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 06/02/2023

$30.00

arrowUp$0.24

YTD Returns w/o sales charge as of 06/02/2023

16.69%

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 04/28/2023

Total Net Assets
$5.07 B
Inception Date
06/30/2011
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.66%
Fund Net Expense Ratio
0.66%
Number of Holdings
65
Minimum Initial Investment

+Minimum Exceptions, View Full Disclosure

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 These investment minimums may be suspended, changed, or withdrawn by Lord Abbett Distributor LLC ("Lord Abbett Distributor").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 14.12% -2.88% 5.08% 10.16% 13.44% 12.88%
Lipper Category Avg. Multi-Cap Growth Funds - - - - - -
Russell 1000® Growth Index 20.76% 9.55% 12.85% 13.84% 14.76% 14.46%
w/ sales charge 14.12% -2.88% 5.08% 10.16% 13.44% 12.88%

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

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 10.04% -22.47% 13.04% 10.82% 13.71% 12.72%
Lipper Category Avg. Multi-Cap Growth Funds 11.36% -15.04% 13.52% 9.20% 11.41% -
Russell 1000® Growth Index 14.37% -10.90% 18.58% 13.66% 14.59% 14.15%

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.

RELATED CONTENT

Equities: Identifying Potential Inflation Winners and Losers
December 7, 2021

We believe investors should focus on the stocks of four types of companies that may be best- positioned to prosper during a sustained period of rising prices.

TEN LARGEST HOLDINGS as of 04/28/2023View Portfolio

Holding Assets
Apple Inc 8.0%
Microsoft Corp 5.4%
NVIDIA Corp 5.0%
Alphabet Inc 3.5%
Meta Platforms Inc 2.9%
Arista Networks Inc 2.4%
Shopify Inc 2.2%
MercadoLibre Inc 2.0%
Align Technology Inc 1.9%
Netflix Inc 1.9%

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 04/28/2023View 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
F. Thomas O'Halloran, CFA, J.D.

Partner & Portfolio Manager

36 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

22 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

23 Years of Industry Experience

Benjamin Ebel
Benjamin Ebel

Portfolio Manager

31 Years of Industry Experience

Steven H. Wortman
Steven H. Wortman

Portfolio Manager

25 Years of Industry Experience

Supported By 42 Investment Professionals with 17 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 14.12% -2.88% 5.08% 10.16% 13.44% 12.88%
Lipper Category Avg. Multi-Cap Growth Funds - - - - - -
Russell 1000® Growth Index 20.76% 9.55% 12.85% 13.84% 14.76% 14.46%
w/ sales charge 14.12% -2.88% 5.08% 10.16% 13.44% 12.88%

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

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 10.04% -22.47% 13.04% 10.82% 13.71% 12.72%
Lipper Category Avg. Multi-Cap Growth Funds 11.36% -15.04% 13.52% 9.20% 11.41% -
Russell 1000® Growth Index 14.37% -10.90% 18.58% 13.66% 14.59% 14.15%

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
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% 33.48%
2012 10.42% -
2011 -8.23% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 10.04% - - - 16.69%
2022 -13.04% -23.40% -3.43% -4.74% -38.73%
2021 -3.82% 6.57% 1.53% 4.69% 8.95%
2020 -9.74% 40.25% 18.93% 17.89% 77.49%
2019 20.84% 6.38% -5.90% 11.68% 35.09%
2018 4.63% 6.99% 11.08% -20.15% -0.72%
2017 8.03% 6.22% 6.58% 7.55% 31.54%
2016 -3.87% 0.73% 6.09% -1.84% 0.84%
2015 4.76% 1.24% -6.06% 7.33% 6.95%
2014 2.16% 3.62% 0.07% 4.23% 10.41%
2013 11.52% 7.31% 13.20% 8.68% 47.22%
2012 15.55% -5.78% 3.91% -2.41% 10.42%
2011 - - -14.97% 7.93% -8.23%

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
Apple Inc Information Technology 8.0%
Microsoft Corp Information Technology 5.4%
NVIDIA Corp Information Technology 5.0%
Alphabet Inc Communication Services 3.5%
Meta Platforms Inc Communication Services 2.9%
Arista Networks Inc Information Technology 2.4%
Shopify Inc Information Technology 2.2%
MercadoLibre Inc Consumer Discretionary 2.0%
Align Technology Inc Health Care 1.9%
Netflix Inc Communication Services 1.9%

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
Apple Inc Information Technology 8.0%
Microsoft Corp Information Technology 5.4%
NVIDIA Corp Information Technology 5.0%
Alphabet Inc Communication Services 3.5%
Meta Platforms Inc Communication Services 2.9%
Arista Networks Inc Information Technology 2.4%
Shopify Inc Information Technology 2.2%
MercadoLibre Inc Consumer Discretionary 2.0%
Align Technology Inc Health Care 1.9%
Netflix Inc Communication Services 1.9%
Advanced Micro Devices Inc Information Technology 1.9%
Trade Desk Inc/The Information Technology 1.8%
Spotify Technology SA Communication Services 1.7%
Deckers Outdoor Corp Consumer Discretionary 1.7%
Booking Holdings Inc Consumer Discretionary 1.7%
Mastercard Inc Financials 1.6%
HubSpot Inc Information Technology 1.6%
NIKE Inc Consumer Discretionary 1.6%
ServiceNow Inc Information Technology 1.6%
Lattice Semiconductor Corp Information Technology 1.6%
Monolithic Power Systems Inc Information Technology 1.6%
Applied Materials Inc Information Technology 1.5%
Dexcom Inc Health Care 1.5%
Cadence Design Systems Inc Information Technology 1.5%
ON Semiconductor Corp Information Technology 1.5%
Crocs Inc Consumer Discretionary 1.5%
MarketAxess Holdings Inc Financials 1.4%
Ulta Beauty Inc Consumer Discretionary 1.3%
Cloudflare Inc Information Technology 1.2%
Dynatrace Inc Information Technology 1.2%
Vertex Pharmaceuticals Inc Health Care 1.2%
MSCI Inc Financials 1.2%
Palo Alto Networks Inc Information Technology 1.2%
Mobileye Global Inc Consumer Discretionary 1.2%
Airbnb Inc Consumer Discretionary 1.1%
Insulet Corp Health Care 1.1%
Starbucks Corp Consumer Discretionary 1.1%
Marriott International Inc/MD Consumer Discretionary 1.1%
Visa Inc Financials 1.1%
Eli Lilly & Co Health Care 1.1%
Lululemon Athletica Inc Consumer Discretionary 1.1%
Intuitive Surgical Inc Health Care 1.0%
Rockwell Automation Inc Industrials 1.0%
Clear Secure Inc Information Technology 1.0%
IDEXX Laboratories Inc Health Care 1.0%
Axon Enterprise, Inc. Industrials 1.0%
KLA Corp Information Technology 1.0%
Mettler-Toledo International Inc Health Care 0.9%
Old Dominion Freight Line Inc Industrials 0.9%
Amazon.com Inc Consumer Discretionary 0.9%
Argenx SE Health Care 0.9%
Inspire Medical Systems Inc Health Care 0.8%
Okta Inc Information Technology 0.8%
TransDigm Group Inc Industrials 0.8%
TransMedics Group Inc Health Care 0.8%
Parker-Hannifin Corp Industrials 0.8%
DoubleVerify Holdings Inc Information Technology 0.8%
Sarepta Therapeutics Inc Health Care 0.7%
PDD Holdings Inc Consumer Discretionary 0.7%
Cytokinetics Inc Health Care 0.7%
Intuit Inc Information Technology 0.6%
Karuna Therapeutics Inc Health Care 0.6%
Toast Inc Financials 0.5%
Confluent Inc Information Technology 0.5%
Axonics Inc Health Care 0.5%

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 04/28/2023

Sector Weighting Fund Change from Previous Quarter
Sector Weighting Fund Change from Previous Quarter
Communication Services arrowUp0.7%
Real Estate 0.0%
Utilities 0.0%
Consumer Discretionary arrowUp0.3%
Consumer Staples 0.0%
Energy 0.0%
Financials arrowUp2.8%
Health Care arrowUp2.2%
Industrials arrowDown0.2%
Information Technology arrowDown4.3%
Materials 0.0%

Portfolio Positioning as 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.

PORTFOLIO DETAILS as of 04/28/2023

Total Net Assets
$5.07 B
Number of Holdings
65
Weighted Average Market Cap.
516.6 B
P/B Ratio
10.6x
P/E Ratio
38.5x

To view definitions for the above Portfolio Details, Click here.

 

Market Capitalization Breakdown - Morningstar separates stock portfolio holdings into five market-capitalization groups: Giant, Large, Mid, Small, and Micro. Of the 5000 largest domestic stocks in their equities database, the top 1% are categorized as Giant, the next 4% are Large, the next 15% are Mid, the next 30% are Small, and the remaining 50% are Micro. Stocks outside of the largest 5000 are also classified as Micro.

 

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.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 06/02/2023
$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
11/20/2023 11/21/2023 11/21/2023

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 04/30/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.66% 0.66%

Fund Documents

Fund Documents

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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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