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Lord Abbett Micro Cap Growth Fund Class I (LMIYX)

20.91
Net Asset Value
+0.24%
1 Day
+10.34%
Year-to-Date
Overall Morningstar Rating
Small growth
Style or Category
No Load
Sales Expenses
1.78%
Expense Ratio
High
Morningstar Risk Rating™
Investment Objective The investment seeks long-term capital appreciation. To pursue its objective, the fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of micro-cap companies. For purposes of the policy, the managers define a micro-cap company as a company having a market capitalization at the time of purchase that is under $1 billion or falls within the market capitalization range of companies in the Russell Microcap ® Index.

Performance

1 month+0.29% 3 years+29.40%
3 months+4.46% 5 years+22.69%
1 year+31.13% Since inception+11.05%
Data through --

Peer Comparisonvs. Small growth

 LMIYXCategory
Performance 5-yr return+22.69%+17.65%
Expense ratio1.78%1.37%
Risk 5 year sharpe ratio1.171.05
Net assets$166.9M$835.3M
Average market cap$1.1B$2.9B
Average P/E--28.2
Portfolio turnover208%208%

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Fund Management and Purchase Info

Fund familyLord Abbett
Fund manager & tenureMatthew DeCicco / 12 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--

Holdings

U.S. stock92.24%
International stock4.20%
Cash2.99%
Fixed income0.57%
Other0.00%
Top 5 Sectors
Portfolio weighting
Healthcare 22.76%
Hardware 20.42%
Business service 11.36%
Industrial materials 8.72%
Telecommunication 7.47%
Top 10 Holdings
Portfolio weighting
DPLO Diplomat Pharmacy Inc2.02%
TWOU 2U Inc1.96%
DEPO Depomed Inc1.89%
ONCE Spark Therapeutics Inc1.88%
ANAC Anacor Pharmaceuticals Inc1.86%
FLDM Fluidigm Corp1.84%
BLUE bluebird bio Inc1.77%
STMP Stamps.com Inc1.76%
RCPT Receptos Inc1.75%
HZO MarineMax Inc1.69%