LGLIX | Growth Leaders Fund Class I | Lord Abbett

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Growth Leaders Fund

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Daily price w/o sales charge as of 07/26/2024

$40.07

arrowUp$0.35

YTD Returns w/o sales charge as of 07/26/2024

16.92%

Please click here for performance current to the most recent quarter-end and month-end.

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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 06/28/2024

Total Net Assets
$6.44 B
Inception Date
06/30/2011
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.66%
Fund Net Expense Ratio
0.66%
Number of Holdings
48

+Minimum Exceptions, View Full Disclosure

Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").

Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

 

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 24.39% 35.51% 2.59% 15.60% 14.58% 15.01%
Lipper Category Avg. Multi-Cap Growth Funds 13.93% 23.48% 0.54% 12.16% 11.60% -
Russell 1000® Growth Index 20.70% 33.48% 11.28% 19.34% 16.33% 16.31%
w/ sales charge 24.39% 35.51% 2.59% 15.60% 14.58% 15.01%

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 24.39% 35.51% 2.59% 15.60% 14.58% 15.01%
Lipper Category Avg. Multi-Cap Growth Funds 13.93% 23.48% 0.54% 12.16% 11.60% -
Russell 1000® Growth Index 20.70% 33.48% 11.28% 19.34% 16.33% 16.31%

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

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.

TEN LARGEST HOLDINGS as of 06/28/2024View Portfolio

Holding Assets
NVIDIA Corp 13.1%
Microsoft Corp 7.1%
Amazon.com Inc 5.2%
Alphabet Inc 4.7%
Eli Lilly & Co 3.3%
Meta Platforms Inc 3.1%
Apple Inc 2.9%
Arista Networks Inc 2.7%
Broadcom Inc 2.7%
HubSpot Inc 2.5%

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 06/28/2024View 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
F. Thomas O'Halloran, CFA, J.D.

Partner, Portfolio Manager

37 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

23 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

23 Years of Industry Experience

Benjamin Ebel
Benjamin Ebel

Senior Managing Director, Portfolio Manager

32 Years of Industry Experience

Steven H. Wortman
Steven H. Wortman

Portfolio Manager

26 Years of Industry Experience

Supported By 41 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 :

Gross 0.66%

Net 0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 24.39% 35.51% 2.59% 15.60% 14.58% 15.01%
Lipper Category Avg. Multi-Cap Growth Funds 13.93% 23.48% 0.54% 12.16% 11.60% -
Russell 1000® Growth Index 20.70% 33.48% 11.28% 19.34% 16.33% 16.31%
w/ sales charge 24.39% 35.51% 2.59% 15.60% 14.58% 15.01%

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 24.39% 35.51% 2.59% 15.60% 14.58% 15.01%
Lipper Category Avg. Multi-Cap Growth Funds 13.93% 23.48% 0.54% 12.16% 11.60% -
Russell 1000® Growth Index 20.70% 33.48% 11.28% 19.34% 16.33% 16.31%

Fund Expense Ratio :

Gross 0.66%

Net 0.66%

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.

Year Fund Returns Russell 1000® Growth Index
2023 33.29% 42.68%
2022 -38.73% -29.14%
2021 8.95% 27.60%
2020 77.49% 38.49%
2019 35.09% 36.39%
2018 -0.72% -1.51%
2017 31.54% 30.21%
2016 0.84% 7.08%
2015 6.95% 5.67%
2014 10.41% 13.05%
2013 47.22% -
2012 10.42% -
Year Q1 Q2 Q3 Q4
2024 17.77% 5.62% - -
2023 10.04% 11.21% -4.67% 14.27%
2022 -13.04% -23.40% -3.43% -4.74%
2021 -3.82% 6.57% 1.53% 4.69%
2020 -9.74% 40.25% 18.93% 17.89%
2019 20.84% 6.38% -5.90% 11.68%
2018 4.63% 6.99% 11.08% -20.15%
2017 8.03% 6.22% 6.58% 7.55%
2016 -3.87% 0.73% 6.09% -1.84%
2015 4.76% 1.24% -6.06% 7.33%
2014 2.16% 3.62% 0.07% 4.23%
2013 11.52% 7.31% 13.20% 8.68%
2012 15.55% -5.78% 3.91% -2.41%

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

Portfolio

Holding Sector Assets
NVIDIA Corp Information Technology 13.1%
Microsoft Corp Information Technology 7.1%
Amazon.com Inc Consumer Discretionary 5.2%
Alphabet Inc Communication Services 4.7%
Eli Lilly & Co Health Care 3.3%
Meta Platforms Inc Communication Services 3.1%
Apple Inc Information Technology 2.9%
Arista Networks Inc Information Technology 2.7%
Broadcom Inc Information Technology 2.7%
HubSpot Inc Information Technology 2.5%

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.

Holding Sector Assets
NVIDIA Corp Information Technology 12.8%
Microsoft Corp Information Technology 7.0%
Amazon.com Inc Consumer Discretionary 5.1%
Alphabet Inc Communication Services 4.7%
Eli Lilly & Co Health Care 3.1%
Meta Platforms Inc Communication Services 3.1%
HubSpot Inc Information Technology 2.7%
Arista Networks Inc Information Technology 2.5%
Spotify Technology SA Communication Services 2.5%
MercadoLibre Inc Consumer Discretionary 2.4%
Intuitive Surgical Inc Health Care 2.3%
Netflix Inc Communication Services 2.1%
Synopsys Inc Information Technology 2.1%
Apple Inc Information Technology 2.0%
Applied Materials Inc Information Technology 1.9%
Monolithic Power Systems Inc Information Technology 1.7%
Natera Inc Health Care 1.7%
KLA Corp Information Technology 1.7%
Chipotle Mexican Grill Inc Consumer Discretionary 1.7%
Uber Technologies Inc Industrials 1.7%
CyberArk Software Ltd Information Technology 1.6%
Crowdstrike Holdings Inc Information Technology 1.6%
Cadence Design Systems Inc Information Technology 1.5%
ServiceNow Inc Information Technology 1.5%
Broadcom Inc Information Technology 1.5%
Datadog Inc Information Technology 1.4%
TransDigm Group Inc Industrials 1.4%
Advanced Micro Devices Inc Information Technology 1.4%
Costco Wholesale Corp Consumer Staples 1.3%
Apollo Global Management Inc Financials 1.3%
Eaton Corp PLC Industrials 1.2%
Boston Scientific Corp Health Care 1.2%
Axon Enterprise Inc Industrials 1.2%
DoorDash Inc Consumer Discretionary 1.2%
Trade Desk Inc/The Communication Services 1.0%
Danaher Corp Health Care 1.0%
AppLovin Corp Information Technology 1.0%
Dexcom Inc Health Care 0.9%
Blueprint Medicines Corp Health Care 0.9%
Visa Inc Financials 0.9%
Mastercard Inc Financials 0.9%
EMCOR Group Inc Industrials 0.9%
Glaukos Corp Health Care 0.9%
Trane Technologies PLC Industrials 0.8%
Coinbase Global Inc Financials 0.8%
Vertiv Holdings Co Industrials 0.8%
Shopify Inc Information Technology 0.7%
Regeneron Pharmaceuticals Inc Health Care 0.7%
Neurocrine Biosciences Inc Health Care 0.7%
SpringWorks Therapeutics Inc Health Care 0.6%
DraftKings Inc Consumer Discretionary 0.6%
Quanta Services Inc Industrials 0.6%

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 06/28/2024

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Communication Services arrowUp1.2%
Real Estate 0.0%
Utilities 0.0%
Consumer Discretionary arrowDown3.9%
Consumer Staples arrowUp1.3%
Energy 0.0%
Financials arrowDown3.3%
Health Care arrowDown0.1%
Industrials arrowDown2.2%
Information Technology arrowUp6.0%
Materials 0.0%

Portfolio Positioning as of 06/30/2024

  • Our view is that pressure on stock market valuations from the post-pandemic inflation surge and the Fed’s aggressive tightening is nearing an end, removing a major headwind for innovation stocks. While the decline in inflation has not been linear, several indicators suggest a continued downward bias. The remaining exception is a strong labor market, which has mixed implications as higher real wages support consumer spending and a soft landing, while higher service prices should keep the Fed vigilant. Against this backdrop, we see stable economic growth and a low probability of a severe recession.
  • Thus far in 2024, unique areas of the U.S. economy are seeing differentiated growth and operating momentum relative to the broader market, creating a large dispersion in stock performance. The “Magnificent 7” from 2023 has given way to a broader set of secular winners across and within industries. We continue to focus on these companies, as we believe their expanding markets, combined with market-share gains, pricing power, and efficiency-driven margin expansion, support above average revenue and earnings growth despite a modestly mixed and evolving global macro backdrop. We are optimistic that smaller capitalized stocks can begin to outperform after a long period of underperformance as we are seeing a number of companies exhibiting strong fundamentals.
  • We are currently finding ample opportunities across the market cap spectrum in many of our favorite areas as they appear ready to re-accelerate their growth. These include, but are not limited to, the emergence of generative artificial intelligence, revolutionary advances in medical treatments, an industrial infrastructure reinvestment cycle driven by datacenter, electric grid, and supply chain reshoring, and a continuation of innovation in our consumer society

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 07/26/2024
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/27/2012 12/28/2012 12/28/2012 $0.03120 $15.17
11/19/2012 11/20/2012 11/20/2012 $0.06290 $14.96

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
11/25/2024 11/26/2024 11/26/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/22/2021 11/23/2021 $6.5143 $3.4867 $10.0010 $44.55
*

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor. 

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 06/30/2024

Fund Gross Expense Ratio 0.66%
Fund Net Expense Ratio 0.66%
Adjusted Expense Ratio -

Fund Documents

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 Financial Statements and Other Information *
Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information *
Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. There is no minimum initial investment for (i) purchases through or by registered investment advisers (RIAs), bank trust departments, and other financial intermediaries otherwise eligible to purchase Class I shares that charge a fee for services that include investment advisory or management services or (ii) purchases by retirement and benefit plans meeting the Class I eligibility requirements as described in the prospectus. These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").

Class I shares minimum initial investment of $1,000,000, unless otherwise noted, applies to certain types of institutional investors as described in the prospectus. 

 

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. 

 

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.

 

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.

 

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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