About LGLIX
Lord Abbett Growth Leaders Fund Class I is an actively managed mutual fund that seeks capital appreciation by investing primarily in the equity securities of U.S. and select foreign companies. The fund targets businesses of all sizes—across the full range of market capitalizations—that the portfolio management team believes demonstrate above-average, long-term growth potential. Its holdings span diverse sectors, with a focus on companies exhibiting strong growth characteristics, and up to 10% of assets may be allocated to non-U.S. firms, including those in emerging markets.
The fund employs a bottom-up, fundamental analysis approach, allowing the portfolio composition and sector weightings to shift significantly as opportunities arise. It maintains a concentrated portfolio, typically holding around 43 positions, and features a high level of trading activity, which may result in increased transaction costs. Designed primarily for institutional investors, Class I shares have a $1,000,000 minimum investment unless certain exceptions apply. With net assets of approximately $6.88 billion and an expense ratio of 0.65%, Lord Abbett Growth Leaders Fund Class I serves as a vehicle for accessing growth-focused equities, aiming to outperform major benchmarks such as the Russell 1000 Growth Index.
Fund Family Lord Abbett
Category Large Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol LGLIX
Share Class Class I
Index Russell 1000 Growth TR
LGLIX had a total return of 6.80% in the past year, including dividends. Since the fund's
inception, the average annual return has been 15.44%.
