Lord Abbett Developing Growth Fund Class R6 (LADVX)
| Fund Assets | 2.22B |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 112.00% |
| Dividend (ttm) | 0.06 |
| Dividend Yield | 0.17% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 44.95 |
| YTD Return | 31.78% |
| 1-Year Return | 66.58% |
| 5-Year Return | 26.35% |
| 52-Week Low | 27.25 |
| 52-Week High | 45.36 |
| Beta (5Y) | n/a |
| Holdings | 90 |
| Inception Date | Jun 30, 2015 |
About LADVX
Lord Abbett Developing Growth Fund Inc. Class R6 is an actively managed mutual fund focused on achieving long-term capital appreciation by investing primarily in the equity securities of small U.S. companies. The fund targets firms that are believed to be in the "developing growth" phase—a stage characterized by rapid expansion following their start-up period, typically offering growth potential not commonly found in more mature businesses. Leveraging in-depth research and stock selection, the fund seeks companies with above-average, long-term growth prospects, as identified by its portfolio management team. Covering diverse sectors such as information technology, healthcare, industrials, consumer discretionary, and more, the portfolio maintains broad exposure across the small-cap growth universe. Class R6 shares are structured for retirement plans and institutional investors, featuring a competitive expense ratio. The fund’s strategy results in a relatively high turnover rate, reflecting its dynamic approach to capturing opportunities in the small-cap segment. By focusing on early-stage growth companies, Lord Abbett Developing Growth Fund Inc. Class R6 plays a distinct role for investors seeking diversified access to emerging leaders within the U.S. small-cap equity market.
Performance
LADVX had a total return of 66.58% in the past year, including dividends. Since the fund's inception, the average annual return has been 14.32%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FECGX | Fidelity | Fidelity Small Cap Growth Index Fund | 0.05% |
| FCIGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class I | 1.07% |
| FCPGX | Fidelity | Fidelity Small Cap Growth Fund | 1.05% |
| FCTGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class M | 1.58% |
| FCCGX | Fidelity | Fidelity Advisor Small Cap Growth Fund - Class C | 2.08% |
Top 10 Holdings
24.10% of assets| Name | Symbol | Weight |
|---|---|---|
| Guardant Health, Inc. | GH | 3.26% |
| Comfort Systems USA, Inc. | FIX | 3.22% |
| Carpenter Technology Corporation | CRS | 2.80% |
| Madrigal Pharmaceuticals, Inc. | MDGL | 2.31% |
| BridgeBio Pharma, Inc. | BBIO | 2.22% |
| MACOM Technology Solutions Holdings, Inc. | MTSI | 2.20% |
| Sterling Infrastructure, Inc. | STRL | 2.08% |
| Nova Ltd. | NVMI | 2.07% |
| Fabrinet | FN | 2.03% |
| Karman Holdings Inc. | KRMN | 1.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 26, 2024 | $0.0605 | Nov 26, 2024 |
| Nov 23, 2021 | $3.3406 | Nov 23, 2021 |
| Nov 24, 2020 | $2.9547 | Nov 24, 2020 |
| Nov 21, 2019 | $4.4885 | Nov 21, 2019 |
| Nov 20, 2018 | $6.2452 | Nov 20, 2018 |
| Nov 24, 2015 | $1.8513 | Nov 24, 2015 |