LGLVX | Growth Leaders Fund Class R6 | 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 10/31/2023

Total Net Assets
$4.82 B
Inception Date
06/30/2015
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.59%
Fund Net Expense Ratio
0.59%
Number of Holdings
47
 

Fund Expense Ratio :

Gross 0.59%

Net 0.59%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 12.92% 4.95% -3.40% 10.90% 11.57% 12.41%
Lipper Category Avg. Multi-Cap Growth Funds 12.06% 8.16% -0.15% 8.61% 9.56% -
Russell 1000® Growth Index 23.20% 18.95% 8.70% 14.22% 13.82% -
w/ sales charge 12.92% 4.95% -3.40% 10.90% 11.57% 12.41%

Fund Expense Ratio :

Gross 0.59%

Net 0.59%

Fund Expense Ratio :

Gross 0.59%

Net 0.59%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 16.71% 11.21% -2.74% 8.39% 12.26% 12.80%
Lipper Category Avg. Multi-Cap Growth Funds 16.69% 18.54% 0.55% 7.20% 10.39% -
Russell 1000® Growth Index 24.98% 27.72% 7.97% 12.42% 14.48% -

Fund Expense Ratio :

Gross 0.59%

Net 0.59%

TEN LARGEST HOLDINGS as of 10/31/2023View Portfolio

Holding Assets
NVIDIA Corp 10.5%
Microsoft Corp 7.4%
Apple Inc 6.4%
Amazon.com Inc 4.8%
Alphabet Inc 4.7%
Meta Platforms Inc 3.5%
Eli Lilly & Co 3.2%
Arista Networks Inc 2.9%
Adobe Inc 2.9%
ServiceNow Inc 2.4%

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

Senior Managing Director, 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

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Performance

Performance

Fund Expense Ratio :

Gross 0.59%

Net 0.59%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 12.92% 4.95% -3.40% 10.90% 11.57% 12.41%
Lipper Category Avg. Multi-Cap Growth Funds 12.06% 8.16% -0.15% 8.61% 9.56% -
Russell 1000® Growth Index 23.20% 18.95% 8.70% 14.22% 13.82% -
w/ sales charge 12.92% 4.95% -3.40% 10.90% 11.57% 12.41%

Fund Expense Ratio :

Gross 0.59%

Net 0.59%

Fund Expense Ratio :

Gross 0.59%

Net 0.59%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 16.71% 11.21% -2.74% 8.39% 12.26% 12.80%
Lipper Category Avg. Multi-Cap Growth Funds 16.69% 18.54% 0.55% 7.20% 10.39% -
Russell 1000® Growth Index 24.98% 27.72% 7.97% 12.42% 14.48% -

Fund Expense Ratio :

Gross 0.59%

Net 0.59%

Year Fund Returns Russell 1000® Growth Index
2022 -38.67% -29.14%
2021 9.00% 27.60%
2020 77.55% 38.49%
2019 35.18% 36.39%
2018 -0.64% -1.51%
2017 31.63% 30.21%
2016 0.92% 7.08%
2015 7.05% 5.67%
2014 10.53% 13.05%
2013 47.38% 33.48%
2012 10.54% -
2011 - -
Year Q1 Q2 Q3 Q4 Yearly Returns
2023 10.03% 11.26% - - 28.86%
2022 -13.01% -23.37% -3.44% -4.71% -38.67%
2021 -3.80% 6.58% 1.56% 4.68% 9.00%
2020 -9.73% 40.26% 18.95% 17.90% 77.55%
2019 20.85% 6.39% -5.88% 11.70% 35.18%
2018 4.65% 7.01% 11.08% -20.13% -0.64%
2017 8.06% 6.21% 6.61% 7.57% 31.63%
2016 -3.87% 0.78% 6.13% -1.84% 0.92%
2015 4.79% 1.27% -6.06% 7.38% 7.05%
2014 2.18% 3.65% 0.10% 4.25% 10.53%
2013 11.55% 7.34% 13.23% 8.71% 47.38%
2012 15.59% -5.75% 3.94% -2.38% 10.54%
2011 - - -14.95% 7.96% -

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 09/30/2023

  • Our view is that the pressure on stock market valuations from the post-pandemic inflation surge and the U.S. Federal Reserve’s aggressive tightening is nearing an end, removing a major headwind for innovation stocks. While better than feared economic growth in the United States and the recent spike in oil prices has lowered the probability of Fed rate cuts, we still believe many of the drivers of falling “core” inflation remain intact.
  • Additionally, in an environment of moderate economic growth, we believe secular growth companies are positioned to outperform as their expanding markets, coupled with market-share gains, should allow continued strong compounding growth - which stands out relative to other parts of the market in a slowing economy. We saw some evidence of this beginning during the March and June earnings seasons.
  • Today, we are currently focused on several themes, including, but are not limited to, the AI revolution, the continued shift from offline consumption to online services, the proliferation of and improved use cases within medical devices, revolutionary advances in medical treatments, breakthroughs in genomics technology, the push to increase alternative energy consumption, and a sustained improvement in the structural growth rate of the industrial complex due to the impact of reshoring and post Covid supply chain strategy. 
  • We also remain focused on companies with improving operating and price momentum, with an emphasis on strong revenue and profit growth – particularly in areas such as software, semiconductors, fintech, and industrials.

Dividends & Cap Gains

Dividends & Cap Gains

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 $44.87

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 10/31/2023

Fund Gross Expense Ratio Fund Net Expense Ratio
0.59% 0.59%

Fund Documents

Fund Documents

0Documents selected
Portfolio Holdings 1Q
Publish Date:11/03/2015
Portfolio Holdings 3Q
Publish Date:11/03/2015
Summary Prospectus
Publish Date:11/03/2015
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

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