ISIN: IE00BYZRLD33
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Innovation Growth Fund

A part of the Lord Abbett Global Funds.

Class A - (USD) ACC
NAV as of 28/04/2025
$34.38
USD
NAV 1-Day Change as of 28/04/2025
$-0.05
-0.15% USD
Ongoing Charge Figure as of 31/03/2025
1.80%
Total Net Assets as of 31/03/2025
$177.94 M
USD
Important Risks to Consider

Primary Risk: The value of an investment and any income taken from it is not guaranteed and can go down as well as up, you may not get back the amount you originally invested.

Supplementary Fund Risks to Consider: The value of equity securities is subject to changes in the company’s financial condition and overall market and economic conditions. Large-capitalization stocks as a group could fall out of favour with the market, causing the fund to underperform investments in smaller capitalization stocks. In addition, large companies can be slow to respond to market challenges. The Fund may engage in active and frequent trading of its securities, resulting in high portfolio turnover which may result in increased brokerage fees or other transaction costs that are not reflected in the Fund’s annual operating expenses. The use of financial derivative instruments (FDI) may create leverage, leading to greater fluctuations in assets as well as potentially resulting in gains or losses that are greater than the amount originally invested in FDI. Investment in emerging markets may expose the Fund to more social, political, regulatory and currency risks than securities in developed markets. For assets denominated in a currency other than the fund's base currency of  U.S. dollars, changes in currency exchange rates may reduce or increase the returns an investor might expect to receive independent of the performance of such assets. 

Summary
Fund Goal

Fund Facts




Characteristics




Investment Approach

Innovation
Active growth strategy comprised of innovative companies growing revenues substantially faster than the overall market.
Focus on Best Ideas
Concentrated version of the Large Cap Growth strategy, focusing on “best ideas.”
Experienced Investment Team
The team leverages a long history of growth investing across all market capitalizations with the ability to combine fundamental research and technical analysis to manage both opportunity and risk.
Fund Identifiers

ISIN
IE00BYZRLD33

CUSIP
G5642M594

BLOOMBERG
LAUGAAU

SEDOL
BYZRLD3

The Investment Team

Professional Headshot of Thomas O'Halloran

F. Thomas O'Halloran, CFA, J.D.

Partner, Portfolio Manager
38 Years of Experience
Professional Headshot of Vernon Bice

Vernon Bice, CMT

Portfolio Manager
24 Years of Experience
Professional Headshot of Benjamin Ebel

Benjamin Ebel

Senior Managing Director, Portfolio Manager
33 Years of Experience
By The Numbers

Investment Professionals
38

Years Avg. Industry Experience
20
Years of industry experience as of 01/01/2025.
Latest Insights on Innovation Growth Fund
Picture of U.S. Capitol building, where Congress sets U.S. fiscal and tax policy -- U.S. Economy: Debt, Deficits, and the Implications for Investors
Insight
June 28, 2024

U.S. Economy: Debt, Deficits, and the Implications for Investors

The ratio of U.S. government debt outstanding to GDP is expected to exceed 100% in 2024 and move higher thereafter. Here’s what the trend could mean for the markets.
Bridge Tower and Blue Sky+2024 Investment Outlook: Midyear Update
Insight
June 03, 2024

2024 Investment Outlook: Midyear Update

Here is why we have a favorable view on the financial markets in the second half of 2024.
Important Information

The Russell 1000® Index measures the performance of the 1,000 largest companies in the Russell 3000® Index, which represents approximately 90% of the total market capitalization of the Russell 3000® Index. The Russell 1000® Growth Index measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values.