Lord Abbett Mid Cap Innovation Growth R3
Name
As of 10/26/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-36.6%
1 yr return
-26.8%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$8.51 M
Holdings in Top 10
21.8%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.31%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/26/2022Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LGIRX - Profile
Distributions
- YTD Total Return -36.6%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -1.15%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameLord Abbett Mid Cap Innovation Growth Fund
-
Fund Family NameLord Abbett
-
Inception DateDec 29, 2020
-
Shares OutstandingN/A
-
Share ClassRetirement
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerMatthew DeCicco
Fund Description
The Fund invests in equity securities of mid-sized companies that the portfolio management team believes demonstrate above-average, long-term growth potential. Under normal conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of mid-sized companies. A mid-sized company is defined as a company having a market capitalization at the time of purchase that falls within the market capitalization range of companies in the Russell Midcap® Index. The portfolio management team seeks to invest in the stocks of companies with strong business models, management, and competitive positions that are targeting markets that appear most likely to benefit from increased innovation. The team believes these companies possess revenue and earnings growth potential that can exceed market expectations.
Equity securities in which the Fund may invest include common stocks, preferred stocks, equity interests in trusts (including real estate investment trusts and privately offered trusts), partnerships, joint ventures, limited liability companies and vehicles with similar legal structures, other instruments convertible or exercisable into the foregoing, and other investments with similar economic characteristics.
The Fund may invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts (“ADRs”), and other similar depositary receipts. In addition to ADRs, the Fund generally
defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.
The Fund may engage in active and frequent trading of its portfolio securities.
The investment team may consider the risks and return potential presented by environmental, social, and governance (ESG) factors in investment decisions. The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
LGIRX - Performance
Return Ranking - Trailing
Period | LGIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -36.6% | -85.6% | 1619.8% | 89.31% |
1 Yr | -26.8% | -60.3% | 32.3% | 84.82% |
3 Yr | N/A* | -0.6% | 37.3% | 65.68% |
5 Yr | N/A* | 3.3% | 26.0% | 87.75% |
10 Yr | N/A* | 6.9% | 18.3% | 60.40% |
* Annualized
Return Ranking - Calendar
Period | LGIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -80.9% | 21888.9% | 90.25% |
2022 | N/A | -69.7% | 2474.5% | 85.35% |
2021 | 14.3% | -100.0% | 44.0% | 85.53% |
2020 | -17.6% | -100.0% | 9.2% | 64.90% |
2019 | 3.9% | -33.3% | 84.9% | 91.48% |
Total Return Ranking - Trailing
Period | LGIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -36.6% | -85.6% | 1619.8% | 88.32% |
1 Yr | -26.8% | -61.9% | 73.8% | 80.90% |
3 Yr | N/A* | -1.7% | 37.3% | 23.14% |
5 Yr | N/A* | 3.3% | 26.0% | 31.27% |
10 Yr | N/A* | 6.9% | 18.3% | 21.03% |
* Annualized
Total Return Ranking - Calendar
Period | LGIRX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | -80.9% | 21888.9% | 72.34% |
2022 | N/A | -69.7% | 2474.5% | 85.35% |
2021 | 14.3% | -100.0% | 44.0% | 85.53% |
2020 | -10.4% | -100.0% | 19.9% | 50.00% |
2019 | 11.3% | -33.3% | 84.9% | 89.60% |
NAV & Total Return History
LGIRX - Holdings
Concentration Analysis
LGIRX | Category Low | Category High | LGIRX % Rank | |
---|---|---|---|---|
Net Assets | 8.51 M | 710 K | 85.5 B | 94.59% |
Number of Holdings | 90 | 20 | 3702 | 30.68% |
Net Assets in Top 10 | 1.63 M | 2.5 K | 10.9 B | 97.08% |
Weighting of Top 10 | 21.84% | 4.3% | 92.1% | 73.70% |
Top 10 Holdings
- Cheniere Energy Inc 2.85%
- Arista Networks Inc 2.68%
- Palo Alto Networks Inc 2.58%
- Affirm Holdings Inc Ordinary Shares - Class A 2.54%
- Lululemon Athletica Inc 2.39%
- Align Technology Inc 2.36%
- Enphase Energy Inc 2.23%
- Skyworks Solutions Inc 2.22%
- DocuSign Inc 2.09%
- Live Nation Entertainment Inc 2.06%
Asset Allocation
Weighting | Return Low | Return High | LGIRX % Rank | |
---|---|---|---|---|
Stocks | 100.00% | 23.99% | 100.52% | 6.01% |
Preferred Stocks | 0.00% | 0.00% | 2.30% | 48.86% |
Other | 0.00% | -2.66% | 23.05% | 51.95% |
Convertible Bonds | 0.00% | 0.00% | 0.40% | 44.81% |
Cash | 0.00% | -0.52% | 26.94% | 91.07% |
Bonds | 0.00% | 0.00% | 44.75% | 46.59% |
Stock Sector Breakdown
Weighting | Return Low | Return High | LGIRX % Rank | |
---|---|---|---|---|
Technology | 38.90% | 0.04% | 62.17% | 11.69% |
Healthcare | 19.33% | 0.00% | 43.77% | 33.77% |
Consumer Cyclical | 14.17% | 0.00% | 57.41% | 50.97% |
Industrials | 12.98% | 0.00% | 38.23% | 64.61% |
Financial Services | 5.47% | 0.00% | 43.01% | 62.50% |
Communication Services | 3.06% | 0.00% | 18.33% | 45.94% |
Energy | 2.85% | 0.00% | 62.10% | 32.47% |
Real Estate | 1.67% | 0.00% | 19.28% | 64.45% |
Consumer Defense | 1.57% | 0.00% | 16.40% | 64.61% |
Utilities | 0.00% | 0.00% | 12.94% | 58.60% |
Basic Materials | 0.00% | 0.00% | 17.25% | 84.74% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | LGIRX % Rank | |
---|---|---|---|---|
US | 98.22% | 23.38% | 100.52% | 14.77% |
Non US | 1.78% | 0.00% | 35.22% | 68.18% |
LGIRX - Expenses
Operational Fees
LGIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.31% | 0.02% | 2.69% | 23.15% |
Management Fee | 0.65% | 0.00% | 1.50% | 34.32% |
12b-1 Fee | 0.50% | 0.00% | 1.00% | 72.11% |
Administrative Fee | 0.04% | 0.00% | 0.40% | 20.95% |
Sales Fees
LGIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
LGIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
LGIRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 417.06% | 43.17% |
LGIRX - Distributions
Dividend Yield Analysis
LGIRX | Category Low | Category High | LGIRX % Rank | |
---|---|---|---|---|
Dividend Yield | 1.64% | 0.00% | 48.80% | 50.16% |
Dividend Distribution Analysis
LGIRX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
LGIRX | Category Low | Category High | LGIRX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.15% | -2.24% | 2.75% | 85.83% |
Capital Gain Distribution Analysis
LGIRX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 29, 2019 | $0.041 | OrdinaryDividend |
Dec 27, 2018 | $0.147 | OrdinaryDividend |
Sep 28, 2018 | $0.034 | OrdinaryDividend |
Jun 29, 2018 | $0.043 | OrdinaryDividend |
Mar 29, 2018 | $0.032 | OrdinaryDividend |
Dec 29, 2017 | $0.157 | OrdinaryDividend |
Sep 29, 2017 | $0.045 | OrdinaryDividend |
Jun 30, 2017 | $0.068 | OrdinaryDividend |
Mar 31, 2017 | $0.059 | OrdinaryDividend |
Dec 30, 2016 | $0.186 | OrdinaryDividend |
Dec 21, 2016 | $0.039 | ExtraDividend |
Sep 30, 2016 | $0.038 | OrdinaryDividend |
Jun 30, 2016 | $0.087 | OrdinaryDividend |
Mar 31, 2016 | $0.066 | OrdinaryDividend |
Dec 31, 2015 | $0.181 | OrdinaryDividend |
Sep 30, 2015 | $0.063 | OrdinaryDividend |
Jun 30, 2015 | $0.095 | OrdinaryDividend |
Mar 31, 2015 | $0.080 | OrdinaryDividend |
Dec 31, 2014 | $0.158 | OrdinaryDividend |
Sep 30, 2014 | $0.071 | OrdinaryDividend |
Jun 27, 2014 | $0.105 | OrdinaryDividend |
Mar 28, 2014 | $0.086 | OrdinaryDividend |
Dec 31, 2013 | $0.140 | OrdinaryDividend |
Sep 27, 2013 | $0.083 | OrdinaryDividend |
Jun 28, 2013 | $0.114 | OrdinaryDividend |
Mar 28, 2013 | $0.054 | OrdinaryDividend |
Dec 28, 2012 | $0.134 | OrdinaryDividend |
Dec 20, 2012 | $0.090 | ExtraDividend |
Sep 28, 2012 | $0.074 | OrdinaryDividend |
Jun 29, 2012 | $0.113 | OrdinaryDividend |
Mar 30, 2012 | $0.072 | OrdinaryDividend |
Dec 30, 2011 | $0.122 | OrdinaryDividend |
Dec 21, 2011 | $0.006 | ExtraDividend |
Sep 30, 2011 | $0.070 | OrdinaryDividend |
Jun 30, 2011 | $0.067 | OrdinaryDividend |
Mar 31, 2011 | $0.054 | OrdinaryDividend |
Dec 31, 2010 | $0.069 | OrdinaryDividend |
Dec 22, 2010 | $0.055 | ExtraDividend |
Sep 30, 2010 | $0.066 | OrdinaryDividend |
Jun 30, 2010 | $0.059 | OrdinaryDividend |
Mar 31, 2010 | $0.058 | OrdinaryDividend |
Dec 30, 2009 | $0.072 | OrdinaryDividend |
Sep 30, 2009 | $0.073 | OrdinaryDividend |
Jun 30, 2009 | $0.075 | OrdinaryDividend |
Mar 31, 2009 | $0.083 | OrdinaryDividend |
Dec 30, 2008 | $0.082 | OrdinaryDividend |
Dec 23, 2008 | $0.308 | ExtraDividend |
Sep 30, 2008 | $0.079 | OrdinaryDividend |
Jun 27, 2008 | $0.093 | OrdinaryDividend |
Mar 28, 2008 | $0.078 | OrdinaryDividend |
Dec 27, 2007 | $0.078 | OrdinaryDividend |
Dec 21, 2007 | $0.042 | ExtraDividend |
LGIRX - Fund Manager Analysis
Managers
Matthew DeCicco
Start Date
Tenure
Tenure Rank
Dec 12, 2020
1.47
1.5%
Mr. DeCicco is a holder of a Chartered Financial Analyst designation and joined Lord Abbett in 1999. He has been a member of the team since 2002 and assumed Portfolio Manager in 2015.
Benjamin Ebel
Start Date
Tenure
Tenure Rank
Dec 12, 2020
1.47
1.5%
Benjamin Ebel, Portfolio Manager, who joined Lord Abbett in 2005.
Steven Wortman
Start Date
Tenure
Tenure Rank
Dec 12, 2020
1.47
1.5%
Steven H. Wortman, Portfolio Manager, who joined Lord Abbett in 2016.
Vernon Bice
Start Date
Tenure
Tenure Rank
Dec 12, 2020
1.47
1.5%
Vernon T. Bice, CMTis a Portfolio Manager of Lord Abbett. He is responsible for contributing to the management for the firm’s micro cap growth, small cap growth, and growth equity strategies. He plays a key role in technical analysis, drawing on his deep experience to provide insights to the portfolio management team. Mr. Bice joined Lord Abbett in 2011. He has worked in the financial services industry since 2001.
F. O’Halloran
Start Date
Tenure
Tenure Rank
Dec 12, 2020
1.47
1.5%
F. Thomas O’Halloran, J.D., CFA, Partner & Director Mr. O'Halloran is the lead portfolio manager of the small cap growth, micro cap growth, and growth equity strategies. Mr. O'Halloran joined Lord Abbett in 2001 as a research analyst for the small cap growth equity strategy and was named Partner in 2003. His prior experience includes Executive Director/Senior Research Analyst at Dillon, Read & Co. and as a trial attorney. Mr. O'Halloran received an AB from Bowdoin College, a JD from Boston College, and an MBA from Columbia University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 36.3 | 8.95 | 1.47 |