Focused Growth Fund
Daily price w/o sales charge as of 07/01/2022
$19.77
$0.09
YTD Returns w/o sales charge as of 07/01/2022
-33.90%
Summary
Summary
Fund Basicsas of 05/31/2022
- Total Net Assets
- $37.83 M
- Inception Date
- 02/01/2019
- Dividend Frequency
- Monthly (Daily Accrual)
- Fund Gross Expense Ratio
- 1.15%
- Fund Net Expense Ratio
- 0.71%
- Number of Holdings
- 33
TEN LARGEST HOLDINGS as of 05/31/2022View Portfolio
| Holding | Assets |
|---|---|
| Microsoft Corp | 10.5% |
| Apple Inc | 9.1% |
| Alphabet Inc | 8.2% |
| Tesla Inc | 5.5% |
| Cheniere Energy Inc | 4.3% |
| Mastercard Inc | 4.1% |
| UnitedHealth Group Inc | 3.3% |
| Arista Networks Inc | 3.2% |
| Vertex Pharmaceuticals Inc | 3.1% |
| Novo Nordisk A/S | 3.0% |
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 05/31/2022View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Utilities | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
INVESTMENT TEAM
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Performance
Performance
Fund Expense Ratio :
Gross 1.15%
Net 0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/31/2019 |
|---|
| w/o sales charge | -34.20% | -30.48% | 13.04% | - | - | 15.09% |
| Lipper Category Avg. Multi-Cap Growth Funds | - | - | - | - | - | - |
| Russell 1000® Growth Index | -28.07% | -18.77% | 12.58% | - | - | 14.58% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 1.15%
Net 0.71%
Fund Expense Ratio :
Gross 1.15%
Net 0.71%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/31/2019 |
|---|
| w/o sales charge | -34.20% | -30.48% | 13.04% | - | - | 15.09% |
| Lipper Category Avg. Multi-Cap Growth Funds | - | - | - | - | - | - |
| Russell 1000® Growth Index | -28.07% | -18.77% | 12.58% | - | - | 14.58% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 1.15%
Net 0.71%
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.
The Fund changed its investment strategy on 01/31/2019. Performance is calculated from this date.
| Year | Fund Returns | Russell 1000® Growth Index |
|---|
| 2021 | 13.29% | 27.60% |
| 2020 | 86.67% | 38.49% |
| 2019 | 16.07% | 36.39% |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2022 | -12.97% | -24.39% | - | - | -33.90% |
| 2021 | -2.27% | 9.71% | 0.00% | 5.66% | 13.29% |
| 2020 | -7.18% | 42.08% | 21.34% | 16.65% | 86.67% |
| 2019 | - | 4.55% | -8.29% | 13.20% | 16.07% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Microsoft Corp | Information Technology | 10.5% |
| Apple Inc | Information Technology | 9.1% |
| Alphabet Inc | Communication Services | 8.2% |
| Tesla Inc | Consumer Discretionary | 5.5% |
| Cheniere Energy Inc | Energy | 4.3% |
| Mastercard Inc | Information Technology | 4.1% |
| UnitedHealth Group Inc | Health Care | 3.3% |
| Arista Networks Inc | Information Technology | 3.2% |
| Vertex Pharmaceuticals Inc | Health Care | 3.1% |
| Novo Nordisk A/S | Health Care | 3.0% |
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 | 10.5% |
| Apple Inc | Information Technology | 9.1% |
| Alphabet Inc | Communication Services | 8.2% |
| Tesla Inc | Consumer Discretionary | 5.5% |
| Cheniere Energy Inc | Energy | 4.3% |
| Mastercard Inc | Information Technology | 4.1% |
| UnitedHealth Group Inc | Health Care | 3.3% |
| Arista Networks Inc | Information Technology | 3.2% |
| Vertex Pharmaceuticals Inc | Health Care | 3.1% |
| Novo Nordisk A/S | Health Care | 3.0% |
| Live Nation Entertainment Inc | Communication Services | 2.8% |
| Amazon.com Inc | Consumer Discretionary | 2.6% |
| NVIDIA Corp | Information Technology | 2.6% |
| Edwards Lifesciences Corp | Health Care | 2.4% |
| ADVANCED MICRO DEVICES | Information Technology | 2.3% |
| American Express Co | Financials | 2.3% |
| Visa Inc | Information Technology | 2.2% |
| Airbnb Inc | Consumer Discretionary | 2.1% |
| Palo Alto Networks Inc | Information Technology | 2.1% |
| Monolithic Power Systems Inc | Information Technology | 2.1% |
| AstraZeneca PLC | Health Care | 1.9% |
| Deere & Co | Industrials | 1.8% |
| Intuit Inc | Information Technology | 1.7% |
| Cytokinetics Inc | Health Care | 1.6% |
| Albemarle Corp | Materials | 1.6% |
| KLA Corp | Information Technology | 1.5% |
| Costco Wholesale Corp | Consumer Staples | 1.5% |
| Hilton Worldwide Holdings Inc | Consumer Discretionary | 1.5% |
| Raytheon Technologies Corp | Industrials | 1.5% |
| Argenx SE | Health Care | 1.4% |
| Lululemon Athletica Inc | Consumer Discretionary | 1.3% |
| Datadog Inc | Information Technology | 1.2% |
| Seagen Inc | Health Care | 0.9% |
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 05/31/2022
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 1.3%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary |
2.1%
|
|
| Consumer Staples |
1.3%
|
|
| Energy |
2.0%
|
|
| Financials |
1.7%
|
|
| Health Care |
7.0%
|
|
| Industrials |
0.7%
|
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| Information Technology |
6.1%
|
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| Materials |
1.6%
|
PORTFOLIO DETAILS as of 05/31/2022
- Total Net Assets
- $37.83 M
- Number of Holdings
- 33
- Weighted Average Market Cap.
- 759.8 B
- P/B Ratio
- 11.2x
- P/E Ratio
- 30.4x
To view definitions for the above Portfolio Details, Click here.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.
Contributors & Detractors as of 03/31/2022
Contributors
| Holding | Contribution |
|---|---|
| Deere & Co. | 0.3% |
| Vertex Pharmaceuticals Inc | 0.2% |
| Cheniere Energy Inc | 0.2% |
| Qualtrics Intl Inc | 0.1% |
| Palo Alto Networks Inc | 0.1% |
Detractors
| Holding | Contribution |
|---|---|
| EPAM Systems Inc | -1.3% |
| Advanced Micro Devices, Inc. | -0.9% |
| Microsoft Corp. | -0.8% |
| Intuit Inc | -0.6% |
| Trimble Navigation Ltd. | -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
| Focused 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 Affiliated 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.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Fees & Expenses
Fees & Expenses
EXPENSE RATIOas of 05/31/2022
| Fund Gross Expense Ratio | Fund Net Expense Ratio | |
|---|---|---|
| 1.15% | 0.71% |
Expense ratio details, Click here.
The net expense ratio takes into account contractual fee waivers/expense reimbursements that currently are scheduled to remain in place through 02/28/2023. 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
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
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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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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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