LMGAX | Growth Opportunities Fund Class A | Lord Abbett

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Growth Opportunities Fund

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Summary

Summary

What is the Growth Opportunities Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of mid-sized U.S. companies.

Fund Basicsas of 02/29/2024

Total Net Assets
$476.51 M
Inception Date
08/01/1995
Dividend Frequency
Annually
Fund Gross Expense Ratio
1.09%
Fund Net Expense Ratio
0.96%
Number of Holdings
74
Minimum Initial Investment
$1,000+

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/01/1995
w/o sales charge 13.36% 21.57% -3.87% 7.99% 8.05% 9.61%
Lipper Category Avg. Multi-Cap Growth Funds 9.35% 35.30% 2.08% 12.68% 11.26% -
Russell Midcap® Growth Index 6.94% 25.03% 3.13% 11.59% 10.88% 9.87%
w/ sales charge 6.85% 14.60% -5.75% 6.72% 7.41% 9.38%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/01/1995
w/o sales charge 10.80% 10.80% -7.31% 8.81% 7.16% 9.18%
Lipper Category Avg. Multi-Cap Growth Funds 32.89% 32.89% -0.13% 14.01% 10.82% -
Russell Midcap® Growth Index 25.87% 25.87% 1.31% 13.81% 10.57% 9.67%
w/ sales charge 4.42% 4.42% -9.13% 7.53% 6.53% 8.95%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

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Timely perspectives and commentary on capital markets and the global economy, plus investment ideas and retirement insights, from our investment experts.

TEN LARGEST HOLDINGS as of 02/29/2024View Portfolio

Holding Assets
DoorDash Inc 3.0%
Spotify Technology SA 3.0%
DraftKings Inc 2.4%
Crowdstrike Holdings Inc 2.4%
Monolithic Power Systems Inc 2.3%
Saia Inc 2.3%
Arista Networks Inc 2.1%
Datadog Inc 2.1%
MongoDB Inc 2.0%
Vertiv Holdings Co 2.0%

INVESTMENT TEAM

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

Partner, Portfolio Manager

36 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

23 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

22 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 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/01/1995
w/o sales charge 13.36% 21.57% -3.87% 7.99% 8.05% 9.61%
Lipper Category Avg. Multi-Cap Growth Funds 9.35% 35.30% 2.08% 12.68% 11.26% -
Russell Midcap® Growth Index 6.94% 25.03% 3.13% 11.59% 10.88% 9.87%
w/ sales charge 6.85% 14.60% -5.75% 6.72% 7.41% 9.38%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

YTD 1-YR 3-YR 5-YR 10-YR Since Inception 08/01/1995
w/o sales charge 10.80% 10.80% -7.31% 8.81% 7.16% 9.18%
Lipper Category Avg. Multi-Cap Growth Funds 32.89% 32.89% -0.13% 14.01% 10.82% -
Russell Midcap® Growth Index 25.87% 25.87% 1.31% 13.81% 10.57% 9.67%
w/ sales charge 4.42% 4.42% -9.13% 7.53% 6.53% 8.95%

Fund Expense Ratio :

Gross 1.09%

Net 0.96%

Year Fund Returns Russell Midcap® Growth Index
2023 10.80% 25.87%
2022 -32.59% -26.72%
2021 6.61% 12.73%
2020 40.06% 35.59%
2019 36.75% 35.47%
2018 -3.36% -4.75%
2017 22.84% 25.27%
2016 1.04% 7.33%
2015 2.68% -0.20%
2014 6.32% 11.90%
2013 37.08% -
2012 13.81% -
2011 -10.04% -
2010 23.26% -
2009 45.37% -
2008 -38.28% -
2007 21.05% -
2006 7.28% -
2005 4.17% -
2004 11.52% -
Year Q1 Q2 Q3 Q4
2024 - - - -
2023 6.80% 4.49% -9.47% 9.67%
2022 -14.91% -18.97% -2.91% 0.69%
2021 -1.54% 7.64% 0.62% -0.02%
2020 -19.38% 31.78% 11.06% 18.70%
2019 19.84% 6.39% -1.52% 8.92%
2018 1.77% 2.46% 7.63% -13.89%
2017 6.91% 5.17% 4.23% 4.82%
2016 -2.11% 2.49% 2.59% -1.83%
2015 7.61% 0.91% -7.81% 2.58%
2014 1.21% 2.96% -2.83% 5.00%
2013 11.24% 2.68% 11.01% 8.11%
2012 16.82% -6.25% 4.16% -0.24%
2011 7.73% -0.04% -24.99% 11.36%
2010 6.64% -13.79% 15.28% 16.29%
2009 -2.38% 17.60% 17.52% 7.75%
2008 -12.72% 4.39% -12.27% -22.78%
2007 4.03% 6.75% 6.77% 2.09%
2006 8.76% -5.91% -1.43% 6.35%
2005 -2.90% 1.62% 3.59% 1.92%
2004 3.07% -0.90% -4.51% 14.34%
2003 -0.07% 16.97% 2.07% 12.18%
2002 -2.41% -11.08% -16.00% 2.56%
2001 -16.71% 14.12% -20.71% 16.05%
2000 9.42% -8.90% 1.67% -5.10%
1999 -3.83% 12.76% -0.33% 46.21%
1998 8.98% 1.09% -20.70% 29.75%
1997 0.79% 14.48% 12.78% 0.59%
1996 3.24% 2.31% 4.24% 12.30%

Growth of $10,000 as of 02/29/2024

NAV HISTORICAL PRICES

Date Net Asset Value

Portfolio

Portfolio

Portfolio Positioning as of 12/31/2023

  • 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 has lowered the probability of Fed rate cuts in the near term, 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 remain focused on companies with improving operating and price momentum, with an emphasis on accelerating 2024 revenue and earnings growth. We are finding ample opportunities within emerging, as well as established, secular growth trends. These include, but are not limited to, the Artificial Intelligence revolution, groundbreaking advances in medical treatments (i.e., GLP-1), 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. As always, there are macro risks to consider. But with sub-4% unemployment, improving wages, strong fiscal spending, we believe the prospects of a ‘hard landing’ continue to fade.

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

For
YTD Dividends Paidas of 03/18/2024
$0
Dividend Frequency
Annually
Record Date Ex-Dividend Date Reinvest & Payable Date Dividend Reinvest Price
12/09/1999 12/10/1999 12/17/1999 $0.01270 $19.69

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
12/16/2024 12/17/2024 12/17/2024

Capital Gains Distributions

For
Record Date Reinvest & Payable Date Long-term Short-term * Total Reinvest Price
12/16/2021 12/17/2021 $4.4608 $0.4569 $4.9177 $25.06

Fees & Expenses

Fees & Expenses

Sales Charge Schedule as of 03/18/2024

  Sales Charge Dealer's Concession Prices at Breakpoint
Less than $50,000 5.75% 5.00% $23.06
$50,000 to $99,999 4.75% 4.00% $22.81
$100,000 to $249,999 3.95% 3.25% $22.62
$250,000 to $499,999 2.75% 2.25% $22.34
$500,000 to $999,999 1.95% 1.75% $22.16
$1,000,000 to $5,000,000 0.00% 1.00% $21.73

EXPENSE RATIOas of 02/29/2024

Fund Gross Expense Ratio Fund Net Expense Ratio
1.09% 0.96%

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
Fund Story
Publish Date:11/03/2015

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The Russell Midcap® Growth Index measures the performance of those Russell Midcap companies with higher price-to-book ratios and higher forecasted growth values. The stocks are also members of the Russell 1000 Growth index.

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