Lord Abbett Developing Growth Fund Q3 2025 Commentary

**Lord Abbett Developing Growth Fund Q3 2025 Commentary**

*Lord, Abbett & Co. LLC*

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**Summary**

Global equity markets advanced in the third quarter, building on gains from the previous period. The Lord Abbett Developing Growth Fund returned 13.75% for the quarter ended September 30, 2025. This return reflects performance based on the net asset value (NAV) of Class I shares, with all distributions reinvested. In comparison, the Fund’s benchmark, the Russell 2000® Growth Index, returned 12.19% for the same period.

We continue to believe that the secular bull market for innovative growth stocks remains intact.

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**Market Review**

**Index Performance**

| Index | 3Q25 | YTD |
|—————————-|——–|——–|
| S&P 500 Index | 8.1% | 14.8% |
| Russell 1000® Index | 8.0% | 14.6% |
| Russell 2000® Index | 12.4% | 10.4% |
| Russell 3000® Growth Index | 10.4% | 16.8% |
| Russell 3000® Value Index | — | — |

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**About Lord Abbett**

Lord Abbett is an independent, privately held global asset manager and one of the oldest money management firms in the United States. The firm manages assets across a full range of U.S. mutual funds, UCITS funds, institutional accounts, and separately managed accounts for clients worldwide.

For inquiries or further communication, please use Lord Abbett’s official channels.

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*Comments and feedback are welcomed.*

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