Developing Growth Fund
Daily price w/o sales charge as of 10/23/2020
$36.01
$0.30
YTD Returns w/o sales charge as of 10/23/2020
46.20%
Overall Morningstar RatingsSmall Growth
as of 09/30/2020
Morningstar rated the Lord Abbett Developing Growth Fund class R6 share 5 and 4 stars among 579 and 513 Small Growth Funds for the overall rating and the 3 and 5 year periods ended 9/30/2020, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
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 09/30/2020
- Total Net Assets
- $2.97 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.60%
- Number of Holdings
- 97
Fund Expense Ratio :
0.60%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 35.73% | 45.91% | 26.84% | 18.88% | 16.66% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 9.81% | 19.97% | 12.00% | 13.09% | 12.64% | - |
| Russell 2000® Growth Index | 3.88% | 15.71% | 8.18% | 11.42% | 12.34% | - |
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 | 35.73% | 45.91% | 26.84% | 18.88% | 16.66% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 9.81% | 19.97% | 12.00% | 13.09% | 12.64% | - |
| Russell 2000® Growth Index | 3.88% | 15.71% | 8.18% | 11.42% | 12.34% | - |
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 for future results.
TEN LARGEST HOLDINGS as of 09/30/2020View Portfolio
| Holding | Assets |
|---|---|
| Fiverr International Ltd | 2.4% |
| Redfin Corp | 2.4% |
| iRhythm Technologies, Inc. | 2.2% |
| Five9, Inc. | 2.1% |
| Inphi Corp. | 2.1% |
| Inspire Medical Systems Inc | 1.9% |
| Generac Holdings, Inc. | 1.8% |
| LGI Homes, Inc. | 1.8% |
| Restoration Hardware Holdings, Inc. | 1.8% |
| Vivint Solar, 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 09/30/2020View 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 :
0.60%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 35.73% | 45.91% | 26.84% | 18.88% | 16.66% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 9.81% | 19.97% | 12.00% | 13.09% | 12.64% | - |
| Russell 2000® Growth Index | 3.88% | 15.71% | 8.18% | 11.42% | 12.34% | - |
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 | 35.73% | 45.91% | 26.84% | 18.88% | 16.66% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 9.81% | 19.97% | 12.00% | 13.09% | 12.64% | - |
| Russell 2000® Growth Index | 3.88% | 15.71% | 8.18% | 11.42% | 12.34% | - |
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 for future results.
| Year | Fund Returns | Russell 2000® Growth Index |
|---|
| 2019 | 32.40% | 28.48% |
| 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% | - |
| 2008 | -47.24% | - |
| 2007 | 36.48% | - |
| 2006 | 13.02% | - |
| 2005 | 12.47% | - |
| 2004 | 6.54% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2020 | -16.85% | 40.72% | 16.00% | - | 46.20% |
| 2019 | 27.13% | 9.20% | -11.28% | 7.50% | 32.40% |
| 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 |
|---|
| Fiverr International Ltd | Consumer Discretionary | 2.4% |
| Redfin Corp | Real Estate | 2.4% |
| iRhythm Technologies, Inc. | Health Care | 2.2% |
| Five9, Inc. | Information Technology | 2.1% |
| Inphi Corp. | Information Technology | 2.1% |
| Inspire Medical Systems Inc | Health Care | 1.9% |
| Generac Holdings, Inc. | Industrials | 1.8% |
| LGI Homes, Inc. | Consumer Discretionary | 1.8% |
| Restoration Hardware Holdings, Inc. | Consumer Discretionary | 1.8% |
| Vivint Solar, Inc. | Industrials | 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 |
|---|
| Redfin Corp | Real Estate | 2.3% |
| Fiverr International Ltd | Consumer Discretionary | 2.3% |
| Inphi Corp. | Information Technology | 2.2% |
| Five9, Inc. | Information Technology | 2.2% |
| iRhythm Technologies, Inc. | Health Care | 2.1% |
| Generac Holdings, Inc. | Industrials | 2.0% |
| Inspire Medical Systems Inc | Health Care | 1.9% |
| LGI Homes, Inc. | Consumer Discretionary | 1.8% |
| Wingstop, Inc. | Consumer Discretionary | 1.8% |
| Helen of Troy Ltd. | Consumer Discretionary | 1.6% |
| SVMK Inc | Information Technology | 1.6% |
| Restoration Hardware Holdings, Inc. | Consumer Discretionary | 1.6% |
| Everbridge, Inc. | Information Technology | 1.6% |
| Natera, Inc. | Health Care | 1.5% |
| Stamps.com, Inc. | Consumer Discretionary | 1.5% |
| Mirati Therapeutics, Inc. | Health Care | 1.5% |
| Boston Beer Co., Inc. | Consumer Staples | 1.5% |
| Repligen Corp. | Health Care | 1.5% |
| National Vision Holdings Inc | Consumer Discretionary | 1.5% |
| MKS Instruments, Inc. | Information Technology | 1.4% |
| Immunomedics, Inc. | Health Care | 1.4% |
| Axon Enterprise, Inc. | Industrials | 1.4% |
| Vivint Solar, Inc. | Industrials | 1.4% |
| Tandem Diabetes Care, Inc. | Health Care | 1.4% |
| Evoqua Water Technologies Corp | Industrials | 1.3% |
| Globant SA | Information Technology | 1.3% |
| Goosehead Insurance Inc | Financials | 1.3% |
| Malibu Boats, Inc. | Consumer Discretionary | 1.3% |
| Deckers Outdoor Corp. | Consumer Discretionary | 1.3% |
| Nevro Corp. | Health Care | 1.3% |
| YETI Holdings Inc | Consumer Discretionary | 1.3% |
| Arena Pharmaceuticals, Inc. | Health Care | 1.3% |
| Paylocity Holding Corp. | Information Technology | 1.2% |
| Appian Corp | Information Technology | 1.2% |
| Emergent Biosolutions, Inc. | Health Care | 1.1% |
| Enphase Energy, Inc. | Information Technology | 1.1% |
| Lumentum Holdings, Inc. | Information Technology | 1.1% |
| TG Therapeutics, Inc. | Health Care | 1.1% |
| Axonics Modulation Technologies Inc | Health Care | 1.1% |
| Monolithic Power Systems, Inc. | Information Technology | 1.1% |
| Acceleron Pharma, Inc. | Health Care | 1.1% |
| Blackline, Inc. | Information Technology | 1.1% |
| Q2 Holdings, Inc. | Information Technology | 1.0% |
| Chart Industries, Inc. | Industrials | 1.0% |
| Endava PLC | Information Technology | 1.0% |
| Freshpet, Inc. | Consumer Staples | 1.0% |
| Semtech Corp. | Information Technology | 1.0% |
| CEVA, Inc. | Information Technology | 1.0% |
| Trex Co., Inc. | Industrials | 1.0% |
| MyoKardia Inc | Health Care | 1.0% |
| Penumbra, Inc. | Health Care | 1.0% |
| Federal Signal Corp. | Industrials | 0.9% |
| AZEK Co Inc/The | Industrials | 0.9% |
| Sprout Social Inc | Information Technology | 0.9% |
| Grocery Outlet Holding Corp | Consumer Staples | 0.9% |
| Avalara Inc | Information Technology | 0.8% |
| Overstock.com, Inc. | Consumer Discretionary | 0.8% |
| Turning Point Therapeutics Inc | Health Care | 0.8% |
| CRISPR Therapeutics AG | Health Care | 0.8% |
| Shift4 Payments Inc | Information Technology | 0.8% |
| Winnebago Industries, Inc. | Consumer Discretionary | 0.8% |
| Rocket Pharmaceuticals Inc | Health Care | 0.7% |
| XPO Logistics, Inc. | Industrials | 0.7% |
| Crocs, Inc. | Consumer Discretionary | 0.7% |
| ChemoCentryx Inc | Health Care | 0.7% |
| Penn National Gaming, Inc. | Consumer Discretionary | 0.7% |
| Cardlytics Inc | Information Technology | 0.7% |
| FTI Consulting, Inc. | Industrials | 0.7% |
| Iovance Biotherapeutics Inc | Health Care | 0.7% |
| Silk Road Medical Inc | Health Care | 0.7% |
| Guardant Health Inc | Health Care | 0.6% |
| Limelight Networks, Inc. | Information Technology | 0.6% |
| Invitae Corp | Health Care | 0.6% |
| Schrodinger Inc/United States | Health Care | 0.6% |
| Argenx SE | Health Care | 0.6% |
| Berkeley Lights Inc | Health Care | 0.5% |
| Yext Inc | Information Technology | 0.5% |
| Jamf Holding Corp | Information Technology | 0.5% |
| RealReal Inc/The | Consumer Discretionary | 0.5% |
| Bridgebio Pharma Inc | Health Care | 0.5% |
| Blueprint Medicines Corp. | Health Care | 0.5% |
| Mine Safety Appliance Co. | Industrials | 0.5% |
| Allogene Therapeutics Inc | Health Care | 0.5% |
| Myovant Sciences Ltd | Health Care | 0.5% |
| Digital Turbine Inc | Information Technology | 0.5% |
| Constellation Pharmaceuticals Inc | Health Care | 0.5% |
| Chegg, Inc. | Consumer Discretionary | 0.5% |
| frontdoor Inc | Consumer Discretionary | 0.5% |
| Calix Networks, Inc. | Information Technology | 0.4% |
| Qualys, Inc. | Information Technology | 0.4% |
| 2U, Inc. | Information Technology | 0.4% |
| Karuna Therapeutics Inc | Health Care | 0.4% |
| Deciphera Pharmaceuticals Inc | Health Care | 0.4% |
| Coherus Biosciences, Inc. | Health Care | 0.4% |
| Relay Therapeutics Inc | Health Care | 0.3% |
| Lemonade Inc | Financials | 0.2% |
| nCino Inc | Information Technology | 0.0% |
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 09/30/2020
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.4%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Not Classified | 0.0% | |
| Consumer Discretionary |
 0.8%
|
|
| Consumer Staples |
0.4%
|
|
| Energy | 0.0% | |
| Financials |
1.4%
|
|
| Health Care |
5.6%
|
|
| Industrials |
0.5%
|
|
| Information Technology |
2.3%
|
|
| Materials | 0.0% |
Portfolio Details as of 09/30/2020
- Total Net Assets
- $2.97 B
- Number of Holdings
- 97
- Weighted Average Market Cap.
- 5.0 B
- P/B Ratio
- 8.3x
- P/E Ratio
- 37.7x
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 09/30/2020
Contributors
| Holding | Contribution |
|---|---|
| Immunomedics, Inc. | 1.7% |
| Fiverr Intl Ltd | 1.4% |
| iRhythm Technologies, Inc. | 1.3% |
| Vivint Solar, Inc. | 1.0% |
| Generac Holdings, Inc. | 0.9% |
Detractors
| Holding | Contribution |
|---|---|
| Overstock.com, Inc. | -0.5% |
| Schrodinger Inc | -0.4% |
| Myovant Sciences Ltd | -0.3% |
| Winnebago Industries, Inc. | -0.3% |
| Constellation Pharmceti | -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 |
|---|---|---|
| 11/23/2020 | 11/24/2020 | 11/24/2020 |
Capital Gains Distributions
Click Here To View Estimated Capital Gain Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/20/2019 | 11/21/2019 | $4.4885 | - | $4.4885 | $23.54 |
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 |
|---|---|
| 11/23/2020 | 11/24/2020 |
Fees & Expenses
Fees & Expenses
Expense Ratioas of 09/30/2020
| 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
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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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