LGLOX | Growth Leaders Fund Class F3 | Lord Abbett
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Growth Leaders Fund

Summary

Summary

What is the Growth Leaders Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.

Fund Basicsas of 09/30/2020

Total Net Assets
$7.03 B
Inception Date
04/05/2017
Dividend Frequency
Annually
Fund Expense Ratio
0.62%
Number of Holdings
76

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 50.60% 68.22% 29.58% 23.61% - 18.36%
Lipper Category Avg. Multi-Cap Growth Funds 24.15% 35.45% 18.66% 16.90% - -
Russell 1000® Growth Index 24.33% 37.53% 21.67% 20.10% - -

Fund Expense Ratio :

0.62%

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 50.60% 68.22% 29.58% 23.61% - 18.36%
Lipper Category Avg. Multi-Cap Growth Funds 24.15% 35.45% 18.66% 16.90% - -
Russell 1000® Growth Index 24.33% 37.53% 21.67% 20.10% - -

Fund Expense Ratio :

0.62%

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TEN LARGEST HOLDINGS as of 09/30/2020View Portfolio

Holding Assets
Apple, Inc. 6.4%
Amazon.com, Inc. 5.9%
Microsoft Corp. 5.0%
NVIDIA Corp. 3.0%
Zoom Video Communications Inc 3.0%
Alphabet, Inc. 2.7%
Tesla Motors, Inc. 2.7%
Square, Inc. 2.3%
Roku Inc 2.2%
Facebook, Inc. 2.1%

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 39 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 50.60% 68.22% 29.58% 23.61% - 18.36%
Lipper Category Avg. Multi-Cap Growth Funds 24.15% 35.45% 18.66% 16.90% - -
Russell 1000® Growth Index 24.33% 37.53% 21.67% 20.10% - -

Fund Expense Ratio :

0.62%

Fund Expense Ratio :

0.62%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 50.60% 68.22% 29.58% 23.61% - 18.36%
Lipper Category Avg. Multi-Cap Growth Funds 24.15% 35.45% 18.66% 16.90% - -
Russell 1000® Growth Index 24.33% 37.53% 21.67% 20.10% - -

Fund Expense Ratio :

0.62%

Year Fund Returns Russell 1000® Growth Index
2019 35.18% 36.39%
2018 -0.64% -1.51%
2017 31.63% 30.21%
2016 0.92% 7.08%
2015 7.05% 5.67%
2014 10.53% 13.05%
2013 47.38% 33.48%
2012 10.54% 15.26%
2011 -8.18% 2.64%
Year Q1 Q2 Q3 Q4 Yearly Returns
2020 -9.73% 40.26% 18.95% - 48.69%
2019 20.85% 6.39% -5.88% 11.70% 35.18%
2018 4.65% 7.01% 11.08% -20.13% -0.64%
2017 8.06% 6.21% 6.61% 7.57% 31.63%
2016 -3.87% 0.78% 6.13% -1.84% 0.92%
2015 4.79% 1.27% -6.06% 7.38% 7.05%
2014 2.18% 3.65% 0.10% 4.25% 10.53%
2013 11.55% 7.34% 13.23% 8.71% 47.38%
2012 15.59% -5.75% 3.94% -2.38% 10.54%
2011 - - -14.95% 7.96% -8.18%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as 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 catalysts,  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 2 ½ years, 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 09/30/2020

Total Net Assets
$7.03 B
Number of Holdings
76
Weighted Average Market Cap.
430.6 B
P/B Ratio
15.0x
P/E Ratio
57.4x

Contributors & Detractors as of  09/30/2020

Contributors

Holding Contribution
Tesla Motors, Inc. 1.8%
Immunomedics, Inc. 1.8%
Zoom Video Communicatio 1.6%
Apple, Inc. 1.5%
NVIDIA Corp. 1.1%

Detractors

Holding Contribution
Alteryx Inc -0.2%
Paylocity Holding Corp. -0.1%
Vertex Pharmaceuticals, Inc. -0.1%
Roper Industries, Inc. -0.1%
Burlington Stores, Inc. -0.1%

Attribution Analysis 

Growth Leaders Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

Dividends & Cap Gains

Dividends & Cap Gains

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date Reinvest & Payable Date
11/23/2020 11/24/2020 11/24/2020

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/20/2019 11/21/2019 $1.9547 $0.3895 $2.3442 $28.17

Upcoming Capital Gain Distribution

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date Ex-Dividend Date
11/23/2020 11/24/2020

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 09/30/2020

0.62%

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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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
Fund Story
Publish Date:11/03/2015
Publish Date:11/03/2015

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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.

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