Lord Abbett Developing Growth Fund Class R3 (LADRX)

25.30
Net Asset Value
-0.86%
1 Day
+11.45%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
No Load
Sales Expenses
1.21%
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 equity securities of companies the portfolio management team believes demonstrate above-average- long-term growth potential. It invests at least 65% of its net assets in equity securities of small companies. The fund may invest up to 10% of its net assets in foreign companies- including emerging market companies and American Depositary Receipts ("ADRs").

Performance

1 month+0.24% 3 years+5.18%
3 months+7.57% 5 years+13.64%
1 year+35.15% Since inception+8.42%
Data through --

Peer Comparisonvs. Small growth

 LADRXCategory
Performance 5-yr return+13.64%+11.88%
Expense ratio1.21%1.27%
Risk 5 year sharpe ratio0.760.87
Net assets$1.8B$1.1B
Average market cap$3.6B$3.4B
Average P/E26.526.7
Portfolio turnover134%134%

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Fund Management and Purchase Info

Fund familyLord Abbett
Fund manager & tenureF. O’Halloran / 16 Years
Minimal initial investment$0.00
Minimum IRA investment--

Holdings

U.S. stock95.87%
International stock4.13%
Fixed income0.00%
Cash0.00%
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
PLNT Planet Fitness Inc2.76%
TWOU 2U Inc2.68%
GRUB GrubHub Inc2.60%
HUBS HubSpot Inc2.34%
PODD Insulet Corp2.33%
BPMC Blueprint Medicines Corp2.00%
PEN Penumbra Inc1.88%
SAGE SAGE Therapeutics Inc1.88%
CHGG Chegg Inc1.79%
MTZ MasTec Inc1.79%