Durable Growth Fund

LDGSX

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Daily price w/o sales charge as of 07/02/2020

$17.87

$0.07

YTD Returns w/o sales charge as of 07/02/2020

12.04%

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Summary

What is the Durable Growth Fund?

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

Fund Basicsas of 05/29/2020

Total Net Assets: $206.76 M
Inception Date: 11/05/2019
Dividend Frequency: Annually
Fund Gross Expense Ratio: 1.03%
Fund Net Expense Ratio: 0.95%
Number of Holdings: 75

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 11/01/2019

w/o sales charge	10.16%	-	-	-	-	17.22%
Lipper Category Avg. Large-Cap Growth Funds	-	-	-	-	-	-
Russell 1000® Growth Index	9.81%	-	-	-	-	17.14%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 11/01/2019

w/o sales charge	10.16%	-	-	-	-	17.22%
Lipper Category Avg. Large-Cap Growth Funds	-	-	-	-	-	-
Russell 1000® Growth Index	9.81%	-	-	-	-	17.14%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Returns with sales charges reflect a maximum sales charge of 5.75%.

TEN LARGEST HOLDINGS as of 05/29/2020View Portfolio

Holding	Assets
Microsoft Corp.	9.8%
Amazon.com, Inc.	7.4%
Alphabet, Inc.	6.1%
Apple, Inc.	4.7%
Facebook, Inc.	3.9%
Mastercard, Inc.	3.0%
PayPal Holdings, Inc.	2.2%
Zoetis, Inc.	1.9%
RingCentral, Inc.	1.8%
Salesforce.com, Inc.	1.7%

Sector Allocationas of 05/29/2020View Portfolio

Sector	Weighting

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

INVESTMENT TEAM

Jeffrey Rabinowitz, CFA

Portfolio Manager

21 Years of Industry Experience

Supported By 35 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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

Performance

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 11/01/2019

w/o sales charge	10.16%	-	-	-	-	17.22%
Lipper Category Avg. Large-Cap Growth Funds	-	-	-	-	-	-
Russell 1000® Growth Index	9.81%	-	-	-	-	17.14%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 11/01/2019

w/o sales charge	10.16%	-	-	-	-	17.22%
Lipper Category Avg. Large-Cap Growth Funds	-	-	-	-	-	-
Russell 1000® Growth Index	9.81%	-	-	-	-	17.14%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Returns with sales charges reflect a maximum sales charge of 5.75%.

NAV HISTORICAL PRICES

Date	Net Asset Value

Portfolio

Holding	Sector	Assets

Microsoft Corp.	Information Technology	9.8%
Amazon.com, Inc.	Consumer Discretionary	7.4%
Alphabet, Inc.	Communication Services	6.1%
Apple, Inc.	Information Technology	4.7%
Facebook, Inc.	Communication Services	3.9%
Mastercard, Inc.	Information Technology	3.0%
PayPal Holdings, Inc.	Information Technology	2.2%
Zoetis, Inc.	Health Care	1.9%
RingCentral, Inc.	Information Technology	1.8%
Salesforce.com, Inc.	Information Technology	1.7%

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	9.8%
Amazon.com, Inc.	Consumer Discretionary	7.4%
Alphabet, Inc.	Communication Services	6.1%
Apple, Inc.	Information Technology	4.7%
Facebook, Inc.	Communication Services	3.9%
Mastercard, Inc.	Information Technology	3.0%
PayPal Holdings, Inc.	Information Technology	2.2%
Zoetis, Inc.	Health Care	1.9%
RingCentral, Inc.	Information Technology	1.8%
Salesforce.com, Inc.	Information Technology	1.7%
Netflix, Inc.	Communication Services	1.7%
NVIDIA Corp.	Information Technology	1.7%
NIKE, Inc.	Consumer Discretionary	1.7%
Visa, Inc.	Information Technology	1.6%
Fidelity National Information Services, Inc.	Information Technology	1.5%
Coca-Cola Co.	Consumer Staples	1.4%
ServiceNow, Inc.	Information Technology	1.3%
Analog Devices, Inc.	Information Technology	1.3%
Vertex Pharmaceuticals, Inc.	Health Care	1.3%
AbbVie, Inc.	Health Care	1.3%
Centene Corp.	Health Care	1.3%
American Tower Corp.	Real Estate	1.2%
Burlington Stores, Inc.	Consumer Discretionary	1.2%
Roper Industries, Inc.	Industrials	1.2%
Chipotle Mexican Grill, Inc.	Consumer Discretionary	1.1%
J.B. Hunt Transport Services, Inc.	Industrials	1.1%
Danaher Corp.	Health Care	1.1%
Honeywell International, Inc.	Industrials	1.1%
Wal-Mart Stores, Inc.	Consumer Staples	1.1%
Bristol-Myers Squibb Co.	Health Care	1.1%
IAC/InterActiveCorp.	Communication Services	1.1%
Old Dominion Freight Line, Inc.	Industrials	1.0%
SBA Communications Corp.	Real Estate	1.0%
Intuitive Surgical, Inc.	Health Care	1.0%
O'Reilly Automotive, Inc.	Consumer Discretionary	1.0%
AstraZeneca plc	Health Care	1.0%
QUALCOMM, Inc.	Information Technology	1.0%
TJX Cos., Inc.	Consumer Discretionary	0.9%
Boston Scientific Corp.	Health Care	0.9%
CoStar Group, Inc.	Industrials	0.9%
Dollar Tree, Inc.	Consumer Discretionary	0.9%
Vulcan Materials Co.	Materials	0.9%
Moody's Corp.	Financials	0.9%
Global Payments, Inc.	Information Technology	0.9%
Xilinx, Inc.	Information Technology	0.9%
Anthem, Inc.	Health Care	0.9%
Genpact Ltd.	Information Technology	0.9%
Stanley Black & Decker, Inc.	Industrials	0.8%
Splunk, Inc.	Information Technology	0.8%
Align Technology, Inc.	Health Care	0.8%
First Republic Bank/San Francisco CA	Financials	0.8%
Harris Corp.	Industrials	0.8%
Air Products & Chemicals, Inc.	Materials	0.7%
Brown-Forman Corp.	Consumer Staples	0.7%
RenaissanceRe Holdings Ltd.	Financials	0.6%
Lam Research Corp.	Information Technology	0.6%
Walt Disney Co/The	Communication Services	0.6%
Teleflex, Inc.	Health Care	0.6%
DexCom, Inc.	Health Care	0.5%
PepsiCo, Inc.	Consumer Staples	0.5%
Ball Corp.	Materials	0.5%
Merck & Co., Inc.	Health Care	0.5%
ABIOMED, Inc.	Health Care	0.5%
Home Depot USA, Inc.	Consumer Discretionary	0.5%
Norfolk Southern Corp.	Industrials	0.5%
Avery Dennison Corp.	Materials	0.5%
Pioneer Natural Resources Co.	Energy	0.5%
Neurocrine Biosciences, Inc.	Health Care	0.4%
ARAMARK Holdings Corp.	Consumer Discretionary	0.4%
Airbus SE	Industrials	0.4%
Church & Dwight Co., Inc.	Consumer Staples	0.3%
Tesla Motors, Inc.	Consumer Discretionary	0.3%
TransDigm Group, Inc.	Industrials	0.2%
Twilio, Inc.	Information Technology	0.2%
Airbus SE	Industrials	0.0%

SECTOR ALLOCATIONas of 05/29/2020

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Communication Services		0.3%
Real Estate		0.1%
Consumer Discretionary		0.7%
Consumer Staples		0.5%
Energy		0.0%
Financials		0.0%
Health Care		0.0%
Industrials		0.0%
Information Technology		0.2%
Materials		0.3%

Portfolio Details as of 05/29/2020

Total Net Assets: $206.76 M

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

Contributors & Detractors as of 03/31/2020

Contributors

Holding	Contribution
RingCentral, Inc.	0.4%
Amazon.com, Inc.	0.3%
Netflix, Inc.	0.2%
NVIDIA Corp.	0.1%
SBA Communications Corp.	0.1%

Detractors

Holding	Contribution
Alphabet, Inc.	-0.9%
Airbus Group	-0.6%
Facebook, Inc.	-0.6%
TransDigm Group, Inc.	-0.6%
Mastercard, Inc.	-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

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 Click here.

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

Dividend Payments

For

YTD Dividends Paidas of 07/02/2020: $0
Dividend Frequency: Annually

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
11/20/2019	11/21/2019	11/21/2019	$0.01140	$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
11/23/2020	11/24/2020	11/24/2020

Fees & Expenses

EXPENSE RATIOas of 05/31/2020

Fund Gross Expense Ratio	Fund Net Expense Ratio
1.03%	0.95%

Expense ratio details, Click here.

The net expense ratio is based on estimates for the current fiscal year and takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 02/28/2021. For periods when fees and expenses were waived and/or reimbursed, the Fund benefited by not bearing such expenses. Without such fee waivers/reimbursements, performance would have been lower.

Fund Documents

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	0Documents selected				Order
	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	Prospectus (XBRL) Publish Date:11/03/2015
	SAI 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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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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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-sized U.S. companies.

Fund Basicsas of 05/29/2020

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

TEN LARGEST HOLDINGS as of 05/29/2020View Portfolio

Sector Allocationas of 05/29/2020View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

Fund Expense Ratio :

Gross 1.03%

Net 0.95%

NAV HISTORICAL PRICES

Portfolio

Portfolio

SECTOR ALLOCATIONas of 05/29/2020

Portfolio Details as of 05/29/2020

Contributors & Detractors as of 03/31/2020

Contributors

Detractors

Attribution Analysis

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Fees & Expenses

Fees & Expenses