STATEMENT OF ADDITIONAL INFORMATION

MARCH 1, 2024

LORD ABBETT SECURITIES TRUST

                 

Lord Abbett Alpha Strategy Fund

 

Lord Abbett Focused Large Cap Value Fund

     

CLASS

TICKER

CLASS

TICKER

 

CLASS

TICKER

CLASS

TICKER

A

ALFAX

R2

ALFQX

 

A

LAFLX

R2

N/A

C

ALFCX

R3

ALFRX

 

C

LCFLX

R3

LQFLX

F

ALFFX

R4

ALFKX

 

F

LFFLX

R4

LSFLX

F3

ALFOX

R5

ALFTX

 

F3

LOFLX

R5

LFLTX

I

ALFYX

R6

ALFVX

 

I

LIFLX

R6

LVFLX

P

N/A

             
                 

Lord Abbett Focused Growth Fund

 

Lord Abbett Focused Small Cap Value Fund

     

CLASS

TICKER

CLASS

TICKER

 

CLASS

TICKER

CLASS

TICKER

A

LFGAX

R2

N/A

 

A

LFVAX

R2

N/A

C

LFGCX

R3

LFGQX

 

C

LFVCX

R3

N/A

F

LFGFX

R4

LFGSX

 

F

LFSFX

R4

N/A

F3

LFGOX

R5

LFGTX

 

F3

LMVOX

R5

LMVVX

I

LFGIX

R6

LFGVX

 

I

LMVYX

R6

LMVWX

                 
                 

Lord Abbett Fundamental Equity Fund

 

Lord Abbett Global Equity Fund

     

CLASS

TICKER

CLASS

TICKER

 

CLASS

TICKER

CLASS

TICKER

A

LDFVX

R2

LAVQX

 

A

LGCAX

R2

N/A

C

GILAX

R3

LAVRX

 

C

LGCCX

R3

LGCRX

F

LAVFX

R4

LAVSX

 

F

LGCFX

R4

LGCSX

F3

LDFOX

R5

LAVTX

 

F3

LGCOX

R5

LGCVX

I

LAVYX

R6

LAVVX

 

I

LGCYX

R6

LGCWX

P

LAVPX

             

                 

Lord Abbett Growth Leaders Fund

 

Lord Abbett International Value Fund

     

CLASS

TICKER

CLASS

TICKER

 

CLASS

TICKER

CLASS

TICKER

A

LGLAX

R2

LGLQX

 

A

LIDAX

R2

LIDRX

C

LGLCX

R3

LGLRX

 

C

LIDCX

R3

LIRRX

F

LGLFX

R4

LGLSX

 

F

LIDFX

R4

LIRSX

F3

LGLOX

R5

LGLUX

 

F3

LIDOX

R5

LIRTX

I

LGLIX

R6

LGLVX

 

I

LAIDX

R6

LIRVX

                 

Lord Abbett Health Care Fund

 

Lord Abbett Micro Cap Growth Fund

     

CLASS

TICKER

CLASS

TICKER

 

CLASS

TICKER

CLASS

TICKER

A

LHCAX

R2

N/A

 

A

LAMGX

R2

N/A

C

LHCCX

R3

LHCQX

 

C

LCMGX

R3

N/A

F

LHCFX

R4

LHCSX

 

F

LFMGX

R4

N/A

F3

LHCOX

R5

LHCTX

 

F3

N/A

R5

N/A

I

LHCIX

R6

LHCVX

 

I

LMIYX

R6

N/A

                 

Lord Abbett International Equity Fund

 

Lord Abbett Value Opportunities Fund

           

CLASS

TICKER

CLASS

TICKER

 

CLASS

TICKER

CLASS

TICKER

A

LICAX

R2

LICQX

 

A

LVOAX

R2

LVOQX

C

LICCX

R3

LICRX

 

C

LVOCX

R3

LVORX

F

LICFX

R4

LICSX

 

F

LVOFX

R4

LVOSX

F3

LICOX

R5

LICTX

 

F3

LVOOX

R5

LVOTX

I

LICYX

R6

LICVX

 

I

LVOYX

R6

LVOVX

P

LICPX

     

P

LVOPX

   
                 

Lord Abbett International Opportunities Fund

         
                 

CLASS

TICKER

CLASS

TICKER

         

A

LAIEX

R2

LINQX

         

C

LINCX

R3

LINRX

         

F

LINFX

R4

LINSX

         

F3

LOIEX

R5

LINTX

         

I

LINYX

R6

LINVX

         

P

LINPX

             

This SAI is not a prospectus. A prospectus may be obtained from your financial intermediary or from the Distributor at 90 Hudson Street, Jersey City, NJ 07302-3973. 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 March 1, 2024, 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 the Funds’ most recent annual report. The Funds’ annual and semiannual reports to shareholders 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


1.
GLOSSARY

Lord Abbett Securities Trust is comprised of the following Funds:

Lord Abbett Alpha Strategy Fund: Alpha Strategy Fund

Lord Abbett Focused Growth Fund: Focused Growth Fund

Lord Abbett Focused Large Cap Fund: Focused Large Cap Fund

Lord Abbett Focused Small Cap Value Fund: Focused Small Cap Value Fund

Lord Abbett Fundamental Equity Fund: Fundamental Equity Fund

Lord Abbett Global Equity Fund: Global Equity Fund

Lord Abbett Growth Leaders Fund: Growth Leaders Fund

Lord Abbett Health Care Fund: Health Care Fund

Lord Abbett International Equity Fund: International Equity Fund

Lord Abbett International Opportunities Fund: International Opportunities Fund

Lord Abbett International Value Fund: International Value Fund

Lord Abbett Micro Cap Growth Fund: Micro Cap Growth Fund

Lord Abbett Value Opportunities Fund: Value Opportunities 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 Credit Opportunities Fund: Credit Opportunities Fund

Lord Abbett Developing Growth Fund, Inc.: Developing Growth Fund

Lord Abbett Floating Rate High Income Fund: Floating Rate High Income 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 Special Situations Income Fund: Special Situations Income Fund

Part I

1-1


Lord Abbett Trust I: Trust I

Lord Abbett U.S. Government & Government Sponsored Enterprises Money Market Fund, Inc.: Money Market Fund

Part I

1-2


   

1933 Act

Securities Act of 1933, as amended

1940 Act

Investment Company Act of 1940, as amended

Board

Board of Trustees

Board Member(s)

Trustee(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 Securities Trust

Independent Board Member(s)

Trustee(s) of the Board who are not “interested persons,” as defined in the 1940 Act, of each Fund

Interested Board Member(s)

Trustee(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

Securities Trust

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

Underlying Funds

Affiliated mutual funds managed by Lord Abbett


2.
FUND INFORMATION

The Registrant is an open-end management investment company registered under the 1940 Act. All Funds are diversified except Lord Abbett Focused Growth Fund and Lord Abbett Focused Large Cap Value Fund which are non-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

Lord Abbett Securities Trust

Delaware statutory trust

February 26, 1993

13

Unlimited

Fund Name Changes

Funds

Former Names

Effective Dates of Name Change

Lord Abbett Global Equity Fund

Lord Abbett Global Equity Research Fund

November 1, 2021

Lord Abbett Focused Small Cap Value Fund

Lord Abbett Micro Cap Value Fund

July 1, 2019

Lord Abbett International Value Fund

Lord Abbett International Dividend Income Fund

September 30, 2018

Lord Abbett Global Equity Research Fund

Lord Abbett Global Core Equity Fund

May 15, 2018

Lord Abbett International Equity Fund

Lord Abbett International Core Equity Fund

October 31, 2017

Information about the Availability of the Micro Cap Growth Fund. Lord Abbett Micro Cap Growth Fund is not available for purchase by new investors, except as described in the prospectus.

Investors should note that the Fund reserves the right to refuse any purchase order that Lord Abbett believes might disrupt the efficient management of the Fund and reserves the right to further limit the availability of the Fund.

Part I

2-1


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 except for the investment objective of Focused Growth Fund, Focused Large Cap Value Fund, and Health Care Fund, which may be changed by the Board without shareholder approval. 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 33 1/3% 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, (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 which 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 Alpha Strategy Fund, Focused Small Cap Value Fund, Fundamental Equity Fund, Global Equity Fund, Growth Leaders Fund, International Equity Fund, International Opportunities Fund, International Value Fund, Micro Cap Growth Fund, and Value Opportunities Fund, with respect to 75% of its gross assets, buy securities of one issuer representing more than (i) 5% of its gross assets, or (ii) 10% of the voting securities of such issuer; except, in either case, securities issued or guaranteed by the U.S. Government, its agencies or instrumentalities (and, for Alpha Strategy Fund, securities of other investment companies);

   
   

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.

Part I

3-1


7. with respect to Alpha Strategy Fund, Focused Growth Fund, Focused Large Cap Value Fund, Focused Small Cap Value Fund, Fundamental Equity Fund, Global Equity Fund, Growth Leaders Fund, International Equity Fund, International Opportunities Fund, International Value Fund, Micro Cap Growth Fund, and Value Opportunities Fund, 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

8. issue senior securities to the extent such issuance would violate applicable law.5

In addition:

9. Health Care Fund will concentrate more than 25% of its assets, taken at market value, in the securities of issuers in the health care industry.

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 each Fund 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.

   
   

5  Current federal securities laws prohibit a 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

3-2


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

       
 

Alpha Strategy Fund

Focused Growth Fund

Focused Large Cap Value Fund

Focused Small Cap Value Fund

         

Cash/Short-Term Instruments and Money Market Investments

X

X

X

X

Convertible Securities

X

X

X

X

Synthetic Convertible
Securities

   

X

X

Debt Securities

X

X

X

X

High-Yield Debt Securities

X

 

X

X

Municipal Bonds

X**

     

Non-U.S. Gov’t and
Supranational Debt
Securities

X

     

U.S. Government Securities

X

X

X

X

Zero Coupon Bonds

X

     

Depositary Receipts

X

X

X

X

Derivatives

X

X

X

X

Commodity-Related
Investments

 

X

   

Credit Default Swaps and
Similar Instruments

X

X

X

X

Forward Contracts

X

X

X

X

Futures Contracts

X

X

X

X

Options Contracts

X

X

X

X

Swap Agreements

X

X

X

X

Equity Securities

X

X

X

X

Common Stocks

X

X

X

X

IPOs

X

X

X

X

Preferred Stocks

X

X

X

X

Part I

4-1


         

Investment Type

       
 

Alpha Strategy Fund

Focused Growth Fund

Focused Large Cap Value Fund

Focused Small Cap Value Fund

Warrants and Rights

X

X

X

X

Foreign Currency Transactions

X

X

X

X

Foreign Securities

X

X

X

X

Emerging Market Securities

X

X

X

X

Illiquid Securities

X

X

X

X

       

Loans

X*

     
       

Mortgage-Related and Asset-Backed Securities and Other Collateralized Obligations

X

     

Other Investment Companies

X

X

X

X

REITs

X

X

X

X

Short Sales

X

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

X

         

Investment Type

 

Fundamental Equity Fund

Global Equity Fund

Growth Leaders Fund

Health Care Fund

         

Cash/Short-Term Instruments and Money Market Investments

X

X

X

X

Convertible Securities

X

X

X

X

Synthetic Convertible Securities

X

X

 

X

Debt Securities

X

X

X

X

High-Yield Debt Securities

X

X

 

X

Municipal Bonds

     

X

Non-U.S. Gov’t and
Supranational Debt Securities

 

X

 

X

U.S. Government Securities

X

X

X

X

Zero Coupon Bonds

       

Depositary Receipts

X

X

X

X

Derivatives

X

X

X

X

Commodity-Related
Investments

       

Credit Default Swaps and
Similar Instruments

X

X

X

X

Forward Contracts

X

X

X

X

Futures Contracts

X

X

X

X

Options Contracts

X

X

X

X

Swap Agreements

X

X

X

X

Equity Securities

X

X

X

X

Common Stocks

X

X

X

X

IPOs

X

X

X

X

Preferred Stocks

X

X

X

X

Warrants and Rights

X

X

X

X

Foreign Currency Transactions

X

X

X

X

Foreign Securities

X

X

X

X

Emerging Market Securities

X

X

X

X

Part I

4-2


         

Investment Type

 

Fundamental Equity Fund

Global Equity Fund

Growth Leaders Fund

Health Care Fund

Illiquid Securities

X

X

X

X

       

Loans

       
       

Mortgage-Related and Asset-Backed Securities and Other Collateralized Obligations

       

Other Investment Companies

X

X

X

X

REITs

X

X

X

X

Short Sales

X

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

X

         

Investment Type

 

Int’l Equity Fund

Int’l Opp. Fund

Int’l Value Fund

Micro Cap Growth Fund

         

Cash/Short-Term Instruments and Money Market Investments

X

X

X

X

Convertible Securities

X

X

X

X

Synthetic Convertible
Securities

X

X

X

 

Debt Securities

X

X

X

X

High-Yield Debt Securities

X

X

X

 

Municipal Bonds

       

Non-U.S. Gov’t and
Supranational Debt Securities

X

X

X

 

U.S. Government Securities

X

X

X

X

Zero Coupon Bonds

       

Depositary Receipts

X

X

X

X

Derivatives

X

X

X

X

Commodity-Related
Investments

       

Credit Default Swaps and
Similar Instruments

X

X

X

X

Forward Contracts

X

X

X

X

Futures Contracts

X

X

X

X

Options Contracts

X

X

X

X

Swap Agreements

X

X

X

X

Equity Securities

X

X

X

X

Common Stocks

X

X

X

X

IPOs

X

X

X

X

Preferred Stocks

X

X

X

X

Warrants and Rights

X

X

X

X

Foreign Currency Transactions

X

X

X

X

Foreign Securities

X

X

X

X

Emerging Market Securities

X

X

X

X

Illiquid Securities

X

X

X

X

       

Loans

       
       

Mortgage-Related and Asset-Backed Securities and Other Collateralized Obligations

       

Other Investment Companies

X

X

X

X

Part I

4-3


         

Investment Type

 

Int’l Equity Fund

Int’l Opp. Fund

Int’l Value Fund

Micro Cap Growth Fund

REITs

X

X

X

X

Short Sales

X

X

X

X

Structured Notes and Other Hybrid Instruments

X

X

X

X

   

Investment Type

 

Value Opportunities Fund

   

Cash/Short-Term Instruments and Money Market Investments

X

Convertible Securities

X

Synthetic Convertible
Securities

X

Debt Securities

X

High-Yield Debt Securities

X

Municipal Bonds

 

Non-U.S. Gov’t and
Supranational Debt Securities

 

U.S. Government Securities

X

Zero Coupon Bonds

 

Depositary Receipts

X

Derivatives

X

Commodity-Related
Investments

 

Credit Default Swaps and
Similar Instruments

X

Forward Contracts

X

Futures Contracts

X

Options Contracts

X

Swap Agreements

X

Equity Securities

X

Common Stocks

X

IPOs

X

Preferred Stocks

X

Warrants and Rights

X

Foreign Currency Transactions

X

Foreign Securities

X

Emerging Market Securities

X

Illiquid Securities

X

 

Loans

 
 

Mortgage-Related and Asset-Backed Securities and Other Collateralized Obligations

 

Other Investment Companies

X

REITs

X

Short Sales

X

Structured Notes and Other Hybrid Instruments

X

* To the extent Alpha Strategy Fund invests in participations with respect to senior loans, the Fund intends to acquire participations only if the group of loan investors selling the participation, and any other persons interpositioned between the Fund and the group of loan investors, at the time of investment, has outstanding debt or deposit obligations rated investment grade (BBB or A-3 or

Part I

4-4


higher by S&P or Baa or P-3 or higher by Moody’s) or comparably rated by another independent rating agency or determined by Lord Abbett to be of comparable quality. Similarly, the Fund will purchase an assignment or participation or act as a loan investor with respect to a syndicated senior loan only where the agent, typically a U.S. or foreign commercial bank, insurance company, finance company, or other financial institution, that is originating, negotiating, and structuring the senior loan for a group of loan investors, at the time of investment, has outstanding debt or deposit obligations rated investment grade by an independent rating agency or determined by Lord Abbett to be of comparable quality. For more information, please see “Additional Information on Portfolio Investments, Risks, and Techniques – Senior Loans” section of Part II.

** Alpha Strategy Fund may invest up to 5% of its net assets in municipal bonds that, at the time of purchase, are rated investment grade or below investment grade by a rating agency or are unrated but determined by Lord Abbett to be of comparable quality. In addition, Alpha Strategy Fund may gain exposure to municipal bonds of any quality through investments in certain underlying funds.

Related Additional Investment Restrictions

In addition to the principal investment strategies (and related restrictions) discussed in the Funds’ prospectus, the 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

4-5


5.
BOARD MEMBERS

The Board Members of the Registrant are also Board Members of each of the Lord Abbett Funds, which collectively consist of 64 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 October 31, 2023 Aggregate Compensation Accrued by the Registrant1

Total Compensation Paid by the Lord Abbett Funds2

Evelyn E. Guernsey

$38,451

$573,434

Julie A. Hill3

34,927

502,164

Kathleen M. Lutito

34,927

502,164

James M. McTaggart

32,097

460,258

Charles O. Prince

34,927

502,164

Karla M. Rabusch

34,866

501,351

Lorin Patrick Taylor Radtke

31,200

448,434

Leah Song Richardson

28,419

409,159

Mark A. Schmid

34,767

499,934

James L.L. Tullis

44,487

640,184

     

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 “equity-based plan”) that deems the deferred amounts to be invested in shares of a Fund 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 Fund are $0, $6,265, $34,927, $12,181, $23,052, $0, $16,598, $1,740, $0, and $10,790, respectively.

2 The second column shows total compensation, including the types of compensation described in the “For the Fiscal Year Ended October 31, 2023 Aggregate Compensation Accrued by the Registrant” column, accrued by all Lord Abbett Funds for the calendar year ended December 31, 2023, including fees of Independent Board Members that have been deferred.

3 Ms. Hill retired from the Board and the Board of Trustees/Directors of each of the other Lord Abbett Funds effective December 31, 2023.

Fund Ownership

The following table sets forth certain information about the dollar range of equity securities beneficially owned by each current Board Member in the Registrant and all other Lord Abbett Funds as of December 31, 2023. The amounts shown include deferred compensation (including any earnings) to the Board Members deemed invested in Fund shares. The amounts ultimately received by the Board Members under the deferred compensation plan will be directly linked to the investment performance of the Lord Abbett Funds.

Part I

5-1


         

Board Members

Alpha
Strategy Fund

Focused
Growth Fund

Focused Large
Cap Value Fund

Focused Small
Cap Value Fund

Independent Trustees

Evelyn E. Guernsey

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Kathleen M. Lutito

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

James M. McTaggart

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Charles O. Prince

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Karla M. Rabusch

$1 - $10,000

Over $100,000

$1 - $10,000

$1 - $10,000

Lorin Patrick Taylor Radtke

None

None

None

None

Leah Song Richardson

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Mark A. Schmid

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

James L.L. Tullis

None

Over $100,000

None

None

Interested Trustee

Douglas B. Sieg

Over $100,000

None

None

$10,001 - $50,000

         

Board Members

Fundamental Equity Fund

Global Equity
Fund

Growth
Leaders Fund

Health Care Fund

Independent Trustees

Evelyn E. Guernsey

$10,001 - $50,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Kathleen M. Lutito

$1 - $10,000

$1 - $10,000

Over $100,000

$1 - $10,000

James M. McTaggart

Over $100,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Charles O. Prince

$1 - $10,000

$1 - $10,000

$1 - $10,000

Over $100,000

Karla M. Rabusch

Over $100,000

$1 - $10,000

Over $100,000

Over $100,000

Lorin Patrick Taylor Radtke

None

None

None

None

Leah Song Richardson

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Mark A. Schmid

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

James L.L. Tullis

$1 - $10,000

Over $100,000

None

None

Interested Trustee

Douglas B. Sieg

Over $100,000

Over $100,000

Over $100,000

Over $100,000

         

Board Members

International Equity Fund

International Opportunities Fund

International
Value Fund

Micro Cap
Growth Fund

Independent Trustees

       

Evelyn E. Guernsey

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Kathleen M. Lutito

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

James M. McTaggart

$1 - $10,000

$1 - $10,000

$1 - $10,000

Over $100,000

Charles O. Prince

$1 - $10,000

$1 - $10,000

$1 - $10,000

Over $100,000

Karla M. Rabusch

Over $100,000

Over $100,000

$1 - $10,000

$1 - $10,000

Lorin Patrick Taylor Radtke

None

None

None

None

Leah Song Richardson

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

Mark A. Schmid

$1 - $10,000

$1 - $10,000

$1 - $10,000

$1 - $10,000

James L.L. Tullis

None

None

None

Over $100,000

Interested Trustee

       

Douglas B. Sieg

Over $100,000

$10,001 - $50,000

Over $100,000

Over $100,000

Part I

5-2


       

Board Members

Value
Opportunities Fund

Aggregate Dollar Range of Equity Securities in Lord Abbett Funds

 

Interested Trustees

     

Evelyn E. Guernsey

$10,001 - $50,000

Over $100,000

 

Kathleen M. Lutito

$1 - $10,000

Over $100,000

 

James M. McTaggart

$1 - $10,000

Over $100,000

 

Charles O. Prince

$1 - $10,000

Over $100,000

 

Karla M. Rabusch

Over $100,000

Over $100,000

 

Lorin Patrick Taylor Radtke

None

Over $100,000

 

Leah Song Richardson

$1 - $10,000

$50,001 - $100,000

 

Mark A. Schmid

$1 - $10,000

Over $100,000

 

James L.L. Tullis

$1 - $10,000

Over $100,000

 

Interested Trustee

     

Douglas B. Sieg

$50,001 - $100,000

Over $100,000

 

Committee Meetings

The following table sets forth the number of times each committee of the Board met during the most recent fiscal year:

           

Fiscal Year Ended

Audit Committee

Sustainability and Proxy Committee1

Governance Committee

Ad Hoc Compensation Committee

Investment Committee

October 31, 2023

5

4

5

1

6

1 The Sustainability and Proxy Committee was eliminated, with its responsibilities generally assumed by the Board.

Part I

5-3


6.
INVESTMENT ADVISORY AND OTHER SERVICES, FEES, AND EXPENSES

For more information on Lord Abbett, please see the “Investment Adviser” section of Part II.

Lord Abbett is each Fund’s investment adviser. Lord Abbett is a privately held investment adviser. Lord Abbett’s address is 90 Hudson Street, Jersey City, NJ 07302-3973.

Under the Management Agreements between Lord Abbett and Securities Trust, on behalf of each Fund, Lord Abbett is entitled to an annual management fee based on each Fund’s average daily net assets. The management fee is allocated to each class of shares based upon the relative proportion of each Fund’s net assets represented by that class.

For certain Funds, Lord Abbett has contractually agreed to waive a portion of its fees and reimburse certain expenses. These agreements may be terminated only by the Funds’ Board.

Each Fund pays all expenses attributable to its operations not expressly assumed by Lord Abbett, including, without limitation, Rule 12b-1 Plan expenses, Independent Board Members’ fees and expenses, association membership dues, legal and auditing fees, taxes, transfer and dividend disbursing agent fees, shareholder servicing costs, expenses relating to shareholder meetings, expenses of registering its shares under federal and state securities laws, expenses of preparing, printing and mailing prospectuses and shareholder reports to existing shareholders, insurance premiums, and other expenses connected with executing portfolio transactions.

Management Fee Rates

The management fee is accrued daily, payable monthly, and calculated at the following annual rates:

   

Alpha Strategy Fund

0.10%

Focused Growth Fund

 

First $1 billion

0.65%

Next $1 billion

0.63%

Next $5 billion

0.60%

Over $7 billion

0.59%

Focused Large Cap Value Fund

 

First $1 billion

0.59%

Over $1 billion

0.53%

Focused Small Cap Value Fund

0.80%

Fundamental Equity Fund

 

First $200 million

0.75%

Next $300 million

0.65%

Over $500 million

0.50%

Global Equity Fund

 

First $1 billion

0.45%

Next $2 billion

0.43%

Over $3 billion

0.41%

Growth Leaders Fund

 

First $2 billion

0.55%

Over $2 billion

0.50%

Health Care Fund

 

First $1 billion

0.62%

Over $1 billion

0.51%

International Equity Fund

First $1 billion

0.45%

Over $1 billion

0.40%

Part I

6-1


   

International Opportunities Fund

 

First $1 billion

0.75%

Next $1 billion

0.70%

Over $2 billion

0.65%

International Value Fund

 

First $1 billion

0.50%

Over $1 billion

0.48%

Micro Cap Growth Fund

0.90%

Value Opportunities Fund

 

First $1 billion

0.75%

Next $1 billion

0.70%

Next $3 billion

0.65%

Over $5 billion

0.58%

Management Fees Paid to Lord Abbett

The following tables set forth the management fees each Fund paid to Lord Abbett (taking into account any management fee waivers) for the last three fiscal years ended October 31st:

2021

         
 

Gross Management Fees

Management Fees Waived

Net Management Fees

Alpha Strategy Fund1

$861,739

$(861,739)

$0

Focused Growth Fund

289,857

(193,814)

96,043

Focused Large Cap Value Fund

4,106,467

(195)

4,106,272

Focused Small Cap Value Fund

1,677,148

(389)

1,676,759

Fundamental Equity Fund

10,354,373

0

10,354,373

Global Equity Fund

43,575

(43,575)

0

Growth Leaders Fund

45,810,108

(0)

45,810,108

Health Care Fund

41,271

(41,271)

0

International Equity Fund2

2,854,506

(99,953)

2,754,553

International Opportunities Fund

3,480,549

0

3,480,549

International Value Fund3

4,237,369

(146,090)

4,091,279

Micro Cap Growth Fund

3,196,352

0

3,196,352

Value Opportunities Fund

12,604,448

0

12,604,448

2022

         
 

Gross Management Fees

Management Fees Waived

Net Management Fees

Alpha Strategy Fund1

$738,784

$(738,784)

$0

Focused Growth Fund

270,866

(190,942)

79,924

Focused Large Cap Value Fund

3,154,540

(12,956)

3,141,584

Focused Small Cap Value Fund

1,402,249

(687)

1,401,562

Fundamental Equity Fund

10,219,959

0

10,219,959

Global Equity Fund

46,356

(46,356)

0

Growth Leaders Fund

37,806,132

0

37,806,132

Health Care Fund

41,698

(41,698)

0

International Equity Fund2

2,408,065

(199,271)

2,208,794

International Opportunities Fund

2,862,512

0

2,862,512

International Value Fund3

3,785,917

(326,773)

3,459,144

Micro Cap Growth Fund

2,470,470

0

2,470,470

Value Opportunities Fund

11,391,731

0

11,391,731

Part I

6-2


2023

         
 

Gross Management Fees

Management Fees Waived

Net Management Fees

Alpha Strategy Fund1

$623,661

$(623,661)

$0

Focused Growth Fund

215,807

(207,004)

8,803

Focused Large Cap Value Fund

125,261

(25,261)

0

Focused Small Cap Value Fund

967,010

(53,474)

913,536

Fundamental Equity Fund

10,529,434

0

10,529,434

Global Equity Fund

64,554

(64,554)

0

Growth Leaders Fund

27,078,664

0

27,078,664

Health Care Fund

46,129

(46,129)

0

International Equity Fund2

1,528,824

(16,692)

1,512,132

International Opportunities Fund

2,452,690

0

2,452,690

International Value Fund3

2,016,220

(37,065)

1,979,155

Micro Cap Growth Fund

1,958,332

0

1,958,332

Value Opportunities Fund

9,185,262

0

9,185,262

1 Lord Abbett is presently waiving the Alpha Strategy Fund’s entire management fee on a voluntary basis. The voluntary management fee waiver may be discontinued at any time without notice.

2 Prior to December 9, 2022, the management fees for International Equity Fund were calculated at the following annual rates:

0.70% on the first $1 billion of average daily net assets;

0.65% on the first $1 billion of average daily net assets; and

0.60% on the Fund’s average daily net assets over $2 billion.

3 Prior to December 9, 2022, the management fees for International Value Fund were calculated at the following annual rates:

0.70% on the first $1 billion of average daily net assets;

0.65% on the next $1 billion of average daily net assets; and

0.60% on the Fund’s average daily net assets over $2 billion.

Contractual Fee Waivers and Expense Limitations

Lord Abbett has contractually agreed to waive its fees and/or reimburse Fund expenses to the extent necessary to limit each Fund’s total net annual operating expenses (excluding certain expenses such as fees under a Rule 12b-1 Plan and acquired fund fees and expenses) to the annual rates set forth in the following table. This agreement may be terminated only by the Fund’s Board.

       
 

Contract Period

Class F3 and R6

All Other Share Classes

Focused Growth Fund

March 1, 2024 – February 28, 2025

0.65%

0.80%

Focused Large Cap Value

March 1, 2024 – February 28, 2025

0.67%

0.71%

Focused Small Cap Value Fund

March 1, 2024 – February 28, 2025

0.98%

1.03%

Global Equity Fund

March 1, 2024 – February 28, 2025

0.51%

0.65%

Health Care Fund

March 1, 2024 – February 28, 2025

0.60%

0.78%


As to Focused Growth Fund, Focused Large Cap Value Fund, Focused Small Cap Value Fund, Growth Leaders Fund, Health Care Fund, and Micro Cap Growth Fund for the period from March 1, 2024 through February 28, 2025, the Distributor has contractually agreed to waive each Fund’s 0.10% Rule 12b-1 fee for Class F shares.

Administrative Services Fees Paid to Lord Abbett
Pursuant to an Administrative Services Agreement with the Funds, Lord Abbett provides certain administrative services not involving the provision of investment advice to the Funds. The following table sets forth the administrative services fees each Fund paid to Lord Abbett for the last three fiscal years ended October 31st:

Part I

6-3


       

2021

 
 

Gross Administrative Fees

Administrative Fees Voluntarily Waived

Net Administrative Fees

Alpha Strategy Fund

$344,696

$(11,229)

$333,467

Focused Growth Fund

17,837

(2,515)

15,322

Focused Large Cap Value Fund

278,405

(19,156)

259,249

Focused Small Cap Value Fund

83,857

(9,693)

74,164

Fundamental Equity Fund

752,350

(46,860)

705,490

Global Equity Fund

3,873

(3,873)

0

Growth Leaders Fund

3,584,809

(99,941)

3,484,868

Health Care Fund

2,663

(2,663)

0

International Equity Fund

163,115

(112,893)

50,222

International Opportunities Fund

185,629

(85,961)

99,668

International Value Fund

242,135

(166,324)

75,811

Micro Cap Growth Fund

142,060

(26,256)

115,804

Value Opportunities Fund

691,683

(36,967)

654,716

2022

       
 

Gross Administrative Fees

Administrative Fees Voluntarily Waived

Net Administrative Fees

Alpha Strategy Fund

$295,514

$(12,862)

$282,652

Focused Growth Fund

16,669

(7,230)

9,439

Focused Large Cap Value Fund

213,867

(10,384)

203,483

Focused Small Cap Value Fund

70,112

(2,271)

67,841

Fundamental Equity Fund

741,597

(43,504)

698,093

Global Equity Fund

4,121

(4,121)

0

Growth Leaders Fund

2,944,491

(110,628)

2,833,863

Health Care Fund

2,690

(2,690)

0

International Equity Fund

137,604

(69,777)

67,827

International Opportunities Fund

152,667

(141,546)

11,121

International Value Fund

216,338

(75,372)

140,966

Micro Cap Growth Fund

109,799

(18,107)

91,692

Value Opportunities Fund

622,392

0

622,392

2023

       
 

Gross Administrative Fees

Administrative Fees Voluntarily Waived

Net Administrative Fees

Alpha Strategy Fund

$249,464

$(40,882)

$208,582

Focused Growth Fund

13,280

(5,163)

8,117

Focused Large Cap Value Fund

8,492

(8,492)

0

Focused Small Cap Value Fund

48,350

(7,455)

40,895

Fundamental Equity Fund

766,355

(6,585)

759,770

Global Equity Fund

5,738

(5,738)

0

Growth Leaders Fund

2,086,293

(35,919)

2,050,374

Health Care Fund

2,976

(2,976)

0

International Equity Fund

128,980

(117,851)

11,129

International Opportunities Fund

130,810

(110,759)

20,051

International Value Fund

155,202

(140,120)

15,082

Micro Cap Growth Fund

87,037

(16,560)

70,477

Value Opportunities Fund

496,301

(22,379)

473,922

Part I

6-4


Distributor

For additional information on the Distributor, please see the “Investment Advisory and Other Services, Fees, and Expenses – Distributor” section of Part II. The Distributor received no other compensation (including compensation on redemption and repurchase and brokerage commissions in connections with Fund transactions) apart from that reflected below.

The following table sets forth the net sales charge received (after allowance of a portion of the sales charge to independent dealers) by the Distributor, as the Registrant’s principal underwriter, for the last three fiscal years ended October 31st:

       
 

2021

2022

2023

Gross sales charge

$10,116,910

$5,334,709

$3,142,716

Amount allowed to dealers

8,568,629

4,515,253

2,680,699

Net commissions received by the Distributor

1,548,281

819,456

462,017

The following table sets forth the CDSC received by the Distributor for the last three fiscal years ended October 31st:

       
 

2021

2022

2023

CDSC received by the Distributor

$160,817

$142,075

$116,921

Rule 12b-1 Plan

For additional information, please see the “Investment Advisory and Other Services, Fees, and Expenses – Rule 12b-1 Plan” section of Part II.

The following table sets forth the amounts paid by each applicable class of the Funds to the Distributor pursuant to the Rule 12b-1 Plan for the fiscal year ended October 31, 2023:

         
 

Class A

Class C

Class F

Class P

Alpha Strategy Fund

$999,313

$220,587

$17,815

N/A

Focused Growth Fund1

38,426

23,084

4,509

N/A

Focused Large Cap Value Fund1

29,977

31,116

574

N/A

Focused Small Cap Value Fund1

35,859

32,789

12,055

N/A

Fundamental Equity Fund

2,897,831

308,878

42,874

$16,963

Global Equity Fund

12,341

3,499

1,228

N/A

Growth Leaders Fund1

3,826,598

4,868,202

449,963

N/A

Health Care Fund1

9,935

8,877

246

N/A

International Equity Fund

364,329

28,434

6,172

48

International Opportunities Fund

236,152

65,639

7,762

308

International Value Fund

508,839

41,991

6,968

N/A

Micro Cap Growth Fund1

84,016

61,825

24,697

N/A

Value Opportunities Fund

1,514,450

374,662

45,965

55,395

         
 

Class R2

Class R3

Class R4

 

Alpha Strategy Fund

$5,668

$88,129

$9,565

 

Focused Growth Fund1

N/A

535

34

 

Focused Large Cap Value Fund1

N/A

623

17

 

Focused Small Cap Value Fund1

N/A

N/A

N/A

 

Fundamental Equity Fund

12,968

313,141

7,073

 

Global Equity Fund

N/A

2,941

879

 

Growth Leaders Fund1

11,651

78,500

26,121

 

Health Care Fund1

N/A

107

29

 

International Equity Fund

1,025

25,349

3,785

 

International Opportunities Fund

10,900

24,144

5,351

 

International Value Fund

387

33,623

366

 

Part I

6-5


         

Micro Cap Growth Fund1

N/A

N/A

N/A

 

Value Opportunities Fund

26,353

151,338

70,998

 
         

1 The Distributor has contractually agreed to waive each Fund’s 0.10% Rule 12b-1 fee for Class F shares through February 28, 2025.

Brokerage Commissions

The Funds’ policy with respect to portfolio transactions and brokerage is set forth under the “Brokerage Allocation and Other Practices” section of Part II.

Brokerage Commissions Paid to Independent Broker-Dealer Firms.

The following table sets forth the total brokerage commissions on transactions of securities each Fund paid to independent broker-dealer firms for the last three fiscal years ended October 31st:

       
 

2021

2022

2023

Alpha Strategy Fund

$0

$0

$0

Focused Growth Fund

17,373

17,240

22,018

Focused Large Cap Value Fund

401,382

327,676

6,828

Focused Small Cap Value Fund

436,929

260,149

131,421

Fundamental Equity Fund

841,153

376,875

318,629

Global Equity Fund

14,206

5,482

7,106

Growth Leaders Fund

3,278,735

3,069,001

2,566,225

Health Care Fund

4,955

2,655

5,447

International Equity Fund

945,671

618,468

685,236

International Opportunities Fund

1,437,850

758,598

456,289

International Value Fund

1,562,115

797,309

353,359

Micro Cap Growth Fund

619,319

564,239

594,919

Value Opportunities Fund

688,730

560,524

314,576

The amount of brokerage commissions paid by a Fund may change from year to year because of changing asset levels, shareholder activity, and portfolio turnover, among other factors.

In addition to the purchase of research services through “commission sharing arrangements,” Lord Abbett purchased third party research services with its own resources during the past three fiscal years ended October 31st.

The following table sets forth the amount of portfolio transactions directed by each Fund to broker-dealers that provided research services for the fiscal year ended October 31, 2023, for which the Fund paid the brokerage commissions indicated:

     
 

Transactions

Commissions

Alpha Strategy Fund

$0

$0

Focused Growth Fund

91,802,203

16,082

Focused Large Cap Value Fund

20,048,918

5,403

Focused Small Cap Value Fund

96,467,546

72,075

Fundamental Equity Fund

880,041,900

249,786

Global Equity Fund

11,247,424

3,290

Growth Leaders Fund

10,213,108,026

1,630,473

Health Care Fund

6,965,262

3,120

International Equity Fund

209,529,458

160,655

International Opportunities Fund

68,354,035

96,615

International Value Fund

112,546,218

76,248

Micro Cap Growth Fund

383,263,639

391,145

Value Opportunities Fund

424,693,530

168,980

Part I

6-6


Regular Broker-Dealers

During the fiscal year ended October 31, 2023, each Fund acquired securities of its “regular brokers or dealers,” as that term is defined in Rule 10b-1 under the 1940 Act, that derived, or have a parent that derived, more than 15% of its gross revenues from the business of a broker, a dealer, an underwriter, or an investment adviser, as follows:

     
 

Regular Broker or Dealers

Value of the Fund’s Aggregate Holdings of the Regular Broker’s or Dealer’s or Parent’s Securities

Alpha Strategy Fund

None

None

Focused Growth Fund

None

None

Focused Large Cap Value Fund

JP Morgan Securities LLC

$784,298.40

Focused Small Cap Value Fund

None

None

Fundamental Equity Fund

JP Morgan Securities LLC

60,822,062.80

 

Morgan Stanley & Co. LLC

23,975,402.80

 

Wells Fargo Advisors PCG

32,808,261.50

Global Equity Fund

JP Morgan Securities LLC

239,600.38

Growth Leaders Fund

None

None

Health Care Fund

None

None

International Equity Fund

UBS Securities LLC

None

 

Nikko

5,225,693.77

International Opportunities Fund

None

None

International Value Fund

UBS Securities LLC

None

 

Nikko

9,364,684.12

Micro Cap Growth Fund

None

None

Value Opportunities Fund

None

None

Part I

6-7


7.
PORTFOLIO MANAGER INFORMATION

Other Accounts Managed

The following table sets forth information about the other accounts managed by the Funds’ portfolio managers as of the Funds’ fiscal year ended October 31, 2023 (or another date, if indicated). For more information, please see the “Portfolio Management Information” section of Part II. The data shown below are approximate.

Included in the Registered Investment Companies category are those U.S.-registered funds managed or sub-advised by Lord Abbett, including funds underlying variable annuity contracts and variable life insurance policies offered through insurance companies. The Other Pooled Investment Vehicles category includes collective investment funds, offshore funds and similar non-registered investment vehicles. Lord Abbett does not manage any hedge funds. The Other Accounts category encompasses retirement and benefit plans (including both defined contribution and defined benefit plans) sponsored by various corporations and other entities, individually managed institutional accounts of various corporations, other entities and individuals, and separately managed accounts in so-called wrap fee programs sponsored by financial intermediaries unaffiliated with Lord Abbett.

             
 

Number of Registered Investment Companies

Total Assets ($MM)

Number of Other Pooled Investment Vehicles

Total Assets ($MM)

Number of Other Accounts

Total Assets

($MM)

Alpha Strategy Fund

           

Giulio Martini

2

2,557.76

0

0

0

0

Matthew R. DeCicco

8

7,568.17

1

$149.57

0

0

Jahiz Barlas

2

2,557.76

0

0

0

0

         

Focused Growth Fund

       

F. Thomas O’Halloran

6

7,530.17

1

149.57

13

588.33

Vernon T. Bice

7

7,530.17

1

149.57

0

0

Matthew R. DeCicco

8

8,069.02

1

149.57

0

0

             

Focused Large Cap Value Fund

       

John C. Hardy

8

5,096.16

1

130.62

812

492.96

Jeff D. Diamond

5

3,554.78

0

0

807

269.86

Darnell Azeez

6

10,795.57

0

0

0

0

             

Focused Small Cap Value Fund

       

John C. Hardy

8

5,015.03

1

130.62

812

492.96

Qie Zhang

1

346.90

0

0

0

0

             

Fundamental Equity Fund

       

John C. Hardy

8

3,360.77

1

130.62

812

492.96

Jeff D. Diamond

5

1,819.39

0

0

807

269.86

Darnell Azeez

6

9,060.19

0

0

0

0

             

Global Equity Fund

       

Ryan C. Howard

2

5,271.01

1

5.70

1

15.08

             

Growth Leaders Fund

       

F. Thomas O’Halloran

6

2,740.09

1

149.57

13

588.33

Vernon T. Bice

7

2,740.09

1

149.57

0

0

Matthew R. DeCicco

8

3,278.93

1

149.57

0

0

Part I

7-1


               
 

Number of Registered Investment Companies

Total Assets ($MM)

Number of Other Pooled Investment Vehicles

Total Assets ($MM)

Number of Other Accounts

Total Assets

($MM)

Benjamin Ebel

4

2,545.91

0

0

0

0

Steven H. Wortman

4

579.52

0

0

0

0

             

Health Care Fund

         

Devesh Karandikar

0

0

0

0

0

0

Matthew R. DeCicco

8

8,093.05

1

149.57

0

0

Heidi A. Lawrence

0

0

0

0

0

0

Samantha E. Shevins

0

0

0

0

0

0

             

International Equity Fund

       

Matthias A. Knerr

1

2.19

0

 

0

0

Sue Kim

2

6.57

0

 

0

0

Todd D. Jacobson

2

652.13

1

89.32

0

0

         

International Opportunities Fund

       

Todd D. Jacobson

2

657.01

1

89.32

0

0

Vincent J. McBride

1

361.17

1

89.32

0

0

             

International Value Fund

       

Vincent J. McBride

1

290.97

1

89.32

0

0

Todd D. Jacobson

2

586.81

1

89.32

0

0

Ryan C. Howard

2

4,923.77

1

5.70

1

15.08

Asad A. Mawjee

0

0

0

0

0

0

         

Micro Cap Growth Fund

       

F. Thomas O’Halloran

6

7,398.03

1

149.57

13

588.33

Matthew R. DeCicco

8

7,936.87

1

149.57

0

0

Vernon T. Bice

7

7,398.03

1

149.57

0

0

Steven H. Wortman

4

5,237.46

0

0

0

0

             

Value Opportunities Fund

       

John C. Hardy

8

4,020.86

1

130.62

812

492.96

Holdings of Portfolio Managers

The following table indicates the dollar range of securities beneficially owned by each portfolio manager in the Funds he or she manages, as of October 31, 2023 (or another date, if indicated). This table includes the value of securities beneficially owned by the portfolio managers through 401(k) plans and certain other plans or accounts, if any.

   

Ownership of Securities1

Aggregate Dollar Range of Securities

Alpha Strategy Fund

 

Giulio Martini

$0

Matthew R. DeCicco

$0

Jahiz Barlas

$0

   

Focused Growth Fund

 

F. Thomas O’Halloran

Over $1,000,000

Vernon T. Bice

$100,001-$500,000

Part I

7-2


   

Ownership of Securities1

Aggregate Dollar Range of Securities

Matthew R. DeCicco

$100,001-$500,000

   

Focused Large Cap Value Fund

 

John C. Hardy

$50,001-$100,000

Jeff D. Diamond

$50,001-$100,000

Darnell C. Azeez

$50,001-$100,000

   

Focused Small Cap Value Fund

 

John C. Hardy

$100,001-$500,000

Qie Zhang

$500,001-$1,000,000

   

Fundamental Equity Fund

 

John C. Hardy

$100,001-$500,000

Jeff D. Diamond

$100,001-$500,000

Darnell C. Azeez

$100,001-$500,000

   

Global Equity Fund

 

Ryan C. Howard

$50,001-$100,000

   

Growth Leaders Fund

 

F. Thomas O’Halloran

Over $1,000,000

Vernon T. Bice

Over $1,000,000

Matthew R. DeCicco

$100,001-$500,000

Benjamin Ebel

$50,001-$100,000

Steven H. Wortman

$500,001-$1,000,000

   

Health Care Fund

 

Devesh Karandikar

$500,001-$1,000,000

Matthew R. DeCicco

$100,001-$500,000

Heidi A. Lawrence

$10,001-$50,000

Samantha E. Shevins

$50,001-$100,000

   

International Equity Fund

 

Matthias A. Knerr

$100,001-$500,000

Sue Kim

$100,001-$500,000

Todd D. Jacobson

$100,001-$500,000

   

International Opportunities Fund

 

Todd D. Jacobson

$100,001-$500,000

Vincent J. McBride

$500,001-$1,000,000

   

International Value Fund

 

Vincent J. McBride

Over $1,000,000

Todd D. Jacobson

$100,001-$500,000

Ryan C. Howard

$10,001-$50,000

Asad A. Mawjee2

$100,001-$500,000

   

Part I

7-3


   

Ownership of Securities1

Aggregate Dollar Range of Securities

Micro Cap Growth Fund

 

F. Thomas O’Halloran

Over $1,000,000

Matthew R. DeCicco

$100,001-$500,000

Vernon T. Bice

$100,001-$500,000

Steven H. Wortman

$100,001-$500,000

   

Value Opportunities Fund

 

John C. Hardy

$500,001-$1,000,000

   

1 As of January 31, 2024.

2 As of February 13, 2024.

Part I

7-4


8.
SECURITIES LENDING

The following table provides the dollar amounts of income and fees and/or compensation related to each Fund's securities lending activities during the most recent fiscal year:

   

Focused Small Cap Value Fund

Gross income from securities lending activities

$433

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$9

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$337

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$346

Net income from securities lending activities

$87

 

Fundamental Equity Fund

Gross income from securities lending activities

$315

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$4

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$270

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$274

Net income from securities lending activities

$41

 

Global Equity Fund

Gross income from securities lending activities

$1,366

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$24

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$755

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$779

Net income from securities lending activities

$587

 

Growth Leaders Fund

Gross income from securities lending activities

$743,352

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$64,907

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue

 

Part 1

8-1


   

split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$94,284

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$159,191

Net income from securities lending activities

$584,161

 

Health Care Fund

Gross income from securities lending activities

$3,166

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$214

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$915

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$1,129

Net income from securities lending activities

$2,037

 

International Equity Fund

Gross income from securities lending activities

$195,973

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$5,164

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$122,015

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$127,179

Net income from securities lending activities

$68,794

 

International Opportunities Fund

Gross income from securities lending activities

$53,430

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$796

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$45,470

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$46,266

Net income from securities lending activities

$7,164

 

International Value Fund

Gross income from securities lending activities

$264,051

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$9,344

Part 1

8-2


   

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$171,056

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$180,400

Net income from securities lending activities

$83,651

 

Micro Cap Growth Fund

Gross income from securities lending activities

$377,457

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$16,081

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$216,627

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$232,708

Net income from securities lending activities

$144,749

 

Value Opportunities Fund

Gross income from securities lending activities

$32,505

Fees and/or compensation for securities lending activities and related services:

Fees paid to securities lending agent from a revenue split

$171

Fees paid for any cash collateral management service (including fees deducted from a pooled cash collateral reinvestment vehicle) that are not included in the revenue split

 

Administrative fees not included in revenue split

 

Indemnification fee not included in revenue split

 

Rebate (paid to borrower)

$30,800

Other fees not included in revenue split (specify)

 

Aggregate fees/compensation for securities lending activities

$30,971

Net income from securities lending activities

$1,534

Alpha Strategy Fund, Focused Growth Fund, and Focused Large Cap Value Fund did not engage in securities lending during the Fund’s most recent fiscal year.

Citibank, N.A. (“Citibank”) acts as the securities lending agent for the Lord Abbett funds. As securities lending agent, during the last fiscal year, Citibank located borrowers for fund securities, monitored daily the value of the loaned securities and collateral, required additional collateral as necessary, negotiated loan terms, provided certain recordkeeping and account servicing, and arranged for return of loaned securities to the fund at loan termination, and, as applicable, in connection with proxy votes.

Part 1

8-3


9.
CONTROL PERSONS AND PRINCIPAL SHAREHOLDERS

Shareholders beneficially owning more than 25% of outstanding shares may be in control and may be able to affect the outcome of certain matters presented for a shareholder vote. As of January 31, 2024, to the best of the Funds’ knowledge, the following persons or entities owned of record or were known by the Funds to beneficially own more than 25% of a Fund’s outstanding shares:

Alpha Strategy Fund

Edward D. Jones & Co.     28.05%

For the Benefit of Customers

1255 Manchester Road

Saint Louis, MO 63131-3729

Focused Growth Fund

Pershing LLC      36.07%

1 Pershing Plaza

Jersey City, NJ 07399-0002

Focused Large Cap Growth Fund

Pershing LLC      32.14%

1 Pershing Plaza

Jersey City, NJ 07399-0002

Focused Small Cap Value Fund

Lord Abbett Alpha Strategy Fund   56.28%

90 Hudson Street

Jersey City, NJ 07302-3900

Fundamental Equity Fund

Edward D. Jones & Co.     31.33%

For the Benefit of Customers

1255 Manchester Road

Saint Louis, MO 63131-3729

Health Care Fund

MLPF&S      30.97%

For the Sole Benefit of its Customers

4800 Deer Lake Drive, E FL3

Jacksonville, FL 32246-6484

International Equity Fund

Edward D. Jones & Co.     32.39%

For the Benefit of Customers

1255 Manchester Road

Saint Louis, MO 63131-3729

International Equity Fund

Lord Abbett Multi-Asset Balanced Opportunity Fund 26.89%

90 Hudson Street

Jersey City, NJ 07302-3900

Part I

9-1


International Opportunities Fund 

Lord Abbett Alpha Strategy Fund   37.19%

90 Hudson Street

Jersey City, NJ 07302-3900

International Value Fund

Edward D. Jones & Co.     46.84%

For the Benefit of Customers

1255 Manchester Road

Saint Louis, MO 63131-3729

Micro Cap Growth Fund

Lord Abbett Alpha Strategy Fund   30.57%

90 Hudson Street

Jersey City, NJ 07302-3900

Value Opportunities Fund

Edward D. Jones & Co.     37.75%

For the Benefit of Customers

1255 Manchester Road

Saint Louis, MO 63131-3729

As of January 31, 2024, to the best of the Funds’ knowledge, the following persons or entities owned of record or were known by the Funds to beneficially own 5% or of the specified class of the Fund’s outstanding shares.

     

ALPHA STRATEGY CLASS A

EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

30.08%

ALPHA STRATEGY CLASS A

MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS
4800 DEER LAKE DR E FL 3
JACKSONVILLE FL 32246-6484

10.53%

ALPHA STRATEGY CLASS C

MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS
4800 DEER LAKE DR E FL 3
JACKSONVILLE FL 32246-6484

7.70%

ALPHA STRATEGY CLASS C

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

5.65%

ALPHA STRATEGY CLASS C

LPL FINANCIAL
--OMNIBUS CUSTOMER ACCOUNT--
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

10.93%

ALPHA STRATEGY CLASS C

WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE
EXCLUSIVE BENEFIT OF CUSTOMER
2801 MARKET ST
SAINT LOUIS MO 63103-2523

10.72%

ALPHA STRATEGY CLASS C

RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS
880 CARILLON PKWY
ST PETERSBURG FL 33716-1100

13.99%

ALPHA STRATEGY CLASS C

MORGAN STANLEY SMITH BARNEY

6.45%

Part I

9-2


     
 

LLC
FOR THE EXCLUSIVE BENE OF ITS CUST
1 NEW YORK PLZ FL 12
NEW YORK NY 10004-1965

 

ALPHA STRATEGY CLASS F

MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS
4800 DEER LAKE DR E FL 3
JACKSONVILLE FL 32246-6484

7.71%

ALPHA STRATEGY CLASS F

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

10.36%

ALPHA STRATEGY CLASS F

LPL FINANCIAL
--OMNIBUS CUSTOMER ACCOUNT--
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

15.90%

ALPHA STRATEGY CLASS F

WELLS FARGO CLEARING SERVICES LLC
SPECIAL CUSTODY ACCT FOR THE
EXCLUSIVE BENEFIT OF CUSTOMER
2801 MARKET ST
SAINT LOUIS MO 63103-2523

12.01%

ALPHA STRATEGY CLASS F

RBC CAPITAL MARKETS LLC
MUTUAL FUND OMNIBUS PROCESSING
250 NICOLLET MALL SUITE 1400
MINNEAPOLIS MN 55401-7554

9.06%

ALPHA STRATEGY CLASS F

MORGAN STANLEY SMITH BARNEY LLC
FOR THE EXCLUSIVE BENE OF ITS CUST
1 NEW YORK PLZ FL 12
NEW YORK NY 10004-1965

7.86%

ALPHA STRATEGY CLASS F

CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCT FBO CUSTOMERS
211 MAIN ST
SAN FRANCISCO CA 94105-1901

10.28%

ALPHA STRATEGY CLASS F

CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCOUNT FOR
BENEFIT OF CUSTOMERS
211 MAIN STREET
SAN FRANCISCO CA 94105-1901

5.96%

ALPHA STRATEGY CLASS F

NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS
MUTUAL FUNDS
200 LIBERTY ST # 1WFC
NEW YORK NY 10281-1015

12.75%

ALPHA STRATEGY CLASS F3

EDWARD D JONES & CO
FOR THE BENEFIT OF CUSTOMERS
12555 MANCHESTER RD
SAINT LOUIS MO 63131-3710

98.42%

ALPHA STRATEGY CLASS I

MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS
4800 DEER LAKE DR E FL 3
JACKSONVILLE FL 32246-6484

26.76%

Part I

9-3


     

ALPHA STRATEGY CLASS I

RAYMOND JAMES
OMNIBUS FOR MUTUAL FUNDS
880 CARILLON PKWY
ST PETERSBURG FL 33716-1100

13.09%

ALPHA STRATEGY CLASS I

THE DOW FOUNDATION
U/A DEC 8 86
59 N BEACH RD
HOBE SOUND FL 33455-2101

27.86%

ALPHA STRATEGY CLASS R2

MID ATLANTIC TRUST COMPANY FBO
L F MAHONEY INC 401(K) PROFIT SHARI
1251 WATERFRONT PL STE 525
PITTSBURGH PA 15222-4228

30.07%

ALPHA STRATEGY CLASS R2

MID ATLANTIC TRUST CO FBO
KURTIS S KELLNER DDS SC 401K PSP
1251 WATERFRONT PL STE 525
PITTSBURGH PA 15222-4228

9.92%

ALPHA STRATEGY CLASS R2

MID ATLANTIC TRUST COMPANY FBO
THOMAS E HOUSTON DMD PC 401(K) PROF
1251 WATERFRONT PL STE 525
PITTSBURGH PA 15222-4228

15.05%

ALPHA STRATEGY CLASS R2

K MEASEL R MEASEL S MEASEL TTEE FBO
ACE CUTTING EQUIP & SUPPLY INC 401K
C/O FASCORE LLC
8515 E ORCHARD RD # 2T2
GREENWOOD VLG CO 80111-5002

20.31%

ALPHA STRATEGY CLASS R2

MID ATLANTIC TRUST COMPANY FBO
COMPREHENSIVE RESEARCH INC 401(K) P
1251 WATERFRONT PL STE 525
PITTSBURGH PA 15222-4228

11.39%

ALPHA STRATEGY CLASS R3

TALCOTT RESOLUTION LIFE INSURANCE COMPANY
PO BOX 5051
HARTFORD CT 06102-5051

13.93%

ALPHA STRATEGY CLASS R3

STATE STREET BANK AND TRUST AS
TRUSTEE AND/OR CUST FBO ADP ACCESS PRODUCT
1 LINCOLN ST
BOSTON MA 02111-2901

11.33%

ALPHA STRATEGY CLASS R4

MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS
4800 DEER LAKE DR E FL 3
JACKSONVILLE FL 32246-6484

11.37%

ALPHA STRATEGY CLASS R4

MATRIX TRUST COMPANY AS AGENT FOR ADVISOR TRUST, INC
CENTER FOR ADULT MEDICINE OF SNJ PA
717 17TH ST STE 1300
DENVER CO 80202-3304

5.69%

ALPHA STRATEGY CLASS R4

MATRIX TRUST COMPANY AS AGENT

5.57%

Part I

9-4


     
 

FOR
ADVISOR TRUST, INC
SUNSET MECHANICAL 401K PLAN
717 17TH ST STE 1300
DENVER CO 80202-3304

 

ALPHA STRATEGY CLASS R4

MATRIX TRUST COMPANY AS AGENT FOR ADVISOR TRUST, INC
LUCA DESIMONE KIDNEY DISEASE
717 17TH ST STE 1300
DENVER CO 80202-3304

12.90%

ALPHA STRATEGY CLASS R4

MATRIX TRUST COMPANY AS AGENT FOR ADVISOR TRUST, INC
MERCHANT HOROVITZ LLLC 401K PLAN
717 17TH ST STE 1300
DENVER CO 80202-3304

7.91%

ALPHA STRATEGY CLASS R5

VRSCO
FBO VTC CUST TTEE FBO
UPSON REGIONAL MEDICAL CENTER 401K
2727-A ALLEN PARKWAY, 4-D1
HOUSTON, TX 77019

38.72%

ALPHA STRATEGY CLASS R5

VRSCO
FBO VTC CUST TTEE FBO
UPSON REGIONAL MEDICAL CENTER 403B
2727-A ALLEN PARKWAY, 4-D1
HOUSTON, TX 77019

7.88%

ALPHA STRATEGY CLASS R5

ASCENSUS TRUST COMPANY FBO
WILLIAMS P&R SURGERY PC 401(K)
PROFIT SHARING PLAN 686303
PO BOX 10758
FARGO ND 58106-0758

47.44%

ALPHA STRATEGY CLASS R6

MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS
4800 DEER LAKE DR E FL 3
JACKSONVILLE FL 32246-6484

52.94%

ALPHA STRATEGY CLASS R6

CAPITAL BANK & TRUST CO FBO
HAAS SONS INC 401K PSP
C/O EMPOWER
8515 E ORCHARD RD 2T2
GREENWOOD VILLAGE CO 80111

5.59%

ALPHA STRATEGY CLASS R6

MATRIX TRUST COMPANY TRUSTEE FBO
FNB 401(K) EMPLOYEE STOCK OWNERSHIP
PO BOX 52129
PHOENIX AZ 85072-2129

10.82%

ALPHA STRATEGY CLASS R6

MATRIX TRUST COMPANY TRUSTEE FBO
FNB PROFIT SHARING PLAN
PO BOX 52129
PHOENIX AZ 85072-2129

5.95%

ALPHA STRATEGY CLASS R6

MID ATLANTIC TRUST COMPANY FBO
S STERLING COMPANY 401(K) PROFIT

10.26%

Part I

9-5


     
 

SH
1251 WATERFRONT PL STE 525
PITTSBURGH PA 15222-4228

 

FOCUSED GROWTH CLASS A

NATIONAL FINANCIAL SERVICES LLC
FEBO CUSTOMERS
MUTUAL FUNDS
200 LIBERTY ST # 1WFC
NEW YORK NY 10281-1015

11.74%

FOCUSED GROWTH CLASS A

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

15.79%

FOCUSED GROWTH CLASS A

LPL FINANCIAL
--OMNIBUS CUSTOMER ACCOUNT--
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

9.25%

FOCUSED GROWTH CLASS A

KARLA M RABUSCH TR
U/A 12/11/2010
KARLA M RABUSCH REVOCABLE FAMILY TRUST
1325 FILBERT ST
SAN FRANCISCO CA 94109-1723

6.14%

FOCUSED GROWTH CLASS A

CETERA INVESTMENT SVCS (FBO)
RUSSELL SNOW
6WX-21477-14
698 S LINDEN DR
EDEN NC 27288-5338

9.25%

FOCUSED GROWTH CLASS C

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

38.03%

FOCUSED GROWTH CLASS C

LPL FINANCIAL
--OMNIBUS CUSTOMER ACCOUNT--
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

22.99%

FOCUSED GROWTH CLASS C

STIFEL NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS
501 N BROADWAY
SAINT LOUIS MO 63102-2137

9.21%

FOCUSED GROWTH CLASS F

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

85.82%

FOCUSED GROWTH CLASS F3

LORD ABBETT & CO LLC
90 HUDSON ST
JERSEY CITY NJ 07302-3900

100.00%

FOCUSED GROWTH CLASS I

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

70.29%

FOCUSED GROWTH CLASS I

LPL FINANCIAL
--OMNIBUS CUSTOMER ACCOUNT--
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

20.73%

FOCUSED GROWTH CLASS I

CHARLES SCHWAB & CO INC
SPECIAL CUSTODY ACCOUNT FOR
BENEFIT OF CUSTOMERS
211 MAIN STREET
SAN FRANCISCO CA 94105-1901

5.95%

FOCUSED GROWTH CLASS R3

MATRIX TRUST COMPANY AS AGENT

31.11%

Part I

9-6


     
 

FOR
ADVISOR TRUST INC
SEIKOSOFT CVO LLC SIMPLE IRA PLAN
717 17TH ST STE 1300
DENVER CO 80202-3304

 

FOCUSED GROWTH CLASS R3

MATRIX TRUST COMPANY AS AGENT FOR ADVISOR TRUST INC
MARK DAVIS D D S A DENTAL
717 17TH ST STE 1300
DENVER CO 80202-3304

7.80%

FOCUSED GROWTH CLASS R3

MATRIX TRUST COMPANY AS AGENT FOR ADVISOR TRUST INC
COMFORT CARE DENTAL SIMPLE IRA PLAN
717 17TH ST STE 1300
DENVER CO 80202-3304

37.54%

FOCUSED GROWTH CLASS R3

MATRIX TRUST COMPANY AS AGENT FOR ADVISOR TRUST INC
HUMANE SOCIETY OF VERO BCH & INDIAN
717 17TH ST STE 1300
DENVER CO 80202-3304

6.23%

FOCUSED GROWTH CLASS R3

MATRIX TRUST COMPANY AS AGENT FOR ADVISOR TRUST INC
ADJUST NRV PLLC SIMPLE IRA PLAN
717 17TH ST STE 1300
DENVER CO 80202-3304

7.75%

FOCUSED GROWTH CLASS R4

LORD ABBETT & CO LLC
90 HUDSON ST
JERSEY CITY NJ 07302-3900

100.00%

FOCUSED GROWTH CLASS R5

LORD ABBETT & CO LLC
90 HUDSON ST
JERSEY CITY NJ 07302-3900

100.00%

FOCUSED GROWTH CLASS R6

MLPF&S FOR THE SOLE BENEFIT
OF ITS CUSTOMERS
4800 DEER LAKE DR E FL 3
JACKSONVILLE FL 32246-6484

98.34%

FOCUSED LARGE CAP VALUE CLASS A

PERSHING LLC
1 PERSHING PLZ
JERSEY CITY NJ 07399-0002

35.84%

FOCUSED LARGE CAP VALUE CLASS A

LPL FINANCIAL
--OMNIBUS CUSTOMER ACCOUNT--
9785 TOWNE CENTRE DR
SAN DIEGO CA 92121-1968

18.02%

FOCUSED LARGE CAP VALUE CLASS A

STIFEL NICOLAUS & CO INC
EXCLUSIVE BENEFIT OF CUSTOMERS
501 N BROADWAY
SAINT LOUIS MO 63102-2137

10.85%

FOCUSED LARGE CAP VALUE CLASS C

PERSHING LLC
1