LAGWX | Developing Growth Fund Class A | Lord Abbett

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Developing Growth Fund

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Summary

Summary

What is the Developing Growth Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of small U.S. companies.

Fund Basicsas of 01/31/2024

Total Net Assets
$2.40 B
Inception Date
10/10/1973
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.92%
Fund Net Expense Ratio
0.92%
Number of Holdings
81
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/10/1973
w/o sales charge 0.49% 0.60% -13.35% 5.93% 6.64% 10.24%
Lipper Category Avg. Small-Cap Growth Funds -1.76% 4.70% -3.74% 7.97% 7.96% -
Russell 2000® Growth Index -3.21% 4.46% -6.03% 6.17% 7.00% -
w/ sales charge -5.28% -5.18% -15.04% 4.68% 6.02% 10.11%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/10/1973
w/o sales charge 8.50% 8.50% -12.28% 8.97% 6.74% 10.25%
Lipper Category Avg. Small-Cap Growth Funds 16.76% 16.76% -2.40% 10.73% 7.93% -
Russell 2000® Growth Index 18.66% 18.66% -3.50% 9.22% 7.16% -
w/ sales charge 2.28% 2.28% -13.99% 7.69% 6.11% 10.12%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

TEN LARGEST HOLDINGS as of 01/31/2024View Portfolio

Holding Assets
Super Micro Computer Inc 2.4%
Rambus Inc 2.4%
CyberArk Software Ltd 2.3%
AeroVironment Inc 2.1%
Saia Inc 2.0%
Glaukos Corp 2.0%
TransMedics Group Inc 1.9%
Roku Inc 1.9%
Trex Co Inc 1.9%
RxSight Inc 1.8%

INVESTMENT TEAM

F. Thomas O'Halloran
F. Thomas O'Halloran, CFA, J.D.

Partner, Portfolio Manager

36 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

23 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

22 Years of Industry Experience

Benjamin Ebel
Benjamin Ebel

Senior Managing Director, Portfolio Manager

31 Years of Industry Experience

Supported By 10 Investment Professionals with 16 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/10/1973
w/o sales charge 0.49% 0.60% -13.35% 5.93% 6.64% 10.24%
Lipper Category Avg. Small-Cap Growth Funds -1.76% 4.70% -3.74% 7.97% 7.96% -
Russell 2000® Growth Index -3.21% 4.46% -6.03% 6.17% 7.00% -
w/ sales charge -5.28% -5.18% -15.04% 4.68% 6.02% 10.11%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/10/1973
w/o sales charge 8.50% 8.50% -12.28% 8.97% 6.74% 10.25%
Lipper Category Avg. Small-Cap Growth Funds 16.76% 16.76% -2.40% 10.73% 7.93% -
Russell 2000® Growth Index 18.66% 18.66% -3.50% 9.22% 7.16% -
w/ sales charge 2.28% 2.28% -13.99% 7.69% 6.11% 10.12%

Fund Expense Ratio :

Gross 0.92%

Net 0.92%

Year Fund Returns Russell 2000® Growth Index
2023 8.50% 18.66%
2022 -36.09% -26.36%
2021 -2.66% 2.83%
2020 72.57% 34.63%
2019 31.91% 28.48%
2018 5.09% -9.31%
2017 29.92% 22.17%
2016 -2.71% 11.32%
2015 -8.90% -1.38%
2014 3.25% 5.60%
2013 57.19% -
2012 10.39% -
2011 -1.66% -
2010 36.54% -
2009 47.03% -
2008 -47.50% -
2007 35.83% -
2006 12.45% -
2005 11.87% -
2004 6.00% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2024 - - - - 10.01%
2023 8.32% 3.27% -12.97% 11.45% 8.50%
2022 -19.27% -21.16% 0.59% -0.18% -36.09%
2021 1.64% 2.87% -3.66% -3.35% -2.66%
2020 -16.91% 40.59% 15.92% 27.45% 72.57%
2019 27.01% 9.09% -11.35% 7.39% 31.91%
2018 7.16% 14.97% 12.18% -23.96% 5.09%
2017 8.36% 4.06% 7.07% 7.61% 29.92%
2016 -10.30% 2.24% 10.87% -4.32% -2.71%
2015 7.12% 2.61% -15.70% -1.68% -8.90%
2014 1.67% 0.15% -5.75% 7.59% 3.25%
2013 13.50% 10.00% 18.78% 6.00% 57.19%
2012 12.16% -2.68% 5.55% -4.19% 10.39%
2011 10.23% 1.49% -20.86% 11.06% -1.66%
2010 8.21% -7.94% 16.47% 17.68% 36.54%
2009 -2.17% 24.37% 14.25% 5.76% 47.03%
2008 -21.82% 6.65% -11.81% -28.60% -47.50%
2007 4.65% 13.60% 9.82% 4.04% 35.83%
2006 15.98% -6.23% -6.80% 10.93% 12.45%
2005 -5.91% 5.82% 9.60% 2.52% 11.87%
2004 2.00% 0.20% -7.05% 11.58% 6.00%
2003 -3.27% 21.33% 9.79% 8.70% 40.06%
2002 0.07% -11.90% -23.81% 4.90% -29.54%
2001 -17.44% 16.01% -22.68% 25.62% -6.98%
2000 3.52% -13.67% -0.56% -7.37% -17.69%
1999 1.42% 11.69% -3.37% 26.23% 38.16%
1998 11.49% -2.94% -22.00% 28.29% 8.27%
1997 -2.88% 17.68% 21.77% -6.03% 30.78%
1996 8.18% 8.18% -2.85% 7.46% 22.19%
1995 6.04% 19.02% 15.90% -0.42% 45.66%
1994 0.16% -8.07% 10.54% 4.34% 6.20%
1993 -0.67% 1.03% 8.15% 3.76% 12.62%
1992 -2.92% -13.34% 5.39% 9.32% -3.06%
1991 29.96% -5.07% 9.77% 15.46% 56.36%
1990 1.18% 11.38% -24.62% 10.17% -6.41%
1989 3.04% 1.70% 8.07% 0.77% 14.12%
1988 8.71% 2.49% -4.04% -3.23% 3.45%
1987 23.22% -1.54% 5.33% -21.15% 0.76%
1986 12.02% 1.82% -18.44% 7.95% 0.42%
1985 9.91% -2.42% -9.28% 18.16% 14.96%
1984 -15.56% -5.27% 1.63% -4.54% -22.39%
1983 19.37% 16.69% -4.44% -6.33% 24.68%
1982 -11.29% 1.28% 11.66% 29.18% 29.58%
1981 6.38% 7.72% -18.09% 14.79% 7.74%
1980 -8.32% 13.37% 24.22% 5.17% 35.80%
1979 11.23% 3.38% 10.21% 1.23% 28.29%
1978 12.74% 18.50% 11.85% -9.31% 35.51%
1977 -5.21% 6.36% 3.99% 7.90% 13.12%
1976 25.90% -5.36% -5.21% 5.87% 19.57%
1975 36.09% 17.79% -12.76% -0.65% 38.93%
1974 2.02% -14.31% -23.96% -3.25% -35.69%
1973 - - - - -9.00%

Growth of $10,000 as of 01/31/2024

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 12/31/2023

  • Our view is that the pressure on stock market valuations from the post-pandemic inflation surge and the U.S. Federal Reserve’s aggressive tightening is nearing an end, removing a major headwind for innovation stocks. While better than feared economic growth in the United States has lowered the probability of Fed rate cuts in the near term, we still believe many of the drivers of falling core inflation remain intact.
  • Additionally, in an environment of moderate economic growth, we believe secular growth companies are positioned to outperform as their expanding markets, coupled with market-share gains, should allow continued strong compounding growth - which stands out relative to other parts of the market in a slowing economy.
  • We remain focused on companies with improving operating and price momentum, with an emphasis on accelerating 2024 revenue and earnings growth. We are finding ample opportunities within emerging, as well as established, secular growth trends. These include, but are not limited to, the Artificial Intelligence revolution, groundbreaking advances in medical treatments (i.e., GLP-1), and a sustained improvement in the structural growth rate of the industrial complex due to the impact of reshoring and post Covid supply chain strategy. As always, there are macro risks to consider. But with sub-4% unemployment, improving wages, strong fiscal spending, we believe the prospects of a ‘hard landing’ continue to fade.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 02/28/2024
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
02/14/1997 02/18/1997 03/03/1997 $0.00000

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
11/25/2024 11/26/2024 11/26/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/22/2021 11/23/2021 $3.3406 - $3.3406 $27.44

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 02/28/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $21.46
$50,000 to $99,999 4.75% 4.00% $21.24
$100,000 to $249,999 3.95% 3.25% $21.06
$250,000 to $499,999 2.75% 2.25% $20.80
$500,000 to $999,999 1.95% 1.75% $20.63
$1,000,000 to $5,000,000 0.00% 1.00% $20.23

Expense Ratioas of 01/31/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
0.92% 0.92%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
Statutory Prospectus
Publish Date:11/03/2015
SAI
Publish Date:11/03/2015
Annual Report
Publish Date:11/03/2015
Semi-Annual Report
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015

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