LFGCX | Focused Growth Fund Class C | Lord Abbett

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(as of 12/05/2015)

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Focused Growth Fund

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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 Basics

Total Net Assets
-
Inception Date
02/01/2019
Dividend Frequency
Monthly (Daily Accrual)
Fund Gross Expense Ratio
2.24%
Fund Net Expense Ratio
1.80%
Number of Holdings
-
Minimum Initial Investment
$1,500+

INVESTMENT TEAM

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

Partner & Portfolio Manager

35 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

21 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

21 Years of Industry Experience

Supported By 41 Investment Professionals with 19 Years Avg. Industry Experience

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Performance

Performance

Fund Expense Ratio :

Gross 2.24%

Net 1.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2019
w/o sales charge -35.95% -32.51% 14.40% - - 12.19%
Lipper Category Avg. Multi-Cap Growth Funds - - - - - -
Russell 1000® Growth Index - - - - - -
w/ sales charge -36.59% -33.09% 14.40% - - 12.19%

Fund Expense Ratio :

Gross 2.24%

Net 1.80%

Fund Expense Ratio :

Gross 2.24%

Net 1.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2019
w/o sales charge -35.95% -32.51% 14.40% - - 12.19%
Lipper Category Avg. Multi-Cap Growth Funds - - - - - -
Russell 1000® Growth Index - - - - - -
w/ sales charge -36.59% -33.09% 14.40% - - 12.19%

Fund Expense Ratio :

Gross 2.24%

Net 1.80%

Year Fund Returns Russell 1000® Growth Index
2021 12.08% 27.60%
2020 84.73% 38.49%
2019 14.93% 36.39%
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -13.19% -24.62% -2.12% - -35.95%
2021 -2.55% 9.43% -0.25% 5.37% 12.08%
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 6/30/2022

  • Key indicators for the market continue to support defensive positioning. Technical signals continue to be challenged; inflation is too high; liquidity, as measured by central bank balance sheets, which was expanding throughout 2020 and 2021, is now shrinking; credit spreads are widening; earnings are growing but seem more likely to be revised lower than higher in the months ahead. Of these, the dominant issue is inflation; if we get relief on that measure, the other metrics, too, should improve. Until then, “don’t fight the Fed” and “don’t fight the tape” are two simple rules to survive and advance. Accordingly, we remain defensive with an emphasis on quality (loosely defined as companies with greater earnings stability, higher market capitalizations, and higher current profitability levels) with selective additions and overweights in our highest-conviction high-growth names.
  • Inflation appears to now be sowing the seeds of a potential economic slowdown, as higher prices have cut demand in areas such as retail and housing. At the same time, efforts by central banks to bring down inflation has led to wealth erosion in financial assets while yields have fallen off their peak. As a result, this evidence of a slowdown appears to be gathering momentum.
  • Looking out beyond the immediate term, the powerful secular forces that kept inflation low before the pandemic - namely demographics, high debt levels, and the technology revolution - will reassert themselves at some point. Tighter monetary and fiscal policy, too, should cause inflation to decelerate from very high levels.  A decline in inflation is a powerful backdrop for equity returns (when it occurs) and supports a bullish outlook for equities. Furthermore, the technology revolution is ever more powerful with each passing year, providing a supportive backdrop for innovation in the Consumer, Communications, Healthcare, and Technology sectors in the decade ahead. The opportunity set of terrific growth companies in these sectors at more reasonable valuations continues to expand.  Many of these companies have dominant market positions, are experiencing tremendous growth, are very early on in their penetration, and have years of high compounding annual growth ahead.

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 08/31/2022

Fund Gross Expense Ratio Fund Net Expense Ratio
2.24% 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
Publish Date:11/03/2015
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Statutory Prospectus
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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