Lord Abbett Growth Leaders Fund Class F3 (LGLOX)
| Fund Assets | 6.88B |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000,000 |
| Turnover | 94.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 54.43 |
| YTD Return | 9.49% |
| 1-Year Return | 31.14% |
| 5-Year Return | 90.15% |
| 52-Week Low | 37.75 |
| 52-Week High | 54.99 |
| Beta (5Y) | n/a |
| Holdings | 45 |
| Inception Date | n/a |
About LGLOX
The Lord Abbett Growth Leaders Fund Class F3 is an actively managed mutual fund designed to seek capital appreciation by investing in equity securities of both U.S. and foreign companies. The fund’s strategy focuses on identifying growth-oriented businesses across all market capitalization ranges, with a notable emphasis on high-growth sectors such as information technology, communication services, and consumer discretionary. Managed by a seasoned team, the fund typically holds around 50 securities, with significant allocations to industry leaders like NVIDIA, Amazon, Microsoft, Alphabet, Meta Platforms, and Tesla. This approach results in a concentrated portfolio where the top ten holdings collectively represent over 44% of total assets. With a net expense ratio of 0.59%, the fund aims to outperform its benchmark by leveraging opportunities in innovative companies that demonstrate strong growth potential. The fund’s active management style and frequent trading reflect its commitment to capturing growth in dynamic sectors, making it a significant player in the large growth mutual fund category.
Performance
LGLOX had a total return of 31.14% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.60%.
Top 10 Holdings
46.82% of assets| Name | Symbol | Weight |
|---|---|---|
| NVIDIA Corporation | NVDA | 7.47% |
| Meta Platforms, Inc. | META | 6.49% |
| Amazon.com, Inc. | AMZN | 5.71% |
| Netflix, Inc. | NFLX | 4.81% |
| Microsoft Corporation | MSFT | 4.29% |
| Apple Inc. | AAPL | 4.21% |
| Spotify Technology S.A. | SPOT | 4.05% |
| Fixed Income Clearing Corp - FIXED INC CLEARING CORP.REPO | n/a | 3.82% |
| Alphabet Inc. | GOOGL | 3.13% |
| CyberArk Software Ltd. | CYBR | 2.85% |