Focused Growth Fund

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LFGAX

Focused Growth Fund

LFGAX

Daily price w/o sales charge as of 09/28/2023

$21.03

$0.26

YTD Returns w/o sales charge as of 09/28/2023

16.70%

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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 08/31/2023

Total Net Assets: $35.29 M
Inception Date: 02/01/2019
Dividend Frequency: Monthly (Daily Accrual)
Fund Gross Expense Ratio: 1.54%
Fund Net Expense Ratio: 1.05%
Number of Holdings: 29
Minimum Initial Investment: $1,500+

TEN LARGEST HOLDINGS as of 08/31/2023View Portfolio

Holding	Assets
NVIDIA Corp	11.4%
Apple Inc	7.7%
Microsoft Corp	6.8%
Amazon.com Inc	5.4%
Shopify Inc	4.8%
Alphabet Inc	4.6%
Eli Lilly & Co	4.4%
Netflix Inc	3.8%
Meta Platforms Inc	3.4%
Arista Networks Inc	3.3%

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 08/31/2023View 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

36 Years of Industry Experience

Vernon Bice, CMT

Portfolio Manager

22 Years of Industry Experience

Matthew R. DeCicco, CFA

Partner & Director of Equities

23 Years of Industry Experience

Supported By 44 Investment Professionals with 17 Years Avg. Industry Experience

Your Representative

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Performance

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

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

w/o sales charge	26.53%	9.46%	0.20%	-	-	14.70%
Lipper Category Avg. Large-Cap Growth Funds	30.15%	20.34%	4.81%	-	-	-
Russell 1000® Growth Index	32.17%	21.94%	8.25%	-	-	17.23%
w/ sales charge	19.25%	3.17%	-1.76%	-	-	13.22%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

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

w/o sales charge	23.64%	14.73%	6.32%	-	-	14.71%
Lipper Category Avg. Large-Cap Growth Funds	27.69%	25.09%	9.74%	-	-	-
Russell 1000® Growth Index	29.02%	27.11%	13.73%	-	-	17.30%
w/ sales charge	16.53%	8.16%	4.25%	-	-	13.17%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

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

2022	-39.06%	-29.14%
2021	12.94%	27.60%
2020	86.10%	38.49%
2019	15.67%	36.39%

Year	Q1	Q2	Q3	Q4	Yearly Returns

2023	11.43%	10.96%	-	-	16.70%
2022	-13.02%	-24.49%	-1.91%	-5.41%	-39.06%
2021	-2.35%	9.65%	-0.06%	5.55%	12.94%
2020	-7.20%	41.99%	21.17%	16.56%	86.10%
2019	-	4.43%	-8.30%	13.03%	15.67%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

Growth of $10,000 as of 08/31/2023

The chart begins on the Fund's inception date of 01/31/2019.

Based on a hypothetical Class A share investment of $10,000 on 01/31/2019 without sales charge and includes the reinvestment of all distributions.

NAV HISTORICAL PRICES

Date	Net Asset Value

Portfolio

Holding	Sector	Assets

NVIDIA Corp	Information Technology	11.4%
Apple Inc	Information Technology	7.7%
Microsoft Corp	Information Technology	6.8%
Amazon.com Inc	Consumer Discretionary	5.4%
Shopify Inc	Information Technology	4.8%
Alphabet Inc	Communication Services	4.6%
Eli Lilly & Co	Health Care	4.4%
Netflix Inc	Communication Services	3.8%
Meta Platforms Inc	Communication Services	3.4%
Arista Networks Inc	Information Technology	3.3%

Holding	Sector	Assets

NVIDIA Corp	Information Technology	10.5%
Apple Inc	Information Technology	7.9%
Microsoft Corp	Information Technology	6.8%
Shopify Inc	Information Technology	4.8%
Amazon.com Inc	Consumer Discretionary	4.5%
Netflix Inc	Communication Services	3.8%
Meta Platforms Inc	Communication Services	3.5%
Alphabet Inc	Communication Services	3.5%
Adobe Inc	Information Technology	3.1%
Trade Desk Inc/The	Information Technology	3.1%
MongoDB Inc	Information Technology	3.1%
Lattice Semiconductor Corp	Information Technology	2.9%
HubSpot Inc	Information Technology	2.9%
Dexcom Inc	Health Care	2.6%
TransMedics Group Inc	Health Care	2.5%
Applied Materials Inc	Information Technology	2.4%
ServiceNow Inc	Information Technology	2.4%
Monolithic Power Systems Inc	Information Technology	2.4%
Arista Networks Inc	Information Technology	2.4%
Argenx SE	Health Care	2.3%
Advanced Micro Devices Inc	Information Technology	2.3%
Intuitive Surgical Inc	Health Care	2.3%
Uber Technologies Inc	Industrials	2.0%
Tesla Inc	Consumer Discretionary	2.0%
Cadence Design Systems Inc	Information Technology	1.9%
Eli Lilly & Co	Health Care	1.9%
Spotify Technology SA	Communication Services	1.8%
Mastercard Inc	Financials	1.8%
MercadoLibre Inc	Consumer Discretionary	1.6%
Lululemon Athletica Inc	Consumer Discretionary	1.5%
TransDigm Group Inc	Industrials	1.5%

Sector Allocationas of 08/31/2023

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Communication Services		0.9%
Real Estate		0.0%
Utilities		0.0%
Consumer Discretionary		2.0%
Consumer Staples		0.0%
Energy		0.0%
Financials		0.1%
Health Care		0.4%
Industrials		2.4%
Information Technology		1.3%
Materials		0.0%

Portfolio Positioningas of 03/31/2023

The Fund is designed and managed to provide investors with access to the most innovative, high-growth companies in their respective industries. Our investment research process is iterative and continuous and includes three primary components: 1) identifying innovators and superior businesses, 2) assessing and quantifying operating momentum, and 3) assessing and quantifying stock price momentum
Our positive view of the market was tested in March amid turmoil within the regional banking industry. In particular, the failure of Silicon Valley Bank was challenging given its outsized role financing innovation companies. While we work to better understand the medium-term implications, we believe there will likely be a bifurcation between companies that receive funding, and those that do not. Speculative business models with less tangible proof-of-concept products will likely come under pressure, while higher-quality, innovative companies with unique value propositions and strong management teams will continue to receive funding and potentially extend their market shares. This may, in turn, lead to a shortage in initial public offerings in the coming years, which could further solidify the competitive moats of these higher-quality businesses.
On the monetary front, we expect the Fed to pause its rate hiking cycle soon, although this remains contingent on inflation and labor reports moderating as the Fed clearly remains “data dependent.” We believe a Fed pause, not necessarily a cut, is enough of a positive catalyst for the markets as it removes the key headwind to growth stocks over the past year. Overall, we believe a neutral central bank and moderating inflation creates a strong backdrop for equities - particularly for quality market leaders within the growth sectors that our strategies specialize in. Lastly, from a technical standpoint, indices have largely tested and held key levels so we continue to lean positive, understanding the macro backdrop remains, at minimum, uncertain. We are especially encouraged by the Nasdaq Composite’s technical profile, as the most recent “flight to quality” trade resulted in mega-cap tech outperforming the broader market.
With an uncertain macro backdrop likely to persist, we remain focused on companies that possess quality business models (i.e., high moats, high margins, and great balance sheets), as well as both positive operating and price momentum. As such, over the quarter, we continued to add to our favorite growth names with idiosyncratic secular drivers that are less impacted by current macro headwinds – primarily within areas such as fintech, communication services, technology, and healthcare. We also reduced risk where prudent, cutting positions in companies that will require near-term funding, as well as positions in areas that are most vulnerable to the regional bank fallout and/or higher market volatility. Looking ahead, as interest rates and inflation potentially become secondary to fundamentals, we see increased opportunities for alpha generation. Many innovative companies faced dramatic valuation compression over the last two years and we believe many of these companies are now offering attractive risk/reward profiles. We also continue to expect communications services, consumer discretionary, small- and mid-cap health care, select industrials, and technology to lead the market higher.

Fees & Expenses

Sales Charge Schedule as of 09/28/2023

	Sales Charge	Dealer's Concession	Prices at Breakpoint
Less than $50,000	5.75%	5.00%	$22.31
$50,000 to $99,999	4.75%	4.00%	$22.08
$100,000 to $249,999	3.95%	3.25%	$21.89
$250,000 to $499,999	2.75%	2.25%	$21.62
$500,000 to $999,999	1.95%	1.75%	$21.45
$1,000,000 to $5,000,000	0.00%	1.00%	$21.03

Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.

For Sales Charge Reductions and Waivers View Full Disclosure

SALES CHARGE REDUCTIONS AND WAIVERS

Please inform the fund company or your financial intermediary at the time of your purchase of fund shares if you believe you qualify for a reduced front-end sales charge.

Reducing Your Class A Share Front-End Sales Charge
You may purchase Class A shares at a discount if you qualify under the circumstances outlined below. To receive a reduced front-end sales charge, you must let the fund or your financial intermediary know at the time of your purchase of fund shares that you believe you qualify for a discount. If you or a related party have holdings of eligible funds (as defined below) in other accounts with your financial intermediary or with other financial intermediaries that may be combined with your current purchases in determining the sales charge as described below, you must inform a fund or your financial intermediary. You may be asked to provide supporting account statements or other information to allow us or your financial intermediary to verify your eligibility for a discount. If you or your financial intermediary do not notify a fund or provide the requested information, you may not receive the reduced sales charge for which you otherwise qualify. Class A shares may be purchased at a discount if you qualify under either of the following conditions:

Rights of Accumulation - A Purchaser (as defined below) may combine thevalue of Class A, A1, C, F, and P shares of any Eligible Fund currentlyowned with a new purchase of Class A shares of any Eligible Fund in orderto reduce the sales charge on the new purchase. Class F3, I, R2, R3, R4, R5,and R6 share holdings may not be combined for these purposes.To the extent that your financial intermediary is able to do so, the value ofClass A, A1, C, F, and P shares of Eligible Funds determined for the purposeof reducing the sales charge of a new purchase under the Rights ofAccumulation will be calculated at the higher of: (1) the aggregate currentmaximum offering price of your existing Class A, A1, C, F, and P shares ofEligible Funds; or (2) the aggregate amount you invested in such shares(including dividend reinvestments but excluding capital appreciation) less anyredemptions. You should retain any information and account recordsnecessary to substantiate the historical amounts you and any relatedPurchasers have invested in Eligible Funds. You must inform the Fund and/or your financial intermediary at the time of purchase if you believe yourpurchase qualifies for a reduced sales charge and you may be requested toprovide documentation of your holdings in order to verify your eligibility. Ifyou do not do so, you may not receive all sales charge reductions for whichyou are eligible.
Letter of Intention — In order to reduce your Class A front-end salescharge, a Purchaser may combine purchases of Class A, A1, C, F, and Pshares of any Eligible Fund the Purchaser intends to make over the next13 months in determining the applicable sales charge. The 13-month Letterof Intention period commences on the day that the Letter of Intention isreceived by the Fund, and the Purchaser must tell the Fund that laterpurchases are subject to the Letter of Intention. Purchases submitted prior tothe date the Letter of Intention is received by the Fund are not countedtoward the sales charge reduction. Current holdings under Rights ofAccumulation may be included in a Letter of Intention in order to reduce thesales charge for purchases during the 13-month period covered by the Letterof Intention. Shares purchased through reinvestment of dividends ordistributions are not included. Class F3, I, R2, R3, R4, R5, and R6 shareholdings may not be combined for these purposes. Class A and A1 shares valued at up to 5% of the amount of intended purchases are escrowed andmay be redeemed to cover the additional sales charges payable if the intendedpurchases under the Letter of Intention are not completed. The Letter ofIntention is neither a binding obligation on you to buy, nor on the Fund tosell, any or all of the intended purchase amount.

Purchaser — A Purchaser includes: (1) an individual; (2) an individual, his or her spouse, domestic partner, and childrenunder the age of 21; (3) retirement and benefit plansincluding a 401(k) plan, profit-sharing plan, moneypurchase plan, defined benefit plan, and 457(b) plan sponsored by a governmental entity, non-profitorganization, school district or church to which employer contributions are made, as well as SIMPLE IRAplans and SEP-IRA plans; or (4) a trustee or other fiduciary purchasing shares for a single trust, estate orsingle fiduciary account or a trust established by the individual as grantor. An individual may include underitem (1) his or her holdings in Eligible Funds as described below in IRAs, as a sole participant of aretirement and benefit plan sponsored by the individual’s business, and as a participant in a 403(b) plan towhich only pre-tax salary deferrals are made. An individual, his or her spouse, and domestic partner mayinclude under item (2) their holdings in IRAs, and as the sole participants in retirement and benefit planssponsored by a business owned by either or both of them. A retirement and benefit plan under item (3)includes all qualified retirement and benefit plans of a single employer and its consolidated subsidiaries,and all qualified retirement and benefit plans of multiple employers registered in the name of a singlebank trustee.

Eligible fund — An eligible fund is any Lord Abbett-sponsored fund except for (1) each portfolio of Lord Abbett Series Fund, Inc., (2) Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc. ("Money Market Fund") (except for holdings in Money Market Fund, which are attributable to any shares exchanged from the Lord Abbett-sponsored funds), and (3) any other fund the shares of which are not available to the investor at the time of the transaction due to a limitation on the offering of a fund's shares.

Front-end Sales Charge Waivers
Class A shares may be purchased without a front-end sales charge under any of the following conditions:

purchases of $1 million or more (may be subject to a CDSC);
purchases by retirement and benefit plans with at least 100 eligible employees (may be subject to a CDSC);
purchases for retirement and benefit plans made through financial intermediaries that perform participant recordkeeping or other administrative services for the plans and that have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases (may be subject to a CDSC);
purchases made by or on behalf of financial intermediaries for clients that pay the financial intermediaries fees in connection with fee-based advisory program, provided that the financial intermediaries or their trading agents have entered into special arrangements with a fund and/or Lord Abbett Distributor specifically for such purchases; and
certain other types of investors may qualify to purchase Class A share without a front-end sales charge as described in the Statement of Additional Information (SAI).

EXPENSE RATIOas of 08/31/2023

Fund Gross Expense Ratio	Fund Net Expense Ratio
1.54%	1.05%

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 02/29/2024. 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

0Documents selected
Portfolio Holdings 1Q Publish Date:11/03/2015
Portfolio Holdings 3Q Publish Date:11/03/2015
Summary Prospectus Publish Date:11/03/2015
Statutory Prospectus 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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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

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 A Except as noted below, returns with sales charges reflect a maximum sales charge of 5.75% for equity funds, 2.25% for all tax-free income funds, fixed income funds and multi-asset class funds. There are also ongoing 12b-1 service fees (and, in certain cases, 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% if the shares are redeemed 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.

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.

Lipper Category Average Expense Ratio reflects the average net expenses of Class A shares of all funds with in the peer group based on Lipper data available.

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 08/31/2023

TEN LARGEST HOLDINGS as of 08/31/2023View Portfolio

Sector Allocationas of 08/31/2023View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

Fund Expense Ratio :

Gross 1.54%

Net 1.05%

Growth of $10,000 as of 08/31/2023

NAV HISTORICAL PRICES

Portfolio

Portfolio

Sector Allocationas of 08/31/2023

Portfolio Positioningas of 03/31/2023

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 09/28/2023

EXPENSE RATIOas of 08/31/2023

Fund Documents

Fund Documents

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