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LMIYX Lord Abbett Micro Cap Growth I

  • Fund
  • LMIYX
  • Price as of: May 22, 2019
  • $16.71 - $0.10 - 0.60%
  • Category
  • Micro Cap Equities

LMIYX - Profile

Vitals

  • YTD Return 24.3%
  • 3 Yr Annualized Return 9.3%
  • 5 Yr Annualized Return -1.2%
  • Net Assets $137 M
  • Holdings in Top 10 25.9%

52 WEEK LOW AND HIGH

$16.71
$12.25
$24.35

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

Investment Themes

CATEGORY

Micro Cap Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Small Growth

Distributions

  • YTD Total Return 25.1%
  • 3 Yr Annualized Total Return 15.2%
  • 5 Yr Annualized Total Return 6.4%
  • 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.

LMIYX - Performance

Return Ranking - Trailing

Period LMIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 24.3% 6.1% 25.2% 9.09%
1 Yr -17.8% -41.2% 26.7% 54.55%
3 Yr 9.3%* -13.5% 24.8% 13.95%
5 Yr -1.2%* -11.6% 9.7% 48.84%
10 Yr 5.1%* -1.0% 12.5% 61.90%

* Annualized


Return Ranking - Calendar

Period LMIYX Return Category Return Low Category Return High Rank in Category (%)
2018 -24.5% -39.3% 10.5% 60.47%
2017 19.2% -17.6% 28.9% 11.63%
2016 2.0% -10.7% 33.0% 79.07%
2015 -22.7% -30.4% 3.3% 88.37%
2014 -2.4% -24.9% 301.5% 27.91%

Total Return Ranking - Trailing

Period LMIYX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.1% 6.1% 25.2% 9.09%
1 Yr -17.3% -41.2% 26.7% 77.27%
3 Yr 15.2%* -9.0% 25.2% 11.63%
5 Yr 6.4%* -10.0% 10.4% 27.91%
10 Yr 14.2%* -1.0% 17.1% 28.57%

* Annualized


Total Return Ranking - Calendar

Period LMIYX Return Category Return Low Category Return High Rank in Category (%)
2018 -24.5% -32.2% 10.5% 83.72%
2017 38.5% -17.6% 38.5% 2.33%
2016 2.0% -10.7% 33.0% 93.02%
2015 -6.2% -26.1% 6.4% 53.49%
2014 -0.2% -17.4% 344.6% 46.51%

NAV & Total Return History

LMIYX - Holdings

Concentration Analysis

LMIYX Category Low Category High LMIYX % Rank
Net Assets 137 M 3.82 M 6.64 B 36.36%
Number of Holdings 80 35 1726 65.91%
Net Assets in Top 10 38.2 M 465 K 264 M 18.18%
Weighting of Top 10 25.92% 4.1% 51.2% 25.00%

Top 10 Holdings

  1. YETI Holdings Inc 3.23%

  2. Everbridge Inc 3.09%

  3. Tandem Diabetes Care Inc 2.73%

  4. CareDx Inc 2.69%

  5. Glaukos Corp 2.61%

  6. Myovant Sciences Ltd 2.43%

  7. Malibu Boats Inc Class A 2.38%

  8. Mirati Therapeutics Inc 2.31%

  9. eHealth Inc 2.23%

  10. Inspire Medical Systems Inc 2.22%


Asset Allocation

Weighting Return Low Return High LMIYX % Rank
Stocks
100.00% 79.92% 100.57% 6.82%
Preferred Stocks
0.00% 0.00% 2.98% 15.91%
Other
0.00% -0.58% 0.61% 18.18%
Convertible Bonds
0.00% 0.00% 0.05% 13.64%
Cash
0.00% -0.14% 16.23% 93.18%
Bonds
0.00% 0.00% 0.30% 13.64%

Stock Sector Breakdown

Weighting Return Low Return High LMIYX % Rank
Healthcare
43.84% 0.77% 41.62% 9.09%
Technology
25.70% 3.94% 43.71% 20.45%
Consumer Cyclical
9.61% 1.92% 47.95% 63.64%
Industrials
8.92% 1.42% 32.03% 77.27%
Financial Services
6.13% 0.00% 34.28% 61.36%
Consumer Defense
2.54% 0.00% 12.24% 56.82%
Energy
2.35% 0.00% 9.34% 75.00%
Communication Services
0.90% 0.00% 3.48% 40.91%
Utilities
0.00% 0.00% 4.76% 40.91%
Real Estate
0.00% 0.00% 9.95% 59.09%
Basic Materials
0.00% 0.00% 12.81% 90.91%

Stock Geographic Breakdown

Weighting Return Low Return High LMIYX % Rank
US
96.46% 72.46% 99.05% 34.09%
Non US
3.54% 0.00% 18.95% 34.09%

LMIYX - Expenses

Operational Fees

LMIYX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.63% 0.52% 3.74% 54.55%
Management Fee 1.50% 0.50% 1.50% 93.18%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.04% 0.04% 0.47% 2.94%

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% 1.00% 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

Turnover 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% 4.08% 156.00% 86.36%

LMIYX - Distributions

Dividend Yield Analysis

LMIYX Category Low Category High LMIYX % Rank
Dividend Yield 0.00% 0.00% 0.01% 25.00%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

LMIYX Category Low Category High LMIYX % Rank
Net Income Ratio -1.43% -2.31% 0.74% 81.82%

Capital Gain Distribution Analysis

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

LMIYX - Managers

Matthew R. DeCicco

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2002

16.34

16.3%

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.


F. Thomas O’Halloran

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2006

13.17

13.2%

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

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2019

0.16

0.2%

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

0.16

Category High

24.85

Category Average

7.61

Category Mode

6.08