LORD ABBETT AFFILIATED FUND
LORD ABBETT DEVELOPING GROWTH FUND
LORD ABBETT MID CAP STOCK FUND
LORD ABBETT RESEARCH FUND
Lord Abbett Dividend Growth Fund
Lord Abbett Growth
Opportunities Fund
Lord Abbett Small Cap Value Fund
LORD ABBETT SECURITIES TRUST
Lord Abbett Focused Growth Fund
Lord Abbett Fundamental Equity Fund
Lord Abbett Growth Leaders Fund
Lord Abbett Micro Cap Growth Fund
Lord Abbett Value Opportunities Fund
LORD ABBETT SERIES FUND
Lord Abbett Developing Growth Portfolio
Lord Abbett Dividend Growth Portfolio
Lord Abbett Fundamental Equity Portfolio
Lord Abbett Growth and Income Portfolio
Lord Abbett Growth Opportunities Portfolio
Lord Abbett Mid Cap Stock Port
folio
Supplement dated
February
10
,
2025
to
all currently effective
Summary
Prospectus
es
and
Prospectus
es
for the aforementioned Funds
Effective
February
10
,
2025,
the Principal Investment Strategies for each Fund listed above will be revised as follows
.
Please review this important
information
carefully.
The
first
sentence
of
the fourth paragraph under
the
section
titled
“More Information About the Funds
–
Principal Investment Strategies”
relating to
the
Lord Abbett Fundamental Equity Fund
,
Lord Abbett
Fundamental Equity Portfolio, and
Lord Abbett Mic
r
o Cap Growth Fund
will
be
replaced
with
the
following:
The Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market
companies,
ADRs, Global Depositary Receip
ts (“GDRs”), and other similar depositary receipts.
The
first
sentence
of
the
third
paragraph
under
the
section
titled
“More Information About the Funds
–
Principal Investment Strategies”
for
each
of the remaining
Fund’s
will
be
replaced
with
the
following:
The Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market
companies,
ADRs, Global Depositary Receipts (“GDRs”), and other similar depositary receipts.
Corresponding changes will be made in the
Fund Summary section for each Fund.
Capitalized terms used in this Supplement shall, unless otherwise defined herein, have the same meaning as given
in the Prospectus.
Please retain this document for your future reference.
THE LORD ABBETT FAMILY OF FUNDS
1
Supplement date
d
January 13
,
202
5
to the Prospectuses
Effective
January 13, 2025
:
The following
replaces, in its entirety, the
section
titled
“
Appendix A:
Intermediary
-
Specific Sales Charge Policies and Waivers
---
STIFEL, NICOLAUS & COMPANY, Incorporated and its broker
-
dealer
affiliates (“Stifel”)
”
in each Fund’s prospectus
:
STIFEL
Effective
January 13, 2025
,
shareholders purchasing or holding
F
und
shares,
including existing
F
und
shareholders, through a Stifel or
affiliated platform that
provides trade execution, clearance, and/or custody services, will be eligible for the
following sales charge load waivers (including front
-
end sales charge waivers and
contingent deferred, or back
-
end, (CDSC) sales charge waivers)
and discounts,
which may differ from those disclosed elsewhere in this prospectus or the Fund’s
SAI.
CLASS A SHARES
As described elsewhere in this prospectus, Stifel may receive compensation out of
the front
-
end sales charge if you purchase Class A
shares through Stifel.
Rights of accumulation
Rights of accumulation (ROA) that entitle shareholders to breakpoint discounts on
front
-
end sales charges will be calculated by Stifel based on the aggregated holding
of eligible assets in the
Lord Abbett Fam
ily of Funds
h
eld by accounts within the
purchaser’s household at Stifel. Ineligible assets include class A Money Market
Funds not assessed a sales charge.
Lord Abbett Family of Funds
assets not held at
Stifel may be included in the calculation of ROA only
if the shareholder notifies his
or her financial advisor about such assets.
The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to
establish or change ROA for the IRA accounts associated with the plan to a plan
-
level grouping as oppo
sed to including all share classes at a shareholder or pricing
group level.
1
This supplement does not apply to the followin
g Funds:
Lord Abbett Credit Opportunities Fund,
Lord Abbett Flexible
Income Fund, Lord Abbett Floating Rate High Income Fund, Lord Abbett Municipal Opportunities Fund,
Lord Abbett
Special Situations Income Fund,
Lord Abbett U.S. Government & Government Spo
nsored Enterprises Money Market
Fund
,
any Funds within Lord Abbett Series Fund
, Lord Abbett Diversification Share
s
: Enhanced Municipal Yield
Completion Fund, Lord Abbett Diversification Share
s
: Core Completion Fund, Lord Abbett Diversification Share
s
: Core
Plus Completion Fund, and Lord Abbett Diversification Share
s
: Short Duration Completion Fund.