Skip to Content

Lord Abbett Developing Growth I LADYX

Analyst rating as of
NAV / 1-Day Return
41.70  /  4.84 %
Total Assets
5.5 Bil
Adj. Expense Ratio
0.680%
Expense Ratio
0.680%
Fee Level
Low
Longest Manager Tenure
19.16 years
Category
Small Growth
Investment Style
Small Growth
Min. Initial Investment
1,000,000
Status
Open
TTM Yield
0.00%
Turnover
122%
Premium

Morningstar’s Analysis

Will LADYX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Lord Abbett Developing Growth Is Closing to New Investors; Ratings Unchanged

Analyst Note

| |

Lord Abbett Developing Growth will close to new investors on March 5. Rapid asset growth makes this a prudent decision. The fund saw more than $1 billion of inflows over the past 12 months, bringing total fund assets to more than $5 billion as of Feb. 5, 2021. Lord Abbett has a decent record of managing capacity in this strategy. Lord Abbett similarly closed the fund in 2011, eventually reopening it in stages beginning in 2019 following a period of outflows. Keeping the asset base from becoming too large is particularly important as the managers trade frequently, with turnover typically ranging from 100%-250%, and they sometimes buy less-liquid small-cap companies. The decision to close the fund to new investment does not impact the fund’s Average Process rating or the Morningstar Analyst Rating of Neutral for all share classes.

Unlock our full analysis with Morningstar Premium