C000223460 Fees and Costs — Lord Abbett Mid Cap Innovation Growth Fund, Class A
Data updated: 2022-10-12
The net expense ratio is 1.06%: a 0.65% management fee, a 0.25% 12b-1 fee plus 1.81% other expenses, less a 1.65% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2022 the fund paid $5K in broker commissions, 0.0680% of average net assets, and portfolio turnover was 58%.
C000223460 Fees and Expenses
Annual operating expenses and sales charges of C000223460. Prospectus, as of July 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.81% |
| Gross expense ratio | 2.71% |
| Fee waiver | −1.65% |
| Net expense ratio | 1.06% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000223460 Costs Over Time
On $10,000 invested in C000223460, assuming 5% a year before costs, total costs come to $1,397 over 5 years, cutting the return by 2.41% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.06%) | $105 | $327 | $566 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $29 | $108 | $220 |
| Total costs | $715 | $1,031 | $1,397 |
| Value after costs | $9,785 | $10,546 | $11,366 |
| Impact on return, per year | 7.15% | 3.21% | 2.41% |
C000223460 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0680%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $64.5M
- Portfolio turnover (prospectus): 58%
- Securities on loan, average value: $2K
- Net income from securities lending: —
C000223460 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $2K | 44.46% |
| Citigroup Global Markets Inc. | $617 | 13.08% |
| BofA Securities, Inc. | $562 | 11.90% |
| Jefferies LLC | $323 | 6.85% |
| J.P. Morgan Securities LLC | $305 | 6.47% |
| RBC Capital Markets, LLC | $223 | 4.74% |
| Liquidnet, Inc. | $201 | 4.26% |
| Goldman Sachs & Co. LLC | $183 | 3.89% |
| Morgan Stanley & Co. LLC | $153 | 3.24% |
| The Williams Capital Group, L.P. | $52 | 1.11% |
C000223460 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| State Street Bank and Trust Company | $64.3M | 99.76% |
| Goldman Sachs & Co. LLC | $138K | 0.21% |
| J.P. Morgan Securities LLC | $15K | 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.