LFGCX | Focused Growth Fund Class C | Lord Abbett
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Focused Growth Fund

Summary

Summary

What is the Focused Growth Fund?

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

 

Fund Basicsas of 10/29/2021

Total Net Assets
$52.31 M
Inception Date
02/01/2019
Dividend Frequency
Monthly (Daily Accrual)
Fund Gross Expense Ratio
3.00%
Fund Net Expense Ratio
1.80%
Number of Holdings
32
Minimum Initial Investment
$1,500+

TEN LARGEST HOLDINGS as of 10/29/2021View Portfolio

Holding Assets
Tesla Inc 9.8%
Alphabet Inc 8.3%
Microsoft Corp 8.3%
NVIDIA Corp 5.7%
Apple Inc 4.7%
Affirm Holdings Inc 3.2%
Advanced Micro Devices Inc 3.1%
Generac Holdings Inc 3.1%
Crowdstrike Holdings Inc 2.8%
HubSpot Inc 2.8%

INVESTMENT TEAM

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

Partner & Portfolio Manager

33 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

19 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

21 Years of Industry Experience

Supported By 36 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Fund Expense Ratio :

Gross 3.00%

Net 1.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2019
w/o sales charge 18.03% 25.84% - - - 38.35%
Lipper Category Avg. Multi-Cap Growth Funds 14.84% 20.69% - - - -
Russell 1000® Growth Index 24.95% 30.70% - - - 31.39%
w/ sales charge 17.03% 24.84% - - - 38.35%

Fund Expense Ratio :

Gross 3.00%

Net 1.80%

Fund Expense Ratio :

Gross 3.00%

Net 1.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2019
w/o sales charge 6.37% 23.77% - - - 35.79%
Lipper Category Avg. Multi-Cap Growth Funds 10.44% 27.37% - - - -
Russell 1000® Growth Index 14.30% 27.32% - - - 29.26%
w/ sales charge 5.37% 22.77% - - - 35.79%

Fund Expense Ratio :

Gross 3.00%

Net 1.80%

Year Fund Returns Russell 1000® Growth Index
2020 84.73% 38.49%
2019 14.93% 36.39%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -2.55% 9.43% -0.25% - 10.57%
2020 -7.42% 41.73% 21.00% 16.36% 84.73%
2019 - 4.25% -8.51% 12.90% 14.93%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 9/30/2021

  • Unlike 2020, this year continues to be a challenging environment to identify market leadership, as the Delta variant of Covid-19 has somewhat slowed what was a vibrant economic re-opening and shifted leadership back towards some secular growth stocks; however, these shifts have been uneven, as earnings results have also been highly consequential.  Companies beating expectations by a substantial amount have fared well, while those that have missed on key metrics have been punished harshly, and we anticipate markets will see continued volatility as uncertainty about economic activity and inflation persists. In months where earnings data is light, short-term macro data and central bank comments are causing big reactions in the market, both positive and negative, as speculation mounts over the pace and timing of asset purchase tapering by the U.S. Federal Reserve (Fed).
  • In addition, we believe the market is starting to look through the current strength of cyclicals towards the likely leadership in 2022, namely innovation stocks with sustained, secular growth. We would expect leadership to start to come from outside mega cap stocks, which have dominated even as some growth is slowing. As a result, we have moved more underweight mega cap stocks. We have also unwound a good amount of the Fund’s tactical positioning in more economically sensitive names in favor of areas of secular growth, such as streaming, online dating, digital media, ecommerce, medical devices, semi-conductors, and artificial intelligence technologies.
  • Our active approach focuses on identifying high innovation companies with both operating momentum and price momentum. It is through this lens that we continuously assess our portfolio and developments in the broader economy.

PORTFOLIO DETAILS as of 10/29/2021

Total Net Assets
$52.31 M
Number of Holdings
32
Weighted Average Market Cap.
751.3 B
P/B Ratio
16.5x
P/E Ratio
42.6x

Contributors & Detractors as of  09/30/2021

Contributors

Holding Contribution
Alphabet Inc 0.8%
Affirm Holdings Inc 0.4%
Microsoft Corp. 0.3%
HubSpot Inc 0.3%
Tesla Motors, Inc. 0.3%

Detractors

Holding Contribution
Roku Inc -0.5%
Carvana Co -0.4%
Docusign Inc -0.4%
Applied Materials Inc -0.3%
Activision Blizzard, Inc. -0.3%

Attribution Analysis 

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

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 11/30/2021

Fund Gross Expense Ratio Fund Net Expense Ratio
3.00% 1.80%

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
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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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