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* includes items 7-11 of form N-CSR as required, if any.
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STATEMENT OF ADDITIONAL INFORMATION
APRIL 1, 2025
LORD ABBETT RESEARCH FUND, INC.
Lord Abbett Dividend Growth Fund
Lord Abbett Small Cap Value Fund
CLASS
TICKER
CLASS
TICKER
CLASS
TICKER
CLASS
TICKER
A
LAMAX
R2
LAMQX
A
LRSCX
R2
LRSQX
C
LAMCX
R3
LAMRX
C
LSRCX
R3
LRSRX
F
LAMFX
R4
LAMSX
F
LRSFX
R4
LRSSX
F3
LRMAX
R5
LAMTX
F3
LRSOX
R5
LRSTX
I
LAMYX
R6
LAMHX
I
LRSYX
R6
LRSVX
P
LAMPX
P
LRSPX
Lord Abbett Growth Opportunities Fund
CLASS
TICKER
CLASS
TICKER
A
LMGAX
R2
LGOQX
C
LMGCX
R3
LGORX
F
LGOFX
R4
LGOSX
F3
LOMGX
R5
LGOTX
I
LMGYX
R6
LGOVX
P
LGOPX
This SAI is not a prospectus. A prospectus may be obtained from your financial intermediary or from the
Distributor at 30 Hudson Street, Jersey City, NJ 07302-4804. This SAI is divided into two Parts - Part I
and Part II. Part I contains information that is particular to the Funds offered in this SAI, and should be
read in conjunction with the prospectus for the Funds offered in this SAI, dated April 1, 2025, as
supplemented from time to time. Part I includes information about the Funds, including investment
policies, management fees paid by the Funds, and information about other fees applicable to and
services provided to the Funds. Part II contains additional information that more generally applies to the
Lord Abbett Funds.
Each Fund’s
audited financial statements are incorporated into this SAI by reference to each Funds’ most
recent Form N-CSR. The Funds’ annual and semiannual reports to shareholders and Form N-CSR are
available without charge, upon request by calling 888-522-2388. In addition, you can make inquiries
through your financial intermediary.
PART I
TABLE OF CONTENTS
PAGE
1.
GLOSSARY
1-1
2.
FUND INFORMATION
2-1
3.
INVESTMENT POLICIES
3-1
4.
FUND INVESTMENTS
4-1
5.
BOARD MEMBERS
5-1
6.
INVESTMENT ADVISORY AND OTHER SERVICES, FEES, AND EXPENSES
6-1
7.
PORTFOLIO MANAGER INFORMATION
7-1
8.
SECURITIES LENDING
8-1
9.
CONTROL PERSONS AND PRINCIPAL SHAREHOLDERS
9-1
10.
FINANCIAL STATEMENTS
10-1
Part I
1-1
1.
GLOSSARY
Lord Abbett Research Fund, Inc. is comprised of the following Funds:
Lord Abbett Dividend Growth Fund:
Dividend Growth Fund
Lord Abbett Growth Opportunities Fund:
Growth Opportunities Fund
Lord Abbett Small-Cap Value Series:
Small Cap Value Fund
Lord Abbett Funds
are comprised of the following management investment companies:
Lord Abbett Affiliated Fund, Inc.:
Affiliated Fund
Lord Abbett Bond Debenture Fund, Inc.:
Bond Debenture Fund
Lord Abbett Developing Growth Fund, Inc.:
Developing Growth Fund
Lord Abbett Global Fund, Inc.:
Global Fund
Lord Abbett Investment Trust:
Investment Trust
Lord Abbett Mid Cap Stock Fund, Inc.:
Mid Cap Stock Fund
Lord Abbett Municipal Income Fund, Inc.:
Municipal Income Fund
Lord Abbett Research Fund, Inc.:
Research Fund
Lord Abbett Securities Trust:
Securities Trust
Lord Abbett Series Fund, Inc.:
Series Fund
Lord Abbett Trust I:
Trust I
Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.:
Money
Market Fund
1933 Act
Securities Act of 1933, as amended
1940 Act
Investment Company Act of 1940, as amended
Board
Board of Directors
Board Member(s)
Director(s) of the Board
CDSC
Contingent deferred sales charge
CEA
Commodity Exchange Act, as amended
CPO
Commodity pool operator
Distributor
Lord Abbett Distributor LLC
Fund(s)
Each separate investment portfolio of Research Fund
Independent Board Member(s)
Director(s) of the Board who are not “interested persons” as
defined in the 1940 Act, of each Fund
Interested Board Member(s)
Director(s) of the Board who are not Independent Board
Members
Lord Abbett
Lord, Abbett & Co. LLC
Moody’s
Moody’s Investors Service, Inc.
NYSE
New York Stock Exchange
Registrant
Research Fund
Rule 12b-1 Plan
Distribution and/or Shareholder Service Plan adopted under
Rule 12b-1 (under the 1940 Act)
S&P
S&P Global Ratings
SAI
Statement of Additional Information
SEC
United States Securities and Exchange Commission
Part I
2-1
2.
FUND INFORMATION
The Registrant is an open-end management investment company registered under the 1940 Act. All
Funds are diversified within the meaning of the 1940 Act. The tables below set forth information about the
Registrant’s organization and certain Funds’ name changes.
Registrant Organization
Registrant
Form of
Organization
Date of Organization
Number of
Funds
Shares Available
for Issuance
Research Fund
Maryland corporation
April 6, 1992
3
3.110 billion
shares, $0.001 par
value
Part I
3-1
3.
INVESTMENT POLICIES
Fundamental Investment Restrictions.
Each Fund’s investment objective cannot be changed without
the approval of a “majority of the Fund’s outstanding shares.”
1
Each Fund also is subject to the following
fundamental investment restrictions that cannot be changed without the approval of a majority of each
Fund’s outstanding shares.
Each Fund may not:
1. borrow money, except that (i) it may borrow from banks (as defined in the 1940 Act)
2
in amounts
up to
33⅓%
of its total assets (including the amount borrowed), (ii) it may borrow up to an
additional 5% of its total assets for temporary purposes, (iii) it may obtain such short-term credit
as may be necessary for the clearance of purchases and sales of portfolio securities, (iv) it may
purchase securities on margin to the extent permitted by applicable law,
3
and (v) it may borrow
money from other Lord Abbett Funds to the extent permitted by applicable law and any exemptive
relief obtained by the Fund;
2. pledge its assets (other than to secure borrowings, or to the extent permitted by each Fund’s
investment policies as permitted by applicable law);
4
3. engage in the underwriting of securities, except pursuant to a merger or acquisition or to the
extent that, in connection with the disposition of its portfolio securities, it may be deemed to be an
underwriter under federal securities laws;
4. make loans to other persons, except that (i) the acquisition of bonds, debentures or other
corporate debt securities and investments in government obligations, commercial paper, pass-
through instruments, certificates of deposit, bankers’ acceptances, repurchase agreements or any
similar instruments shall not be subject to this limitation, and (ii) the Fund may lend its portfolio
securities, provided that the lending of portfolio securities may be made only in accordance with
applicable law, and (iii) the Fund may lend money to other Lord Abbett Funds to the extent
permitted by applicable law and any exemptive relief obtained by the Fund;
5. buy or sell real estate (except that each Fund may invest in securities directly or indirectly
secured by real estate or interests therein or issued by companies that invest in real estate or
interests therein), or commodities or commodity contracts (except to the extent each Fund may
do so in accordance with applicable law and without registering as a CPO under the CEA as, for
example, with futures contracts);
6. with respect to 75% of each Fund’s gross assets, buy securities of one issuer representing more
than (i) 5% of each Fund’s gross assets, except securities issued or guaranteed by the U.S.
Government, its agencies or instrumentalities, or (ii) own more than 10% of the voting securities
of such issuer;
5
7. invest more than 25% of its assets, taken at market value, in the securities of issuers in any
particular industry (excluding securities of the U.S. Government, its agencies and
instrumentalities); or
1
A “majority of the Fund’s outstanding shares” means the vote of the lesser of (1) 67% or more of the voting securities present at a
shareholder meeting, provided that more than 50% of the outstanding voting securities of the Fund are present at the meeting or
represented by proxy, or (2) more than 50% of the outstanding voting securities of the Fund regardless of whether such shareholders
are present at the meeting (or represented by proxy).
2
The term “bank” is defined in Section 2(a)(5) of the 1940 Act.
3
SEC staff guidance currently prohibits a Fund from purchasing any security on margin, except such short-term credits as are
necessary for the clearance of transactions.
4
For the purpose of this restriction, the deposit of assets in a segregated account with a Fund’s custodian in connection with any of the
Fund’s investment transactions is not considered to be a pledge of the Fund’s assets.
5
For purposes of this fundamental investment restriction, the term “gross assets” means “total assets.”
Part I
3-2
8. issue senior securities to the extent such issuance would violate applicable law.
6
Compliance with these fundamental investment restrictions will be determined at the time of the purchase
or sale of the security, except in the case of the first fundamental investment restriction, with which the
Funds must comply on a continuous basis.
Non-Fundamental Investment Restriction.
Each Fund also is subject to the following non-fundamental
investment restriction that may be changed by the Registrant’s Board without shareholder approval.
Each Fund may not invest in securities issued by other investment companies as defined in the 1940 Act,
except to the extent permitted by applicable law. A Fund may not, however, rely on Sections 12(d)(1)(F)
and 12(d)(1)(G) of the 1940 Act.
6
Current federal securities laws prohibit each Fund from issuing senior securities (which generally are defined as securities
representing indebtedness), except that a Fund may borrow money from banks in amounts of up to
33⅓%
of its total assets (including
the amount borrowed).
Part I
4-1
4.
FUND INVESTMENTS
The following table identifies the investment types and techniques that Lord Abbett may use in managing
the Funds. A more detailed description of these investment types and techniques, along with the risks
associated with each, is contained in the “Additional Information on Portfolio Investments, Risks, and
Techniques” section of Part II. A Fund may use any or all of these investment types and techniques
indicated below at any one time, and the fact that a Fund may use a particular investment type or
technique does not mean that it will be used. A Fund’s transactions in a particular investment type or use
of a particular technique is subject to the limitations imposed by the Fund’s investment objective, policies,
and restrictions described in the Funds’ prospectus and in this SAI, as well as the federal securities laws.
Each Fund may make other types of investments provided the investments are consistent with the Fund's
investment objective and policies and the Fund's investment restrictions do not expressly prohibit it from
doing so.
In addition, a Fund may receive instruments or investments not contemplated herein through
the conversion or exchange of a permissible investment or as a result of the reorganization or bankruptcy
of the issuer of an otherwise permissible investment, and the Fund may hold or dispose of these
instruments or investments at its discretion.
Please refer to the applicable Fund’s prospectus and the fundamental and non-fundamental investment
restrictions in the “Investment Policies” section of Part I for more information on any applicable limitations.
Investment Type and Techniques
Divide
nd
Growth
Fund
Growth
Opportuniti
es Fund
Small
Cap
Value
Fund
Cash Balance Management Practices
X
X
X
Convertible Securities
X
X
X
Synthetic Convertible Securities
X
X
X
Contingent Convertibles Securities
Debt Securities
X
X
X
High-Yield or Lower-Rated Debt Securities
X*
X*
X*
Defaulted Bonds and Distressed Debt
Depositary Receipts
X
X
X
Derivatives
X
X
X
Combined Transactions
Commodity-Related Investments
Credit Derivatives
X
X
X
Forward Contracts
X
X
X
Futures Contracts
X
X
X
Options Contracts
X
X
X
Participation Notes
Swap Agreements
X
X
X
Equity Securities
X
X
X
Common Stocks
X
X
X
Initial Public Offerings
X
X
X
Master Limited Partnerships
Preferred Stocks
X
X
X
Warrants and Rights
X
X
X
Foreign Currency Transactions
X
X
X
Foreign Securities
X
X
X
Emerging Market Securities
X
X
X
Illiquid Securities
X
X
X
Inflation-Indexed Securities
Investments in Other Investment Companies
X
X
X
Part I
4-2
Investment Type and Techniques
Divide
nd
Growth
Fund
Growth
Opportuniti
es Fund
Small
Cap
Value
Fund
Loans
Mortgage-Related and Asset-Backed Securities
and Other Collateralized Obligations
Municipal Bonds
Non-U.S. Government and Supranational Debt Securities
Real Estate Investment Trusts
X
X
X
Short Sales
X
X
X
Structured Notes and Other Hybrid Instruments
X
X
X
U.S. Government Securities
X
X
X
When-Issued or Forward Transactions
X
Zero Coupon, Deferred Interest, Pay-In-Kind, and Capital
Appreciation Bonds
*The Fund may at times hold below investment grade securities (commonly referred to as “high-yield” or “junk” bonds) if it
purchased securities that were considered investment grade at their time of purchase and such securities subsequently are
downgraded.
Related Additional Investment Restrictions
In addition to the principal investment strategies (and related restrictions) discussed in each Funds’
prospectus, each Fund may use other investment techniques in seeking to achieve its investment
objective, as set forth in the table above. The applicable investment restrictions associated with such
other investment techniques are set forth below. Please see ‘‘Additional Information on Portfolio
Investments, Risks, and Techniques’’ in Part II of the SAI for more information on these and the other
investment techniques that may be used by the Funds.
Borrowing Money.
Each Fund may borrow money to the extent permitted by its investment policies and
restrictions and applicable law. When a Fund borrows money or otherwise leverages its portfolio, the
value of an investment in the Fund may be more volatile and other investment risks will tend to be
compounded.
Each Fund may engage in other transactions that may have the effect of creating leverage in the Fund’s
portfolio, including, by way of example, derivatives transactions and reverse repurchase agreements. A
Fund will generally not treat derivative transactions as borrowings of money.
Illiquid Securities.
Each Fund may invest up to 15% of its net assets in illiquid securities. An illiquid
security is a security that a Fund reasonably expects cannot be sold or disposed of in then-current market
conditions in seven calendar days or less without the sale or disposition significantly changing the market
value of the security. In determining the liquidity of an investment, a Fund may consider, among other
things, the relevant market, trading and investment specific considerations of the security, including
anticipated trading sizes.
Part I
5-1
5.
BOARD MEMBERS
The Board Members of the Registrant are also Board Members of each of the Lord Abbett Funds, which
collectively consist of 63 funds. For more information on the Board Members, please see the
“Management of the Funds” section of Part II.
Compensation
The following table sets forth the compensation accrued by the Registrant for the Independent Board
Members and the total compensation paid by all Lord Abbett Funds to the Independent Board Members,
including amounts payable but deferred at the option of each Independent Board Member. No Interested
Board Member or officer of the Lord Abbett Funds received any compensation from the Funds for acting
as a Board Member or officer. The Lord Abbett Funds currently do not offer a bonus, pension, profit-
sharing, or retirement plan.
Board Members
For the Fiscal Year Ended
November 30, 2024 Aggregate
Compensation Accrued by the
Registrant
1
Total Compensation Paid by the
Lord Abbett Funds
2
Evelyn E. Guernsey
$22,362
$630,000
Julie A. Hill
3
2,431
0
Kathleen M. Lutito
17,020
470,000
Peter J. McNamara
4
N/A
N/A
James M. McTaggart
5
16,114
445,000
Charles O. Prince
17,020
470,000
Karla M. Rabusch
17,408
480,000
Lorin Patrick Taylor Radtke
15,208
420,000
Leah Song Richardson
15,207
420,000
Mark A. Schmid
15,468
420,000
James L.L. Tullis
5
16,164
420,000
1
Independent Board Members’ fees, including attendance fees for Board and committee meetings, are allocated among all Lord
Abbett Funds based on the net assets of each Fund. A portion of the fees payable by each Fund to its Independent Board
Members may be deferred at the option of a Board Member under an equity-based plan (the “deferred compensation plan”) that
deems the deferred amounts to be invested in shares of the Registrant for later distribution to the Board Members. The total
deferred amounts for Ms. Guernsey, Ms. Hill, Ms. Lutito, Mr. McTaggart, Mr. Prince, Ms. Rabusch, Mr. Radtke, Ms. Richardson,
Mr. Schmid, and Mr. Tullis attributable to the Registrant are $0, $454, $2,431, $6,317, $16,193, $0, $7,604, $8,074, $0, and $939,
respectively.
2
The second column shows total compensation, including the types of compensation described in the “For the Fiscal Year Ended
November 30, 2024 Aggregate Compensation Accrued by the Registrant” column, accrued by all Lord Abbett Funds for the
calendar year ended December 31, 2024, including fees of Independent Board Members that have been deferred.
3
Ms. Hill retired as a Trustee/Director of the Lord Abbett Funds effective December 31, 2023.
4
Mr. McNamara was appointed as a Trustee/Director of the Lord Abbett Funds effective January 1, 2025.
5
Mr. McTaggart and Mr. Tullis retired as Trustees/Directors of the Lord Abbett Funds effective December 31, 2024.