Micro Cap Growth Fund
Daily price w/o sales charge as of 12/07/2022
$13.07
$0.09
YTD Returns w/o sales charge as of 12/07/2022
-29.43%
Overall Morningstar RatingsSmall Growth
as of 11/30/2022
Morningstar rated the Lord Abbett Micro Cap Growth Fund class A share 4, 4 and 5 stars among 574, 529 and 399 Small Growth Funds for the overall rating and the 3, 5 and 10 year periods ended 11/30/2022, respectively.
Please click here for performance current to the most recent quarter-end and month-end.
Summary
Summary
Fund Basicsas of 10/31/2022
- Total Net Assets
- $233.92 M
- Inception Date
- 05/01/2000
- Dividend Frequency
- Annually
- Fund Expense Ratio
- 1.37%
- Number of Holdings
- 74
- Minimum Initial Investment
- $1,500+
Fund Expense Ratio :
1.37%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/01/2000 |
|---|
| w/o sales charge | -25.97% | -25.12% | 13.09% | 14.66% | 17.44% | 10.05% |
| Lipper Category Avg. Small-Cap Growth Funds | -22.06% | -20.43% | 6.29% | 7.54% | 10.87% | - |
| Russell Microcap® Growth Index | -26.68% | -28.56% | 3.43% | 1.92% | 7.82% | - |
| w/ sales charge | -30.23% | -29.44% | 10.87% | 13.31% | 16.75% | 9.76% |
Fund Expense Ratio :
1.37%
Fund Expense Ratio :
1.37%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/01/2000 |
|---|
| w/o sales charge | -30.67% | -29.37% | 15.13% | 12.97% | 16.05% | 9.80% |
| Lipper Category Avg. Small-Cap Growth Funds | -30.15% | -28.58% | 4.76% | 6.11% | 9.44% | - |
| Russell Microcap® Growth Index | -31.60% | -37.05% | 4.40% | 0.65% | 6.60% | - |
| w/ sales charge | -34.66% | -33.44% | 12.87% | 11.63% | 15.37% | 9.52% |
Fund Expense Ratio :
1.37%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
TEN LARGEST HOLDINGS as of 10/31/2022View Portfolio
| Holding | Assets |
|---|---|
| Ventyx Biosciences Inc | 3.4% |
| Impinj Inc | 3.3% |
| Calix Inc | 2.9% |
| ICF International Inc | 2.9% |
| Agilysys Inc | 2.7% |
| Krystal Biotech Inc | 2.5% |
| Xenon Pharmaceuticals Inc | 2.5% |
| Kura Sushi USA Inc | 2.2% |
| Rambus Inc | 2.2% |
| Chefs' Warehouse Inc/The | 2.1% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 10/31/2022View Portfolio
| Sector | Weighting |
|---|
| Sector | Weighting |
|---|---|
| Communication Services | |
| Real Estate | |
| Utilities | |
| Consumer Discretionary | |
| Consumer Staples | |
| Energy | |
| Financials | |
| Health Care | |
| Industrials | |
| Information Technology | |
| Materials |
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Performance
Performance
Fund Expense Ratio :
1.37%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/01/2000 |
|---|
| w/o sales charge | -25.97% | -25.12% | 13.09% | 14.66% | 17.44% | 10.05% |
| Lipper Category Avg. Small-Cap Growth Funds | -22.06% | -20.43% | 6.29% | 7.54% | 10.87% | - |
| Russell Microcap® Growth Index | -26.68% | -28.56% | 3.43% | 1.92% | 7.82% | - |
| w/ sales charge | -30.23% | -29.44% | 10.87% | 13.31% | 16.75% | 9.76% |
Fund Expense Ratio :
1.37%
Fund Expense Ratio :
1.37%
| YTD | 1-YR | 3-YR | 5-YR | 10-YR | Since Inception 05/01/2000 |
|---|
| w/o sales charge | -30.67% | -29.37% | 15.13% | 12.97% | 16.05% | 9.80% |
| Lipper Category Avg. Small-Cap Growth Funds | -30.15% | -28.58% | 4.76% | 6.11% | 9.44% | - |
| Russell Microcap® Growth Index | -31.60% | -37.05% | 4.40% | 0.65% | 6.60% | - |
| w/ sales charge | -34.66% | -33.44% | 12.87% | 11.63% | 15.37% | 9.52% |
Fund Expense Ratio :
1.37%
Returns with sales charges reflect a maximum sales charge of 5.75%.
The performance quoted represents past performance, which is no indication of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost. Therefore, there can be no assurance for future results.
| Year | Fund Returns | Russell Microcap® Growth Index |
|---|
| 2021 | 3.46% | 0.88% |
| 2020 | 79.42% | 40.13% |
| 2019 | 34.57% | 23.33% |
| 2018 | 2.74% | -14.18% |
| 2017 | 38.43% | 16.65% |
| 2016 | 2.07% | 6.86% |
| 2015 | -6.38% | -3.85% |
| 2014 | 10.83% | 4.30% |
| 2013 | 78.53% | 52.84% |
| 2012 | 2.35% | 15.17% |
| 2011 | -5.87% | - |
| 2010 | 33.77% | - |
| 2009 | 52.61% | - |
| 2008 | -46.45% | - |
| 2007 | 22.76% | - |
| 2006 | 25.37% | - |
| 2005 | 2.55% | - |
| 2004 | 25.89% | - |
| 2003 | 49.34% | - |
| 2002 | -30.97% | - |
| Year | Q1 | Q2 | Q3 | Q4 | Yearly Returns |
|---|
| 2022 | -17.22% | -22.57% | 8.17% | - | -29.43% |
| 2021 | 12.29% | -0.15% | -9.42% | 1.87% | 3.46% |
| 2020 | -24.28% | 47.61% | 17.48% | 36.65% | 79.42% |
| 2019 | 22.67% | 7.47% | -13.91% | 18.57% | 34.57% |
| 2018 | 5.24% | 15.77% | 10.08% | -23.39% | 2.74% |
| 2017 | 9.00% | 8.12% | 13.61% | 3.39% | 38.43% |
| 2016 | -13.70% | 6.01% | 14.49% | -2.55% | 2.07% |
| 2015 | 7.33% | 4.15% | -16.30% | 0.06% | -6.38% |
| 2014 | 7.92% | -6.53% | -6.55% | 17.58% | 10.83% |
| 2013 | 21.83% | 15.00% | 17.29% | 8.65% | 78.53% |
| 2012 | 17.67% | -9.76% | 1.32% | -4.87% | 2.35% |
| 2011 | 4.82% | 0.11% | -21.90% | 14.86% | -5.87% |
| 2010 | 6.60% | -8.74% | 15.08% | 19.49% | 33.77% |
| 2009 | -0.95% | 31.46% | 13.47% | 3.29% | 52.61% |
| 2008 | -23.22% | 4.46% | -5.93% | -29.02% | -46.45% |
| 2007 | 5.64% | 9.81% | 4.01% | 1.76% | 22.76% |
| 2006 | 17.15% | -9.83% | 1.22% | 17.25% | 25.37% |
| 2005 | -9.50% | 5.88% | 6.91% | 0.10% | 2.55% |
| 2004 | 12.33% | 1.65% | -11.11% | 24.03% | 25.89% |
| 2003 | -3.55% | 27.29% | 11.68% | 8.93% | 49.34% |
| 2002 | -0.18% | -12.74% | -21.79% | 1.33% | -30.97% |
| 2001 | 2.34% | 12.03% | -21.11% | 29.32% | 16.96% |
| 2000 | - | - | -4.83% | -19.30% | -30.76% |
Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.
Growth of $10,000 as of 07/31/2021
The chart begins on the Fund's inception date of 05/01/2000.
Based on a hypothetical Class A share investment of $10,000 on 05/01/2000 without sales charge and includes the reinvestment of all distributions.
NAV Historical Prices
| Date | Net Asset Value |
|---|
Portfolio
Portfolio
| Holding | Sector | Assets |
|---|
| Ventyx Biosciences Inc | Health Care | 3.4% |
| Impinj Inc | Information Technology | 3.3% |
| Calix Inc | Information Technology | 2.9% |
| ICF International Inc | Industrials | 2.9% |
| Agilysys Inc | Information Technology | 2.7% |
| Krystal Biotech Inc | Health Care | 2.5% |
| Xenon Pharmaceuticals Inc | Health Care | 2.5% |
| Kura Sushi USA Inc | Consumer Discretionary | 2.2% |
| Rambus Inc | Information Technology | 2.2% |
| Chefs' Warehouse Inc/The | Consumer Staples | 2.1% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
| Holding | Sector | Assets |
|---|
| Ventyx Biosciences Inc | Health Care | 3.9% |
| ICF International Inc | Industrials | 2.8% |
| Xenon Pharmaceuticals Inc | Health Care | 2.6% |
| Calix Inc | Information Technology | 2.6% |
| Agilysys Inc | Information Technology | 2.5% |
| Krystal Biotech Inc | Health Care | 2.5% |
| Impinj Inc | Information Technology | 2.4% |
| Kura Sushi USA Inc | Consumer Discretionary | 2.2% |
| Lantheus Holdings Inc | Health Care | 2.0% |
| Axonics Inc | Health Care | 2.0% |
| Rambus Inc | Information Technology | 2.0% |
| BELLUS Health Inc | Health Care | 2.0% |
| Napco Security Technologies Inc | Information Technology | 1.9% |
| TransMedics Group Inc | Health Care | 1.8% |
| MGP Ingredients Inc | Consumer Staples | 1.8% |
| Heritage-Crystal Clean Inc | Industrials | 1.8% |
| Arcellx Inc | Health Care | 1.7% |
| JFrog Ltd | Information Technology | 1.7% |
| Silk Road Medical Inc | Health Care | 1.7% |
| PowerSchool Holdings Inc | Consumer Discretionary | 1.7% |
| Sweetgreen Inc | Consumer Discretionary | 1.7% |
| indie Semiconductor Inc | Information Technology | 1.6% |
| OrthoPediatrics Corp | Health Care | 1.6% |
| Treace Medical Concepts Inc | Health Care | 1.6% |
| Chefs' Warehouse Inc/The | Consumer Staples | 1.6% |
| Intra-Cellular Therapies Inc | Health Care | 1.6% |
| AvidXchange Holdings Inc | Information Technology | 1.6% |
| elf Beauty Inc | Consumer Staples | 1.5% |
| Pliant Therapeutics Inc | Health Care | 1.5% |
| Gogo Inc | Communication Services | 1.5% |
| Day One Biopharmaceuticals Inc | Health Care | 1.5% |
| NV5 Global Inc | Industrials | 1.5% |
| Ameresco Inc | Industrials | 1.4% |
| Merus NV | Health Care | 1.4% |
| AeroVironment Inc | Industrials | 1.4% |
| Stride Inc | Consumer Discretionary | 1.4% |
| Karuna Therapeutics Inc | Health Care | 1.3% |
| Rocket Pharmaceuticals Inc | Health Care | 1.2% |
| Syndax Pharmaceuticals Inc | Health Care | 1.1% |
| Remitly Global Inc | Information Technology | 1.1% |
| Oxford Industries Inc | Consumer Discretionary | 1.0% |
| Proto Labs Inc | Industrials | 1.0% |
| SI-BONE Inc | Health Care | 1.0% |
| Nkarta Inc | Health Care | 0.9% |
| PROCEPT BioRobotics Corp | Health Care | 0.9% |
| Talos Energy Inc | Energy | 0.9% |
| ChemoCentryx Inc | Health Care | 0.9% |
| Avid Technology Inc | Information Technology | 0.9% |
| Warby Parker Inc | Consumer Discretionary | 0.9% |
| ZipRecruiter Inc | Communication Services | 0.9% |
| Vita Coco Co Inc/The | Consumer Staples | 0.9% |
| CEVA Inc | Information Technology | 0.8% |
| International Money Express Inc | Information Technology | 0.8% |
| Resources Connection Inc | Industrials | 0.8% |
| Byline Bancorp Inc | Financials | 0.8% |
| Ooma Inc | Communication Services | 0.8% |
| Monarch Casino & Resort Inc | Consumer Discretionary | 0.8% |
| Montrose Environmental Group Inc | Industrials | 0.7% |
| Pulmonx Corp | Health Care | 0.7% |
| Arteris Inc | Information Technology | 0.7% |
| Carpenter Technology Corp | Materials | 0.7% |
| Bowlero Corp | Consumer Discretionary | 0.7% |
| Figs Inc | Health Care | 0.7% |
| Insmed Inc | Health Care | 0.6% |
| Fiverr International Ltd | Consumer Discretionary | 0.6% |
| OSI Systems Inc | Information Technology | 0.6% |
| 908 Devices Inc | Information Technology | 0.6% |
| AAR Corp | Industrials | 0.6% |
| TPI Composites Inc | Industrials | 0.6% |
| Golar LNG Ltd | Energy | 0.5% |
| Piper Sandler Cos | Financials | 0.5% |
| Udemy Inc | Consumer Discretionary | 0.5% |
| NerdWallet Inc | Financials | 0.4% |
| Ichor Holdings Ltd | Information Technology | 0.1% |
| Distribution Solutions Group Inc | Industrials | 0.1% |
| Riskified Ltd | Information Technology | 0.1% |
Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.
Sector Allocationas of 10/31/2022
| Sector | Weighting | Fund Change from Previous Quarter |
|---|
| Sector | Weighting | Fund Change from Previous Quarter |
|---|---|---|
| Communication Services |
 0.3%
|
|
| Real Estate | 0.0% | |
| Utilities | 0.0% | |
| Consumer Discretionary |
1.8%
|
|
| Consumer Staples |
0.1%
|
|
| Energy |
0.2%
|
|
| Financials |
0.2%
|
|
| Health Care |
0.7%
|
|
| Industrials |
0.9%
|
|
| Information Technology |
3.3%
|
|
| Materials |
0.1%
|
Portfolio Details as of 10/31/2022
- Total Net Assets
- $233.92 M
- Number of Holdings
- 74
- Weighted Average Market Cap.
- 2.0 B
- P/B Ratio
- 4.1x
- P/E Ratio
- 13.6x
To view definitions for the above Portfolio Details, Click here.
P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.
P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.
Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.
Contributors & Detractors as of 09/30/2022
Contributors
| Holding | Contribution |
|---|---|
| Ventyx Biosciences Inc | 2.0% |
| Chemocentryx Inc | 1.6% |
| Calix Inc | 1.2% |
| Impinj Inc | 0.8% |
| Atlas Air Worldwide Holdings, Inc. | 0.7% |
Detractors
| Holding | Contribution |
|---|---|
| Gogo, Inc. | -0.8% |
| Chefs' Warehouse, Inc. | -0.6% |
| Lawson Products, Inc. | -0.6% |
| TPI Composites Inc | -0.5% |
| Lulus Fashion Lounge Ho | -0.5% |
% Contribution reflects the effect of the individual stock's performance on the Fund's overall performance for the period. Individual holdings and their effect on Fund performance may change significantly over time. Investors should consider the overall performance of the Fund before making a decision on whether or not to invest in the Fund.
Attribution Analysis
| Micro Cap Growth Fund | Benchmark | Variance | |||||
|---|---|---|---|---|---|---|---|
| Sector | Avg. Weight | Base Return | Avg. Weight | Base Return | Stock Selection | Group Weight | Total |
The total base return displayed for the Fund does not capture daily cash flow and trading activity and therefore is subject to reasonable variance from the Fund's actual return. Please refer to the Fund's performance results for longer-term returns. The Fund is actively managed and portfolio characteristics, such as individual holdings and sector weightings, may change significantly over time.
Source: Wilshire Attribution Software. GICS sector classification; non-GICS securities classified by Lord Abbett. Sectors may include many industries.
Dividends & Cap Gains
Dividends & Cap Gains
Dividend Payments
- YTD Dividends Paidas of 12/07/2022
- $0
- Dividend Frequency
- Annually
| Record Date | Ex-Dividend Date | Reinvest & Payable Date | Dividend | Reinvest Price |
|---|---|---|---|---|
| 11/20/2001 | 11/21/2001 | 11/21/2001 | $0.00740 | $10.09 |
Capital Gains Distributions
| Record Date | Reinvest & Payable Date | Long-term | Short-term * | Total | Reinvest Price |
|---|---|---|---|---|---|
| 11/23/2020 | 11/24/2020 | $2.8043 | $2.2741 | $5.0784 | $15.43 |
Taxed as ordinary income
Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.
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.
Fees & Expenses
Fees & Expenses
Sales Charge Schedule as of 12/07/2022
| Sales Charge | Dealer's Concession | Prices at Breakpoint | |
|---|---|---|---|
| Less than $50,000 | 5.75% | 5.00% | $13.87 |
| $50,000 to $99,999 | 4.75% | 4.00% | $13.72 |
| $100,000 to $249,999 | 3.95% | 3.25% | $13.61 |
| $250,000 to $499,999 | 2.75% | 2.25% | $13.44 |
| $500,000 to $999,999 | 1.95% | 1.75% | $13.33 |
| $1,000,000 to $5,000,000 | 0.00% | 1.00% | $13.07 |
The 12b-1 trail commission is 0.15% (accrues immediately) for all fixed-income and municipal income funds.
Class A shares purchased without a sales charge (commissionable NAV) will be subject to a CDSC of 1% if they are redeemed before the first day of the month in which the one-year anniversary of the purchase falls.
Expense Ratioas of 11/30/2022
| 1.37% |
Fund Documents
Fund Documents
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Portfolio Holdings 1Q
Publish Date:11/03/2015
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Portfolio Holdings 3Q
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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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SAI
Publish Date:11/03/2015
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Annual Report
Publish Date:11/03/2015
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Semi-Annual Report
Publish Date:11/03/2015
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Fact Sheet
Publish Date:11/03/2015
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