Developing Growth Fund
Daily price w/o sales charge as of 01/14/2019
$23.67
$0.35
YTD Returns w/o sales charge as of 01/14/2019
6.86%
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 12/31/2018
- Total Net Assets
- $1.59 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.59%
- Number of Holdings
- 94
- CUSIP
- 544006869
Fund Expense Ratio :
0.59%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 5.42% | 5.42% | 10.32% | 4.96% | 16.16% | - |
| Lipper Category Avg. Small-Cap Growth Funds | -4.53% | -4.53% | 8.78% | 5.26% | 13.66% | - |
| Russell 2000® Growth Index | -9.31% | -9.31% | 7.24% | 5.13% | 13.52% | - |
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 | 5.42% | 5.42% | 10.32% | 4.96% | 16.16% | - |
| Lipper Category Avg. Small-Cap Growth Funds | -4.53% | -4.53% | 8.78% | 5.26% | 13.66% | - |
| Russell 2000® Growth Index | -9.31% | -9.31% | 7.24% | 5.13% | 13.52% | - |
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 12/31/2018View Portfolio
| Holding | Assets |
|---|---|
| Planet Fitness, Inc. | 2.9% |
| Etsy, Inc. | 2.5% |
| Chegg, Inc. | 2.4% |
| Insperity, Inc. | 2.3% |
| Glaukos Corp. | 2.2% |
| Five9, Inc. | 2.0% |
| Aerovironment, Inc. | 2.0% |
| Grand Canyon Education, Inc. | 2.0% |
| Penumbra, Inc. | 2.0% |
| Tandem Diabetes Care, 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 12/31/2018View 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 :
0.59%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception |
|---|
| w/o sales charge | 5.42% | 5.42% | 10.32% | 4.96% | 16.16% | - |
| Lipper Category Avg. Small-Cap Growth Funds | -4.53% | -4.53% | 8.78% | 5.26% | 13.66% | - |
| Russell 2000® Growth Index | -9.31% | -9.31% | 7.24% | 5.13% | 13.52% | - |
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 | 5.42% | 5.42% | 10.32% | 4.96% | 16.16% | - |
| Lipper Category Avg. Small-Cap Growth Funds | -4.53% | -4.53% | 8.78% | 5.26% | 13.66% | - |
| Russell 2000® Growth Index | -9.31% | -9.31% | 7.24% | 5.13% | 13.52% | - |
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 | - | - | - | - | 6.86% |
| 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 |
|---|
| Planet Fitness, Inc. | Consumer Discretionary | 2.9% |
| Etsy, Inc. | Consumer Discretionary | 2.5% |
| Chegg, Inc. | Consumer Discretionary | 2.4% |
| Insperity, Inc. | Industrials | 2.3% |
| Glaukos Corp. | Health Care | 2.2% |
| Five9, Inc. | Information Technology | 2.0% |
| Aerovironment, Inc. | Industrials | 2.0% |
| Grand Canyon Education, Inc. | Consumer Discretionary | 2.0% |
| Penumbra, Inc. | Health Care | 2.0% |
| Tandem Diabetes Care, Inc. | Health Care | 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 | 2.6% |
| Etsy, Inc. | Consumer Discretionary | 2.5% |
| Glaukos Corp. | Health Care | 2.2% |
| Grand Canyon Education, Inc. | Consumer Discretionary | 2.2% |
| Insperity, Inc. | Industrials | 2.1% |
| Aerovironment, Inc. | Industrials | 2.0% |
| Penumbra, Inc. | Health Care | 1.9% |
| RBC Bearings, Inc. | Industrials | 1.8% |
| Five9, Inc. | Information Technology | 1.7% |
| Generac Holdings, Inc. | Industrials | 1.7% |
| HealthEquity, Inc. | Health Care | 1.6% |
| Chegg, Inc. | Consumer Discretionary | 1.5% |
| Tandem Diabetes Care, Inc. | Health Care | 1.5% |
| Everbridge, Inc. | Information Technology | 1.5% |
| Trade Desk, Inc./The | Information Technology | 1.5% |
| Insulet Corp. | Health Care | 1.5% |
| Repligen Corp. | Health Care | 1.5% |
| Bright Horizons Family Solutions, Inc. | Consumer Discretionary | 1.5% |
| RingCentral, Inc. | Information Technology | 1.5% |
| Calavo Growers, Inc. | Consumer Staples | 1.5% |
| CenterState Banks, Inc. | Financials | 1.4% |
| iRhythm Technologies, Inc. | Health Care | 1.4% |
| At Home Group Inc | Consumer Discretionary | 1.4% |
| SendGrid Inc | Information Technology | 1.4% |
| iRobot Corp. | Consumer Discretionary | 1.4% |
| New Relic, Inc. | Information Technology | 1.3% |
| World Wrestling Entertainment Inc | Communication Services | 1.3% |
| Teladoc Health | Health Care | 1.3% |
| Okta Inc | Information Technology | 1.3% |
| Masimo Corp. | Health Care | 1.3% |
| Canada Goose Holdings Inc | Consumer Discretionary | 1.3% |
| HubSpot, Inc. | Information Technology | 1.3% |
| Coupa Software Inc | Information Technology | 1.2% |
| Twilio, Inc. | Information Technology | 1.2% |
| Air Lease Corp. | Industrials | 1.2% |
| Webster Financial Corp. | Financials | 1.1% |
| Cactus Inc | Energy | 1.1% |
| Monolithic Power Systems, Inc. | Information Technology | 1.1% |
| Malibu Boats, Inc. | Consumer Discretionary | 1.1% |
| Axon Enterprise, Inc. | Industrials | 1.1% |
| Semtech Corp. | Information Technology | 1.1% |
| Wintrust Financial Corp. | Financials | 1.1% |
| Trex Co., Inc. | Industrials | 1.1% |
| Mimecast Ltd. | Information Technology | 1.1% |
| BJ's Wholesale Club Holdings Inc | Consumer Staples | 1.0% |
| Alteryx Inc | Information Technology | 1.0% |
| GW Pharmaceuticals plc | Health Care | 1.0% |
| Loxo Oncology Inc | Health Care | 1.0% |
| Western Alliance Bancorp | Financials | 1.0% |
| Dave & Buster's Entertainment, Inc. | Consumer Discretionary | 1.0% |
| Roku Inc | Consumer Discretionary | 1.0% |
| Paycom Software, Inc. | Information Technology | 1.0% |
| Cargurus Inc | Communication Services | 1.0% |
| Paylocity Holding Corp. | Information Technology | 0.9% |
| Eventbrite Inc | Communication Services | 0.9% |
| Sprouts Farmers Markets LLC | Consumer Staples | 0.9% |
| Proto Labs, Inc. | Industrials | 0.9% |
| Zscaler Inc | Information Technology | 0.8% |
| Guardant Health Inc | Health Care | 0.8% |
| NV5 Global, Inc. | Industrials | 0.8% |
| Curtiss-Wright Corp. | Industrials | 0.8% |
| Haemonetics Corp. | Health Care | 0.8% |
| Blueprint Medicines Corp. | Health Care | 0.7% |
| National Vision Holdings Inc | Consumer Discretionary | 0.7% |
| Myovant Sciences Ltd | Health Care | 0.7% |
| Amarin Corp. plc | Health Care | 0.7% |
| Emergent Biosolutions, Inc. | Health Care | 0.6% |
| EPAM Systems, Inc. | Information Technology | 0.6% |
| Chart Industries, Inc. | Industrials | 0.6% |
| Denali Therapeutics Inc | Health Care | 0.6% |
| Strayer Education, Inc. | Consumer Discretionary | 0.6% |
| Anaplan Inc | Information Technology | 0.6% |
| Agios Pharmaceuticals, Inc. | Health Care | 0.5% |
| Inspire Medical Systems Inc | Health Care | 0.5% |
| Fox Factory Holding Corp. | Consumer Discretionary | 0.5% |
| Sarepta Therapeutics, Inc. | Health Care | 0.5% |
| Allogene Therapeutics Inc | Health Care | 0.5% |
| Sage Therapeutics, Inc. | Health Care | 0.5% |
| Sonos Inc | Consumer Discretionary | 0.4% |
| Immunomedics, Inc. | Health Care | 0.4% |
| Appian Corp | Information Technology | 0.4% |
| Evercore Partners, Inc. | Financials | 0.4% |
| Elastic NV | Information Technology | 0.3% |
| Live Nation Entertainment, Inc. | Communication Services | 0.3% |
| Stamps.com, Inc. | Consumer Discretionary | 0.3% |
| Audentes Therapeutics Inc | Health Care | 0.3% |
| FibroGen Inc | Health Care | 0.3% |
| Inogen, Inc. | Health Care | 0.3% |
| Argenx SE | Health Care | 0.2% |
| Inphi Corp. | Information Technology | 0.2% |
| Cision Ltd | Information Technology | 0.2% |
| Zendesk, Inc. | Information Technology | 0.1% |
| Weight Watchers International, Inc. | Consumer Discretionary | 0.1% |
| Lumentum Holdings, Inc. | Information Technology | 0.1% |
| Yext Inc | Information Technology | 0.0% |
| CareDx Inc | Health Care | 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 12/31/2018
| 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 |
 4.0%
|
|
| Consumer Staples |
2.4%
|
|
| Energy |
0.3%
|
|
| Financials |
4.8%
|
|
| Health Care |
2.7%
|
|
| Industrials |
0.5%
|
|
| Information Technology |
2.7%
|
|
| Materials | 0.0% |
Portfolio Details as of 12/31/2018
- Total Net Assets
- $1.59 B
- Number of Holdings
- 94
- Weighted Average Market Cap.
- 3.6 B
- P/B Ratio
- 6.4x
- Portfolio Turnover Ratio as of 07/31/2018
- 89.3%
- P/E Ratio
- 33.2x
To view definitions for the above Portfolio Details, Click here.
Market Capitalization Breakdown - Morningstar separates stock portfolio holdings into five market-capitalization groups: Giant, Large, Mid, Small, and Micro. Of the 5000 largest domestic stocks in their equities database, the top 1% are categorized as Giant, the next 4% are Large, the next 15% are Mid, the next 30% are Small, and the remaining 50% are Micro. Stocks outside of the largest 5000 are also classified as Micro.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
Contributors & Detractors as of 12/31/2018
Contributors
| Holding | Contribution |
|---|---|
| Guardant Health Inc | 0.1% |
| Anaplan Inc | 0.1% |
| Sendgrid Inc | 0.1% |
| Alteryx Inc | 0.0% |
| US($) | 0.0% |
Detractors
| Holding | Contribution |
|---|---|
| Roku Inc | -1.0% |
| Aerovironment, Inc. | -0.9% |
| Teladoc, Inc. | -0.6% |
| Inogen, Inc. | -0.6% |
| GW Pharmaceuticals plc | -0.6% |
% 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 12/31/2018
| 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
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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