Growth Leaders Fund
Daily price w/o sales charge as of 11/16/2018
$30.09
$0.02
YTD Returns w/o sales charge as of 11/16/2018
6.25%
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.
Fund Basicsas of 10/31/2018
- Total Net Assets
- $3.61 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.70%
- Number of Holdings
- 73
- CUSIP
- 54400A811
Fund Expense Ratio :
0.70%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
|---|
| w/o sales charge | 7.27% | 9.96% | 12.26% | 12.15% | - | 13.35% |
| Lipper Category Avg. Multi-Cap Growth Funds | 4.62% | 7.71% | 10.73% | 10.11% | - | - |
| Russell 1000® Growth Index | 6.62% | 10.71% | 13.67% | 13.43% | - | - |
Fund Expense Ratio :
0.70%
Fund Expense Ratio :
0.70%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
|---|
| w/o sales charge | 24.33% | 33.72% | 21.00% | 16.18% | - | 15.85% |
| Lipper Category Avg. Multi-Cap Growth Funds | 15.87% | 22.92% | 17.11% | 13.17% | - | - |
| Russell 1000® Growth Index | 17.09% | 26.30% | 20.55% | 16.58% | - | - |
Fund Expense Ratio :
0.70%
Returns with sales charges reflect a maximum sales charge of 5.75%.
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 of future results.
TEN LARGEST HOLDINGS as of 10/31/2018View Portfolio
| Holding | Assets |
|---|---|
| Apple, Inc. | 7.7% |
| Microsoft Corp. | 7.2% |
| Alphabet, Inc. | 4.7% |
| Amazon.com, Inc. | 4.4% |
| UnitedHealth Group, Inc. | 2.8% |
| Boeing Co. | 2.6% |
| Visa, Inc. | 2.4% |
| Mastercard, Inc. | 2.4% |
| Vertex Pharmaceuticals, Inc. | 2.3% |
| Salesforce.com, Inc. | 2.3% |
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 10/31/2018View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
INVESTMENT TEAM
Your Representative
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Performance
Performance
Fund Expense Ratio :
0.70%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
|---|
| w/o sales charge | 7.27% | 9.96% | 12.26% | 12.15% | - | 13.35% |
| Lipper Category Avg. Multi-Cap Growth Funds | 4.62% | 7.71% | 10.73% | 10.11% | - | - |
| Russell 1000® Growth Index | 6.62% | 10.71% | 13.67% | 13.43% | - | - |
Fund Expense Ratio :
0.70%
Fund Expense Ratio :
0.70%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
|---|
| w/o sales charge | 24.33% | 33.72% | 21.00% | 16.18% | - | 15.85% |
| Lipper Category Avg. Multi-Cap Growth Funds | 15.87% | 22.92% | 17.11% | 13.17% | - | - |
| Russell 1000® Growth Index | 17.09% | 26.30% | 20.55% | 16.58% | - | - |
Fund Expense Ratio :
0.70%
Returns with sales charges reflect a maximum sales charge of 5.75%.
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 of future results.
| Year | Fund Returns | Russell 1000® Growth Index |
|---|
| 2017 | 31.59% | 30.21% |
| 2016 | 0.88% | 7.08% |
| 2015 | 6.90% | 5.67% |
| 2014 | 10.41% | 13.05% |
| 2013 | 47.22% | 33.48% |
| 2012 | 10.42% | 15.26% |
| 2011 | - | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2018 | 4.63% | 6.99% | 11.07% | - | 6.25% |
| 2017 | 8.08% | 6.22% | 6.58% | 7.55% | 31.59% |
| 2016 | -3.83% | 0.73% | 6.14% | -1.88% | 0.88% |
| 2015 | 4.76% | 1.24% | -6.10% | 7.34% | 6.90% |
| 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% | - |
NAV HISTORICAL PRICES
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Apple, Inc. | Information Technology | 7.7% |
| Microsoft Corp. | Information Technology | 7.2% |
| Alphabet, Inc. | Communication Services | 4.7% |
| Amazon.com, Inc. | Consumer Discretionary | 4.4% |
| UnitedHealth Group, Inc. | Health Care | 2.8% |
| Boeing Co. | Industrials | 2.6% |
| Visa, Inc. | Information Technology | 2.4% |
| Mastercard, Inc. | Information Technology | 2.4% |
| Vertex Pharmaceuticals, Inc. | Health Care | 2.3% |
| Salesforce.com, Inc. | Information Technology | 2.3% |
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 |
|---|
| Amazon.com, Inc. | Consumer Discretionary | 7.3% |
| Apple, Inc. | Information Technology | 5.4% |
| Microsoft Corp. | Information Technology | 5.1% |
| Alphabet, Inc. | Communication Services | 4.5% |
| NVIDIA Corp. | Information Technology | 2.5% |
| Illumina, Inc. | Health Care | 2.3% |
| Visa, Inc. | Information Technology | 2.1% |
| Mastercard, Inc. | Information Technology | 1.9% |
| Vertex Pharmaceuticals, Inc. | Health Care | 1.8% |
| Boeing Co. | Industrials | 1.8% |
| Roku Inc | Consumer Discretionary | 1.8% |
| NIKE, Inc. | Consumer Discretionary | 1.7% |
| Square, Inc. | Information Technology | 1.6% |
| Salesforce.com, Inc. | Information Technology | 1.6% |
| Twilio, Inc. | Information Technology | 1.6% |
| Trade Desk, Inc./The | Information Technology | 1.5% |
| Netflix, Inc. | Communication Services | 1.5% |
| Intuitive Surgical, Inc. | Health Care | 1.5% |
| UnitedHealth Group, Inc. | Health Care | 1.4% |
| SVB Financial Group | Financials | 1.4% |
| Atlassian Corp. plc | Information Technology | 1.3% |
| World Wrestling Entertainment Inc | Communication Services | 1.3% |
| GrubHub, Inc. | Consumer Discretionary | 1.3% |
| GW Pharmaceuticals plc | Health Care | 1.3% |
| Match Group, Inc. | Communication Services | 1.3% |
| DexCom, Inc. | Health Care | 1.2% |
| MSCI, Inc. | Financials | 1.2% |
| AMETEK, Inc. | Industrials | 1.2% |
| Palo Alto Networks, Inc. | Information Technology | 1.2% |
| XPO Logistics, Inc. | Industrials | 1.2% |
| Veeva Systems, Inc. | Health Care | 1.2% |
| Planet Fitness, Inc. | Consumer Discretionary | 1.2% |
| Live Nation Entertainment, Inc. | Communication Services | 1.2% |
| GoDaddy, Inc. | Information Technology | 1.2% |
| Lululemon Athletica, Inc. | Consumer Discretionary | 1.1% |
| Okta Inc | Information Technology | 1.1% |
| Roper Industries, Inc. | Industrials | 1.1% |
| Aerovironment, Inc. | Industrials | 1.1% |
| Home Depot USA, Inc. | Consumer Discretionary | 1.1% |
| Ultimate Software Group, Inc. | Information Technology | 1.0% |
| Activision Blizzard, Inc. | Communication Services | 1.0% |
| Glaukos Corp. | Health Care | 1.0% |
| Teledyne Technologies, Inc. | Industrials | 1.0% |
| Jacobs Engineering Group, Inc. | Industrials | 1.0% |
| Align Technology, Inc. | Health Care | 1.0% |
| PayPal Holdings, Inc. | Information Technology | 0.9% |
| Splunk, Inc. | Information Technology | 0.9% |
| Spotify Technology SA | Communication Services | 0.9% |
| Old Dominion Freight Line, Inc. | Industrials | 0.8% |
| Paycom Software, Inc. | Information Technology | 0.8% |
| Raytheon Co. | Industrials | 0.8% |
| Sarepta Therapeutics, Inc. | Health Care | 0.8% |
| Zoetis, Inc. | Health Care | 0.7% |
| New Relic, Inc. | Information Technology | 0.7% |
| IDEXX Laboratories, Inc. | Health Care | 0.7% |
| Costco Wholesale Corp. | Consumer Staples | 0.7% |
| Intuit, Inc. | Information Technology | 0.7% |
| ServiceNow, Inc. | Information Technology | 0.7% |
| Insulet Corp. | Health Care | 0.7% |
| CoStar Group, Inc. | Industrials | 0.7% |
| Everbridge, Inc. | Information Technology | 0.7% |
| Pure Storage, Inc. | Information Technology | 0.7% |
| Mimecast Ltd. | Information Technology | 0.7% |
| Five9, Inc. | Information Technology | 0.7% |
| Grand Canyon Education, Inc. | Consumer Discretionary | 0.6% |
| Arista Networks, Inc. | Information Technology | 0.6% |
| Penumbra, Inc. | Health Care | 0.6% |
| HubSpot, Inc. | Information Technology | 0.6% |
| Canada Goose Holdings Inc | Consumer Discretionary | 0.5% |
| Zscaler Inc | Information Technology | 0.5% |
| Adobe Systems, Inc. | Information Technology | 0.5% |
| Stamps.com, Inc. | Consumer Discretionary | 0.5% |
| Agios Pharmaceuticals, Inc. | Health Care | 0.4% |
| Sage Therapeutics, Inc. | Health Care | 0.4% |
| Blueprint Medicines Corp. | Health Care | 0.2% |
| Elanco Animal Health Inc | Health Care | 0.0% |
Sector Allocationas of 10/31/2018
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
0.5%
|
|
| Real Estate | 0.0% | |
| Consumer Discretionary |
 1.1%
|
|
| Consumer Staples |
2.5%
|
|
| Energy | 0.0% | |
| Financials |
1.7%
|
|
| Health Care |
0.6%
|
|
| Industrials |
1.6%
|
|
| Information Technology |
1.0%
|
|
| Materials | 0.0% |
PORTFOLIO DETAILS as of 10/31/2018
- Total Net Assets
- $3.61 B
- Number of Holdings
- 73
- Weighted Average Market Cap.
- 279.0 B
- P/B Ratio
- 9.2x
- Portfolio Turnover Ratio as of 10/31/2017
- 190.9%
- P/E Ratio
- 33.1x
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.
Contributors & Detractors as of 09/28/2018
Contributors
| Holding | Contribution |
|---|---|
| Amazon.com, Inc. | 1.2% |
| Apple, Inc. | 0.9% |
| Square, Inc. | 0.8% |
| Microsoft Corp. | 0.7% |
| Roku Inc | 0.7% |
Detractors
| Holding | Contribution |
|---|---|
| Facebook, Inc. | -0.6% |
| Scientific Games Corp. | -0.2% |
| Twitter, Inc. | -0.2% |
| Spark Therapeutics, Inc. | -0.2% |
| Netflix, Inc. | -0.2% |
% Contribution reflects the effect of the individual stock's performance on the Fund's overall performance for the period. Individual holdings and their effect on Fund performance may change significantly over time. Investors should consider the overall performance of the Fund before making a decision on whether or not to invest in the Fund.
Attribution Analysis
| Growth Leaders Fund | Benchmark | Variance | |||||
|---|---|---|---|---|---|---|---|
| Sector | Avg. Weight | Base Return | Avg. Weight | Base Return | Stock Selection | Group Weight | Total |
The total base return displayed for the Fund does not capture daily cash flow and trading activity and therefore is subject to reasonable variance from the Fund's actual return. Please refer to the Fund's performance results for longer-term returns. The Fund is actively managed and portfolio characteristics, such as individual holdings and sector weightings, may change significantly over time.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
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 |
|---|---|---|
| 11/19/2018 | 11/20/2018 | 11/20/2018 |
Capital Gains Distributions
Click Here To View Estimated Capital Gain Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/20/2017 | 11/21/2017 | $0.6244 | $1.2037 | $1.8281 | $28.35 |
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 |
|---|---|
| 11/19/2018 | 11/20/2018 |
Fees & Expenses
Fees & Expenses
EXPENSE RATIOas of 10/31/2018
| 0.70% |
Fund Documents
Fund Documents
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Summary Prospectus
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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
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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Commentary
Publish Date:11/03/2015
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Flyer
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Capital Markets Presentation
Publish Date:11/03/2015
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