Focused Growth Fund
Daily price w/o sales charge as of 01/17/2020
$18.52
$0.10
YTD Returns w/o sales charge as of 01/17/2020
6.38%
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.
Fund Basicsas of 12/31/2019
- Total Net Assets
- $11.12 M
- Inception Date
- 02/01/2019
- Dividend Frequency
- Monthly (Daily Accrual)
- Fund Gross Expense Ratio
- 2.77%
- Fund Net Expense Ratio
- 0.73%
- Number of Holdings
- 33
TEN LARGEST HOLDINGS as of 12/31/2019View Portfolio
| Holding | Assets |
|---|---|
| Microsoft Corp. | 7.0% |
| Mastercard, Inc. | 6.0% |
| Apple, Inc. | 5.5% |
| NVIDIA Corp. | 4.3% |
| Alphabet, Inc. | 4.2% |
| Alibaba Group Holding Ltd. | 3.6% |
| Generac Holdings, Inc. | 3.5% |
| DocuSign Inc | 3.4% |
| Intuitive Surgical, Inc. | 3.4% |
| NIKE, Inc. | 3.1% |
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 12/31/2019View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
INVESTMENT TEAM
Your Representative
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Performance
Performance
Fund Expense Ratio :
Gross 2.77%
Net 0.73%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/31/2019 |
|---|
| w/o sales charge | - | - | - | - | - | 16.07% |
| Lipper Category Avg. Multi-Cap Growth Funds | - | - | - | - | - | - |
| Russell 1000® Growth Index | - | - | - | - | - | 25.14% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.77%
Net 0.73%
Fund Expense Ratio :
Gross 2.77%
Net 0.73%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 01/31/2019 |
|---|
| w/o sales charge | - | - | - | - | - | 16.07% |
| Lipper Category Avg. Multi-Cap Growth Funds | - | - | - | - | - | - |
| Russell 1000® Growth Index | - | - | - | - | - | 25.14% |
Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.
Fund Expense Ratio :
Gross 2.77%
Net 0.73%
Returns with sales charges reflect a maximum sales charge of 5.75%.
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.
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Microsoft Corp. | Technology | 7.0% |
| Mastercard, Inc. | Financial Services | 6.0% |
| Apple, Inc. | Technology | 5.5% |
| NVIDIA Corp. | Capital Goods | 4.3% |
| Alphabet, Inc. | Technology | 4.2% |
| Alibaba Group Holding Ltd. | Technology | 3.6% |
| Generac Holdings, Inc. | Consumer Discretionary | 3.5% |
| DocuSign Inc | Technology | 3.4% |
| Intuitive Surgical, Inc. | Health Care | 3.4% |
| NIKE, Inc. | Consumer Cyclicals | 3.1% |
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. | Technology | 7.0% |
| Mastercard, Inc. | Financial Services | 6.2% |
| Apple, Inc. | Technology | 5.2% |
| Alphabet, Inc. | Technology | 4.3% |
| NVIDIA Corp. | Capital Goods | 4.2% |
| Lululemon Athletica, Inc. | Consumer Cyclicals | 3.8% |
| Generac Holdings, Inc. | Consumer Discretionary | 3.6% |
| Intuitive Surgical, Inc. | Health Care | 3.6% |
| Alibaba Group Holding Ltd. | Technology | 3.6% |
| Walt Disney Co/The | Consumer Services | 3.5% |
| EPAM Systems, Inc. | Technology | 3.2% |
| RingCentral, Inc. | Technology | 3.1% |
| Roku Inc | Technology | 3.0% |
| NIKE, Inc. | Consumer Cyclicals | 3.0% |
| Keysight Technologies, Inc. | Technology | 3.0% |
| QUALCOMM, Inc. | Capital Goods | 2.9% |
| Insulet Corp. | Health Care | 2.9% |
| Vertex Pharmaceuticals, Inc. | Health Care | 2.9% |
| Applied Materials, Inc. | Capital Goods | 2.6% |
| DocuSign Inc | Technology | 2.5% |
| Zoetis, Inc. | Health Care | 2.5% |
| Advanced Micro Devices, Inc. | Capital Goods | 2.4% |
| JPMorgan Chase & Co. | Financial Services | 2.4% |
| Tesla Motors, Inc. | Auto | 2.3% |
| Paycom Software, Inc. | Technology | 2.3% |
| Amazon.com, Inc. | Technology | 2.3% |
| Harris Corp. | Technology | 2.2% |
| Match Group, Inc. | Technology | 1.9% |
| Alteryx Inc | Technology | 1.9% |
| Comcast Corp. | Consumer Services | 1.8% |
| Live Nation Entertainment, Inc. | Consumer Discretionary | 1.6% |
| Argenx SE | Health Care | 1.0% |
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 12/31/2019
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 6.2%
|
|
| Real Estate | 0.0% | |
| Consumer Discretionary |
5.6%
|
|
| Consumer Staples | 0.0% | |
| Energy | 0.0% | |
| Financials |
2.4%
|
|
| Health Care |
4.4%
|
|
| Industrials |
2.3%
|
|
| Information Technology |
3.9%
|
|
| Materials | 0.0% |
PORTFOLIO DETAILS as of 12/31/2019
- Total Net Assets
- $11.12 M
- Number of Holdings
- 33
- Weighted Average Market Cap.
- 316.4 B
- P/B Ratio
- 9.9x
- P/E Ratio
- 35.9x
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 12/31/2019
Contributors
| Holding | Contribution |
|---|---|
| Apple, Inc. | 1.6% |
| NVIDIA Corp. | 1.2% |
| Roku Inc | 1.1% |
| Advanced Micro Devices, Inc. | 1.1% |
| Tesla Motors, Inc. | 0.9% |
Detractors
| Holding | Contribution |
|---|---|
| Twitter, Inc. | -0.9% |
| Alteryx Inc | -0.2% |
| Mercadolibre, Inc. | -0.2% |
| Yeti Hldgs Inc | -0.1% |
| Blueprint Medicines Corp. | -0.1% |
% 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 12/31/2019
| Fund Gross Expense Ratio | Fund Net Expense Ratio | |
|---|---|---|
| 2.77% | 0.73% |
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 02/29/2020. 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
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
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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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