Developing Growth Fund
Daily price w/o sales charge as of 07/19/2019
$31.52
$0.19
YTD Returns w/o sales charge as of 07/19/2019
42.30%
Overall Morningstar RatingsSmall Growth
as of 06/30/2019
Morningstar rated the Lord Abbett Developing Growth Fund class R6 share 5 stars among 583 Small Growth Funds for the overall rating and the 3 year periods ended 6/30/2019, 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 06/28/2019
- Total Net Assets
- $2.06 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.59%
- Number of Holdings
- 96
Fund Expense Ratio :
0.59%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 38.83% | 18.61% | 26.59% | 11.62% | 17.67% | - |
| 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% | - |
Fund Expense Ratio :
0.59%
Fund Expense Ratio :
0.59%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 38.83% | 18.61% | 26.59% | 11.62% | 17.67% | - |
| 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% | - |
Fund Expense Ratio :
0.59%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The performance quoted represents past performance, which is no indication 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. Therefore, there can be no assurance of future results.
TEN LARGEST HOLDINGS as of 06/28/2019View Portfolio
| Holding | Assets |
|---|---|
| Everbridge, Inc. | 2.6% |
| Tandem Diabetes Care, Inc. | 2.3% |
| Glaukos Corp. | 2.1% |
| Repligen Corp. | 2.0% |
| Planet Fitness, Inc. | 2.0% |
| Insperity, Inc. | 2.0% |
| Five9, Inc. | 2.0% |
| Chegg, Inc. | 1.9% |
| Alteryx Inc | 1.9% |
| Coupa Software 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 06/28/2019View 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 :
0.59%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 38.83% | 18.61% | 26.59% | 11.62% | 17.67% | - |
| 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% | - |
Fund Expense Ratio :
0.59%
Fund Expense Ratio :
0.59%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 38.83% | 18.61% | 26.59% | 11.62% | 17.67% | - |
| 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% | - |
Fund Expense Ratio :
0.59%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The performance quoted represents past performance, which is no indication 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. Therefore, there can be no assurance of future results.
| Year | Fund Returns | Russell 2000® Growth Index |
|---|
| 2018 | 5.42% | -9.31% |
| 2017 | 30.39% | 22.17% |
| 2016 | -2.33% | 11.32% |
| 2015 | -8.49% | -1.38% |
| 2014 | 3.70% | 5.60% |
| 2013 | 57.99% | 43.30% |
| 2012 | 10.88% | 14.59% |
| 2011 | -1.16% | -2.91% |
| 2010 | 37.21% | 29.09% |
| 2009 | 47.74% | 34.47% |
| 2008 | -47.24% | - |
| 2007 | 36.48% | - |
| 2006 | 13.02% | - |
| 2005 | 12.47% | - |
| 2004 | 6.54% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2019 | 27.13% | 9.20% | - | - | 42.30% |
| 2018 | 7.25% | 15.05% | 12.26% | -23.89% | 5.42% |
| 2017 | 8.48% | 4.13% | 7.16% | 7.73% | 30.39% |
| 2016 | -10.23% | 2.33% | 10.98% | -4.20% | -2.33% |
| 2015 | 7.22% | 2.73% | -15.60% | -1.57% | -8.49% |
| 2014 | 1.80% | 0.28% | -5.68% | 7.70% | 3.70% |
| 2013 | 13.64% | 10.16% | 18.92% | 6.12% | 57.99% |
| 2012 | 12.28% | -2.56% | 5.70% | -4.12% | 10.88% |
| 2011 | 10.36% | 1.64% | -20.75% | 11.20% | -1.16% |
| 2010 | 8.29% | -7.81% | 16.65% | 17.83% | 37.21% |
| 2009 | -2.02% | 24.54% | 14.28% | 5.95% | 47.74% |
| 2008 | -21.72% | 6.73% | -11.66% | -28.51% | -47.24% |
| 2007 | 4.79% | 13.71% | 10.00% | 4.13% | 36.48% |
| 2006 | 16.11% | -6.10% | -6.71% | 11.12% | 13.02% |
| 2005 | -5.73% | 5.89% | 9.75% | 2.66% | 12.47% |
| 2004 | - | - | - | 11.67% | 6.54% |
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 |
|---|
| Everbridge, Inc. | Information Technology | 2.6% |
| Tandem Diabetes Care, Inc. | Health Care | 2.3% |
| Glaukos Corp. | Health Care | 2.1% |
| Repligen Corp. | Health Care | 2.0% |
| Planet Fitness, Inc. | Consumer Discretionary | 2.0% |
| Insperity, Inc. | Industrials | 2.0% |
| Five9, Inc. | Information Technology | 2.0% |
| Chegg, Inc. | Consumer Discretionary | 1.9% |
| Alteryx Inc | Information Technology | 1.9% |
| Coupa Software 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 |
|---|
| Planet Fitness, Inc. | Consumer Discretionary | 2.7% |
| Tandem Diabetes Care, Inc. | Health Care | 2.7% |
| Everbridge, Inc. | Information Technology | 2.4% |
| Etsy, Inc. | Consumer Discretionary | 2.3% |
| Chegg, Inc. | Consumer Discretionary | 2.0% |
| Insperity, Inc. | Industrials | 2.0% |
| Glaukos Corp. | Health Care | 2.0% |
| Coupa Software Inc | Information Technology | 1.9% |
| Five9, Inc. | Information Technology | 1.9% |
| Repligen Corp. | Health Care | 1.8% |
| Roku Inc | Consumer Discretionary | 1.7% |
| Okta Inc | Information Technology | 1.7% |
| Trade Desk, Inc./The | Information Technology | 1.6% |
| Twilio, Inc. | Information Technology | 1.6% |
| Alteryx Inc | Information Technology | 1.6% |
| Bright Horizons Family Solutions, Inc. | Consumer Discretionary | 1.6% |
| Penumbra, Inc. | Health Care | 1.6% |
| CareDx Inc | Health Care | 1.5% |
| YETI Holdings Inc | Consumer Discretionary | 1.5% |
| Blueprint Medicines Corp. | Health Care | 1.4% |
| Grand Canyon Education, Inc. | Consumer Discretionary | 1.4% |
| Inspire Medical Systems Inc | Health Care | 1.4% |
| Fox Factory Holding Corp. | Consumer Discretionary | 1.4% |
| GW Pharmaceuticals plc | Health Care | 1.4% |
| New Relic, Inc. | Information Technology | 1.3% |
| Inphi Corp. | Information Technology | 1.3% |
| Paylocity Holding Corp. | Information Technology | 1.3% |
| Mimecast Ltd. | Information Technology | 1.3% |
| Axon Enterprise, Inc. | Industrials | 1.3% |
| Wix.com Ltd. | Information Technology | 1.3% |
| Zscaler Inc | Information Technology | 1.2% |
| Guardant Health Inc | Health Care | 1.2% |
| Argenx SE | Health Care | 1.2% |
| Cargurus Inc | Communication Services | 1.2% |
| Generac Holdings, Inc. | Industrials | 1.2% |
| Globant SA | Information Technology | 1.2% |
| eHealth, Inc. | Financials | 1.2% |
| Chart Industries, Inc. | Industrials | 1.2% |
| uniQure NV | Health Care | 1.2% |
| Verra Mobility Corp | Information Technology | 1.1% |
| Masimo Corp. | Health Care | 1.1% |
| Strategic Education, Inc. | Consumer Discretionary | 1.1% |
| Cactus Inc | Energy | 1.1% |
| Array Biopharma, Inc. | Health Care | 1.1% |
| HubSpot, Inc. | Information Technology | 1.0% |
| BJ's Wholesale Club Holdings Inc | Consumer Staples | 1.0% |
| World Wrestling Entertainment Inc | Communication Services | 1.0% |
| iRhythm Technologies, Inc. | Health Care | 1.0% |
| Malibu Boats, Inc. | Consumer Discretionary | 1.0% |
| Sage Therapeutics, Inc. | Health Care | 1.0% |
| iRobot Corp. | Consumer Discretionary | 1.0% |
| RingCentral, Inc. | Information Technology | 0.9% |
| RBC Bearings, Inc. | Industrials | 0.9% |
| Acacia Communications, Inc. | Information Technology | 0.9% |
| Beyond Meat Inc | Consumer Staples | 0.8% |
| Anaplan Inc | Information Technology | 0.8% |
| NV5 Global, Inc. | Industrials | 0.8% |
| Calavo Growers, Inc. | Consumer Staples | 0.8% |
| Paycom Software, Inc. | Information Technology | 0.8% |
| Denali Therapeutics Inc | Health Care | 0.8% |
| Mirati Therapeutics, Inc. | Health Care | 0.7% |
| Elastic NV | Information Technology | 0.7% |
| Coherus Biosciences, Inc. | Health Care | 0.7% |
| Monolithic Power Systems, Inc. | Information Technology | 0.7% |
| Appian Corp | Information Technology | 0.7% |
| Semtech Corp. | Information Technology | 0.7% |
| Jumia Technologies AG | Consumer Discretionary | 0.7% |
| Insulet Corp. | Health Care | 0.6% |
| Amarin Corp. plc | Health Care | 0.6% |
| Audentes Therapeutics Inc | Health Care | 0.6% |
| Dave & Buster's Entertainment, Inc. | Consumer Discretionary | 0.5% |
| Tactile Systems Technology, Inc. | Health Care | 0.5% |
| SVMK Inc | Information Technology | 0.5% |
| Lovesac Co/The | Consumer Discretionary | 0.5% |
| Upland Software Inc | Information Technology | 0.5% |
| Avalara Inc | Information Technology | 0.5% |
| Nevro Corp. | Health Care | 0.5% |
| Invitae Corp | Health Care | 0.5% |
| Novanta Inc | Information Technology | 0.5% |
| Teladoc Health | Health Care | 0.5% |
| Alarm.com Holdings, Inc. | Information Technology | 0.5% |
| CenterState Banks, Inc. | Financials | 0.5% |
| Trex Co., Inc. | Industrials | 0.5% |
| Webster Financial Corp. | Financials | 0.5% |
| Yext Inc | Information Technology | 0.4% |
| Evercore Partners, Inc. | Financials | 0.4% |
| Codexis Inc | Health Care | 0.4% |
| Sarepta Therapeutics, Inc. | Health Care | 0.4% |
| Allogene Therapeutics Inc | Health Care | 0.4% |
| Myovant Sciences Ltd | Health Care | 0.3% |
| Agios Pharmaceuticals, Inc. | Health Care | 0.3% |
| Pagerduty Inc | Information Technology | 0.3% |
| Wintrust Financial Corp. | Financials | 0.3% |
| Western Alliance Bancorp | Financials | 0.3% |
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 06/28/2019
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.7%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary |
0.7%
|
|
| Consumer Staples |
0.3%
|
|
| Energy | 0.0% | |
| Financials |
 0.1%
|
|
| Health Care |
0.8%
|
|
| Industrials |
0.4%
|
|
| Information Technology |
0.6%
|
|
| Materials | 0.0% |
Portfolio Details as of 06/28/2019
- Total Net Assets
- $2.06 B
- Number of Holdings
- 96
- Weighted Average Market Cap.
- 4.7 B
- P/B Ratio
- 9.3x
- P/E Ratio
- 42.7x
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 | $22.79 |
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 06/30/2019
| 0.59% |
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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