LAMGX | Micro Cap Growth Fund Class A | Lord Abbett
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Micro Cap Growth Fund

Summary

Summary

What is the Micro Cap Growth Fund?

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

Fund Basicsas of 09/30/2020

Total Net Assets
$108.15 M
Inception Date
Dividend Frequency
-
Number of Holdings
92

TEN LARGEST HOLDINGS as of 09/30/2020View Portfolio

Holding Assets
Silk Road Medical Inc 2.8%
Fiverr International Ltd 2.5%
Vivint Solar, Inc. 2.4%
Axonics Modulation Technologies Inc 2.2%
Cerence Inc 2.2%
LGI Homes, Inc. 2.1%
Twist Bioscience Corp 2.1%
Digital Turbine Inc 2.0%
Inspire Medical Systems Inc 2.0%
TG Therapeutics, Inc. 2.0%

INVESTMENT TEAM

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

Partner & Portfolio Manager

33 Years of Industry Experience

Matthew R. DeCicco
Matthew R. DeCicco, CFA

Partner & Director of Equities

21 Years of Industry Experience

Vernon Bice
Vernon Bice, CMT

Portfolio Manager

19 Years of Industry Experience

Steven H. Wortman
Steven H. Wortman

Portfolio Manager

24 Years of Industry Experience

Supported By 5 Investment Professionals with 18 Years Avg. Industry Experience

Your Representative

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Performance

Performance

Portfolio

Portfolio

Portfolio Positioning as of 06/30/2020

  • We believe the Fund’s long-term positioning in high innovation stocks and industries should be a tailwind for relative performance. We believe industries powering the technology revolution – from the cloud to artificial intelligence to biotechnology, medical devices, and ecommerce – are best positioned to weather both cyclical bear markets and corrections with unique catalysts, 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for greater relative performance through an economic slowdown, as they continue to displace older businesses and outdated technologies. 
  • The Fund’s largest absolute weight is in the health care sector, but it is also the portfolio’s largest underweight relative to its benchmark, the Russell Microcap® Growth Index. We remain constructive on the sector, specifically innovative, minimally-invasive medical devices and the biotechnology industry, though we have avoided more speculative companies within the index.

Portfolio Details as of 09/30/2020

Total Net Assets
$108.15 M
Number of Holdings
92
Weighted Average Market Cap.
2.2 B
P/B Ratio
6.4x
P/E Ratio
26.5x

Contributors & Detractors as of  09/30/2020

Contributors

Holding Contribution
Fiverr Intl Ltd 2.0%
Vivint Solar, Inc. 1.4%
Silk Road Medical Inc 1.4%
Twist Bioscience Corp 1.1%
Trupanion Inc 1.0%

Detractors

Holding Contribution
Everquote Inc -0.8%
Myovant Sciences Ltd -0.6%
Limelight Networks, Inc. -0.6%
Karuna Therapeutics Inc -0.4%
Black Diamond Therapeut -0.3%

Attribution Analysis 

Micro Cap Growth Fund Benchmark Variance
Sector Avg. Weight Base Return Avg. Weight Base Return Stock Selection Group Weight Total

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
11/23/2020 11/24/2020 11/24/2020

Fees & Expenses

Fees & Expenses

Fund Documents

Fund Documents

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Summary Prospectus
Publish Date:11/03/2015
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Statutory Prospectus
Publish Date:11/03/2015
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Prospectus (XBRL)
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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The Russell Microcap® Growth Index measures the performance of those Russell Microcap companies with higher price-to-book ratios and higher forecasted growth values.

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