LGLQX | Growth Leaders Fund Class R2 | 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 09/30/2021

Total Net Assets
$9.46 B
Inception Date
06/30/2011
Dividend Frequency
Annually
Fund Expense Ratio
1.25%
Number of Holdings
67

Fund Expense Ratio :

1.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 3.61% 21.95% 25.09% 25.43% 20.55% 18.11%
Lipper Category Avg. Multi-Cap Growth Funds 10.44% 27.37% 20.54% 20.97% 17.74% -
Russell 1000® Growth Index 14.30% 27.32% 22.00% 22.84% 19.68% 17.52%

Fund Expense Ratio :

1.25%

Fund Expense Ratio :

1.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 3.61% 21.95% 25.09% 25.43% 20.55% 18.11%
Lipper Category Avg. Multi-Cap Growth Funds 10.44% 27.37% 20.54% 20.97% 17.74% -
Russell 1000® Growth Index 14.30% 27.32% 22.00% 22.84% 19.68% 17.52%

Fund Expense Ratio :

1.25%

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TEN LARGEST HOLDINGS as of 09/30/2021View Portfolio

Holding Assets
Microsoft Corp 7.6%
Alphabet Inc 7.5%
Apple Inc 5.8%
NVIDIA Corp 3.8%
Facebook Inc 3.0%
Snap Inc 2.4%
Tesla Inc 2.3%
Amazon.com Inc 1.9%
Advanced Micro Devices Inc 1.8%
Dexcom Inc 1.8%

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 36 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 :

1.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 3.61% 21.95% 25.09% 25.43% 20.55% 18.11%
Lipper Category Avg. Multi-Cap Growth Funds 10.44% 27.37% 20.54% 20.97% 17.74% -
Russell 1000® Growth Index 14.30% 27.32% 22.00% 22.84% 19.68% 17.52%

Fund Expense Ratio :

1.25%

Fund Expense Ratio :

1.25%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 3.61% 21.95% 25.09% 25.43% 20.55% 18.11%
Lipper Category Avg. Multi-Cap Growth Funds 10.44% 27.37% 20.54% 20.97% 17.74% -
Russell 1000® Growth Index 14.30% 27.32% 22.00% 22.84% 19.68% 17.52%

Fund Expense Ratio :

1.25%

Year Fund Returns Russell 1000® Growth Index
2020 76.44% 38.49%
2019 34.28% 36.39%
2018 -1.33% -1.51%
2017 30.77% 30.21%
2016 0.22% 7.08%
2015 6.30% 5.67%
2014 9.78% 13.05%
2013 46.97% 33.48%
2012 10.46% 15.26%
2011 -8.40% 2.64%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -3.95% 6.40% 1.38% - 11.60%
2020 -9.83% 39.97% 18.78% 17.70% 76.44%
2019 20.66% 6.22% -6.03% 11.49% 34.28%
2018 4.48% 6.82% 10.89% -20.27% -1.33%
2017 7.90% 6.04% 6.40% 7.42% 30.77%
2016 -4.00% 0.56% 5.94% -2.00% 0.22%
2015 4.60% 1.12% -6.27% 7.21% 6.30%
2014 2.01% 3.48% -0.10% 4.10% 9.78%
2013 11.48% 7.35% 13.20% 8.50% 46.97%
2012 15.57% -5.78% 3.92% -2.38% 10.46%
2011 - - -15.04% 7.82% -8.40%

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 9/30/2021

  • Unlike 2020, this year continues to be a challenging environment to identify market leadership, as the Delta variant of Covid-19 has somewhat slowed what was a vibrant economic re-opening and shifted leadership back towards some secular growth stocks; however, these shifts have been uneven, as earnings results have also been highly consequential.  Companies beating expectations by a substantial amount have fared well, while those that have missed on key metrics have been punished harshly, and we anticipate markets will see continued volatility as uncertainty about economic activity and inflation persists. In months where earnings data is light, short-term macro data and central bank comments are causing big reactions in the market, both positive and negative, as speculation mounts over the pace and timing of asset purchase tapering by the U.S. Federal Reserve (Fed).
  • In addition, we believe the market is starting to look through the current strength of cyclicals towards the likely leadership in 2022, namely innovation stocks with sustained, secular growth. We would expect leadership to start to come from outside mega cap stocks, which have dominated even as some growth is slowing. As a result, we have moved more underweight mega cap stocks. We have also unwound a good amount of the Fund’s tactical positioning in more economically sensitive names in favor of areas of secular growth, such as streaming, online dating, digital media, ecommerce, medical devices, semi-conductors, and artificial intelligence technologies.
  • Our active approach focuses on identifying high innovation companies with both operating momentum and price momentum. It is through this lens that we continuously assess our portfolio and developments in the broader economy.

PORTFOLIO DETAILS as of 09/30/2021

Total Net Assets
$9.46 B
Number of Holdings
67
Weighted Average Market Cap.
600.1 B
P/B Ratio
15.4x
Portfolio Turnover Ratio as of 10/30/2020
90.9%
P/E Ratio
45.1x

Contributors & Detractors as of  09/30/2021

Contributors

Holding Contribution
Alphabet Inc 0.8%
Atlassian Corp. plc 0.5%
Monolithic Power Systems Inc 0.4%
Microsoft Corp. 0.4%
Affirm Holdings Inc 0.3%

Detractors

Holding Contribution
Roku Inc -0.4%
Applied Materials Inc -0.2%
Square, Inc. -0.2%
PayPal Holdings, Inc. -0.2%
Lam Research Corp. -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 10/27/2021
$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 $15.23
11/19/2012 11/20/2012 11/20/2012 $0.00000 $15.02

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
11/22/2021 11/23/2021 11/23/2021

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
11/23/2020 11/24/2020 $1.9880 $2.3819 $4.3699 $40.84

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
11/22/2021 11/23/2021

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 09/30/2021

1.25%

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Statutory Prospectus
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Prospectus (XBRL)
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SAI
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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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