About LMGCX
Lord Abbett Growth Opportunities Fund Class C is an actively managed mutual fund that seeks long-term capital appreciation by primarily investing in stocks of mid-sized U.S. companies. The fund employs a growth-oriented strategy, focusing on businesses with the potential for above-average revenue and earnings expansion. It maintains a diversified portfolio, holding approximately 66 securities across various sectors, including information technology, communication services, health care, and consumer discretionary industries. The fund may also allocate up to 10% of its assets to foreign securities, encompassing both developed and emerging markets.
Managed by experienced professionals at Lord Abbett, the fund emphasizes dynamic sectors and innovative companies, with notable holdings such as Palantir Technologies, Axon Enterprise, AppLovin, and Spotify Technology. Its structure targets investors seeking exposure to mid-cap growth equities, which can provide diversification benefits and participate in the evolving trends of the U.S. and global economies. With a history dating back to 1998 and assets under management exceeding $590 million, the fund is a significant offering within the mid-cap growth category.
Fund Family Lord Abbett
Category Mid-Cap Growth
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol LMGCX
Share Class Class C
Index Russell MidCap Growth TR
LMGCX had a total return of 8.03% in the past year, including dividends. Since the fund's
inception, the average annual return has been 9.25%.
