LFGFX | Focused Growth Fund Class F | 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 08/31/2020

Total Net Assets
$26.04 M
Inception Date
02/01/2019
Dividend Frequency
Monthly (Daily Accrual)
Fund Gross Expense Ratio
2.94%
Fund Net Expense Ratio
0.80%
Number of Holdings
33

TEN LARGEST HOLDINGS as of 08/31/2020View Portfolio

Holding Assets
Apple, Inc. 7.6%
Amazon.com, Inc. 7.2%
Microsoft Corp. 6.1%
Alphabet, Inc. 4.4%
Tesla Motors, Inc. 4.3%
Advanced Micro Devices, Inc. 3.9%
Square, Inc. 3.9%
NVIDIA Corp. 3.7%
Roku Inc 3.3%
Redfin Corp 3.2%

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

Managing Director, Director of Equities and Portfolio Manager

21 Years of Industry Experience

Supported By 40 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Fund Expense Ratio :

Gross 2.94%

Net 0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2019
w/o sales charge 61.41% 66.39% - - - 48.65%
Lipper Category Avg. Multi-Cap Growth Funds 27.21% 36.26% - - - -
Russell 1000® Growth Index 30.47% 44.34% - - - 36.36%

Fund Expense Ratio :

Gross 2.94%

Net 0.80%

Fund Expense Ratio :

Gross 2.94%

Net 0.80%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2019
w/o sales charge 31.91% 36.87% - - - 35.13%
Lipper Category Avg. Multi-Cap Growth Funds 9.90% 17.46% - - - -
Russell 1000® Growth Index 9.81% 23.28% - - - 25.27%

Fund Expense Ratio :

Gross 2.94%

Net 0.80%

Year Fund Returns Russell 1000® Growth Index
2019 15.93% 36.39%
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -7.13% 42.04% - - 58.08%
2019 - 4.49% -8.29% 13.14% 15.93%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 06/30/2020

  • We believe the Fund’s long-term positioning in high innovation stocks and industries should be a tailwind for relative performance. We believe industries powering the technology revolution – from the cloud to artificial intelligence to biotechnology, medical devices, and ecommerce – are best positioned to weather both cyclical bear markets and corrections with unique catalysts like COVID-19,  and benefit from the  innovative environment that will likely persist for years. We continue to assess market sentiment and momentum factors to balance risk and opportunity
  • Moreover, unlike many other areas of the economy, we believe that these targeted areas of innovation should continue to exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.
  • The Fund already had a large underweight to cyclical sectors over the past year, due to the trade war and slow growth overseas and in the U.S. These sectors, which include leisure, travel, tourism, and now energy, all appear to be embarking on much more severe cyclical declines.

PORTFOLIO DETAILS as of 08/31/2020

Total Net Assets
$26.04 M
Number of Holdings
33
Weighted Average Market Cap.
578.0 B
P/B Ratio
18.1x
P/E Ratio
72.0x

Contributors & Detractors as of  06/30/2020

Contributors

Holding Contribution
Redfin Corp 3.9%
Shopify, Inc. 3.0%
Amazon.com, Inc. 2.9%
Tesla Motors, Inc. 2.7%
Apple, Inc. 2.4%

Detractors

Holding Contribution
Arena Pharmaceuticals, Inc. -0.1%
Iovance Biotherapeutics -0.1%
Nevro Corp. -0.1%
Facebook, Inc. 0.0%
US($) 0.0%

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 08/31/2020

Fund Gross Expense Ratio Fund Net Expense Ratio
2.94% 0.80%

Fund Documents

Fund Documents

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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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Class F - The inception date for Class F shares is September 28, 2007. The performance quotations for Class F are based on the following methods of calculation: (a) for periods prior to September 28, 2007, a restated figure is used based on the Fund's Class I performance, which does not have a 12b-1 fee, adjusted to reflect the Rule 12b-1 rate differential between Class I and Class F; and (b) for periods after September 28, 2007, actual Class F performance is used reflecting all charges and fees applicable to Class F shares.

Class F shares are available only to eligible fee-based advisory programs and certain registered investment advisers. For additional information, see the Fund’s current prospectus.

Class F - The inception date for Class F Shares is August 31, 2020. The performance quotations for Class F are based on the following methods of calculation: (a) for periods prior to August 31, 2020, a restated figure is used based on the Fund's Class I performance, adjusted to reflect the fees and expenses of Class F Shares ; and (b) for periods after August 31, 2020, actual Class F performance is used reflecting all charges and fees applicable to Class F shares.

Class F shares are available only to eligible fee-based advisory programs and certain registered investment advisers. For additional information, see the Fund’s current prospectus.

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