayPal Holdings, Inc. | Information Technology | 1.3% |
Intuit, Inc. | Information Technology | 1.2% |
Activision Blizzard, Inc. | Communication Services | 1.2% |
Dollar General Corp. | Consumer Discretionary | 1.2% |
Target Corp. | Consumer Discretionary | 1.2% |
MSCI, Inc. | Financials | 1.2% |
Chipotle Mexican Grill, Inc. | Consumer Discretionary | 1.2% |
Shopify, Inc. | Information Technology | 1.2% |
American Tower Corp. | Real Estate | 1.1% |
DocuSign Inc | Information Technology | 1.1% |
Akamai Technologies, Inc. | Information Technology | 1.1% |
Advanced Micro Devices, Inc. | Information Technology | 1.1% |
EPAM Systems, Inc. | Information Technology | 1.1% |
JPMorgan Chase & Co. | Financials | 1.0% |
Insulet Corp. | Health Care | 1.0% |
Five9, Inc. | Information Technology | 1.0% |
Lennar Corp. | Consumer Discretionary | 1.0% |
Thermo Fisher Scientific, Inc. | Health Care | 1.0% |
DexCom, Inc. | Health Care | 1.0% |
Comcast Corp. | Communication Services | 1.0% |
Mercadolibre, Inc. | Consumer Discretionary | 1.0% |
Walt Disney Co/The | Communication Services | 0.9% |
Carvana Co | Consumer Discretionary | 0.9% |
QUALCOMM, Inc. | Information Technology | 0.9% |
Atlassian Corp. plc | Information Technology | 0.9% |
GW Pharmaceuticals plc | Health Care | 0.8% |
TransDigm Group, Inc. | Industrials | 0.8% |
Danaher Corp. | Health Care | 0.8% |
Fiserv, Inc. | Information Technology | 0.8% |
Paycom Software, Inc. | Information Technology | 0.7% |
Roper Industries, Inc. | Industrials | 0.7% |
Starbucks Corp. | Consumer Discretionary | 0.7% |
Bright Horizons Family Solutions, Inc. | Consumer Discretionary | 0.7% |
HEICO Corp. | Industrials | 0.7% |
Elastic NV | Information Technology | 0.7% |
HubSpot, Inc. | Information Technology | 0.6% |
Alteryx Inc | Information Technology | 0.6% |
Universal Display Corp. | Information Technology | 0.6% |
Mirati Therapeutics, Inc. | Health Care | 0.6% |
10X Genomics Inc | Health Care | 0.5% |
Penumbra, Inc. | Health Care | 0.5% |
Amarin Corp. plc | Health Care | 0.5% |
Sage Therapeutics, Inc. | Health Care | 0.5% |
Blueprint Medicines Corp. | Health Care | 0.4% |
RealReal Inc/The | Consumer Discretionary | 0.2% |
Sector Allocationas of 10/31/2019
Sector | Weighting | Fund Change from Previous Quarter |
---|
Sector | Weighting | Fund Change from Previous Quarter |
---|---|---|
Communication Services |
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|
Real Estate |
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|
Consumer Discretionary |
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|
Consumer Staples | 0.0% | |
Energy | 0.0% | |
Financials |
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|
Health Care |
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|
Industrials |
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|
Information Technology |
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|
Materials | 0.0% |
PORTFOLIO DETAILS as of 10/31/2019
- Total Net Assets
- $3.74 B
- Number of Holdings
- 75
- Weighted Average Market Cap.
- 239.4 B
- P/B Ratio
- 8.6x
- P/E Ratio
- 33.1x
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 09/30/2019
Contributors
Holding | Contribution |
---|---|
Teledyne Technologies, Inc. | 0.2% |
Chipotle Mexican Grill, Inc. | 0.2% |
Alphabet, Inc. | 0.2% |
Apple, Inc. | 0.2% |
Twitter, Inc. | 0.2% |
Detractors
Holding | Contribution |
---|---|
Amazon.com, Inc. | -0.5% |
Zscaler Inc | -0.4% |
GW Pharmaceuticals plc | -0.4% |
Everbridge, Inc. | -0.3% |
Facebook, Inc. | -0.3% |
% 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
Growth Leaders 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
Capital Gains Distributions
Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
---|---|---|---|---|---|
11/20/2019 | 11/21/2019 | $1.9547 | $0.3895 | $2.3442 | $27.32 |
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.
Fees & Expenses
Fees & Expenses
EXPENSE RATIOas of 11/30/2019
0.91% |
Fund Documents
Fund Documents
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0Documents selected
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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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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Flyer
Publish Date:11/03/2015
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Flyer
Publish Date:11/03/2015
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Capital Markets Presentation
Publish Date:11/03/2015
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