LGLAX | Growth Leaders Fund Class A | 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 03/31/2021

Total Net Assets
$8.52 B
Inception Date
06/30/2011
Dividend Frequency
Annually
Number of Holdings
68
Minimum Initial Investment
$1,500+

Expense Ratioas of 03/31/2021

Fund Expense Ratio :

0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge -3.88% 88.58% 29.49% 25.55% - 18.44%
Lipper Category Avg. Multi-Cap Growth Funds 1.45% 71.60% 21.69% 20.08% - -
Russell 1000® Growth Index 0.94% 62.74% 22.80% 21.05% - 17.00%
w/ sales charge -9.41% 77.73% 26.96% 24.07% - 17.72%

Fund Expense Ratio :

0.90%

Fund Expense Ratio :

0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge -3.88% 88.58% 29.49% 25.55% - 18.44%
Lipper Category Avg. Multi-Cap Growth Funds 1.45% 71.60% 21.69% 20.08% - -
Russell 1000® Growth Index 0.94% 62.74% 22.80% 21.05% - 17.00%
w/ sales charge -9.41% 77.73% 26.96% 24.07% - 17.72%

Fund Expense Ratio :

0.90%

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TEN LARGEST HOLDINGS as of 03/31/2021View Portfolio

Holding Assets
Alphabet Inc 8.0%
Microsoft Corp 7.7%
Apple Inc 4.6%
Amazon.com Inc 4.4%
Mastercard Inc 2.7%
Applied Materials Inc 2.4%
Align Technology Inc 2.3%
NVIDIA Corp 2.2%
Uber Technologies Inc 2.2%
Roku Inc 2.0%

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 :

0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge -3.88% 88.58% 29.49% 25.55% - 18.44%
Lipper Category Avg. Multi-Cap Growth Funds 1.45% 71.60% 21.69% 20.08% - -
Russell 1000® Growth Index 0.94% 62.74% 22.80% 21.05% - 17.00%
w/ sales charge -9.41% 77.73% 26.96% 24.07% - 17.72%

Fund Expense Ratio :

0.90%

Fund Expense Ratio :

0.90%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge -3.88% 88.58% 29.49% 25.55% - 18.44%
Lipper Category Avg. Multi-Cap Growth Funds 1.45% 71.60% 21.69% 20.08% - -
Russell 1000® Growth Index 0.94% 62.74% 22.80% 21.05% - 17.00%
w/ sales charge -9.41% 77.73% 26.96% 24.07% - 17.72%

Fund Expense Ratio :

0.90%

Year Fund Returns Russell 1000® Growth Index
2020 77.04% 38.49%
2019 34.75% 36.39%
2018 -0.95% -1.51%
2017 31.19% 30.21%
2016 0.58% 7.08%
2015 6.68% 5.67%
2014 10.12% 13.05%
2013 46.73% 33.48%
2012 9.98% 15.26%
2011 -8.33% 2.64%
Year Q1 Q2 Q3 Q4 Yearly Returns
2021 -3.88% - - - 1.18%
2020 -9.76% 40.12% 18.86% 17.81% 77.04%
2019 20.78% 6.31% -5.97% 11.60% 34.75%
2018 4.60% 6.90% 11.01% -20.20% -0.95%
2017 8.00% 6.10% 6.52% 7.48% 31.19%
2016 -3.91% 0.65% 6.02% -1.91% 0.58%
2015 4.71% 1.21% -6.15% 7.26% 6.68%
2014 2.07% 3.60% -0.02% 4.16% 10.12%
2013 11.46% 7.21% 13.12% 8.55% 46.73%
2012 15.41% -5.85% 3.79% -2.49% 9.98%
2011 - - -14.97% 7.81% -8.33%

Growth of $10,000 as of 03/31/2021

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 12/31/2020

  • Our view of the market remains positive.  While we are optimistic about equity returns in 2021, we acknowledge the likelihood of increased volatility as rising COVID cases and political uncertainty come back to the forefront.
  • Over the latter part of 2020, we adjusted the portfolio to be more balanced between secular and cyclical growth stocks, which we view as appropriate at this point in the stock market and economic recovery cycle. We also continued moving down in market capitalization to participate in what we believe is an intermediate-term bull market for small caps.
  • However, we continue to believe that industries powering the technology revolution – from the cloud to artificial intelligence to biotechnology, medical devices, and ecommerce – are best positioned to weather and benefit from the innovative environment that will likely persist for years.
  • Moreover, unlike many other areas of the economy, we believe that these targeted areas of innovation should continue to exhibit fundamental strength and have the potential for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies.

PORTFOLIO DETAILS as of 03/31/2021

Total Net Assets
$8.52 B
Number of Holdings
68
Weighted Average Market Cap.
497.0 B
P/B Ratio
12.2x
P/E Ratio
45.4x

Contributors & Detractors as of  03/31/2021

Contributors

Holding Contribution
Applied Materials Inc 0.7%
Alphabet Inc 0.6%
Generac Holdings, Inc. 0.4%
Microsoft Corp. 0.3%
Draftkings Inc 0.3%

Detractors

Holding Contribution
Apple, Inc. -0.5%
Sunrun, Inc. -0.3%
First Solar Inc -0.3%
Plug Power Inc -0.3%
Amazon.com, Inc. -0.3%

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 04/21/2021
$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 $15.16
11/19/2012 11/20/2012 11/20/2012 $0.01310 $14.96

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 $41.81

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

Sales Charge Schedule as of 04/21/2021

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $49.01
$50,000 to $99,999 4.75% 4.00% $48.49
$100,000 to $249,999 3.95% 3.25% $48.09
$250,000 to $499,999 2.75% 2.25% $47.50
$500,000 to $999,999 1.95% 1.75% $47.11
$1,000,000 to $5,000,000 0.00% 1.00% $46.19

EXPENSE RATIOas of 03/31/2021

Fund Documents

Fund Documents

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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Publish Date:11/03/2015
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Publish Date:11/03/2015
Fact Sheet
Publish Date:11/03/2015
Commentary
Publish Date:11/03/2015
Fund Story
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Publish Date:11/03/2015

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