Developing Growth Fund
Daily price w/o sales charge as of 09/17/2019
$23.22
$0.20
YTD Returns w/o sales charge as of 09/17/2019
31.04%
Overall Morningstar RatingsSmall Growth
as of 08/31/2019
Morningstar rated the Lord Abbett Developing Growth Fund class R3 share 5, 3 and 4 stars among 584, 521 and 399 Small Growth Funds for the overall rating and the 3, 5 and 10 year periods ended 8/31/2019, 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 08/30/2019
- Total Net Assets
- $1.97 B
- Inception Date
- 09/28/2007
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 1.18%
- Number of Holdings
- 95
Fund Expense Ratio :
1.18%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 34.88% | 2.21% | 21.22% | 10.83% | 16.03% | 9.91% |
| Lipper Category Avg. Small-Cap Growth Funds | 20.28% | -6.22% | 13.31% | 9.20% | 13.46% | - |
| Russell 2000® Growth Index | 16.30% | -11.02% | 10.62% | 8.06% | 13.06% | 7.94% |
Fund Expense Ratio :
1.18%
Fund Expense Ratio :
1.18%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 38.43% | 17.90% | 25.83% | 10.93% | 16.94% | 10.30% |
| Lipper Category Avg. Small-Cap Growth Funds | 23.56% | 5.14% | 17.09% | 9.66% | 14.82% | - |
| Russell 2000® Growth Index | 20.36% | -0.49% | 14.69% | 8.63% | 14.41% | 8.38% |
Fund Expense Ratio :
1.18%
Returns with sales charges reflect a maximum sales charge of 5.75%.
TEN LARGEST HOLDINGS as of 08/30/2019View Portfolio
| Holding | Assets |
|---|---|
| Alteryx Inc | 2.5% |
| Five9, Inc. | 2.5% |
| Repligen Corp. | 2.3% |
| Tandem Diabetes Care, Inc. | 2.2% |
| Chegg, Inc. | 2.1% |
| Generac Holdings, Inc. | 2.0% |
| Inspire Medical Systems Inc | 2.0% |
| Glaukos Corp. | 1.9% |
| Roku Inc | 1.9% |
| Everbridge, 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 08/30/2019View 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 :
1.18%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 34.88% | 2.21% | 21.22% | 10.83% | 16.03% | 9.91% |
| Lipper Category Avg. Small-Cap Growth Funds | 20.28% | -6.22% | 13.31% | 9.20% | 13.46% | - |
| Russell 2000® Growth Index | 16.30% | -11.02% | 10.62% | 8.06% | 13.06% | 7.94% |
Fund Expense Ratio :
1.18%
Fund Expense Ratio :
1.18%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 38.43% | 17.90% | 25.83% | 10.93% | 16.94% | 10.30% |
| Lipper Category Avg. Small-Cap Growth Funds | 23.56% | 5.14% | 17.09% | 9.66% | 14.82% | - |
| Russell 2000® Growth Index | 20.36% | -0.49% | 14.69% | 8.63% | 14.41% | 8.38% |
Fund Expense Ratio :
1.18%
Returns with sales charges reflect a maximum sales charge of 5.75%.
| Year | Fund Returns | Russell 2000® Growth Index |
|---|
| 2018 | 4.79% | -9.31% |
| 2017 | 29.64% | 22.17% |
| 2016 | -2.99% | 11.32% |
| 2015 | -9.10% | -1.38% |
| 2014 | 3.09% | 5.60% |
| 2013 | 56.97% | 43.30% |
| 2012 | 10.20% | 14.59% |
| 2011 | -1.81% | -2.91% |
| 2010 | 36.27% | 29.09% |
| 2009 | 46.84% | 34.47% |
| 2008 | -47.57% | - |
| 2007 | 35.63% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2019 | 26.92% | 9.07% | - | - | 31.04% |
| 2018 | 7.05% | 14.94% | 12.10% | -24.03% | 4.79% |
| 2017 | 8.28% | 4.01% | 7.00% | 7.58% | 29.64% |
| 2016 | -10.36% | 2.16% | 10.77% | -4.37% | -2.99% |
| 2015 | 7.06% | 2.57% | -15.74% | -1.76% | -9.10% |
| 2014 | 1.65% | 0.12% | -5.80% | 7.53% | 3.09% |
| 2013 | 13.48% | 10.00% | 18.72% | 5.92% | 56.97% |
| 2012 | 12.15% | -2.74% | 5.55% | -4.27% | 10.20% |
| 2011 | 10.19% | 1.46% | -20.89% | 11.03% | -1.81% |
| 2010 | 8.10% | -7.97% | 16.48% | 17.59% | 36.27% |
| 2009 | -2.17% | 24.23% | 14.22% | 5.78% | 46.84% |
| 2008 | -21.83% | 6.59% | -11.82% | -28.64% | -47.57% |
| 2007 | 4.60% | 13.56% | 9.80% | 3.99% | 35.63% |
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Alteryx Inc | Information Technology | 2.5% |
| Five9, Inc. | Information Technology | 2.5% |
| Repligen Corp. | Health Care | 2.3% |
| Tandem Diabetes Care, Inc. | Health Care | 2.2% |
| Chegg, Inc. | Consumer Discretionary | 2.1% |
| Generac Holdings, Inc. | Industrials | 2.0% |
| Inspire Medical Systems Inc | Health Care | 2.0% |
| Glaukos Corp. | Health Care | 1.9% |
| Roku Inc | Consumer Discretionary | 1.9% |
| Everbridge, Inc. | Information Technology | 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 |
|---|
| Everbridge, Inc. | Information Technology | 2.9% |
| Glaukos Corp. | Health Care | 2.2% |
| Chegg, Inc. | Consumer Discretionary | 2.2% |
| Repligen Corp. | Health Care | 2.2% |
| Planet Fitness, Inc. | Consumer Discretionary | 2.1% |
| Tandem Diabetes Care, Inc. | Health Care | 2.0% |
| Alteryx Inc | Information Technology | 1.9% |
| YETI Holdings Inc | Consumer Discretionary | 1.9% |
| Blueprint Medicines Corp. | Health Care | 1.9% |
| Inspire Medical Systems Inc | Health Care | 1.8% |
| Generac Holdings, Inc. | Industrials | 1.7% |
| Etsy, Inc. | Consumer Discretionary | 1.7% |
| eHealth, Inc. | Financials | 1.7% |
| Penumbra, Inc. | Health Care | 1.7% |
| Five9, Inc. | Information Technology | 1.6% |
| Inphi Corp. | Information Technology | 1.6% |
| Bright Horizons Family Solutions, Inc. | Consumer Discretionary | 1.6% |
| CareDx Inc | Health Care | 1.5% |
| Fox Factory Holding Corp. | Consumer Discretionary | 1.5% |
| Coupa Software Inc | Information Technology | 1.5% |
| Guardant Health Inc | Health Care | 1.4% |
| Medallia Inc | Information Technology | 1.4% |
| Roku Inc | Consumer Discretionary | 1.3% |
| Avalara Inc | Information Technology | 1.3% |
| Insperity, Inc. | Industrials | 1.3% |
| Argenx SE | Health Care | 1.3% |
| Globant SA | Information Technology | 1.2% |
| Wix.com Ltd. | Information Technology | 1.2% |
| Masimo Corp. | Health Care | 1.2% |
| Axon Enterprise, Inc. | Industrials | 1.2% |
| Mimecast Ltd. | Information Technology | 1.2% |
| Paylocity Holding Corp. | Information Technology | 1.2% |
| Grand Canyon Education, Inc. | Consumer Discretionary | 1.1% |
| GW Pharmaceuticals plc | Health Care | 1.1% |
| iRhythm Technologies, Inc. | Health Care | 1.1% |
| Trade Desk, Inc./The | Information Technology | 1.1% |
| Appian Corp | Information Technology | 1.1% |
| Elastic NV | Information Technology | 1.0% |
| Mirati Therapeutics, Inc. | Health Care | 1.0% |
| Coherus Biosciences, Inc. | Health Care | 1.0% |
| Verra Mobility Corp | Information Technology | 1.0% |
| Strategic Education, Inc. | Consumer Discretionary | 1.0% |
| HubSpot, Inc. | Information Technology | 1.0% |
| Cargurus Inc | Communication Services | 1.0% |
| Anaplan Inc | Information Technology | 1.0% |
| RingCentral, Inc. | Information Technology | 1.0% |
| Goosehead Insurance Inc | Financials | 0.9% |
| Amarin Corp. plc | Health Care | 0.9% |
| RBC Bearings, Inc. | Industrials | 0.9% |
| Chart Industries, Inc. | Industrials | 0.9% |
| BJ's Wholesale Club Holdings Inc | Consumer Staples | 0.9% |
| Trex Co., Inc. | Industrials | 0.9% |
| Cactus Inc | Energy | 0.9% |
| Cubic Corp | Industrials | 0.8% |
| Zscaler Inc | Information Technology | 0.8% |
| Okta Inc | Information Technology | 0.8% |
| Stitch Fix Inc | Consumer Discretionary | 0.8% |
| Twilio, Inc. | Information Technology | 0.8% |
| Nevro Corp. | Health Care | 0.8% |
| Bridgebio Pharma Inc | Health Care | 0.8% |
| Semtech Corp. | Information Technology | 0.8% |
| uniQure NV | Health Care | 0.8% |
| Silicon Laboratories, Inc. | Information Technology | 0.8% |
| Insulet Corp. | Health Care | 0.8% |
| Denali Therapeutics Inc | Health Care | 0.8% |
| NV5 Global, Inc. | Industrials | 0.7% |
| SVMK Inc | Information Technology | 0.7% |
| Calavo Growers, Inc. | Consumer Staples | 0.7% |
| Invitae Corp | Health Care | 0.7% |
| Monolithic Power Systems, Inc. | Information Technology | 0.7% |
| Malibu Boats, Inc. | Consumer Discretionary | 0.6% |
| New Relic, Inc. | Information Technology | 0.6% |
| Audentes Therapeutics Inc | Health Care | 0.6% |
| Allogene Therapeutics Inc | Health Care | 0.6% |
| Tactile Systems Technology, Inc. | Health Care | 0.6% |
| RealReal Inc/The | Consumer Discretionary | 0.5% |
| Acacia Communications, Inc. | Information Technology | 0.5% |
| Teladoc Health | Health Care | 0.5% |
| World Wrestling Entertainment Inc | Communication Services | 0.5% |
| Sage Therapeutics, Inc. | Health Care | 0.5% |
| Assetmark Financial Holdings Inc | Financials | 0.5% |
| Novanta Inc | Information Technology | 0.5% |
| Codexis Inc | Health Care | 0.5% |
| Sarepta Therapeutics, Inc. | Health Care | 0.5% |
| CenterState Banks, Inc. | Financials | 0.5% |
| Webster Financial Corp. | Financials | 0.5% |
| Yext Inc | Information Technology | 0.4% |
| Upland Software Inc | Information Technology | 0.4% |
| Evercore Partners, Inc. | Financials | 0.4% |
| Lovesac Co/The | Consumer Discretionary | 0.4% |
| Jumia Technologies AG | Consumer Discretionary | 0.4% |
| Alarm.com Holdings, Inc. | Information Technology | 0.4% |
| Pagerduty Inc | Information Technology | 0.4% |
| Adaptive Biotechnologies Corp | Health Care | 0.3% |
| Agios Pharmaceuticals, Inc. | Health Care | 0.3% |
| Western Alliance Bancorp | Financials | 0.3% |
| Myovant Sciences Ltd | Health Care | 0.2% |
| Livongo Health 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 08/30/2019
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 1.4%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary |
0.2%
|
|
| Consumer Staples | 0.0% | |
| Energy |
0.5%
|
|
| Financials |
0.3%
|
|
| Health Care |
0.6%
|
|
| Industrials |
0.3%
|
|
| Information Technology |
2.2%
|
|
| Materials | 0.0% |
Portfolio Details as of 08/30/2019
- Total Net Assets
- $1.97 B
- Number of Holdings
- 95
- Weighted Average Market Cap.
- 4.5 B
- P/B Ratio
- 9.4x
- P/E Ratio
- 45.7x
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 06/28/2019
Contributors
| Holding | Contribution |
|---|---|
| Array Biopharma, Inc. | 0.9% |
| Okta Inc | 0.7% |
| Coupa Software Inc | 0.7% |
| Repligen Corp. | 0.6% |
| Beyond Meat Inc | 0.6% |
Detractors
| Holding | Contribution |
|---|---|
| Myovant Sciences Ltd | -0.5% |
| iRobot Corp. | -0.4% |
| Chart Industries, Inc. | -0.2% |
| Acacia Communications, Inc. | -0.2% |
| World Wrestling Entr | -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 |
|---|---|---|
| 11/20/2019 | 11/21/2019 | 11/21/2019 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/19/2018 | 11/20/2018 | $6.2452 | - | $6.2452 | $18.24 |
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 |
|---|---|
| 11/20/2019 | 11/21/2019 |
Fees & Expenses
Fees & Expenses
Expense Ratioas of 08/31/2019
| 1.18% |
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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