Growth Leaders Fund

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Daily price w/o sales charge as of 05/01/2025

$36.69

$0.45

YTD Returns w/o sales charge as of 05/01/2025

-8.73%

Please click here for performance current to the most recent quarter-end and month-end.

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Summary

What is the Growth Leaders Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.

Fund Basicsas of 03/31/2025

Total Net Assets: $5.94 B
Inception Date: 06/30/2011
Dividend Frequency: Annually
Fund Gross Expense Ratio: 1.65%
Fund Net Expense Ratio: 1.65%
Number of Holdings: 47
Minimum Initial Investment: $1,500+

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/30/2011

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/30/2011
w/o sales charge	-9.85%	17.09%	11.49%	13.50%	13.25%	13.34%
Lipper Category Avg. Multi-Cap Growth Funds	-10000.0%	-10000.0%	-10000.0%	-10000.0%	-10000.0%	-10000.0%
Russell 1000® Growth Index	-8.47%	14.41%	15.56%	17.20%	15.25%	15.35%
w/ sales charge	-10.75%	16.09%	11.49%	13.50%	13.25%	13.34%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/30/2011

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/30/2011
w/o sales charge	-13.81%	5.32%	4.52%	15.82%	12.51%	13.06%
Lipper Category Avg. Multi-Cap Growth Funds	-8.61%	4.14%	5.33%	15.01%	10.84%	-10000.0%
Russell 1000® Growth Index	-10.00%	7.72%	10.09%	20.08%	15.12%	15.31%
w/ sales charge	-14.67%	4.32%	4.52%	15.82%	12.51%	13.06%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Past performance is not a reliable indicator or guarantee of future results. Current performance may be higher or lower than the performance data quoted. Returns shown include the reinvestment of all distributions. Returns shown at net asset value do not reflect the current maximum sales charge, had the sales charge been included, returns would have been lower. The investment return and principal value of an investment will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than the original cost.

TEN LARGEST HOLDINGS as of 03/31/2025View Portfolio

Holding	Assets
NVIDIA Corp	7.8%
Meta Platforms Inc	7.1%
Amazon.com Inc	6.2%
Apple Inc	4.6%
Netflix Inc	4.1%
Spotify Technology SA	3.8%
Alphabet Inc	3.2%
CyberArk Software Ltd	2.9%
Microsoft Corp	2.6%
Natera Inc	2.6%

Aggregate holdings are updated monthly, 30 days after month end. Aggregate holdings are presented to illustrate examples of the securities that the Fund has bought and the diversity of the areas in which the Fund may invest, and may not be representative of the Fund's current or future investments. The figures presented are as of the date shown and may change at any time.

Sector Allocationas of 03/31/2025View Portfolio

Sector	Weighting

Sector	Weighting
Communication Services
Real Estate
Utilities
Consumer Discretionary
Consumer Staples
Energy
Financials
Health Care
Industrials
Information Technology
Materials

INVESTMENT TEAM

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

Partner, Portfolio Manager

38 Years of Industry Experience

Vernon Bice, CMT

Portfolio Manager

24 Years of Industry Experience

Matthew R. DeCicco, CFA

Partner & Director of Equities

23 Years of Industry Experience

Benjamin Ebel

Senior Managing Director, Portfolio Manager

33 Years of Industry Experience

Supported By 38 Investment Professionals with 20 Years Avg. Industry Experience

Your Representative

To contact your representative, enter your zip code and select your channel below.

Performance

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/30/2011

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/30/2011
w/o sales charge	-9.85%	17.09%	11.49%	13.50%	13.25%	13.34%
Lipper Category Avg. Multi-Cap Growth Funds	-10000.0%	-10000.0%	-10000.0%	-10000.0%	-10000.0%	-10000.0%
Russell 1000® Growth Index	-8.47%	14.41%	15.56%	17.20%	15.25%	15.35%
w/ sales charge	-10.75%	16.09%	11.49%	13.50%	13.25%	13.34%

Performance data for the Lipper Category Average and for the Index is shown as soon as it becomes available.

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/30/2011

	YTD	1-YR	3-YR	5-YR	10-YR	Since Inception 06/30/2011
w/o sales charge	-13.81%	5.32%	4.52%	15.82%	12.51%	13.06%
Lipper Category Avg. Multi-Cap Growth Funds	-8.61%	4.14%	5.33%	15.01%	10.84%	-10000.0%
Russell 1000® Growth Index	-10.00%	7.72%	10.09%	20.08%	15.12%	15.31%
w/ sales charge	-14.67%	4.32%	4.52%	15.82%	12.51%	13.06%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Year	Fund Returns	Russell 1000® Growth Index

Year	Fund Returns	Russell 1000® Growth Index
2024	43.52%	33.36%
2023	31.94%	42.68%
2022	-39.33%	-29.14%
2021	7.87%	27.60%
2020	75.70%	38.49%
2019	33.75%	36.39%
2018	-1.69%	-1.51%
2017	30.23%	30.21%
2016	-0.14%	7.08%
2015	5.87%	5.67%
2014	9.33%	-10000.0%
2013	45.75%	-10000.0%
2012	9.35%	-10000.0%

Year	Q1	Q2	Q3	Q4

Year	Q1	Q2	Q3	Q4
2025	-13.81%	-10000.0%	-10000.0%	-10000.0%
2024	17.46%	5.38%	2.48%	13.14%
2023	9.70%	10.95%	-4.88%	13.95%
2022	-13.26%	-23.59%	-3.67%	-4.97%
2021	-4.06%	6.31%	1.29%	4.42%
2020	-9.95%	39.85%	18.65%	17.58%
2019	20.54%	6.09%	-6.11%	11.39%
2018	4.39%	6.74%	10.79%	-20.36%
2017	7.78%	5.94%	6.29%	7.30%
2016	-4.09%	0.48%	5.87%	-2.12%
2015	4.55%	0.98%	-6.33%	7.06%
2014	1.91%	3.38%	-0.20%	3.97%
2013	11.17%	7.05%	13.01%	8.38%
2012	15.25%	-6.00%	3.68%	-2.65%

Performance is shown for each quarter and each calendar year. Past performance is no guarantee of future results.

NAV HISTORICAL PRICES

Date	Net Asset Value

Portfolio

Holding	Sector	Assets

Holding	Sector	Assets
NVIDIA Corp	Information Technology	7.8%
Meta Platforms Inc	Communication Services	7.1%
Amazon.com Inc	Consumer Discretionary	6.2%
Apple Inc	Information Technology	4.6%
Netflix Inc	Communication Services	4.1%
Spotify Technology SA	Communication Services	3.8%
Alphabet Inc	Communication Services	3.2%
CyberArk Software Ltd	Information Technology	2.9%
Microsoft Corp	Information Technology	2.6%
Natera Inc	Health Care	2.6%

Holding	Sector	Assets

Holding	Sector	Assets
NVIDIA Corp	Information Technology	7.8%
Meta Platforms Inc	Communication Services	7.1%
Amazon.com Inc	Consumer Discretionary	6.2%
Apple Inc	Information Technology	4.6%
Netflix Inc	Communication Services	4.1%
Spotify Technology SA	Communication Services	3.8%
Alphabet Inc	Communication Services	3.2%
CyberArk Software Ltd	Information Technology	2.9%
Microsoft Corp	Information Technology	2.6%
Natera Inc	Health Care	2.6%
Intuitive Surgical Inc	Health Care	2.5%
Axon Enterprise Inc	Industrials	2.4%
Argenx SE	Health Care	2.4%
MercadoLibre Inc	Consumer Discretionary	2.2%
Shopify Inc	Information Technology	2.2%
Boston Scientific Corp	Health Care	2.1%
DoorDash Inc	Consumer Discretionary	2.1%
Palantir Technologies Inc	Information Technology	2.0%
Carvana Co	Consumer Discretionary	1.9%
ServiceNow Inc	Information Technology	1.8%
HubSpot Inc	Information Technology	1.6%
Toast Inc	Financials	1.6%
Broadcom Inc	Information Technology	1.5%
Crowdstrike Holdings Inc	Information Technology	1.5%
Reddit Inc	Communication Services	1.5%
General Electric Co	Industrials	1.4%
Cloudflare Inc	Information Technology	1.4%
Guidewire Software Inc	Information Technology	1.4%
Atlassian Corp	Information Technology	1.4%
Arista Networks Inc	Information Technology	1.3%
Costco Wholesale Corp	Consumer Staples	1.2%
Sea Ltd	Communication Services	1.2%
Alibaba Group Holding Ltd	Consumer Discretionary	1.2%
TransDigm Group Inc	Industrials	1.2%
AppLovin Corp	Information Technology	1.1%
Oracle Corp	Information Technology	1.1%
EMCOR Group Inc	Industrials	1.0%
Wix.com Ltd	Information Technology	1.0%
Ares Management Corp	Financials	1.0%
Samsara Inc	Information Technology	1.0%
Robinhood Markets Inc	Financials	0.9%
Taiwan Semiconductor Manufacturing Co Ltd	Information Technology	0.9%
Affirm Holdings Inc	Financials	0.8%
Insmed Inc	Health Care	0.8%
Eli Lilly & Co	Health Care	0.8%
Astera Labs Inc	Information Technology	0.6%
Vertiv Holdings Co	Industrials	0.4%

Sector Allocationas of 03/31/2025

Sector	Weighting	Fund Change from Previous Quarter

Sector	Weighting	Fund Change from Previous Quarter
Communication Services		3.6%
Real Estate		0.0%
Utilities		0.0%
Consumer Discretionary		1.2%
Consumer Staples		0.2%
Energy		0.0%
Financials		2.1%
Health Care		2.4%
Industrials		1.6%
Information Technology		6.8%
Materials		0.0%

Portfolio Positioning as of 09/30/2024

Our view is that the pressure on stock market valuations from the post-pandemic inflation surge is receding, which is allowing the Fed to begin cutting rates, while economic growth continues to meander ahead. Although economic growth and inflation are decelerating, we believe that a backdrop of strong employment, higher real wages, and continued fiscal spending will allow for a stable economy and a low probability of a severe recession.
Thus far in 2024, many areas of the U.S. economy are seeing differentiated growth and operating momentum relative to the broader market, creating a large dispersion in stock performance. The “Magnificent 7” from 2023 has given way to a broader set of secular winners across and within industries. We continue to focus on these companies, as we believe their expanding markets, combined with market-share gains, pricing power, and efficiency-driven margin expansion, support above average revenue and earnings growth relative to peers and the broader market. We are also optimistic that smaller capitalized stocks can begin to outperform at some point soon after a long period of underperformance.
We are currently finding ample opportunities across the market cap spectrum in many of our favorite areas as they appear ready to re-accelerate their growth in 2024 and beyond. These include, but are not limited to, cloud computing, the emergence of generative artificial intelligence, revolutionary advances in medical treatments, an industrial infrastructure reinvestment cycle driven by datacenter, electric grid, and supply chain reshoring, and a continuation of innovation in our consumer society.

PORTFOLIO DETAILS as of 03/31/2025

Total Net Assets: $5.94 B
Number of Holdings: 47
Weighted Average Market Cap.: 861.6 B
P/B Ratio: 11.9x
P/E Ratio: 41.9x

To view definitions for the above Portfolio Details, Click here.

Market Capitalization Breakdown - Morningstar separates stock portfolio holdings into five market-capitalization groups: Giant, Large, Mid, Small, and Micro. Of the 5000 largest domestic stocks in their equities database, the top 1% are categorized as Giant, the next 4% are Large, the next 15% are Mid, the next 30% are Small, and the remaining 50% are Micro. Stocks outside of the largest 5000 are also classified as Micro.

Weighted Average Market Cap - The average market capitalization of all companies held in the portfolio with each company weighted according to its percent held in the portfolio. The result is based upon a weighted average of the securities held in the fund.

P/B Ratio - A ratio that helps determine whether a stock is undervalued or overvalued. It is calculated by dividing a stock's price per share by its book value per share. The result is based upon a weighted average of the securities held in the fund.

P/E Ratio - Is the weighted average of each holding's P/E ratio (price of a stock divided by its earnings per share). The result is based upon a weighted average of the securities held in the fund.

Portfolio Turnover - This is a measure of the Fund’s trading activity which is computed by taking the lesser of purchases or sales divided by average monthly market value, excluding short-term investments. The resulting percentage represents the percentage of the portfolio’s holdings that have changed over the past year.

Dividends & Cap Gains

Dividend Payments

For

YTD Dividends Paidas of 05/01/2025: $0
Dividend Frequency: Annually

Record Date	Ex-Dividend Date	Reinvest & Payable Date	Dividend	Reinvest Price
12/27/2012	12/28/2012	12/28/2012	$0.03120	$15.03
11/19/2012	11/20/2012	11/20/2012	$0.00000	$14.84

Upcoming Dividend Payment Dates

This section lists all anticipated income and Capital Gain distribution dates and any actual distributions are subject to adequacy of earnings and must be approved by the Board of Directors/Trustees. Please note that dates are subject to change.

Record Date	Ex-Dividend Date	Reinvest & Payable Date
12/01/2025	12/02/2025	12/02/2025

Capital Gains Distributions

For

Record Date	Reinvest & Payable Date	Long-term	Short-term *	Total	Reinvest Price
11/22/2021	11/23/2021	$6.5143	$3.4867	$10.0010	$37.19

Taxed as ordinary income

Lord Abbett does not provide tax advice. It is strongly recommended that you discuss the impact of dividends and distributions with your tax advisor.

Fees & Expenses

EXPENSE RATIOas of 03/31/2025

Fund Gross Expense Ratio	1.65%
Fund Net Expense Ratio	1.65%

Fund Documents

0Documents selected
Portfolio Holdings 1Q Publish Date:11/03/2015
Portfolio Holdings 3Q Publish Date:11/03/2015
Summary Prospectus Publish Date:11/03/2015
Statutory Prospectus Publish Date:11/03/2015
SAI Publish Date:11/03/2015
Annual Financial Statements and Other Information * Publish Date:11/03/2015
Annual Tailored Shareholder Report Publish Date:11/03/2015
Semi-Annual Financial Statements and Other Information * Publish Date:11/03/2015
Fact Sheet Publish Date:11/03/2015
Fund Story Publish Date:11/03/2015

* includes items 7-11 of form N-CSR as required, if any.

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Minimum initial investment varies depending on the class of shares you buy and the type of account. IRAs, SIMPLEs, and SEP accounts with payroll deductions have no minimums. Please see Fund prospectuses for additional information.

IMPORTANT INFORMATION

A Note about Risk: The value of investments in equity securities will fluctuate in response to general economic conditions and to changes in the prospects of particular companies, including market, liquidity, currency, and political risks. Mid and small cap company stocks tend to be more volatile and may be less liquid than large cap company stocks. Mid and small cap companies also may have more limited product lines, markets, or financial resources and typically experience a higher risk of failure than large companies. However, larger companies may have slower rates of growth than smaller successful companies. Investments in growth companies can be more sensitive to the company's earnings and more volatile than the stock market in general. The Fund engages in active and frequent trading of its securities, which may result in increased transaction fees, reduced investment performance, and higher taxes. These factors can adversely affect Fund performance.

Performance data quoted is historical. Past performance is not indicative of future results. Current performance may be higher or lower than the performance quoted. The investment return and principal value of an investment in the Fund will fluctuate so that shares, on any given day or when redeemed, may be worth more or less than their original cost. To obtain performance data current to the most recent quarter-end, go to quarter ending performance on our Website or call Lord Abbett at (888) 522-2388.

CUSIP identifiers have been provided by CUSIP Global Services, managed on behalf of the American Bankers Association by Standard & Poor’s Financial Services, LLC, and are not for use or dissemination in a manner that would serve as a substitute for any CUSIP service. The CUSIP Database, © 2011 American Bankers Association. “CUSIP” is a registered trademark of the American Bankers Association.

With Sales Charge - Returns with sales charges reflect applicable fees and expenses and include all distributions reinvested.

Without Sales Charge - Returns shown are without sales charges and have all distributions reinvested. If a sales charge had been deducted, the results would have been lower.

Returns shown at less than a year reflect aggregate total returns.

Double-Digit Returns - instances of high double-digit returns were achieved primarily during favorable market conditions and may not be sustainable over time.

Indexes reflect total return, unless otherwise specified, with all dividends reinvested. Indexes are unmanaged, do not reflect the deduction of fees or expenses, and are not available for direct investment.

Lipper Category Average - Peer group averages are based on universes of funds with the same investment objectives. The average return for the peer group is based on the returns of each individual fund within the group for the period shown. This average assumes reinvestment of dividends.

The Fund's portfolio is actively managed and portfolio characteristics, such as individual holdings and sector weightings may change significantly over time. The portfolio data is for information only. It does not constitute a recommendation or an offer for a particular security or fund, nor should it be taken as a solicitation or recommendation to buy or sell securities or other investments.

Dividends and Capital Gains: The information presented in this section is intended for general information and is not intended to be relied upon and should not be relied upon, as financial, legal or tax advice for any particular investor. We strongly recommend that you contact your financial, legal or tax advisor regarding your particular tax situation.

The information presented in this section is not written or intended to be used, and cannot be used, for the purpose of avoiding any tax liabilities or penalties.

About Barron's Best Fund Families
Source: Barron's, "Best Fund Families of 2024." February 27, 2025. Used with permission. ©2025 Dow Jones & Company, Inc.

The 2024 Barron’s Best Fund Families List ranks the active management ability of qualifying companies. Rankings are based on the asset-weighted one-year returns as of 12/31/24, excluding 12b-1 fees and sales loads, of a company’s actively managed fund line up in five asset class categories: US Equity, World Equity, Mixed Asset, Taxable Bond, and Tax-Exempt Bond as determined by Barron’s. Overall ranking based on aggregate, weighted score across the five asset categories. Performance data from Refinitiv Lipper.

Past performance does not guarantee future results. Lord Abbett ranked overall #1 of 48, #6 of 46, and #23 of 46 for the 1- ,5-, and 10-year periods respectively. Lord Abbett ranked #1 of 48 in US Equity, #2 of 48 in Mixed Asset, #2 of 48 in Taxable Bond, and #5 of 48 in Tax-Exempt Bond.

How We Ranked the Fund Families
In ranking mutual and exchange-traded funds, our aim is to measure manager skill, independent of expenses beyond annual management fees. That is why we calculate returns before any 12b-1 fees are deducted. Similarly, fund loads, or sales charges, aren’t included in our calculation of returns.

Each fund’s performance is measured against all of the other funds in its LSEG Lipper category, with a percentile ranking of 100 being the highest and one the lowest. This result is then weighted by asset size relative to the fund family’s other assets in its general classification. If a family’s biggest funds do well, that boosts its overall ranking, and vice versa.

To be included in the ranking, a firm must have at least three funds in the general equity category, one in world equity, one in mixed equity such as a balanced or target-date fund, two taxable bond funds, and one national tax-exempt bond fund.

Single-sector and country equity funds are factored into the rankings as general equity. We exclude all index funds, but include actively managed ETFs and so-called smart-beta ETFs, which are passively managed but created from active strategies.

Finally, the score is multiplied by the weighting of its general classification, as determined by the Lipper universe of funds. The category weightings for 2024 were general equity, 39.1%; mixed asset, 21.6%; world equity, 15.3%; taxable bond,20.1%; and tax-exempt bond, 3.9%.

The category weightings for the five-year results were general equity, 39%; mixed asset, 21.7%; world equity, 15.3%; taxable bond, 19.9%; and tax-exempt bond, 4%.For the 10-year list, they were general equity, 40%; mixed asset, 22.1%; world equity, 14.8%; taxable bond, 19.2%; and tax[1]exempt bond, 3.9%. The weightings may not total 100 due to rounding.

How the scoring works: Say a fund in the general U.S. equity category has $500million in assets, accounting for half of the firm’s assets in that category, and its performance lands it in the 75th percentile for the category. The first calculation would be 75 times 0.5, which comes to 37.5. That score is then multiplied by 39.1%, general equity’s overall weighting in Lipper’s universe. So, it would be 37.5 times0.391, which equals 14.66. Similar calculations are done for each fund in our study; then the numbers are added for each category and overall. The shop with the highest total score wins. The same process is repeated to determine the five- and 10-year rankings.

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Summary

Summary

What is the Growth Leaders Fund?

The Fund seeks to deliver long-term growth of capital by investing primarily in stocks of U.S. companies.

Fund Basicsas of 03/31/2025

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

TEN LARGEST HOLDINGS as of 03/31/2025View Portfolio

Sector Allocationas of 03/31/2025View Portfolio

INVESTMENT TEAM

Your Representative

Performance

Performance

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

Fund Expense Ratio :

Gross 1.65%

Net 1.65%

NAV HISTORICAL PRICES

Portfolio

Portfolio

Sector Allocationas of 03/31/2025

Portfolio Positioning as of 09/30/2024

PORTFOLIO DETAILS as of 03/31/2025

Dividends & Cap Gains

Dividends & Cap Gains

Dividend Payments

Upcoming Dividend Payment Dates

Capital Gains Distributions

Fees & Expenses

Fees & Expenses

EXPENSE RATIOas of 03/31/2025

Fund Documents

Fund Documents

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