LADPX | Developing Growth Fund Class P | Lord Abbett
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Developing Growth Fund

Summary

Summary

What is the Developing Growth Fund?

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

 

Fund Basicsas of 04/30/2021

Total Net Assets
$5.39 B
Inception Date
01/05/1998
Dividend Frequency
Annually
Fund Expense Ratio
1.13%
Number of Holdings
101

Fund Expense Ratio :

1.13%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/05/1998
w/o sales charge -0.35% 56.40% 25.22% 26.76% 15.68% 10.45%
Lipper Category Avg. Small-Cap Growth Funds 7.83% 53.35% 17.91% 19.42% 13.13% -
Russell 2000® Growth Index 4.10% 50.14% 14.48% 17.57% 12.76% 7.96%

Fund Expense Ratio :

1.13%

Fund Expense Ratio :

1.13%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/05/1998
w/o sales charge 1.60% 110.76% 31.18% 27.79% 16.11% 10.63%
Lipper Category Avg. Small-Cap Growth Funds 6.06% 92.77% 19.82% 19.91% 13.10% -
Russell 2000® Growth Index 4.88% 90.20% 17.16% 18.61% 13.02% 8.05%

Fund Expense Ratio :

1.13%

TEN LARGEST HOLDINGS as of 04/30/2021View Portfolio

Holding Assets
Inspire Medical Systems Inc 2.4%
LGI Homes Inc 2.0%
Western Alliance Bancorp 2.0%
RH 1.9%
Shift4 Payments Inc 1.9%
Sonos Inc 1.9%
Crocs Inc 1.8%
Natera Inc 1.8%
Shockwave Medical Inc 1.8%
Axonics Inc 1.7%

INVESTMENT TEAM

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

Partner & Portfolio Manager

33 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

21 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

19 Years of Industry Experience

Ben Ebel
Ben Ebel

Portfolio Manager

28 Years of Industry Experience

Supported By 6 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 :

1.13%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/05/1998
w/o sales charge -0.35% 56.40% 25.22% 26.76% 15.68% 10.45%
Lipper Category Avg. Small-Cap Growth Funds 7.83% 53.35% 17.91% 19.42% 13.13% -
Russell 2000® Growth Index 4.10% 50.14% 14.48% 17.57% 12.76% 7.96%

Fund Expense Ratio :

1.13%

Fund Expense Ratio :

1.13%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/05/1998
w/o sales charge 1.60% 110.76% 31.18% 27.79% 16.11% 10.63%
Lipper Category Avg. Small-Cap Growth Funds 6.06% 92.77% 19.82% 19.91% 13.10% -
Russell 2000® Growth Index 4.88% 90.20% 17.16% 18.61% 13.02% 8.05%

Fund Expense Ratio :

1.13%

Year Fund Returns Russell 2000® Growth Index
2020 72.15% 34.63%
2019 31.72% 28.48%
2018 4.94% -9.31%
2017 29.93% 22.17%
2016 -2.68% 11.32%
2015 -8.87% -1.38%
2014 3.28% 5.60%
2013 57.29% 43.30%
2012 10.37% 14.59%
2011 -1.73% -2.91%
2010 36.39% -
2009 46.85% -
2008 -47.52% -
2007 35.69% -
2006 12.31% -
2005 11.77% -
2004 5.91% -
2003 40.04% -
2002 -29.58% -
2001 -6.96% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 1.60% - - - 0.66%
2020 -17.01% 40.53% 15.87% 27.38% 72.15%
2019 26.94% 9.05% -11.37% 7.36% 31.72%
2018 7.12% 14.98% 12.10% -23.99% 4.94%
2017 8.33% 4.08% 7.08% 7.61% 29.93%
2016 -10.29% 2.24% 10.85% -4.29% -2.68%
2015 7.14% 2.64% -15.68% -1.72% -8.87%
2014 1.71% 0.20% -5.77% 7.55% 3.28%
2013 13.52% 10.02% 18.79% 6.02% 57.29%
2012 12.18% -2.68% 5.56% -4.22% 10.37%
2011 10.21% 1.47% -20.87% 11.04% -1.73%
2010 8.14% -7.95% 16.48% 17.63% 36.39%
2009 -2.20% 24.34% 14.15% 5.79% 46.85%
2008 -21.83% 6.61% -11.80% -28.60% -47.52%
2007 4.64% 13.59% 9.78% 3.99% 35.69%
2006 15.95% -6.23% -6.86% 10.91% 12.31%
2005 -5.96% 5.86% 9.55% 2.48% 11.77%
2004 1.95% 0.20% -7.03% 11.52% 5.91%
2003 -3.29% 21.38% 9.77% 8.68% 40.04%
2002 0.00% -11.85% -23.80% 4.83% -29.58%
2001 -17.43% 16.03% -22.69% 25.60% -6.96%
2000 3.48% -13.65% -0.62% -7.41% -17.78%
1999 1.42% 11.60% -3.44% 26.24% 37.96%
1998 - -3.01% -22.04% 28.19% 7.85%

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 3/31/2021

  • The complexion of the market has changed since 2021 began. Covid-19 continues to diminish as a market force, and the focus is now on a strong economic recovery in its wake. Rates have risen significantly, and this has driven a leadership change from secular growth to value. The news on the economy is good and the U.S. Federal Reserve remains supportive. We believe inflation will remain low over the intermediate term, but conditions are set for a near term jump.
  • We have adjusted the portfolio to reflect the magnitude of the increase in interest rates and the degree to which the market has begun to discount a stronger than expected economic recovery. Most of the changes were related to these reflation and reopening developments.
  • We remain structurally bullish on the outlook for growth equities. In our view, there is  a long runway for innovation. The dual forces of the tech revolution and low interest rates create the backdrop for good performance over the coming years. 
  • We remain focused on identifying companies with sound business models, favorable industry conditions, potential competitive advantages, and competent management teams. We continue to assess market sentiment and momentum factors to balance risk and opportunity.

Portfolio Details as of 04/30/2021

Total Net Assets
$5.39 B
Number of Holdings
101
Weighted Average Market Cap.
5.9 B
P/B Ratio
7.7x
P/E Ratio
36.2x

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
Macerich Co. 0.8%
Sonos Inc 0.6%
Western Alliance Bancorp 0.6%
LGI Homes, Inc. 0.5%
Digital Turbine Inc 0.5%

Detractors

Holding Contribution
Cardlytics Inc -0.4%
Berkeley Lts Inc -0.3%
Trupanion Inc -0.3%
Iovance Biotherapeutics -0.3%
Turning Point Therapeut -0.3%

Attribution Analysis 

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

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
11/22/2021 11/23/2021 11/23/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/23/2020 11/24/2020 $2.1959 $0.7588 $2.9547 $25.55

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
11/22/2021 11/23/2021

Fees & Expenses

Fees & Expenses

Expense Ratioas of 05/31/2021

1.13%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
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Fact Sheet
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Commentary
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Fund Story
Publish Date:11/03/2015

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