LGLIX | Growth Leaders Fund Class I | Lord Abbett

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Growth Leaders Fund

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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 10/31/2022

Total Net Assets
$5.57 B
Inception Date
06/30/2011
Dividend Frequency
Annually
Fund Expense Ratio
0.64%
Number of Holdings
64
Minimum Initial Investment
 
 

Fund Expense Ratio :

0.64%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge -33.06% -36.45% 9.75% 11.68% 14.92% 13.05%
Lipper Category Avg. Multi-Cap Growth Funds - - - - - -
Russell 1000® Growth Index - - - - - -

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge -35.68% -32.66% 11.58% 12.40% 14.14% 12.85%
Lipper Category Avg. Multi-Cap Growth Funds -34.49% -31.72% 6.19% 8.42% 10.95% -
Russell 1000® Growth Index -30.66% -22.59% 10.67% 12.16% 13.70% 13.24%

Fund Expense Ratio :

0.64%

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 10/31/2022View Portfolio

Holding Assets
Apple Inc 10.6%
Microsoft Corp 7.0%
Alphabet Inc 4.1%
Amazon.com Inc 3.3%
Eli Lilly & Co 2.8%
Tesla Inc 2.8%
Vertex Pharmaceuticals Inc 2.8%
UnitedHealth Group Inc 2.7%
Cheniere Energy Inc 2.4%
Enphase Energy Inc 2.4%

INVESTMENT TEAM

F. Thomas O'Halloran
F. Thomas O'Halloran, CFA, J.D.

Partner & Portfolio Manager

35 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

21 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

21 Years of Industry Experience

Supported By 41 Investment Professionals with 19 Years Avg. Industry Experience

Your Representative

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

Performance

Performance

Fund Expense Ratio :

0.64%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge -33.06% -36.45% 9.75% 11.68% 14.92% 13.05%
Lipper Category Avg. Multi-Cap Growth Funds - - - - - -
Russell 1000® Growth Index - - - - - -

Fund Expense Ratio :

0.64%

Fund Expense Ratio :

0.64%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge -35.68% -32.66% 11.58% 12.40% 14.14% 12.85%
Lipper Category Avg. Multi-Cap Growth Funds -34.49% -31.72% 6.19% 8.42% 10.95% -
Russell 1000® Growth Index -30.66% -22.59% 10.67% 12.16% 13.70% 13.24%

Fund Expense Ratio :

0.64%

Year Fund Returns Russell 1000® Growth Index
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% 15.26%
2011 -8.23% -
Year Q1 Q2 Q3 Q4 Yearly Returns
2022 -13.04% -23.40% -3.43% - -33.06%
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%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 9/30/2022

  • 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
  • The inflationary environment has ushered in quantitative tightening and an increasingly hawkish Federal Reserve (the Fed), which has led to a challenging backdrop for innovation growth stocks. From a technical standpoint, most indicators continue to be weak with both market breadth and market sentiment trading at oversold levels. We continue to monitor supply and demand imbalances, inflationary pressures, and Fed policy. However, we have seen some positive signs over the last few months, such as earnings resiliency, a potential for peaking in food and commodity inflation, and technical strength in secular growth areas, such as biotechnology.
  • Accordingly, we continue to seek a reasonable balance of offensive and defensive stocks. Our offensive positioning consists largely of stocks that have sold off significantly and are now at the lower end of the market capitalization categories, while defensive positioning is mainly focused on areas that have healthy business conditions and constructive technical patterns, such as energy and pharmaceuticals.
  • Looking ahead into 2023 and beyond, our view continues to be that the powerful secular forces that kept inflation low before the pandemic - namely demographics, high debt levels, and the technology revolution - will reassert themselves at some point. Tighter monetary and fiscal policy, too, should cause inflation to decelerate from very high levels. However, until that happens, we are likely to continue to face a hostile Fed.
  • We remain bullish on the long-term outlook for equities because the technology revolution is ever more powerful with each passing year, providing a supportive backdrop for innovation in the Consumer, Communications, Healthcare, and Technology sectors in the decade ahead. The opportunity set of terrific growth companies in these sectors at more reasonable valuations continues to expand. Many of these companies have dominant market positions, are experiencing tremendous growth, are very early on in their penetration, and have years of high compounding annual growth ahead.

PORTFOLIO DETAILS as of 10/31/2022

Total Net Assets
$5.57 B
Number of Holdings
64
Weighted Average Market Cap.
578.4 B
P/B Ratio
9.9x
P/E Ratio
33.1x

Contributors & Detractors as of  09/30/2022

Contributors

Holding Contribution
Enphase Energy, Inc. 0.7%
Tesla Motors, Inc. 0.6%
Cheniere Energy Inc 0.3%
Arista Networks, Inc. 0.3%
Cytokinetics Inc 0.3%

Detractors

Holding Contribution
Microsoft Corp. -0.9%
Alphabet Inc -0.7%
Mongodb Inc -0.4%
Advanced Micro Devices, Inc. -0.3%
Snowflake Inc -0.2%

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

Dividend Payments

For
YTD Dividends Paidas of 11/30/2022
$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

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

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.

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 10/31/2022

0.64%

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
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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