LAGWX | Developing Growth Fund Class A | Lord Abbett
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Developing Growth Fund

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 10/30/2020

Total Net Assets
$3.13 B
Inception Date
10/10/1973
Dividend Frequency
Annually
Number of Holdings
96
Minimum Initial Investment
$1,000+

Expense Ratioas of 10/31/2020

Fund Expense Ratio :

0.93%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/10/1973
w/o sales charge 56.76% 59.03% 30.33% 21.20% 16.69% 11.66%
Lipper Category Avg. Small-Cap Growth Funds - - - - - -
Russell 2000® Growth Index 23.12% 25.95% 12.83% 13.19% 13.30% -
w/ sales charge 47.73% 49.89% 27.78% 19.77% 16.00% 11.52%

Fund Expense Ratio :

0.93%

Fund Expense Ratio :

0.93%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/10/1973
w/o sales charge 35.40% 45.41% 26.41% 18.46% 16.18% 11.35%
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% -
w/ sales charge 27.60% 37.06% 23.94% 17.07% 15.50% 11.21%

Fund Expense Ratio :

0.93%

TEN LARGEST HOLDINGS as of 10/30/2020View Portfolio

Holding Assets
Inphi Corp. 2.5%
Five9, Inc. 2.4%
Fiverr International Ltd 2.2%
iRhythm Technologies, Inc. 1.8%
Inspire Medical Systems Inc 1.6%
LGI Homes, Inc. 1.6%
Axon Enterprise, Inc. 1.5%
Deckers Outdoor Corp. 1.5%
Natera, Inc. 1.5%
Restoration Hardware Holdings, Inc. 1.5%

INVESTMENT TEAM

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

Partner & Portfolio Manager

33 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

21 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

19 Years of Industry Experience

Ben Ebel
Ben Ebel

Portfolio Manager

28 Years of Industry Experience

Supported By 5 Investment Professionals with 17 Years Avg. Industry Experience

Your Representative

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

Performance

Performance

Fund Expense Ratio :

0.93%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/10/1973
w/o sales charge 56.76% 59.03% 30.33% 21.20% 16.69% 11.66%
Lipper Category Avg. Small-Cap Growth Funds - - - - - -
Russell 2000® Growth Index 23.12% 25.95% 12.83% 13.19% 13.30% -
w/ sales charge 47.73% 49.89% 27.78% 19.77% 16.00% 11.52%

Fund Expense Ratio :

0.93%

Fund Expense Ratio :

0.93%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 10/10/1973
w/o sales charge 35.40% 45.41% 26.41% 18.46% 16.18% 11.35%
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% -
w/ sales charge 27.60% 37.06% 23.94% 17.07% 15.50% 11.21%

Fund Expense Ratio :

0.93%

Year Fund Returns Russell 2000® Growth Index
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% 43.30%
2012 10.39% 14.59%
2011 -1.66% -2.91%
2010 36.54% 29.09%
2009 47.03% -
2008 -47.50% -
2007 35.83% -
2006 12.45% -
2005 11.87% -
2004 6.00% -
2003 40.06% -
2002 -29.54% -
2001 -6.98% -
2000 -17.69% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -16.91% 40.59% 15.92% - 58.34%
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 11/30/2020

NAV Historical Prices

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 09/30/2020

  • We believe the Fund’s long-term positioning in high innovation stocks and industries should be a tailwind for relative performance. The pandemic has steepened the slope of the adoption curve of many of the trends we are invested in.
  • We believe industries powering the technology revolution – from the cloud to artificial intelligence to biotechnology, medical devices, and ecommerce – are best positioned to weather both cyclical bear markets and corrections with unique catalysts, and benefit from the innovative environment that will likely persist for years.
  • Moreover, unlike many other areas of the economy, we believe that these targeted areas of innovation should continue to exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.
  • We believe the backdrop for innovation investing remains favorable because of continued low economic growth and low inflation; in addition, the technology revolution is still in its early stages.

Portfolio Details as of 10/30/2020

Total Net Assets
$3.13 B
Number of Holdings
96
Weighted Average Market Cap.
5.4 B
P/B Ratio
8.1x
P/E Ratio
40.5x

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%

Attribution Analysis 

Developing Growth Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 12/04/2020
$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

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/23/2020 11/24/2020 $2.1959 $0.7588 $2.9547 $27.23

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.

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 12/04/2020

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $29.75
$50,000 to $99,999 4.75% 4.00% $29.44
$100,000 to $249,999 3.95% 3.25% $29.19
$250,000 to $499,999 2.75% 2.25% $28.83
$500,000 to $999,999 1.95% 1.75% $28.60
$1,000,000 to $5,000,000 0.00% 1.00% $28.04

Expense Ratioas of 10/31/2020

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
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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
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Publish Date:11/03/2015

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Class A  Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, distribution fees).

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1% if the shares are redeemed before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

 

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

The Russell 2000® Growth Index measures the performance of those Russell 2000 companies with higher price-to-book ratios and higher forecasted growth values.

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