GWRE - Lord Abbett Developing Growth Fund Q1 2025 Commentary
2025-06-02 12:53:00 ET
Summary
- The Fund returned -17.65%, reflecting performance at the net asset value of Class I shares with all distributions reinvested for the quarter ended March 31, 2025.
- Security selection within the Information Technology sector detracted from relative performance over the period.
- As we look ahead, many areas of the U.S. economy are seeing differentiated growth relative to the broader market and we are continuing to find quality companies across the market cap spectrum in these favored areas.
Market Review
Index Performance |
1Q25 |
YTD |
S&P 500 Index |
-4.3% |
-4.3% |
Russell 1000® Index |
-4.5% |
-4.5% |
Russell 2000® Index |
-9.5% |
-9.5% |
Russell 3000® Growth Index |
-10.0% |
-10.0% |
Russell 3000® Value Index |
1.6% |
1.6% |
MSCI ACWI Index |
-1.3% |
-1.3% |
MSCI ACWI Ex-US Index |
5.2% |
5.2% |
MSCI EAFE Index |
6.9% |
6.9% |