Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
27.5%
1 yr return
27.8%
3 Yr Avg Return
-1.4%
5 Yr Avg Return
N/A
Net Assets
$193 M
Holdings in Top 10
25.1%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 2.12%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 102.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,500
IRA
$1,500
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/20/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
LCMGX - Profile
Distributions
- YTD Total Return 27.5%
- 3 Yr Annualized Total Return -1.4%
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio -2.05%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameLord Abbett Micro-Cap Growth Fund
-
Fund Family NameLORDABBETT
-
Inception DateAug 28, 2020
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerF. O’Halloran
Fund Description
Under normal conditions, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of micro-cap companies. A micro-cap company is defined as a company having a market capitalization at the time of purchase that is under $1 billion or falls within the market capitalization range of companies in the Russell Microcap® Index. The Fund uses fundamental analysis to look for micro-cap companies that appear to have the potential for more rapid growth than the overall economy. The Fund seeks to identify micro-cap companies that generally exhibit faster-than-average gains in earnings and that the portfolio management team expects to continue profit growth at a high level. The Fund evaluates companies based on an analysis of their financial statements, products and operations, market sectors, and interviews with management.
Equity securities in which the Fund may invest include common stocks, preferred stocks, equity interests in trusts (including real estate investment trusts and privately offered trusts), partnerships, joint ventures, limited liability companies and vehicles with similar legal structures, other instruments convertible or exercisable into the foregoing, and other investments with similar economic characteristics.
The Fund may invest up to 10% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts (“ADRs”), and other similar depositary receipts. In addition to ADRs, the Fund generally
defines foreign companies as those whose securities are traded primarily on non-U.S. securities exchanges.
The Fund may engage in active and frequent trading of its portfolio securities.
The investment team may also consider the risks and return potential presented by environmental, social, and governance (“ESG”) factors in investment decisions. The Fund may sell a security when the Fund believes the security is less likely to benefit from the current market and economic environment, or shows signs of deteriorating fundamentals, among other reasons. The Fund may deviate from the investment strategy described above for temporary defensive purposes. The Fund may miss certain investment opportunities if defensive strategies are used and thus may not achieve its investment objective.
LCMGX - Performance
Return Ranking - Trailing
| Period | LCMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.5% | -2.9% | 70.6% | 6.11% |
| 1 Yr | 27.8% | -0.8% | 66.1% | 5.74% |
| 3 Yr | -1.4%* | -15.1% | 60.5% | 60.98% |
| 5 Yr | N/A* | -4.3% | 45.5% | 4.00% |
| 10 Yr | N/A* | 1.3% | 24.7% | 3.22% |
* Annualized
Return Ranking - Calendar
| Period | LCMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.0% | -20.5% | 54.6% | 95.72% |
| 2022 | -29.8% | -82.1% | 32.2% | 51.78% |
| 2021 | 2.7% | -90.6% | 300.1% | 24.91% |
| 2020 | N/A | -63.0% | 127.9% | N/A |
| 2019 | N/A | -7.7% | 42.9% | N/A |
Total Return Ranking - Trailing
| Period | LCMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 27.5% | -2.9% | 70.6% | 6.11% |
| 1 Yr | 27.8% | -0.8% | 66.1% | 5.74% |
| 3 Yr | -1.4%* | -15.1% | 60.5% | 60.98% |
| 5 Yr | N/A* | -4.3% | 45.5% | 3.83% |
| 10 Yr | N/A* | 1.3% | 24.7% | 3.23% |
* Annualized
Total Return Ranking - Calendar
| Period | LCMGX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.0% | -19.0% | 136.8% | 97.21% |
| 2022 | -29.8% | -59.9% | 44.3% | 63.98% |
| 2021 | 25.4% | -22.7% | 411.9% | 6.79% |
| 2020 | N/A | 1.5% | 150.8% | N/A |
| 2019 | N/A | 5.5% | 55.3% | N/A |
NAV & Total Return History
LCMGX - Holdings
Concentration Analysis
| LCMGX | Category Low | Category High | LCMGX % Rank | |
|---|---|---|---|---|
| Net Assets | 193 M | 209 K | 34.3 B | 78.15% |
| Number of Holdings | 71 | 7 | 1226 | 75.93% |
| Net Assets in Top 10 | 48.2 M | 53.8 K | 3.02 B | 78.70% |
| Weighting of Top 10 | 25.12% | 7.5% | 100.0% | 40.63% |
Top 10 Holdings
- Green Brick Partners Inc 2.92%
- UFP Technologies Inc 2.89%
- Vital Farms Inc 2.60%
- Longboard Pharmaceuticals Inc 2.59%
- VSE Corp 2.51%
- Twist Bioscience Corp 2.51%
- Alkami Technology Inc 2.44%
- Agilysys Inc 2.38%
- Zeta Global Holdings Corp 2.15%
- Blue Bird Corp 2.14%
Asset Allocation
| Weighting | Return Low | Return High | LCMGX % Rank | |
|---|---|---|---|---|
| Stocks | 99.20% | 92.05% | 107.62% | 26.85% |
| Other | 0.91% | -0.26% | 6.70% | 15.56% |
| Preferred Stocks | 0.00% | 0.00% | 4.59% | 82.04% |
| Convertible Bonds | 0.00% | 0.00% | 1.57% | 79.81% |
| Cash | 0.00% | 0.00% | 28.78% | 98.89% |
| Bonds | 0.00% | 0.00% | 2.40% | 80.37% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | LCMGX % Rank | |
|---|---|---|---|---|
| Healthcare | 26.49% | 0.00% | 47.90% | 16.11% |
| Technology | 25.49% | 2.91% | 75.51% | 48.89% |
| Industrials | 18.26% | 0.00% | 36.64% | 37.59% |
| Consumer Cyclical | 12.12% | 0.00% | 24.04% | 53.15% |
| Financial Services | 6.39% | 0.00% | 42.95% | 56.85% |
| Communication Services | 6.22% | 0.00% | 15.31% | 2.41% |
| Consumer Defense | 5.02% | 0.00% | 13.56% | 26.30% |
| Utilities | 0.00% | 0.00% | 5.57% | 85.37% |
| Real Estate | 0.00% | 0.00% | 15.31% | 94.26% |
| Energy | 0.00% | 0.00% | 55.49% | 94.81% |
| Basic Materials | 0.00% | 0.00% | 9.24% | 96.48% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | LCMGX % Rank | |
|---|---|---|---|---|
| US | 99.20% | 17.30% | 107.62% | 22.59% |
| Non US | 0.00% | 0.00% | 77.12% | 83.70% |
LCMGX - Expenses
Operational Fees
| LCMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 2.12% | 0.05% | 23.20% | 8.72% |
| Management Fee | 0.90% | 0.05% | 1.62% | 80.15% |
| 12b-1 Fee | 1.00% | 0.00% | 1.00% | 97.29% |
| Administrative Fee | 0.04% | 0.01% | 0.40% | 24.61% |
Sales Fees
| LCMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 3.50% | 5.75% | N/A |
| Deferred Load | 1.00% | 1.00% | 5.00% | 81.36% |
Trading Fees
| LCMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| LCMGX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 102.00% | 3.00% | 264.00% | 79.70% |
LCMGX - Distributions
Dividend Yield Analysis
| LCMGX | Category Low | Category High | LCMGX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 6.91% | 85.19% |
Dividend Distribution Analysis
| LCMGX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annual | Annual | Annual |
Net Income Ratio Analysis
| LCMGX | Category Low | Category High | LCMGX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -2.05% | -2.47% | 1.10% | 99.81% |
Capital Gain Distribution Analysis
| LCMGX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Semi-Annually | Annually |
LCMGX - Fund Manager Analysis
Managers
F. O’Halloran
Start Date
Tenure
Tenure Rank
Mar 01, 2006
16.26
16.3%
F. Thomas O’Halloran, J.D., CFA, Partner & Director Mr. O'Halloran is the lead portfolio manager of the small cap growth, micro cap growth, and growth equity strategies. Mr. O'Halloran joined Lord Abbett in 2001 as a research analyst for the small cap growth equity strategy and was named Partner in 2003. His prior experience includes Executive Director/Senior Research Analyst at Dillon, Read & Co. and as a trial attorney. Mr. O'Halloran received an AB from Bowdoin College, a JD from Boston College, and an MBA from Columbia University. He is a holder of a Chartered Financial Analyst designation and has been in the investment business since 1987.
Matthew DeCicco
Start Date
Tenure
Tenure Rank
Mar 01, 2013
9.25
9.3%
Mr. DeCicco is a holder of a Chartered Financial Analyst designation and joined Lord Abbett in 1999. He has been a member of the team since 2002 and assumed Portfolio Manager in 2015.
Vernon Bice
Start Date
Tenure
Tenure Rank
Mar 01, 2019
3.25
3.3%
Vernon T. Bice, CMTis a Portfolio Manager of Lord Abbett. He is responsible for contributing to the management for the firm’s micro cap growth, small cap growth, and growth equity strategies. He plays a key role in technical analysis, drawing on his deep experience to provide insights to the portfolio management team. Mr. Bice joined Lord Abbett in 2011. He has worked in the financial services industry since 2001.
Steven Wortman
Start Date
Tenure
Tenure Rank
Sep 14, 2020
1.71
1.7%
Steven H. Wortman, Portfolio Manager, who joined Lord Abbett in 2016.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.08 | 30.44 | 9.17 | 5.25 |