Growth Leaders Fund
Daily price w/o sales charge as of 11/15/2019
$30.33
$0.33
YTD Returns w/o sales charge as of 11/15/2019
29.17%
Summary
Summary
The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.
Fund Basicsas of 10/31/2019
- Total Net Assets
- $3.74 B
- Inception Date
- 06/30/2015
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 0.66%
- Number of Holdings
- 75
Fund Expense Ratio :
0.66%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
|---|
| w/o sales charge | 24.91% | 15.61% | 18.10% | 12.28% | - | 13.62% |
| Lipper Category Avg. Multi-Cap Growth Funds | 23.08% | 14.21% | 16.13% | 10.33% | - | - |
| Russell 1000® Growth Index | 26.77% | 17.10% | 18.92% | 13.43% | - | - |
Fund Expense Ratio :
0.66%
Fund Expense Ratio :
0.66%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
|---|
| w/o sales charge | 20.95% | -3.41% | 15.74% | 12.18% | - | 13.32% |
| Lipper Category Avg. Multi-Cap Growth Funds | 20.65% | 1.09% | 14.18% | 10.43% | - | - |
| Russell 1000® Growth Index | 23.30% | 3.71% | 16.89% | 13.39% | - | - |
Fund Expense Ratio :
0.66%
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 for future results.
TEN LARGEST HOLDINGS as of 10/31/2019View Portfolio
| Holding | Assets |
|---|---|
| Apple, Inc. | 5.6% |
| Microsoft Corp. | 5.4% |
| Mastercard, Inc. | 3.1% |
| Amazon.com, Inc. | 3.0% |
| Alphabet, Inc. | 2.6% |
| Visa, Inc. | 2.2% |
| Match Group, Inc. | 2.1% |
| NVIDIA Corp. | 2.1% |
| NIKE, Inc. | 1.9% |
| Generac Holdings, Inc. | 1.8% |
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 10/31/2019View 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 :
0.66%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
|---|
| w/o sales charge | 24.91% | 15.61% | 18.10% | 12.28% | - | 13.62% |
| Lipper Category Avg. Multi-Cap Growth Funds | 23.08% | 14.21% | 16.13% | 10.33% | - | - |
| Russell 1000® Growth Index | 26.77% | 17.10% | 18.92% | 13.43% | - | - |
Fund Expense Ratio :
0.66%
Fund Expense Ratio :
0.66%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 06/30/2011 |
|---|
| w/o sales charge | 20.95% | -3.41% | 15.74% | 12.18% | - | 13.32% |
| Lipper Category Avg. Multi-Cap Growth Funds | 20.65% | 1.09% | 14.18% | 10.43% | - | - |
| Russell 1000® Growth Index | 23.30% | 3.71% | 16.89% | 13.39% | - | - |
Fund Expense Ratio :
0.66%
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 for future results.
| Year | Fund Returns | Russell 1000® Growth Index |
|---|
| 2018 | -0.72% | -1.51% |
| 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 |
|---|
| 2019 | 20.83% | 6.38% | -5.90% | - | 29.17% |
| 2018 | 4.63% | 6.99% | 11.07% | -20.14% | -0.72% |
| 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 | 5.6% |
| Microsoft Corp. | Information Technology | 5.4% |
| Mastercard, Inc. | Information Technology | 3.1% |
| Amazon.com, Inc. | Consumer Discretionary | 3.0% |
| Alphabet, Inc. | Communication Services | 2.6% |
| Visa, Inc. | Information Technology | 2.2% |
| Match Group, Inc. | Communication Services | 2.1% |
| NVIDIA Corp. | Information Technology | 2.1% |
| NIKE, Inc. | Consumer Discretionary | 1.9% |
| Generac Holdings, Inc. | Industrials | 1.8% |
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 | 5.4% |
| Apple, Inc. | Information Technology | 5.2% |
| Microsoft Corp. | Information Technology | 5.1% |
| Mastercard, Inc. | Information Technology | 3.1% |
| Match Group, Inc. | Communication Services | 2.6% |
| Alphabet, Inc. | Communication Services | 2.6% |
| Visa, Inc. | Information Technology | 2.2% |
| Chipotle Mexican Grill, Inc. | Consumer Discretionary | 2.1% |
| Zoetis, Inc. | Health Care | 1.8% |
| NIKE, Inc. | Consumer Discretionary | 1.8% |
| Harris Corp. | Industrials | 1.8% |
| Facebook, Inc. | Communication Services | 1.7% |
| Keysight Technologies, Inc. | Information Technology | 1.7% |
| Live Nation Entertainment, Inc. | Communication Services | 1.6% |
| American Tower Corp. | Real Estate | 1.6% |
| Teledyne Technologies, Inc. | Industrials | 1.6% |
| AMETEK, Inc. | Industrials | 1.6% |
| Lululemon Athletica, Inc. | Consumer Discretionary | 1.6% |
| Starbucks Corp. | Consumer Discretionary | 1.5% |
| NVIDIA Corp. | Information Technology | 1.5% |
| Twitter, Inc. | Communication Services | 1.4% |
| Snap Inc | Communication Services | 1.3% |
| Intuit, Inc. | Information Technology | 1.3% |
| Alibaba Group Holding Ltd. | Consumer Discretionary | 1.3% |
| PayPal Holdings, Inc. | Information Technology | 1.3% |
| MarketAxess Holdings, Inc. | Financials | 1.3% |
| Generac Holdings, Inc. | Industrials | 1.2% |
| Thermo Fisher Scientific, Inc. | Health Care | 1.2% |
| Insulet Corp. | Health Care | 1.2% |
| Shopify, Inc. | Information Technology | 1.2% |
| YETI Holdings Inc | Consumer Discretionary | 1.2% |
| MSCI, Inc. | Financials | 1.1% |
| New Oriental Education & Technology Group, Inc. | Consumer Discretionary | 1.1% |
| Advanced Micro Devices, Inc. | Information Technology | 1.1% |
| EPAM Systems, Inc. | Information Technology | 1.1% |
| TransUnion | Industrials | 1.1% |
| Roku Inc | Consumer Discretionary | 1.1% |
| Danaher Corp. | Health Care | 1.1% |
| Roper Industries, Inc. | Industrials | 1.1% |
| DocuSign Inc | Information Technology | 1.1% |
| Mercadolibre, Inc. | Consumer Discretionary | 1.0% |
| RingCentral, Inc. | Information Technology | 1.0% |
| Boeing Co. | Industrials | 1.0% |
| Applied Materials, Inc. | Information Technology | 1.0% |
| Dollar General Corp. | Consumer Discretionary | 1.0% |
| Intuitive Surgical, Inc. | Health Care | 1.0% |
| Target Corp. | Consumer Discretionary | 1.0% |
| Comcast Corp. | Communication Services | 1.0% |
| Vertex Pharmaceuticals, Inc. | Health Care | 1.0% |
| Five9, Inc. | Information Technology | 1.0% |
| Activision Blizzard, Inc. | Communication Services | 1.0% |
| Elastic NV | Information Technology | 1.0% |
| DexCom, Inc. | Health Care | 1.0% |
| Walt Disney Co/The | Communication Services | 1.0% |
| Atlassian Corp. plc | Information Technology | 0.9% |
| Blueprint Medicines Corp. | Health Care | 0.9% |
| Paycom Software, Inc. | Information Technology | 0.9% |
| QUALCOMM, Inc. | Information Technology | 0.8% |
| TransDigm Group, Inc. | Industrials | 0.8% |
| Bright Horizons Family Solutions, Inc. | Consumer Discretionary | 0.8% |
| Carvana Co | Consumer Discretionary | 0.8% |
| Fiserv, Inc. | Information Technology | 0.8% |
| HEICO Corp. | Industrials | 0.8% |
| Alteryx Inc | Information Technology | 0.7% |
| Universal Display Corp. | Information Technology | 0.7% |
| GW Pharmaceuticals plc | Health Care | 0.7% |
| HubSpot, Inc. | Information Technology | 0.6% |
| Crowdstrike Holdings Inc | Information Technology | 0.6% |
| Sage Therapeutics, Inc. | Health Care | 0.5% |
| 10X Genomics Inc | Health Care | 0.5% |
| Amarin Corp. plc | Health Care | 0.5% |
| Penumbra, Inc. | Health Care | 0.5% |
| Chewy Inc | Consumer Discretionary | 0.3% |
| RealReal Inc/The | Consumer Discretionary | 0.2% |
| Argenx SE | Health Care | 0.2% |
Sector Allocationas of 10/31/2019
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 0.2%
|
|
| Real Estate |
0.5%
|
|
| Consumer Discretionary |
2.0%
|
|
| Consumer Staples | 0.0% | |
| Energy | 0.0% | |
| Financials |
1.2%
|
|
| Health Care |
0.9%
|
|
| Industrials |
0.7%
|
|
| Information Technology |
1.5%
|
|
| Materials | 0.0% |
PORTFOLIO DETAILS as of 10/31/2019
- Total Net Assets
- $3.74 B
- Number of Holdings
- 75
- Weighted Average Market Cap.
- 239.4 B
- P/B Ratio
- 8.6x
- 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 09/30/2019
Contributors
| Holding | Contribution |
|---|---|
| Teledyne Technologies, Inc. | 0.2% |
| Chipotle Mexican Grill, Inc. | 0.2% |
| Alphabet, Inc. | 0.2% |
| Apple, Inc. | 0.2% |
| Twitter, Inc. | 0.2% |
Detractors
| Holding | Contribution |
|---|---|
| Amazon.com, Inc. | -0.5% |
| Zscaler Inc | -0.4% |
| GW Pharmaceuticals plc | -0.4% |
| Everbridge, Inc. | -0.3% |
| Facebook, Inc. | -0.3% |
% 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 |
|---|---|---|
| 11/20/2019 | 11/21/2019 | 11/21/2019 |
Capital Gains Distributions
Click Here To View Estimated Capital Gain Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/19/2018 | 11/20/2018 | $2.8843 | $1.7670 | $4.6513 | $23.55 |
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.
| Record Date | Ex-Dividend Date |
|---|---|
| 11/20/2019 | 11/21/2019 |
Fees & Expenses
Fees & Expenses
EXPENSE RATIOas of 10/31/2019
| 0.66% |
Fund Documents
Fund Documents
Download fund documents & literature, create email subscriptions, and place direct mail order
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Summary Prospectus
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
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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
Publish Date:11/03/2015
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Flyer
Publish Date:11/03/2015
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Capital Markets Presentation
Publish Date:11/03/2015
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