Developing Growth Fund
Daily price w/o sales charge as of 11/20/2018
$22.79
$6.73
YTD Returns w/o sales charge as of 11/20/2018
8.46%
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 10/31/2018
- Total Net Assets
- $1.87 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.60%
- Number of Holdings
- 92
- CUSIP
- 544006869
Fund Expense Ratio :
0.60%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 19.16% | 24.56% | 13.99% | 8.67% | 16.53% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 6.52% | 10.11% | 12.23% | 8.72% | 14.06% | - |
| Russell 2000® Growth Index | 1.11% | 4.13% | 10.72% | 8.75% | 13.89% | - |
Fund Expense Ratio :
0.60%
Fund Expense Ratio :
0.60%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 38.51% | 49.22% | 20.19% | 12.18% | 15.43% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 20.87% | 27.32% | 18.73% | 11.94% | 12.82% | - |
| Russell 2000® Growth Index | 15.76% | 21.06% | 17.98% | 12.14% | 12.65% | - |
Fund Expense Ratio :
0.60%
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 10/31/2018View Portfolio
| Holding | Assets |
|---|---|
| Insperity, Inc. | 2.3% |
| Planet Fitness, Inc. | 2.2% |
| Aerovironment, Inc. | 2.2% |
| Grand Canyon Education, Inc. | 2.1% |
| World Wrestling Entertainment Inc | 2.0% |
| Insulet Corp. | 2.0% |
| Glaukos Corp. | 1.9% |
| Penumbra, Inc. | 1.8% |
| Cactus Inc | 1.8% |
| Trade Desk, Inc./The | 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 10/31/2018View 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 :
0.60%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 19.16% | 24.56% | 13.99% | 8.67% | 16.53% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 6.52% | 10.11% | 12.23% | 8.72% | 14.06% | - |
| Russell 2000® Growth Index | 1.11% | 4.13% | 10.72% | 8.75% | 13.89% | - |
Fund Expense Ratio :
0.60%
Fund Expense Ratio :
0.60%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 38.51% | 49.22% | 20.19% | 12.18% | 15.43% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 20.87% | 27.32% | 18.73% | 11.94% | 12.82% | - |
| Russell 2000® Growth Index | 15.76% | 21.06% | 17.98% | 12.14% | 12.65% | - |
Fund Expense Ratio :
0.60%
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 |
|---|
| 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% | -38.54% |
| 2007 | 36.48% | - |
| 2006 | 13.02% | - |
| 2005 | 12.47% | - |
| 2004 | 6.54% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2018 | 7.25% | 15.05% | 12.26% | - | 8.46% |
| 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 |
|---|
| Insperity, Inc. | Industrials | 2.3% |
| Planet Fitness, Inc. | Consumer Discretionary | 2.2% |
| Aerovironment, Inc. | Industrials | 2.2% |
| Grand Canyon Education, Inc. | Consumer Discretionary | 2.1% |
| World Wrestling Entertainment Inc | Communication Services | 2.0% |
| Insulet Corp. | Health Care | 2.0% |
| Glaukos Corp. | Health Care | 1.9% |
| Penumbra, Inc. | Health Care | 1.8% |
| Cactus Inc | Energy | 1.8% |
| Trade Desk, Inc./The | Information Technology | 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 |
|---|
| World Wrestling Entertainment Inc | Communication Services | 2.3% |
| Aerovironment, Inc. | Industrials | 2.3% |
| Trade Desk, Inc./The | Information Technology | 2.2% |
| Planet Fitness, Inc. | Consumer Discretionary | 2.1% |
| Insperity, Inc. | Industrials | 2.1% |
| Roku Inc | Consumer Discretionary | 2.0% |
| Insulet Corp. | Health Care | 2.0% |
| Penumbra, Inc. | Health Care | 1.7% |
| Everbridge, Inc. | Information Technology | 1.7% |
| Teladoc Health | Health Care | 1.7% |
| Grand Canyon Education, Inc. | Consumer Discretionary | 1.6% |
| Coupa Software Inc | Information Technology | 1.5% |
| Glaukos Corp. | Health Care | 1.5% |
| Inogen, Inc. | Health Care | 1.5% |
| RingCentral, Inc. | Information Technology | 1.4% |
| GW Pharmaceuticals plc | Health Care | 1.4% |
| iRhythm Technologies, Inc. | Health Care | 1.4% |
| Axon Enterprise, Inc. | Industrials | 1.4% |
| Weight Watchers International, Inc. | Consumer Discretionary | 1.4% |
| Okta Inc | Information Technology | 1.4% |
| Five9, Inc. | Information Technology | 1.4% |
| Twilio, Inc. | Information Technology | 1.4% |
| HealthEquity, Inc. | Health Care | 1.4% |
| Trex Co., Inc. | Industrials | 1.3% |
| Loxo Oncology Inc | Health Care | 1.3% |
| Mimecast Ltd. | Information Technology | 1.3% |
| iRobot Corp. | Consumer Discretionary | 1.3% |
| Cactus Inc | Energy | 1.3% |
| CenterState Banks, Inc. | Financials | 1.3% |
| Chegg, Inc. | Consumer Discretionary | 1.2% |
| HubSpot, Inc. | Information Technology | 1.2% |
| Tandem Diabetes Care, Inc. | Health Care | 1.2% |
| At Home Group Inc | Consumer Discretionary | 1.2% |
| RBC Bearings, Inc. | Industrials | 1.2% |
| EPAM Systems, Inc. | Information Technology | 1.2% |
| Generac Holdings, Inc. | Industrials | 1.2% |
| Hamilton Lane Inc | Financials | 1.2% |
| Air Lease Corp. | Industrials | 1.1% |
| Etsy, Inc. | Consumer Discretionary | 1.1% |
| Evercore Partners, Inc. | Financials | 1.1% |
| Zscaler Inc | Information Technology | 1.1% |
| Sarepta Therapeutics, Inc. | Health Care | 1.0% |
| Western Alliance Bancorp | Financials | 1.0% |
| FibroGen Inc | Health Care | 1.0% |
| Paycom Software, Inc. | Information Technology | 1.0% |
| Monolithic Power Systems, Inc. | Information Technology | 1.0% |
| Paylocity Holding Corp. | Information Technology | 1.0% |
| Semtech Corp. | Information Technology | 1.0% |
| Moelis & Co. | Financials | 0.9% |
| Calavo Growers, Inc. | Consumer Staples | 0.9% |
| Talend SA | Information Technology | 0.9% |
| New Relic, Inc. | Information Technology | 0.9% |
| Zendesk, Inc. | Information Technology | 0.9% |
| Proto Labs, Inc. | Industrials | 0.9% |
| Cadence BanCorp | Financials | 0.9% |
| Wintrust Financial Corp. | Financials | 0.8% |
| Canada Goose Holdings Inc | Consumer Discretionary | 0.8% |
| Alteryx Inc | Information Technology | 0.8% |
| Stamps.com, Inc. | Consumer Discretionary | 0.8% |
| Curtiss-Wright Corp. | Industrials | 0.8% |
| Blueprint Medicines Corp. | Health Care | 0.8% |
| Myovant Sciences Ltd | Health Care | 0.8% |
| Webster Financial Corp. | Financials | 0.8% |
| Stitch Fix Inc | Consumer Discretionary | 0.8% |
| Cargurus Inc | Communication Services | 0.8% |
| Immunomedics, Inc. | Health Care | 0.8% |
| Sage Therapeutics, Inc. | Health Care | 0.7% |
| Cision Ltd | Information Technology | 0.7% |
| Ultragenyx Pharmaceutical, Inc. | Health Care | 0.7% |
| Eventbrite Inc | Communication Services | 0.7% |
| Audentes Therapeutics Inc | Health Care | 0.7% |
| Agios Pharmaceuticals, Inc. | Health Care | 0.7% |
| Lumentum Holdings, Inc. | Information Technology | 0.7% |
| Aspen Technology, Inc. | Information Technology | 0.6% |
| Malibu Boats, Inc. | Consumer Discretionary | 0.6% |
| Amicus Therapeutics, Inc. | Health Care | 0.6% |
| Amarin Corp. plc | Health Care | 0.6% |
| Chart Industries, Inc. | Industrials | 0.6% |
| Atlas Air Worldwide Holdings, Inc. | Industrials | 0.5% |
| SendGrid Inc | Information Technology | 0.5% |
| Yext Inc | Information Technology | 0.5% |
| NV5 Global, Inc. | Industrials | 0.5% |
| Appian Corp | Information Technology | 0.5% |
| SiteOne Landscape Supply, Inc. | Industrials | 0.5% |
| AnaptysBio Inc | Health Care | 0.4% |
| Zuora Inc | Information Technology | 0.4% |
| 2U, Inc. | Information Technology | 0.4% |
| Proofpoint, Inc. | Information Technology | 0.4% |
| Carbon Black Inc | Information Technology | 0.4% |
| Sonos Inc | Consumer Discretionary | 0.4% |
| Denali Therapeutics Inc | Health Care | 0.4% |
| Live Nation Entertainment, Inc. | Communication Services | 0.3% |
| XPO Logistics, Inc. | Industrials | 0.3% |
| Spark Therapeutics, 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 10/31/2018
| 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 |
0.2%
|
|
| Consumer Staples |
1.0%
|
|
| Energy |
0.5%
|
|
| Financials |
1.3%
|
|
| Health Care |
1.3%
|
|
| Industrials |
0.4%
|
|
| Information Technology |
2.7%
|
|
| Materials | 0.0% |
Portfolio Details as of 10/31/2018
- Total Net Assets
- $1.87 B
- Number of Holdings
- 92
- Weighted Average Market Cap.
- 3.9 B
- P/B Ratio
- 7.2x
- Portfolio Turnover Ratio as of 07/31/2017
- 134.4%
- P/E Ratio
- 31.0x
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 09/28/2018
Contributors
| Holding | Contribution |
|---|---|
| Roku Inc | 1.1% |
| SodaStream International Ltd. | 1.0% |
| Aerovironment, Inc. | 0.9% |
| Trade Desk, Inc./The | 0.9% |
| World Wrestling Entr | 0.7% |
Detractors
| Holding | Contribution |
|---|---|
| Weight Watchers International, Inc. | -0.5% |
| Spark Therapeutics, Inc. | -0.4% |
| At Home Group Inc | -0.3% |
| Scientific Games Corp. | -0.3% |
| MasTec, Inc. | -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 |
|---|---|---|
| 11/19/2018 | 11/20/2018 | 11/20/2018 |
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 |
|---|---|
| 11/19/2018 | 11/20/2018 |
Fees & Expenses
Fees & Expenses
Expense Ratioas of 10/31/2018
| 0.60% |
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
Publish Date:11/03/2015
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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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