Lord Abbett Developing Growth Fund Class R3 (LADRX)

23.62
Net Asset Value
+0.38%
1 Day
+8.30%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
No Load
Sales Expenses
1.23%
Expense Ratio
Above Average
Morningstar Risk Rating™
Investment Objective The investment seeks long-term growth of capital through a diversified and actively managed portfolio consisting of developing growth companies, many of which are traded over the counter. To pursue its objective, the fund invests primarily in the common stocks of companies demonstrating above-average, long-term growth potential. The fund invests at least 65% of its net assets in equity securities of small companies. In selecting investments, it may invest in U.S. and foreign (including emerging market) companies.

Performance

1 month-1.87% 3 years+23.28%
3 months+3.82% 5 years+20.50%
1 year+22.32% Since inception+9.39%
Data through --

Peer Comparisonvs. Small growth

 LADRXCategory
Performance 5-yr return+20.50%+15.12%
Expense ratio1.23%1.38%
Risk 5 year sharpe ratio0.980.82
Net assets$3.4B$812.0M
Average market cap$2.6B$2.9B
Average P/E32.128.3
Portfolio turnover235%235%

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Fund Management and Purchase Info

Fund familyLord Abbett
Fund manager & tenureF. O’Halloran, III / 13 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

U.S. stock95.12%
International stock2.82%
Cash2.06%
Fixed income0.00%
Other0.00%
Top 5 Sectors
Portfolio weighting
Healthcare 15.78%
Industrial materials 12.87%
Hardware 10.98%
Consumer goods 9.38%
Business service 9.03%
Top 10 Holdings
Portfolio weighting
WETF WisdomTree Investments Inc1.77%
GRUB GrubHub Inc1.77%
ABMD Abiomed Inc1.75%
EPAM EPAM Systems Inc1.70%
CAVM Cavium Inc1.69%
IPGP IPG Photonics Corp1.57%
ULTI Ultimate Software Group Inc1.48%
GOGO Gogo Inc1.47%
FEYE FireEye Inc1.47%
MKTX Marketaxess Holdings Inc1.45%

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