LGLAX | Growth Leaders Fund Class A | Lord Abbett
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Growth Leaders Fund

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 10/30/2020

Total Net Assets
$6.95 B
Inception Date
06/30/2011
Dividend Frequency
Annually
Number of Holdings
80
Minimum Initial Investment
$1,500+

Expense Ratioas of 10/31/2020

Fund Expense Ratio :

0.93%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 66.14% 69.60% 30.42% 23.75% - 18.85%
Lipper Category Avg. Multi-Cap Growth Funds - - - - - -
Russell 1000® Growth Index 32.40% 36.40% 21.47% 19.56% - 16.97%
w/ sales charge 56.58% 59.86% 27.87% 22.30% - 18.10%

Fund Expense Ratio :

0.93%

Fund Expense Ratio :

0.93%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 50.28% 67.71% 29.18% 23.20% - 17.93%
Lipper Category Avg. Multi-Cap Growth Funds 24.15% 35.45% 18.66% 16.90% - -
Russell 1000® Growth Index 24.33% 37.53% 21.67% 20.10% - 16.51%
w/ sales charge 41.63% 58.07% 26.66% 21.76% - 17.18%

Fund Expense Ratio :

0.93%

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TEN LARGEST HOLDINGS as of 10/30/2020View Portfolio

Holding Assets
Apple, Inc. 6.0%
Amazon.com, Inc. 5.7%
Microsoft Corp. 4.9%
Alphabet, Inc. 3.0%
NVIDIA Corp. 2.8%
Roku Inc 2.3%
Facebook, Inc. 2.1%
Tesla Motors, Inc. 2.1%
Zoom Video Communications Inc 2.1%
Pinterest Inc 1.9%

INVESTMENT TEAM

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

Partner & Portfolio Manager

33 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

19 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

21 Years of Industry Experience

Supported By 39 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

0.93%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 66.14% 69.60% 30.42% 23.75% - 18.85%
Lipper Category Avg. Multi-Cap Growth Funds - - - - - -
Russell 1000® Growth Index 32.40% 36.40% 21.47% 19.56% - 16.97%
w/ sales charge 56.58% 59.86% 27.87% 22.30% - 18.10%

Fund Expense Ratio :

0.93%

Fund Expense Ratio :

0.93%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 50.28% 67.71% 29.18% 23.20% - 17.93%
Lipper Category Avg. Multi-Cap Growth Funds 24.15% 35.45% 18.66% 16.90% - -
Russell 1000® Growth Index 24.33% 37.53% 21.67% 20.10% - 16.51%
w/ sales charge 41.63% 58.07% 26.66% 21.76% - 17.18%

Fund Expense Ratio :

0.93%

Year Fund Returns Russell 1000® Growth Index
2019 34.75% 36.39%
2018 -0.95% -1.51%
2017 31.19% 30.21%
2016 0.58% 7.08%
2015 6.68% 5.67%
2014 10.12% 13.05%
2013 46.73% 33.48%
2012 9.98% 15.26%
2011 -8.33% 2.64%
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -9.76% 40.12% 18.86% - 67.38%
2019 20.78% 6.31% -5.97% 11.60% 34.75%
2018 4.60% 6.90% 11.01% -20.20% -0.95%
2017 8.00% 6.10% 6.52% 7.48% 31.19%
2016 -3.91% 0.65% 6.02% -1.91% 0.58%
2015 4.71% 1.21% -6.15% 7.26% 6.68%
2014 2.07% 3.60% -0.02% 4.16% 10.12%
2013 11.46% 7.21% 13.12% 8.55% 46.73%
2012 15.41% -5.85% 3.79% -2.49% 9.98%
2011 - - -14.97% 7.81% -8.33%

Growth of $10,000 as of 10/31/2020

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 09/30/2020

  • We believe the Fund’s long-term positioning in high innovation stocks and industries should be a tailwind for relative performance. The pandemic has steepened the slope of the adoption curve of many of the trends we are invested in.
  • We believe industries powering the technology revolution – from the cloud to artificial intelligence to biotechnology, medical devices, and ecommerce – are best positioned to weather both cyclical bear markets and corrections with unique catalysts, and benefit from the innovative environment that will likely persist for years.
  • Moreover, unlike many other areas of the economy, we believe that these targeted areas of innovation should continue to exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.
  • We believe the backdrop for innovation investing remains favorable because of continued low economic growth and low inflation; in addition, the technology revolution is still in its early stages.

PORTFOLIO DETAILS as of 10/30/2020

Total Net Assets
$6.95 B
Number of Holdings
80
Weighted Average Market Cap.
401.4 B
P/B Ratio
14.0x
P/E Ratio
52.8x

Contributors & Detractors as of  09/30/2020

Contributors

Holding Contribution
Tesla Motors, Inc. 1.8%
Immunomedics, Inc. 1.8%
Zoom Video Communicatio 1.6%
Apple, Inc. 1.5%
NVIDIA Corp. 1.1%

Detractors

Holding Contribution
Alteryx Inc -0.2%
Paylocity Holding Corp. -0.1%
Vertex Pharmaceuticals, Inc. -0.1%
Roper Industries, Inc. -0.1%
Burlington Stores, Inc. -0.1%

Attribution Analysis 

Growth Leaders Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 12/03/2020
$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 $15.16
11/19/2012 11/20/2012 11/20/2012 $0.01310 $14.96

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/23/2020 11/24/2020 $1.9880 $2.3819 $4.3699 $41.81

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

Sales Charge Schedule as of 12/03/2020

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $45.79
$50,000 to $99,999 4.75% 4.00% $45.31
$100,000 to $249,999 3.95% 3.25% $44.93
$250,000 to $499,999 2.75% 2.25% $44.38
$500,000 to $999,999 1.95% 1.75% $44.02
$1,000,000 to $5,000,000 0.00% 1.00% $43.16

EXPENSE RATIOas of 10/31/2020

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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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
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Publish Date:11/03/2015

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Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

 

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

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