LMIYX: Lord Abbett Micro Cap Growth I

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LMIYX Lord Abbett Micro Cap Growth I

  • Fund
  • LMIYX
  • Price as of: Dec 06, 2019
  • $14.96
    + $0.15 + 1.01%

Profile

LMIYX - Profile

Vitals

  • YTD Return 11.3%
  • 3 Yr Annualized Return -0.9%
  • 5 Yr Annualized Return -4.2%
  • Net Assets $129 M
  • Holdings in Top 10 23.1%

52 WEEK LOW AND HIGH

$14.96
$12.25
$17.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.63%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 73.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return 11.3%
  • 3 Yr Annualized Total Return 4.2%
  • 5 Yr Annualized Total Return 2.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -1.43%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Lord Abbett Micro Cap Growth Fund
  • Fund Family Name
    Lord Abbett
  • Inception Date
    Jul 09, 1999
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Matthew R. DeCicco

Fund Description

To pursue its objective, the fund normally invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities of micro-cap companies. For purposes of the policy, the manager defines a micro-cap company 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.


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Categories

Performance

LMIYX - Performance

Return Ranking - Trailing

Period LMIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% -49.8% 453.3% 93.22%
1 Yr 6.7% -55.1% 453.3% 49.25%
3 Yr -0.9%* -45.2% 76.9% 78.07%
5 Yr -4.2%* -32.7% 40.8% 83.51%
10 Yr 1.8%* -12.6% 17.6% 87.25%

* Annualized

Return Ranking - Calendar

Period LMIYX Return Category Return Low Category Return High Rank in Category (%)
2018 -24.5% -67.3% 18.6% 71.99%
2017 19.2% -73.6% 36.1% 28.17%
2016 2.0% -49.0% 133.1% 79.92%
2015 -22.7% -70.7% 8.6% 87.79%
2014 -2.4% -43.5% 76.2% 33.48%

Total Return Ranking - Trailing

Period LMIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 11.3% -49.8% 453.3% 93.22%
1 Yr 6.7% -54.9% 453.3% 57.71%
3 Yr 4.2%* -27.1% 76.9% 69.52%
5 Yr 2.6%* -25.6% 40.8% 71.13%
10 Yr 10.6%* -3.0% 28.4% 56.23%

* Annualized

Total Return Ranking - Calendar

Period LMIYX Return Category Return Low Category Return High Rank in Category (%)
2018 -24.5% -67.1% 18.6% 78.87%
2017 38.5% -5.9% 42.0% 1.51%
2016 2.0% -16.4% 133.1% 87.55%
2015 -6.2% -59.6% 19.3% 58.95%
2014 -0.2% -43.5% 76.2% 57.75%

NAV & Total Return History


Holdings

LMIYX - Holdings

Concentration Analysis

LMIYX Category Low Category High LMIYX % Rank
Net Assets 129 M 3.44 M 25.5 B 76.66%
Number of Holdings 78 27 2025 74.55%
Net Assets in Top 10 29.9 M 369 K 2.45 B 75.20%
Weighting of Top 10 23.10% 5.3% 66.6% 33.06%

Top 10 Holdings

  1. Kornit Digital Ltd 2.73%
  2. Comtech Telecommunications Corp 2.71%
  3. Eidos Therapeutics Inc 2.67%
  4. Inspire Medical Systems Inc 2.32%
  5. Deciphera Pharmaceuticals Inc 2.26%
  6. LGI Homes Inc 2.10%
  7. Endava PLC ADR 2.10%
  8. Federal Signal Corp 2.09%
  9. NAPCO Security Technologies Inc 2.06%
  10. OSI Systems Inc 2.05%

Asset Allocation

Weighting Return Low Return High LMIYX % Rank
Stocks
100.00% 87.30% 103.64% 3.08%
Preferred Stocks
0.00% 0.00% 4.06% 43.60%
Other
0.00% -12.04% 8.33% 48.95%
Convertible Bonds
0.00% 0.00% 0.00% 37.76%
Cash
0.00% -3.64% 16.59% 94.17%
Bonds
0.00% 0.00% 2.16% 39.55%

Stock Sector Breakdown

Weighting Return Low Return High LMIYX % Rank
Healthcare
36.79% 0.13% 42.90% 2.11%
Technology
24.55% 2.71% 75.66% 43.11%
Industrials
13.91% 2.15% 40.13% 81.52%
Consumer Cyclical
9.60% 0.00% 26.97% 84.44%
Financial Services
6.45% -0.42% 23.28% 58.67%
Consumer Defense
4.15% 0.00% 13.60% 53.32%
Communication Services
2.13% 0.00% 12.31% 29.82%
Real Estate
1.46% 0.00% 12.87% 61.59%
Energy
0.46% 0.00% 5.19% 73.10%
Utilities
0.00% 0.00% 7.58% 60.78%
Basic Materials
0.00% 0.00% 9.80% 93.68%

Stock Geographic Breakdown

Weighting Return Low Return High LMIYX % Rank
US
95.98% 80.33% 103.64% 41.00%
Non US
4.02% 0.00% 14.36% 25.77%

Expenses

LMIYX - Expenses

Operational Fees

LMIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.63% 0.06% 11.85% 27.27%
Management Fee 1.50% 0.05% 1.59% 99.35%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.00% 0.70% 11.96%

Sales Fees

LMIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

LMIYX 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.

LMIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 73.00% 6.00% 474.00% 58.24%

Distributions

LMIYX - Distributions

Dividend Yield Analysis

LMIYX Category Low Category High LMIYX % Rank
Dividend Yield 0.00% 0.00% 0.87% 43.60%

Dividend Distribution Analysis

LMIYX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

LMIYX Category Low Category High LMIYX % Rank
Net Income Ratio -1.43% -2.40% 0.96% 90.91%

Capital Gain Distribution Analysis

LMIYX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

LMIYX - Fund Manager Analysis

Managers

Matthew R. DeCicco


Start Date

Tenure

Tenure Rank

Dec 31, 2002

16.93

16.9%

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.

F. Thomas O’Halloran


Start Date

Tenure

Tenure Rank

Mar 01, 2006

13.76

13.8%

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.

Vernon T Bice


Start Date

Tenure

Tenure Rank

Mar 01, 2019

0.75

0.8%

Mr. Vernon T. Bice, Portfolio Manager, who joined Lord Abbett in 2011. Mr. Bice was formerly an Investment Associate at UBS from 2007 to 2011.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 28.34 7.82 2.75