C000215030 Fees and Costs — Lord Abbett Durable Growth Fund, Class I
Data updated: 2022-09-28
The net expense ratio is 0.70%: a 0.55% management fee plus 0.17% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $27K in broker commissions, 0.0129% of average net assets, and portfolio turnover was 96%.
C000215030 Fees and Expenses
Annual operating expenses and sales charges of C000215030. Prospectus, as of October 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.72% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.70% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000215030 Costs Over Time
On $10,000 invested in C000215030, assuming 5% a year before costs, total costs come to $448 over 5 years, cutting the return by 0.75% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $448 |
| Value after costs | $10,425 | $11,330 | $12,314 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000215030 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0129%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $437.1M
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $242K
- Net income from securities lending: $4K (0.002% of average net assets)
C000215030 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BofA Securities, Inc. | $6K | 23.13% |
| Barclays Capital Inc. | $5K | 21.81% |
| J.P. Morgan Securities LLC | $3K | 12.26% |
| Citigroup Global Markets Inc. | $2K | 9.27% |
| UBS Securities LLC | $2K | 8.63% |
| Morgan Stanley & Co. LLC | $2K | 8.54% |
| Goldman Sachs & Co. LLC | $2K | 6.40% |
| Instinet, LLC | $910 | 3.69% |
| National Financial Services LLC | $907 | 3.68% |
| Exane, Inc. | $638 | 2.59% |
C000215030 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $437.0M | 99.98% |
| Morgan Stanley & Co. LLC | $83K | 0.02% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.