LDFGX | Durable Growth Fund Class F | Lord Abbett
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Durable Growth Fund

Summary

Summary

What is the Durable Growth Fund?

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

 

Fund Basicsas of 06/30/2021

Total Net Assets
$242.86 M
Inception Date
11/05/2019
Dividend Frequency
Annually
Fund Gross Expense Ratio
1.14%
Fund Net Expense Ratio
0.70%
Number of Holdings
69

Fund Expense Ratio :

Gross 1.14%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/01/2019
w/o sales charge 11.72% 38.83% - - - 34.17%
Lipper Category Avg. Large-Cap Growth Funds 12.65% 40.02% - - - -
Russell 1000® Growth Index 12.99% 42.50% - - - 36.08%

Fund Expense Ratio :

Gross 1.14%

Net 0.70%

Fund Expense Ratio :

Gross 1.14%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/01/2019
w/o sales charge 11.72% 38.83% - - - 34.17%
Lipper Category Avg. Large-Cap Growth Funds 12.65% 40.02% - - - -
Russell 1000® Growth Index 12.99% 42.50% - - - 36.08%

Fund Expense Ratio :

Gross 1.14%

Net 0.70%

TEN LARGEST HOLDINGS as of 06/30/2021View Portfolio

Holding Assets
Microsoft Corp 9.6%
Amazon.com Inc 8.1%
Alphabet Inc 6.0%
Apple Inc 5.0%
Facebook Inc 4.8%
NVIDIA Corp 3.1%
PayPal Holdings Inc 2.7%
Mastercard Inc 2.5%
salesforce.com Inc 2.1%
Home Depot Inc/The 2.0%

INVESTMENT TEAM

Jeffrey Rabinowitz
Jeffrey Rabinowitz, CFA

Portfolio Manager

21 Years of Industry Experience

Supported By 31 Investment Professionals with 19 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 1.14%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/01/2019
w/o sales charge 11.72% 38.83% - - - 34.17%
Lipper Category Avg. Large-Cap Growth Funds 12.65% 40.02% - - - -
Russell 1000® Growth Index 12.99% 42.50% - - - 36.08%

Fund Expense Ratio :

Gross 1.14%

Net 0.70%

Fund Expense Ratio :

Gross 1.14%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/01/2019
w/o sales charge 11.72% 38.83% - - - 34.17%
Lipper Category Avg. Large-Cap Growth Funds 12.65% 40.02% - - - -
Russell 1000® Growth Index 12.99% 42.50% - - - 36.08%

Fund Expense Ratio :

Gross 1.14%

Net 0.70%

Year Fund Returns Russell 1000® Growth Index
2020 37.12% 38.49%
2019 6.44% 36.39%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 0.33% 11.35% - - 16.12%
2020 -13.67% 27.81% 12.61% 10.35% 37.12%
2019 - - - - 6.44%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2021

  • Our investment philosophy is focused on identifying durable franchises that also exhibit a compelling combination of strong growth prospects and seasoned management teams that are mispriced by the market.
  • We believe we can deliver consistently strong returns by owning a portfolio of durable growth companies that have seen growth trends and adoption structurally accelerate, supporting current valuations. In addition, we seek to invest in companies that have developed a stronger competitive position or have been temporarily negatively impacted by the current environment potentially creating an attractive entry point.
  • The strength of the economy post-Covid has led to a strong rebound in economic growth. It has also led to evidence of rising inflation, which has sparked our team to evaluate the pricing power and cost structure of businesses within the portfolio. Additionally, the portfolio continues to be positioned with a modest tilt towards secular growth exposures, which was a positive benefit to the portfolio in June.
  • We continue to monitor both macro and micro factors within current focus areas that include the continuing impacts from COVID on the global economy; risks to rising inflation; tax reform and other programs being proposed in Congress; and regulations. Furthermore, we believe durable franchises will persevere through challenging environments.

Portfolio Details as of 06/30/2021

Total Net Assets
$242.86 M

Contributors & Detractors as of  06/30/2021

Contributors

Holding Contribution
Microsoft Corp. 1.3%
NVIDIA Corp. 1.2%
Alphabet Inc 1.0%
Amazon.com, Inc. 0.9%
Apple, Inc. 0.8%

Detractors

Holding Contribution
Guardant Health Inc -0.1%
Dollar Tree Inc -0.1%
Vertex Pharmaceuticals Inc -0.1%
Global Payments, Inc. -0.1%
El Paso Natural Gas 0.0%

Attribution Analysis 

Durable 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 07/28/2021
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
11/20/2019 11/21/2019 11/21/2019 $0.01480 $15.25

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
11/22/2021 11/23/2021 11/23/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/23/2020 11/24/2020 - $0.5067 $0.5067 $20.36

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
11/22/2021 11/23/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 06/30/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
1.14% 0.70%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
Publish Date:11/03/2015
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
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

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