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Trending ETFs

Name

As of 10/26/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.05

$8.51 M

1.64%

$0.17

1.31%

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

$10.1
$9.78
$18.07

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 10/26/2022

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$10.05

$8.51 M

1.64%

$0.17

1.31%

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%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Lord Abbett Mid Cap Innovation Growth Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Dec 29, 2020
  • Shares Outstanding
    N/A
  • Share Class
    Retirement
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew 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.

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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

  1. Cheniere Energy Inc 2.85%
  2. Arista Networks Inc 2.68%
  3. Palo Alto Networks Inc 2.58%
  4. Affirm Holdings Inc Ordinary Shares - Class A 2.54%
  5. Lululemon Athletica Inc 2.39%
  6. Align Technology Inc 2.36%
  7. Enphase Energy Inc 2.23%
  8. Skyworks Solutions Inc 2.22%
  9. DocuSign Inc 2.09%
  10. 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

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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