LDFGX | Durable Growth Fund Class F | Lord Abbett

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Durable Growth Fund

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In connection with the liquidation of the Fund, the Fund no longer will accept purchase orders or exchange requests as of September 30, 2022.

Daily price w/o sales charge as of 10/06/2022

$14.77

arrowDown$0.12

YTD Returns w/o sales charge as of 10/06/2022

-31.46%

Please click here for performance current to the most recent quarter-end and month-end.

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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 08/31/2022

Total Net Assets
$376.30 M
Inception Date
11/05/2019
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.82%
Fund Net Expense Ratio
0.70%
Number of Holdings
69

Fund Expense Ratio :

Gross 0.82%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/01/2019
w/o sales charge -34.52% -29.49% - - - 5.11%
Lipper Category Avg. Large-Cap Growth Funds -33.40% -28.23% - - - -
Russell 1000® Growth Index -30.66% -22.59% - - - 9.62%

Fund Expense Ratio :

Gross 0.82%

Net 0.70%

Fund Expense Ratio :

Gross 0.82%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/01/2019
w/o sales charge -34.52% -29.49% - - - 5.11%
Lipper Category Avg. Large-Cap Growth Funds -33.40% -28.23% - - - -
Russell 1000® Growth Index -30.66% -22.59% - - - 9.62%

Fund Expense Ratio :

Gross 0.82%

Net 0.70%

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 08/31/2022View Portfolio

Holding Assets
Microsoft Corp 10.0%
Apple Inc 7.8%
Amazon.com Inc 7.3%
Alphabet Inc 4.7%
Tesla Inc 4.0%
Mastercard Inc 3.7%
NVIDIA Corp 3.0%
Eli Lilly & Co 2.3%
Coca-Cola Co/The 2.1%
Cadence Design Systems Inc 1.8%

Sector Allocationas of 08/31/2022View Portfolio

Sector Weighting
Sector Weighting
Communication Services
Real Estate
Utilities
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials

INVESTMENT TEAM

Jeffrey Rabinowitz
Jeffrey Rabinowitz, CFA

Portfolio Manager

23 Years of Industry Experience

Supported By 35 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 0.82%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/01/2019
w/o sales charge -34.52% -29.49% - - - 5.11%
Lipper Category Avg. Large-Cap Growth Funds -33.40% -28.23% - - - -
Russell 1000® Growth Index -30.66% -22.59% - - - 9.62%

Fund Expense Ratio :

Gross 0.82%

Net 0.70%

Fund Expense Ratio :

Gross 0.82%

Net 0.70%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 11/01/2019
w/o sales charge -34.52% -29.49% - - - 5.11%
Lipper Category Avg. Large-Cap Growth Funds -33.40% -28.23% - - - -
Russell 1000® Growth Index -30.66% -22.59% - - - 9.62%

Fund Expense Ratio :

Gross 0.82%

Net 0.70%

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 1000® Growth Index
2021 21.01% 27.60%
2020 37.12% 38.49%
2019 6.44% 36.39%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -12.16% -20.71% -6.00% - -31.46%
2021 0.33% 11.35% 0.59% 7.68% 21.01%
2020 -13.67% 27.81% 12.61% 10.35% 37.12%
2019 - - - - 6.44%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Holding Sector Assets
Microsoft Corp Information Technology 10.0%
Apple Inc Information Technology 7.8%
Amazon.com Inc Consumer Discretionary 7.3%
Alphabet Inc Communication Services 4.7%
Tesla Inc Consumer Discretionary 4.0%
Mastercard Inc Information Technology 3.7%
NVIDIA Corp Information Technology 3.0%
Eli Lilly & Co Health Care 2.3%
Coca-Cola Co/The Consumer Staples 2.1%
Cadence Design Systems Inc Information Technology 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
Microsoft Corp Information Technology 10.0%
Apple Inc Information Technology 7.8%
Amazon.com Inc Consumer Discretionary 7.3%
Alphabet Inc Communication Services 4.7%
Tesla Inc Consumer Discretionary 4.0%
Mastercard Inc Information Technology 3.7%
NVIDIA Corp Information Technology 3.0%
Eli Lilly & Co Health Care 2.3%
Coca-Cola Co/The Consumer Staples 2.1%
Cadence Design Systems Inc Information Technology 1.8%
Edwards Lifesciences Corp Health Care 1.7%
SBA Communications Corp Real Estate 1.6%
Home Depot Inc/The Consumer Discretionary 1.6%
ServiceNow Inc Information Technology 1.6%
NIKE Inc Consumer Discretionary 1.5%
Northrop Grumman Corp Industrials 1.5%
Salesforce Inc Information Technology 1.5%
Vulcan Materials Co Materials 1.4%
Chipotle Mexican Grill Inc Consumer Discretionary 1.3%
QUALCOMM Inc Information Technology 1.3%
Air Products and Chemicals Inc Materials 1.2%
Estee Lauder Cos Inc/The Consumer Staples 1.2%
Norfolk Southern Corp Industrials 1.2%
Analog Devices Inc Information Technology 1.2%
Zoetis Inc Health Care 1.2%
First Republic Bank/CA Financials 1.1%
TransDigm Group Inc Industrials 1.1%
Danaher Corp Health Care 1.1%
Genpact Ltd Information Technology 1.0%
Repligen Corp Health Care 0.9%
Walmart Inc Consumer Staples 0.9%
Sysco Corp Consumer Staples 0.9%
Honeywell International Inc Industrials 0.9%
Genmab A/S Health Care 0.9%
Novo Nordisk A/S Health Care 0.9%
Moody's Corp Financials 0.9%
West Pharmaceutical Services Inc Health Care 0.9%
Seagen Inc Health Care 0.8%
Dexcom Inc Health Care 0.8%
Church & Dwight Co Inc Consumer Staples 0.8%
Roper Technologies Inc Information Technology 0.8%
Burlington Stores Inc Consumer Discretionary 0.8%
Old Dominion Freight Line Inc Industrials 0.8%
Lam Research Corp Information Technology 0.7%
Avery Dennison Corp Materials 0.7%
GXO Logistics Inc Industrials 0.7%
American Tower Corp Real Estate 0.7%
Meta Platforms Inc Communication Services 0.7%
Walt Disney Co/The Communication Services 0.7%
Brown-Forman Corp Consumer Staples 0.7%
Parker-Hannifin Corp Industrials 0.7%
Accenture PLC Information Technology 0.7%
Service Corp International/US Consumer Discretionary 0.7%
NXP Semiconductors NV Information Technology 0.7%
Hilton Worldwide Holdings Inc Consumer Discretionary 0.6%
Airbus SE Industrials 0.6%
Palo Alto Networks Inc Information Technology 0.6%
Pioneer Natural Resources Co Energy 0.6%
Five Below Inc Consumer Discretionary 0.5%
Fidelity National Information Services Inc Information Technology 0.5%
Stanley Black & Decker Inc Industrials 0.5%
Datadog Inc Information Technology 0.5%
Airbnb Inc Consumer Discretionary 0.4%
CAE Inc Industrials 0.3%
BioNTech SE Health Care 0.3%
Advanced Micro Devices Inc Information Technology 0.3%
Lululemon Athletica Inc Consumer Discretionary 0.3%
Roku Inc Communication Services 0.3%
Ball Corp Materials 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 08/31/2022

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Communication Services arrowDown3.6%
Real Estate arrowUp0.2%
Utilities 0.0%
Consumer Discretionary arrowUp2.0%
Consumer Staples arrowDown0.3%
Energy arrowUp0.1%
Financials 0.0%
Health Care arrowDown0.5%
Industrials 0.0%
Information Technology arrowUp2.7%
Materials arrowDown0.3%

Portfolio Positioning as of 12/31/2021

  • We believe that our investment philosophy, which is focused on identifying durable franchises with favorable long-term growth prospects, is well positioned to navigate through current market volatility.
  • 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 own companies that have developed a stronger competitive position or have been temporarily negatively impacted by the current environment 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 resulted in greater emphasis on the evaluation of the pricing power and cost structure of businesses within the portfolio. Additionally, after being positioned with a modest tilt towards secular growth exposures in previous quarters, portfolio positioning has recently been more balanced, which was a positive benefit throughout the quarter.
  • 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 continue to persevere through challenging environments.

Portfolio Details as of 08/31/2022

Total Net Assets
$376.30 M

To view definitions for the above Portfolio Details, Click here.

Contributors & Detractors as of  06/30/2022

Contributors

Holding Contribution
Eli Lilly and Co 0.2%
Seagen Inc 0.2%
Northrop Grumman Corp 0.1%
Coca-Cola Co/The 0.0%
Sysco Corp. 0.0%

Detractors

Holding Contribution
Amazon.com, Inc. -2.6%
NVIDIA Corp. -1.9%
Microsoft Corp. -1.7%
Alphabet Inc -1.6%
Tesla Motors, Inc. -1.6%

% 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 

for
Durable 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 Lord Abbett Growth Opportunities Fund Performance Results for the Fund's longer-term returns. The Fund is actively managed and portfolio characteristics, such as individual holdings and sector weightings, may change significantly over time.

Please see "About Wilshire Attribution" of the performance attribution displayed above by View Full Disclosure

About Wilshire Attribution

The Wilshire Atlas Variance Analysis tool provides a methodology for explaining the difference in performance between a portfolio and its benchmark, based on the decomposition of returns. The user specifies the portfolio, index, link frequency, sector and weighting. The weighting can be shown as beginning, average or end weights and is used for display purposes only. 

Average Weight (Portfolio): This is the average weight of each group in the portfolio. Alternatively, the weight at the end of the reporting period, or on average across the reporting period, may be selected.

Base Return (Portfolio): This is the weighted average holding period return for the securities in each group. This weighted average is calculated for each link period using beginning weights and then the resulting values are linked together to calculate the displayed value.

Average Weight (Benchmark): This is the average weight of each group in the benchmark. Alternatively, the weight at the end of the reporting period, or on average across the reporting period, may be selected.

Base Return (Benchmark): This is the weighted average holding period return for the benchmark securities in each group. This weighted average is calculated for each link period using beginning weights, then the resulting values are linked together to calculate the displayed value.

Stock Selection Variance: This is the success of selection decisions within each group versus the benchmark. It is calculated for each link period using the following equation: Stock Selection Variance = WP,G * (RP,G - RB,G), where WP,G = Weight of the group in the portfolio, RP,G = Return of the group in the portfolio, RB,G = Return of the group in the benchmark.

Group Weighting Variance: This is the result of weighting decisions in each group versus the benchmark. It is calculated for each link period using the following equation: Group Weighting Variance = (WP,G – WB,G) * (RB,G – RB,T), where WP,G = Weight of the group in the portfolio, WB,G = Weight of the group in the benchmark, RB,G = Return of the group in the benchmark, RB,T = Overall return of the benchmark.

Total Variance: This is the sum of group weighting and stock selection variances. This represents the amount of total variance that is explained by the selection and allocation decisions for each group.

Wilshire generated returns are calculated gross of fees based on end of day prices and do not capture intraday cash flow, price changes or trading activity, and therefore are subject to some variance from Lord Abbett returns. In addition, Wilshire and Lord Abbett may use different pricing sources and methodologies.

Not Classified securities represent those securities which have not been assigned an official GICS Direct classification. GICS Direct, a joint product of Standard & Poor’s and MSCI, provides industry classifications for more than 40,000 companies and over 45,000 securities. Not Classified securities may include, but are not limited to: Exchange-Traded Funds (ETFs), pink sheet-listed issues, pre-IPO placements, private placements, secondary issues, open-end funds, closed-end funds, and non-operating establishments.

Under certain circumstances, Lord Abbett may elect to have Wilshire map an ETF holding to the relevant characteristics represented by that ETF’s underlying index in order to reflect the exposure and performance contributed by the ETF to the overall portfolio. When this option is selected, Wilshire will remove the ETF from the Not Classified category and instead allocate the ETF’s exposures across the relevant attributes based on the composition of the ETF’s underlying index.

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

Dividend Payments

For
YTD Dividends Paidas of 10/06/2022
$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
10/24/2022 10/25/2022 10/25/2022

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/22/2021 11/23/2021 $2.2783 $2.0163 $4.2946 $21.66
*

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
10/24/2022 10/25/2022

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 09/30/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
0.82% 0.70%

Expense ratio details, Click here.

Fund Documents

Fund Documents

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IMPORTANT INFORMATION

 

A Note about Risk: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies, including market, liquidity, currency, and political risks.  Large companies may have slower rates of growth than smaller successful companies. Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general. Investing internationally involves risks not associated with investing solely in the United States, such as currency fluctuation, political risk, differences in accounting and the limited availability of information. These risks can be greater in the case of emerging country securities. These factors can adversely affect Fund performance.

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy.

 

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

 

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.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

Returns shown at less than a year reflect aggregate total returns.

 

The Russell 1000® Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.

 

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time. 

 

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

 

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

 

 

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

 

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments. 

 

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

 

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties

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