About LMGAX
Lord Abbett Growth Opportunities Fund Class A is an actively managed, U.S. equity mutual fund with a primary goal of achieving long-term capital appreciation. The fund focuses on investing in the stocks of mid-sized American companies, targeting firms poised for above-average growth potential. The portfolio is diversified across multiple sectors, including information technology, communication services, consumer discretionary, and health care, with notable allocations to innovative firms such as Palantir Technologies, Axon Enterprise, and Cloudflare.
While the core strategy emphasizes domestic mid-cap growth stocks, the fund may also allocate up to 10% of its assets to international holdings, including emerging market companies and American depositary receipts, adding a layer of global diversification. The fund typically holds a select basket of securities—69 as of late 2024—and maintains a higher price-to-earnings ratio, reflecting its growth-oriented approach. Lord Abbett Growth Opportunities Fund Class A’s role in the financial market is to provide investors with exposure to dynamic, innovation-driven companies, helping diversify portfolios while capitalizing on potential long-term growth trends.
Fund Family Lord Abbett
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol LMGAX
Share Class Class A
Index Russell MidCap Growth TR
LMGAX had a total return of 3.81% in the past year, including dividends. Since the fund's
inception, the average annual return has been 14.33%.
