Developing Growth Fund
Daily price w/o sales charge as of 08/10/2020
$31.37
$0.52
YTD Returns w/o sales charge as of 08/10/2020
27.37%
Overall Morningstar RatingsSmall Growth
as of 07/31/2020
Morningstar rated the Lord Abbett Developing Growth Fund class R6 share 5 and 4 stars among 578 and 510 Small Growth Funds for the overall rating and the 3 and 5 year periods ended 7/31/2020, 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 06/30/2020
- Total Net Assets
- $2.33 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.60%
- Number of Holdings
- 99
Fund Expense Ratio :
0.60%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 24.81% | 15.61% | 25.45% | 12.95% | 16.77% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 6.77% | 9.64% | 12.53% | 9.66% | 13.08% | - |
| Russell 2000® Growth Index | 0.27% | 6.00% | 8.77% | 7.49% | 12.58% | - |
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 | 17.01% | 11.59% | 23.53% | 11.56% | 16.73% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 1.19% | 5.49% | 11.00% | 8.64% | 13.15% | - |
| Russell 2000® Growth Index | -3.06% | 3.48% | 7.86% | 6.86% | 12.92% | - |
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 06/30/2020View Portfolio
| Holding | Assets |
|---|---|
| Inphi Corp. | 2.6% |
| Redfin Corp | 2.4% |
| Five9, Inc. | 2.2% |
| Generac Holdings, Inc. | 2.1% |
| YETI Holdings Inc | 2.0% |
| SVMK Inc | 2.0% |
| Axon Enterprise, Inc. | 1.8% |
| Everbridge, Inc. | 1.7% |
| LGI Homes, Inc. | 1.6% |
| Wingstop, Inc. | 1.6% |
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 06/30/2020View 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
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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 | 24.81% | 15.61% | 25.45% | 12.95% | 16.77% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 6.77% | 9.64% | 12.53% | 9.66% | 13.08% | - |
| Russell 2000® Growth Index | 0.27% | 6.00% | 8.77% | 7.49% | 12.58% | - |
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 | 17.01% | 11.59% | 23.53% | 11.56% | 16.73% | - |
| Lipper Category Avg. Small-Cap Growth Funds | 1.19% | 5.49% | 11.00% | 8.64% | 13.15% | - |
| Russell 2000® Growth Index | -3.06% | 3.48% | 7.86% | 6.86% | 12.92% | - |
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% | - | - | 27.37% |
| 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 |
|---|
| Inphi Corp. | Information Technology | 2.6% |
| Redfin Corp | Real Estate | 2.4% |
| Five9, Inc. | Information Technology | 2.2% |
| Generac Holdings, Inc. | Industrials | 2.1% |
| YETI Holdings Inc | Consumer Discretionary | 2.0% |
| SVMK Inc | Information Technology | 2.0% |
| Axon Enterprise, Inc. | Industrials | 1.8% |
| Everbridge, Inc. | Information Technology | 1.7% |
| LGI Homes, Inc. | Consumer Discretionary | 1.6% |
| Wingstop, Inc. | Consumer Discretionary | 1.6% |
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 |
|---|
| Inphi Corp. | Information Technology | 2.6% |
| Redfin Corp | Real Estate | 2.4% |
| Five9, Inc. | Information Technology | 2.2% |
| Generac Holdings, Inc. | Industrials | 2.1% |
| YETI Holdings Inc | Consumer Discretionary | 2.0% |
| SVMK Inc | Information Technology | 2.0% |
| Axon Enterprise, Inc. | Industrials | 1.8% |
| Everbridge, Inc. | Information Technology | 1.7% |
| LGI Homes, Inc. | Consumer Discretionary | 1.6% |
| Wingstop, Inc. | Consumer Discretionary | 1.6% |
| Avalara Inc | Information Technology | 1.6% |
| Inspire Medical Systems Inc | Health Care | 1.6% |
| Helen of Troy Ltd. | Consumer Discretionary | 1.6% |
| Fiverr International Ltd | Consumer Discretionary | 1.5% |
| Monolithic Power Systems, Inc. | Information Technology | 1.5% |
| Chegg, Inc. | Consumer Discretionary | 1.4% |
| Evoqua Water Technologies Corp | Industrials | 1.4% |
| Paylocity Holding Corp. | Information Technology | 1.4% |
| MKS Instruments, Inc. | Information Technology | 1.4% |
| Tandem Diabetes Care, Inc. | Health Care | 1.4% |
| National Vision Holdings Inc | Consumer Discretionary | 1.4% |
| Repligen Corp. | Health Care | 1.3% |
| Mirati Therapeutics, Inc. | Health Care | 1.3% |
| Arena Pharmaceuticals, Inc. | Health Care | 1.3% |
| Globant SA | Information Technology | 1.3% |
| Nevro Corp. | Health Care | 1.3% |
| Immunomedics, Inc. | Health Care | 1.3% |
| Malibu Boats, Inc. | Consumer Discretionary | 1.3% |
| Trex Co., Inc. | Industrials | 1.2% |
| Lumentum Holdings, Inc. | Information Technology | 1.2% |
| Blackline, Inc. | Information Technology | 1.2% |
| Natera, Inc. | Health Care | 1.2% |
| Appian Corp | Information Technology | 1.1% |
| Goosehead Insurance Inc | Financials | 1.1% |
| Deckers Outdoor Corp. | Consumer Discretionary | 1.1% |
| Federal Signal Corp. | Industrials | 1.1% |
| Winnebago Industries, Inc. | Consumer Discretionary | 1.1% |
| Argenx SE | Health Care | 1.1% |
| Q2 Holdings, Inc. | Information Technology | 1.0% |
| Bridgebio Pharma Inc | Health Care | 1.0% |
| Semtech Corp. | Information Technology | 1.0% |
| Boston Beer Co., Inc. | Consumer Staples | 1.0% |
| Strategic Education, Inc. | Consumer Discretionary | 1.0% |
| Restoration Hardware Holdings, Inc. | Consumer Discretionary | 1.0% |
| Penumbra, Inc. | Health Care | 1.0% |
| Limelight Networks, Inc. | Information Technology | 1.0% |
| SolarEdge Technologies, Inc. | Information Technology | 0.9% |
| Assetmark Financial Holdings Inc | Financials | 0.9% |
| ChemoCentryx Inc | Health Care | 0.9% |
| AZEK Co Inc/The | Industrials | 0.9% |
| iRhythm Technologies, Inc. | Health Care | 0.9% |
| Freshpet, Inc. | Consumer Staples | 0.9% |
| Vroom Inc | Consumer Discretionary | 0.9% |
| Endava PLC | Information Technology | 0.8% |
| Enphase Energy, Inc. | Information Technology | 0.8% |
| FTI Consulting, Inc. | Industrials | 0.8% |
| Acceleron Pharma, Inc. | Health Care | 0.8% |
| Alteryx Inc | Information Technology | 0.8% |
| frontdoor Inc | Consumer Discretionary | 0.8% |
| Axonics Modulation Technologies Inc | Health Care | 0.8% |
| Constellation Pharmaceuticals Inc | Health Care | 0.8% |
| Blueprint Medicines Corp. | Health Care | 0.7% |
| XPO Logistics, Inc. | Industrials | 0.7% |
| Turning Point Therapeutics Inc | Health Care | 0.7% |
| Grocery Outlet Holding Corp | Consumer Staples | 0.7% |
| Stamps.com, Inc. | Consumer Discretionary | 0.7% |
| Karuna Therapeutics Inc | Health Care | 0.7% |
| CRISPR Therapeutics AG | Health Care | 0.7% |
| Schrodinger Inc/United States | Health Care | 0.7% |
| Cirrus Logic, Inc. | Information Technology | 0.7% |
| MyoKardia Inc | Health Care | 0.7% |
| Iovance Biotherapeutics Inc | Health Care | 0.6% |
| Deciphera Pharmaceuticals Inc | Health Care | 0.6% |
| Guardant Health Inc | Health Care | 0.6% |
| Mine Safety Appliance Co. | Industrials | 0.6% |
| Rocket Pharmaceuticals Inc | Health Care | 0.6% |
| Peloton Interactive Inc | Consumer Discretionary | 0.5% |
| Myovant Sciences Ltd | Health Care | 0.5% |
| MasTec, Inc. | Industrials | 0.5% |
| Cardlytics Inc | Information Technology | 0.5% |
| 10X Genomics Inc | Health Care | 0.5% |
| GW Pharmaceuticals plc | Health Care | 0.5% |
| Sprout Social Inc | Information Technology | 0.5% |
| TG Therapeutics, Inc. | Health Care | 0.5% |
| Shift4 Payments Inc | Information Technology | 0.5% |
| RealReal Inc/The | Consumer Discretionary | 0.5% |
| Silicon Laboratories, Inc. | Information Technology | 0.5% |
| Western Alliance Bancorp | Financials | 0.4% |
| PTC Therapeutics, Inc. | Health Care | 0.4% |
| Coherus Biosciences, Inc. | Health Care | 0.4% |
| Dunkin' Brands, Inc. | Consumer Discretionary | 0.4% |
| Lyft Inc | Industrials | 0.4% |
| Zymeworks Inc | Health Care | 0.4% |
| Qualys, Inc. | Information Technology | 0.4% |
| eHealth, Inc. | Financials | 0.3% |
| CEVA, Inc. | Information Technology | 0.3% |
| Chart Industries, Inc. | Industrials | 0.3% |
| Planet Fitness, Inc. | Consumer Discretionary | 0.3% |
| NextCure Inc | Health Care | 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 06/30/2020
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 0.1%
|
|
| Real Estate |
1.1%
|
|
| Utilities | 0.0% | |
| Not Classified | 0.0% | |
| Consumer Discretionary |
7.0%
|
|
| Consumer Staples |
0.5%
|
|
| Energy | 0.0% | |
| Financials |
2.2%
|
|
| Health Care |
4.5%
|
|
| Industrials |
0.3%
|
|
| Information Technology |
0.4%
|
|
| Materials | 0.0% |
Portfolio Details as of 06/30/2020
- Total Net Assets
- $2.33 B
- Number of Holdings
- 99
- Weighted Average Market Cap.
- 4.7 B
- P/B Ratio
- 7.3x
- P/E Ratio
- 31.9x
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 06/30/2020
Contributors
| Holding | Contribution |
|---|---|
| Redfin Corp | 2.2% |
| Yeti Hldgs Inc | 1.7% |
| Chegg, Inc. | 1.6% |
| Inphi Corp. | 1.3% |
| Svmk Inc | 1.2% |
Detractors
| Holding | Contribution |
|---|---|
| eHealth, Inc. | -0.7% |
| Constellation Pharmceti | -0.3% |
| Nextcure Inc | -0.2% |
| FTI Consulting, Inc. | -0.1% |
| Myokardia Inc | -0.1% |
% 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
| 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 07/31/2020
| 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
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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