Focused Growth Fund

LFGOX

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Daily price w/o sales charge as of 08/14/2020

$25.48

$0.11

YTD Returns w/o sales charge as of 08/14/2020

46.35%

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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 07/31/2020

Total Net Assets: $21.72 M
Inception Date: 02/01/2019
Dividend Frequency: Monthly (Daily Accrual)
Fund Gross Expense Ratio: 2.76%
Fund Net Expense Ratio: 0.72%
Number of Holdings: 33

TEN LARGEST HOLDINGS as of 07/31/2020View Portfolio

Holding	Assets
Amazon.com, Inc.	7.0%
Microsoft Corp.	6.7%
Apple, Inc.	6.0%
Alphabet, Inc.	4.8%
Advanced Micro Devices, Inc.	4.0%
NVIDIA Corp.	3.5%
PayPal Holdings, Inc.	3.5%
Redfin Corp	3.3%
Square, Inc.	3.3%
Five9, 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 07/31/2020View Portfolio

Sector	Weighting

Sector	Weighting
Communication Services
Real Estate
Utilities
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials

INVESTMENT TEAM

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

Partner & Portfolio Manager

33 Years of Industry Experience

Vernon Bice, CMT

Portfolio Manager

19 Years of Industry Experience

Matthew R. DeCicco, CFA

Managing Director & 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

Fund Expense Ratio :

Gross 2.76%

Net 0.72%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2019

w/o sales charge	44.80%	45.14%	-	-	-	41.49%
Lipper Category Avg. Multi-Cap Growth Funds	18.20%	24.16%	-	-	-	-
Russell 1000® Growth Index	18.26%	29.84%	-	-	-	29.96%

Fund Expense Ratio :

Gross 2.76%

Net 0.72%

Fund Expense Ratio :

Gross 2.76%

Net 0.72%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 01/31/2019

w/o sales charge	31.88%	36.91%	-	-	-	35.22%
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 2.76%

Net 0.72%

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.

Year	Fund Returns	Russell 1000® Growth Index

2019

16.07%

36.39%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2020	-7.18%	42.08%	-	-	46.35%
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

Holding	Sector	Assets

Amazon.com, Inc.	Consumer Discretionary	7.0%
Microsoft Corp.	Information Technology	6.7%
Apple, Inc.	Information Technology	6.0%
Alphabet, Inc.	Communication Services	4.8%
Advanced Micro Devices, Inc.	Information Technology	4.0%
NVIDIA Corp.	Information Technology	3.5%
PayPal Holdings, Inc.	Information Technology	3.5%
Redfin Corp	Real Estate	3.3%
Square, Inc.	Information Technology	3.3%
Five9, Inc.	Information Technology	3.1%

Holding	Sector	Assets

Amazon.com, Inc.	Consumer Discretionary	6.9%
Apple, Inc.	Information Technology	6.4%
Alphabet, Inc.	Communication Services	5.7%
Microsoft Corp.	Information Technology	5.6%
Redfin Corp	Real Estate	4.2%
NVIDIA Corp.	Information Technology	3.9%
Tesla Motors, Inc.	Consumer Discretionary	3.5%
Mastercard, Inc.	Information Technology	3.3%
Shopify, Inc.	Information Technology	3.3%
Vertex Pharmaceuticals, Inc.	Health Care	3.0%
PayPal Holdings, Inc.	Information Technology	2.9%
Trade Desk, Inc./The	Information Technology	2.9%
Advanced Micro Devices, Inc.	Information Technology	2.9%
Inphi Corp.	Information Technology	2.7%
Square, Inc.	Information Technology	2.6%
DocuSign Inc	Information Technology	2.6%
Netflix, Inc.	Communication Services	2.6%
Spotify Technology SA	Communication Services	2.6%
SVMK Inc	Information Technology	2.5%
Nevro Corp.	Health Care	2.3%
DexCom, Inc.	Health Care	2.2%
Zoom Video Communications Inc	Information Technology	2.2%
Chewy Inc	Consumer Discretionary	2.1%
Chegg, Inc.	Consumer Discretionary	2.1%
Crowdstrike Holdings Inc	Information Technology	2.0%
Paycom Software, Inc.	Information Technology	2.0%
Five9, Inc.	Information Technology	1.9%
Lululemon Athletica, Inc.	Consumer Discretionary	1.8%
NIKE, Inc.	Consumer Discretionary	1.8%
Immunomedics, Inc.	Health Care	1.3%
Argenx SE	Health Care	1.1%
Arena Pharmaceuticals, Inc.	Health Care	1.1%
Mirati Therapeutics, Inc.	Health Care	0.9%

Sector Allocationas of 07/31/2020

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Communication Services		1.3%
Real Estate		0.9%
Utilities		0.0%
Consumer Discretionary		0.3%
Consumer Staples		0.0%
Energy		0.0%
Financials		0.0%
Health Care		0.0%
Industrials		1.7%
Information Technology		1.3%
Materials		0.0%

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 07/31/2020

Total Net Assets: $21.72 M
Number of Holdings: 33
Weighted Average Market Cap.: 456.6 B
P/B Ratio: 17.8x
P/E Ratio: 65.5x

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 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%

% 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

for

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.

Please see "About Wilshire Attribution" of the performance attribution displayed above by Click here.

About Wilshire Attribution

The Wilshire Atlas Variance Analysis tool provides a methodology for explaining the difference in performance between a portfolio and its benchmark, based on the decomposition of returns. The user specifies the portfolio, index, link frequency, sector and weighting. The weighting can be shown as beginning, average or end weights and is used for display purposes only.

Average Weight (Portfolio): This is the average weight of each group in the portfolio. Alternatively, the weight at the end of the reporting period, or on average across the reporting period, may be selected.

Base Return (Portfolio): This is the weighted average holding period return for the securities in each group. This weighted average is calculated for each link period using beginning weights and then the resulting values are linked together to calculate the displayed value.

Average Weight (Benchmark): This is the average weight of each group in the benchmark. Alternatively, the weight at the end of the reporting period, or on average across the reporting period, may be selected.

Base Return (Benchmark): This is the weighted average holding period return for the benchmark securities in each group. This weighted average is calculated for each link period using beginning weights, then the resulting values are linked together to calculate the displayed value.

Stock Selection Variance: This is the success of selection decisions within each group versus the benchmark. It is calculated for each link period using the following equation: Stock Selection Variance = WP,G * (RP,G - RB,G), where WP,G = Weight of the group in the portfolio, RP,G = Return of the group in the portfolio, RB,G = Return of the group in the benchmark.

Group Weighting Variance: This is the result of weighting decisions in each group versus the benchmark. It is calculated for each link period using the following equation: Group Weighting Variance = (WP,G – WB,G) * (RB,G – RB,T), where WP,G = Weight of the group in the portfolio, WB,G = Weight of the group in the benchmark, RB,G = Return of the group in the benchmark, RB,T = Overall return of the benchmark.

Total Variance: This is the sum of group weighting and stock selection variances. This represents the amount of total variance that is explained by the selection and allocation decisions for each group.

Wilshire generated returns are calculated gross of fees based on end of day prices and do not capture intraday cash flow, price changes or trading activity, and therefore are subject to some variance from Lord Abbett returns. In addition, Wilshire and Lord Abbett may use different pricing sources and methodologies.

Not Classified securities represent those securities which have not been assigned an official GICS Direct classification. GICS Direct, a joint product of Standard & Poor’s and MSCI, provides industry classifications for more than 40,000 companies and over 45,000 securities. Not Classified securities may include, but are not limited to: Exchange-Traded Funds (ETFs), pink sheet-listed issues, pre-IPO placements, private placements, secondary issues, open-end funds, closed-end funds, and non-operating establishments.

Under certain circumstances, Lord Abbett may elect to have Wilshire map an ETF holding to the relevant characteristics represented by that ETF’s underlying index in order to reflect the exposure and performance contributed by the ETF to the overall portfolio. When this option is selected, Wilshire will remove the ETF from the Not Classified category and instead allocate the ETF’s exposures across the relevant attributes based on the composition of the ETF’s underlying index.

Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.

Fees & Expenses

EXPENSE RATIOas of 07/31/2020

Fund Gross Expense Ratio	Fund Net Expense Ratio
2.76%	0.72%

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 02/28/2021. 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

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	0Documents selected				Order
	Summary Prospectus Publish Date:11/03/2015
n/a	Statutory Prospectus Publish Date:11/03/2015
n/a	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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IMPORTANT INFORMATION

A Note about Risk: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies, including market, liquidity, currency, and political risks. Mid and small cap company stocks tend to be more volatile and may be less liquid than large cap company stocks. Mid and small cap companies also may have more limited product lines, markets, or financial resources and typically experience a higher risk of failure than large companies. However, larger companies may have slower rates of growth than smaller successful companies. Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general. The Fund engages in active and frequent trading of its securities, which may result in increased transaction fees, reduced investment performance, and higher taxes. These factors can adversely affect Fund performance. The fund performance history at this time is very limited; therefore, performance achieved during its initial period of investment operation may not be replicated over longer periods and may not be indicative of how the Fund will perform in the future. Past performance is no guarantee of future results.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

Class F3 - The inception date for Class F3 shares is April 4, 2017. The performance quotations for Class F3 are based on the following methods of calculation: (a) for periods prior to June 30, 2015, a figure is used based on the historical performance of the Fund’s Class I Shares, since inception, restated to reflect all charges and fees applicable to Class F3 shares; (b) for periods prior to April 4, 2017 but after June 30, 2015, performance is based on the historical performance of the Fund’s Class R6 shares, which have an equivalent expense ratio to the Fund’s F3 shares; and (c) for periods after April 4, 2017, actual Class F3 performance is used, which reflects all charges and fees applicable to Class F3 shares.

Class F3 shares are only offered to certain eligible investors. For additional information, see the Fund’s current prospectus.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

Fund Expense Ratio Detail: Reflects expenses for the Fund's fiscal year-end and is subject to change. Fund expenses may fluctuate with market volatility. A substantial reduction in Fund assets (since its most recently completed fiscal year), whether caused by market conditions or significant redemptions or both, will likely cause total operating expenses (as a percentage of Fund assets) to become higher than those shown.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

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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 Basicsas of 07/31/2020

TEN LARGEST HOLDINGS as of 07/31/2020View Portfolio

Sector Allocationas of 07/31/2020View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

Fund Expense Ratio :

Gross 2.76%

Net 0.72%

Fund Expense Ratio :

Gross 2.76%

Net 0.72%

Fund Expense Ratio :

Gross 2.76%

Net 0.72%

Fund Expense Ratio :

Gross 2.76%

Net 0.72%

NAV HISTORICAL PRICES

Portfolio

Portfolio

Sector Allocationas of 07/31/2020

Portfolio Positioningas of 06/30/2020

PORTFOLIO DETAILS as of 07/31/2020

Contributors & Detractors as of 06/30/2020

Contributors

Detractors

Attribution Analysis

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 07/31/2020

Fund Documents

Fund Documents

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