Developing Growth Fund
Daily price w/o sales charge as of 11/15/2019
$22.56
$0.24
YTD Returns w/o sales charge as of 11/15/2019
27.31%
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 10/31/2019
- Total Net Assets
- $1.80 B
- Inception Date
- 09/28/2007
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 1.19%
- Number of Holdings
- 92
Fund Expense Ratio :
1.19%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 25.23% | 10.69% | 20.53% | 8.78% | 15.12% | 9.10% |
| Lipper Category Avg. Small-Cap Growth Funds | 20.03% | 7.83% | 14.76% | 8.98% | 13.31% | - |
| Russell 2000® Growth Index | 18.62% | 6.40% | 13.22% | 8.38% | 13.38% | 8.00% |
Fund Expense Ratio :
1.19%
Fund Expense Ratio :
1.19%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 22.63% | -6.83% | 16.79% | 9.57% | 14.00% | 8.97% |
| Lipper Category Avg. Small-Cap Growth Funds | 17.83% | -6.59% | 12.06% | 9.68% | 12.44% | - |
| Russell 2000® Growth Index | 15.34% | -9.63% | 9.79% | 9.08% | 12.25% | 7.81% |
Fund Expense Ratio :
1.19%
Returns with sales charges reflect a maximum sales charge of 5.75%.
TEN LARGEST HOLDINGS as of 10/31/2019View Portfolio
| Holding | Assets |
|---|---|
| Generac Holdings, Inc. | 3.1% |
| Inphi Corp. | 2.3% |
| YETI Holdings Inc | 2.2% |
| Repligen Corp. | 2.1% |
| Inspire Medical Systems Inc | 1.9% |
| Roku Inc | 1.9% |
| RealReal Inc/The | 1.8% |
| Bright Horizons Family Solutions, Inc. | 1.8% |
| Tandem Diabetes Care, Inc. | 1.8% |
| Coherus Biosciences, Inc. | 1.7% |
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 | |
| Utilities | |
| Not Classified | |
| 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 :
1.19%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 25.23% | 10.69% | 20.53% | 8.78% | 15.12% | 9.10% |
| Lipper Category Avg. Small-Cap Growth Funds | 20.03% | 7.83% | 14.76% | 8.98% | 13.31% | - |
| Russell 2000® Growth Index | 18.62% | 6.40% | 13.22% | 8.38% | 13.38% | 8.00% |
Fund Expense Ratio :
1.19%
Fund Expense Ratio :
1.19%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 09/28/2007 |
|---|
| w/o sales charge | 22.63% | -6.83% | 16.79% | 9.57% | 14.00% | 8.97% |
| Lipper Category Avg. Small-Cap Growth Funds | 17.83% | -6.59% | 12.06% | 9.68% | 12.44% | - |
| Russell 2000® Growth Index | 15.34% | -9.63% | 9.79% | 9.08% | 12.25% | 7.81% |
Fund Expense Ratio :
1.19%
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% | -11.41% | - | 27.31% |
| 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 |
|---|
| Generac Holdings, Inc. | Industrials | 3.1% |
| Inphi Corp. | Information Technology | 2.3% |
| YETI Holdings Inc | Consumer Discretionary | 2.2% |
| Repligen Corp. | Health Care | 2.1% |
| Inspire Medical Systems Inc | Health Care | 1.9% |
| Roku Inc | Communication Services | 1.9% |
| RealReal Inc/The | Consumer Discretionary | 1.8% |
| Bright Horizons Family Solutions, Inc. | Consumer Discretionary | 1.8% |
| Tandem Diabetes Care, Inc. | Health Care | 1.8% |
| Coherus Biosciences, Inc. | Health Care | 1.7% |
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 |
|---|
| Generac Holdings, Inc. | Industrials | 2.5% |
| Repligen Corp. | Health Care | 2.1% |
| Glaukos Corp. | Health Care | 2.0% |
| Tandem Diabetes Care, Inc. | Health Care | 2.0% |
| Inphi Corp. | Information Technology | 1.9% |
| Inspire Medical Systems Inc | Health Care | 1.9% |
| Bright Horizons Family Solutions, Inc. | Consumer Discretionary | 1.9% |
| YETI Holdings Inc | Consumer Discretionary | 1.8% |
| Nevro Corp. | Health Care | 1.8% |
| RealReal Inc/The | Consumer Discretionary | 1.8% |
| Coherus Biosciences, Inc. | Health Care | 1.7% |
| Blueprint Medicines Corp. | Health Care | 1.7% |
| Trex Co., Inc. | Industrials | 1.7% |
| Avalara Inc | Information Technology | 1.6% |
| Penumbra, Inc. | Health Care | 1.6% |
| LGI Homes, Inc. | Consumer Discretionary | 1.6% |
| Five9, Inc. | Information Technology | 1.6% |
| Cubic Corp | Industrials | 1.5% |
| Alteryx Inc | Information Technology | 1.5% |
| Verra Mobility Corp | Information Technology | 1.5% |
| Coupa Software Inc | Information Technology | 1.4% |
| Silicon Laboratories, Inc. | Information Technology | 1.4% |
| BJ's Wholesale Club Holdings Inc | Consumer Staples | 1.4% |
| Paylocity Holding Corp. | Information Technology | 1.3% |
| Roku Inc | Consumer Discretionary | 1.3% |
| Appian Corp | Information Technology | 1.3% |
| eHealth, Inc. | Financials | 1.3% |
| Etsy, Inc. | Consumer Discretionary | 1.3% |
| CareDx Inc | Health Care | 1.2% |
| Goosehead Insurance Inc | Financials | 1.2% |
| Grand Canyon Education, Inc. | Consumer Discretionary | 1.2% |
| Insulet Corp. | Health Care | 1.2% |
| Calavo Growers, Inc. | Consumer Staples | 1.2% |
| Wingstop, Inc. | Consumer Discretionary | 1.2% |
| Chegg, Inc. | Consumer Discretionary | 1.2% |
| iRhythm Technologies, Inc. | Health Care | 1.2% |
| Wix.com Ltd. | Information Technology | 1.1% |
| SVMK Inc | Information Technology | 1.1% |
| Globant SA | Information Technology | 1.1% |
| RBC Bearings, Inc. | Industrials | 1.1% |
| Monolithic Power Systems, Inc. | Information Technology | 1.1% |
| Elastic NV | Information Technology | 1.0% |
| Assetmark Financial Holdings Inc | Financials | 1.0% |
| Invitae Corp | Health Care | 1.0% |
| Planet Fitness, Inc. | Consumer Discretionary | 1.0% |
| Floor & Decor Holdings Inc | Consumer Discretionary | 1.0% |
| Q2 Holdings, Inc. | Information Technology | 1.0% |
| Anaplan Inc | Information Technology | 0.9% |
| ACADIA Pharmaceuticals, Inc. | Health Care | 0.9% |
| Mirati Therapeutics, Inc. | Health Care | 0.9% |
| Strategic Education, Inc. | Consumer Discretionary | 0.9% |
| Semtech Corp. | Information Technology | 0.9% |
| Insperity, Inc. | Industrials | 0.9% |
| Medallia Inc | Information Technology | 0.9% |
| GW Pharmaceuticals plc | Health Care | 0.9% |
| Malibu Boats, Inc. | Consumer Discretionary | 0.8% |
| HubSpot, Inc. | Information Technology | 0.8% |
| Masimo Corp. | Health Care | 0.8% |
| Federal Signal Corp. | Industrials | 0.8% |
| SunPower Corp. | Information Technology | 0.8% |
| Argenx SE | Health Care | 0.8% |
| SolarEdge Technologies, Inc. | Information Technology | 0.8% |
| Fox Factory Holding Corp. | Consumer Discretionary | 0.8% |
| MasTec, Inc. | Industrials | 0.8% |
| OSI Systems, Inc. | Information Technology | 0.8% |
| MKS Instruments, Inc. | Information Technology | 0.8% |
| Stitch Fix Inc | Consumer Discretionary | 0.8% |
| NV5 Global, Inc. | Industrials | 0.8% |
| Amarin Corp. plc | Health Care | 0.7% |
| Axon Enterprise, Inc. | Industrials | 0.7% |
| 10X Genomics Inc | Health Care | 0.7% |
| Bridgebio Pharma Inc | Health Care | 0.7% |
| HUYA Inc | Communication Services | 0.7% |
| Cactus Inc | Energy | 0.6% |
| Teladoc Health | Health Care | 0.6% |
| Acacia Communications, Inc. | Information Technology | 0.6% |
| Enphase Energy, Inc. | Information Technology | 0.6% |
| Novanta Inc | Information Technology | 0.6% |
| Chart Industries, Inc. | Industrials | 0.6% |
| Sage Therapeutics, Inc. | Health Care | 0.5% |
| Audentes Therapeutics Inc | Health Care | 0.5% |
| LivePerson, Inc. | Information Technology | 0.5% |
| Lovesac Co/The | Consumer Discretionary | 0.5% |
| uniQure NV | Health Care | 0.5% |
| Denali Therapeutics Inc | Health Care | 0.5% |
| CRISPR Therapeutics AG | Health Care | 0.5% |
| Evercore Partners, Inc. | Financials | 0.5% |
| Guardant Health Inc | Health Care | 0.5% |
| Allogene Therapeutics Inc | Health Care | 0.4% |
| Freshpet, Inc. | Consumer Staples | 0.3% |
| Sarepta Therapeutics, Inc. | Health Care | 0.3% |
| Tactile Systems Technology, 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 10/31/2019
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
1.8%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Not Classified | 0.0% | |
| Consumer Discretionary |
 1.7%
|
|
| Consumer Staples |
1.4%
|
|
| Energy |
0.6%
|
|
| Financials |
0.1%
|
|
| Health Care |
1.5%
|
|
| Industrials |
1.4%
|
|
| Information Technology |
3.0%
|
|
| Materials | 0.0% |
Portfolio Details as of 10/31/2019
- Total Net Assets
- $1.80 B
- Number of Holdings
- 92
- Weighted Average Market Cap.
- 4.1 B
- P/B Ratio
- 7.1x
- P/E Ratio
- 33.6x
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 |
|---|---|
| Acacia Communications, Inc. | 0.3% |
| Appian Corp | 0.3% |
| Inphi Corp. | 0.3% |
| Insulet Corp. | 0.3% |
| Nevro Corp. | 0.3% |
Detractors
| Holding | Contribution |
|---|---|
| Caredx Inc | -0.7% |
| uniQure NV | -0.6% |
| Everbridge, Inc. | -0.5% |
| Blueprint Medicines Corp. | -0.4% |
| Stitch Fix Inc | -0.4% |
% 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
Click Here To View Estimated Capital Gain 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 10/31/2019
| 1.19% |
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
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Statutory Prospectus
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Prospectus (XBRL)
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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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