Focused Growth Fund

LFGIX

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Daily price w/o sales charge as of 11/20/2019

$16.64

$0.03

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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 10/31/2019

Total Net Assets: $9.92 M
Inception Date: 02/01/2019
Dividend Frequency: Monthly (Daily Accrual)
Fund Gross Expense Ratio: 0.89%
Fund Net Expense Ratio: 0.80%
Number of Holdings: 32
Minimum Initial Investment: $1,000,000+

TEN LARGEST HOLDINGS as of 10/31/2019View Portfolio

Holding	Assets
Mastercard, Inc.	6.3%
Microsoft Corp.	5.8%
Apple, Inc.	5.2%
Lululemon Athletica, Inc.	4.1%
NVIDIA Corp.	4.1%
Roku Inc	4.0%
Match Group, Inc.	3.9%
Generac Holdings, Inc.	3.8%
Live Nation Entertainment, Inc.	3.5%
RingCentral, 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 10/31/2019View Portfolio

Sector	Weighting

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

INVESTMENT TEAM

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

Partner & Portfolio Manager

32 Years of Industry Experience

Matthew R. DeCicco, CFA

Managing Director & Portfolio Manager

20 Years of Industry Experience

Vernon Bice, CMT

Portfolio Manager

18 Years of Industry Experience

Supported By 44 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Fund Expense Ratio :

Gross 0.89%

Net 0.80%

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

w/o sales charge	-	-	-	-	-	6.13%
Lipper Category Avg. Global Multi-Cap Growth Fds	-	-	-	-	-	-
Russell 1000® Growth Index	-	-	-	-	-	16.32%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.89%

Net 0.80%

Fund Expense Ratio :

Gross 0.89%

Net 0.80%

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

w/o sales charge	-	-	-	-	-	2.53%
Lipper Category Avg. Global Multi-Cap Growth Fds	-	-	-	-	-	-
Russell 1000® Growth Index	-	-	-	-	-	13.13%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 0.89%

Net 0.80%

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

Holding	Sector	Assets

Mastercard, Inc.	Financial Services	6.3%
Microsoft Corp.	Technology	5.8%
Apple, Inc.	Technology	5.2%
Lululemon Athletica, Inc.	Consumer Cyclicals	4.1%
NVIDIA Corp.	Capital Goods	4.1%
Roku Inc	Technology	4.0%
Match Group, Inc.	Technology	3.9%
Generac Holdings, Inc.	Consumer Discretionary	3.8%
Live Nation Entertainment, Inc.	Consumer Discretionary	3.5%
RingCentral, Inc.	Technology	3.1%

Holding	Sector	Assets

Mastercard, Inc.	Financial Services	6.5%
Microsoft Corp.	Technology	5.7%
Amazon.com, Inc.	Technology	4.9%
Match Group, Inc.	Technology	4.4%
Lululemon Athletica, Inc.	Consumer Cyclicals	4.1%
Insulet Corp.	Health Care	3.5%
Live Nation Entertainment, Inc.	Consumer Discretionary	3.5%
Twitter, Inc.	Technology	3.5%
Advanced Micro Devices, Inc.	Capital Goods	3.3%
Generac Holdings, Inc.	Consumer Discretionary	3.3%
NVIDIA Corp.	Capital Goods	3.2%
Apple, Inc.	Technology	3.2%
YETI Holdings Inc	Consumer Cyclicals	3.1%
PayPal Holdings, Inc.	Financial Services	3.1%
EPAM Systems, Inc.	Technology	3.1%
Roku Inc	Technology	2.9%
Alibaba Group Holding Ltd.	Technology	2.8%
Applied Materials, Inc.	Capital Goods	2.5%
Keysight Technologies, Inc.	Technology	2.5%
Paycom Software, Inc.	Technology	2.5%
Facebook, Inc.	Technology	2.4%
RingCentral, Inc.	Technology	2.4%
Snap Inc	Technology	2.4%
Alteryx Inc	Technology	2.3%
Trade Desk, Inc./The	Consumer Discretionary	2.2%
Mercadolibre, Inc.	Technology	2.1%
QUALCOMM, Inc.	Capital Goods	2.0%
HubSpot, Inc.	Technology	1.9%
Blueprint Medicines Corp.	Health Care	1.9%
GW Pharmaceuticals plc	Health Care	1.9%
Vertex Pharmaceuticals, Inc.	Health Care	1.8%
Xilinx, Inc.	Capital Goods	1.8%

Sector Allocationas of 10/31/2019

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Communication Services		2.6%
Real Estate		0.0%
Consumer Discretionary		3.4%
Consumer Staples		0.0%
Energy		0.0%
Financials		0.0%
Health Care		1.8%
Industrials		2.9%
Information Technology		2.5%
Materials		0.0%

Portfolio Positioningas of 09/30/2019

We have reduced the portfolio’s overweight in the information technology sector, specifically software providers. Although we anticipate continued innovation in e-commerce and cloud computing companies, the outsized gains in these stocks over the past few years have led us to take profits selectively. We remain underweight in particular FAANG stocks.
Within the health care sector, we remain focused on smaller capitalization biotechnology companies, as they have tended to be more innovative than their large cap peers, which have large amounts of cash but inferior product pipelines. The portfolio maintains exposure to innovative minimally-invasive medical device companies.
The portfolio remains underweight in certain bond proxy sectors, such as consumer staples and real estate, as we continue to believe these sectors are overvalued and lacking in operating momentum and certain fundamental characteristics that we favor.
During the third quarter, the equity market continued to wrestle with trade war worries and interest rate volatility. Although the companies that we favor underperformed in this environment, we believe innovative growth companies continue to be attractive over the long term. Furthermore, we believe that improving fundamentals and moderate inflation levels will continue to support higher equity prices for select innovative growth stocks.

PORTFOLIO DETAILS as of 10/31/2019

Total Net Assets: $9.92 M
Number of Holdings: 32
Weighted Average Market Cap.: 234.4 B
P/B Ratio: 11.0x
P/E Ratio: 37.0x

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 09/30/2019

Contributors

Holding	Contribution
Insulet Corp.	0.4%
RingCentral, Inc.	0.3%
Lululemon Athletica, Inc.	0.2%
EPAM Systems, Inc.	0.1%
Mastercard, Inc.	0.1%

Detractors

Holding	Contribution
GW Pharmaceuticals plc	-0.9%
HubSpot, Inc.	-0.6%
Roku Inc	-0.6%
Blueprint Medicines Corp.	-0.6%
Chegg, Inc.	-0.5%

% 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 10/31/2019

Fund Gross Expense Ratio	Fund Net Expense Ratio
0.89%	0.80%

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

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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
	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.

New Fund Risk: The Fund is newly organized. There can be no assurance that the Fund will reach or maintain a sufficient asset size to effectively implement its investment strategy.

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.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

Class I - SEC Returns reflect performance for Class I shares at Net Asset Value.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

Class A Shares purchased subject to a front-end sales charge have no contingent deferred sales charge (CDSC). However, certain purchases of Class A shares made without a front-end sales charge may be subject to a CDSC of 1.50% if the shares are repurchased before the first day of the month in which the one year anniversary of the purchase falls. The CDSC is not reflected in the performance with maximum sales charge.

Except as noted below, returns with sales charges reflect a maximum sales charge of 2.50%. There are also ongoing 12b-1 service and distribution fees.

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 10/31/2019

TEN LARGEST HOLDINGS as of 10/31/2019View Portfolio

Sector Allocationas of 10/31/2019View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

Fund Expense Ratio :

Gross 0.89%

Net 0.80%

Fund Expense Ratio :

Gross 0.89%

Net 0.80%

Fund Expense Ratio :

Gross 0.89%

Net 0.80%

Fund Expense Ratio :

Gross 0.89%

Net 0.80%

NAV HISTORICAL PRICES

Portfolio

Portfolio

Sector Allocationas of 10/31/2019

Portfolio Positioningas of 09/30/2019

PORTFOLIO DETAILS as of 10/31/2019

Contributors & Detractors as of 09/30/2019

Contributors

Detractors

Attribution Analysis

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 10/31/2019

Fund Documents

Fund Documents

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