About LADPX
The Lord Abbett Developing Growth Fund Class P is an open-end mutual fund focused on achieving long-term capital appreciation by investing primarily in equity securities of small U.S. companies. The fund targets firms that the management team identifies as being in the 'developing growth' phase, a stage defined by rapid expansion following their start-up period but before reaching the maturity of larger, established companies. This investment approach seeks companies positioned for above-average, long-term growth potential, often before their earnings have fully matured relative to the broader market.
As of May 2025, the fund manages approximately $1.84 billion in assets and holds a diversified portfolio of about 85 securities, spanning sectors such as information technology, health care, industrials, and consumer discretionary. While it primarily invests in domestic small-cap stocks, the fund may allocate up to 20% of its assets to international or emerging market equities. Managed actively by an experienced investment team, the fund’s strategy is designed for investors seeking exposure to dynamic, smaller companies with strong growth prospects, contributing to its distinct role within the small-cap growth segment of the financial markets.
Fund Family Lord Abbett
Category Small Growth
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol LADPX
Share Class Class P
Index Russell 2000 Growth TR
LADPX had a total return of 18.11% in the past year, including dividends. Since the fund's
inception, the average annual return has been 15.59%.
