LGLAX | Growth Leaders Fund Class A | 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 11/29/2024

Total Net Assets
$7.24 B
Inception Date
06/30/2011
Dividend Frequency
Annually
Fund Gross Expense Ratio
0.91%
Fund Net Expense Ratio
0.91%
Number of Holdings
50
Minimum Initial Investment
$1,500+
 

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 46.50% 52.13% 4.16% 18.52% 15.55% 15.62%
Lipper Category Avg. Multi-Cap Growth Funds 31.42% 39.93% 4.33% 14.44% 12.74% -
Russell 1000® Growth Index 32.19% 38.04% 10.92% 19.46% 16.55% 16.55%
w/ sales charge 38.08% 43.38% 2.13% 17.13% 14.87% 15.11%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 27.55% 45.65% 2.74% 17.36% 14.59% 14.63%
Lipper Category Avg. Multi-Cap Growth Funds 19.34% 36.31% 2.49% 14.00% 12.32% -
Russell 1000® Growth Index 24.55% 42.19% 12.02% 19.74% 16.52% 16.25%
w/ sales charge 20.23% 37.25% 0.73% 15.98% 13.91% 14.11%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

TEN LARGEST HOLDINGS as of 10/31/2024View Portfolio

Holding Assets
NVIDIA Corp 13.1%
Microsoft Corp 5.7%
Alphabet Inc 3.9%
Amazon.com Inc 3.9%
Meta Platforms Inc 3.6%
Spotify Technology SA 3.1%
Apple Inc 3.1%
Netflix Inc 2.8%
MercadoLibre Inc 2.6%
AppLovin Corp 2.6%

INVESTMENT TEAM

F. Thomas O'Halloran
F. Thomas O'Halloran, CFA, J.D.

Partner, Portfolio Manager

37 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

23 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

32 Years of Industry Experience

Steven H. Wortman
Steven H. Wortman

Portfolio Manager

26 Years of Industry Experience

Supported By 41 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Performance

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 46.50% 52.13% 4.16% 18.52% 15.55% 15.62%
Lipper Category Avg. Multi-Cap Growth Funds 31.42% 39.93% 4.33% 14.44% 12.74% -
Russell 1000® Growth Index 32.19% 38.04% 10.92% 19.46% 16.55% 16.55%
w/ sales charge 38.08% 43.38% 2.13% 17.13% 14.87% 15.11%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 06/30/2011
w/o sales charge 27.55% 45.65% 2.74% 17.36% 14.59% 14.63%
Lipper Category Avg. Multi-Cap Growth Funds 19.34% 36.31% 2.49% 14.00% 12.32% -
Russell 1000® Growth Index 24.55% 42.19% 12.02% 19.74% 16.52% 16.25%
w/ sales charge 20.23% 37.25% 0.73% 15.98% 13.91% 14.11%

Fund Expense Ratio :

Gross 0.91%

Net 0.91%

Year Fund Returns Russell 1000® Growth Index
2023 32.97% 42.68%
2022 -38.87% -29.14%
2021 8.66% 27.60%
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% -
2012 9.98% -
Year Q1 Q2 Q3 Q4
2024 17.69% 5.57% 2.66% -
2023 9.93% 11.18% -4.73% 14.19%
2022 -13.09% -23.45% -3.48% -4.80%
2021 -3.88% 6.52% 1.48% 4.59%
2020 -9.76% 40.12% 18.86% 17.81%
2019 20.78% 6.31% -5.97% 11.60%
2018 4.60% 6.90% 11.01% -20.20%
2017 8.00% 6.10% 6.52% 7.48%
2016 -3.91% 0.65% 6.02% -1.91%
2015 4.71% 1.21% -6.15% 7.26%
2014 2.07% 3.60% -0.02% 4.16%
2013 11.46% 7.21% 13.12% 8.55%
2012 15.41% -5.85% 3.79% -2.49%

Growth of $10,000 as of 11/30/2024

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 09/30/2024

  • Our view is that the pressure on stock market valuations from the post-pandemic inflation surge is receding, which is allowing the Fed to begin cutting rates, while economic growth continues to meander ahead. Although economic growth and inflation are decelerating, we believe that a backdrop of strong employment, higher real wages, and continued fiscal spending will allow for a stable economy and a low probability of a severe recession.
  • Thus far in 2024, many areas of the U.S. economy are seeing differentiated growth and operating momentum relative to the broader market, creating a large dispersion in stock performance. The “Magnificent 7” from 2023 has given way to a broader set of secular winners across and within industries. We continue to focus on these companies, as we believe their expanding markets, combined with market-share gains, pricing power, and efficiency-driven margin expansion, support above average revenue and earnings growth relative to peers and the broader market. We are also optimistic that smaller capitalized stocks can begin to outperform at some point soon after a long period of underperformance.
  • We are currently finding ample opportunities across the market cap spectrum in many of our favorite areas as they appear ready to re-accelerate their growth in 2024 and beyond. These include, but are not limited to, cloud computing, the emergence of generative artificial intelligence, revolutionary advances in medical treatments, an industrial infrastructure reinvestment cycle driven by datacenter, electric grid, and supply chain reshoring, and a continuation of innovation in our consumer society.

PORTFOLIO DETAILS as of 11/29/2024

Total Net Assets
$7.24 B
Number of Holdings
50
Weighted Average Market Cap.
1034.1 B
P/B Ratio
15.7x
P/E Ratio
52.2x

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 12/10/2024
$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

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 $42.69

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 12/10/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $50.90
$50,000 to $99,999 4.75% 4.00% $50.36
$100,000 to $249,999 3.95% 3.25% $49.94
$250,000 to $499,999 2.75% 2.25% $49.33
$500,000 to $999,999 1.95% 1.75% $48.92
$1,000,000 to $5,000,000 0.00% 1.00% $47.97

EXPENSE RATIOas of 11/30/2024

Fund Gross Expense Ratio 0.91%
Fund Net Expense Ratio 0.91%

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
Fact Sheet
Publish Date:11/03/2015
Fund Story
Publish Date:11/03/2015
* includes items 7-11 of form N-CSR as required, if any.

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