Developing Growth Fund
Daily price w/o sales charge as of 12/05/2025
$26.44
$0.05
YTD Returns w/o sales charge as of 12/05/2025
18.04%
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 10/31/2025
- Total Net Assets
- $2.08 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Gross Expense Ratio
- 0.94%
- Fund Net Expense Ratio
- 0.94%
- Number of Holdings
- 82
Fund Expense Ratio :
Gross 0.94%
Net 0.94%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2015 |
|---|
| w/o sales charge | 17.86% | 9.77% | 13.47% | 1.31% | 10.81% | 8.89% |
| Lipper Category Avg. Small-Cap Growth Funds | 9.61% | 1.43% | 11.39% | 4.51% | 9.85% | - |
| Russell 2000® Growth Index | 14.48% | 5.11% | 13.54% | 5.31% | 9.18% | 8.29% |
| w/ sales charge | 17.86% | 9.77% | 13.47% | 1.31% | 10.81% | 8.89% |
Fund Expense Ratio :
Gross 0.94%
Net 0.94%
Fund Expense Ratio :
Gross 0.94%
Net 0.94%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2015 |
|---|
| w/o sales charge | 12.54% | 13.51% | 14.10% | 3.36% | 10.65% | 8.56% |
| Lipper Category Avg. Small-Cap Growth Funds | 6.12% | 7.59% | 14.09% | 6.85% | 10.28% | - |
| Russell 2000® Growth Index | 11.65% | 13.56% | 16.68% | 8.41% | 9.91% | 8.16% |
Fund Expense Ratio :
Gross 0.94%
Net 0.94%
Past performance is not a reliable indicator or guarantee 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.
TEN LARGEST HOLDINGS as of 10/31/2025View Portfolio
| Holding | Assets |
|---|---|
| Credo Technology Group Holding Ltd | 3.7% |
| Comfort Systems USA Inc | 3.5% |
| Guardant Health Inc | 3.1% |
| Insmed Inc | 2.3% |
| Mirion Technologies Inc | 2.1% |
| Kratos Defense & Security Solutions Inc | 2.1% |
| Modine Manufacturing Co | 2.0% |
| Carpenter Technology Corp | 2.0% |
| Argan Inc | 1.9% |
| Bridgebio Pharma Inc | 1.9% |
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 10/31/2025View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Utilities | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
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Performance
Performance
Fund Expense Ratio :
Gross 0.94%
Net 0.94%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2015 |
|---|
| w/o sales charge | 17.86% | 9.77% | 13.47% | 1.31% | 10.81% | 8.89% |
| Lipper Category Avg. Small-Cap Growth Funds | 9.61% | 1.43% | 11.39% | 4.51% | 9.85% | - |
| Russell 2000® Growth Index | 14.48% | 5.11% | 13.54% | 5.31% | 9.18% | 8.29% |
| w/ sales charge | 17.86% | 9.77% | 13.47% | 1.31% | 10.81% | 8.89% |
Fund Expense Ratio :
Gross 0.94%
Net 0.94%
Fund Expense Ratio :
Gross 0.94%
Net 0.94%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2015 |
|---|
| w/o sales charge | 12.54% | 13.51% | 14.10% | 3.36% | 10.65% | 8.56% |
| Lipper Category Avg. Small-Cap Growth Funds | 6.12% | 7.59% | 14.09% | 6.85% | 10.28% | - |
| Russell 2000® Growth Index | 11.65% | 13.56% | 16.68% | 8.41% | 9.91% | 8.16% |
Fund Expense Ratio :
Gross 0.94%
Net 0.94%
Past performance is not a reliable indicator or guarantee 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.
| Year | Fund Returns | Russell 2000® Growth Index |
|---|
| 2024 | 21.87% | 15.15% |
| 2023 | 8.50% | 18.66% |
| 2022 | -36.08% | -26.36% |
| 2021 | -2.66% | 2.83% |
| 2020 | 72.47% | 34.63% |
| 2019 | 31.99% | 28.48% |
| 2018 | 5.05% | -9.31% |
| 2017 | 29.92% | 22.17% |
| 2016 | -2.71% | 11.32% |
| Year | Q1 | Q2 | Q3 | Q4 |
|---|
| 2025 | -17.68% | 20.23% | 13.71% | - |
| 2024 | 12.62% | 0.92% | 6.32% | 0.86% |
| 2023 | 8.32% | 3.27% | -12.98% | 11.46% |
| 2022 | -19.25% | -21.17% | 0.59% | -0.18% |
| 2021 | 1.67% | 2.87% | -3.69% | -3.36% |
| 2020 | -16.96% | 40.61% | 15.92% | 27.42% |
| 2019 | 27.02% | 9.10% | -11.35% | 7.45% |
| 2018 | 7.12% | 15.01% | 12.15% | -23.97% |
| 2017 | 8.30% | 4.06% | 7.12% | 7.61% |
| 2016 | -10.30% | 2.18% | 10.88% | -4.27% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Credo Technology Group Holding Ltd | Information Technology | 3.7% |
| Comfort Systems USA Inc | Industrials | 3.5% |
| Guardant Health Inc | Health Care | 3.1% |
| Insmed Inc | Health Care | 2.3% |
| Mirion Technologies Inc | Information Technology | 2.1% |
| Kratos Defense & Security Solutions Inc | Industrials | 2.1% |
| Modine Manufacturing Co | Consumer Discretionary | 2.0% |
| Carpenter Technology Corp | Industrials | 2.0% |
| Argan Inc | Industrials | 1.9% |
| Bridgebio Pharma Inc | Health Care | 1.9% |
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 |
|---|
| Credo Technology Group Holding Ltd | Information Technology | 3.7% |
| Comfort Systems USA Inc | Industrials | 3.5% |
| Guardant Health Inc | Health Care | 3.1% |
| Insmed Inc | Health Care | 2.3% |
| Mirion Technologies Inc | Information Technology | 2.1% |
| Kratos Defense & Security Solutions Inc | Industrials | 2.1% |
| Modine Manufacturing Co | Consumer Discretionary | 2.0% |
| Carpenter Technology Corp | Industrials | 2.0% |
| Argan Inc | Industrials | 1.9% |
| Bridgebio Pharma Inc | Health Care | 1.9% |
| GeneDx Holdings Corp | Health Care | 1.8% |
| Karman Holdings Inc | Industrials | 1.8% |
| iRhythm Technologies Inc | Health Care | 1.8% |
| Guidewire Software Inc | Information Technology | 1.7% |
| Construction Partners Inc | Industrials | 1.7% |
| AeroVironment Inc | Industrials | 1.7% |
| Rambus Inc | Information Technology | 1.7% |
| Reddit Inc | Communication Services | 1.7% |
| Nova Ltd | Information Technology | 1.7% |
| MasTec Inc | Industrials | 1.6% |
| Tarsus Pharmaceuticals Inc | Health Care | 1.6% |
| Calix Inc | Information Technology | 1.5% |
| Fabrinet | Information Technology | 1.5% |
| Celsius Holdings Inc | Consumer Staples | 1.5% |
| Evercore Inc | Financials | 1.5% |
| Madrigal Pharmaceuticals Inc | Health Care | 1.4% |
| Astera Labs Inc | Information Technology | 1.4% |
| FTAI Aviation Ltd | Industrials | 1.4% |
| Piper Sandler Cos | Financials | 1.4% |
| Life360 Inc | Information Technology | 1.3% |
| RBC Bearings Inc | Industrials | 1.3% |
| Crane Co | Industrials | 1.2% |
| Mercury Systems Inc | Industrials | 1.2% |
| Doximity Inc | Health Care | 1.2% |
| IES Holdings Inc | Industrials | 1.2% |
| Loar Holdings Inc | Industrials | 1.2% |
| MACOM Technology Solutions Holdings Inc | Information Technology | 1.2% |
| Rhythm Pharmaceuticals Inc | Health Care | 1.1% |
| SiTime Corp | Information Technology | 1.1% |
| D-Wave Quantum Inc | Information Technology | 1.1% |
| Arcellx Inc | Health Care | 1.1% |
| Natera Inc | Health Care | 1.1% |
| Hinge Health Inc | Health Care | 1.0% |
| JFrog Ltd | Information Technology | 1.0% |
| Ascendis Pharma A/S | Health Care | 1.0% |
| ServiceTitan Inc | Information Technology | 1.0% |
| Abivax SA | Health Care | 1.0% |
| BWX Technologies Inc | Industrials | 1.0% |
| Ollie's Bargain Outlet Holdings Inc | Consumer Discretionary | 1.0% |
| Rocket Lab Corp | Industrials | 0.9% |
| Mirum Pharmaceuticals Inc | Health Care | 0.9% |
| Adtalem Global Education Inc | Consumer Discretionary | 0.9% |
| Penumbra Inc | Health Care | 0.9% |
| Planet Fitness Inc | Consumer Discretionary | 0.9% |
| Rubrik Inc | Information Technology | 0.9% |
| PTC Therapeutics Inc | Health Care | 0.9% |
| Unity Software Inc | Information Technology | 0.8% |
| Sportradar Group AG | Consumer Discretionary | 0.8% |
| Lyft Inc | Industrials | 0.8% |
| Universal Technical Institute Inc | Consumer Discretionary | 0.8% |
| Bloom Energy Corp | Industrials | 0.8% |
| Cidara Therapeutics Inc | Health Care | 0.8% |
| NEXTracker Inc | Industrials | 0.7% |
| HeartFlow Inc | Health Care | 0.7% |
| elf Beauty Inc | Consumer Staples | 0.7% |
| Waystar Holding Corp | Health Care | 0.7% |
| Dutch Bros Inc | Consumer Discretionary | 0.7% |
| Legence Corp | Industrials | 0.7% |
| Life Time Group Holdings Inc | Consumer Discretionary | 0.6% |
| Netskope Inc | Information Technology | 0.5% |
| Revolution Medicines Inc | Health Care | 0.5% |
| Woodward Inc | Industrials | 0.5% |
| Agilysys Inc | Information Technology | 0.5% |
| Nuvalent Inc | Health Care | 0.5% |
| TransMedics Group Inc | Health Care | 0.5% |
| Sterling Infrastructure Inc | Industrials | 0.5% |
| Generac Holdings Inc | Industrials | 0.5% |
| Figure Technology Solutions Inc | Financials | 0.5% |
| Oddity Tech Ltd | Consumer Staples | 0.4% |
| Vital Farms Inc | Consumer Staples | 0.4% |
| Bullish | Financials | 0.3% |
| Miami International Holdings Inc | Financials | 0.2% |
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 10/31/2025
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.2%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary |
4.5%
|
|
| Consumer Staples |
1.1%
|
|
| Energy | 0.0% | |
| Financials |
0.5%
|
|
| Health Care |
 4.6%
|
|
| Industrials |
4.9%
|
|
| Information Technology |
1.2%
|
|
| Materials |
1.6%
|
Portfolio Details as of 10/31/2025
- Total Net Assets
- $2.08 B
- Number of Holdings
- 82
- Weighted Average Market Cap.
- 13.3 B
- P/B Ratio
- 10.0x
- P/E Ratio
- 50.7x
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.
Dividends & Cap Gains
Dividends & Cap Gains
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/22/2021 | 11/23/2021 | $3.3406 | - | $3.3406 | $27.43 |
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.
Fees & Expenses
Fees & Expenses
Expense Ratioas of 11/30/2025
| Fund Gross Expense Ratio | 0.94% |
| Fund Net Expense Ratio | 0.94% |
Fund Documents
Fund Documents
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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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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SAI
Publish Date:11/03/2015
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Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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2025 Annual Tailored Shareholder Report
Publish Date:11/03/2015
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Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
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2025 Semi-Annual Tailored Shareholder 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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Fund Story
Publish Date:11/03/2015
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