LFGAX | Focused Growth Fund Class A | 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 06/30/2021

Total Net Assets
$49.70 M
Inception Date
02/01/2019
Dividend Frequency
Monthly (Daily Accrual)
Number of Holdings
33
Minimum Initial Investment
$1,500+

Expense Ratioas of 06/30/2021

TEN LARGEST HOLDINGS as of 06/30/2021View Portfolio

Holding Assets
Alphabet Inc 8.0%
Microsoft Corp 7.7%
Amazon.com Inc 6.0%
Facebook Inc 5.5%
NVIDIA Corp 5.3%
Apple Inc 5.1%
Applied Materials Inc 3.4%
Trimble Inc 3.3%
Axon Enterprise, Inc. 3.1%
Generac Holdings Inc 3.0%

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

Partner & Director of Equities

21 Years of Industry Experience

Supported By 36 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Fund Expense Ratio :

Gross 2.25%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2019
w/o sales charge 7.07% 51.24% - - - 41.39%
Lipper Category Avg. Multi-Cap Growth Funds 10.87% 43.32% - - - -
Russell 1000® Growth Index 12.99% 42.50% - - - 32.15%
w/ sales charge 0.90% 42.57% - - - 37.94%

Fund Expense Ratio :

Gross 2.25%

Net 1.05%

Fund Expense Ratio :

Gross 2.25%

Net 1.05%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 01/31/2019
w/o sales charge 7.07% 51.24% - - - 41.39%
Lipper Category Avg. Multi-Cap Growth Funds 10.87% 43.32% - - - -
Russell 1000® Growth Index 12.99% 42.50% - - - 32.15%
w/ sales charge 0.90% 42.57% - - - 37.94%

Fund Expense Ratio :

Gross 2.25%

Net 1.05%

Year Fund Returns Russell 1000® Growth Index
2020 86.10% 38.49%
2019 15.67% 36.39%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -2.35% 9.65% - - 11.11%
2020 -7.20% 41.99% 21.17% 16.56% 86.10%
2019 - 4.43% -8.30% 13.03% 15.67%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioningas of 3/31/2021

  • The complexion of the market has changed since 2021 began. Covid-19 continues to diminish as a market force, and the focus is now on a strong economic recovery in its wake. Rates have risen significantly, and this has driven a leadership change from secular growth to value. The news on the economy is good and the U.S. Federal Reserve remains supportive. We believe inflation will remain low over the intermediate term, but conditions are set for a near term jump.
  • We have adjusted the portfolio to reflect the magnitude of the increase in interest rates and the degree to which the market has begun to discount a stronger than expected economic recovery. Most of the changes were related to these reflation and reopening developments.
  • We remain structurally bullish on the outlook for growth equities. In our view, there is  a long runway for innovation. The dual forces of the tech revolution and low interest rates create the backdrop for good performance over the coming years. 
  • We remain focused on identifying companies with sound business models, favorable industry conditions, potential competitive advantages, and competent management teams. We continue to assess market sentiment and momentum factors to balance risk and opportunity.

PORTFOLIO DETAILS as of 06/30/2021

Total Net Assets
$49.70 M
Number of Holdings
33
Weighted Average Market Cap.
658.9 B
P/B Ratio
14.0x
P/E Ratio
45.5x

Contributors & Detractors as of  06/30/2021

Contributors

Holding Contribution
NVIDIA Corp. 1.8%
Alphabet Inc 1.5%
Microsoft Corp. 1.1%
Generac Holdings, Inc. 0.9%
IDEXX Laboratories, Inc. 0.7%

Detractors

Holding Contribution
Biogen Idec, Inc. -0.5%
Draftkings Inc -0.4%
Tesla Motors, Inc. -0.4%
Uber Technologies Inc -0.4%
Turning Point Therapeut -0.3%

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

Sales Charge Schedule as of 07/28/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $35.66
$50,000 to $99,999 4.75% 4.00% $35.29
$100,000 to $249,999 3.95% 3.25% $34.99
$250,000 to $499,999 2.75% 2.25% $34.56
$500,000 to $999,999 1.95% 1.75% $34.28
$1,000,000 to $5,000,000 0.00% 1.00% $33.61

EXPENSE RATIOas of 06/30/2021

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
Summary Prospectus
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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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