Lord Abbett Developing Growth Fund Class A (LAGWX)
| Fund Assets | 1.84B |
| Expense Ratio | 0.94% |
| Min. Investment | $1,000 |
| Turnover | 122.00% |
| Dividend (ttm) | 0.01 |
| Dividend Yield | 0.02% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Nov 26, 2024 |
| Previous Close | 21.56 |
| YTD Return | -1.83% |
| 1-Year Return | 4.74% |
| 5-Year Return | 14.92% |
| 52-Week Low | 16.69 |
| 52-Week High | 24.58 |
| Beta (5Y) | 1.04 |
| Holdings | 84 |
| Inception Date | Oct 10, 1973 |
About LAGWX
The Lord Abbett Developing Growth Fund Class A is a mutual fund focused on delivering long-term capital appreciation by investing primarily in the equity securities of small U.S. companies. Its investment approach targets businesses that the portfolio management team believes have above-average, long-term growth potential, often emphasizing firms in the early stages of their corporate life cycles. The fund maintains a diversified portfolio spanning sectors such as information technology, consumer discretionary, health care, and industrials, reflecting a broad exposure to dynamic areas of the U.S. economy. Notable holdings include companies like CyberArk Software, Comfort Systems USA, and Guidewire Software, illustrating the fund’s concentration in innovative and rapidly expanding sectors. With a moderate expense ratio and active management style, the Lord Abbett Developing Growth Fund Class A plays a significant role in the small-cap growth category, offering investors access to growth opportunities that may be less accessible through larger, more established companies. The fund’s long-standing track record since its 1973 inception highlights its established presence and relevance for those seeking exposure to the small-cap growth segment of the market.
Performance
LAGWX had a total return of 4.74% in the past year, including dividends. Since the fund's inception, the average annual return has been 10.41%.
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
22.10% of assets| Name | Symbol | Weight |
|---|---|---|
| CyberArk Software Ltd. | CYBR | 3.03% |
| Stride, Inc. | LRN | 2.38% |
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 2.37% |
| Guidewire Software, Inc. | GWRE | 2.32% |
| Universal Technical Institute, Inc. | UTI | 2.20% |
| Verona Pharma plc | VRNA | 1.99% |
| Ollie's Bargain Outlet Holdings, Inc. | OLLI | 1.99% |
| Waystar Holding Corp. | WAY | 1.95% |
| Life Time Group Holdings, Inc. | LTH | 1.95% |
| Loar Holdings Inc. | LOAR | 1.94% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Nov 26, 2024 | $0.0057 | 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 |