Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - ALPHA STRATEGY FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
INVESTMENTS IN UNDERLYING FUNDS(a)(b) 100.07% | ||||||||
Lord Abbett Developing Growth Fund, Inc. - Class I*(c) | 4,451,712 | $ | 135,777 | |||||
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I*(d) | 3,438,384 | 67,324 | ||||||
Lord Abbett Securities Trust - International Opportunities Fund - Class I(d) | 8,308,945 | 132,860 | ||||||
Lord Abbett Securities Trust - Micro-Cap Growth Fund - Class I*(d) | 3,755,070 | 68,417 | ||||||
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I(d) | 8,915,578 | 134,001 | ||||||
Lord Abbett Securities Trust - Value Opportunities Fund - Class I(d) | 7,707,181 | 134,722 | ||||||
Total Investments in Underlying Funds (cost $743,574,169) | 673,101 | |||||||
Liabilities in Excess of Cash and Other Assets (0.07)% | (460 | ) | ||||||
Net Assets 100.00% | $ | 672,641 |
* | Non-income producing security. |
(a) | Affiliated issuer. |
(b) | These investments offer daily redemptions. |
(c) | Fund investment objective is long-term growth of capital through a diversified and actively managed portfolio consisting of developing growth companies, many of which are traded over the counter. |
(d) | Fund investment objective is long-term capital appreciation. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - ALPHA STRATEGY FUND July 31, 2020
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Investments in Underlying Funds | $ | 673,101 | $ | — | $ | — | $ | 673,101 | ||||||||
Total | $ | 673,101 | $ | — | $ | — | $ | 673,101 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each investment strategy of Underlying Funds. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - DURABLE GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.27% | ||||||||
Aerospace & Defense 0.34% | ||||||||
CAE, Inc. (Canada)(a) | 53,155 | $ | 794 | |||||
Automobiles 0.68% | ||||||||
Tesla, Inc.* | 1,097 | 1,570 | ||||||
Banks 0.75% | ||||||||
First Republic Bank | 15,446 | 1,737 | ||||||
Beverages 2.37% | ||||||||
Brown-Forman Corp. Class B | 21,549 | 1,494 | ||||||
Coca-Cola Co. (The) | 59,711 | 2,821 | ||||||
PepsiCo, Inc. | 8,553 | 1,177 | ||||||
Total | 5,492 | |||||||
Biotechnology 4.09% | ||||||||
AbbVie, Inc. | 37,198 | 3,531 | ||||||
Amgen, Inc. | 11,173 | 2,734 | ||||||
Immunomedics, Inc.* | 24,164 | 1,020 | ||||||
Vertex Pharmaceuticals, Inc.* | 8,125 | 2,210 | ||||||
Total | 9,495 | |||||||
Capital Markets 0.82% | ||||||||
Moody’s Corp. | 6,728 | 1,893 | ||||||
Chemicals 0.76% | ||||||||
Air Products and Chemicals, Inc. | 6,177 | 1,770 | ||||||
Construction Materials 0.77% | ||||||||
Vulcan Materials Co. | 15,249 | 1,791 | ||||||
Containers & Packaging 0.94% | ||||||||
Avery Dennison Corp. | 9,101 | 1,031 | ||||||
Ball Corp. | 15,558 | 1,146 | ||||||
Total | 2,177 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - DURABLE GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Entertainment 2.20% | ||||||||
Netflix, Inc.* | 8,358 | $ | 4,086 | |||||
Walt Disney Co. (The) | 8,766 | 1,025 | ||||||
Total | 5,111 | |||||||
Equity Real Estate Investment Trusts 1.99% | ||||||||
American Tower Corp. | 9,678 | 2,530 | ||||||
SBA Communications Corp. | 6,668 | 2,077 | ||||||
Total | 4,607 | |||||||
Food & Staples Retailing 0.86% | ||||||||
Walmart, Inc. | 15,343 | 1,985 | ||||||
Health Care Equipment & Supplies 5.02% | ||||||||
Align Technology, Inc.* | 5,921 | 1,740 | ||||||
Boston Scientific Corp.* | 38,199 | 1,473 | ||||||
Danaher Corp. | 13,597 | 2,771 | ||||||
DexCom, Inc.* | 3,519 | 1,533 | ||||||
Intuitive Surgical, Inc.* | 3,775 | 2,587 | ||||||
West Pharmaceutical Services, Inc. | 5,700 | 1,533 | ||||||
Total | 11,637 | |||||||
Health Care Providers & Services 1.41% | ||||||||
Anthem, Inc. | 4,374 | 1,198 | ||||||
Centene Corp.* | 31,771 | 2,073 | ||||||
Total | 3,271 | |||||||
Hotels, Restaurants & Leisure 1.15% | ||||||||
Chipotle Mexican Grill, Inc.* | 2,303 | 2,660 | ||||||
Household Products 0.38% | ||||||||
Church & Dwight Co., Inc. | 9,127 | 879 | ||||||
Industrial Conglomerates 1.62% | ||||||||
Honeywell International, Inc. | 10,428 | 1,558 | ||||||
Roper Technologies, Inc. | 5,084 | 2,198 | ||||||
Total | 3,756 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - DURABLE GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Information Technology Services 9.91% | ||||||||
Fidelity National Information Services, Inc. | 20,000 | $ | 2,926 | |||||
Genpact Ltd. | 49,182 | 1,959 | ||||||
Global Payments, Inc. | 10,029 | 1,785 | ||||||
Mastercard, Inc. Class A | 20,488 | 6,321 | ||||||
PayPal Holdings, Inc.* | 28,919 | 5,670 | ||||||
Twilio, Inc. Class A* | 3,920 | 1,088 | ||||||
Visa, Inc. Class A | 16,987 | 3,234 | ||||||
Total | 22,983 | |||||||
Insurance 0.59% | ||||||||
RenaissanceRe Holdings Ltd. | 7,640 | 1,378 | ||||||
Interactive Media & Services 10.50% | ||||||||
Alphabet, Inc. Class A* | 7,245 | 10,780 | ||||||
Facebook, Inc. Class A* | 43,152 | 10,946 | ||||||
IAC/InterActiveCorp* | 7,968 | 1,055 | ||||||
Match Group, Inc.* | 15,274 | 1,569 | ||||||
Total | 24,350 | |||||||
Internet & Direct Marketing Retail 9.59% | ||||||||
Amazon.com, Inc.* | 7,030 | 22,248 | ||||||
Machinery 0.91% | ||||||||
Stanley Black & Decker, Inc. | 13,753 | 2,109 | ||||||
Multi-Line Retail 0.76% | ||||||||
Dollar Tree, Inc.* | 18,994 | 1,773 | ||||||
Oil, Gas & Consumable Fuels 0.45% | ||||||||
Pioneer Natural Resources Co. | 10,893 | 1,056 | ||||||
Pharmaceuticals 3.44% | ||||||||
AstraZeneca plc ADR | 36,397 | 2,030 | ||||||
Bristol-Myers Squibb Co. | 36,369 | 2,133 | ||||||
Zoetis, Inc. | 25,095 | 3,807 | ||||||
Total | 7,970 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - DURABLE GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Professional Services 0.88% | ||||||||
CoStar Group, Inc.* | 2,394 | $ | 2,034 | |||||
Road & Rail 2.41% | ||||||||
J.B. Hunt Transport Services, Inc. | 16,312 | 2,111 | ||||||
Norfolk Southern Corp. | 7,540 | 1,449 | ||||||
Old Dominion Freight Line, Inc. | 11,066 | 2,023 | ||||||
Total | 5,583 | |||||||
Semiconductors & Semiconductor Equipment 6.79% | ||||||||
Analog Devices, Inc. | 19,792 | 2,273 | ||||||
Lam Research Corp. | 5,635 | 2,125 | ||||||
NVIDIA Corp. | 10,623 | 4,510 | ||||||
NXP Semiconductors NV (Netherlands)(a) | 11,353 | 1,334 | ||||||
QUALCOMM, Inc. | 32,445 | 3,427 | ||||||
Xilinx, Inc. | 19,270 | 2,069 | ||||||
Total | 15,738 | |||||||
Software 15.31% | ||||||||
DocuSign, Inc.* | 7,561 | 1,639 | ||||||
Microsoft Corp. | 90,398 | 18,533 | ||||||
RingCentral, Inc. Class A* | 13,141 | 3,814 | ||||||
salesforce.com, Inc.* | 25,444 | 4,958 | ||||||
ServiceNow, Inc.* | 8,243 | 3,620 | ||||||
Splunk, Inc.* | 13,992 | 2,936 | ||||||
Total | 35,500 | |||||||
Specialty Retail 2.97% | ||||||||
Burlington Stores, Inc.* | 14,353 | 2,699 | ||||||
Home Depot, Inc. (The) | 7,145 | 1,897 | ||||||
O’Reilly Automotive, Inc.* | 4,827 | 2,304 | ||||||
Total | 6,900 | |||||||
Technology Hardware, Storage & Peripheral 7.15% | ||||||||
Apple, Inc. | 39,019 | 16,585 | ||||||
Textiles, Apparel & Luxury Goods 1.46% | ||||||||
NIKE, Inc. Class B | 34,586 | 3,376 | ||||||
Total Common Stocks (cost $197,080,415) | 230,208 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - DURABLE GROWTH FUND July 31, 2020
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 0.41% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $892,800 of U.S. Treasury Note at 2.25% due 4/30/2024; value: $967,153; proceeds: $948,141 (cost $948,141) | $ | 948 | $ | 948 | ||||
Total Investments in Securities 99.68% (cost $198,028,556) | 231,156 | |||||||
Other Assets in Excess of Liabilities 0.32% | 733 | |||||||
Net Assets 100.00% | $ | 231,889 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. |
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 230,208 | $ | — | $ | — | $ | 230,208 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | — | 948 | — | 948 | ||||||||||||
Total | $ | 230,208 | $ | 948 | $ | — | $ | 231,156 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - FOCUSED GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 95.65% | ||||||||
Aerospace & Defense 1.68% | ||||||||
Axon Enterprise, Inc.* | 4,391 | $ | 365 | |||||
Automobiles 2.93% | ||||||||
Tesla, Inc.* | 445 | 637 | ||||||
Biotechnology 7.07% | ||||||||
Arena Pharmaceuticals, Inc.* | 3,866 | 237 | ||||||
Argenx SE ADR* | 1,267 | 292 | ||||||
Immunomedics, Inc.* | 7,407 | 313 | ||||||
Mirati Therapeutics, Inc.* | 1,743 | 211 | ||||||
Vertex Pharmaceuticals, Inc.* | 1,776 | 483 | ||||||
Total | 1,536 | |||||||
Diversified Consumer Services 2.90% | ||||||||
Chegg, Inc.* | 7,787 | 630 | ||||||
Entertainment 4.87% | ||||||||
Netflix, Inc.* | 1,251 | 612 | ||||||
Spotify Technology SA (Sweden)*(a) | 1,738 | 448 | ||||||
Total | 1,060 | |||||||
Health Care Equipment & Supplies 4.93% | ||||||||
DexCom, Inc.* | 1,234 | 538 | ||||||
Nevro Corp.* | 4,019 | 534 | ||||||
Total | 1,072 | |||||||
Information Technology Services 12.31% | ||||||||
Mastercard, Inc. Class A | 1,929 | 595 | ||||||
PayPal Holdings, Inc.* | 3,832 | 752 | ||||||
Shopify, Inc. Class A (Canada)*(a) | 596 | 610 | ||||||
Square, Inc. Class A* | 5,539 | 719 | ||||||
Total | 2,676 | |||||||
Interactive Media & Services 4.79% | ||||||||
Alphabet, Inc. Class A* | 700 | 1,042 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FOCUSED GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Internet & Direct Marketing Retail 9.41% | ||||||||
Amazon.com, Inc.* | 480 | $ | 1,519 | |||||
Chewy, Inc. Class A* | 10,019 | 526 | ||||||
Total | 2,045 | |||||||
Real Estate Management & Development 3.32% | ||||||||
Redfin Corp.* | 17,379 | 723 | ||||||
Semiconductors & Semiconductor Equipment 9.90% | ||||||||
Advanced Micro Devices, Inc.* | 11,226 | 869 | ||||||
Inphi Corp.* | 3,980 | 520 | ||||||
NVIDIA Corp. | 1,800 | 764 | ||||||
Total | 2,153 | |||||||
Software 22.96% | ||||||||
Crowdstrike Holdings, Inc. Class A* | 4,460 | 505 | ||||||
DocuSign, Inc.* | 2,626 | 569 | ||||||
Five9, Inc.* | 5,576 | 674 | ||||||
Microsoft Corp. | 7,054 | 1,446 | ||||||
Paycom Software, Inc.* | 1,101 | 313 | ||||||
SVMK, Inc.* | 18,327 | 440 | ||||||
Trade Desk, Inc. (The) Class A* | 1,247 | 563 | ||||||
Zoom Video Communications, Inc. Class A* | 1,896 | 481 | ||||||
Total | 4,991 | |||||||
Technology Hardware, Storage & Peripheral 5.95% | ||||||||
Apple, Inc. | 3,042 | 1,293 | ||||||
Textiles, Apparel & Luxury Goods 2.63% | ||||||||
Lululemon Athletica, Inc. (Canada)*(a) | 1,758 | 572 | ||||||
Total Common Stocks (cost $15,434,495) | 20,795 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - FOCUSED GROWTH FUND July 31, 2020
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 4.19% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $816,900 of U.S. Treasury Note at 2.25% due 8/15/2027; value: $929,360; proceeds: $911,117 (cost $911,117) | $ | 911 | $ | 911 | ||||
Total Investments in Securities 99.84% (cost $16,345,612) | 21,706 | |||||||
Other Assets in Excess of Liabilities 0.16% | 35 | |||||||
Net Assets 100.00% | $ | 21,741 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. |
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 20,795 | $ | — | $ | — | $ | 20,795 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | — | 911 | — | 911 | ||||||||||||
Total | $ | 20,795 | $ | 911 | $ | — | $ | 21,706 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - FOCUSED LARGE CAP VALUE FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.04% | ||||||||
Aerospace & Defense 5.59% | ||||||||
General Dynamics Corp. | 79,317 | $ | 11,639 | |||||
Raytheon Technologies Corp. | 187,360 | 10,620 | ||||||
Total | 22,259 | |||||||
Auto Components 2.53% | ||||||||
Lear Corp. | 91,357 | 10,084 | ||||||
Banks 9.30% | ||||||||
Citigroup, Inc. | 263,742 | 13,190 | ||||||
JPMorgan Chase & Co. | 135,320 | 13,077 | ||||||
Wells Fargo & Co. | 444,484 | 10,783 | ||||||
Total | 37,050 | |||||||
Biotechnology 3.04% | ||||||||
AbbVie, Inc. | 127,430 | 12,094 | ||||||
Capital Markets 9.58% | ||||||||
Ameriprise Financial, Inc. | 98,446 | 15,124 | ||||||
Invesco Ltd. | 1,194,528 | 11,993 | ||||||
KKR & Co., Inc. Class A | 311,967 | 11,035 | ||||||
Total | 38,152 | |||||||
Chemicals 6.36% | ||||||||
Dow, Inc.* | 324,097 | 13,307 | ||||||
DuPont de Nemours, Inc. | 224,846 | 12,025 | ||||||
Total | 25,332 | |||||||
Consumer Finance 3.31% | ||||||||
Discover Financial Services | 266,928 | 13,194 | ||||||
Diversified Telecommunication Services 2.07% | ||||||||
Verizon Communications, Inc. | 143,186 | 8,230 | ||||||
Electric: Utilities 0.05% | ||||||||
PG&E Corp.* | 19,397 | 181 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FOCUSED LARGE CAP VALUE FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Electronic Equipment, Instruments & Components 2.47% | ||||||||
Avnet, Inc. | 368,401 | $ | 9,844 | |||||
Energy Equipment & Services 1.25% | ||||||||
National Oilwell Varco, Inc. | 432,926 | 4,983 | ||||||
Health Care Providers & Services 8.70% | ||||||||
CVS Health Corp. | 183,762 | 11,566 | ||||||
McKesson Corp. | 79,070 | 11,873 | ||||||
Universal Health Services, Inc. Class B | 102,226 | 11,235 | ||||||
Total | 34,674 | |||||||
Household Products 3.56% | ||||||||
Spectrum Brands Holdings, Inc. | 261,922 | 14,186 | ||||||
Insurance 6.73% | ||||||||
Everest Re Group Ltd. | 57,620 | 12,607 | ||||||
Hartford Financial Services Group, Inc. (The) | 335,630 | 14,204 | ||||||
Total | 26,811 | |||||||
Leisure Products 3.28% | ||||||||
Brunswick Corp. | 195,272 | 13,079 | ||||||
Machinery 2.93% | ||||||||
Westinghouse Air Brake Technologies Corp. | 187,542 | 11,663 | ||||||
Media 6.78% | ||||||||
Comcast Corp. Class A | 294,140 | 12,589 | ||||||
Nexstar Media Group, Inc. Class A | 164,751 | 14,441 | ||||||
Total | 27,030 | |||||||
Metals & Mining 2.60% | ||||||||
Nucor Corp. | 247,085 | 10,365 | ||||||
Oil, Gas & Consumable Fuels 4.54% | ||||||||
Marathon Petroleum Corp. | 173,162 | 6,615 | ||||||
Noble Energy, Inc. | 577,199 | 5,766 | ||||||
TOTAL SE ADR | 151,534 | 5,707 | ||||||
Total | 18,088 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FOCUSED LARGE CAP VALUE FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Pharmaceuticals 2.90% | ||||||||
Bristol-Myers Squibb Co. | 197,090 | $ | 11,561 | |||||
Semiconductors & Semiconductor Equipment 2.11% | ||||||||
Intel Corp. | 176,281 | 8,414 | ||||||
Specialty Retail 6.52% | ||||||||
Lowe’s Cos., Inc. | 95,108 | 14,163 | ||||||
TJX Cos., Inc. (The) | 227,340 | 11,819 | ||||||
Total | 25,982 | |||||||
Tobacco 2.84% | ||||||||
Altria Group, Inc. | 274,626 | 11,301 | ||||||
Total Common Stocks (cost $351,051,340) | 394,557 | |||||||
Principal Amount (000) | ||||||||
SHORT-TERM INVESTMENT 0.78% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $2,766,900 of U.S. Treasury Note at 2.25% due 08/15/2027; value: $3,147,810; proceeds: $3,085,987 (cost $3,085,987) | $ | 3,086 | 3,086 | |||||
Total Investments in Securities 99.82% (cost $354,137,327) | 397,643 | |||||||
Other Assets in Excess of Liabilities 0.18% | 730 | |||||||
Net Assets 100.00% | $ | 398,373 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - FOCUSED LARGE CAP VALUE FUND July 31, 2020
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | $ | 394,557 | $ | — | $ | — | $ | 394,557 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | — | 3,086 | — | 3,086 | ||||||||||||
Total | $ | 394,557 | $ | 3,086 | $ | — | $ | 397,643 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - FOCUSED SMALL CAP VALUE FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
LONG-TERM INVESTMENTS 98.91% | ||||||||
COMMON STOCKS 98.23% | ||||||||
Aerospace & Defense 1.03% | ||||||||
Triumph Group, Inc. | 114,191 | $ | 774 | |||||
Auto Components 2.66% | ||||||||
American Axle & Manufacturing Holdings, Inc.* | 282,059 | 1,991 | ||||||
Automobiles 2.91% | ||||||||
Thor Industries, Inc. | 19,177 | 2,186 | ||||||
Banks 14.39% | ||||||||
Bancorp, Inc. (The)* | 249,956 | 2,357 | ||||||
BankUnited, Inc. | 91,000 | 1,833 | ||||||
Cullen/Frost Bankers, Inc. | 24,934 | 1,797 | ||||||
Pacific Premier Bancorp, Inc. | 84,300 | 1,771 | ||||||
Sterling Bancorp | 150,329 | 1,691 | ||||||
TCF Financial Corp. | 48,796 | 1,341 | ||||||
Total | 10,790 | |||||||
Building Products 4.40% | ||||||||
Masonite International Corp.* | 39,144 | 3,302 | ||||||
Capital Markets 9.14% | ||||||||
Brightsphere Investment Group, Inc.* | 165,993 | 2,231 | ||||||
Golub Capital BDC, Inc. | 140,375 | 1,660 | ||||||
Moelis & Co. Class A | 44,400 | 1,323 | ||||||
Victory Capital Holdings, Inc. Class A | 92,569 | 1,643 | ||||||
Total | 6,857 | |||||||
Chemicals 4.92% | ||||||||
AdvanSix, Inc.* | 157,744 | 1,964 | ||||||
Axalta Coating Systems Ltd.* | 77,817 | 1,728 | ||||||
Total | 3,692 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FOCUSED SMALL CAP VALUE FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Construction & Engineering 4.18% | ||||||||
Arcosa, Inc. | 37,009 | $ | 1,563 | |||||
EMCOR Group, Inc. | 22,992 | 1,575 | ||||||
Total | 3,138 | |||||||
Consumer Finance 0.89% | ||||||||
Ally Financial, Inc. | 33,173 | 667 | ||||||
Electronic Equipment, Instruments & Components 2.29% | ||||||||
Avnet, Inc. | 64,386 | 1,720 | ||||||
Energy Equipment & Services 0.75% | ||||||||
Core Laboratories NV (Netherlands)(a) | 26,261 | 560 | ||||||
Equity Real Estate Investment Trusts 3.93% | ||||||||
Outfront Media, Inc. | 69,467 | 1,001 | ||||||
Sunstone Hotel Investors, Inc. | 260,172 | 1,946 | ||||||
Total | 2,947 | |||||||
Health Care Equipment & Supplies 1.12% | ||||||||
Natus Medical, Inc.* | 44,996 | 836 | ||||||
Health Care Providers & Services 1.55% | ||||||||
AMN Healthcare Services, Inc.* | 21,198 | 1,165 | ||||||
Household Products 2.99% | ||||||||
Spectrum Brands Holdings, Inc. | 41,427 | 2,244 | ||||||
Insurance 4.68% | ||||||||
Axis Capital Holdings Ltd. | 42,500 | 1,705 | ||||||
ProSight Global, Inc.* | 229,662 | 1,805 | ||||||
Total | 3,510 | |||||||
Leisure Products 3.46% | ||||||||
Malibu Boats, Inc. Class A* | 44,200 | 2,598 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FOCUSED SMALL CAP VALUE FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Machinery 10.09% | ||||||||
Alamo Group, Inc. | 15,442 | $ | 1,592 | |||||
Blue Bird Corp.* | 70,800 | 887 | ||||||
Columbus McKinnon Corp. | 63,600 | 2,107 | ||||||
Hillenbrand, Inc. | 102,052 | 2,983 | ||||||
Total | 7,569 | |||||||
Media 2.65% | ||||||||
Nexstar Media Group, Inc. Class A | 22,696 | 1,989 | ||||||
Metals & Mining 5.20% | ||||||||
Lundin Mining Corp.(b) | CAD | 346,600 | 1,941 | |||||
Worthington Industries, Inc. | 52,307 | 1,957 | ||||||
Total | 3,898 | |||||||
Oil, Gas & Consumable Fuels 2.87% | ||||||||
MEG Energy Corp.*(b) | CAD | 166,900 | 441 | |||||
Par Pacific Holdings, Inc.* | 98,508 | 730 | ||||||
Parsley Energy, Inc. Class A | 48,271 | 530 | ||||||
WPX Energy, Inc.* | 75,795 | 453 | ||||||
Total | 2,154 | |||||||
Real Estate Management & Development 1.66% | ||||||||
Realogy Holdings Corp. | 137,375 | 1,245 | ||||||
Semiconductors & Semiconductor Equipment 4.58% | ||||||||
Advanced Energy Industries, Inc.* | 19,100 | 1,405 | ||||||
Ichor Holdings Ltd.* | 61,900 | 2,032 | ||||||
Total | 3,437 | |||||||
Specialty Retail 1.02% | ||||||||
Williams-Sonoma, Inc. | 8,791 | 766 | ||||||
Thrifts & Mortgage Finance 2.03% | ||||||||
Essent Group Ltd. | 42,600 | 1,526 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FOCUSED SMALL CAP VALUE FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Trading Companies & Distributors 2.84% | ||||||||
Beacon Roofing Supply, Inc.* | 68,248 | $ | 2,127 | |||||
Total Common Stocks (cost $75,463,245) | 73,688 | |||||||
Principal Amount (000) | ||||||||
CORPORATE BONDS 0.67% | ||||||||
Oil, Gas & Consumable Fuels 0.67% | ||||||||
Centennial Resource Production LLC†(c) (cost $1,077,544) | $ | 1,100,000 | 501 | |||||
SHORT-TERM INVESTMENT 1.01% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $712,200 of U.S. Treasury Note at 2.25% due 4/30/2024; value: $771,513; proceeds: $756,350 (cost $756,350) | 756 | 756 | ||||||
Total Investments in Securities 99.91% (cost $77,297,139) | 74,945 | |||||||
Other Assets in Excess of Liabilities 0.09% | 64 | |||||||
Net Assets 100.00% | $ | 75,009 |
CAD | Canadian dollar. | |
* | Non-income producing security. | |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2020, the total value of Rule 144A securities was $501, which represents 0.67% of net assets. | |
(a) | Foreign security traded in U.S. dollars. | |
(b) | Investment in non-U.S. dollar denominated securities. | |
(c) | The security has an interest rate 6.88% with a maturity of 4/01/2027. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - FOCUSED SMALL CAP VALUE FUND July 31, 2020
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Long-Term Investments | ||||||||||||||||
Common Stocks | $ | 73,688 | $ | — | $ | — | $ | 73,688 | ||||||||
Corporate Bonds | — | 501 | — | 501 | ||||||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | — | 756 | — | 756 | ||||||||||||
Total | $ | 73,688 | $ | 1,257 | $ | — | $ | 74,945 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - FUNDAMENTAL EQUITY FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.44% | ||||||||
Aerospace & Defense 3.24% | ||||||||
General Dynamics Corp. | 198,182 | $ | 29,081 | |||||
Raytheon Technologies Corp. | 472,598 | 26,787 | ||||||
Total | 55,868 | |||||||
Auto Components 0.96% | ||||||||
Lear Corp. | 150,199 | 16,579 | ||||||
Automobiles 0.72% | ||||||||
General Motors Co. | 496,100 | 12,348 | ||||||
Banks 7.71% | ||||||||
Citigroup, Inc. | 710,234 | 35,519 | ||||||
East West Bancorp, Inc. | 641,333 | 22,229 | ||||||
JPMorgan Chase & Co. | 539,643 | 52,151 | ||||||
U.S. Bancorp | 621,505 | 22,896 | ||||||
Total | 132,795 | |||||||
Beverages 1.55% | ||||||||
PepsiCo, Inc. | 194,466 | 26,770 | ||||||
Building Products 1.89% | ||||||||
Masco Corp. | 568,590 | 32,501 | ||||||
Capital Markets 4.65% | ||||||||
Ameriprise Financial, Inc. | 196,266 | 30,152 | ||||||
BlackRock, Inc. | 40,585 | 23,337 | ||||||
E*TRADE Financial Corp. | 522,377 | 26,521 | ||||||
Total | 80,010 | |||||||
Chemicals 3.81% | ||||||||
Corteva, Inc.* | 777,710 | 22,211 | ||||||
Dow, Inc.* | 423,810 | 17,402 | ||||||
PPG Industries, Inc. | 241,139 | 25,959 | ||||||
Total | 65,572 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FUNDAMENTAL EQUITY FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Consumer Finance 1.68% | ||||||||
American Express Co. | 309,600 | $ | 28,892 | |||||
Diversified Telecommunication Services 2.46% | ||||||||
Verizon Communications, Inc. | 737,510 | 42,392 | ||||||
Electric: Utilities 5.06% | ||||||||
Duke Energy Corp. | 308,222 | 26,119 | ||||||
Edison International | 455,798 | 25,374 | ||||||
FirstEnergy Corp. | 412,900 | 11,974 | ||||||
NextEra Energy, Inc. | 76,451 | 21,460 | ||||||
PG&E Corp.* | 232,257 | 2,171 | ||||||
Total | 87,098 | |||||||
Electrical Equipment 1.55% | ||||||||
Hubbell, Inc. | 197,456 | 26,651 | ||||||
Electronic Equipment, Instruments & Components 0.91% | ||||||||
Avnet, Inc. | 589,489 | 15,751 | ||||||
Energy Equipment & Services 0.53% | ||||||||
National Oilwell Varco, Inc. | 796,645 | 9,169 | ||||||
Equity Real Estate Investment Trusts 3.26% | ||||||||
Alexandria Real Estate Equities, Inc. | 136,225 | 24,187 | ||||||
Highwoods Properties, Inc. | 212,364 | 8,142 | ||||||
Prologis, Inc. | 225,157 | 23,736 | ||||||
Total | 56,065 | |||||||
Food Products 0.69% | ||||||||
Danone SA(a) | EUR | 176,400 | 11,807 | |||||
Health Care Equipment & Supplies 3.81% | ||||||||
Alcon, Inc. (Switzerland)*(b) | 443,752 | 26,616 | ||||||
Medtronic plc (Ireland)(b) | 403,419 | 38,922 | ||||||
Total | 65,538 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FUNDAMENTAL EQUITY FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Health Care Providers & Services 3.98% | ||||||||
Anthem, Inc. | 71,976 | $ | 19,707 | |||||
CVS Health Corp. | 521,476 | 32,822 | ||||||
McKesson Corp. | 106,673 | 16,018 | ||||||
Total | 68,547 | |||||||
Household Products 3.40% | ||||||||
Colgate-Palmolive Co. | 459,300 | 35,458 | ||||||
Procter & Gamble Co. (The) | 176,363 | 23,125 | ||||||
Total | 58,583 | |||||||
Industrial Conglomerates 2.27% | ||||||||
Honeywell International, Inc. | 262,314 | 39,182 | ||||||
Information Technology Services 1.25% | ||||||||
Mastercard, Inc. Class A | 69,800 | 21,535 | ||||||
Insurance 5.40% | ||||||||
American International Group, Inc. | 610,122 | 19,609 | ||||||
Axis Capital Holdings Ltd. | 391,716 | 15,716 | ||||||
Everest Re Group Ltd. | 87,915 | 19,235 | ||||||
Globe Life, Inc. | 212,400 | 16,907 | ||||||
Hartford Financial Services Group, Inc. (The) | 509,666 | 21,569 | ||||||
Total | 93,036 | |||||||
Interactive Media & Services 3.55% | ||||||||
Alphabet, Inc. Class A* | 25,930 | 38,583 | ||||||
Facebook, Inc. Class A* | 89,070 | 22,594 | ||||||
Total | 61,177 | |||||||
Internet & Direct Marketing Retail 2.22% | ||||||||
Booking Holdings, Inc.* | 10,286 | 17,097 | ||||||
eBay, Inc. | 383,500 | 21,200 | ||||||
Total | 38,297 | |||||||
Machinery 3.43% | ||||||||
Cummins, Inc. | 167,400 | 32,352 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FUNDAMENTAL EQUITY FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Machinery (continued) | ||||||||
Westinghouse Air Brake Technologies Corp. | 428,657 | $ | 26,658 | |||||
Total | 59,010 | |||||||
Media 3.14% | ||||||||
Comcast Corp. Class A | 537,922 | 23,023 | ||||||
Fox Corp. Class A | 774,600 | 19,961 | ||||||
Nexstar Media Group, Inc. Class A | 125,750 | 11,022 | ||||||
Total | 54,006 | |||||||
Metals & Mining 0.51% | ||||||||
Nucor Corp. | 209,985 | 8,809 | ||||||
Multi-Utilities 1.29% | ||||||||
CMS Energy Corp. | 345,700 | 22,187 | ||||||
Oil, Gas & Consumable Fuels 4.62% | ||||||||
Cabot Oil & Gas Corp. | 944,000 | 17,653 | ||||||
Chevron Corp. | 269,530 | 22,624 | ||||||
Marathon Petroleum Corp. | 443,653 | 16,948 | ||||||
ONEOK, Inc. | 252,362 | 7,043 | ||||||
TOTAL SE ADR | 408,720 | 15,392 | ||||||
Total | 79,660 | |||||||
Personal Products 1.34% | ||||||||
Unilever plc(a) | GBP | 387,600 | 23,080 | |||||
Pharmaceuticals 5.97% | ||||||||
Bristol-Myers Squibb Co. | 573,416 | 33,637 | ||||||
Johnson & Johnson | 149,197 | 21,747 | ||||||
Merck & Co., Inc. | 272,649 | 21,877 | ||||||
Sanofi(a) | EUR | 243,250 | 25,540 | |||||
Total | 102,801 | |||||||
Semiconductors & Semiconductor Equipment 3.10% | ||||||||
Intel Corp. | 499,178 | 23,826 | ||||||
Texas Instruments, Inc. | 232,497 | 29,655 | ||||||
Total | 53,481 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - FUNDAMENTAL EQUITY FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Software 2.91% | ||||||||
Microsoft Corp. | 128,500 | $ | 26,344 | |||||
Oracle Corp. | 427,410 | 23,700 | ||||||
Total | 50,044 | |||||||
Specialty Retail 3.10% | ||||||||
Lowe’s Cos., Inc. | 192,500 | 28,665 | ||||||
TJX Cos., Inc. (The) | 475,406 | 24,717 | ||||||
Total | 53,382 | |||||||
Technology Hardware, Storage & Peripherals 1.97% | ||||||||
Apple, Inc. | 79,800 | 33,918 | ||||||
Tobacco 1.51% | ||||||||
Philip Morris International, Inc. | 338,762 | 26,020 | ||||||
Total Common Stocks (cost $1,540,308,935) | 1,712,561 | |||||||
Principal Amount (000) | ||||||||
SHORT-TERM INVESTMENT 0.46% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $7,509,400 of U.S. Treasury Note at 2.25% due 04/30/2024; value: $8,134,790; proceeds: $7,975,264 (cost $7,975,264) | $ | 7,975 | 7,975 | |||||
Total Investments in Securities 99.90% (cost $1,548,284,199) | 1,720,536 | |||||||
Cash, Foreign Cash and Other Assets in Excess Liabilities 0.10% | 1,748 | |||||||
Net Assets 100.00% | $ | 1,722,284 |
ADR | American Depositary Receipt. | |
EUR | Euro. | |
GBP | British pound. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - FUNDAMENTAL EQUITY FUND July 31, 2020
* | Non-income producing security. | |
(a) | Investment in non-U.S. dollar denominated securities. | |
(b) | Foreign security traded in U.S. dollars. |
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Common Stocks | ||||||||||||||||
Food Products | $ | — | $ | 11,807 | $ | — | $ | 11,807 | ||||||||
Personal Products | — | 23,080 | — | 23,080 | ||||||||||||
Pharmaceuticals | 77,261 | 25,540 | — | 102,801 | ||||||||||||
Remaining Industries | 1,574,873 | — | — | 1,574,873 | ||||||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | — | 7,975 | — | 7,975 | ||||||||||||
Total | $ | 1,652,134 | $ | 68,402 | $ | — | $ | 1,720,536 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - GLOBAL EQUITY RESEARCH FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
COMMON STOCKS 98.57% | ||||||||
Australia 1.36% | ||||||||
Equity Real Estate Investment Trusts | ||||||||
Goodman Group | 7,595 | $ | 92 | |||||
Belgium 1.19% | ||||||||
Banks | ||||||||
KBC Group NV | 1,428 | 81 | ||||||
Brazil 1.16% | ||||||||
Metals & Mining | ||||||||
Vale SA | 6,769 | 79 | ||||||
Canada 3.26% | ||||||||
Information Technology Services 1.28% | ||||||||
Shopify, Inc. * | 85 | 87 | ||||||
Insurance 1.27% | ||||||||
Intact Financial Corp. | 788 | 86 | ||||||
Oil, Gas & Consumable Fuels 0.71% | ||||||||
Pembina Pipeline Corp. | 1,991 | 48 | ||||||
Total Canada | 221 | |||||||
China 6.41% | ||||||||
Air Freight & Logistics 0.52% | ||||||||
ZTO Express Cayman, Inc. ADR | 953 | 35 | ||||||
Gas Utilities 1.02% | ||||||||
ENN Energy Holdings Ltd. | 5,692 | 69 | ||||||
Insurance 1.15% | ||||||||
Ping An Insurance Group Co. of China Ltd. Class H | 7,353 | 78 | ||||||
Interactive Media & Services 1.76% | ||||||||
Tencent Holdings Ltd. | 1,742 | 120 | ||||||
Internet & Direct Marketing Retail 1.96% | ||||||||
Alibaba Group Holding Ltd. ADR * | 531 | 133 | ||||||
Total China | 435 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - GLOBAL EQUITY RESEARCH FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Denmark 2.49% | ||||||||
Beverages 1.34% | ||||||||
Carlsberg AS Class B | 616 | $ | 91 | |||||
Pharmaceuticals 1.15% | ||||||||
Novo Nordisk A/S Class B | 1,189 | 78 | ||||||
Total Denmark | 169 | |||||||
France 5.04% | ||||||||
Auto Components 0.87% | ||||||||
Cie Generale des Etablissements Michelin SCA | 574 | 59 | ||||||
Multi-Utilities 1.03% | ||||||||
Engie SA * | 5,261 | 70 | ||||||
Oil, Gas & Consumable Fuels 0.93% | ||||||||
Total SE | 1,655 | 63 | ||||||
Personal Products 1.21% | ||||||||
L’Oreal SA | 243 | 82 | ||||||
Textiles, Apparel & Luxury Goods 1.00% | ||||||||
LVMH Moet Hennessy Louis Vuitton SE | 157 | 68 | ||||||
Total France | 342 | |||||||
Germany 2.33% | ||||||||
Industrial Conglomerates 1.34% | ||||||||
Siemens AG Registered Shares | 714 | 91 | ||||||
Semiconductors & Semiconductor Equipment 0.99% | ||||||||
Infineon Technologies AG | 2,632 | 67 | ||||||
Total Germany | 158 | |||||||
Hong Kong 0.77% | ||||||||
Real Estate Management & Development | ||||||||
Kerry Properties Ltd. | 22,040 | 53 | ||||||
India 0.77% | ||||||||
Banks | ||||||||
ICICI Bank Ltd. ADR * | 5,527 | 52 | ||||||
Italy 0.68% | ||||||||
Machinery | ||||||||
IMA Industria Macchine Automatiche SpA * | 579 | 46 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - GLOBAL EQUITY RESEARCH FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Japan 4.71% | ||||||||
Building Products 1.46% | ||||||||
Sanwa Holdings Corp. | 11,592 | $ | 99 | |||||
Construction & Engineering 1.03% | ||||||||
SHO-BOND Holdings Co. Ltd. | 1,619 | 70 | ||||||
Electronic Equipment, Instruments & Components 2.22% | ||||||||
Azbil Corp. | 2,621 | 87 | ||||||
Keyence Corp. | 151 | 64 | ||||||
151 | ||||||||
Total Japan | 320 | |||||||
Mexico 0.81% | ||||||||
Banks | ||||||||
Grupo Financiero Banorte SAB de CV | 15,427 | 55 | ||||||
Russia 0.68% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
Lukoil PJSC ADR | 679 | 46 | ||||||
South Africa 0.69% | ||||||||
Metals & Mining | ||||||||
Anglo American plc | 1,956 | 47 | ||||||
South Korea 2.11% | ||||||||
Technology Hardware, Storage & Peripherals | ||||||||
Samsung Electronics Co., Ltd. | 2,933 | 143 | ||||||
Spain 1.05% | ||||||||
Diversified Telecommunication Services | ||||||||
Cellnex Telecom SA † | 1,129 | 71 | ||||||
Sweden 1.25% | ||||||||
Machinery | ||||||||
Sandvik AB * | 4,555 | 85 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - GLOBAL EQUITY RESEARCH FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Switzerland 2.22% | ||||||||
Capital Markets 0.91% | ||||||||
UBS Group AG | 5,252 | $ | 62 | |||||
Life Sciences Tools & Services 1.31% | ||||||||
Lonza Group AG | 142 | 89 | ||||||
Total Switzerland | 151 | |||||||
Taiwan 1.44% | ||||||||
Semiconductors & Semiconductor Equipment | ||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 6,709 | 98 | ||||||
United Kingdom 4.20% | ||||||||
Capital Markets 1.38% | ||||||||
London Stock Exchange Group plc | 849 | 94 | ||||||
Insurance 1.06% | ||||||||
Prudential plc | 5,044 | 72 | ||||||
Pharmaceuticals 1.18% | ||||||||
AstraZeneca plc ADR | 1,433 | 80 | ||||||
Specialty Retail 0.58% | ||||||||
WH Smith plc | 3,165 | 39 | ||||||
Total United Kingdom | 285 | |||||||
United States 53.95% | ||||||||
Auto Components 1.41% | ||||||||
Lear Corp. | 865 | 96 | ||||||
Banks 1.27% | ||||||||
JPMorgan Chase & Co. | 893 | 86 | ||||||
Beverages 1.41% | ||||||||
Coca-Cola Co. (The) | 2,036 | 96 | ||||||
Biotechnology 1.30% | ||||||||
Vertex Pharmaceuticals, Inc. * | 322 | 88 | ||||||
Building Products 1.09% | ||||||||
Masco Corp. | 1,285 | 74 | ||||||
Capital Markets 1.24% | ||||||||
MSCI, Inc. | 224 | 84 | ||||||
Chemicals 1.10% | ||||||||
Axalta Coating Systems Ltd. * | 3,376 | 75 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - GLOBAL EQUITY RESEARCH FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United States (continued) | ||||||||
Consumer Finance 0.97% | ||||||||
Discover Financial Services | 1,344 | $ | 66 | |||||
Electrical Equipment 1.12% | ||||||||
AMETEK, Inc. | 813 | 76 | ||||||
Entertainment 1.08% | ||||||||
Netflix, Inc. * | 150 | 73 | ||||||
Equity Real Estate Investment Trusts 1.27% | ||||||||
Alexandria Real Estate Equities, Inc. | 484 | 86 | ||||||
Food & Staples Retailing 2.90% | ||||||||
Sysco Corp. | 999 | 53 | ||||||
Walmart, Inc. | 1,115 | 144 | ||||||
197 | ||||||||
Health Care Equipment & Supplies 0.75% | ||||||||
DexCom, Inc. * | 118 | 51 | ||||||
Health Care Providers & Services 2.71% | ||||||||
CVS Health Corp. | 1,636 | 103 | ||||||
UnitedHealth Group, Inc. | 266 | 81 | ||||||
184 | ||||||||
Information Technology Services 2.67% | ||||||||
Mastercard, Inc. Class A | 344 | 106 | ||||||
PayPal Holdings, Inc. * | 383 | 75 | ||||||
181 | ||||||||
Interactive Media & Services 4.61% | ||||||||
Alphabet, Inc. Class A * | 115 | 171 | ||||||
Facebook, Inc. Class A * | 374 | 95 | ||||||
Snap, Inc. Class A * | 2,086 | 47 | ||||||
313 | ||||||||
Internet & Direct Marketing Retail 3.83% | ||||||||
Amazon.com, Inc. * | 82 | 260 | ||||||
Leisure Products 0.58% | ||||||||
Peloton Interactive, Inc. Class A * | 577 | 39 | ||||||
Life Sciences Tools & Services 1.18% | ||||||||
Repligen Corp. * | 529 | 80 | ||||||
Machinery 2.12% | ||||||||
Hillenbrand, Inc. | 2,695 | 79 | ||||||
Stanley Black & Decker, Inc. | 427 | 65 | ||||||
144 | ||||||||
Metals & Mining 0.84% | ||||||||
Worthington Industries, Inc. | 1,514 | 57 | ||||||
Multi-Line Retail 1.37% | ||||||||
Dollar Tree, Inc. * | 997 | 93 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - GLOBAL EQUITY RESEARCH FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United States (continued) | ||||||||
Oil, Gas & Consumable Fuels 0.68% | ||||||||
Noble Energy, Inc. | 4,592 | $ | 46 | |||||
Pharmaceuticals 3.28% | ||||||||
Merck & Co., Inc. | 1,352 | 108 | ||||||
Zoetis, Inc. | 757 | 115 | ||||||
223 | ||||||||
Road & Rail 1.41% | ||||||||
Norfolk Southern Corp. | 499 | 96 | ||||||
Semiconductors & Semiconductor Equipment 1.80% | ||||||||
NVIDIA Corp. | 287 | 122 | ||||||
Software 7.91% | ||||||||
Microsoft Corp. | 1,101 | 226 | ||||||
RingCentral, Inc. Class A * | 251 | 73 | ||||||
salesforce.com, Inc. * | 442 | 86 | ||||||
Splunk, Inc. * | 314 | 66 | ||||||
Trade Desk, Inc. (The) Class A * | 191 | 86 | ||||||
537 | ||||||||
Specialty Retail 0.81% | ||||||||
TJX Cos., Inc. (The) | 1,065 | 55 | ||||||
Tobacco 1.24% | ||||||||
Philip Morris International, Inc. | 1,111 | 85 | ||||||
Total United States | 3,663 | |||||||
Total Common Stocks (cost $5,975,487) | 6,692 | |||||||
Cash, Foreign Cash and Other Assets in Excess Liabilities 1.43% | 97 | |||||||
Net Assets 100.00% | $ | 6,789 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. | |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2020, the total value of Rule 144A securities was $71, which represents 1.05% of net assets. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - GLOBAL EQUITY RESEARCH FUND July 31, 2020
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Common Stocks | ||||||||||||||||
Australia | $ | — | $ | 92 | $ | — | $ | 92 | ||||||||
Belgium | — | 81 | — | 81 | ||||||||||||
Brazil | 79 | — | — | 79 | ||||||||||||
Canada | 221 | — | — | 221 | ||||||||||||
China | 168 | 267 | — | 435 | ||||||||||||
Denmark | — | 169 | — | 169 | ||||||||||||
France | — | 342 | — | 342 | ||||||||||||
Germany | — | 158 | — | 158 | ||||||||||||
Hong Kong | — | 53 | — | 53 | ||||||||||||
India | 52 | — | — | 52 | ||||||||||||
Italy | 46 | — | — | 46 | ||||||||||||
Japan | — | 320 | — | 320 | ||||||||||||
Mexico | 55 | — | — | 55 | ||||||||||||
Russia | — | 46 | — | 46 | ||||||||||||
South Africa | — | 47 | — | 47 | ||||||||||||
South Korea | — | 143 | — | 143 | ||||||||||||
Spain | — | 71 | — | 71 | ||||||||||||
Sweden | — | 85 | — | 85 | ||||||||||||
Switzerland | — | 151 | — | 151 | ||||||||||||
Taiwan | — | 98 | — | 98 | ||||||||||||
United Kingdom | 80 | 205 | — | 285 | ||||||||||||
United States | 3,663 | — | — | 3,663 | ||||||||||||
Total | $ | 4,364 | $ | 2,328 | $ | — | $ | 6,692 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - GROWTH LEADERS FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 97.60% | ||||||||
Aerospace & Defense 0.82% | ||||||||
Axon Enterprise, Inc.* | 620,841 | $ | 51,611 | |||||
Air Freight & Logistics 0.28% | ||||||||
ZTO Express Cayman, Inc. ADR | 482,543 | 17,878 | ||||||
Automobiles 2.01% | ||||||||
Tesla, Inc.* | 88,276 | 126,302 | ||||||
Biotechnology 7.43% | ||||||||
Arena Pharmaceuticals, Inc.* | 660,826 | 40,568 | ||||||
Argenx SE ADR* | 129,665 | 29,840 | ||||||
Immunomedics, Inc.* | 2,117,325 | 89,415 | ||||||
Iovance Biotherapeutics, Inc.* | 968,921 | 28,166 | ||||||
Mirati Therapeutics, Inc.* | 313,503 | 38,031 | ||||||
Regeneron Pharmaceuticals, Inc.* | 37,244 | 23,541 | ||||||
Sarepta Therapeutics, Inc.* | 249,824 | 38,353 | ||||||
Seattle Genetics, Inc.* | 313,239 | 52,082 | ||||||
Turning Point Therapeutics, Inc.* | 357,304 | 21,163 | ||||||
Vertex Pharmaceuticals, Inc.* | 389,802 | 106,026 | ||||||
Total | 467,185 | |||||||
Capital Markets 1.62% | ||||||||
MarketAxess Holdings, Inc. | 101,531 | 52,461 | ||||||
MSCI, Inc. | 130,756 | 49,162 | ||||||
Total | 101,623 | |||||||
Communications Equipment 0.52% | ||||||||
Lumentum Holdings, Inc.* | 353,751 | 32,839 | ||||||
Diversified Consumer Services 1.31% | ||||||||
Chegg, Inc.* | 1,021,134 | 82,681 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - GROWTH LEADERS FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Electrical Equipment 1.39% | ||||||||
AMETEK, Inc. | 355,288 | $ | 33,131 | |||||
Generac Holdings, Inc.* | 346,379 | 54,582 | ||||||
Total | 87,713 | |||||||
Entertainment 5.31% | ||||||||
Activision Blizzard, Inc. | 716,325 | 59,190 | ||||||
Netflix, Inc.* | 253,295 | 123,831 | ||||||
Roku, Inc.* | 394,035 | 61,032 | ||||||
Spotify Technology SA (Sweden)*(a) | 349,602 | 90,134 | ||||||
Total | 334,187 | |||||||
Health Care Equipment & Supplies 5.00% | ||||||||
Danaher Corp. | 205,333 | 41,847 | ||||||
DexCom, Inc.* | 199,694 | 86,975 | ||||||
IDEXX Laboratories, Inc.* | 171,676 | 68,284 | ||||||
Insulet Corp.* | 163,369 | 33,223 | ||||||
Intuitive Surgical, Inc.* | 63,673 | 43,644 | ||||||
Nevro Corp.* | 305,450 | 40,612 | ||||||
Total | 314,585 | |||||||
Health Care Technology 1.16% | ||||||||
Teladoc Health, Inc.* | 306,751 | 72,893 | ||||||
Hotels, Restaurants & Leisure 1.39% | ||||||||
Chipotle Mexican Grill, Inc.* | 51,880 | 59,930 | ||||||
DraftKings, Inc. Class A*(b) | 825,691 | 27,557 | ||||||
Total | 87,487 | |||||||
Information Technology Services 7.93% | ||||||||
Akamai Technologies, Inc.* | 519,453 | 58,407 | ||||||
EPAM Systems, Inc.* | 112,362 | 32,594 | ||||||
Mastercard, Inc. Class A | 381,039 | 117,562 | ||||||
PayPal Holdings, Inc.* | 504,733 | 98,963 | ||||||
Shopify, Inc. Class A (Canada)*(a) | 98,860 | 101,233 | ||||||
Square, Inc. Class A* | 692,168 | 89,878 | ||||||
Total | 498,637 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - GROWTH LEADERS FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Interactive Media & Services 5.87% | ||||||||
Alphabet, Inc. Class A* | 129,916 | $ | 193,309 | |||||
Facebook, Inc. Class A* | 449,272 | 113,967 | ||||||
Match Group, Inc.* | 605,993 | 62,235 | ||||||
Total | 369,511 | |||||||
Internet & Direct Marketing Retail 9.56% | ||||||||
Alibaba Group Holding Ltd. ADR* | 215,092 | 53,992 | ||||||
Amazon.com, Inc.* | 133,614 | 422,846 | ||||||
Chewy, Inc. Class A* | 1,291,741 | 67,803 | ||||||
MercadoLibre, Inc. (Argentina)*(a) | 50,526 | 56,823 | ||||||
Total | 601,464 | |||||||
Leisure Products 1.94% | ||||||||
Peloton Interactive, Inc. Class A* | 1,025,724 | 69,975 | ||||||
YETI Holdings, Inc.* | 1,063,976 | 52,018 | ||||||
Total | 121,993 | |||||||
Life Sciences Tools & Services 0.49% | ||||||||
10X Genomics, Inc. Class A* | 313,333 | 30,823 | ||||||
Pharmaceuticals 0.89% | ||||||||
Zoetis, Inc. | 369,504 | 56,046 | ||||||
Professional Services 0.62% | ||||||||
TransUnion | 436,856 | 39,129 | ||||||
Real Estate Management & Development 1.83% | ||||||||
Redfin Corp.* | 2,765,449 | 114,987 | ||||||
Road & Rail 1.41% | ||||||||
Old Dominion Freight Line, Inc. | 206,958 | 37,836 | ||||||
Uber Technologies, Inc.* | 1,678,832 | 50,802 | ||||||
Total | 88,638 | |||||||
Semiconductors & Semiconductor Equipment 8.58% | ||||||||
Advanced Micro Devices, Inc.* | 1,301,801 | 100,799 | ||||||
Applied Materials, Inc. | 468,520 | 30,140 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - GROWTH LEADERS FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Semiconductors & Semiconductor Equipment (continued) | ||||||||
Enphase Energy, Inc.* | 293,722 | $ | 17,729 | |||||
Inphi Corp.* | 691,050 | 90,293 | ||||||
Monolithic Power Systems, Inc. | 248,119 | 65,754 | ||||||
NVIDIA Corp. | 388,451 | 164,932 | ||||||
QUALCOMM, Inc. | 663,274 | 70,048 | ||||||
Total | 539,695 | |||||||
Software 21.72% | ||||||||
Adobe, Inc.* | 130,210 | 57,855 | ||||||
Alteryx, Inc. Class A* | 252,150 | 44,250 | ||||||
Avalara, Inc.* | 220,224 | 29,609 | ||||||
Coupa Software, Inc.* | 115,051 | 35,258 | ||||||
Crowdstrike Holdings, Inc. Class A* | 1,042,714 | 118,035 | ||||||
DocuSign, Inc.* | 604,679 | 131,113 | ||||||
Everbridge, Inc.* | 165,154 | 23,584 | ||||||
Five9, Inc.* | 704,067 | 85,065 | ||||||
Fortinet, Inc.* | 256,653 | 35,495 | ||||||
Intuit, Inc. | 93,744 | 28,720 | ||||||
Microsoft Corp. | 1,685,791 | 345,604 | ||||||
Paycom Software, Inc.* | 113,378 | 32,241 | ||||||
Paylocity Holding Corp.* | 407,161 | 54,234 | ||||||
RingCentral, Inc. Class A* | 285,294 | 82,812 | ||||||
SVMK, Inc.* | 2,882,422 | 69,121 | ||||||
Trade Desk, Inc. (The) Class A* | 179,613 | 81,063 | ||||||
Zoom Video Communications, Inc. Class A* | 444,194 | 112,785 | ||||||
Total | 1,366,844 | |||||||
Specialty Retail 0.74% | ||||||||
Carvana Co.*(b) | 301,833 | 46,769 | ||||||
Technology Hardware, Storage & Peripherals 6.62% | ||||||||
Apple, Inc. | 979,363 | 416,268 | ||||||
Textiles, Apparel & Luxury Goods 1.16% | ||||||||
Lululemon Athletica, Inc. (Canada)*(a) | 224,187 | 72,993 | ||||||
Total Common Stocks (cost $4,130,719,354) | 6,140,781 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - GROWTH LEADERS FUND July 31, 2020
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENTS 4.05% | ||||||||
Repurchase Agreement 3.73% | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $114,068,300 of U.S. Treasury Note at 2.00% due 4/30/2024; $108,790,200 of U.S. Treasury Note at 2.00% due 5/31/2024; value: $239,146,225; proceeds: $234,456,989 (cost $234,456,989) | $ | 234,457 | $ | 234,457 |
Shares | ||||||||
Money Market Fund 0.29% | ||||||||
Fidelity Government Portfolio(c) (cost $18,328,950) | 18,328,950 | 18,329 | ||||||
Time Deposit 0.03% | ||||||||
CitiBank N.A.(c) (cost $2,036,550) | 2,036,550 | 2,036 | ||||||
Total Short-Term Investments (cost $254,822,489) | 254,822 | |||||||
Total Investments in Securities 101.65% (cost $4,385,541,843) | 6,395,603 | |||||||
Liabilities in Excess of Other Assets (1.65)% | (103,953 | ) | ||||||
Net Assets 100.00% | $ | 6,291,650 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. | |
(b) | All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. | |
(c) | Security was purchased with the cash collateral from loaned securities. |
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Common Stocks | $ | 6,140,781 | $ | — | $ | — | $ | 6,140,781 | ||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | — | 234,457 | — | 234,457 | ||||||||||||
Money Market Fund | 18,329 | — | — | 18,329 | ||||||||||||
Time Deposit | — | 2,036 | — | 2,036 | ||||||||||||
Total | $ | 6,159,110 | $ | 236,493 | $ | — | $ | 6,395,603 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - HEALTH CARE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
COMMON STOCKS 92.56% | ||||||||
Belgium 1.59% | ||||||||
Pharmaceuticals | ||||||||
UCB SA | 329 | $ | 42 | |||||
Denmark 4.27% | ||||||||
Biotechnology 1.48% | ||||||||
Genmab A/S* | 114 | 39 | ||||||
Pharmaceuticals 2.79% | ||||||||
Novo Nordisk A/S Class B | 1,125 | 74 | ||||||
Total Denmark | 113 | |||||||
France 1.88% | ||||||||
Life Sciences Tools & Services 0.94% | ||||||||
Sartorius Stedim Biotech | 79 | 25 | ||||||
Pharmaceuticals 0.94% | ||||||||
Sanofi | 238 | 25 | ||||||
Total France | 50 | |||||||
Germany 0.79% | ||||||||
Biotechnology | ||||||||
BioNTech SE ADR* | 125 | 10 | ||||||
MorphoSys AG ADR* | 340 | 11 | ||||||
Total Germany | 21 | |||||||
Netherlands 1.40% | ||||||||
Biotechnology | ||||||||
Argenx SE* | 115 | 26 | ||||||
uniQure NV* | 255 | 11 | ||||||
Total Netherlands | 37 | |||||||
Switzerland 6.00% | ||||||||
Health Care Equipment & Supplies 0.83% | ||||||||
Alcon, Inc.* | 359 | 22 | ||||||
Life Sciences Tools & Services 2.60% | ||||||||
Lonza Group AG | 81 | 50 | ||||||
Tecan Group AG | 45 | 19 | ||||||
69 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - HEALTH CARE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Switzerland (continued) | ||||||||
Pharmaceuticals 2.57% | ||||||||
Roche Holding AG | 196 | $ | 68 | |||||
Total Switzerland | 159 | |||||||
United Kingdom 3.51% | ||||||||
Pharmaceuticals | ||||||||
AstraZeneca plc | 732 | 81 | ||||||
GW Pharmaceuticals plc ADR* | 94 | 12 | ||||||
Total United Kingdom | 93 | |||||||
United States 73.12% | ||||||||
Biotechnology 24.99% | ||||||||
Acceleron Pharma, Inc.* | 182 | 18 | ||||||
Allogene Therapeutics, Inc.* | 397 | 14 | ||||||
Amgen, Inc. | 287 | 70 | ||||||
Arena Pharmaceuticals, Inc.* | 383 | 23 | ||||||
Black Diamond Therapeutics, Inc.* | 433 | 12 | ||||||
Blueprint Medicines Corp.* | 227 | 17 | ||||||
Bridgebio Pharma, Inc.* | 591 | 17 | ||||||
ChemoCentryx, Inc.* | 334 | 18 | ||||||
Coherus Biosciences, Inc.* | 510 | 9 | ||||||
Constellation Pharmaceuticals, Inc.* | 590 | 16 | ||||||
Emergent BioSolutions, Inc.* | 140 | 16 | ||||||
Immunomedics, Inc.* | 1,090 | 46 | ||||||
Insmed, Inc.* | 603 | 16 | ||||||
Iovance Biotherapeutics, Inc.* | 701 | 20 | ||||||
Karuna Therapeutics, Inc.* | 168 | 14 | ||||||
Krystal Biotech, Inc.* | 272 | 11 | ||||||
Mirati Therapeutics, Inc.* | 194 | 23 | ||||||
Natera, Inc.* | 484 | 23 | ||||||
PTC Therapeutics, Inc.* | 182 | 8 | ||||||
Regeneron Pharmaceuticals, Inc.* | 47 | 30 | ||||||
Rocket Pharmaceuticals, Inc.* | 840 | 20 | ||||||
Sarepta Therapeutics, Inc.* | 170 | 26 | ||||||
Seattle Genetics, Inc.* | 216 | 36 | ||||||
Stoke Therapeutics, Inc.* | 381 | 10 | ||||||
TG Therapeutics, Inc.* | 1,151 | 22 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - HEALTH CARE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United States (continued) | ||||||||
Biotechnology (continued) | ||||||||
Turning Point Therapeutics, Inc.* | 321 | $ | 19 | |||||
Twist Bioscience Corp.* | 620 | 35 | ||||||
Vertex Pharmaceuticals, Inc.* | 269 | 73 | ||||||
662 | ||||||||
Health Care Equipment & Supplies 20.35% | ||||||||
Abbott Laboratories | 950 | 96 | ||||||
Align Technology, Inc.* | 80 | 23 | ||||||
Axonics Modulation Technologies, Inc.* | 441 | 19 | ||||||
Boston Scientific Corp.* | 1,046 | 40 | ||||||
Cooper Cos., Inc. (The) | 64 | 18 | ||||||
Danaher Corp. | 361 | 74 | ||||||
DexCom, Inc.* | 91 | 40 | ||||||
Edwards Lifesciences Corp.* | 234 | 18 | ||||||
IDEXX Laboratories, Inc.* | 86 | 34 | ||||||
Inari Medical, Inc.* | 124 | 7 | ||||||
Insulet Corp.* | 122 | 25 | ||||||
Intuitive Surgical, Inc.* | 68 | 47 | ||||||
Nevro Corp.* | 180 | 24 | ||||||
NuVasive, Inc.* | 169 | 10 | ||||||
Penumbra, Inc.* | 88 | 19 | ||||||
Silk Road Medical, Inc.* | 276 | 13 | ||||||
Teleflex, Inc. | 32 | 12 | ||||||
Zimmer Biomet Holdings, Inc. | 151 | 20 | ||||||
539 | ||||||||
Health Care Providers & Services 7.63% | ||||||||
Anthem, Inc. | 71 | 19 | ||||||
Centene Corp.* | 497 | 32 | ||||||
CVS Health Corp. | 679 | 43 | ||||||
Guardant Health, Inc.* | 185 | 16 | ||||||
UnitedHealth Group, Inc. | 303 | 92 | ||||||
202 | ||||||||
Health Care Technology 2.30% | ||||||||
Schrodinger, Inc.* | 189 | 14 | ||||||
Teladoc Health, Inc.* | 82 | 19 | ||||||
Veeva Systems, Inc. Class A* | 104 | 28 | ||||||
61 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - HEALTH CARE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United States (continued) | ||||||||
Internet & Direct Marketing Retail 1.06% | ||||||||
Chewy, Inc. Class A* | 525 | $ | 28 | |||||
Life Sciences Tools & Services 8.76% | ||||||||
10X Genomics, Inc. Class A* | 225 | 22 | ||||||
Adaptive Biotechnologies Corp.* | 319 | 12 | ||||||
Bio-Rad Laboratories, Inc. Class A* | 69 | 36 | ||||||
Charles River Laboratories International, Inc.* | 104 | 21 | ||||||
Codexis, Inc.* | 999 | 12 | ||||||
Quanterix Corp.* | 422 | 14 | ||||||
Repligen Corp.* | 194 | 29 | ||||||
Thermo Fisher Scientific, Inc. | 209 | 86 | ||||||
232 | ||||||||
Pharmaceuticals 8.04% | ||||||||
Catalent, Inc.* | 289 | 25 | ||||||
Johnson & Johnson | 283 | 41 | ||||||
Merck & Co., Inc. | 864 | 69 | ||||||
MyoKardia, Inc.* | 171 | 16 | ||||||
Zoetis, Inc. | 407 | 62 | ||||||
213 | ||||||||
Total United States | 1,937 | |||||||
Total Common Stocks (cost $2,070,003) | 2,452 | |||||||
Principal Amount (000) | ||||||||
SHORT-TERM INVESTMENT 5.40% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $128,400 of U.S. Treasury Note at 2.25% due 8/15/2027; value: $146,076; proceeds: $143,104 (cost $143,104) | $ | 143 | 143 | |||||
Total Investments in Securities 97.96% (cost $2,213,107) | 2,595 | |||||||
Other Assets in Excess of Liabilities 2.04% | 54 | |||||||
Net Assets 100.00% | $ | 2,649 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - HEALTH CARE FUND July 31, 2020
ADR | American Depositary Receipt. | |
* | Non-income producing security. |
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Common Stocks | ||||||||||||||||
Belgium | $ | — | $ | 42 | $ | — | $ | 42 | ||||||||
Denmark | — | 113 | — | 113 | ||||||||||||
France | — | 50 | — | 50 | ||||||||||||
Germany | 21 | — | — | 21 | ||||||||||||
Netherlands | 11 | 26 | — | 37 | ||||||||||||
Switzerland | 22 | 137 | — | 159 | ||||||||||||
United Kingdom | 12 | 81 | — | 93 | ||||||||||||
United States | 1,937 | — | — | 1,937 | ||||||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | — | 143 | — | 143 | ||||||||||||
Total | $ | 2,003 | $ | 592 | $ | — | $ | 2,595 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
LONG-TERM INVESTMENTS 97.32% | ||||||||
COMMON STOCKS 97.27% | ||||||||
Australia 3.36% | ||||||||
Capital Markets 1.11% | ||||||||
Macquarie Group Ltd. | 48,634 | $ | 4,274 | |||||
Equity Real Estate Investment Trusts 0.93% | ||||||||
Goodman Group | 293,323 | 3,566 | ||||||
Metals & Mining 1.32% | ||||||||
BHP Group Ltd. | 193,737 | 5,101 | ||||||
Total Australia | 12,941 | |||||||
Belgium 2.82% | ||||||||
Banks 0.87% | ||||||||
KBC Group NV | 59,063 | 3,368 | ||||||
Beverages 0.87% | ||||||||
Anheuser-Busch InBev SA | 61,440 | 3,336 | ||||||
Pharmaceuticals 1.08% | ||||||||
UCB SA | 32,532 | 4,180 | ||||||
Total Belgium | 10,884 | |||||||
Brazil 0.65% | ||||||||
Metals & Mining | ||||||||
Vale SA ADR | 215,828 | 2,512 | ||||||
Canada 3.09% | ||||||||
Aerospace & Defense 0.52% | ||||||||
CAE, Inc. | 134,500 | 2,007 | ||||||
Food & Staples Retailing 0.69% | ||||||||
Alimentation Couche-Tard, Inc. Class B | 76,000 | 2,641 | ||||||
Insurance 0.70% | ||||||||
Intact Financial Corp. | 24,500 | 2,675 | ||||||
Metals & Mining 0.32% | ||||||||
Lundin Mining Corp. | 221,700 | 1,241 | ||||||
Oil, Gas & Consumable Fuels 0.86% | ||||||||
Pembina Pipeline Corp. | 136,967 | 3,329 | ||||||
Total Canada | 11,893 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
China 11.59% | ||||||||
Air Freight & Logistics 0.51% | ||||||||
ZTO Express Cayman, Inc. ADR | 52,785 | $ | 1,956 | |||||
Banks 0.63% | ||||||||
China Construction Bank Corp. Class H | 3,352,000 | 2,444 | ||||||
Beverages 0.82% | ||||||||
Budweiser Brewing Co. APAC Ltd.† | 866,237 | 3,143 | ||||||
Information Technology Services 0.82% | ||||||||
GDS Holdings Ltd. ADR* | 39,113 | 3,140 | ||||||
Insurance 1.20% | ||||||||
Ping An Insurance Group Co. of China Ltd. Class H | 440,000 | 4,643 | ||||||
Interactive Media & Services 2.92% | ||||||||
Tencent Holdings Ltd. | 164,200 | 11,264 | ||||||
Internet & Direct Marketing Retail 3.27% | ||||||||
Alibaba Group Holding Ltd. ADR* | 50,208 | 12,603 | ||||||
Real Estate Management & Development 0.86% | ||||||||
Logan Group Co., Ltd. | 1,921,000 | 3,329 | ||||||
Textiles, Apparel & Luxury Goods 0.56% | ||||||||
ANTA Sports Products Ltd. | 226,000 | 2,146 | ||||||
Total China | 44,668 | |||||||
Denmark 4.01% | ||||||||
Air Freight & Logistics 0.58% | ||||||||
DSV PANALPINA A/S | 16,266 | 2,226 | ||||||
Beverages 1.14% | ||||||||
Carlsberg AS Class B | 29,787 | 4,399 | ||||||
Biotechnology 1.08% | ||||||||
Genmab A/S* | 12,066 | 4,153 | ||||||
Pharmaceuticals 1.21% | ||||||||
Novo Nordisk A/S Class B | 71,158 | 4,669 | ||||||
Total Denmark | 15,447 | |||||||
Finland 0.86% | ||||||||
Banks | ||||||||
Nordea Bank Abp* | 426,849 | 3,297 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
France 10.54% | ||||||||
Aerospace & Defense 0.57% | ||||||||
Safran SA* | 20,483 | $ | 2,178 | |||||
Auto Components 0.89% | ||||||||
Cie Generale des Etablissements Michelin SCA | 32,966 | 3,414 | ||||||
Beverages 0.65% | ||||||||
Remy Cointreau SA (a) | 15,548 | 2,494 | ||||||
Chemicals 1.40% | ||||||||
Air Liquide SA | 32,845 | 5,402 | ||||||
Construction & Engineering 0.82% | ||||||||
Vinci SA | 36,804 | 3,168 | ||||||
Electrical Equipment 0.82% | ||||||||
Schneider Electric SE | 27,699 | 3,176 | ||||||
Life Sciences Tools & Services 0.39% | ||||||||
Sartorius Stedim Biotech | 4,760 | 1,489 | ||||||
Multi-Utilities 0.67% | ||||||||
Engie SA* | 194,283 | 2,584 | ||||||
Oil, Gas & Consumable Fuels 0.87% | ||||||||
Total SE | 88,845 | 3,362 | ||||||
Personal Products 1.40% | ||||||||
L’Oreal SA | 16,131 | 5,414 | ||||||
Pharmaceuticals 0.56% | ||||||||
Sanofi | 20,584 | 2,161 | ||||||
Textiles, Apparel & Luxury Goods 1.50% | ||||||||
LVMH Moet Hennessy Louis Vuitton SE | 13,333 | 5,798 | ||||||
Total France | 40,640 | |||||||
Germany 6.99% | ||||||||
Air Freight & Logistics 1.10% | ||||||||
Deutsche Post AG Registered Shares* | 104,549 | 4,244 | ||||||
Automobiles 0.72% | ||||||||
Volkswagen AG* | 17,874 | 2,783 | ||||||
Chemicals 0.75% | ||||||||
Symrise AG | 23,131 | 2,891 | ||||||
Insurance 1.14% | ||||||||
Allianz SE Registered Shares | 21,144 | 4,387 | ||||||
Media 0.75% | ||||||||
Stroeer SE & Co. KGaA (a) | 42,452 | 2,907 | ||||||
Software 1.79% | ||||||||
SAP SE | 43,580 | 6,879 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Germany (continued) | ||||||||
Textiles, Apparel & Luxury Goods 0.74% | ||||||||
adidas AG* | 10,384 | $ | 2,864 | |||||
Total Germany | 26,955 | |||||||
Hong Kong 3.44% | ||||||||
Capital Markets 1.25% | ||||||||
Hong Kong Exchanges & Clearing Ltd. | 100,800 | 4,800 | ||||||
Insurance 1.48% | ||||||||
AIA Group Ltd. | 633,500 | 5,712 | ||||||
Machinery 0.71% | ||||||||
Techtronic Industries Co. Ltd. | 261,500 | 2,735 | ||||||
Total Hong Kong | 13,247 | |||||||
India 1.25% | ||||||||
Banks | ||||||||
HDFC Bank Ltd. ADR* | 52,775 | 2,467 | ||||||
ICICI Bank Ltd. ADR* | 251,045 | 2,358 | ||||||
Total India | 4,825 | |||||||
Indonesia 0.57% | ||||||||
Banks | ||||||||
Bank Rakyat Indonesia Persero Tbk PT | 10,162,600 | 2,207 | ||||||
Ireland 1.07% | ||||||||
Construction Materials | ||||||||
CRH plc | 114,581 | 4,138 | ||||||
Japan 14.35% | ||||||||
Automobiles 1.41% | ||||||||
Toyota Motor Corp. | 91,900 | 5,455 | ||||||
Banks 0.70% | ||||||||
Sumitomo Mitsui Financial Group, Inc. | 101,100 | 2,694 | ||||||
Building Products 1.73% | ||||||||
Daikin Industries Ltd. | 25,700 | 4,522 | ||||||
Sanwa Holdings Corp. | 253,300 | 2,171 | ||||||
6,693 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Japan (continued) | ||||||||
Commercial Services & Supplies 0.67% | ||||||||
Secom Co. Ltd. | 29,900 | $ | 2,586 | |||||
Electrical Equipment 1.05% | ||||||||
Nidec Corp. | 50,800 | 4,035 | ||||||
Electronic Equipment, Instruments & Components 3.90% | ||||||||
Hitachi Ltd. | 62,600 | 1,875 | ||||||
Keyence Corp. | 9,947 | 4,195 | ||||||
Murata Manufacturing Co., Ltd. | 74,000 | 4,753 | ||||||
TDK Corp. | 37,700 | 4,197 | ||||||
15,020 | ||||||||
Health Care Equipment & Supplies 1.17% | ||||||||
Hoya Corp. | 45,700 | 4,507 | ||||||
Health Care Technology 0.27% | ||||||||
M3, Inc. | 20,000 | 1,027 | ||||||
Household Durables 1.80% | ||||||||
Sony Corp. | 89,500 | 6,954 | ||||||
Specialty Retail 0.65% | ||||||||
Fast Retailing Co. Ltd. | 4,700 | 2,499 | ||||||
Trading Companies & Distributors 1.00% | ||||||||
ITOCHU Corp. | 175,400 | 3,846 | ||||||
Total Japan | 55,316 | |||||||
Netherlands 3.40% | ||||||||
Chemicals 1.08% | ||||||||
Akzo Nobel NV | 43,938 | 4,140 | ||||||
Oil, Gas & Consumable Fuels 0.82% | ||||||||
Royal Dutch Shell plc A Shares | 216,933 | 3,171 | ||||||
Semiconductors & Semiconductor Equipment 1.50% | ||||||||
ASML Holding NV | 16,295 | 5,793 | ||||||
Total Netherlands | 13,104 | |||||||
Peru 0.56% | ||||||||
Banks | ||||||||
Credicorp Ltd. | 17,127 | 2,178 | ||||||
Russia 1.03% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
Lukoil PJSC ADR | 58,332 | 3,957 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Singapore 0.48% | ||||||||
Banks | ||||||||
United Overseas Bank Ltd. | 132,800 | $ | 1,870 | |||||
South Africa 1.10% | ||||||||
Metals & Mining | ||||||||
Anglo American plc | 175,877 | 4,258 | ||||||
South Korea 2.66% | ||||||||
Personal Products 0.52% | ||||||||
LG Household & Health Care Ltd. | 1,737 | 2,003 | ||||||
Technology Hardware, Storage & Peripherals 2.14% | ||||||||
Samsung Electronics Co., Ltd. | 168,990 | 8,259 | ||||||
Total South Korea | 10,262 | |||||||
Spain 1.96% | ||||||||
Diversified Telecommunication Services 0.74% | ||||||||
Cellnex Telecom SA† | 45,627 | 2,872 | ||||||
Electric: Utilities 1.22% | ||||||||
Iberdrola SA | 7,803 | 100 | ||||||
Iberdrola SA | 355,112 | 4,590 | ||||||
4,690 | ||||||||
Total Spain | 7,562 | |||||||
Sweden 1.68% | ||||||||
Machinery | ||||||||
Atlas Copco AB A Shares | 62,410 | 2,770 | ||||||
Sandvik AB* | 197,474 | 3,691 | ||||||
Total Sweden | 6,461 | |||||||
Switzerland 8.61% | ||||||||
Capital Markets 1.11% | ||||||||
UBS Group AG | 363,506 | 4,282 | ||||||
Food Products 2.33% | ||||||||
Nestle SA Registered Shares | 75,608 | 8,991 | ||||||
Insurance 0.99% | ||||||||
Zurich Financial Services AG | 10,265 | 3,796 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Switzerland (continued) | ||||||||
Life Sciences Tools & Services 2.49% | ||||||||
Lonza Group AG | 12,176 | $ | 7,614 | |||||
Tecan Group AG | 4,758 | 1,996 | ||||||
9,610 | ||||||||
Pharmaceuticals 1.69% | ||||||||
Roche Holding AG | 18,795 | 6,510 | ||||||
Total Switzerland | 33,189 | |||||||
Taiwan 3.69% | ||||||||
Machinery 0.70% | ||||||||
Airtac International Group | 128,000 | 2,685 | ||||||
Semiconductors & Semiconductor Equipment 2.99% | ||||||||
MediaTek, Inc. | 110,000 | 2,627 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 113,049 | 8,918 | ||||||
11,545 | ||||||||
Total Taiwan | 14,230 | |||||||
United Kingdom 4.75% | ||||||||
Capital Markets 1.04% | ||||||||
London Stock Exchange Group plc | 36,342 | 4,014 | ||||||
Insurance 0.76% | ||||||||
Prudential plc | 204,446 | 2,922 | ||||||
Personal Products 0.73% | ||||||||
Unilever plc | 47,632 | 2,836 | ||||||
Pharmaceuticals 1.49% | ||||||||
AstraZeneca plc | 51,912 | 5,735 | ||||||
Professional Services 0.73% | ||||||||
RELX plc | 133,075 | 2,802 | ||||||
Total United Kingdom | 18,309 | |||||||
United States 2.76% | ||||||||
Information Technology Services 1.68% | ||||||||
Accenture plc Class A | 13,524 | 3,040 | ||||||
Fidelity National Information Services, Inc. | 23,467 | 3,434 | ||||||
6,474 | ||||||||
Trading Companies & Distributors 1.08% | ||||||||
Ferguson plc | 47,077 | 4,149 | ||||||
Total United States | 10,623 | |||||||
Total Common Stocks (cost $323,741,700) | 374,973 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
RIGHTS 0.05% | ||||||||
Spain | ||||||||
Diversified Telecommunication Services | ||||||||
Cellnex Telecom SA*(c) (cost $0) | 45,627 | $ | 191 | |||||
Total Long-Term Investments (cost $323,741,700) | 375,164 | |||||||
Principal Amount (000) | ||||||||
SHORT-TERM INVESTMENTS 4.28% | ||||||||
Repurchase Agreement 2.84% | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $10,291,200 of U.S. Treasury Note at 2.25% due 4/30/2024; value: $11,148,261; proceeds: $10,929,660 (cost $10,929,660) | $ | 10,930 | 10,930 | |||||
Shares | ||||||||
Money Market Fund 1.30% | ||||||||
Fidelity Government Portfolio(b) (cost $5,000,460) | 5,000,460 | 5,000 | ||||||
Time Deposit 0.14% | ||||||||
CitiBank N.A.(b) (cost $555,607) | 555,607 | 556 | ||||||
Total Short-Term Investments (cost $16,485,727) | 16,486 | |||||||
Total Investments in Securities 101.60% (cost $340,227,427) | 391,650 | |||||||
Liabilities in Excess of Cash, Foreign Cash and Other Assets (1.60)% | (6,173 | ) | ||||||
Net Assets 100.00% | $ | 385,477 |
ADR | American Depositary Receipt. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL EQUITY FUND July 31, 2020
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2020, the total value of Rule 144A securities was $6,015,000, which represents 1.56% of net assets. | |
* | Non-income producing security. | |
(a) | All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. | |
(b) | Security was purchased with the cash collateral from loaned securities. | |
(c) | Exercise price of 39.45 EUR and expiration date of 8/10/2021. |
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Long-Term Investments | ||||||||||||||||
Common Stocks | ||||||||||||||||
Australia | $ | — | $ | 12,941 | $ | — | $ | 12,941 | ||||||||
Belgium | — | 10,884 | — | 10,884 | ||||||||||||
Brazil | 2,512 | — | — | 2,512 | ||||||||||||
Canada | 11,893 | — | — | 11,893 | ||||||||||||
China | 17,699 | 26,969 | — | 44,668 | ||||||||||||
Denmark | — | 15,447 | — | 15,447 | ||||||||||||
Finland | — | 3,297 | — | 3,297 | ||||||||||||
France | — | 40,640 | — | 40,640 | ||||||||||||
Germany | — | 26,955 | — | 26,955 | ||||||||||||
Hong Kong | — | 13,247 | — | 13,247 | ||||||||||||
India | 4,825 | — | — | 4,825 | ||||||||||||
Indonesia | — | 2,207 | — | 2,207 | ||||||||||||
Ireland | — | 4,138 | — | 4,138 | ||||||||||||
Japan | — | 55,316 | — | 55,316 | ||||||||||||
Netherlands | — | 13,104 | — | 13,104 | ||||||||||||
Peru | 2,178 | — | — | 2,178 | ||||||||||||
Russia | — | 3,957 | — | 3,957 | ||||||||||||
Singapore | — | 1,870 | — | 1,870 | ||||||||||||
South Africa | — | 4,258 | — | 4,258 | ||||||||||||
South Korea | — | 10,262 | — | 10,262 | ||||||||||||
Spain | — | 7,562 | — | 7,562 | ||||||||||||
Sweden | — | 6,461 | — | 6,461 | ||||||||||||
Switzerland | — | 33,189 | — | 33,189 | ||||||||||||
Taiwan | 8,918 | 5,312 | — | 14,230 | ||||||||||||
United Kingdom | — | 18,309 | — | 18,309 | ||||||||||||
United States | 6,474 | 4,149 | — | 10,623 | ||||||||||||
Right | 191 | — | — | 191 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | — | 10,930 | — | 10,930 | ||||||||||||
Money Market Fund | 5,000 | — | — | 5,000 | ||||||||||||
Time Deposit | — | 556 | — | 556 | ||||||||||||
Total | $ | 59,690 | $ | 331,960 | $ | — | $ | 391,650 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
COMMON STOCKS 97.16% | ||||||||
Australia 4.44% | ||||||||
Auto Components 0.58% | ||||||||
GUD Holdings Ltd. | 294,528 | $ | 2,350 | |||||
Diversified Financial Services 0.74% | ||||||||
Omni Bridgeway Ltd. | 906,228 | 2,966 | ||||||
Electric: Utilities 1.56% | ||||||||
AusNet Services | 4,936,100 | 6,307 | ||||||
Food Products 1.01% | ||||||||
Costa Group Holdings Ltd. | 1,917,452 | 4,074 | ||||||
Professional Services 0.55% | ||||||||
IPH Ltd. | 415,373 | 2,201 | ||||||
Total Australia | 17,898 | |||||||
Austria 3.73% | ||||||||
Banks 1.35% | ||||||||
BAWAG Group AG*† | 148,122 | 5,438 | ||||||
Electronic Equipment, Instruments & Components 1.09% | ||||||||
AT&S Austria Technologie & Systemtechnik AG | 232,688 | 4,401 | ||||||
Machinery 1.29% | ||||||||
ANDRITZ AG | 155,638 | 5,225 | ||||||
Total Austria | 15,064 | |||||||
Belgium 1.31% | ||||||||
Equity Real Estate Investment Trusts 0.78% | ||||||||
Warehouses De Pauw CVA | 97,414 | 3,135 | ||||||
Wireless Telecommunication Services 0.53% | ||||||||
Orange Belgium SA | 128,637 | 2,154 | ||||||
Total Belgium | 5,289 | |||||||
Canada 1.86% | ||||||||
Aerospace & Defense 0.67% | ||||||||
CAE, Inc. | 180,200 | 2,690 | ||||||
Paper & Forest Products 1.19% | ||||||||
Interfor Corp.* | 414,600 | 4,813 | ||||||
Total Canada | 7,503 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Chile 0.93% | ||||||||
Metals & Mining | ||||||||
Lundin Mining Corp. | 670,000 | $ | 3,752 | |||||
Denmark 1.39% | ||||||||
Machinery | ||||||||
FLSmidth & Co. A/S* | 187,323 | 5,590 | ||||||
France 1.63% | ||||||||
Construction Materials 0.62% | ||||||||
Vicat SA | 75,301 | 2,483 | ||||||
Health Care Providers & Services 1.01% | ||||||||
Korian SA* | 99,525 | 4,080 | ||||||
Total France | 6,563 | |||||||
Germany 7.42% | ||||||||
Biotechnology 0.95% | ||||||||
MorphoSys AG* | 29,905 | 3,839 | ||||||
Industrial Conglomerates 1.67% | ||||||||
Rheinmetall AG | 71,257 | 6,737 | ||||||
Life Sciences Tools & Services 1.60% | ||||||||
Gerresheimer AG | 56,185 | 6,463 | ||||||
Media 0.66% | ||||||||
Stroeer SE & Co. KGaA (a) | 39,032 | 2,673 | ||||||
Real Estate Management & Development 2.54% | ||||||||
LEG Immobilien AG* | 27,426 | 3,824 | ||||||
PATRIZIA AG | 234,313 | 6,423 | ||||||
10,247 | ||||||||
Total Germany | 29,959 | |||||||
Hong Kong 4.40% | ||||||||
Auto Components 1.37% | ||||||||
Xinyi Glass Holdings Ltd. | 3,770,000 | 5,531 | ||||||
Consumer Finance 0.33% | ||||||||
Sun Hung Kai & Co., Ltd. | 3,381,000 | 1,305 | ||||||
Hotels, Restaurants & Leisure 0.91% | ||||||||
Melco International Development Ltd. | 1,950,000 | 3,681 | ||||||
Pharmaceuticals 0.35% | ||||||||
SSY Group Ltd. | 2,212,000 | 1,398 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Hong Kong (continued) | ||||||||
Real Estate Management & Development 0.32% | ||||||||
Kerry Properties Ltd. | 545,500 | $ | 1,298 | |||||
Semiconductors & Semiconductor Equipment 0.66% | ||||||||
ASM Pacific Technology Ltd. | 236,200 | 2,666 | ||||||
Textiles, Apparel & Luxury Goods 0.46% | ||||||||
Stella International Holdings Ltd. | 1,918,432 | 1,866 | ||||||
Total Hong Kong | 17,745 | |||||||
Iceland 1.23% | ||||||||
Machinery | ||||||||
Marel HF† | 948,430 | 4,979 | ||||||
Ireland 3.92% | ||||||||
Equity Real Estate Investment Trusts 0.88% | ||||||||
Hibernia REIT plc | 2,650,135 | 3,546 | ||||||
Health Care Providers & Services 1.32% | ||||||||
UDG Healthcare plc | 575,900 | 5,347 | ||||||
Household Durables 0.42% | ||||||||
Glenveagh Properties plc*† | 2,059,635 | 1,698 | ||||||
Information Technology Services 1.30% | ||||||||
Keywords Studios plc | 209,923 | 5,227 | ||||||
Total Ireland | 15,818 | |||||||
Italy 7.88% | ||||||||
Auto Components 1.38% | ||||||||
Freni Brembo SpA* | 614,058 | 5,562 | ||||||
Capital Markets 1.80% | ||||||||
Anima Holding SpA† | 1,609,034 | 7,259 | ||||||
Construction Materials 1.09% | ||||||||
Buzzi Unicem SpA | 194,369 | 4,422 | ||||||
Diversified Financial Services 0.63% | ||||||||
doValue SpA*†(a) | 231,033 | 2,542 | ||||||
Machinery 2.32% | ||||||||
IMA Industria Macchine Automatiche SpA*(a) | 117,760 | 9,363 | ||||||
Textiles, Apparel & Luxury Goods 0.66% | ||||||||
Brunello Cucinelli SpA* | 57,404 | 1,666 | ||||||
Salvatore Ferragamo SpA* | 73,342 | 988 | ||||||
2,654 | ||||||||
Total Italy | 31,802 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Japan 23.37% | ||||||||
Auto Components 0.93% | ||||||||
FCC Co., Ltd. | 243,500 | $ | 3,768 | |||||
Building Products 1.35% | ||||||||
Sanwa Holdings Corp. | 636,300 | 5,453 | ||||||
Chemicals 0.66% | ||||||||
Kansai Paint Co., Ltd. | 139,200 | 2,668 | ||||||
Construction & Engineering 1.95% | ||||||||
SHO-BOND Holdings Co. Ltd. | 182,600 | 7,875 | ||||||
Distributors 1.20% | ||||||||
PALTAC Corp. | 89,400 | 4,842 | ||||||
Electronic Equipment, Instruments & Components 3.40% | ||||||||
Azbil Corp. | 319,500 | 10,651 | ||||||
Taiyo Yuden Co., Ltd. | 96,500 | 3,059 | ||||||
13,710 | ||||||||
Entertainment 1.76% | ||||||||
Capcom Co., Ltd. | 180,400 | 7,090 | ||||||
Equity Real Estate Investment Trusts 2.51% | ||||||||
GLP J-REIT | 2,600 | 4,337 | ||||||
Nippon Prologis REIT, Inc. | 1,673 | 5,775 | ||||||
10,112 | ||||||||
Food Products 1.07% | ||||||||
Nichirei Corp. | 151,000 | 4,311 | ||||||
Information Technology Services 1.82% | ||||||||
BASE, Inc.* | 37,800 | 2,332 | ||||||
TIS, Inc. | 234,600 | 5,024 | ||||||
7,356 | ||||||||
Machinery 1.91% | ||||||||
CKD Corp. | 153,900 | 2,970 | ||||||
OSG Corp. | 347,800 | 4,739 | ||||||
7,709 | ||||||||
Professional Services 0.75% | ||||||||
TechnoPro Holdings, Inc. | 59,100 | 3,020 | ||||||
Real Estate Management & Development 0.60% | ||||||||
Kenedix, Inc. | 534,500 | 2,431 | ||||||
Software 0.82% | ||||||||
Money Forward, Inc.* | 49,100 | 3,305 | ||||||
Specialty Retail 1.08% | ||||||||
Bic Camera, Inc. | 336,400 | 3,390 | ||||||
United Arrows Ltd. | 73,400 | 969 | ||||||
4,359 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Japan (continued) | ||||||||
Thrifts & Mortgage Finance 0.44% | ||||||||
Aruhi Corp. | 138,700 | $ | 1,784 | |||||
Wireless Telecommunication Services 1.12% | ||||||||
Okinawa Cellular Telephone Co. | 112,600 | 4,508 | ||||||
Total Japan | 94,301 | |||||||
Netherlands 0.37% | ||||||||
Biotechnology | ||||||||
uniQure NV* | 36,208 | 1,511 | ||||||
Norway 0.51% | ||||||||
Software | ||||||||
Pexip Holding ASA* | 223,395 | 2,062 | ||||||
Portugal 1.60% | ||||||||
Multi-Utilities | ||||||||
REN - Redes Energeticas Nacionais SGPS SA | 2,241,381 | 6,448 | ||||||
South Korea 3.17% | ||||||||
Food & Staples Retailing 0.73% | ||||||||
GS Retail Co., Ltd. | 103,000 | 2,973 | ||||||
Semiconductors & Semiconductor Equipment 0.98% | ||||||||
WONIK IPS Co., Ltd.* | 121,920 | 3,947 | ||||||
Software 1.46% | ||||||||
Douzone Bizon Co. Ltd. | 66,737 | 5,884 | ||||||
Total South Korea | 12,804 | |||||||
Spain 2.24% | ||||||||
Containers & Packaging 1.29% | ||||||||
Vidrala SA | 47,590 | 5,219 | ||||||
Professional Services 0.95% | ||||||||
Applus Services SA* | 494,030 | 3,829 | ||||||
Total Spain | 9,048 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Sweden 2.14% | ||||||||
Auto Components 0.83% | ||||||||
Dometic Group AB*† | 343,004 | $ | 3,349 | |||||
Commercial Services & Supplies 0.73% | ||||||||
Loomis AB* | 123,442 | 2,949 | ||||||
Food & Staples Retailing 0.58% | ||||||||
Axfood AB | 102,997 | 2,318 | ||||||
Total Sweden | 8,616 | |||||||
Switzerland 5.41% | ||||||||
Airlines 0.85% | ||||||||
Wizz Air Holdings plc*† | 82,268 | 3,450 | ||||||
Containers & Packaging 1.20% | ||||||||
SIG Combibloc Group AG* | 276,589 | 4,839 | ||||||
Insurance 0.62% | ||||||||
Swiss Life Holding AG* | 6,842 | 2,501 | ||||||
Life Sciences Tools & Services 1.50% | ||||||||
Tecan Group AG | 14,397 | 6,038 | ||||||
Machinery 1.24% | ||||||||
Sulzer AG | 60,459 | 5,013 | ||||||
Total Switzerland | 21,841 | |||||||
Taiwan 1.84% | ||||||||
Semiconductors & Semiconductor Equipment | ||||||||
Realtek Semiconductor Corp. | 501,000 | 6,392 | ||||||
Visual Photonics Epitaxy Co., Ltd. | 356,000 | 1,052 | ||||||
7,444 | ||||||||
United Arab Emirates 1.18% | ||||||||
Information Technology Services | ||||||||
Network International Holdings plc*† | 901,185 | 4,757 | ||||||
United Kingdom 12.72% | ||||||||
Aerospace & Defense 0.43% | ||||||||
Senior plc | 2,558,219 | 1,737 | ||||||
Beverages 1.16% | ||||||||
Britvic plc | 451,277 | 4,691 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United Kingdom (continued) | ||||||||
Capital Markets 1.20% | ||||||||
Man Group plc | 3,008,728 | $ | 4,854 | |||||
Construction Materials 1.33% | ||||||||
Breedon Group plc* | 5,413,953 | 5,386 | ||||||
Consumer Finance 0.27% | ||||||||
Arrow Global Group plc | 1,079,979 | 1,069 | ||||||
Equity Real Estate Investment Trusts 0.53% | ||||||||
UNITE Group plc (The)* | 174,039 | 2,136 | ||||||
Insurance 1.75% | ||||||||
Lancashire Holdings Ltd. | 695,702 | 7,042 | ||||||
Internet & Direct Marketing Retail 1.04% | ||||||||
ASOS plc* | 95,969 | 4,198 | ||||||
Machinery 0.92% | ||||||||
Concentric AB* | 216,977 | 3,711 | ||||||
Media 0.49% | ||||||||
S4 Capital plc* | 442,072 | 1,996 | ||||||
Multi-Line Retail 1.57% | ||||||||
B&M European Value Retail SA | 1,052,679 | 6,329 | ||||||
Pharmaceuticals 0.72% | ||||||||
Dechra Pharmaceuticals plc | 77,533 | 2,885 | ||||||
Specialty Retail 0.56% | ||||||||
WH Smith plc | 184,369 | 2,266 | ||||||
Trading Companies & Distributors 0.75% | ||||||||
Grafton Group plc Unit | 361,137 | 3,024 | ||||||
Total United Kingdom | 51,324 | |||||||
United States 2.47% | ||||||||
Exchange- Traded Funds | ||||||||
VanEck Vectors Junior Gold Miners | 165,038 | 9,975 | ||||||
Total Common Stocks (cost $380,490,074) | 392,093 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
Investments | Principal Amount (000) | U.S. $ Fair Value (000) | ||||||
SHORT-TERM INVESTMENTS 3.12% | ||||||||
Repurchase Agreement 0.44% | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $1,700,100 of U.S. Treasury Note at 2.25% due 4/30/2024; value: $1,841,686; proceeds: $1,805,488 (cost $1,805,488) | $ | 1,806 | $ | 1,806 | ||||
Shares | ||||||||
Money Market Fund 2.41% | ||||||||
Fidelity Government Portfolio(b) (cost $9,721,765) | 9,721,765 | 9,722 | ||||||
Time Deposit 0.27% | ||||||||
CitiBank N.A.(b) (cost $1,080,197) | 1,080,197 | 1,080 | ||||||
Total Short-Term Investments (cost $12,607,450) | 12,608 | |||||||
Total Investments in Securities 100.28% (cost $393,097,524) | 404,701 | |||||||
Liabilities in Excess of Foreign Cash and Other Assets(c) (0.28)% | (1,132 | ) | ||||||
Net Assets 100.00% | $ | 403,569 |
REIT | Real Estate Investment Trust. | |
* | Non-income producing security. | |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2020, the total value of Rule 144A securities was $33,472, which represents 8.29% of net assets. | |
(a) | All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. | |
(b) | Security was purchased with the cash collateral from loaned securities. | |
(c) | Liabilities in Excess of Foreign Cash and Other Assets net unrealized depreciation on Total return swaps as follows: |
Open Total Return Swap Contracts at July 31, 2020:
Swap Counterparty | Referenced Index* | Referenced Spread | Units | Position | Termination Date | Notional Amount | Notional Value | Unrealized Depreciation |
Bank of America | MLEILAEN | 1 Mo. LIBOR +.36% | 94,118 | Long | 6/11/2021 | $6,061,199 | $5,990,846 | $(70,353) |
* | Merrill Lynch Custom Basket Index. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL OPPORTUNITIES FUND July 31, 2020
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Common Stocks | ||||||||||||||||
Canada | $ | 7,503 | $ | — | $ | — | $ | 7,503 | ||||||||
Chile | 3,752 | — | — | 3,752 | ||||||||||||
France | 2,483 | 4,080 | — | 6,563 | ||||||||||||
Ireland | 8,773 | 7,045 | — | 15,818 | ||||||||||||
Italy | 13,571 | 18,231 | — | 31,802 | ||||||||||||
Netherlands | 1,511 | — | — | 1,511 | ||||||||||||
Norway | 2,062 | — | — | 2,062 | ||||||||||||
Sweden | 2,949 | 5,667 | — | 8,616 | ||||||||||||
United Kingdom | 8,451 | 42,873 | — | 51,324 | ||||||||||||
United States | 9,975 | — | — | 9,975 | ||||||||||||
Remaining Countries | — | 253,167 | — | 253,167 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | — | 1,806 | — | 1,806 | ||||||||||||
Money Market Fund | 9,722 | — | — | 9,722 | ||||||||||||
Time Deposit | — | 1,080 | — | 1,080 | ||||||||||||
Total | $ | 70,752 | $ | 333,949 | $ | — | $ | 404,701 | ||||||||
Other Financial Instruments | ||||||||||||||||
Total Return Swap Contracts | ||||||||||||||||
Assets | $ | — | $ | — | $ | — | $ | — | ||||||||
Liabilities | — | (70 | ) | — | (70 | ) | ||||||||||
Total | $ | — | $ | (70 | ) | $ | — | $ | (70 | ) |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL VALUE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
COMMON STOCKS 97.18% | ||||||||
Australia 5.26% | ||||||||
Banks 1.57% | ||||||||
National Australia Bank Ltd. | 592,902 | $ | 7,402 | |||||
Capital Markets 0.92% | ||||||||
Macquarie Group Ltd. | 49,085 | 4,314 | ||||||
Equity Real Estate Investment Trusts 0.97% | ||||||||
Goodman Group | 376,125 | 4,573 | ||||||
Metals & Mining 1.80% | ||||||||
BHP Group Ltd. | 322,014 | 8,478 | ||||||
Total Australia | 24,767 | |||||||
Austria 1.31% | ||||||||
Banks | ||||||||
BAWAG Group AG*† | 167,557 | 6,151 | ||||||
Belgium 2.26% | ||||||||
Beverages 1.36% | ||||||||
Anheuser-Busch InBev SA | 117,682 | 6,390 | ||||||
Pharmaceuticals 0.90% | ||||||||
UCB SA | 33,198 | 4,266 | ||||||
Total Belgium | 10,656 | |||||||
Brazil 0.90% | ||||||||
Metals & Mining | ||||||||
Vale SA ADR | 363,811 | 4,235 | ||||||
Canada 3.11% | ||||||||
Banks 1.05% | ||||||||
Royal Bank of Canada | 71,400 | 4,925 | ||||||
Metals & Mining 0.78% | ||||||||
Lundin Mining Corp. | 653,655 | 3,660 | ||||||
Oil, Gas & Consumable Fuels 1.28% | ||||||||
Pembina Pipeline Corp. | 249,033 | 6,052 | ||||||
Total Canada | 14,637 | |||||||
Chile 0.53% | ||||||||
Water Utilities | ||||||||
Aguas Andinas SA | 7,164,165 | 2,519 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL VALUE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
China 4.31% | ||||||||
Banks 0.14% | ||||||||
China Construction Bank Corp. Class H | 916,000 | $ | 668 | |||||
Construction Materials 1.09% | ||||||||
China Resources Cement Holdings Ltd. | 3,734,000 | 5,112 | ||||||
Internet & Direct Marketing Retail 1.11% | ||||||||
Alibaba Group Holding Ltd. ADR* | 20,791 | 5,219 | ||||||
Oil, Gas & Consumable Fuels 1.00% | ||||||||
CNOOC Ltd. | 4,478,000 | 4,727 | ||||||
Real Estate Management & Development 0.97% | ||||||||
Logan Group Co., Ltd. | 2,640,000 | 4,575 | ||||||
Total China | 20,301 | |||||||
France 15.60% | ||||||||
Aerospace & Defense 0.91% | ||||||||
Safran SA* | 40,144 | 4,269 | ||||||
Banks 1.89% | ||||||||
Credit Agricole SA* | 922,465 | 8,879 | ||||||
Building Products 1.50% | ||||||||
Cie de Saint-Gobain* | 191,002 | 7,066 | ||||||
Construction & Engineering 1.30% | ||||||||
Vinci SA | 71,011 | 6,112 | ||||||
Diversified Telecommunication Services 1.05% | ||||||||
Orange SA | 422,875 | 4,956 | ||||||
Food Products 1.12% | ||||||||
Danone SA | 78,617 | 5,262 | ||||||
Gas Utilities 0.78% | ||||||||
Rubis SCA | 78,077 | 3,683 | ||||||
Insurance 1.56% | ||||||||
AXA SA | 366,417 | 7,352 | ||||||
Multi-Utilities 1.25% | ||||||||
Engie SA* | 443,476 | 5,908 | ||||||
Oil, Gas & Consumable Fuels 1.11% | ||||||||
Total SE | 138,673 | 5,248 | ||||||
Pharmaceuticals 3.13% | ||||||||
Sanofi | 140,200 | 14,721 | ||||||
Total France | 73,456 | |||||||
Germany 10.72% | ||||||||
Air Freight & Logistics 1.81% | ||||||||
Deutsche Post AG Registered Shares* | 210,124 | 8,529 | ||||||
Auto Components 0.97% | ||||||||
Continental AG | 47,526 | 4,591 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL VALUE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Germany (continued) | ||||||||
Automobiles 1.37% | ||||||||
Volkswagen AG* | 41,599 | $ | 6,477 | |||||
Industrial Conglomerates 1.55% | ||||||||
Siemens AG Registered Shares | 57,188 | 7,288 | ||||||
Insurance 2.04% | ||||||||
Allianz SE Registered Shares | 46,249 | 9,595 | ||||||
Machinery 0.95% | ||||||||
KION Group AG | 58,350 | 4,459 | ||||||
Media 0.67% | ||||||||
Stroeer SE & Co. KGaA (a) | 46,005 | 3,150 | ||||||
Pharmaceuticals 0.52% | ||||||||
Bayer AG Registered Shares | 37,002 | 2,458 | ||||||
Semiconductors & Semiconductor Equipment 0.84% | ||||||||
Infineon Technologies AG | 154,639 | 3,943 | ||||||
Total Germany | 50,490 | |||||||
Hong Kong 3.24% | ||||||||
Auto Components 1.16% | ||||||||
Xinyi Glass Holdings Ltd. | 3,732,000 | 5,475 | ||||||
Electric: Utilities 0.87% | ||||||||
CK Infrastructure Holdings Ltd. | 782,000 | 4,078 | ||||||
Real Estate Management & Development 1.21% | ||||||||
Kerry Properties Ltd. | 2,396,000 | 5,702 | ||||||
Total Hong Kong | 15,255 | |||||||
Italy 0.63% | ||||||||
Auto Components | ||||||||
Freni Brembo SpA (a) | 326,964 | 2,961 | ||||||
Japan 16.20% | ||||||||
Automobiles 1.78% | ||||||||
Toyota Motor Corp. | 141,200 | 8,382 | ||||||
Banks 1.63% | ||||||||
Sumitomo Mitsui Financial Group, Inc. | 288,500 | 7,687 | ||||||
Beverages 1.35% | ||||||||
Asahi Group Holdings Ltd. | 194,400 | 6,337 | ||||||
Building Products 1.48% | ||||||||
Sanwa Holdings Corp. | 815,800 | 6,991 | ||||||
Diversified Financial Services 1.12% | ||||||||
ORIX Corp. | 487,600 | 5,273 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL VALUE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Japan (continued) | ||||||||
Electronic Equipment, Instruments & Components 2.65% | ||||||||
Hitachi Ltd. | 149,700 | $ | 4,484 | |||||
TDK Corp. | 71,800 | 7,994 | ||||||
12,478 | ||||||||
Household Durables 1.91% | ||||||||
Sony Corp. | 115,500 | 8,974 | ||||||
Insurance 1.16% | ||||||||
Tokio Marine Holdings, Inc. | 128,900 | 5,443 | ||||||
Trading Companies & Distributors 1.46% | ||||||||
ITOCHU Corp. | 312,800 | 6,859 | ||||||
Wireless Telecommunication Services 1.66% | ||||||||
SoftBank Group Corp. | 124,200 | 7,834 | ||||||
Total Japan | 76,258 | |||||||
Macau 1.18% | ||||||||
Hotels, Restaurants & Leisure | ||||||||
Sands China Ltd. | 1,462,000 | 5,574 | ||||||
Mexico 0.61% | ||||||||
Banks | ||||||||
Grupo Financiero Banorte SAB de CV | 795,266 | 2,855 | ||||||
Netherlands 1.76% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
Royal Dutch Shell plc Class A ADR(a) | 278,221 | 8,294 | ||||||
New Zealand 1.13% | ||||||||
Diversified Telecommunication Services | ||||||||
Spark New Zealand Ltd. | 1,616,820 | 5,299 | ||||||
Peru 0.45% | ||||||||
Banks | ||||||||
Credicorp Ltd. | 16,648 | 2,117 | ||||||
Russia 1.26% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
Lukoil PJSC ADR | 87,115 | 5,909 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL VALUE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Singapore 0.78% | ||||||||
Electronic Equipment, Instruments & Components | ||||||||
Venture Corp. Ltd. | 282,300 | $ | 3,687 | |||||
South Africa 2.37% | ||||||||
Metals & Mining | ||||||||
Anglo American plc | 461,028 | 11,161 | ||||||
South Korea 2.01% | ||||||||
Technology Hardware, Storage & Peripherals | ||||||||
Samsung Electronics Co., Ltd. | 194,102 | 9,486 | ||||||
Sweden 1.13% | ||||||||
Commercial Services & Supplies 0.79% | ||||||||
Loomis AB* | 155,141 | 3,707 | ||||||
Machinery 0.34% | ||||||||
Sandvik AB* | 87,318 | 1,632 | ||||||
Total Sweden | 5,339 | |||||||
Switzerland 6.79% | ||||||||
Capital Markets 1.95% | ||||||||
UBS Group AG | 778,917 | 9,176 | ||||||
Insurance 1.89% | ||||||||
Swiss Life Holding AG* | 7,113 | 2,599 | ||||||
Zurich Financial Services AG | 17,086 | 6,319 | ||||||
8,918 | ||||||||
Pharmaceuticals 2.95% | ||||||||
Novartis AG Registered Shares | 77,243 | 6,362 | ||||||
Roche Holding AG | 21,696 | 7,515 | ||||||
13,877 | ||||||||
Total Switzerland | 31,971 | |||||||
Taiwan 0.68% | ||||||||
Semiconductors & Semiconductor Equipment | ||||||||
Realtek Semiconductor Corp. | 250,000 | 3,190 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL VALUE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United Kingdom 11.64% | ||||||||
Aerospace & Defense 1.10% | ||||||||
BAE Systems plc | 809,581 | $ | 5,188 | |||||
Hotels, Restaurants & Leisure 0.83% | ||||||||
GVC Holdings plc | 451,842 | 3,910 | ||||||
Household Durables 1.05% | ||||||||
Persimmon plc* | 157,592 | 4,920 | ||||||
Insurance 2.78% | ||||||||
Prudential plc | 467,000 | 6,674 | ||||||
RSA Insurance Group plc | 1,147,061 | 6,402 | ||||||
13,076 | ||||||||
Multi-Utilities 1.39% | ||||||||
National Grid plc | 559,832 | 6,568 | ||||||
Pharmaceuticals 1.38% | ||||||||
AstraZeneca plc | 58,966 | 6,515 | ||||||
Tobacco 2.24% | ||||||||
British American Tobacco plc | 211,435 | 6,988 | ||||||
Imperial Brands plc | 212,655 | 3,543 | ||||||
10,531 | ||||||||
Trading Companies & Distributors 0.87% | ||||||||
Ashtead Group plc | 128,536 | 4,093 | ||||||
Total United Kingdom | 54,801 | |||||||
United States 1.32% | ||||||||
Auto Components 0.79% | ||||||||
Lear Corp. | 33,559 | 3,704 | ||||||
Trading Companies & Distributors 0.53% | ||||||||
Ferguson plc | 28,323 | 2,497 | ||||||
Total United States | 6,201 | |||||||
Total Common Stocks (cost $463,089,174) | 457,570 |
Principal Amount (000) | ||||||||
SHORT-TERM INVESTMENTS 2.85% | ||||||||
Repurchase Agreement 1.83% | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $8,179,600 of U.S. Treasury Note at 2.00% due 4/30/2024; value: $8,781,569; proceeds: $8,609,366 (cost $8,609,366) | $ | 8,609 | 8,609 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL VALUE FUND July 31, 2020
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Money Market Fund 0.92% | ||||||||
Fidelity Government Portfolio(b) (cost $4,344,170) | 4,344,170 | $ | 4,344 | |||||
Time Deposit 0.10% | ||||||||
CitiBank N.A.(b) (cost $482,686) | 482,686 | 483 | ||||||
Total Short-Term Investments (cost $13,436,222) | 13,436 | |||||||
Total Investments in Securities 100.03% (cost $476,525,396) | 471,006 | |||||||
Liabilities in Excess of Foreign Cash and Other Assets (0.03)% | (139 | ) | ||||||
Net Assets 100.00% | $ | 470,867 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. | |
† | Security was purchased pursuant to Rule 144A under the Securities Act of 1933 and, unless registered under such Act or exempted from registration, may only be resold to qualified institutional buyers. At July 31, 2020, the total value of Rule 144A securities was $6,151, which represents 1.31% of net assets. | |
(a) | All or a portion of this security was on loan to brokers at July 31, 2020. | |
(b) | Security was purchased with the cash collateral from loaned securities. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - INTERNATIONAL VALUE FUND July 31, 2020
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Common Stocks | ||||||||||||||||
Australia | $ | — | $ | 24,767 | $ | — | $ | 24,767 | ||||||||
Austria | — | 6,151 | — | 6,151 | ||||||||||||
Belgium | — | 10,656 | — | 10,656 | ||||||||||||
Brazil | 4,235 | — | — | 4,235 | ||||||||||||
Canada | 14,637 | — | — | 14,637 | ||||||||||||
Chile | 2,519 | — | — | 2,519 | ||||||||||||
China | 5,219 | 15,082 | — | 20,301 | ||||||||||||
France | — | 73,456 | — | 73,456 | ||||||||||||
Germany | — | 50,490 | — | 50,490 | ||||||||||||
Hong Kong | — | 15,255 | — | 15,255 | ||||||||||||
Italy | — | 2,961 | — | 2,961 | ||||||||||||
Japan | — | 76,258 | — | 76,258 | ||||||||||||
Macau | — | 5,574 | — | 5,574 | ||||||||||||
Mexico | 2,855 | — | — | 2,855 | ||||||||||||
Netherlands | 8,294 | — | — | 8,294 | ||||||||||||
New Zealand | — | 5,299 | — | 5,299 | ||||||||||||
Peru | 2,117 | — | — | 2,117 | ||||||||||||
Russia | — | 5,909 | — | 5,909 | ||||||||||||
Singapore | — | 3,687 | — | 3,687 | ||||||||||||
South Africa | — | 11,161 | — | 11,161 | ||||||||||||
South Korea | — | 9,486 | — | 9,486 | ||||||||||||
Sweden | 3,707 | 1,632 | — | 5,339 | ||||||||||||
Switzerland | — | 31,971 | — | 31,971 | ||||||||||||
Taiwan | — | 3,190 | — | 3,190 | ||||||||||||
United Kingdom | — | 54,801 | — | 54,801 | ||||||||||||
United States | 3,704 | 2,497 | — | 6,201 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | — | 8,609 | — | 8,609 | ||||||||||||
Money Market Fund | 4,344 | — | — | 4,344 | ||||||||||||
Time Deposit | — | 483 | — | 483 | ||||||||||||
Total | $ | 51,631 | $ | 419,375 | $ | — | $ | 471,006 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. The table above is presented by Investment Type. Industries are presented within an Investment Type should such Investment Type include securities classified as two or more levels within the three-tier fair value hierarchy. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - MICRO CAP GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.99% | ||||||||
Aerospace & Defense 0.92% | ||||||||
AeroVironment, Inc.* | 11,445 | $ | 876 | |||||
Biotechnology 18.03% | ||||||||
Adaptimmune Therapeutics plc ADR* | 91,727 | 858 | ||||||
Alector, Inc.* | 23,505 | 368 | ||||||
Aurinia Pharmaceuticals, Inc. (Canada)*(a) | 54,482 | 770 | ||||||
Beam Therapeutics, Inc.*(b) | 25,786 | 499 | ||||||
Black Diamond Therapeutics, Inc.* | 22,240 | 619 | ||||||
Castle Biosciences, Inc.* | 20,095 | 778 | ||||||
ChemoCentryx, Inc.* | 9,742 | 513 | ||||||
Coherus Biosciences, Inc.* | 21,282 | 374 | ||||||
Deciphera Pharmaceuticals, Inc.* | 10,390 | 482 | ||||||
Denali Therapeutics, Inc.* | 21,708 | 508 | ||||||
Eidos Therapeutics, Inc.* | 19,199 | 770 | ||||||
Insmed, Inc.* | 31,016 | 810 | ||||||
Karuna Therapeutics, Inc.* | 10,422 | 853 | ||||||
Krystal Biotech, Inc.* | 17,168 | 709 | ||||||
Myovant Sciences Ltd. (United Kingdom)*(a) | 76,712 | 1,166 | ||||||
REVOLUTION Medicines, Inc.* | 13,627 | 329 | ||||||
Rocket Pharmaceuticals, Inc.* | 46,923 | 1,104 | ||||||
Stoke Therapeutics, Inc.* | 16,392 | 413 | ||||||
TG Therapeutics, Inc.* | 84,443 | 1,653 | ||||||
Turning Point Therapeutics, Inc.* | 17,840 | 1,057 | ||||||
Twist Bioscience Corp.* | 31,173 | 1,747 | ||||||
Veracyte, Inc.* | 21,152 | 754 | ||||||
Total | 17,134 | |||||||
Capital Markets 1.13% | ||||||||
Assetmark Financial Holdings, Inc.* | 38,486 | 1,072 | ||||||
Commercial Services & Supplies 1.08% | ||||||||
Montrose Environmental Group, Inc.* | 47,108 | 1,025 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - MICRO CAP GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Communications Equipment 3.86% | ||||||||
AudioCodes Ltd. (Ireland)(a) | 21,028 | $ | 759 | |||||
Calix, Inc.* | 142,104 | 2,915 | ||||||
Total | 3,674 | |||||||
Construction & Engineering 0.49% | ||||||||
Ameresco, Inc. Class A* | 16,743 | 463 | ||||||
Diversified Financial Services 0.93% | ||||||||
Insurance Acquisition Corp. Class A* | 44,452 | 476 | ||||||
Landcadia Holdings II, Inc. Class A* | 35,330 | 406 | ||||||
Total | 882 | |||||||
Electrical Equipment 0.83% | ||||||||
Vivint Solar, Inc.* | 38,857 | 790 | ||||||
Electronic Equipment, Instruments & Components 1.68% | ||||||||
nLight, Inc.* | 42,166 | 977 | ||||||
Wrap Technologies, Inc.*(b) | 62,871 | 616 | ||||||
Total | 1,593 | |||||||
Entertainment 0.84% | ||||||||
Glu Mobile, Inc.* | 43,439 | 410 | ||||||
LiveXLive Media, Inc.*(b) | 127,330 | 386 | ||||||
Total | 796 | |||||||
Food Products 1.04% | ||||||||
Vital Farms, Inc.* | 28,118 | 991 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - MICRO CAP GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Health Care Equipment & Supplies 13.22% | ||||||||
Axonics Modulation Technologies, Inc.*(b) | 48,519 | $ | 2,055 | |||||
CryoPort, Inc.*(b) | 35,196 | 1,166 | ||||||
GenMark Diagnostics, Inc.* | 85,500 | 1,527 | ||||||
Inari Medical, Inc.* | 18,172 | 1,022 | ||||||
iRhythm Technologies, Inc.* | 7,028 | 875 | ||||||
OrthoPediatrics Corp.* | 35,089 | 1,480 | ||||||
Shockwave Medical, Inc.* | 19,883 | 981 | ||||||
Silk Road Medical, Inc.* | 58,524 | 2,719 | ||||||
Tactile Systems Technology, Inc.* | 18,000 | 738 | ||||||
Total | 12,563 | |||||||
Health Care Providers & Services 0.86% | ||||||||
Ontrak, Inc.*(b) | 21,489 | 822 | ||||||
Health Care Technology 3.22% | ||||||||
Health Catalyst, Inc.* | 24,756 | 864 | ||||||
Inspire Medical Systems, Inc.* | 16,893 | 1,678 | ||||||
Simulations Plus, Inc. | 7,380 | 520 | ||||||
Total | 3,062 | |||||||
Hotels, Restaurants & Leisure 1.56% | ||||||||
GAN Ltd. (United Kingdom)*(a) | 16,733 | 324 | ||||||
Papa John’s International, Inc. | 12,243 | 1,159 | ||||||
Total | 1,483 | |||||||
Household Durables 3.66% | ||||||||
LGI Homes, Inc.* | 20,323 | 2,319 | ||||||
Sonos, Inc.* | 72,743 | 1,164 | ||||||
Total | 3,483 | |||||||
Information Technology Services 3.09% | ||||||||
Endava plc ADR* | 13,176 | 680 | ||||||
I3 Verticals, Inc. Class A* | 14,626 | 354 | ||||||
Limelight Networks, Inc.* | 303,948 | 1,906 | ||||||
Total | 2,940 | |||||||
Insurance 2.66% | ||||||||
Goosehead Insurance, Inc. Class A* | 12,941 | 1,337 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - MICRO CAP GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Insurance (continued) | ||||||||
Trupanion, Inc.*(b) | 23,501 | $ | 1,189 | |||||
Total | 2,526 | |||||||
Interactive Media & Services 2.02% | ||||||||
EverQuote, Inc. Class A* | 35,179 | 1,916 | ||||||
Internet & Direct Marketing Retail 7.07% | ||||||||
1-800-Flowers.com, Inc. Class A* | 29,816 | 842 | ||||||
Fiverr International Ltd. (Israel)*(a) | 37,834 | 3,535 | ||||||
Magnite, Inc.* | 85,368 | 513 | ||||||
RealReal, Inc. (The)* | 72,160 | 984 | ||||||
Stamps.com, Inc.* | 3,250 | 846 | ||||||
Total | 6,720 | |||||||
Internet Software & Services 0.74% | ||||||||
Cardlytics, Inc.* | 10,526 | 699 | ||||||
Leisure Products 2.58% | ||||||||
Malibu Boats, Inc. Class A* | 41,732 | 2,453 | ||||||
Life Sciences Tools & Services 2.48% | ||||||||
Berkeley Lights, Inc.* | 3,870 | 232 | ||||||
NanoString Technologies, Inc.* | 30,759 | 1,111 | ||||||
Quanterix Corp.* | 31,535 | 1,019 | ||||||
Total | 2,362 | |||||||
Machinery 6.32% | ||||||||
Chart Industries, Inc.* | 27,210 | 1,865 | ||||||
Evoqua Water Technologies Corp.* | 61,288 | 1,178 | ||||||
Federal Signal Corp. | 27,268 | 843 | ||||||
Shyft Group, Inc. (The) | 57,036 | 1,077 | ||||||
SPX Corp.* | 24,906 | 1,046 | ||||||
Total | 6,009 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - MICRO CAP GROWTH FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Personal Products 1.41% | ||||||||
elf Beauty, Inc.* | 75,242 | $ | 1,344 | |||||
Pharmaceuticals 0.70% | ||||||||
Pliant Therapeutics, Inc.* | 28,432 | 662 | ||||||
Real Estate Management & Development 0.79% | ||||||||
Redfin Corp.* | 17,993 | 748 | ||||||
Semiconductors & Semiconductor Equipment 4.61% | ||||||||
CEVA, Inc.* | 37,850 | 1,521 | ||||||
Ichor Holdings Ltd.* | 47,584 | 1,562 | ||||||
Impinj, Inc.* | 15,873 | 375 | ||||||
Rambus, Inc.* | 62,811 | 927 | ||||||
Total | 4,385 | |||||||
Software 9.62% | ||||||||
8x8, Inc.* | 37,592 | 598 | ||||||
Agilysys, Inc.* | 38,967 | 817 | ||||||
CERENCE, Inc.* | 87,753 | 3,480 | ||||||
Rapid7, Inc.* | 10,233 | 610 | ||||||
Sprout Social, Inc. Class A* | 57,046 | 1,648 | ||||||
SVMK, Inc.* | 28,948 | 694 | ||||||
Telenav, Inc.* | 81,283 | 421 | ||||||
Upland Software, Inc.* | 25,549 | 879 | ||||||
Total | 9,147 | |||||||
Specialty Retail 2.55% | ||||||||
National Vision Holdings, Inc.* | 21,823 | 698 | ||||||
Sleep Number Corp.* | 37,077 | 1,724 | ||||||
Total | 2,422 | |||||||
Total Common Stocks (cost $65,126,267) | 95,042 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - MICRO CAP GROWTH FUND July 31, 2020
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENTS 8.24% | ||||||||
Repurchase Agreement 2.60% | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $2,329,800 of U.S. Treasury Note at 2.25% due 4/30/2024; value: $2,523,828; proceeds: $2,474,256 (cost $2,474,256) | $ | 2,474 | $ | 2,474 |
Shares | ||||||||
Money Market Fund 5.07% | ||||||||
Fidelity Government Portfolio(c) (cost $4,822,002) | 4,822,002 | 4,822 | ||||||
Time Deposit 0.57% | ||||||||
CitiBank N.A.(c) (cost $535,778) | 535,778 | 536 | ||||||
Total Short-Term Investments (cost $7,832,036) | 7,832 | |||||||
Total Investments in Securities 108.23% (cost $72,958,303) | 102,874 | |||||||
Liabilities in Excess of Other Assets (8.23)% | (7,826 | ) | ||||||
Net Assets 100.00% | $ | 95,048 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. | |
(b) | All or a portion of these securities are temporarily on loan to unaffiliated broker/dealers. | |
(c) | Security was purchased with the cash collateral from loaned securities. |
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Common Stocks | $ | 95,042 | $ | — | $ | — | $ | 95,042 | ||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | — | 2,474 | — | 2,474 | ||||||||||||
Money Market Fund | 4,822 | — | — | 4,822 | ||||||||||||
Time Deposit | — | 536 | — | 536 | ||||||||||||
Total | $ | 99,864 | $ | 3,010 | $ | — | $ | 102,874 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST - VALUE OPPORTUNITIES FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.76% | ||||||||
Aerospace & Defense 0.25% | ||||||||
Teledyne Technologies, Inc.* | 11,770 | $ | 3,610 | |||||
Auto Components 4.65% | ||||||||
Dorman Products, Inc.* | 246,370 | 20,141 | ||||||
LCI Industries | 186,345 | 23,442 | ||||||
Lear Corp. | 209,841 | 23,162 | ||||||
Total | 66,745 | |||||||
Banks 5.15% | ||||||||
Bank of Hawaii Corp. | 301,327 | 17,064 | ||||||
East West Bancorp, Inc. | 399,535 | 13,848 | ||||||
First Republic Bank | 186,448 | 20,971 | ||||||
SVB Financial Group* | 98,184 | 22,020 | ||||||
Total | 73,903 | |||||||
Beverages 0.93% | ||||||||
Primo Water Corp. | 943,968 | 13,414 | ||||||
Building Products 6.52% | ||||||||
A.O. Smith Corp. | 534,242 | 25,718 | ||||||
Allegion plc (Ireland)(a) | 218,287 | 21,711 | ||||||
Masonite International Corp.* | 176,124 | 14,856 | ||||||
Simpson Manufacturing Co., Inc. | 324,996 | 31,382 | ||||||
Total | 93,667 | |||||||
Capital Markets 1.91% | ||||||||
Ares Capital Corp. | 1,332,893 | 18,794 | ||||||
Hamilton Lane, Inc. Class A | 119,146 | 8,607 | ||||||
Total | 27,401 | |||||||
Chemicals 4.37% | ||||||||
Avient Corp. | 654,622 | 15,645 | ||||||
Axalta Coating Systems Ltd.* | 1,049,358 | 23,296 | ||||||
Valvoline, Inc. | 1,162,112 | 23,847 | ||||||
Total | 62,788 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - VALUE OPPORTUNITIES FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Consumer Finance 1.48% | ||||||||
Discover Financial Services | 430,909 | $ | 21,300 | |||||
Containers & Packaging 1.54% | ||||||||
Avery Dennison Corp. | 195,403 | 22,147 | ||||||
Electric: Utilities 3.10% | ||||||||
IDACORP, Inc. | 242,382 | 22,602 | ||||||
Portland General Electric Co. | 497,067 | 21,936 | ||||||
Total | 44,538 | |||||||
Electrical Equipment 3.10% | ||||||||
Acuity Brands, Inc. | 262,742 | 26,038 | ||||||
Generac Holdings, Inc.* | 116,798 | 18,405 | ||||||
Total | 44,443 | |||||||
Electronic Equipment, Instruments & Components 3.38% | ||||||||
FLIR Systems, Inc. | 596,160 | 24,836 | ||||||
Littelfuse, Inc. | 133,040 | 23,634 | ||||||
Total | 48,470 | |||||||
Equity Real Estate Investment Trusts 5.03% | ||||||||
Alexandria Real Estate Equities, Inc. | 153,518 | 27,257 | ||||||
First Industrial Realty Trust, Inc. | 592,936 | 26,042 | ||||||
UDR, Inc. | 520,536 | 18,843 | ||||||
Total | 72,142 | |||||||
Health Care Equipment & Supplies 7.20% | ||||||||
Cooper Cos., Inc. (The) | 56,512 | 15,989 | ||||||
Hill-Rom Holdings, Inc. | 200,698 | 19,512 | ||||||
NuVasive, Inc.* | 388,185 | 22,181 | ||||||
STERIS plc | 162,984 | 26,017 | ||||||
Varian Medical Systems, Inc.* | 138,115 | 19,712 | ||||||
Total | 103,411 | |||||||
Health Care Providers & Services 2.39% | ||||||||
Encompass Health Corp. | 201,927 | 13,747 | ||||||
Molina Healthcare, Inc.* | 111,551 | 20,604 | ||||||
Total | 34,351 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - VALUE OPPORTUNITIES FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Hotels, Restaurants & Leisure 1.52% | ||||||||
Dunkin’ Brands Group, Inc. | 316,833 | $ | 21,776 | |||||
Industrial Conglomerates 1.22% | ||||||||
Carlisle Cos., Inc. | 147,588 | 17,575 | ||||||
Information Technology Services 7.36% | ||||||||
Amdocs Ltd. | 176,426 | 10,956 | ||||||
Booz Allen Hamilton Holding Corp. | 294,461 | 24,075 | ||||||
EPAM Systems, Inc.* | 44,887 | 13,021 | ||||||
Euronet Worldwide, Inc.* | 208,711 | 20,066 | ||||||
Jack Henry & Associates, Inc. | 121,628 | 21,686 | ||||||
MAXIMUS, Inc. | 213,840 | 15,869 | ||||||
Total | 105,673 | |||||||
Insurance 5.62% | ||||||||
Arch Capital Group Ltd.* | 275,785 | 8,480 | ||||||
Brown & Brown, Inc. | 239,721 | 10,900 | ||||||
Globe Life, Inc. | 163,864 | 13,044 | ||||||
Hanover Insurance Group, Inc. (The) | 208,338 | 21,226 | ||||||
RenaissanceRe Holdings Ltd. | 149,548 | 26,975 | ||||||
Total | 80,625 | |||||||
Internet Software & Services 0.91% | ||||||||
TechTarget, Inc.* | 360,871 | 13,096 | ||||||
Leisure Products 1.69% | ||||||||
Malibu Boats, Inc. Class A* | 411,508 | 24,188 | ||||||
Life Sciences Tools & Services 6.82% | ||||||||
Bio-Techne Corp. | 80,237 | 22,078 | ||||||
Charles River Laboratories International, Inc.* | 164,594 | 32,753 | ||||||
ICON plc (Ireland)*(a) | 91,117 | 16,898 | ||||||
PerkinElmer, Inc. | 220,729 | 26,247 | ||||||
Total | 97,976 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - VALUE OPPORTUNITIES FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Machinery 1.91% | ||||||||
Allison Transmission Holdings, Inc. | 283,126 | $ | 10,578 | |||||
Crane Co. | 297,795 | 16,846 | ||||||
Total | 27,424 | |||||||
Media 0.50% | ||||||||
Interpublic Group of Cos., Inc. (The) | 399,893 | 7,218 | ||||||
Metals & Mining 1.49% | ||||||||
Reliance Steel & Aluminum Co. | 217,429 | 21,364 | ||||||
Multi-Utilities 1.51% | ||||||||
NorthWestern Corp. | 384,032 | 21,606 | ||||||
Oil, Gas & Consumable Fuels 1.52% | ||||||||
Cabot Oil & Gas Corp. | 395,300 | 7,392 | ||||||
Par Pacific Holdings, Inc.* | 832,169 | 6,166 | ||||||
Parsley Energy, Inc. Class A | 746,873 | 8,201 | ||||||
Total | 21,759 | |||||||
Real Estate Management & Development 0.85% | ||||||||
Marcus & Millichap, Inc.* | 447,800 | 12,198 | ||||||
Road & Rail 3.00% | ||||||||
Landstar System, Inc. | 246,700 | 30,043 | ||||||
Saia, Inc.* | 109,251 | 13,050 | ||||||
Total | 43,093 | |||||||
Semiconductors & Semiconductor Equipment 5.87% | ||||||||
Entegris, Inc. | 466,259 | 33,529 | ||||||
Monolithic Power Systems, Inc. | 99,267 | 26,307 | ||||||
Teradyne, Inc. | 275,333 | 24,493 | ||||||
Total | 84,329 | |||||||
Software 2.81% | ||||||||
Fair Isaac Corp.* | 56,968 | 25,020 | ||||||
Synopsys, Inc.* | 76,654 | 15,271 | ||||||
Total | 40,291 |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST - VALUE OPPORTUNITIES FUND July 31, 2020
Investments | Shares | Fair Value (000) | ||||||
Specialty Retail 2.72% | ||||||||
Burlington Stores, Inc.* | 133,443 | $ | 25,087 | |||||
Williams-Sonoma, Inc. | 160,266 | 13,963 | ||||||
Total | 39,050 | |||||||
Textiles, Apparel & Luxury Goods 1.44% | ||||||||
Columbia Sportswear Co. | 272,248 | 20,647 | ||||||
Total Common Stocks (cost $1,231,825,354) | 1,432,218 | |||||||
Principal Amount (000) | ||||||||
SHORT-TERM INVESTMENT 0.15% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 7/31/2020, 0.00% due 8/3/2020 with Fixed Income Clearing Corp. collateralized by $2,011,600 of U.S. Treasury Inflation Index Note at 0.00% due 07/15/2030; value: $2,243,532; proceeds: $2,199,459 (cost $2,199,459) | $ | 2,199 | 2,199 | |||||
Total Investments in Securities 99.91% (cost $1,234,024,813) | 1,434,417 | |||||||
Cash and Other Assets in Excess of Liabilities 0.09% | 1,277 | |||||||
Net Assets 100.00% | $ | 1,435,694 |
* | Non-income producing security. |
(a) | Foreign security traded in U.S. dollars. |
See Notes to Schedule of Investments.
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST - VALUE OPPORTUNITIES FUND July 31, 2020
The following is a summary of the inputs used as of July 31, 2020 in valuing the Fund’s investments carried at fair value(1):
Investment Type(2) | Level 1 (000) | Level 2 (000) | Level 3 (000) | Total (000) | ||||||||||||
Common Stocks | $ | 1,432,218 | $ | — | $ | — | $ | 1,432,218 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | — | 2,199 | — | 2,199 | ||||||||||||
Total | $ | 1,432,218 | $ | 2,199 | $ | — | $ | 1,434,417 |
(1) | Refer to Note 2(b) for a description of fair value measurements and the three-tier hierarchy of inputs. |
(2) | See Schedule of Investments for fair values in each industry and identification of foreign issuers and/or geography. |
See Notes to Schedule of Investments.
1. ORGANIZATION
Lord Abbett Securities Trust (the “Trust”) is registered under the Investment Company Act of 1940, as amended (the “Act”), as a diversified, open-end management investment company and was organized as a Delaware statutory trust on February 26, 1993. The Trust consists of the following fourteen funds (separately, a “Fund” and collectively, the “Funds”): Lord Abbett Alpha Strategy Fund (“Alpha Strategy Fund”), Lord Abbett Durable Growth Fund (“Durable Growth Fund”), Lord Abbett Focused Growth Fund (“Focused Growth Fund”), Lord Abbett Focused Large Cap Value Fund (“Focused Large Cap Value Fund”), Lord Abbett Focused Small Cap Value (“Focused Small Cap Value Fund”), Lord Abbett Fundamental Equity Fund (“Fundamental Equity Fund”), Lord Abbett Global Equity Research Fund (“Global Equity Research 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 Value Fund (“International Value Fund”), Lord Abbett International Opportunities Fund (“International Opportunities Fund”), Lord Abbett Micro-Cap Growth Fund (“Micro Cap Growth Fund”) and Lord Abbett Value Opportunities Fund (“Value Opportunities Fund”).
2. SIGNIFICANT ACCOUNTING POLICIES
(a) | Investment Valuation-Under procedures approved by the Funds’ Board of Trustees (the “Board”), Lord, Abbett & Co. LLC (“Lord Abbett”), the Fund’s investment manager, has formed a Pricing Committee to administer the pricing and valuation of portfolio investments and to ensure that prices utilized reasonably reflect fair value. Among other things, these procedures allow the Funds to utilize independent pricing services, quotations from securities and financial instrument dealers and other market sources to determine fair value. |
Securities actively traded on any recognized U.S. or non-U.S. exchange or on The NASDAQ Stock Market LLC are valued at the last sale price or official closing price on the exchange or system on which they are principally traded. Events occurring after the close of trading on non-U.S. exchanges may result in adjustments to the valuation of foreign securities to reflect their fair value as of the close of regular trading on the New York Stock Exchange (“NYSE”). Each Fund may utilize an independent fair valuation service in adjusting the valuations of foreign securities. Unlisted equity securities are valued at the last quoted sale price or, if no sale price is available, at the mean between the most recently quoted bid and asked prices. Exchange traded options and futures contracts are valued at the last quoted sale price in the market where they are principally traded. If no sale has occurred, the mean between the most recently quoted bid and asked prices is used. Forward foreign currency exchange contracts are valued using daily forward exchange rates. Swaps are valued daily using independent pricing services or quotes from broker/dealers to the extent available. Investments in the Underlying Funds are valued at their net asset value (“NAV”) each business day at the close of regular trading on the NYSE, normally 4:00 p.m. Eastern time. | |
Securities for which prices are not readily available are valued at fair value as determined by the Pricing Committee. The Pricing Committee considers a number of factors, including observable and unobservable inputs, when arriving at fair value. The Pricing Committee may use related or comparable assets or liabilities, recent transactions, market multiples, book values and other relevant information to determine the fair value of portfolio investments. The Board or a designated committee thereof regularly reviews fair value determinations made by the Pricing Committee and may employ techniques such as reviewing related market activity, reviewing inputs and assumptions, and retrospectively comparing prices of subsequent purchases and sales transactions to fair value determinations made by the Pricing Committee. | |
Short-term securities with 60 days or less remaining to maturity are valued using the amortized cost method, which approximates fair value. | |
(b) | Fair Value Measurements-Fair value is defined as the price that each Fund would receive upon selling an investment or transferring a liability in an orderly transaction to an independent buyer in the principal or most advantageous market of the investment. A three-tier hierarchy is used to maximize the use of observable market data and minimize the use of unobservable inputs and to establish classification of fair value measurements for disclosure purposes. Inputs refer broadly to the assumptions that market participants would use in pricing the asset or liability, including assumptions about risk - for example, the risk inherent in a particular valuation technique used to measure fair value (such as a pricing model) and/or the risk inherent in the inputs to the valuation technique. Inputs may be observable or unobservable. Observable inputs reflect the assumptions market participants would use in pricing the asset or liability. Observable inputs are based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the reporting entity’s own assumptions about the assumptions market participants would use in pricing the asset or liability. Unobservable inputs are based on the best information available in the circumstances. The three-tier hierarchy classification is determined based on the lowest level of inputs that is significant to the fair value measurement, and is summarized in the three broad Levels listed below: |
· | Level 1 - unadjusted quoted prices in active markets for identical investments; | |
· | Level 2 - other significant observable inputs (including quoted prices for similar investments, interest rates, prepayment speeds, credit risk, etc.); and | |
· | Level 3 - significant unobservable inputs (including each Fund’s own assumptions in determining the fair value of investments). |
A summary of inputs used in valuing each Fund’s investments and other financial instruments as of July 31, 2020 and, if applicable, Level 3 rollforwards for the period then ended is included in each Fund’s Schedule of Investments. | |
Changes in valuation techniques may result in transfers into or out of an assigned level within the three-tier hierarchy. The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. |
3. FEDERAL TAX INFORMATION
It is the policy of the Fund to meet the requirements of Subchapter M of the Internal Revenue Code applicable to regulated investment companies and to distribute substantially all taxable income and capital gains to its shareholders. Therefore, no income tax provision is required.
Each Fund files U.S. federal and various state and local tax returns. No income tax returns are currently under examination. The statute of limitations on the Fund’s filed U.S. federal tax returns remains open generally three years after the filing of the tax return. The statutes of limitations on the Fund’s, state and local tax returns may remain open for an additional year depending upon the jurisdiction.
4. SECURITIES LENDING AGREEMENT
The Funds have established a securities lending agreement with Citibank, N.A. for the lending of securities to qualified brokers in exchange for securities or cash collateral equal to at least the market value of securities loaned, plus interest, if applicable. Cash collateral is invested in an approved money market fund. In accordance with the Funds’ securities lending agreement, the market value of securities on loan is determined each day at the close of business and any additional collateral required to cover the value of securities on loan is delivered to the Fund on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or become insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan.
The initial collateral received by the funds are required to have a value equal to at least 100% of the market value of the securities loaned. The collateral must be marked-to-market daily to cover increases in the market value of the securities loaned (or potentially a decline in the value of the collateral). In general, the risk of borrower default will be borne by the Funds’ agent; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continues to receive income on loaned securities while receiving a portion of any securities lending fees and earning returns on the cash amounts which may be reinvested for the purchase of investments in securities.
As of July 31, 2020, the collateral received and market value of securities loaned for the Funds was as follows:
Funds | Market Value of Securities Loaned | Collateral Received | ||||||
Growth Leader Fund | $ | 19,204,395 | $ | 20,365,500 | ||||
International Equity Fund | 5,346,287 | 5,556,067 | ||||||
International Opportunities Fund | 9,462,265 | 10,801,962 | ||||||
International Value Fund | 4,632.673 | 4,826,856 | ||||||
Micro-Cap Growth Fund | 5,083,495 | 5,357,780 |
5. TRANSACTIONS WITH AFFILIATED ISSUERS
An affiliated issuer is one in which a Fund has ownership of at least 5% of the outstanding voting securities of the underlying issuer at any point during the fiscal year or any company which is under common ownership or control. Alpha Strategy Fund had the following transactions with affiliated issuers (i.e. the Underlying Funds) during the period ended July 31, 2020:
Alpha Strategy Fund | ||||||||||||||||||||||||||||||||
Affiliated Issuer | Balance of Shares Held at 10/31/2019 | Gross Additions | Gross Sales | Balance of Shares Held at 07/31/2020 | Fair Value at 07/31/2020 | Net Realized Gain 11/1/2019 to 07/31/2020 | Dividend Income 11/1/2019 to 07/31/2020 | Change in Appreciation (Depreciation) 11/1/2019 to 07/31/2020 | ||||||||||||||||||||||||
Lord Abbett Developing Growth Fund, Inc. - Class I | 6,293,405 | 1,219,795 | (3,061,488 | ) | 4,451,712 | $ | 135,777,210 | $ | 32,226,298 | (a) | $ | — | $ | 6,225,064 | ||||||||||||||||||
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I | 3,528,280 | 778,098 | (867,994 | ) | 3,438,384 | 67,323,567 | 5,258,490 | (b) | — | (17,609,628 | ) | |||||||||||||||||||||
Lord Abbett Securities Trust - International Opportunities Fund - Class I | 11,395,952 | 305,386 | (3,392,393 | ) | 8,308,945 | 132,860,027 | 5,728,116 | 2,763,597 | (14,314,188 | ) | ||||||||||||||||||||||
Lord Abbett Securities Trust - Micro-Cap Growth Fund - Class I | 5,576,731 | 935,326 | (2,756,987 | ) | 3,755,070 | 68,417,384 | 17,464,394 | (c) | — | 7,587,626 | ||||||||||||||||||||||
Lord Abbett Research Fund, Inc. - Small-Cap Value Fund - Class I | 8,905,270 | 1,831,642 | (1,821,334 | ) | 8,915,578 | 134,001,143 | (5,365,208) | (d) | 880,426 | (25,672,884 | ) | |||||||||||||||||||||
Lord Abbett Securities Trust - Value Opportunities Fund - Class I | 9,590,809 | 1,363,372 | (3,247,000 | ) | 7,707,181 | 134,721,527 | 7,756,232 | (e) | 1,099,546 | (11,047,373 | ) | |||||||||||||||||||||
Total | $ | 673,100,858 | $ | 63,068,322 | $ | 4,743,569 | $ | (54,831,383 | ) |
(a) | Includes $28,247,947 of distributed capital gains. |
(b) | Includes $13,929,615 of distributed capital gains. |
(c) | Includes $13,216,296 of distributed capital gains. |
(d) | Includes $25,232,472 of distributed capital gains. |
(e) | Includes $18,946,901 of distributed capital gains. |
Investments in Underlying Funds (unaudited)
Alpha Strategy Fund invests in Underlying Funds managed by Lord Abbett. As of July 31, 2020, Alpha Strategy Fund’s long-term investments were allocated among the Underlying Funds as follows:
Underlying Fund Name | % of Investments | |||
Lord Abbett Developing Growth Fund, Inc.-Class I | 20.17 | % | ||
Lord Abbett Research Fund, Inc. - Small-Cap Value Fund -Class I | 19.91 | % | ||
Lord Abbett Securities Trust-Focused Small-Cap Value Fund-Class I | 10.00 | % | ||
Lord Abbett Securities Trust-International Opportunities Fund-Class I | 19.74 | % | ||
Lord Abbett Securities Trust-Micro-Cap Growth Fund-Class I | 10.16 | % | ||
Lord Abbett Securities Trust-Value Opportunities Fund-Class I | 20.02 | % |
The Ten Largest Holdings and the Holdings by Sector, as of July 31, 2020, for each Underlying Fund are presented below. Each Underlying Fund’s annual and semiannual reports, which are sent to shareholders and filed with the SEC, contain information about the Underlying Fund’s portfolio holdings, including a complete schedule of holdings. A complete schedule of holdings for each Underlying Fund is also filed with the SEC on Form N-PORT as of the end of each respective Underlying Fund’s first and third quarters. In addition, on or about the first day of the second month following each calendar quarter-end, each Fund makes publicly available a complete schedule of its portfolio holdings as of the last day of each such quarter. The information for the most recently ended calendar quarter may be viewed at www.lordabbett.com or requested at no charge by calling Lord Abbett at 888-522-2388.
Lord Abbett Developing Growth Fund, Inc.
Ten Largest Holdings | % of Investments | |||
Inphi Corp. | 2.71 | % | ||
Five9, Inc. | 2.21 | % | ||
Redfin Corp. | 2.20 | % | ||
LGI Homes, Inc. | 1.98 | % | ||
Fiverr International Ltd. (Israel) | 1.90 | % | ||
SVMK, Inc. | 1.88 | % | ||
Wingstop, Inc. | 1.85 | % | ||
Generac Holdings, Inc. | 1.74 | % | ||
Stamps.com, Inc. | 1.71 | % | ||
Inspire Medical Systems, Inc. | 1.66 | % |
Holdings by Sector* | % of Investments | |||
Consumer Discretionary | 19.91 | % | ||
Consumer Staples | 3.05 | % | ||
Financial Services | 2.41 | % | ||
Health Care | 28.12 | % | ||
Industrials | 11.23 | % | ||
Information Technology | 27.85 | % | ||
Real Estate | 2.15 | % | ||
Money Market Fund (a) | 2.01 | % | ||
Technology | 0.58 | % | ||
Repurchase Agreement | 2.69 | % | ||
Total | 100.00 | % |
* | A sector may comprise several industries. |
(a) | Securities were purchased with the cash collateral from loaned securities. |
Focused Small Cap Value Fund
Ten Largest Holdings | % of Investments | |||
Masonite International Corp. | 4.41 | % | ||
Hillenbrand, Inc. | 3.98 | % | ||
Malibu Boats, Inc. Class A | 3.47 | % | ||
Bancorp, Inc. (The) | 3.15 | % | ||
Spectrum Brands Holdings, Inc. | 2.99 | % | ||
Brightsphere Investment Group, Inc. | 2.98 | % | ||
Thor Industries, Inc. | 2.92 | % | ||
Beacon Roofing Supply, Inc. | 2.84 | % | ||
Columbus McKinnon Corp. | 2.81 | % | ||
Ichor Holdings Ltd. | 2.71 | % |
Holdings by Sector* | % of Investments | |||
Communication Services | 2.65 | % | ||
Consumer Discretionary | 10.06 | % | ||
Consumer Staples | 3.00 | % | ||
Energy | 4.29 | % | ||
Financial Services | 31.16 | % | ||
Health Care | 2.67 | % | ||
Industrials | 22.56 | % | ||
Information Technology | 6.88 | % | ||
Materials | 10.13 | % | ||
Real Estate | 5.59 | % | ||
Repurchase Agreement | 1.01 | % | ||
Total | 100.00 | % |
* | A sector may comprise several industries. |
International Opportunities Fund
Ten Largest Holdings | % of Investments | |||
Azbil Corp. | 2.70 | % | ||
VanEck Vectors Junior Gold Miners | 2.53 | % | ||
IMA Industria Macchine Automatiche SpA | 2.38 | % | ||
SHO-BOND Holdings Co. Ltd. | 2.00 | % | ||
Anima Holding SpA | 1.84 | % | ||
Capcom Co., Ltd. | 1.80 | % | ||
Lancashire Holdings Ltd. | 1.79 | % | ||
Rheinmetall AG | 1.71 | % | ||
Gerresheimer AG | 1.64 | % | ||
REN - Redes Energeticas Nacionais SGPS SA | 1.64 | % |
Holdings by Sector* | % of Investments | |||
Communication Services | 4.68 | % | ||
Consumer Discretionary | 13.32 | % | ||
Consumer Staples | 4.66 | % | ||
Financial Services | 11.86 | % | ||
Health Care | 8.01 | % | ||
Industrials | 21.47 | % | ||
Information Technology | 15.42 | % | ||
Materials | 8.53 | % | ||
Real Estate | 8.35 | % | ||
Utilities | 3.24 | % | ||
Repurchase Agreement | 0.46 | % | ||
Total | 100.00 | % |
* | A sector may comprise several industries. |
Micro-Cap Growth Fund
Ten Largest Holdings | % of Investments | |||
Fiverr International Ltd. | 3.63 | % | ||
CERENCE, Inc. | 3.57 | % | ||
Calix, Inc. | 2.99 | % | ||
Silk Road Medical, Inc. | 2.79 | % | ||
Malibu Boats, Inc. Class A | 2.52 | % | ||
LGI Homes, Inc. | 2.38 | % | ||
Axonics Modulation Technologies, Inc. | 2.11 | % | ||
EverQuote, Inc. Class A | 1.96 | % | ||
Limelight Networks, Inc. | 1.95 | % | ||
Chart Industries, Inc. | 1.91 | % | ||
Total |
Holdings by Sector* | % of Investments | |||
Communication Services | 2.64 | % | ||
Consumer Discretionary | 16.10 | % | ||
Consumer Staples | 2.27 | % | ||
Financial Services | 4.35 | % | ||
Health Care | 35.58 | % | ||
Industrials | 8.91 | % | ||
Information Technology | 21.81 | % | ||
Real Estate | 0.73 | % | ||
Money Market Fund(a) | 5.21 | % | ||
Repurchase Agreement | 2.40 | % | ||
Total | 100.00 | % |
* | A sector may comprise several industries. |
(a) | Securities were purchased with the cash collateral from loaned securities. |
Lord Abbett Research Fund, Inc. – Small Cap Value Fund
Ten Largest Holdings | % of Investments | |||
Brightsphere Investment Group, Inc. | 2.35 | % | ||
Bancorp, Inc. (The) | 2.35 | % | ||
Masonite International Corp. | 2.13 | % | ||
Malibu Boats, Inc. Class A | 2.09 | % | ||
STAG Industrial, Inc. | 2.09 | % | ||
Hillenbrand, Inc. | 2.04 | % | ||
Ichor Holdings Ltd. | 2.04 | % | ||
Spectrum Brands Holdings, Inc. | 1.97 | % | ||
First Industrial Realty Trust | 1.94 | % | ||
AMN Healthcare Services | 1.87 | % |
Holdings by Sector* | % of Investments | |||
Communication Services | 1.06 | % | ||
Consumer Discretionary | 9.40 | % | ||
Consumer Staples | 3.29 | % | ||
Energy | 3.88 | % | ||
Financial Services | 27.04 | % | ||
Health Care | 5.75 | % | ||
Industrials | 17.01 | % | ||
Information Technology | 9.82 | % | ||
Materials | 7.11 | % | ||
Real Estate | 10.09 | % | ||
Utilities | 5.55 | % | ||
Total | 100.00 | % |
* | A sector may comprise several industries. |
Value Opportunities Fund
Ten Largest Holdings | % of Investments | |||
Entegris, Inc. | 2.34 | % | ||
Charles River Laboratories International, Inc. | 2.28 | % | ||
Simpson Manufacturing Co., Inc. | 2.19 | % | ||
Landstar System, Inc. | 2.09 | % | ||
Alexandria Real Estate Equities, Inc. | 1.90 | % | ||
RenaissanceRe Holdings Ltd. | 1.88 | % | ||
Monolithic Power Systems, Inc. | 1.83 | % | ||
PerkinElmer, Inc. | 1.83 | % | ||
First Industrial Realty Trust, Inc. | 1.82 | % | ||
Acuity Brands, Inc. | 1.82 | % |
Holdings by Sector* | % of Investments | |||
Communication Services | 0.50 | % | ||
Consumer Discretionary | 12.02 | % | ||
Consumer Staples | 0.94 | % | ||
Energy | 1.52 | % | ||
Financial Services | 14.17 | % | ||
Health Care | 16.43 | % | ||
Industrials | 16.02 | % | ||
Information Technology | 20.35 | % | ||
Materials | 7.41 | % | ||
Real Estate | 5.88 | % | ||
Utilities | 4.61 | % | ||
Repurchase Agreement | 0.15 | % | ||
Total | 100.00 | % |
* | A sector may comprise several industries. |