Summary

• Lord Abbett Growth Leaders Fund returned -10.26%, reflecting performance at NAV of Class I shares with all distributions reinvested for the quarter ended March 31, 2026, compared to the -9.90% return of the Fund's benchmark, the Russell 1000® Growth Index.
• Security selection within the Communication Services sector detracted from relative performance over the period, driven by an overweight allocation to Reddit, Inc. (1.5%), a social networking and content platform.
• Security selection within the Consumer Discretionary sector also detracted from relative performance, driven by an overweight allocation to Carvana Co. (1.8%), an online platform for buying and selling automobiles.

Market Review

• The quarter was defined by a balance between economic resilience and rising geopolitical and macro uncertainty. Markets faced headwinds from weakness in Technology/Software (driven by AI disruption concerns) and escalating geopolitical tensions, though supportive macroeconomic

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