Lord Abbett Developing Growth Fund Class F3 (LOGWX)
| Fund Assets | 1.84B |
| Expense Ratio | 0.59% |
| Min. Investment | $1,000 |
| Turnover | 122.00% |
| Dividend (ttm) | 0.06 |
| Dividend Yield | 0.21% |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | Nov 26, 2024 |
| Previous Close | 29.50 |
| YTD Return | -1.40% |
| 1-Year Return | 7.92% |
| 5-Year Return | 25.13% |
| 52-Week Low | 22.35 |
| 52-Week High | 32.89 |
| Beta (5Y) | n/a |
| Holdings | 84 |
| Inception Date | Apr 4, 2017 |
About LOGWX
The Lord Abbett Developing Growth Fund Inc. Class F3 is a mutual fund focused on delivering long-term capital growth through investments primarily in stocks of small U.S. companies. The fund targets businesses that the management team believes possess above-average, long-term growth potential, with an emphasis on the small-cap growth segment of the equity market. With total net assets around $1.84 billion and a portfolio diversified across approximately 85 holdings, the fund spans sectors such as information technology, health care, consumer discretionary, and industrials. Notable portfolio positions include companies like CyberArk Software Ltd, Comfort Systems USA Inc, and Astera Labs Inc. The fund maintains a competitive annual net expense ratio of 0.59% and distributes dividends annually. Designed for investors seeking exposure to innovative, early-stage public companies, the fund plays a distinctive role in facilitating capital to small-cap enterprises while offering diversification within the growth equities sphere.
Performance
LOGWX had a total return of 7.92% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.27%.
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 | $0.0606 | 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 |