Lord Abbett
Quarterly Portfolio Holdings Report
Lord Abbett
Alpha Strategy Fund
Durable Growth Fund
Focused Growth Fund
Focused Large Cap Value Fund
Focused Small Cap Value Fund
Fundamental Equity Fund
Global Equity Research Fund
Growth Leaders Fund
Health Care Fund
International Equity Fund
International Opportunities Fund
International Value Fund
Micro Cap Growth Fund
Value Opportunities Fund
For the period ended January 31, 2021
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – ALPHA STRATEGY FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
INVESTMENTS IN UNDERLYING FUNDS(a)(b) 99.99% | ||||||||
Lord Abbett Developing Growth Fund, Inc. - Class I*(c) | 4,109,788 | $ | 167,022 | |||||
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I(d) | 3,022,501 | 82,393 | ||||||
Lord Abbett Securities Trust - International Opportunities Fund - Class I(d) | 8,091,863 | 157,872 | ||||||
Lord Abbett Securities Trust - Micro-Cap Growth Fund - Class I*(d) | 3,660,155 | 86,563 | ||||||
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I(d) | 8,534,423 | 163,605 | ||||||
Lord Abbett Securities Trust - Value Opportunities Fund - Class I*(d) | 7,882,711 | 158,285 | ||||||
Total Investments in Underlying Funds (cost $717,087,662) | 815,740 |
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 0.09% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $731,200 of U.S. Treasury Note at 0.25% due 6/15/2023; value: $733,140; proceeds: $718,704 (cost $718,704) | $719 | $ | 719 | |||||
Total Investments in Securities 100.08% (cost $717,806,366) | 816,459 | |||||||
Liabilities in Excess of Other Assets (0.08)% | (664 | ) | ||||||
Net Assets 100.00% | $ | 815,795 |
* | 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. |
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 815,740 | $ | – | $ | – | $ | 815,740 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | – | 719 | – | 719 | ||||||||||||
Total | $ | 815,740 | $ | 719 | $ | – | $ | 816,459 |
(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 in Underlying Funds. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
See Notes to Schedule of Investments. | 1 |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – DURABLE GROWTH FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.23% | ||||||||
Aerospace & Defense 0.60% | ||||||||
CAE, Inc. (Canada)(a) | 38,607 | $ | 871 | |||||
Automobiles 1.63% | ||||||||
Tesla, Inc.* | 2,978 | 2,363 | ||||||
Banks 0.84% | ||||||||
First Republic Bank | 8,383 | 1,215 | ||||||
Beverages 1.74% | ||||||||
Brown-Forman Corp. Class B | 10,037 | 719 | ||||||
Coca-Cola Co. (The) | 37,273 | 1,795 | ||||||
Total | 2,514 | |||||||
Biotechnology 1.97% | ||||||||
Amgen, Inc. | 4,749 | 1,147 | ||||||
Seagen, Inc.* | 4,214 | 692 | ||||||
Vertex Pharmaceuticals, Inc.* | 4,412 | 1,011 | ||||||
Total | 2,850 | |||||||
Capital Markets 0.67% | ||||||||
Moody’s Corp. | 3,652 | 972 | ||||||
Chemicals 0.70% | ||||||||
Air Products & Chemicals, Inc. | 3,775 | 1,007 | ||||||
Construction Materials 0.85% | ||||||||
Vulcan Materials Co. | 8,277 | 1,234 | ||||||
Containers & Packaging 1.03% | ||||||||
Avery Dennison Corp. | 4,940 | 745 | ||||||
Ball Corp. | 8,446 | 744 | ||||||
Total | 1,489 | |||||||
Entertainment 3.26% | ||||||||
Activision Blizzard, Inc. | 11,748 | 1,069 | ||||||
Netflix, Inc.* | 4,933 | 2,626 | ||||||
Walt Disney Co. (The)* | 6,028 | 1,014 | ||||||
Total | 4,709 | |||||||
Equity Real Estate Investment Trusts 1.48% | ||||||||
SBA Communications Corp. | 7,941 | 2,134 |
Investments | Shares | Fair Value (000) | ||||||
Food & Staples Retailing 0.81% | ||||||||
Walmart, Inc. | 8,327 | $ | 1,170 | |||||
Health Care Equipment & Supplies 5.39% | ||||||||
Align Technology, Inc.* | 2,904 | 1,526 | ||||||
Boston Scientific Corp.* | 20,736 | 735 | ||||||
Danaher Corp. | 7,380 | 1,755 | ||||||
DexCom, Inc.* | 3,136 | 1,176 | ||||||
Intuitive Surgical, Inc.* | 2,049 | 1,532 | ||||||
West Pharmaceutical Services, Inc. | 3,547 | 1,062 | ||||||
Total | 7,786 | |||||||
Health Care Providers & Services 0.30% | ||||||||
Guardant Health, Inc.* | 2,763 | 430 | ||||||
Health Care Technology 0.30% | ||||||||
Veeva Systems, Inc. Class A* | 1,574 | 435 | ||||||
Hotels, Restaurants & Leisure 1.52% | ||||||||
Airbnb, Inc. Class A* | 1,941 | 356 | ||||||
Chipotle Mexican Grill, Inc.* | 1,061 | 1,570 | ||||||
Hilton Worldwide Holdings, Inc. | 2,699 | 274 | ||||||
Total | 2,200 | |||||||
Household Products 0.32% | ||||||||
Church & Dwight Co., Inc. | 5,473 | 462 | ||||||
Industrial Conglomerates 1.42% | ||||||||
Honeywell International, Inc. | 5,661 | 1,106 | ||||||
Roper Technologies, Inc. | 2,410 | 947 | ||||||
Total | 2,053 | |||||||
Information Technology Services 9.35% | ||||||||
Fidelity National Information Services, Inc. | 10,857 | 1,340 | ||||||
Genpact Ltd. | 26,697 | 1,022 | ||||||
Global Payments, Inc. | 5,443 | 961 | ||||||
Mastercard, Inc. Class A | 11,121 | 3,518 | ||||||
PayPal Holdings, Inc.* | 15,092 | 3,536 | ||||||
Twilio, Inc. Class A* | 3,759 | 1,351 | ||||||
Visa, Inc. Class A | 9,220 | 1,782 | ||||||
Total | 13,510 |
2 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – DURABLE GROWTH FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Insurance 0.43% | ||||||||
RenaissanceRe Holdings Ltd. | 4,147 | $ | 624 | |||||
Interactive Media & Services 10.07% | ||||||||
Alphabet, Inc. Class A* | 3,933 | 7,187 | ||||||
Facebook, Inc. Class A* | 23,422 | 6,050 | ||||||
Match Group, Inc.* | 9,379 | 1,312 | ||||||
Total | 14,549 | |||||||
Internet & Direct Marketing Retail 8.43% | ||||||||
Amazon.com, Inc.* | 3,802 | 12,190 | ||||||
Leisure Products 0.45% | ||||||||
Peloton Interactive, Inc. Class A* | 4,453 | 651 | ||||||
Life Sciences Tools & Services 1.37% | ||||||||
10X Genomics, Inc. Class A* | 5,655 | 968 | ||||||
Repligen Corp.* | 5,035 | 1,007 | ||||||
Total | 1,975 | |||||||
Machinery 0.79% | ||||||||
Stanley Black & Decker, Inc. | 6,603 | 1,146 | ||||||
Multi-Line Retail 0.72% | ||||||||
Dollar Tree, Inc.* | 10,310 | 1,048 | ||||||
Personal Products 0.86% | ||||||||
Estee Lauder Cos., Inc. (The) Class A | 5,267 | 1,246 | ||||||
Pharmaceuticals 4.23% | ||||||||
AstraZeneca plc ADR | 16,678 | 844 | ||||||
Bristol-Myers Squibb Co. | 19,617 | 1,205 | ||||||
Eli Lilly and Co. | 10,500 | 2,184 | ||||||
Zoetis, Inc. | 12,188 | 1,880 | ||||||
Total | 6,113 | |||||||
Professional Services 0.52% | ||||||||
CoStar Group, Inc.* | 838 | 754 |
Investments | Shares | Fair Value (000) | ||||||
Road & Rail 2.40% | ||||||||
J.B. Hunt Transport Services, Inc. | 8,854 | $ | 1,192 | |||||
Norfolk Southern Corp. | 4,695 | 1,111 | ||||||
Old Dominion Freight Line, Inc. | 6,006 | 1,165 | ||||||
Total | 3,468 | |||||||
Semiconductors & Semiconductor Equipment 7.48% | ||||||||
Analog Devices, Inc. | 10,744 | 1,583 | ||||||
Lam Research Corp. | 2,705 | 1,309 | ||||||
NVIDIA Corp. | 5,767 | 2,996 | ||||||
NXP Semiconductors NV (Netherlands)(a) | 6,163 | 989 | ||||||
QUALCOMM, Inc. | 19,892 | 3,109 | ||||||
Xilinx, Inc. | 6,284 | 821 | ||||||
Total | 10,807 | |||||||
Software 15.52% | ||||||||
DocuSign, Inc.* | 4,104 | 956 | ||||||
Microsoft Corp. | 52,290 | 12,129 | ||||||
RingCentral, Inc. Class A* | 7,132 | 2,660 | ||||||
salesforce.com, Inc.* | 13,811 | 3,115 | ||||||
ServiceNow, Inc.* | 4,475 | 2,430 | ||||||
Splunk, Inc.* | 6,877 | 1,135 | ||||||
Total | 22,425 | |||||||
Specialty Retail 2.30% | ||||||||
Burlington Stores, Inc.* | 7,187 | 1,789 | ||||||
Home Depot, Inc. (The) | 5,684 | 1,539 | ||||||
Total | 3,328 | |||||||
Technology Hardware, Storage & Peripheral 7.74% | ||||||||
Apple, Inc. | 84,755 | 11,184 | ||||||
Textiles, Apparel & Luxury Goods 1.74% | ||||||||
NIKE, Inc. Class B | 18,775 | 2,508 | ||||||
Total Common Stocks (cost $110,786,665) | 143,420 |
See Notes to Schedule of Investments. | 3 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – DURABLE GROWTH FUND January 31, 2021
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 0.69% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $1,019,600 of U.S. Treasury Note at 0.25% due 06/15/2023; value: $1,022,305; proceeds: $1,002,212 (cost $1,002,212) | $1,002 | $ | 1,002 | |||||
Total Investments in Securities 99.92% (cost $111,788,877) | 144,422 | |||||||
Other Assets in Excess of Liabilities 0.08% | 109 | |||||||
Net Assets 100.00% | $ | 144,531 |
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 January 31, 2021 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 | $ | 143,420 | $ | – | $ | – | $ | 143,420 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | – | 1,002 | – | 1,002 | ||||||||||||
Total | $ | 143,420 | $ | 1,002 | $ | – | $ | 144,422 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
4 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – FOCUSED GROWTH FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 97.86% | ||||||||
Aerospace & Defense 3.13% | ||||||||
Axon Enterprise, Inc.* | 8,020 | $ | 1,317 | |||||
Automobiles 4.56% | ||||||||
Tesla, Inc.* | 2,412 | 1,914 | ||||||
Biotechnology 4.51% | ||||||||
Iovance Biotherapeutics, Inc.* | 9,651 | 423 | ||||||
TG Therapeutics, Inc.* | 15,065 | 727 | ||||||
Turning Point Therapeutics, Inc.* | 5,935 | 745 | ||||||
Total | 1,895 | |||||||
Electrical Equipment 2.80% | ||||||||
Generac Holdings, Inc.* | 4,779 | 1,178 | ||||||
Electronic Equipment, Instruments & Components 2.17% | ||||||||
Trimble, Inc.* | 13,856 | 913 | ||||||
Entertainment 10.26% | ||||||||
Netflix, Inc.* | 2,547 | 1,356 | ||||||
Roku, Inc.* | 4,269 | 1,661 | ||||||
Walt Disney Co. (The)* | 7,682 | 1,292 | ||||||
Total | 4,309 | |||||||
Health Care Equipment & Supplies 7.46% | ||||||||
Align Technology, Inc.* | 1,986 | 1,043 | ||||||
IDEXX Laboratories, Inc.* | 1,855 | 888 | ||||||
Insulet Corp.* | 4,493 | 1,201 | ||||||
Total | 3,132 | |||||||
Hotels, Restaurants & Leisure 2.08% | ||||||||
DraftKings, Inc. Class A* | 16,161 | 874 | ||||||
Information Technology Services 7.60% | ||||||||
PayPal Holdings, Inc.* | 5,454 | 1,278 | ||||||
Shopify, Inc. Class A (Canada)*(a) | 726 | 797 | ||||||
Square, Inc. Class A* | 5,171 | 1,117 | ||||||
Total | 3,192 |
Investments | Shares | Fair Value (000) | ||||||
Interactive Media & Services 8.77% | ||||||||
Alphabet, Inc. Class A* | 903 | $ | 1,650 | |||||
Match Group, Inc.* | 6,138 | 859 | ||||||
Snap, Inc. Class A* | 22,216 | 1,176 | ||||||
Total | 3,685 | |||||||
Internet & Direct Marketing Retail 8.12% | ||||||||
Amazon.com, Inc.* | 712 | 2,283 | ||||||
MercadoLibre, Inc. (Argentina)*(a) | 635 | 1,130 | ||||||
Total | 3,413 | |||||||
Road & Rail 3.60% | ||||||||
Uber Technologies, Inc.* | 29,731 | 1,514 | ||||||
Semiconductors & Semiconductor Equipment 12.10% | ||||||||
Advanced Micro Devices, Inc.* | 11,714 | 1,003 | ||||||
Enphase Energy, Inc.* | 6,894 | 1,257 | ||||||
NVIDIA Corp. | 2,862 | 1,487 | ||||||
QUALCOMM, Inc. | 8,560 | 1,338 | ||||||
Total | 5,085 | |||||||
Software 13.09% | ||||||||
Crowdstrike Holdings, Inc. | ||||||||
Class A* | 4,384 | 946 | ||||||
Five9, Inc.* | 6,521 | 1,084 | ||||||
Microsoft Corp. | 9,265 | 2,149 | ||||||
RingCentral, Inc. Class A* | 3,542 | 1,321 | ||||||
Total | 5,500 | |||||||
Technology Hardware, Storage & Peripheral 5.67% | ||||||||
Apple, Inc. | 18,043 | 2,381 | ||||||
Textiles, Apparel & Luxury Goods 1.94% | ||||||||
NIKE, Inc. Class B | 6,087 | 813 | ||||||
Total Common Stocks (cost $33,869,972) | 41,115 |
See Notes to Schedule of Investments. | 5 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – FOCUSED GROWTH FUND January 31, 2021
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 0.99% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $425,700 of U.S. Treasury Note at 0.25% due 6/15/2023; value: $426,829; proceeds: $418,407 (cost $418,407) | $418 | $ | 418 | |||||
Total Investments in Securities 98.85% (cost $34,288,379) | 41,533 | |||||||
Other Assets in Excess of Liabilities 1.15% | 483 | |||||||
Net Assets 100.00% | $ | 42,016 |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. |
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 41,115 | $ | – | $ | – | $ | 41,115 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | – | 418 | – | 418 | ||||||||||||
Total | $ | 41,115 | $ | 418 | $ | – | $ | 41,533 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
6 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – FOCUSED LARGE CAP VALUE FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.13% | ||||||||
Aerospace & Defense 2.93% | ||||||||
Raytheon Technologies Corp. | 282,720 | $ | 18,866 | |||||
Auto Components 2.86% | ||||||||
Lear Corp. | 121,867 | 18,373 | ||||||
Automobiles 3.04% | ||||||||
Harley-Davidson, Inc. | 488,110 | 19,568 | ||||||
Banks 10.10% | ||||||||
CIT Group, Inc. | 619,564 | 22,862 | ||||||
Citigroup, Inc. | 374,282 | 21,705 | ||||||
JPMorgan Chase & Co. | 158,360 | 20,376 | ||||||
Total | 64,943 | |||||||
Biotechnology 2.82% | ||||||||
AbbVie, Inc. | 177,190 | 18,158 | ||||||
Building Products 2.95% | ||||||||
Masco Corp. | 349,720 | 18,993 | ||||||
Capital Markets 9.39% | ||||||||
Ameriprise Financial, Inc. | 115,216 | 22,798 | ||||||
Invesco Ltd. | 1,087,718 | 22,396 | ||||||
KKR & Co., Inc. Class A | 389,687 | 15,178 | ||||||
Total | 60,372 | |||||||
Chemicals 2.82% | ||||||||
Dow, Inc. | 349,917 | 18,161 | ||||||
Diversified Telecommunication Services 1.79% | ||||||||
Verizon Communications, Inc. | 209,835 | 11,488 | ||||||
Electric: Utilities 3.62% | ||||||||
NRG Energy, Inc. | 561,660 | 23,258 | ||||||
Electronic Equipment, Instruments & Components 2.60% | ||||||||
Avnet, Inc. | 474,191 | 16,744 |
Investments | Shares | Fair Value (000) | ||||||
Energy Equipment & Services 1.28% | ||||||||
Schlumberger Ltd. | 370,880 | $ | 8,237 | |||||
Health Care Providers & Services 7.94% | ||||||||
CVS Health Corp. | 236,522 | 16,947 | ||||||
McKesson Corp. | 101,790 | 17,759 | ||||||
Universal Health Services, Inc. Class B | 131,556 | 16,403 | ||||||
Total | 51,109 | |||||||
Hotels, Restaurants & Leisure 3.42% | ||||||||
Caesars Entertainment, Inc.* | 312,110 | 21,969 | ||||||
Household Products 3.94% | ||||||||
Spectrum Brands Holdings, Inc. | 335,502 | 25,354 | ||||||
Insurance 6.40% | ||||||||
Fidelity National Financial, Inc. | 562,870 | 20,432 | ||||||
Hartford Financial Services Group, Inc. (The) | 431,910 | 20,740 | ||||||
Total | 41,172 | |||||||
Machinery 5.58% | ||||||||
Allison Transmission Holdings, Inc. | 445,000 | 18,112 | ||||||
Westinghouse Air Brake Technologies Corp. | 239,322 | 17,760 | ||||||
Total | 35,872 | |||||||
Media 6.00% | ||||||||
Comcast Corp. Class A | 375,030 | 18,590 | ||||||
Nexstar Media Group, Inc. Class A | 176,271 | 20,037 | ||||||
Total | 38,627 | |||||||
Oil, Gas & Consumable Fuels 3.74% | ||||||||
Chevron Corp. | 92,075 | 7,845 | ||||||
ONEOK, Inc. | 200,550 | 7,988 | ||||||
Total SE ADR | 195,094 | 8,209 | ||||||
Total | 24,042 |
See Notes to Schedule of Investments. | 7 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – FOCUSED LARGE CAP VALUE FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Pharmaceuticals 2.42% | ||||||||
Bristol-Myers Squibb Co. | 253,680 | $ | 15,584 | |||||
Semiconductors & Semiconductor Equipment 1.82% | ||||||||
Intel Corp. | 210,991 | 11,712 | ||||||
Software 3.50% | ||||||||
McAfee Corp. Class A | 1,194,110 | 22,509 | ||||||
Specialty Retail 6.00% | ||||||||
Lowe’s Cos., Inc. | 118,878 | 19,835 | ||||||
TJX Cos., Inc. (The) | 292,850 | 18,754 | ||||||
Total | 38,589 | |||||||
Tobacco 2.17% | ||||||||
Philip Morris International, Inc. | 175,600 | 13,987 | ||||||
Total Common Stocks (cost $517,167,812) | 637,687 |
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 0.71% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $4,671,100 of U.S. Treasury Note at 0.25% due 06/15/2023; value: $4,683,493; proceeds: $4,591,581 (cost $4,591,581) | $4,592 | $ | 4,592 | |||||
Total Investments in Securities 99.84% (cost $521,759,393) | 642,279 | |||||||
Other Assets in Excess of Liabilities 0.16% | 1,039 | |||||||
Net Assets 100.00% | $ | 643,318 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. |
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 637,687 | $ | – | $ | – | $ | 637,687 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | – | 4,592 | – | 4,592 | ||||||||||||
Total | $ | 637,687 | $ | 4,592 | $ | – | $ | 642,279 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
8 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – FOCUSED SMALL CAP VALUE FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 96.80% | ||||||||
Aerospace & Defense 0.86% | ||||||||
Triumph Group, Inc. | 138,791 | $ | 1,503 | |||||
Auto Components 2.99% | ||||||||
American Axle & Manufacturing Holdings, Inc.* | 596,659 | 5,257 | ||||||
Automobiles 2.27% | ||||||||
Harley-Davidson, Inc. | 99,328 | 3,982 | ||||||
Banks 16.27% | ||||||||
Bancorp, Inc. (The)* | 394,056 | 6,608 | ||||||
BankUnited, Inc. | 120,300 | 4,168 | ||||||
Pacific Premier Bancorp, Inc. | 138,700 | 4,612 | ||||||
Sterling Bancorp | 267,129 | 4,931 | ||||||
TCF Financial Corp. | 99,296 | 3,859 | ||||||
Western Alliance Bancorp | 64,373 | 4,389 | ||||||
Total | 28,567 | |||||||
Building Products 2.72% | ||||||||
Masonite International Corp.* | 47,944 | 4,770 | ||||||
Capital Markets 6.61% | ||||||||
Brightsphere Investment Group, Inc. | 173,293 | 3,177 | ||||||
Moelis & Co. Class A | 68,300 | 3,395 | ||||||
Sculptor Capital Management, Inc. | 167,538 | 2,841 | ||||||
Victory Capital Holdings, Inc. Class A | 103,569 | 2,198 | ||||||
Total | 11,611 | |||||||
Chemicals 2.00% | ||||||||
Axalta Coating Systems Ltd.* | 129,817 | 3,504 | ||||||
Commercial Services & Supplies 2.27% | ||||||||
SP Plus Corp.* | 137,618 | 3,991 | ||||||
Construction & Engineering 1.94% | ||||||||
EMCOR Group, Inc. | 38,592 | 3,408 | ||||||
Consumer Finance 1.57% | ||||||||
Nelnet, Inc. Class A | 40,000 | 2,752 |
Investments | Shares | Fair Value (000) | ||||||
Containers & Packaging 1.62% | ||||||||
Pactiv Evergreen, Inc.* | 201,700 | $ | 2,850 | |||||
Electronic Equipment, Instruments & Components 2.00% | ||||||||
Avnet, Inc. | 99,586 | 3,516 | ||||||
Energy Equipment & Services 1.23% | ||||||||
Core Laboratories NV (Netherlands)(a) | 65,761 | 2,169 | ||||||
Equity Real Estate Investment Trusts 3.77% | ||||||||
Outfront Media, Inc. | 150,767 | 2,748 | ||||||
Sunstone Hotel Investors, Inc. | 361,672 | 3,870 | ||||||
Total | 6,618 | |||||||
Health Care Equipment & Supplies 1.61% | ||||||||
NuVasive, Inc.* | 52,500 | 2,821 | ||||||
Hotels, Restaurants & Leisure 2.19% | ||||||||
Caesars Entertainment, Inc.* | 54,567 | 3,841 | ||||||
Household Durables 2.85% | ||||||||
Purple Innovation, Inc.* | 147,073 | 5,006 | ||||||
Household Products 2.97% | ||||||||
Spectrum Brands Holdings, Inc. | 68,927 | 5,209 | ||||||
Insurance 4.27% | ||||||||
Axis Capital Holdings Ltd. | 60,300 | 2,768 | ||||||
ProSight Global, Inc.* | 84,574 | 1,053 | ||||||
Stewart Information Services Corp. | 79,425 | 3,683 | ||||||
Total | 7,504 | |||||||
Leisure Products 2.43% | ||||||||
Malibu Boats, Inc. Class A* | 60,800 | 4,263 | ||||||
Machinery 9.00% | ||||||||
Blue Bird Corp.* | 149,100 | 3,057 | ||||||
Columbus McKinnon Corp. | 87,200 | 3,766 | ||||||
Hillenbrand, Inc. | 145,852 | 5,995 | ||||||
Miller Industries, Inc. | 75,011 | 2,991 | ||||||
Total | 15,809 |
See Notes to Schedule of Investments. | 9 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – FOCUSED SMALL CAP VALUE FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Media 3.45% | ||||||||
EW Scripps Co. (The) Class A | 175,600 | $ | 2,601 | |||||
Nexstar Media Group, Inc. Class A | 30,396 | 3,455 | ||||||
Total | 6,056 | |||||||
Metals & Mining 3.95% | ||||||||
Lundin Mining Corp.(b) | CAD | 417,300 | 3,720 | |||||
Worthington Industries, Inc. | 61,507 | 3,219 | ||||||
Total | 6,939 | |||||||
Oil, Gas & Consumable Fuels 3.30% | ||||||||
Devon Energy Corp. | 65,181 | 1,073 | ||||||
MEG Energy Corp.*(b) | CAD | 640,800 | 2,135 | |||||
Par Pacific Holdings, Inc.* | 194,308 | 2,580 | ||||||
Total | 5,788 | |||||||
Real Estate Management & Development 2.16% | ||||||||
Realogy Holdings Corp.* | 267,375 | 3,797 | ||||||
Semiconductors & Semiconductor Equipment 4.30% | ||||||||
Advanced Energy Industries, Inc.* | 39,100 | 4,011 | ||||||
Ichor Holdings Ltd.* | 98,100 | 3,541 | ||||||
Total | 7,552 | |||||||
Technology Hardware, Storage & Peripherals 2.04% | ||||||||
Diebold Nixdorf, Inc.* | 261,784 | 3,576 | ||||||
Thrifts & Mortgage Finance 4.16% | ||||||||
Essent Group Ltd. | 71,400 | 2,987 | ||||||
Flagstar Bancorp, Inc. | 100,800 | 4,319 | ||||||
Total | 7,306 | |||||||
Total Common Stocks (cost $142,505,067) | 169,965 |
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 2.94% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $5,275,600 of U.S. Treasury Note at 0.125% 7/15/2023; value: $5,272,558; proceeds: $5,169,173 (cost $5,169,173) | $5,169 | $ | 5,169 | |||||
Total Investments in Securities 99.74% (cost $147,674,240) | 175,134 | |||||||
Foreign Cash and Other Assets in Excess of Liabilities 0.26% | 454 | |||||||
Net Assets 100.00% | $ | 175,588 |
CAD | Canadian dollar. | |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. | |
(b) | Investment in non-U.S. dollar denominated securities. |
10 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – FOCUSED SMALL CAP VALUE FUND January 31, 2021
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 169,965 | $ | – | $ | – | $ | 169,965 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | – | 5,169 | – | 5,169 | ||||||||||||
Total | $ | 169,965 | $ | 5,169 | $ | – | $ | 175,134 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
See Notes to Schedule of Investments. | 11 |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – FUNDAMENTAL EQUITY FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.46% | ||||||||
Aerospace & Defense 1.80% | ||||||||
Raytheon Technologies Corp. | 475,940 | $ | 31,759 | |||||
Air Freight & Logistics 0.75% | ||||||||
Expeditors International of Washington, Inc. | 147,740 | 13,226 | ||||||
Auto Components 1.42% | ||||||||
Lear Corp. | 166,039 | 25,032 | ||||||
Automobiles 1.53% | ||||||||
General Motors Co. | 534,010 | 27,064 | ||||||
Banks 9.06% | ||||||||
CIT Group, Inc. | 802,450 | 29,610 | ||||||
East West Bancorp, Inc. | 555,263 | 33,283 | ||||||
JPMorgan Chase & Co. | 548,196 | 70,536 | ||||||
Western Alliance Bancorp | 391,980 | 26,725 | ||||||
Total | 160,154 | |||||||
Beverages 1.36% | ||||||||
PepsiCo, Inc. | 175,416 | 23,957 | ||||||
Biotechnology 1.32% | ||||||||
AbbVie, Inc. | 107,890 | 11,057 | ||||||
Vertex Pharmaceuticals, Inc.* | 53,250 | 12,198 | ||||||
Total | 23,255 | |||||||
Building Products 1.54% | ||||||||
Masco Corp. | 502,060 | 27,267 | ||||||
Capital Markets 4.94% | ||||||||
Ameriprise Financial, Inc. | 141,046 | 27,909 | ||||||
Blackstone Group, Inc. (The) Class A | 362,940 | 24,386 | ||||||
Morgan Stanley | 521,576 | 34,971 | ||||||
Total | 87,266 | |||||||
Chemicals 4.34% | ||||||||
Corteva, Inc. | 647,610 | 25,814 | ||||||
Dow, Inc. | 434,650 | 22,558 | ||||||
PPG Industries, Inc. | 210,979 | 28,421 | ||||||
Total | 76,793 |
Investments | Shares | Fair Value (000) | ||||||
Consumer Finance 1.96% | ||||||||
American Express Co. | 298,196 | $ | 34,668 | |||||
Diversified Telecommunication Services 1.80% | ||||||||
Verizon Communications, Inc. | 582,780 | 31,907 | ||||||
Electric: Utilities 2.28% | ||||||||
Edison International | 371,378 | 21,600 | ||||||
NextEra Energy, Inc. | 232,154 | 18,774 | ||||||
Total | 40,374 | |||||||
Electrical Equipment 1.53% | ||||||||
Hubbell, Inc. | 174,066 | 27,085 | ||||||
Equity Real Estate Investment Trusts 2.84% | ||||||||
Alexandria Real Estate Equities, Inc. | 108,667 | 18,159 | ||||||
Host Hotels & Resorts, Inc. | 994,919 | 13,481 | ||||||
Prologis, Inc. | 179,403 | 18,515 | ||||||
Total | 50,155 | |||||||
Health Care Equipment & Supplies 3.33% | ||||||||
Medtronic plc (Ireland)(a) | 331,009 | 36,851 | ||||||
Zimmer Biomet Holdings, Inc. | 143,630 | 22,072 | ||||||
Total | 58,923 | |||||||
Health Care Providers & Services 3.66% | ||||||||
CVS Health Corp. | 384,006 | 27,514 | ||||||
McKesson Corp. | 87,483 | 15,263 | ||||||
UnitedHealth Group, Inc. | 65,810 | 21,953 | ||||||
Total | 64,730 | |||||||
Hotels, Restaurants & Leisure 1.21% | ||||||||
Choice Hotels International, Inc. | 51,352 | 5,168 | ||||||
Domino’s Pizza, Inc. | 43,700 | 16,202 | ||||||
Total | 21,370 | |||||||
Household Products 2.65% | ||||||||
Colgate-Palmolive Co. | 309,400 | 24,133 | ||||||
Procter & Gamble Co. (The) | 176,963 | 22,689 | ||||||
Total | 46,822 |
12 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – FUNDAMENTAL EQUITY FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Industrial Conglomerates 2.33% | ||||||||
Honeywell International, Inc. | 210,642 | $ | 41,153 | |||||
Information Technology Services 0.93% | ||||||||
Mastercard, Inc. Class A | 51,750 | 16,368 | ||||||
Insurance 4.92% | ||||||||
American International Group, Inc. | 558,752 | 20,920 | ||||||
Everest Re Group Ltd. | 115,015 | 24,277 | ||||||
Fidelity National Financial, Inc. | 677,920 | 24,608 | ||||||
Globe Life, Inc. | 190,640 | 17,232 | ||||||
Total | 87,037 | |||||||
Interactive Media & Services 2.97% | ||||||||
Alphabet, Inc. Class A* | 21,990 | 40,184 | ||||||
Facebook, Inc. Class A* | 47,432 | 12,253 | ||||||
Total | 52,437 | |||||||
Internet & Direct Marketing Retail 1.08% | ||||||||
eBay, Inc. | 339,090 | 19,162 | ||||||
Life Sciences Tools & Services 2.08% | ||||||||
Thermo Fisher Scientific, Inc. | 26,640 | 13,578 | ||||||
Waters Corp.* | 87,339 | 23,116 | ||||||
Total | 36,694 | |||||||
Machinery 3.29% | ||||||||
Cummins, Inc. | 130,002 | 30,475 | ||||||
Westinghouse Air Brake Technologies Corp. | 372,587 | 27,650 | ||||||
Total | 58,125 | |||||||
Media 3.49% | ||||||||
Comcast Corp. Class A | 639,652 | 31,707 | ||||||
Fox Corp. Class A | 596,730 | 18,606 | ||||||
Nexstar Media Group, Inc. Class A | 99,750 | 11,339 | ||||||
Total | 61,652 | |||||||
Multi-Utilities 1.03% | ||||||||
CMS Energy Corp. | 318,870 | 18,137 |
Investments | Shares | Fair Value (000) | ||||||
Oil, Gas & Consumable Fuels 4.18% | ||||||||
Cabot Oil & Gas Corp. | 732,460 | $ | 13,426 | |||||
Chevron Corp. | 204,720 | 17,442 | ||||||
Marathon Petroleum Corp. | 338,793 | 14,622 | ||||||
ONEOK, Inc. | 264,562 | 10,538 | ||||||
Total SE ADR | 424,500 | 17,863 | ||||||
Total | 73,891 | |||||||
Personal Products 1.51% | ||||||||
Unilever plc(b) | GBP | 457,610 | 26,658 | |||||
Pharmaceuticals 4.78% | ||||||||
Bristol-Myers Squibb Co. | 520,446 | 31,971 | ||||||
Eli Lilly and Co. | 64,510 | 13,416 | ||||||
Merck & Co., Inc. | 219,209 | 16,895 | ||||||
Sanofi(b) | EUR | 235,550 | 22,153 | |||||
Total | 84,435 | |||||||
Road & Rail 1.77% | ||||||||
Landstar System, Inc. | 128,604 | 17,928 | ||||||
Norfolk Southern Corp. | 56,167 | 13,290 | ||||||
Total | 31,218 | |||||||
Semiconductors & Semiconductor Equipment 6.00% | ||||||||
KLA Corp. | 31,800 | 8,906 | ||||||
Micron Technology, Inc.* | 183,630 | 14,373 | ||||||
QUALCOMM, Inc. | 139,728 | 21,837 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | ADR | 218,830 | 26,592 | |||||
Texas Instruments, Inc. | 207,077 | 34,310 | ||||||
Total | 106,018 | |||||||
Software 2.82% | ||||||||
Microsoft Corp. | 115,620 | 26,819 | ||||||
Oracle Corp. | 381,260 | 23,040 | ||||||
Total | 49,859 | |||||||
Specialty Retail 2.84% | ||||||||
Lowe’s Cos., Inc. | 153,550 | 25,620 | ||||||
TJX Cos., Inc. (The) | 382,966 | 24,525 | ||||||
Total | 50,145 |
See Notes to Schedule of Investments. | 13 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – FUNDAMENTAL EQUITY FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Technology Hardware, Storage & Peripherals 2.60% | ||||||||
Apple, Inc. | 222,530 | $ | 29,365 | |||||
NetApp, Inc. | 250,400 | 16,637 | ||||||
Total | 46,002 | |||||||
Tobacco 0.73% | ||||||||
Philip Morris International, Inc. | 161,418 | 12,857 | ||||||
Water Utilities 0.79% | ||||||||
American Water Works Co., Inc. | 88,100 | 14,010 | ||||||
Total Common Stocks (cost $1,393,190,251) | 1,757,665 |
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 0.43% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $7,711,900 of U.S. Treasury Note at 0.125% due 7/15/2023; value: $7,707,453; proceeds: $7,556,257 (cost $7,556,257) | $7,556 | $ | 7,556 | |||||
Total Investments in Securities 99.89% (cost $1,400,746,508) | 1,765,221 | |||||||
Other Assets in Excess of Liabilities 0.11% | 1,942 | |||||||
Net Assets 100.00% | $ | 1,767,163 |
ADR | American Depositary Receipt. EUR Euro. | |
GBP | British pound. | |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. | |
(b) | Investment in non-U.S. dollar denominated securities. |
The following is a summary of the inputs used as of January 31, 2021 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 | ||||||||||||||||
Personal Products | $ | – | $ | 26,658 | $ | – | $ | 26,658 | ||||||||
Pharmaceuticals | 62,282 | 22,153 | – | 84,435 | ||||||||||||
Remaining Industries | 1,646,572 | – | – | 1,646,572 | ||||||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | – | 7,556 | – | 7,556 | ||||||||||||
Total | $ | 1,708,854 | $ | 56,367 | $ | – | $ | 1,765,221 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
14 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – GLOBAL EQUITY RESEARCH FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
COMMON STOCKS 98.39% | ||||||||
Brazil 1.54% | ||||||||
Metals & Mining | ||||||||
Vale SA | 8,109 | $ | 130 | |||||
Canada 3.60% | ||||||||
Aerospace & Defense 1.36% | ||||||||
CAE, Inc. | 5,110 | 115 | ||||||
Information Technology Services 0.99% | ||||||||
Shopify, Inc.* | 76 | 83 | ||||||
Insurance 0.80% | ||||||||
Intact Financial Corp. | 605 | 67 | ||||||
Oil, Gas & Consumable Fuels 0.45% | ||||||||
Pembina Pipeline Corp. | 1,453 | 38 | ||||||
Total Canada | 303 | |||||||
China 2.64% | ||||||||
Construction Materials 0.96% | ||||||||
China Resources Cement Holdings Ltd. | 73,329 | 81 | ||||||
Interactive Media & Services 1.68% | ||||||||
Tencent Holdings Ltd. | 1,586 | 141 | ||||||
Total China | 222 | |||||||
Denmark 1.09% | ||||||||
Beverages | ||||||||
Carlsberg A/S Class B | 627 | 92 | ||||||
France 4.13% | ||||||||
Insurance 1.45% | ||||||||
AXA SA | 5,522 | 122 | ||||||
Life Sciences Tools & Services 0.47% | ||||||||
Sartorius Stedim Biotech | 95 | 40 |
Investments | Shares | U.S. $ Fair Value (000) | ||||||
France (continued) | ||||||||
Multi-Utilities 1.18% | ||||||||
Engie SA* | 6,366 | $ | 99 | |||||
Personal Products 1.03% | ||||||||
L’Oreal SA | 247 | 87 | ||||||
Total France | 348 | |||||||
Germany 1.28% | ||||||||
Semiconductors & Semiconductor Equipment | ||||||||
Infineon Technologies AG | 2,684 | 108 | ||||||
Hong Kong 1.69% | ||||||||
Real Estate Management & Development 0.97% | ||||||||
Kerry Properties Ltd. | 31,698 | 82 | ||||||
Textiles, Apparel & Luxury Goods 0.72% | ||||||||
Stella International Holdings Ltd. | 50,959 | 60 | ||||||
Total Hong Kong | 142 | |||||||
India 1.27% | ||||||||
Banks | ||||||||
ICICI Bank Ltd. ADR* | 7,077 | 107 | ||||||
Italy 0.96% | ||||||||
Textiles, Apparel & Luxury Goods | ||||||||
Moncler SpA* | 1,431 | 81 | ||||||
Japan 5.98% | ||||||||
Auto Components 1.26% | ||||||||
Denso Corp. | 1,900 | 106 | ||||||
Building Products 1.16% | ||||||||
Sanwa Holdings Corp. | 8,631 | 98 |
See Notes to Schedule of Investments. | 15 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – GLOBAL EQUITY RESEARCH FUND January 31, 2021
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Japan (continued) | ||||||||
Electronic Equipment, Instruments & Components 2.43% | ||||||||
Keyence Corp. | 186 | $ | 100 | |||||
TDK Corp. | 649 | 105 | ||||||
205 | ||||||||
Household Durables 1.13% | ||||||||
Sony Corp. | 994 | 95 | ||||||
Total Japan | 504 | |||||||
Mexico 2.00% | ||||||||
Banks 1.25% | ||||||||
Grupo Financiero Banorte SAB de CV* | 21,228 | 105 | ||||||
Transportation Infrastructure 0.75% | ||||||||
Grupo Aeroportuario del Pacifico SAB de CV* | 6,278 | 64 | ||||||
Total Mexico | 169 | |||||||
Netherlands 0.74% | ||||||||
Information Technology Services | ||||||||
Adyen NV*† | 30 | 63 | ||||||
Norway 1.70% | ||||||||
Independent Power and Renewable Electricity Producer 0.81% | ||||||||
Scatec ASA† | 1,799 | 68 | ||||||
Oil, Gas & Consumable Fuels 0.89% | ||||||||
Equinor ASA | 4,168 | 75 | ||||||
Total Norway | 143 | |||||||
South Korea 2.79% | ||||||||
Technology Hardware, Storage & Peripherals | ||||||||
Samsung Electronics Co., Ltd. | 3,215 | 235 |
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Sweden 1.20% | ||||||||
Machinery | ||||||||
Alfa Laval AB* | 3,870 | $ | 101 | |||||
Switzerland 2.45% | ||||||||
Capital Markets 1.61% | ||||||||
UBS Group AG | 9,386 | 135 | ||||||
Life Sciences Tools & Services 0.84% | ||||||||
Lonza Group AG | 111 | 71 | ||||||
Total Switzerland | 206 | |||||||
Taiwan 2.02% | ||||||||
Semiconductors & Semiconductor Equipment | ||||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 8,052 | 170 | ||||||
United Kingdom 4.04% | ||||||||
Capital Markets 0.87% | ||||||||
London Stock Exchange Group plc | 617 | 73 | ||||||
Equity Real Estate Investment Trusts 0.99% | ||||||||
UNITE Group plc (The)* | 6,345 | 83 | ||||||
Insurance 0.65% | ||||||||
Prudential plc | 3,456 | 55 | ||||||
Personal Products 0.95% | ||||||||
Unilever PLC | 1,366 | 80 | ||||||
Specialty Retail 0.58% | ||||||||
WH Smith plc | 2,349 | 49 | ||||||
Total United Kingdom | 340 | |||||||
United States 57.27% | ||||||||
Auto Components 1.84% | ||||||||
Lear Corp. | 1,028 | 155 |
16 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – GLOBAL EQUITY RESEARCH FUND January 31, 2021
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United States (continued) | ||||||||
Banks 1.60% | ||||||||
Bancorp, Inc. (The)* | 8,062 | $ | 135 | |||||
Beverages 1.10% | ||||||||
Coca-Cola Co. (The) | 1,928 | 93 | ||||||
Biotechnology 2.98% | ||||||||
Natera, Inc.* | 929 | 99 | ||||||
TG Therapeutics, Inc.* | 942 | 45 | ||||||
Vertex Pharmaceuticals, Inc.* | 466 | 107 | ||||||
251 | ||||||||
Building Products 0.89% | ||||||||
Masco Corp. | 1,387 | 75 | ||||||
Capital Markets 1.04% | ||||||||
BlackRock, Inc. | 125 | 88 | ||||||
Chemicals 2.34% | ||||||||
Axalta Coating Systems Ltd.* | 3,630 | 98 | ||||||
Valvoline, Inc. | 4,153 | 99 | ||||||
197 | ||||||||
Consumer Finance 2.91% | ||||||||
Ally Financial, Inc. | 3,136 | 119 | ||||||
Discover Financial Services | 1,514 | 126 | ||||||
245 | ||||||||
Electrical Equipment 1.13% | ||||||||
AMETEK, Inc. | 834 | 95 | ||||||
Entertainment 2.93% | ||||||||
Activision Blizzard, Inc. | 1,065 | 97 | ||||||
Live Nation Entertainment, Inc.* | 942 | 63 | ||||||
Roku, Inc.* | 224 | 87 | ||||||
247 | ||||||||
Equity Real Estate Investment Trusts 0.88% | ||||||||
Alexandria Real Estate Equities, Inc. | 445 | 74 |
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United States (continued) | ||||||||
Food & Staples Retailing 2.68% | ||||||||
Sysco Corp. | 926 | $ | 66 | |||||
Walmart, Inc. | 1,136 | 160 | ||||||
226 | ||||||||
Health Care Equipment & Supplies 1.52% | ||||||||
DexCom, Inc.* | 121 | 45 | ||||||
Zimmer Biomet Holdings, Inc. | 539 | 83 | ||||||
128 | ||||||||
Health Care Providers & Services 1.19% | ||||||||
UnitedHealth Group, Inc. | 300 | 100 | ||||||
Hotels, Restaurants & Leisure 0.83% | ||||||||
Caesars Entertainment, Inc.* | 991 | 70 | ||||||
Information Technology Services 2.41% | ||||||||
Mastercard, Inc. Class A | 351 | 111 | ||||||
PayPal Holdings, Inc.* | 391 | 92 | ||||||
203 | ||||||||
Interactive Media & Services 4.78% | ||||||||
Alphabet, Inc. Class A* | 114 | 209 | ||||||
Facebook, Inc. Class A* | 519 | 134 | ||||||
Pinterest, Inc. Class A* | 878 | 60 | ||||||
403 | ||||||||
Internet & Direct Marketing Retail 3.00% | ||||||||
Amazon.com, Inc.* | 79 | 253 | ||||||
Life Sciences Tools & Services 1.09% | ||||||||
10X Genomics, Inc. Class A* | 538 | 92 | ||||||
Machinery 2.47% | ||||||||
Hillenbrand, Inc. | 3,276 | 135 | ||||||
Stanley Black & Decker, Inc. | 424 | 73 | ||||||
208 | ||||||||
Multi-Line Retail 1.34% | ||||||||
Dollar Tree, Inc.* | 1,116 | 113 |
See Notes to Schedule of Investments. | 17 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – GLOBAL EQUITY RESEARCH FUND January 31, 2021
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United States (continued) | ||||||||
Oil, Gas & Consumable Fuels 1.88% | ||||||||
Marathon Petroleum Corp. | 1,394 | $ | 60 | |||||
Pioneer Natural Resources Co. | 811 | 98 | ||||||
158 | ||||||||
Pharmaceuticals 2.77% | ||||||||
Eli Lilly and Co. | 635 | 132 | ||||||
Merck & Co., Inc. | 1,310 | 101 | ||||||
233 | ||||||||
Road & Rail 1.64% | ||||||||
Norfolk Southern Corp. | 582 | 138 | ||||||
Semiconductors & Semiconductor Equipment 2.83% | ||||||||
Applied Materials, Inc. | 940 | 91 | ||||||
NVIDIA Corp. | 284 | 147 | ||||||
238 | ||||||||
Software 6.29% | ||||||||
Microsoft Corp. | 1,233 | 286 | ||||||
RingCentral, Inc. Class A* | 243 | 91 | ||||||
salesforce.com, Inc.* | 369 | 83 | ||||||
Trade Desk, Inc. (The) Class A* | 92 | 70 | ||||||
530 | ||||||||
Specialty Retail 0.91% | ||||||||
TJX Cos., Inc. (The) | 1,204 | 77 | ||||||
Total United States | 4,825 | |||||||
Total Common Stocks (cost $6,889,479) | 8,289 |
Investments | Principal Amount (000) | U.S. $ Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 1.74% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $150,000 of U.S. Treasury Note at 0.25% due 06/15/2023; value: $150,398; proceeds: $147,354 (cost $147,354) | $147 | $ | 147 | |||||
Total Investments in Securities 100.13% (cost $7,036,833) | 8,436 | |||||||
Liabilities in Excess of Foreign Cash and Other Assets (0.13)% | (11 | ) | ||||||
Net Assets 100.00% | $ | 8,425 |
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 January 31, 2021, the total value of Rule 144A securities was $131, which represents 1.55% of net assets. |
18 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – GLOBAL EQUITY RESEARCH FUND January 31, 2021
The following is a summary of the inputs used as of January 31, 2021 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 | ||||||||||||||||
China | $ | – | $ | 222 | $ | – | $ | 222 | ||||||||
Denmark | – | 92 | – | 92 | ||||||||||||
France | 40 | 308 | – | 348 | ||||||||||||
Germany | – | 108 | – | 108 | ||||||||||||
Hong Kong | – | 142 | – | 142 | ||||||||||||
Italy | – | 81 | – | 81 | ||||||||||||
Japan | – | 504 | – | 504 | ||||||||||||
Netherlands | – | 63 | – | 63 | ||||||||||||
Norway | – | 143 | – | 143 | ||||||||||||
South Korea | – | 235 | – | 235 | ||||||||||||
Sweden | – | 101 | – | 101 | ||||||||||||
Switzerland | – | 206 | – | 206 | ||||||||||||
Taiwan | – | 170 | – | 170 | ||||||||||||
United Kingdom | 80 | 260 | – | 340 | ||||||||||||
Remaining Countries | 5,534 | – | – | 5,534 | ||||||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | – | 147 | – | 147 | ||||||||||||
Total | $ | 5,654 | $ | 2,782 | $ | – | $ | 8,436 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
See Notes to Schedule of Investments. | 19 |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – GROWTH LEADERS FUND January 31, 2021
Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
COMMON STOCKS 98.38% | ||||||||
Aerospace & Defense 1.60% | ||||||||
Axon Enterprise, Inc.* | 753,182 | $ | 123,642 | |||||
HEICO Corp. | 125,350 | 14,759 | ||||||
Total | 138,401 | |||||||
Automobiles 3.79% | ||||||||
Tesla, Inc.* | 413,502 | 328,126 | ||||||
Banks 0.53% | ||||||||
SVB Financial Group* | 104,725 | 45,847 | ||||||
Biotechnology 7.38% | ||||||||
Arena Pharmaceuticals, Inc.* | 1,163,312 | 86,364 | ||||||
Argenx SE ADR* | 161,323 | 47,271 | ||||||
Iovance Biotherapeutics, Inc.* | 1,003,033 | 43,973 | ||||||
Mirati Therapeutics, Inc.* | 328,805 | 67,514 | ||||||
Natera, Inc.* | 358,837 | 38,266 | ||||||
Neurocrine Biosciences, Inc.* | 653,862 | 71,761 | ||||||
Seagen, Inc.* | 302,936 | 49,763 | ||||||
TG Therapeutics, Inc.* | 2,396,820 | 115,695 | ||||||
Turning Point Therapeutics, Inc.* | 640,862 | 80,422 | ||||||
Vertex Pharmaceuticals, Inc.* | 169,402 | 38,807 | ||||||
Total | 639,836 | |||||||
Building Products 0.73% | ||||||||
AZEK Co., Inc. (The)* | 1,578,458 | 62,965 | ||||||
Capital Markets 1.35% | ||||||||
MarketAxess Holdings, Inc. | 109,591 | 59,262 | ||||||
MSCI, Inc. | 145,874 | 57,664 | ||||||
Total | 116,926 | |||||||
Diversified Consumer Services 0.55% | ||||||||
Bright Horizons Family Solutions, Inc.* | 315,818 | 47,995 | ||||||
Electrical Equipment 2.67% | ||||||||
Generac Holdings, Inc.* | 415,524 | 102,393 | ||||||
Plug Power, Inc.* | 1,528,604 | 96,562 |
Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Electrical Equipment (continued) | ||||||||
Shoals Technologies Group, Inc. | ||||||||
Class A* | 23,746 | $ | 806 | |||||
Sunrun, Inc.* | 457,685 | 31,704 | ||||||
Total | 231,465 | |||||||
Electronic Equipment, Instruments & Components 3.24% | ||||||||
Amphenol Corp. Class A | 750,010 | 93,661 | ||||||
Cognex Corp. | 990,367 | 81,339 | ||||||
Trimble, Inc.* | 1,612,049 | 106,250 | ||||||
Total | 281,250 | |||||||
Entertainment 6.84% | ||||||||
Activision Blizzard, Inc. | 1,067,077 | 97,104 | ||||||
Live Nation Entertainment, Inc.* | 976,971 | 64,920 | ||||||
Netflix, Inc.* | 265,786 | 141,502 | ||||||
Roku, Inc.* | 532,418 | 207,126 | ||||||
Walt Disney Co. (The)* | 490,885 | 82,552 | ||||||
Total | 593,204 | |||||||
Health Care Equipment & Supplies 5.72% | ||||||||
Align Technology, Inc.* | 215,815 | 113,385 | ||||||
Danaher Corp. | 185,728 | 44,174 | ||||||
IDEXX Laboratories, Inc.* | 166,030 | 79,475 | ||||||
Insulet Corp.* | 468,830 | 125,262 | ||||||
Intuitive Surgical, Inc.* | 94,192 | 70,422 | ||||||
Nevro Corp.* | 389,118 | 62,955 | ||||||
Total | 495,673 | |||||||
Health Care Providers & Services 0.50% | ||||||||
Guardant Health, Inc.* | 277,978 | 43,226 | ||||||
Hotels, Restaurants & Leisure 1.78% | ||||||||
Airbnb, Inc. Class A* | 5,485 | 1,007 | ||||||
DraftKings, Inc. Class A* | 1,841,610 | 99,650 | ||||||
Vail Resorts, Inc. | 203,184 | 54,039 | ||||||
Total | 154,696 |
20 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – GROWTH LEADERS FUND January 31, 2021
Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Information Technology Services 5.61% | ||||||||
Affirm Holdings, Inc.* | 56,907 | $ | 5,667 | |||||
EPAM Systems, Inc.* | 149,327 | 51,433 | ||||||
Mastercard, Inc. Class A | 272,777 | 86,277 | ||||||
PayPal Holdings, Inc.* | 577,319 | 135,272 | ||||||
Shopify, Inc. Class A (Canada)*(a) | 66,776 | 73,359 | ||||||
Square, Inc. Class A* | 619,742 | 133,839 | ||||||
Total | 485,847 | |||||||
Interactive Media & Services 8.01% | ||||||||
Alphabet, Inc. Class A* | 164,164 | 299,987 | ||||||
Match Group, Inc.* | 856,912 | 119,848 | ||||||
Pinterest, Inc. Class A* | 2,175,472 | 149,041 | ||||||
Snap, Inc. Class A* | 2,362,832 | 125,088 | ||||||
Total | 693,964 | |||||||
Internet & Direct Marketing Retail 9.38% | ||||||||
Amazon.com, Inc.* | 147,979 | 474,450 | ||||||
Chewy, Inc. Class A* | 816,522 | 83,138 | ||||||
MercadoLibre, Inc. (Argentina)*(a) | 77,905 | 138,633 | ||||||
Stitch Fix, Inc. Class A* | 1,219,587 | 116,398 | ||||||
Total | 812,619 | |||||||
Leisure Products 0.70% | ||||||||
Peloton Interactive, Inc. Class A* | 416,981 | 60,933 | ||||||
Life Sciences Tools & Services 1.20% | ||||||||
10X Genomics, Inc. Class A* | 609,901 | 104,385 | ||||||
Pharmaceuticals 0.64% | ||||||||
Zoetis, Inc. | 357,351 | 55,121 | ||||||
Professional Services 0.62% | ||||||||
CoStar Group, Inc.* | 59,917 | 53,908 | ||||||
Road & Rail 2.04% | ||||||||
Uber Technologies, Inc.* | 3,464,408 | 176,442 |
Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Semiconductors & Semiconductor Equipment 11.26% | ||||||||
Advanced Micro Devices, Inc.* | 1,460,680 | $ | 125,093 | |||||
Applied Materials, Inc. | 1,221,053 | 118,051 | ||||||
Enphase Energy, Inc.* | 644,883 | 117,594 | ||||||
First Solar, Inc.* | 854,815 | 84,755 | ||||||
Inphi Corp.* | 501,220 | 84,511 | ||||||
Monolithic Power Systems, Inc. | 239,958 | 85,255 | ||||||
NVIDIA Corp. | 375,673 | 195,196 | ||||||
QUALCOMM, Inc. | 1,055,881 | 165,013 | ||||||
Total | 975,468 | |||||||
Software 13.82% | ||||||||
Avalara, Inc.* | 339,897 | 50,985 | ||||||
C3.ai, Inc. Class A*(b) | 17,412 | 2,431 | ||||||
Coupa Software, Inc.* | 225,370 | 69,835 | ||||||
Crowdstrike Holdings, Inc. Class A* | 685,657 | 147,965 | ||||||
DocuSign, Inc.* | 330,429 | 76,954 | ||||||
Five9, Inc.* | 680,908 | 113,201 | ||||||
Microsoft Corp. | 2,022,234 | 469,077 | ||||||
Paycom Software, Inc.* | 207,114 | 78,649 | ||||||
Qualtrics International, Inc. Class A* | 651,848 | 28,681 | ||||||
RingCentral, Inc. Class A* | 199,567 | 74,423 | ||||||
Trade Desk, Inc. (The) Class A* | 110,998 | 85,023 | ||||||
Total | 1,197,224 | |||||||
Specialty Retail 0.52% | ||||||||
Carvana Co.* | 171,221 | 44,721 | ||||||
Technology Hardware, Storage & Peripherals 5.95% | ||||||||
Apple, Inc. | 3,906,931 | 515,559 | ||||||
Textiles, Apparel & Luxury Goods 1.95% | ||||||||
Lululemon Athletica, Inc. (Canada)*(a) | 175,971 | 57,838 | ||||||
NIKE, Inc. Class B | 833,852 | 111,394 | ||||||
Total | 169,232 | |||||||
Total Common Stocks (cost $5,752,339,032) | 8,525,033 |
See Notes to Schedule of Investments. | 21 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – GROWTH LEADERS FUND January 31, 2021
Principal | Fair | |||||||
Amount | Value | |||||||
Investments | (000) | (000) | ||||||
SHORT-TERM INVESTMENTS 0.62% | ||||||||
Repurchase Agreement 0.60% | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $53,438,100 of U.S. Treasury Note at 0.125% due 7/15/2023; value: $53,407,284; proceeds: $52,360,051 (cost $52,360,051) | $ | 52,360 | $ | 52,360 | ||||
Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Money Market Fund 0.02% | ||||||||
Fidelity Government Portfolio(c) (cost $1,595,058) | 1,595,058 | $ | 1,595 | |||||
Time Deposit 0.00% | ||||||||
CitiBank N.A.(c) (cost $177,229) | 177,229 | 177 | ||||||
Total Short-Term Investments (cost $54,132,338) | 54,132 | |||||||
Total Investments in Securities 99.00% (cost $5,806,471,370) | 8,579,165 | |||||||
Other Assets in Excess of Liabilities 1.00% | 86,518 | |||||||
Net Assets 100.00% | $ | 8,665,683 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. | |
(b) | All or a portion of this security is 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 January 31, 2021 in valuing the Fund's investments carried at fair value(1):
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investment Type(2) | (000) | (000) | (000) | (000) | ||||||||||||
Common Stocks | $ | 8,525,033 | $ | – | $ | – | $ | 8,525,033 | ||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | – | 52,360 | – | 52,360 | ||||||||||||
Money Market Fund | 1,595 | – | – | 1,595 | ||||||||||||
Time Deposit | – | 177 | – | 177 | ||||||||||||
Total | $ | 8,526,628 | $ | 52,537 | $ | – | $ | 8,579,165 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
22 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – HEALTH CARE FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
COMMON STOCKS 96.19% | ||||||||
Belgium 0.80% | ||||||||
Pharmaceuticals | ||||||||
UCB SA | 538 | $ | 56 | |||||
Canada 0.76% | ||||||||
Biotechnology | ||||||||
Trillium Therapeutics, Inc.* | 4,041 | 53 | ||||||
China 2.33% | ||||||||
Biotechnology 1.47% | ||||||||
I-Mab ADR* | 847 | 46 | ||||||
Zai Lab Ltd. ADR* | 348 | 56 | ||||||
102 | ||||||||
Life Sciences Tools & Services 0.86% | ||||||||
Wuxi Biologics Cayman, Inc.*† | 4,324 | 60 | ||||||
Total China | 162 | |||||||
Denmark 2.80% | ||||||||
Biotechnology 1.33% | ||||||||
Genmab A/S* | 233 | 93 | ||||||
Pharmaceuticals 1.47% | ||||||||
Novo Nordisk A/S Class B | 1,468 | 102 | ||||||
Total Denmark | 195 | |||||||
France 1.52% | ||||||||
Life Sciences Tools & Services 0.99% | ||||||||
Sartorius Stedim Biotech | 165 | 69 | ||||||
Pharmaceuticals 0.53% | ||||||||
Sanofi | 389 | 37 | ||||||
Total France | 106 | |||||||
Germany 0.26% | ||||||||
Biotechnology | ||||||||
MorphoSys AG ADR* | 585 | 18 | ||||||
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Japan 0.50% | ||||||||
Health Care Technology | ||||||||
M3, Inc. | 409 | $ | 35 | |||||
Netherlands 0.53% | ||||||||
Biotechnology | ||||||||
Argenx SE* | 126 | 37 | ||||||
Switzerland 4.44% | ||||||||
Biotechnology 0.82% | ||||||||
CRISPR Therapeutics AG* | 343 | 57 | ||||||
Health Care Equipment & Supplies 0.90% | ||||||||
Alcon, Inc.* | 880 | 63 | ||||||
Life Sciences Tools & Services 1.87% | ||||||||
Lonza Group AG | 164 | 105 | ||||||
Tecan Group AG | 53 | 25 | ||||||
130 | ||||||||
Pharmaceuticals 0.85% | ||||||||
Roche Holding AG | 171 | 59 | ||||||
Total Switzerland | 309 | |||||||
United Kingdom 2.30% | ||||||||
Pharmaceuticals | ||||||||
AstraZeneca plc | 1,196 | 122 | ||||||
GW Pharmaceuticals plc ADR* | 248 | 38 | ||||||
Total United Kingdom | 160 | |||||||
United States 79.95% | ||||||||
Biotechnology 23.34% | ||||||||
Acceleron Pharma, Inc.* | 462 | 53 | ||||||
Amgen, Inc. | 245 | 59 | ||||||
Arena Pharmaceuticals, Inc.* | 972 | 72 | ||||||
Blueprint Medicines Corp.* | 421 | 41 | ||||||
Bridgebio Pharma, Inc.* | 1,099 | 62 | ||||||
ChemoCentryx, Inc.* | 578 | 33 |
See Notes to Schedule of Investments. | 23 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – HEALTH CARE FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
United States (continued) | ||||||||
Constellation Pharmaceuticals, Inc.* | 2,346 | $ | 77 | |||||
Insmed, Inc.* | 2,724 | 102 | ||||||
Iovance Biotherapeutics, Inc.* | 1,406 | 62 | ||||||
Karuna Therapeutics, Inc.* | 372 | 37 | ||||||
Krystal Biotech, Inc.* | 892 | 62 | ||||||
Mirati Therapeutics, Inc.* | 421 | 87 | ||||||
Natera, Inc.* | 1,071 | 114 | ||||||
Neurocrine Biosciences, Inc.* | 494 | 54 | ||||||
Rigel Pharmaceuticals, Inc.* | 14,279 | 52 | ||||||
Rocket Pharmaceuticals, Inc.* | 1,153 | 64 | ||||||
Seagen, Inc.* | 402 | 66 | ||||||
SpringWorks Therapeutics, Inc.* | 642 | 54 | ||||||
Stoke Therapeutics, Inc.* | 513 | 31 | ||||||
TG Therapeutics, Inc.* | 2,141 | 103 | ||||||
Turning Point Therapeutics, Inc.* | 596 | 75 | ||||||
Twist Bioscience Corp.* | 436 | 72 | ||||||
Ultragenyx Pharmaceutical, Inc.* | 386 | 54 | ||||||
Vertex Pharmaceuticals, Inc.* | 608 | 139 | ||||||
1,625 | ||||||||
Electronic Equipment, Instruments & Components 0.78% | ||||||||
908 Devices, Inc.* | 989 | 54 | ||||||
Health Care Equipment & Supplies 23.66% | ||||||||
Abbott Laboratories | 2,161 | 267 | ||||||
Align Technology, Inc.* | 178 | 93 | ||||||
Axonics Modulation Technologies, Inc.* | 1,001 | 52 | ||||||
Boston Scientific Corp.* | 1,708 | 60 | ||||||
Cooper Cos., Inc. (The) | 184 | 67 | ||||||
Danaher Corp. | 907 | 216 | ||||||
DexCom, Inc.* | 195 | 73 | ||||||
Edwards Lifesciences Corp.* | 1,135 | 94 | ||||||
IDEXX Laboratories, Inc.* | 219 | 105 | ||||||
Inari Medical, Inc.* | 620 | 59 | ||||||
Insulet Corp.* | 453 | 121 | ||||||
Intuitive Surgical, Inc.* | 153 | 114 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
United States (continued) | ||||||||
Nevro Corp.* | 350 | $ | 57 | |||||
Outset Medical, Inc.* | 749 | 39 | ||||||
Pulmonx Corp.* | 845 | 48 | ||||||
Silk Road Medical, Inc.* | 451 | 24 | ||||||
West Pharmaceutical Services, Inc. | 193 | 58 | ||||||
Zimmer Biomet Holdings, Inc. | 649 | 100 | ||||||
1,647 | ||||||||
Health Care Providers & Services 6.31% | ||||||||
CVS Health Corp. | 665 | 48 | ||||||
Guardant Health, Inc.* | 511 | 79 | ||||||
HCA Healthcare, Inc. | 485 | 79 | ||||||
UnitedHealth Group, Inc. | 699 | 233 | ||||||
439 | ||||||||
Health Care Technology 3.85% | ||||||||
Inspire Medical Systems, Inc.* | 252 | 51 | ||||||
Schrodinger, Inc.* | 774 | 70 | ||||||
Teladoc Health, Inc.* | 316 | 83 | ||||||
Veeva Systems, Inc. Class A* | 230 | 64 | ||||||
268 | ||||||||
Internet & Direct Marketing Retail 0.91% | ||||||||
Chewy, Inc. Class A* | 619 | 63 | ||||||
Life Sciences Tools & Services 11.95% | ||||||||
10X Genomics, Inc. Class A* | 469 | 80 | ||||||
Adaptive Biotechnologies Corp.* 757 | 42 | |||||||
Berkeley Lights, Inc.* | 709 | 51 | ||||||
Bio-Rad Laboratories, Inc. Class A* | 135 | 78 | ||||||
Charles River Laboratories International, Inc.* | 185 | 48 | ||||||
Codexis, Inc.* | 1,629 | 38 | ||||||
Maravai LifeSciences Holdings, Inc. Class A* | 1,840 | 64 | ||||||
Pacific Biosciences of California, Inc.* | 2,110 | 68 |
24 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – HEALTH CARE FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
United States (continued) | ||||||||
Quanterix Corp.* | 1,086 | $ | 70 | |||||
Repligen Corp.* | 367 | 74 | ||||||
Seer, Inc.*(a) | 535 | 33 | ||||||
Thermo Fisher Scientific, Inc. | 364 | 186 | ||||||
832 | ||||||||
Pharmaceuticals 9.15% | ||||||||
Catalent, Inc.* | 469 | 54 | ||||||
Eli Lilly and Co. | 1,245 | 259 | ||||||
Horizon Therapeutics Plc* | 998 | 72 | ||||||
Intra-Cellular Therapies, Inc.* | 862 | 28 | ||||||
Merck & Co., Inc. | 1,581 | 122 | ||||||
Zoetis, Inc. | 663 | 102 | ||||||
637 | ||||||||
Total United States | 5,565 | |||||||
Total Common Stocks (cost $5,578,712) | 6,696 | |||||||
Principal | ||||||||
Amount | ||||||||
(000) | ||||||||
SHORT-TERM INVESTMENTS 8.42% | ||||||||
Repurchase Agreement 7.94% | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $562,600 of U.S. Treasury Note at 0.25% due 6/15/2023; value: $564,092; proceeds: $552,997 (cost $552,997) | $ | 553 | 553 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Money Market Fund 0.43% | ||||||||
Fidelity Government Portfolio(b) (cost $30,262) | 30,262 | $ | 30 | |||||
Time Deposit 0.05% | ||||||||
CitiBank N.A.(b) (cost $3,363) | 3,363 | 3 | ||||||
Total Short- Term Investments (cost $586,622) | 586 | |||||||
Total Investments in Securities 104.61% (cost $6,165,334) | 7,282 | |||||||
Liabilities in Excess of Other Assets (4.61)% | (321 | ) | ||||||
Net Assets 100.00% | $ | 6,961 |
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 January 31, 2021, the total value of Rule 144A securities was $60, which represents 0.86% of net assets. | |
(a) | All or a portion of this security is temporarily on loan to unaffiliated broker/dealers. | |
(b) | Security was purchased with the cash collateral from loaned securities. |
See Notes to Schedule of Investments. | 25 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – HEALTH CARE FUND January 31, 2021
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 53 | $ | – | $ | – | $ | 53 | ||||||||
China | 102 | 60 | – | 162 | ||||||||||||
France | 69 | 37 | – | 106 | ||||||||||||
Germany | 18 | – | – | 18 | ||||||||||||
Switzerland | 120 | 189 | – | 309 | ||||||||||||
United Kingdom | 38 | 122 | – | 160 | ||||||||||||
United States | 5,565 | – | – | 5,565 | ||||||||||||
Remaining Countries | – | 323 | – | 323 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | – | 553 | – | 553 | ||||||||||||
Money Market Fund | 30 | – | – | 30 | ||||||||||||
Time Deposit | – | 3 | – | 3 | ||||||||||||
Total | $ | 5,995 | $ | 1,287 | $ | – | $ | 7,282 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund's net assets.
26 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL EQUITY FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
COMMON STOCKS 100.01% | ||||||||
Australia 3.07% | ||||||||
Capital Markets 0.96% | ||||||||
Macquarie Group Ltd. | 39,487 | $ | 3,938 | |||||
Equity Real Estate Investment Trusts 0.65% | ||||||||
Goodman Group | 198,093 | 2,666 | ||||||
Metals & Mining 1.46% | ||||||||
BHP Group Ltd. | 178,800 | 5,963 | ||||||
Total Australia | 12,567 | |||||||
Austria 0.60% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
OMV AG | 59,035 | 2,477 | ||||||
Belgium 1.88% | ||||||||
Banks 1.08% | ||||||||
KBC Group NV* | 63,469 | 4,426 | ||||||
Beverages 0.80% | ||||||||
Anheuser-Busch InBev SA | 52,352 | 3,286 | ||||||
Total Belgium | 7,712 | |||||||
Brazil 0.59% | ||||||||
Metals & Mining | ||||||||
Vale SA ADR | 150,759 | 2,435 | ||||||
Canada 2.77% | ||||||||
Aerospace & Defense 0.92% | ||||||||
CAE, Inc. | 166,200 | 3,755 | ||||||
Insurance 0.58% | ||||||||
Intact Financial Corp. | 3,000 | 326 | ||||||
Intact Financial Corp. | 18,800 | 2,073 | ||||||
2,399 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Canada (continued) | ||||||||
Oil, Gas & Consumable Fuels 1.27% | ||||||||
Pembina Pipeline Corp. | 109,367 | $ | 2,879 | |||||
Suncor Energy, Inc. | 139,000 | 2,325 | ||||||
5,204 | ||||||||
Total Canada | 11,358 | |||||||
Chile 0.50% | ||||||||
Metals & Mining | ||||||||
Lundin Mining Corp. | 229,400 | 2,045 | ||||||
China 10.83% | ||||||||
Construction Materials 0.52% | ||||||||
China Resources Cement Holdings Ltd. | 1,922,000 | 2,119 | ||||||
Information Technology Services 0.86% | ||||||||
GDS Holdings Ltd. ADR* | 33,919 | 3,513 | ||||||
Insurance 0.98% | ||||||||
Ping An Insurance Group Co. of China Ltd. Class H | 342,000 | 4,028 | ||||||
Interactive Media & Services 2.91% | ||||||||
Tencent Holdings Ltd. | 133,700 | 11,913 | ||||||
Internet & Direct Marketing Retail 2.52% | ||||||||
Alibaba Group Holding Ltd. ADR* | 31,939 | 8,107 | ||||||
Pinduoduo, Inc. ADR* | 13,353 | 2,213 | ||||||
10,320 | ||||||||
Life Sciences Tools & Services 0.88% | ||||||||
Wuxi Biologics Cayman, Inc.*† | 256,000 | 3,584 | ||||||
Machinery 0.83% | ||||||||
Airtac International Group | 96,000 | 3,415 |
See Notes to Schedule of Investments. | 27 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL EQUITY FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
China (continued) | ||||||||
Real Estate Management & Development 0.60% | ||||||||
Logan Group Co., Ltd. | 1,656,000 | $ | 2,472 | |||||
Textiles, Apparel & Luxury Goods 0.73% | ||||||||
ANTA Sports Products Ltd. | 182,000 | 2,997 | ||||||
Total China | 44,361 | |||||||
Denmark 5.09% | ||||||||
Air Freight & Logistics 0.81% | ||||||||
DSV PANALPINA A/S | 21,124 | 3,296 | ||||||
Beverages 0.95% | ||||||||
Carlsberg A/S Class B | 26,582 | 3,884 | ||||||
Biotechnology 1.15% | ||||||||
Genmab A/S* | 11,870 | 4,726 | ||||||
Electrical Equipment 0.96% | ||||||||
Vestas Wind Systems A/S | 18,230 | 3,914 | ||||||
Pharmaceuticals 1.22% | ||||||||
Novo Nordisk A/S Class B | 71,916 | 5,010 | ||||||
Total Denmark | 20,830 | |||||||
Finland 0.87% | ||||||||
Banks | ||||||||
Nordea Bank Abp* | 441,856 | 3,581 | ||||||
France 10.74% | ||||||||
Aerospace & Defense 1.49% | ||||||||
Airbus SE* | 28,642 | 2,880 | ||||||
Safran SA* | 25,758 | 3,238 | ||||||
6,118 | ||||||||
Auto Components 0.91% | ||||||||
Cie Generale des Etablissements Michelin SCA | 26,861 | 3,702 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
France (continued) | ||||||||
Banks 0.46% | ||||||||
Credit Agricole SA* | 166,664 | $ | 1,886 | |||||
Chemicals 1.09% | ||||||||
Air Liquide SA | 27,343 | 4,472 | ||||||
Electrical Equipment 1.17% | ||||||||
Schneider Electric SE | 32,694 | 4,785 | ||||||
Life Sciences Tools & Services 1.01% | ||||||||
Sartorius Stedim Biotech | 9,865 | 4,130 | ||||||
Multi-Utilities 0.85% | ||||||||
Engie SA* | 224,007 | 3,477 | ||||||
Oil, Gas & Consumable Fuels 1.04% | ||||||||
Total SE | 100,819 | 4,249 | ||||||
Personal Products 1.21% | ||||||||
L'Oreal SA | 14,096 | 4,959 | ||||||
Textiles, Apparel & Luxury Goods 1.51% | ||||||||
LVMH Moet Hennessy Louis Vuitton SE | 10,248 | 6,196 | ||||||
Total France | 43,974 | |||||||
Germany 7.06% | ||||||||
Air Freight & Logistics 1.11% | ||||||||
Deutsche Post AG Registered Shares | 92,345 | 4,561 | ||||||
Auto Components 0.66% | ||||||||
Continental AG | 19,199 | 2,687 | ||||||
Automobiles 0.93% | ||||||||
Volkswagen AG | 18,039 | 3,807 | ||||||
Chemicals 0.73% | ||||||||
Symrise AG | 24,141 | 3,004 |
28 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL EQUITY FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Germany (continued) | ||||||||
Insurance 1.02% | ||||||||
Allianz SE Registered Shares | 18,422 | $ | 4,164 | |||||
Media 0.55% | ||||||||
Stroeer SE & Co. KGaA | 24,887 | 2,242 | ||||||
Semiconductors & Semiconductor Equipment 1.09% | ||||||||
Infineon Technologies AG | 111,554 | 4,469 | ||||||
Textiles, Apparel & Luxury Goods 0.97% | ||||||||
adidas AG* | 12,573 | 3,987 | ||||||
Total Germany | 28,921 | |||||||
Hong Kong 3.84% | ||||||||
Capital Markets 1.26% | ||||||||
Hong Kong Exchanges & Clearing Ltd. | 80,800 | 5,166 | ||||||
Insurance 1.59% | ||||||||
AIA Group Ltd. | 540,500 | 6,516 | ||||||
Machinery 0.99% | ||||||||
Techtronic Industries Co. Ltd. | 271,500 | 4,056 | ||||||
Total Hong Kong | 15,738 | |||||||
India 1.72% | ||||||||
Banks | ||||||||
HDFC Bank Ltd. ADR* | 44,750 | 3,227 | ||||||
ICICI Bank Ltd. ADR* | 252,680 | 3,815 | ||||||
Total India | 7,042 | |||||||
Indonesia 0.90% | ||||||||
Banks | ||||||||
Bank Rakyat Indonesia Persero Tbk PT | 12,458,000 | 3,693 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Ireland 1.37% | ||||||||
Construction Materials 0.87% | ||||||||
CRH plc | 86,117 | $ | 3,554 | |||||
Hotels, Restaurants & Leisure 0.50% | ||||||||
Flutter Entertainment plc* | 11,097 | 2,064 | ||||||
Total Ireland | 5,618 | |||||||
Italy 0.79% | ||||||||
Textiles, Apparel & Luxury Goods | ||||||||
Moncler SpA* | 57,627 | 3,247 | ||||||
Japan 15.36% | ||||||||
Auto Components 1.10% | ||||||||
Denso Corp. | 81,000 | 4,502 | ||||||
Automobiles 1.50% | ||||||||
Toyota Motor Corp. | 87,800 | 6,158 | ||||||
Banks 0.64% | ||||||||
Sumitomo Mitsui Financial Group, Inc. | 83,800 | 2,603 | ||||||
Beverages 0.63% | ||||||||
Asahi Group Holdings Ltd. | 63,900 | 2,580 | ||||||
Building Products 1.05% | ||||||||
Daikin Industries Ltd. | 20,400 | 4,307 | ||||||
Diversified Financial Services 0.68% | ||||||||
ORIX Corp. | 173,500 | 2,784 | ||||||
Electrical Equipment 1.13% | ||||||||
Nidec Corp. | 34,900 | 4,644 | ||||||
Electronic Equipment, Instruments & Components 3.73% | ||||||||
Keyence Corp. | 10,947 | 5,877 | ||||||
Murata Manufacturing Co., Ltd. | 57,900 | 5,561 | ||||||
TDK Corp. | 23,800 | 3,849 | ||||||
15,287 |
See Notes to Schedule of Investments. | 29 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL EQUITY FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Japan (continued) | ||||||||
Health Care Equipment & Supplies 1.11% | ||||||||
Hoya Corp. | 35,400 | $ | 4,530 | |||||
Household Durables 1.70% | ||||||||
Sony Corp. | 72,700 | 6,958 | ||||||
Specialty Retail 0.97% | ||||||||
Fast Retailing Co. Ltd. | 4,600 | 3,954 | ||||||
Trading Companies & Distributors 1.12% | ||||||||
ITOCHU Corp. | 160,900 | 4,608 | ||||||
Total Japan | 62,915 | |||||||
Mexico 1.03% | ||||||||
Banks 0.54% | ||||||||
Grupo Financiero Banorte SAB de CV* | 447,300 | 2,216 | ||||||
Transportation Infrastructure 0.49% | ||||||||
Grupo Aeroportuario del Pacifico SAB de CV ADR* | 19,936 | 1,990 | ||||||
Total Mexico | 4,206 | |||||||
Netherlands 3.44% | ||||||||
Chemicals 0.85% | ||||||||
Akzo Nobel NV | 34,369 | 3,499 | ||||||
Information Technology Services 0.89% | ||||||||
Adyen NV*† | 1,753 | 3,662 | ||||||
Semiconductors & Semiconductor Equipment 1.70% | ||||||||
ASML Holding NV | 13,007 | 6,944 | ||||||
Total Netherlands | 14,105 | |||||||
Norway 0.97% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
Equinor ASA | 221,553 | 3,970 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Poland 0.53% | ||||||||
Air Freight & Logistics | ||||||||
InPost SA* | 90,000 | $ | 2,163 | |||||
South Africa 1.08% | ||||||||
Metals & Mining | ||||||||
Anglo American plc | 134,108 | 4,411 | ||||||
South Korea 2.62% | ||||||||
Technology Hardware, Storage & Peripherals | ||||||||
Samsung Electronics Co., Ltd. | 146,948 | 10,743 | ||||||
Spain 3.18% | ||||||||
Diversified Telecommunication Services 0.92% | ||||||||
Cellnex Telecom SA† | 64,623 | 3,786 | ||||||
Electric: Utilities 1.32% | ||||||||
Iberdrola SA | 393,885 | 5,333 | ||||||
Iberdrola SA | 5,627 | 76 | ||||||
5,409 | ||||||||
Electrical Equipment 0.94% | ||||||||
Siemens Gamesa Renewable Energy SA | 93,693 | 3,844 | ||||||
Total Spain | 13,039 | |||||||
Sweden 1.69% | ||||||||
Machinery | ||||||||
Atlas Copco AB A Shares | 56,280 | 3,053 | ||||||
Sandvik AB* | 154,659 | 3,852 | ||||||
Total Sweden | 6,905 | |||||||
Switzerland 6.65% | ||||||||
Capital Markets 1.18% | ||||||||
UBS Group AG | 334,544 | 4,822 | ||||||
Food Products 2.01% | ||||||||
Nestle SA Registered Shares | 73,360 | 8,223 |
30 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL EQUITY FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Switzerland (continued) | ||||||||
Insurance 1.08% | ||||||||
Zurich Financial Services AG | 11,118 | $ | 4,446 | |||||
Life Sciences Tools & Services 1.34% | ||||||||
Lonza Group AG | 8,619 | 5,505 | ||||||
Pharmaceuticals 1.04% | ||||||||
Roche Holding AG | 12,323 | 4,253 | ||||||
Total Switzerland | 27,249 | |||||||
Taiwan 4.38% | ||||||||
Entertainment 0.50% | ||||||||
Sea Ltd. ADR* | 9,385 | 2,034 | ||||||
Semiconductors & Semiconductor Equipment 3.88% | ||||||||
MediaTek, Inc. | 144,000 | 4,498 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. | 306,000 | 6,467 | ||||||
Taiwan Semiconductor Manufacturing Co., Ltd. ADR | 40,565 | 4,929 | ||||||
15,894 | ||||||||
Total Taiwan | 17,928 | |||||||
United Kingdom 4.81% | ||||||||
Banks 0.70% | ||||||||
Standard Chartered plc* | 472,412 | 2,858 | ||||||
Capital Markets 0.83% | ||||||||
London Stock Exchange Group plc | 28,722 | 3,410 | ||||||
Equity Real Estate Investment Trusts 0.52% | ||||||||
UNITE Group plc (The)* | 161,468 | 2,118 | ||||||
Insurance 0.88% | ||||||||
Prudential plc | 225,769 | 3,612 | ||||||
Personal Products 0.68% | ||||||||
Unilever plc | 47,632 | 2,775 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
United Kingdom (continued) | ||||||||
Pharmaceuticals 1.20% | ||||||||
AstraZeneca plc | 48,120 | $ | 4,909 | |||||
Total United Kingdom | 19,682 | |||||||
United States 1.65% | ||||||||
Pharmaceuticals 0.64% | ||||||||
Horizon Therapeutics Plc* | 36,023 | 2,611 | ||||||
Trading Companies & Distributors 1.01% | ||||||||
Ferguson plc | 35,561 | 4,129 | ||||||
Total United States | 6,740 | |||||||
Total Common Stocks (cost $311,044,003) | 409,655 | |||||||
Total Investments in Securities 100.01% (cost $311,044,003) | 409,655 | |||||||
Liabilities in Excess of Cash, Foreign Cash and Other Assets (0.01)% | (25 | ) | ||||||
Net Assets 100.00% | $ | 409,630 |
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 January 31, 2021, the total value of Rule 144A securities was $11,032, which represents 2.69% of net assets. |
See Notes to Schedule of Investments. | 31 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL EQUITY FUND January 31, 2021
The following is a summary of the inputs used as of January 31, 2021 in valuing the Fund's investments carried at fair value(1):
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Investment Type(2) | (000) | (000) | (000) | (000) | ||||||||||||
Common Stocks | ||||||||||||||||
Brazil | $ | 2,435 | $ | – | $ | – | $ | 2,435 | ||||||||
Canada | 11,032 | 326 | – | 11,358 | ||||||||||||
Chile | 2,045 | – | – | 2,045 | ||||||||||||
China | 13,833 | 30,528 | – | 44,361 | ||||||||||||
France | 4,130 | 39,844 | – | 43,974 | ||||||||||||
India | 7,042 | – | – | 7,042 | ||||||||||||
Mexico | 4,206 | – | – | 4,206 | ||||||||||||
Poland | 2,163 | – | – | 2,163 | ||||||||||||
Taiwan | 6,963 | 10,965 | – | 17,928 | ||||||||||||
United States | 2,611 | 4,129 | – | 6,740 | ||||||||||||
Remaining Countries | – | 267,403 | – | 267,403 | ||||||||||||
Total | $ | 56,460 | $ | 353,195 | $ | – | $ | 409,655 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund’s net assets.
32 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL OPPORTUNITIES FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
COMMON STOCKS 99.60% | ||||||||
Australia 4.05% | ||||||||
Auto Components 0.86% | ||||||||
GUD Holdings Ltd. | 424,273 | $ | 3,848 | |||||
Diversified Financial Services 0.41% | ||||||||
Omni Bridgeway Ltd. | 613,421 | 1,841 | ||||||
Electric: Utilities 1.09% | ||||||||
AusNet Services | 3,732,260 | 4,913 | ||||||
Food Products 1.04% | ||||||||
Costa Group Holdings Ltd. | 1,563,931 | 4,661 | ||||||
Professional Services 0.65% | ||||||||
IPH Ltd. | 609,489 | 2,937 | ||||||
Total Australia | 18,200 | |||||||
Austria 3.24% | ||||||||
Banks 1.00% | ||||||||
BAWAG Group AG*† | 102,833 | 4,471 | ||||||
Electronic Equipment, Instruments & Components 1.01% | ||||||||
AT&S Austria Technologie & Systemtechnik AG | 142,848 | 4,544 | ||||||
Machinery 1.23% | ||||||||
ANDRITZ AG | 116,337 | 5,526 | ||||||
Total Austria | 14,541 | |||||||
Belgium 1.06% | ||||||||
Equity Real Estate Investment Trusts 0.56% | ||||||||
Warehouses De Pauw CVA | 69,751 | 2,505 | ||||||
Wireless Telecommunication Services 0.50% | ||||||||
Orange Belgium SA | 84,160 | 2,270 | ||||||
Total Belgium | 4,775 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Canada 1.97% | ||||||||
Aerospace & Defense 0.98% | ||||||||
CAE, Inc. | 195,700 | $ | 4,421 | |||||
Paper & Forest Products 0.99% | ||||||||
Interfor Corp.* | 238,600 | 4,447 | ||||||
Total Canada | 8,868 | |||||||
Chile 0.92% | ||||||||
Metals & Mining | ||||||||
Lundin Mining Corp. | 465,000 | 4,145 | ||||||
China 2.13% | ||||||||
Biotechnology 0.83% | ||||||||
I-Mab ADR* | 68,511 | 3,726 | ||||||
Marine 1.30% | ||||||||
SITC International Holdings Co. Ltd. | 2,552,000 | 5,850 | ||||||
Total China | 9,576 | |||||||
Denmark 0.48% | ||||||||
Machinery | ||||||||
FLSmidth & Co. A/S* | 61,490 | 2,149 | ||||||
France 1.82% | ||||||||
Construction Materials 0.72% | ||||||||
Vicat SA | 75,301 | 3,240 | ||||||
Health Care Providers & Services 1.10% | ||||||||
Korian SA* | 133,516 | 4,933 | ||||||
Total France | 8,173 | |||||||
Germany 7.35% | ||||||||
Biotechnology 1.06% | ||||||||
MorphoSys AG* | 39,921 | 4,767 |
See Notes to Schedule of Investments. | 33 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL OPPORTUNITIES FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Germany (continued) | ||||||||
Industrial Conglomerates 2.07% | ||||||||
Rheinmetall AG | 87,805 | $ | 9,271 | |||||
Life Sciences Tools & Services 0.68% | ||||||||
Gerresheimer AG | 28,766 | 3,063 | ||||||
Media 0.87% | ||||||||
Stroeer SE & Co. KGaA | 43,278 | 3,900 | ||||||
Real Estate Management & Development 1.29% | ||||||||
PATRIZIA AG | 189,606 | 5,776 | ||||||
Semiconductors & Semiconductor Equipment 1.38% | ||||||||
Aixtron SE* | 332,073 | 6,207 | ||||||
Total Germany | 32,984 | |||||||
Hong Kong 5.55% | ||||||||
Building Products 1.24% | ||||||||
Xinyi Glass Holdings Ltd. | 2,300,000 | 5,564 | ||||||
Consumer Finance 0.09% | ||||||||
Sun Hung Kai & Co., Ltd. | 1,000,000 | 409 | ||||||
Hotels, Restaurants & Leisure 1.02% | ||||||||
Melco International Development Ltd. | 2,635,000 | 4,598 | ||||||
Household Durables 0.52% | ||||||||
JS Global Lifestyle Co. Ltd.† | 1,039,500 | 2,338 | ||||||
Pharmaceuticals 0.46% | ||||||||
SSY Group Ltd. | 3,882,000 | 2,042 | ||||||
Real Estate Management & Development 0.46% | ||||||||
Kerry Properties Ltd. | 798,000 | 2,065 | ||||||
Semiconductors & Semiconductor Equipment 1.05% | ||||||||
ASM Pacific Technology Ltd. | 323,000 | 4,690 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Hong Kong (continued) | ||||||||
Textiles, Apparel & Luxury Goods 0.71% | ||||||||
Stella International Holdings Ltd. | 2,701,432 | $ | 3,195 | |||||
Total Hong Kong | 24,901 | |||||||
India 3.12% | ||||||||
Banks 1.41% | ||||||||
Federal Bank Ltd.* | 6,412,504 | 6,342 | ||||||
Capital Markets 0.53% | ||||||||
UTI Asset Management Co. Ltd. | 310,838 | 2,364 | ||||||
Information Technology Services 1.18% | ||||||||
Computer Age Management Services Ltd. | 218,863 | 5,319 | ||||||
Total India | 14,025 | |||||||
Ireland 1.90% | ||||||||
Health Care Providers & Services 1.35% | ||||||||
UDG Healthcare plc | 545,876 | 6,087 | ||||||
Information Technology Services 0.55% | ||||||||
Keywords Studios plc* | 65,870 | 2,459 | ||||||
Total Ireland | 8,546 | |||||||
Israel 1.48% | ||||||||
Machinery | ||||||||
Marel HF† | 1,012,550 | 6,636 | ||||||
Italy 5.64% | ||||||||
Auto Components 1.23% | ||||||||
Freni Brembo SpA* | 405,707 | 5,515 | ||||||
Construction Materials 0.99% | ||||||||
Buzzi Unicem SpA | 181,178 | 4,458 |
34 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL OPPORTUNITIES FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Italy (continued) | ||||||||
Diversified Financial Services 1.73% | ||||||||
Banca Mediolanum SpA* | 552,210 | $ | 4,376 | |||||
doValue SpA*† | 281,190 | 3,392 | ||||||
7,768 | ||||||||
Textiles, Apparel & Luxury Goods 1.69% | ||||||||
Brunello Cucinelli SpA* | 57,404 | 2,298 | ||||||
Salvatore Ferragamo SpA* | 272,506 | 5,300 | ||||||
7,598 | ||||||||
Total Italy | 25,339 | |||||||
Japan 20.30% | ||||||||
Auto Components 1.20% | ||||||||
FCC Co., Ltd. | 337,100 | 5,409 | ||||||
Building Products 1.62% | ||||||||
Sanwa Holdings Corp. | 636,300 | 7,254 | ||||||
Chemicals 1.13% | ||||||||
Kansai Paint Co., Ltd. | 172,200 | 5,069 | ||||||
Construction & Engineering 1.39% | ||||||||
SHO-BOND Holdings Co. Ltd. | 143,900 | 6,261 | ||||||
Distributors 1.04% | ||||||||
PALTAC Corp. | 89,400 | 4,646 | ||||||
Electronic Equipment, Instruments & Components 2.08% | ||||||||
Azbil Corp. | 87,300 | 4,446 | ||||||
Taiyo Yuden Co., Ltd. | 83,400 | 4,893 | ||||||
9,339 | ||||||||
Entertainment 0.49% | ||||||||
Capcom Co., Ltd. | 35,400 | 2,221 | ||||||
Equity Real Estate Investment Trusts 1.11% | ||||||||
GLP J-REIT | 1,280 | 2,062 | ||||||
Nippon Prologis REIT, Inc. | 890 | 2,901 | ||||||
4,963 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Japan (continued) | ||||||||
Food Products 0.43% | ||||||||
Nichirei Corp. | 67,000 | $ | 1,941 | |||||
Information Technology Services 1.35% | ||||||||
TIS, Inc. | 273,500 | 6,082 | ||||||
Machinery 3.64% | ||||||||
CKD Corp. | 229,300 | 5,210 | ||||||
DMG Mori Co., Ltd. | 340,400 | 5,345 | ||||||
OSG Corp. | 320,700 | 5,776 | ||||||
16,331 | ||||||||
Professional Services 1.38% | ||||||||
TechnoPro Holdings, Inc. | 81,400 | 6,198 | ||||||
Software 0.88% | ||||||||
Money Forward, Inc.* | 68,600 | 2,810 | ||||||
Plaid, Inc.* | 35,071 | 1,152 | ||||||
3,962 | ||||||||
Specialty Retail 0.81% | ||||||||
Bic Camera, Inc. | 336,400 | 3,638 | ||||||
Thrifts & Mortgage Finance 0.63% | ||||||||
Aruhi Corp. | 171,400 | 2,824 | ||||||
Wireless Telecommunication Services 1.12% | ||||||||
Okinawa Cellular Telephone Co. | 112,600 | 5,028 | ||||||
Total Japan | 91,166 | |||||||
Mexico 1.13% | ||||||||
Banks | ||||||||
Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | 1,021,241 | 5,086 | ||||||
Netherlands 0.29% | ||||||||
Biotechnology | ||||||||
uniQure NV* | 36,208 | 1,282 |
See Notes to Schedule of Investments. | 35 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL OPPORTUNITIES FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Norway 2.66% | ||||||||
Independent Power and Renewable Electricity Producer 1.09% | ||||||||
Scatec ASA† | 129,202 | $ | 4,889 | |||||
Software 1.57% | ||||||||
LINK Mobility Group Holding ASA* | 517,595 | 3,005 | ||||||
Pexip Holding ASA*(a) | 422,614 | 4,043 | ||||||
7,048 | ||||||||
Total Norway | 11,937 | |||||||
Portugal 1.42% | ||||||||
Multi-Utilities | ||||||||
REN - Redes Energeticas Nacionais SGPS SA | 2,241,381 | 6,378 | ||||||
South Korea 2.91% | ||||||||
Food & Staples Retailing 0.78% | ||||||||
GS Retail Co., Ltd. | 112,501 | 3,489 | ||||||
Semiconductors & Semiconductor Equipment 1.05% | ||||||||
WONIK IPS Co., Ltd.* | 111,404 | 4,744 | ||||||
Software 1.08% | ||||||||
Douzone Bizon Co. Ltd. | 54,522 | 4,857 | ||||||
Total South Korea | 13,090 | |||||||
Spain 2.87% | ||||||||
Containers & Packaging 1.22% | ||||||||
Vidrala SA | 49,969 | 5,494 | ||||||
Independent Power and Renewable Electricity Producer 0.58% | ||||||||
Solaria Energia y Medio Ambiente SA* | 101,312 | 2,607 | ||||||
Professional Services 1.07% | ||||||||
Applus Services SA* | 477,660 | 4,777 | ||||||
Total Spain | 12,878 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Sweden 2.27% | ||||||||
Auto Components 0.53% | ||||||||
Dometic Group AB*† | 171,935 | $ | 2,373 | |||||
Commercial Services & Supplies 1.22% | ||||||||
Loomis AB | 212,471 | 5,451 | ||||||
Food & Staples Retailing 0.52% | ||||||||
Axfood AB | 97,859 | 2,352 | ||||||
Total Sweden | 10,176 | |||||||
Switzerland 4.88% | ||||||||
Airlines 0.47% | ||||||||
Wizz Air Holdings plc*† | 35,545 | 2,121 | ||||||
Containers & Packaging 1.33% | ||||||||
SIG Combibloc Group AG* | 250,701 | 5,950 | ||||||
Insurance 0.89% | ||||||||
Swiss Life Holding AG | 8,790 | 4,008 | ||||||
Life Sciences Tools & Services 1.04% | ||||||||
Tecan Group AG | 9,591 | 4,641 | ||||||
Machinery 1.15% | ||||||||
Sulzer AG | 48,065 | 5,178 | ||||||
Total Switzerland | 21,898 | |||||||
Taiwan 1.33% | ||||||||
Semiconductors & Semiconductor Equipment | ||||||||
Realtek Semiconductor Corp. | 210,000 | 3,378 | ||||||
Visual Photonics Epitaxy Co., Ltd. | 688,000 | 2,573 | ||||||
Total Taiwan | 5,951 | |||||||
United Arab Emirates 0.31% | ||||||||
Information Technology Services | ||||||||
Network International Holdings plc*† | 300,206 | 1,399 |
36 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL OPPORTUNITIES FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
United Kingdom 17.21% | ||||||||
Aerospace & Defense 0.74% | ||||||||
Senior plc* | 2,558,219 | $ | 3,342 | |||||
Beverages 1.08% | ||||||||
Britvic plc | 478,822 | 4,873 | ||||||
Capital Markets 1.21% | ||||||||
Man Group plc | 2,714,523 | 5,419 | ||||||
Construction Materials 1.32% | ||||||||
Breedon Group plc* | 5,064,149 | 5,912 | ||||||
Consumer Finance 0.73% | ||||||||
Arrow Global Group plc* | 1,138,339 | 3,259 | ||||||
Equity Real Estate Investment Trusts 1.93% | ||||||||
Big Yellow Group PLC | 224,755 | 3,391 | ||||||
UNITE Group plc (The)* | 403,569 | 5,293 | ||||||
8,684 | ||||||||
Household Durables 0.51% | ||||||||
Focusrite PLC | 157,136 | 2,271 | ||||||
Insurance 1.44% | ||||||||
Lancashire Holdings Ltd. | 695,702 | 6,474 | ||||||
Internet & Direct Marketing Retail 1.27% | ||||||||
ASOS plc* | 93,679 | 5,724 | ||||||
Machinery 0.79% | ||||||||
Concentric AB | 163,095 | 3,561 | ||||||
Media 1.13% | ||||||||
S4 Capital plc* | 748,827 | 5,079 | ||||||
Multi-Line Retail 0.81% | ||||||||
B&M European Value Retail SA | 495,813 | 3,624 | ||||||
Pharmaceuticals 1.03% | ||||||||
Dechra Pharmaceuticals plc | 94,121 | 4,640 |
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
United Kingdom (continued) | ||||||||
Real Estate Management &Development 1.10% | ||||||||
Savills PLC* | 343,141 | $ | 4,928 | |||||
Specialty Retail 0.86% | ||||||||
WH Smith plc | 184,369 | 3,850 | ||||||
Trading Companies & Distributors 1.26% | ||||||||
Grafton Group plc | 478,639 | 5,651 | ||||||
Total United Kingdom | 77,291 | |||||||
United States 1.31% | ||||||||
Exchange- Traded Funds | ||||||||
VanEck Vectors Junior Gold Miners | 117,180 | 5,868 | ||||||
Total Common Stocks (cost $379,840,543) | 447,258 | |||||||
Principal | ||||||||
Amount | ||||||||
(000) | ||||||||
SHORT-TERM INVESTMENTS 1.04% | ||||||||
Repurchase Agreement 1.03% | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $4,694,000 of U.S. Treasury Note at 0.125% due 07/15/2023; value: $4,691,293; proceeds: $4,599,305 (cost $4,599,305) | $ | 4,599 | 4,599 |
See Notes to Schedule of Investments. | 37 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL OPPORTUNITIES FUND January 31, 2021
U.S. $ Fair | ||||||||
Value | ||||||||
Investments | Shares | (000) | ||||||
Money Market Fund 0.01% | ||||||||
Fidelity Government Portfolio(b) (cost $47,972) | 47,972 | $ | 48 | |||||
Time Deposit 0.00% | ||||||||
CitiBank N.A.(b) (cost $5,331) | 5,331 | 5 | ||||||
Total Short-Term Investments (cost $4,652,608) | 4,652 | |||||||
Total Investments in Securities 100.64% (cost $384,493,151) | 451,910 | |||||||
Liabilities in Excess of Foreign Cash and Other Assets(c) (0.64)% | (2,871 | ) | ||||||
Net Assets 100.00% | $ | 449,039 |
ADR | American Depositary Receipt. | |
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 January 31, 2021, the total value of Rule 144A securities was $27,618, which represents 6.15% of net assets. | |
(a) | All or a portion of this security is 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 appreciation on total return swaps as follows: |
Open Total Return Swap Contracts at January 31, 2021:
Swap | Referenced | Referenced | Termination | Notional | Notional | Unrealized | ||||||||||||||||||
Counterparty | Index* | Spread | Units | Position | Date | Amount | Value | Appreciation | ||||||||||||||||
Bank of America | MLEILAEN | 1 Mo. LIBOR +.36% | 94,118 | Long | 6/11/2021 | $ | 7,131,321 | $ | 7,155,513 | $24,192 |
* | Merrill Lynch Custom Basket Index. |
38 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL OPPORTUNITIES FUND January 31, 2021
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 8,868 | $ | – | $ | – | $ | 8,868 | ||||||||
Chile | 4,145 | – | – | 4,145 | ||||||||||||
China | 3,726 | 5,850 | – | 9,576 | ||||||||||||
France | 3,240 | 4,933 | – | 8,173 | ||||||||||||
Germany | 3,063 | 29,921 | – | 32,984 | ||||||||||||
Israel | 6,636 | – | – | 6,636 | ||||||||||||
Italy | 3,392 | 21,947 | – | 25,339 | ||||||||||||
Japan | 1,152 | 90,014 | – | 91,166 | ||||||||||||
Mexico | 5,086 | – | – | 5,086 | ||||||||||||
Netherlands | 1,282 | – | – | 1,282 | ||||||||||||
Norway | 3,005 | 8,932 | – | 11,937 | ||||||||||||
Portugal | 6,378 | – | – | 6,378 | ||||||||||||
Spain | 5,494 | 7,384 | – | 12,878 | ||||||||||||
Sweden | 5,451 | 4,725 | – | 10,176 | ||||||||||||
United Kingdom | 16,604 | 60,687 | – | 77,291 | ||||||||||||
United States | 5,868 | – | – | 5,868 | ||||||||||||
Remaining Countries | – | 129,475 | – | 129,475 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | – | 4,599 | – | 4,599 | ||||||||||||
Money Market Fund | 48 | – | – | 48 | ||||||||||||
Time Deposit | – | 5 | – | 5 | ||||||||||||
Total | $ | 83,438 | $ | 368,472 | $ | – | $ | 451,910 | ||||||||
Other Financial Instruments | ||||||||||||||||
Total Return Swap Contracts | ||||||||||||||||
Assets | – | 24,192 | – | 24,192 | ||||||||||||
Liabilities | – | – | – | – | ||||||||||||
Total | $ | – | $ | 24,192 | $ | – | $ | 24,192 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund's net assets.
See Notes to Schedule of Investments. | 39 |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL VALUE FUND January 31, 2021
Investments | Shares | U.S. $ Fair Value (000) | ||||||
COMMON STOCKS 98.18% | ||||||||
Australia 5.38% | ||||||||
Banks 1.80% | ||||||||
National Australia Bank Ltd. | 500,793 | $ | 8,977 | |||||
Capital Markets 0.65% | ||||||||
Macquarie Group Ltd. | 32,627 | 3,254 | ||||||
Equity Real Estate Investment Trusts 0.72% | ||||||||
Goodman Group | 268,834 | 3,618 | ||||||
Metals & Mining 2.21% | ||||||||
BHP Group Ltd. | 332,110 | 11,075 | ||||||
Total Australia | 26,924 | |||||||
Austria 1.45% | ||||||||
Banks | ||||||||
BAWAG Group AG*† | 166,637 | 7,245 | ||||||
Belgium 1.41% | ||||||||
Beverages 0.76% | ||||||||
Anheuser-Busch InBev SA | 60,463 | 3,795 | ||||||
Pharmaceuticals 0.65% | ||||||||
UCB SA | 31,517 | 3,264 | ||||||
Total Belgium | 7,059 | |||||||
Cambodia 0.55% | ||||||||
Hotels, Restaurants & Leisure | ||||||||
NagaCorp Ltd. | 2,410,000 | 2,736 | ||||||
Canada 1.96% | ||||||||
Banks 0.98% | ||||||||
Royal Bank of Canada | 60,800 | 4,921 | ||||||
Oil, Gas & Consumable Fuels 0.98% | ||||||||
Pembina Pipeline Corp. | 185,333 | 4,879 | ||||||
Total Canada | 9,800 |
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Chile 1.22% | ||||||||
Metals & Mining 0.79% | ||||||||
Lundin Mining Corp. | 441,255 | $ | 3,934 | |||||
Water Utilities 0.43% | ||||||||
Aguas Andinas SA | 7,164,165 | 2,174 | ||||||
Total Chile | 6,108 | |||||||
China 2.80% | ||||||||
Construction Materials 0.98% | ||||||||
China Resources Cement Holdings Ltd. | 4,440,000 | 4,894 | ||||||
Internet & Direct Marketing Retail 0.56% | ||||||||
Alibaba Group Holding Ltd. ADR* | 11,005 | 2,793 | ||||||
Real Estate Management & Development 0.78% | ||||||||
Logan Group Co., Ltd. | 2,640,000 | 3,941 | ||||||
Specialty Retail 0.48% | ||||||||
Topsports International Holdings Ltd.† | 1,486,000 | 2,408 | ||||||
Total China | 14,036 | |||||||
France 14.54% | ||||||||
Aerospace & Defense 1.85% | ||||||||
Safran SA* | 31,673 | 3,982 | ||||||
Thales SA | 58,568 | 5,255 | ||||||
9,237 | ||||||||
Banks 2.00% | ||||||||
Credit Agricole SA* | 883,470 | 9,999 | ||||||
Building Products 1.67% | ||||||||
Cie de Saint-Gobain* | 168,415 | 8,372 | ||||||
Construction & Engineering 0.96% | ||||||||
Vinci SA | 51,977 | 4,820 |
40 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL VALUE FUND January 31, 2021
Investments | Shares | U.S. $ Fair Value (000) | ||||||
France (continued) | ||||||||
Diversified Telecommunication Services 1.40% | ||||||||
Orange SA | 597,816 | $ | 7,016 | |||||
Gas Utilities 0.83% | ||||||||
Rubis SCA | 92,326 | 4,179 | ||||||
Insurance 1.63% | ||||||||
AXA SA | 368,282 | 8,159 | ||||||
Multi-Utilities 1.84% | ||||||||
Engie SA* | 592,580 | 9,196 | ||||||
Pharmaceuticals 2.36% | ||||||||
Sanofi | 125,874 | 11,838 | ||||||
Total France | 72,816 | |||||||
Germany 11.23% | ||||||||
Air Freight & Logistics 1.57% | ||||||||
Deutsche Post AG Registered Shares | 159,140 | 7,861 | ||||||
Auto Components 1.62% | ||||||||
Continental AG | 58,000 | 8,117 | ||||||
Automobiles 1.41% | ||||||||
Volkswagen AG | 33,305 | 7,028 | ||||||
Chemicals 1.28% | ||||||||
BASF SE | 83,016 | 6,416 | ||||||
Insurance 2.08% | ||||||||
Allianz SE Registered Shares | 46,148 | 10,430 | ||||||
Machinery 0.81% | ||||||||
KION Group AG | 47,107 | 4,067 | ||||||
Media 0.81% | ||||||||
Stroeer SE & Co. KGaA | 45,152 | 4,068 | ||||||
Pharmaceuticals 0.71% | ||||||||
Merck KGaA | 21,184 | 3,531 |
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Germany (continued) | ||||||||
Semiconductors & Semiconductor Equipment 0.94% | ||||||||
Infineon Technologies AG | 117,006 | $ | 4,688 | |||||
Total Germany | 56,206 | |||||||
Hong Kong 2.11% | ||||||||
Building Products 0.76% | ||||||||
Xinyi Glass Holdings Ltd. | 1,568,000 | 3,793 | ||||||
Real Estate Management & Development 1.35% | ||||||||
Kerry Properties Ltd. | 2,619,500 | 6,780 | ||||||
Total Hong Kong | 10,573 | |||||||
India 0.86% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
Petronet LNG Ltd. | 1,324,889 | 4,297 | ||||||
Italy 3.19% | ||||||||
Auto Components 0.90% | ||||||||
Freni Brembo SpA* | 332,247 | 4,516 | ||||||
Electric: Utilities 1.32% | ||||||||
Enel SpA | 665,034 | 6,596 | ||||||
Textiles, Apparel & Luxury Goods 0.97% | ||||||||
Moncler SpA* | 86,401 | 4,869 | ||||||
Total Italy | 15,981 | |||||||
Japan 17.33% | ||||||||
Auto Components 1.70% | ||||||||
Denso Corp. | 153,500 | 8,532 | ||||||
Banks 1.79% | ||||||||
Sumitomo Mitsui Financial Group, Inc. | 288,700 | 8,969 | ||||||
Beverages 1.63% | ||||||||
Asahi Group Holdings Ltd. | 202,600 | 8,180 |
See Notes to Schedule of Investments. | 41 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL VALUE FUND January 31, 2021
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Japan (continued) | ||||||||
Building Products 1.72% | ||||||||
Sanwa Holdings Corp. | 755,300 | $ | 8,611 | |||||
Diversified Financial Services 1.69% | ||||||||
ORIX Corp. | 526,600 | 8,450 | ||||||
Electrical Equipment 1.04% | ||||||||
Fuji Electric Co., Ltd. | 130,200 | 5,188 | ||||||
Electronic Equipment, Instruments & Components 3.47% | ||||||||
Hitachi Ltd. | 198,000 | 8,157 | ||||||
TDK Corp. | 57,000 | 9,216 | ||||||
17,373 | ||||||||
Household Durables 1.69% | ||||||||
Sony Corp. | 88,300 | 8,451 | ||||||
Trading Companies & Distributors 1.70% | ||||||||
ITOCHU Corp. | 296,800 | 8,500 | ||||||
Wireless Telecommunication Services 0.90% | ||||||||
SoftBank Group Corp. | 58,300 | 4,517 | ||||||
Total Japan | 86,771 | |||||||
Macau 0.93% | ||||||||
Hotels, Restaurants & Leisure | ||||||||
Sands China Ltd. | 1,178,000 | 4,678 | ||||||
Mexico 1.48% | ||||||||
Banks 0.73% | ||||||||
Grupo Financiero Banorte | ||||||||
SAB de CV* | 737,066 | 3,652 | ||||||
Transportation Infrastructure 0.75% | ||||||||
Grupo Aeroportuario del Pacifico SAB de CV* | 374,500 | 3,775 | ||||||
Total Mexico | 7,427 |
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Netherlands 2.29% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
Royal Dutch Shell plc Class A ADR(a) | 310,117 | $ | 11,440 | |||||
Russia 0.99% | ||||||||
Oil, Gas & Consumable Fuels | ||||||||
Lukoil PJSC ADR | 69,826 | 4,942 | ||||||
South Africa 1.88% | ||||||||
Metals & Mining | ||||||||
Anglo American plc | 286,808 | 9,434 | ||||||
South Korea 2.19% | ||||||||
Technology Hardware, Storage & Peripherals | ||||||||
Samsung Electronics Co., Ltd. | 149,666 | 10,942 | ||||||
Sweden 3.04% | ||||||||
Commercial Services & Supplies 0.98% | ||||||||
Loomis AB | 192,198 | 4,931 | ||||||
Machinery 0.97% | ||||||||
Sandvik AB* | 195,782 | 4,876 | ||||||
Oil, Gas & Consumable Fuels 1.09% | ||||||||
Lundin Energy AB | 200,147 | 5,437 | ||||||
Total Sweden | 15,244 | |||||||
Switzerland 6.92% | ||||||||
Capital Markets 2.38% | ||||||||
UBS Group AG | 828,220 | 11,938 | ||||||
Insurance 2.22% | ||||||||
Swiss Life Holding AG* | 10,200 | 4,651 | ||||||
Zurich Financial Services AG | 16,120 | 6,445 | ||||||
11,096 |
42 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL VALUE FUND January 31, 2021
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Switzerland (continued) | ||||||||
Pharmaceuticals 2.32% | ||||||||
Novartis AG Registered Shares | 69,652 | $ | 6,306 | |||||
Roche Holding AG | 15,310 | 5,284 | ||||||
11,590 | ||||||||
Total Switzerland | 34,624 | |||||||
United Kingdom 12.92% | ||||||||
Banks 1.62% | ||||||||
Standard Chartered plc* | 1,343,495 | 8,129 | ||||||
Electric: Utilities 0.93% | ||||||||
SSE plc | 228,919 | 4,637 | ||||||
Equity Real Estate Investment Trusts 0.86% | ||||||||
UNITE Group plc (The)* | 326,393 | 4,281 | ||||||
Hotels, Restaurants & Leisure 0.66% | ||||||||
Entain PLC* | 195,149 | 3,303 | ||||||
Household Durables 1.12% | ||||||||
Persimmon plc | 161,429 | 5,619 | ||||||
Insurance 2.20% | ||||||||
Beazley plc | 850,545 | 3,620 | ||||||
Prudential plc | 461,465 | 7,383 | ||||||
11,003 | ||||||||
Multi-Utilities 0.90% | ||||||||
National Grid plc | 389,183 | 4,521 | ||||||
Pharmaceuticals 1.08% | ||||||||
AstraZeneca plc | 53,163 | 5,423 | ||||||
Tobacco 2.42% | ||||||||
British American Tobacco plc | 211,695 | 7,692 | ||||||
Imperial Brands plc | 221,141 | 4,439 | ||||||
12,131 |
Investments | Shares | U.S. $ Fair Value (000) | ||||||
United Kingdom (continued) | ||||||||
Trading Companies & Distributors 1.13% | ||||||||
Ashtead Group plc | 112,369 | $ | 5,640 | |||||
Total United Kingdom | 64,687 | |||||||
United States 1.51% | ||||||||
Auto Components | ||||||||
Lear Corp. | 50,212 | 7,570 | ||||||
Total Common Stocks (cost $431,092,475) | 491,540 | |||||||
Principal Amount (000) | ||||||||
SHORT-TERM INVESTMENTS 1.14% | ||||||||
Repurchase Agreement 0.99% | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $5,065,200 of U.S. Treasury Note at 0.125% due 07/15/2023; value: $5,062,279; proceeds: $4,962,922 (cost $4,962,922) | $ | 4,963 | 4,963 |
See Notes to Schedule of Investments. | 43 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – INTERNATIONAL VALUE FUND January 31, 2021
Investments | Shares | U.S. $ Fair Value (000) | ||||||
Money Market Fund 0.14% | ||||||||
Fidelity Government Portfolio(b) (cost $678,255) | 678,255 | $ | 678 | |||||
Time Deposit 0.01% | ||||||||
CitiBank N.A.(b) (cost $75,362) | 75,362 | 76 | ||||||
Total Investments in Securities 99.32% (cost $436,809,014) | 497,257 | |||||||
Other Assets in Excess of Liabilities 0.68% | 3,415 | |||||||
Net Assets 100.00% | $ | 500,672 |
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 January 31, 2021, the total value of Rule 144A securities was $9,653, which represents 1.93% of net assets. | |
(a) | All or a portion of this security is temporarily on loan to unaffiliated broker/dealers. | |
(b) | Security was purchased with the cash collateral from loaned securities. |
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 9,800 | $ | – | $ | – | $ | 9,800 | ||||||||
Chile | 6,108 | – | – | 6,108 | ||||||||||||
China | 2,793 | 11,243 | – | 14,036 | ||||||||||||
Mexico | 7,427 | – | – | 7,427 | ||||||||||||
Netherlands | 11,440 | – | – | 11,440 | ||||||||||||
Sweden | 4,931 | 10,313 | – | 15,244 | ||||||||||||
United States | 7,570 | – | – | 7,570 | ||||||||||||
Remaining Countries | – | 419,915 | – | 419,915 | ||||||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | – | 4,963 | – | 4,963 | ||||||||||||
Money Market Fund | 678 | – | – | 678 | ||||||||||||
Time Deposit | – | 76 | – | 76 | ||||||||||||
Total | $ | 50,747 | $ | 446,510 | $ | – | $ | 497,257 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund's net assets.
44 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – MICRO CAP GROWTH FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 91.53% | ||||||||
Air Freight & Logistics 0.57% | ||||||||
Atlas Air Worldwide Holdings, Inc.* | 28,377 | $ | 1,470 | |||||
Auto Components 0.84% | ||||||||
Gentherm, Inc.* | 35,648 | 2,184 | ||||||
Banks 1.51% | ||||||||
Silvergate Capital Corp.* | 42,066 | 3,915 | ||||||
Beverages 1.26% | ||||||||
Celsius Holdings, Inc.*(a) | 61,610 | 3,290 | ||||||
Biotechnology 14.40% | ||||||||
Adaptimmune Therapeutics plc ADR* | 141,129 | 771 | ||||||
Beam Therapeutics, Inc.*(a) | 38,077 | 3,672 | ||||||
CareDx, Inc.* | 41,570 | 3,177 | ||||||
Constellation Pharmaceuticals, Inc.* | 71,406 | 2,354 | ||||||
Insmed, Inc.* | 59,543 | 2,238 | ||||||
Karuna Therapeutics, Inc.* | 15,390 | 1,527 | ||||||
Krystal Biotech, Inc.* | 25,353 | 1,767 | ||||||
Myovant Sciences Ltd. (United Kingdom)*(b) | 113,285 | 2,638 | ||||||
Rigel Pharmaceuticals, Inc.* | 515,972 | 1,878 | ||||||
Rocket Pharmaceuticals, Inc.* | 54,616 | 3,008 | ||||||
Scholar Rock Holding Corp.* | 54,456 | 3,249 | ||||||
Seres Therapeutics, Inc.* | 71,813 | 1,706 | ||||||
Stoke Therapeutics, Inc.* | 18,577 | 1,135 | ||||||
TG Therapeutics, Inc.* | 45,428 | 2,193 | ||||||
Trillium Therapeutics, Inc. (Canada)*(a)(b) | 135,932 | 1,788 | ||||||
Turning Point Therapeutics, Inc.* | 17,790 | 2,232 | ||||||
Veracyte, Inc.* | 37,555 | 2,129 | ||||||
Total | 37,462 | |||||||
Commercial Services & Supplies 1.07% | ||||||||
Montrose Environmental Group, Inc.* | 75,001 | 2,774 |
Investments | Shares | Fair Value (000) | ||||||
Communications Equipment 2.78% | ||||||||
AudioCodes Ltd. (Israel)(b) | 32,354 | $ | 971 | |||||
Calix, Inc.* | 207,353 | 6,262 | ||||||
Total | 7,233 | |||||||
Construction & Engineering 0.77% | ||||||||
Ameresco, Inc. Class A* | 35,519 | 1,992 | ||||||
Electrical Equipment 1.00% | ||||||||
TPI Composites, Inc.* | 43,507 | 2,606 | ||||||
Electronic Equipment, Instruments & Components 1.78% | ||||||||
908 Devices, Inc.* | 35,751 | 1,970 | ||||||
nLight, Inc.* | 84,012 | 2,662 | ||||||
Total | 4,632 | |||||||
Health Care Equipment & Supplies 10.65% | ||||||||
Axonics Modulation Technologies, Inc.* | 71,646 | 3,704 | ||||||
CryoPort, Inc.*(a) | 76,763 | 5,235 | ||||||
GenMark Diagnostics, Inc.* | 132,417 | 1,829 | ||||||
Inari Medical, Inc.* | 18,195 | 1,736 | ||||||
OrthoPediatrics Corp.* | 57,067 | 2,635 | ||||||
Outset Medical, Inc.* | 27,583 | 1,430 | ||||||
Pulmonx Corp.* | 43,979 | 2,495 | ||||||
Shockwave Medical, Inc.* | 42,121 | 4,888 | ||||||
SI-BONE, Inc.* | 127,709 | 3,739 | ||||||
Total | 27,691 | |||||||
Health Care Providers & Services 2.02% | ||||||||
Castle Biosciences, Inc.* | 49,992 | 3,341 | ||||||
Ontrak, Inc.*(a) | 24,084 | 1,910 | ||||||
Total | 5,251 | |||||||
Health Care Technology 2.69% | ||||||||
Health Catalyst, Inc.* | 36,561 | 1,816 | ||||||
Inspire Medical Systems, Inc.* | 15,264 | 3,076 | ||||||
Simulations Plus, Inc. | 26,427 | 2,092 | ||||||
Total | 6,984 |
See Notes to Schedule of Investments. | 45 |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – MICRO CAP GROWTH FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Hotels, Restaurants & Leisure 1.08% | ||||||||
Golden Nugget Online | ||||||||
Gaming, Inc.*(a) | 54,358 | $ | 970 | |||||
Papa John's International, Inc. | 18,081 | 1,850 | ||||||
Total | 2,820 | |||||||
Household Durables 3.27% | ||||||||
LGI Homes, Inc.* | 30,010 | 3,202 | ||||||
Sonos, Inc.* | 203,229 | 5,315 | ||||||
Total | 8,517 | |||||||
Household Products 0.86% | ||||||||
Central Garden & Pet Co.* | 53,089 | 2,245 | ||||||
Industrial Conglomerates 1.01% | ||||||||
Raven Industries, Inc. | 81,229 | 2,621 | ||||||
Insurance 1.23% | ||||||||
Trupanion, Inc.* | 28,497 | 3,197 | ||||||
Internet & Direct Marketing Retail 5.01% | ||||||||
Magnite, Inc.* | 195,619 | 6,776 | ||||||
Overstock.com, Inc.* | 31,993 | 2,483 | ||||||
PubMatic, Inc.*(a) | 95,205 | 3,784 | ||||||
Total | 13,043 | |||||||
Internet Software & Services 1.48% | ||||||||
Cardlytics, Inc.* | 31,400 | 3,839 | ||||||
Leisure Products 1.35% | ||||||||
Malibu Boats, Inc. Class A* | 50,268 | 3,524 | ||||||
Life Sciences Tools & Services 4.76% | ||||||||
NanoString Technologies, Inc.* | 45,424 | 3,181 | ||||||
Pacific Biosciences of California, Inc.* | 116,971 | 3,784 | ||||||
Quanterix Corp.* | 79,863 | 5,170 | ||||||
Seer, Inc.* | 3,813 | 238 | ||||||
Total | 12,373 | |||||||
Machinery 6.08% | ||||||||
Chart Industries, Inc.* | 31,643 | 3,801 | ||||||
Evoqua Water Technologies Corp.* | 82,975 | 2,261 |
Investments | Shares | Fair Value (000) | ||||||
Machinery (continued) | ||||||||
Hydrofarm Holdings Group, Inc.* | 23,231 | $ | 1,754 | |||||
Shyft Group, Inc. (The) | 98,654 | 2,979 | ||||||
SPX Corp.* | 34,648 | 1,792 | ||||||
Westport Innovations, Inc. (Canada)*(a)(b) | 433,617 | 3,226 | ||||||
Total | 15,813 | |||||||
Personal Products 0.87% | ||||||||
elf Beauty, Inc.* | 104,472 | 2,273 | ||||||
Pharmaceuticals 0.93% | ||||||||
Intra-Cellular Therapies, Inc.* | 41,501 | 1,334 | ||||||
Pliant Therapeutics, Inc.*(a) | 43,746 | 1,077 | ||||||
Total | 2,411 | |||||||
Professional Services 0.66% | ||||||||
Willdan Group, Inc.* | 38,146 | 1,705 | ||||||
Real Estate Management & Development 1.29% | ||||||||
eXp World Holdings, Inc.* | 31,395 | 3,346 | ||||||
Semiconductors & Semiconductor Equipment 4.36% | ||||||||
CEVA, Inc.* | 75,218 | 4,422 | ||||||
Ichor Holdings Ltd.* | 90,154 | 3,255 | ||||||
Impinj, Inc.* | 22,972 | 1,217 | ||||||
Rambus, Inc.* | 129,050 | 2,451 | ||||||
Total | 11,345 | |||||||
Software 12.06% | ||||||||
Agilysys, Inc.* | 146,213 | 5,379 | ||||||
Cerence, Inc.* | 66,362 | 7,427 | ||||||
Digital Turbine, Inc.* | 98,878 | 5,657 | ||||||
fuboTV, Inc.*(a) | 44,952 | 1,899 | ||||||
Sprout Social, Inc. Class A* | 76,421 | 5,044 | ||||||
Telos Corp.* | 123,377 | 4,355 | ||||||
Upland Software, Inc.* | 33,911 | 1,617 | ||||||
Total | 31,378 |
46 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – MICRO CAP GROWTH FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Specialty Retail 2.29% | ||||||||
National Vision Holdings, Inc.* | 23,803 | $ | 1,104 | |||||
Sleep Number Corp.* | 44,978 | 4,846 | ||||||
Total | 5,950 | |||||||
Tobacco 0.98% | ||||||||
Turning Point Brands, Inc. | 54,371 | 2,561 | ||||||
Trading Companies & Distributors 0.62% | ||||||||
Rush Enterprises, Inc. Class A | 38,636 | 1,622 | ||||||
Total Common Stocks (cost $162,697,698) | 238,067 | |||||||
Principal Amount (000) | ||||||||
SHORT-TERM INVESTMENTS 10.09% | ||||||||
Repurchase Agreement 4.30% | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $11,411,300 of U.S. Treasury Note at . 125% due 7/15/2023; value: $11,404,720; proceeds: $11,181,085 (cost $11,181,085) | $ | 11,181 | 11,181 |
Investments | Shares | Fair Value (000) | ||||||
Money Market Fund 5.21% | ||||||||
Fidelity Government Portfolio(c) (cost $13,557,606) | 13,557,606 | $ | 13,558 | |||||
Time Deposit 0.58% | ||||||||
CitiBank N.A.(c) (cost $1,506,401) | 1,506,401 | 1,506 | ||||||
Total Short-Term Investments (cost $26,245,092) | 26,245 | |||||||
Total Investments in Securities 101.62% (cost $188,942,790) | 264,312 | |||||||
Liabilities in Excess of Other Assets (1.62)% | (4,213 | ) | ||||||
Net Assets 100.00% | $ | 260,099 |
ADR | American Depositary Receipt. | |
* | Non-income producing security. | |
(a) | All or a portion of this security is temporarily on loan to unaffiliated broker/dealers. | |
(b) | Foreign security traded in U.S. dollars. | |
(c) | Security was purchased with the cash collateral from loaned securities. |
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 238,067 | $ | – | $ | – | $ | 238,067 | ||||||||
Short-Term Investments | ||||||||||||||||
Repurchase Agreement | – | 11,181 | – | 11,181 | ||||||||||||
Money Market Fund | 13,558 | – | – | 13,558 | ||||||||||||
Time Deposit | – | 1,506 | – | 1,506 | ||||||||||||
Total | $ | 251,625 | $ | 12,687 | $ | – | $ | 264,312 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund's net assets.
See Notes to Schedule of Investments. | 47 |
Schedule of Investments (unaudited)
LORD ABBETT SECURITIES TRUST – VALUE OPPORTUNITIES FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
COMMON STOCKS 99.35% | ||||||||
Aerospace & Defense 1.17% | ||||||||
Hexcel Corp. | 411,873 | $ | 17,982 | |||||
Auto Components 3.79% | ||||||||
Dorman Products, Inc.* | 221,370 | 20,107 | ||||||
LCI Industries | 120,545 | 15,596 | ||||||
Lear Corp. | 150,141 | 22,635 | ||||||
Total | 58,338 | |||||||
Banks 7.18% | ||||||||
Bank of Hawaii Corp. | 214,490 | 16,771 | ||||||
East West Bancorp, Inc. | 462,735 | 27,737 | ||||||
Pacific Premier Bancorp, Inc. | 469,357 | 15,606 | ||||||
Signature Bank | 23,973 | 3,960 | ||||||
SVB Financial Group* | 43,984 | 19,255 | ||||||
Western Alliance Bancorp | 398,255 | 27,153 | ||||||
Total | 110,482 | |||||||
Beverages 0.88% | ||||||||
Primo Water Corp. | 873,468 | 13,495 | ||||||
Building Products 5.84% | ||||||||
A.O. Smith Corp. | 449,242 | 24,394 | ||||||
Allegion plc (Ireland)(a) | 143,087 | 15,312 | ||||||
Masonite International Corp.* | 256,024 | 25,474 | ||||||
Simpson Manufacturing Co., Inc. | 267,896 | 24,646 | ||||||
Total | 89,826 | |||||||
Capital Markets 0.97% | ||||||||
Moelis & Co. Class A | 300,756 | 14,951 | ||||||
Chemicals 4.69% | ||||||||
Avient Corp. | 579,422 | 22,267 | ||||||
Axalta Coating Systems Ltd.* | 874,358 | 23,599 | ||||||
Valvoline, Inc. | 1,110,612 | 26,366 | ||||||
Total | 72,232 |
Investments | Shares | Fair Value (000) | ||||||
Commercial Services & Supplies 0.67% | ||||||||
Driven Brands Holdings, Inc.* | 367,468 | $ | 10,326 | |||||
Consumer Finance 1.81% | ||||||||
Discover Financial Services | 334,109 | 27,912 | ||||||
Containers & Packaging 1.71% | ||||||||
Avery Dennison Corp. | 174,903 | 26,388 | ||||||
Electric: Utilities 2.07% | ||||||||
IDACORP, Inc. | 184,982 | 16,334 | ||||||
Portland General Electric Co. | 368,767 | 15,595 | ||||||
Total | 31,929 | |||||||
Electrical Equipment 1.48% | ||||||||
Generac Holdings, Inc.* | 92,298 | 22,744 | ||||||
Electronic Equipment, Instruments & Components 1.73% | ||||||||
Littelfuse, Inc. | 109,740 | 26,707 | ||||||
Equity Real Estate Investment Trusts 4.83% | ||||||||
Alexandria Real Estate Equities, Inc. | 97,218 | 16,246 | ||||||
CoreSite Realty Corp. | 133,721 | 17,977 | ||||||
First Industrial Realty Trust, Inc. | 549,236 | 22,321 | ||||||
Sunstone Hotel Investors, Inc. | 1,661,300 | 17,776 | ||||||
Total | 74,320 | |||||||
Health Care Equipment & Supplies 5.40% | ||||||||
Cooper Cos., Inc. (The) | 43,812 | 15,949 | ||||||
Hill-Rom Holdings, Inc. | 229,098 | 22,003 | ||||||
NuVasive, Inc.* | 332,785 | 17,884 | ||||||
STERIS plc | 146,084 | 27,334 | ||||||
Total | 83,170 | |||||||
Health Care Providers & Services 3.49% | ||||||||
Covetrus, Inc.* | 452,773 | 15,426 | ||||||
Encompass Health Corp. | 193,027 | 15,519 | ||||||
Molina Healthcare, Inc.* | 106,651 | 22,782 | ||||||
Total | 53,727 |
48 | See Notes to Schedule of Investments. |
Schedule of Investments (unaudited)(continued)
LORD ABBETT SECURITIES TRUST – VALUE OPPORTUNITIES FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Hotels, Restaurants & Leisure 1.42% | ||||||||
Caesars Entertainment, Inc.* | 310,500 | $ | 21,856 | |||||
Household Durables 5.48% | ||||||||
Helen of Troy Ltd.* | 74,173 | 18,117 | ||||||
Leggett & Platt, Inc. | 503,100 | 20,627 | ||||||
Purple Innovation, Inc.* | 742,715 | 25,282 | ||||||
Sonos, Inc.* | 777,150 | 20,322 | ||||||
Total | 84,348 | |||||||
Industrial Conglomerates 1.56% | ||||||||
Carlisle Cos., Inc. | 165,188 | 23,941 | ||||||
Information Technology Services 5.17% | ||||||||
Booz Allen Hamilton Holding Corp. | 281,361 | 23,964 | ||||||
EPAM Systems, Inc.* | 24,587 | 8,468 | ||||||
Euronet Worldwide, Inc.* | 238,604 | 29,816 | ||||||
Jack Henry & Associates, Inc. 119,928 | 17,364 | |||||||
Total | 79,612 | |||||||
Insurance 3.77% | ||||||||
Globe Life, Inc. | 165,664 | 14,974 | ||||||
RenaissanceRe Holdings Ltd. | 130,748 | 19,670 | ||||||
Stewart Information Services Corp. | 504,960 | 23,420 | ||||||
Total | 58,064 | |||||||
Internet Software & Services 2.03% | ||||||||
TechTarget, Inc.* | 417,871 | 31,215 | ||||||
Leisure Products 1.17% | ||||||||
Malibu Boats, Inc. Class A* | 255,808 | 17,935 | ||||||
Life Sciences Tools & Services 6.56% | ||||||||
Bio-Techne Corp. | 76,837 | 24,965 | ||||||
Charles River Laboratories International, Inc.* | 120,894 | 31,318 | ||||||
ICON plc (Ireland)*(a) | 87,017 | 17,735 | ||||||
PerkinElmer, Inc. | 183,229 | 26,947 | ||||||
Total | 100,965 |
Investments | Shares | Fair Value (000) | ||||||
Machinery 4.15% | ||||||||
Allison Transmission Holdings, Inc. | 637,526 | $ | 25,947 | |||||
Columbus McKinnon Corp/NY. | 259,959 | 11,228 | ||||||
Crane Co. | 353,195 | 26,730 | ||||||
Total | 63,905 | |||||||
Metals & Mining 1.48% | ||||||||
Reliance Steel & Aluminum Co. | 196,229 | 22,778 | ||||||
Oil, Gas & Consumable Fuels 2.25% | ||||||||
Cabot Oil & Gas Corp. | 667,000 | 12,226 | ||||||
Par Pacific Holdings, Inc.* | 795,269 | 10,561 | ||||||
Pioneer Natural Resources Co. 97,419 | 11,778 | |||||||
Total | 34,565 | |||||||
Real Estate Management & Development 0.99% | ||||||||
Marcus & Millichap, Inc.* | 427,800 | 15,285 | ||||||
Road & Rail 3.00% | ||||||||
Landstar System, Inc. | 172,200 | 24,005 | ||||||
Saia, Inc.* | 125,351 | 22,156 | ||||||
Total | 46,161 | |||||||
Semiconductors & Semiconductor Equipment 6.13% | ||||||||
Advanced Energy Industries, Inc.* | 139,843 | 14,345 | ||||||
Entegris, Inc. | 344,959 | 33,941 | ||||||
Monolithic Power Systems, Inc. | 63,667 | 22,620 | ||||||
Teradyne, Inc. | 206,133 | 23,392 | ||||||
Total | 94,298 | |||||||
Software 3.23% | ||||||||
Aspen Technology, Inc.* | 180,139 | 24,121 | ||||||
Fair Isaac Corp.* | 56,968 | 25,642 | ||||||
Total | 49,763 |
See Notes to Schedule of Investments. | 49 |
Schedule of Investments (unaudited)(concluded)
LORD ABBETT SECURITIES TRUST – VALUE OPPORTUNITIES FUND January 31, 2021
Investments | Shares | Fair Value (000) | ||||||
Specialty Retail 2.67% | ||||||||
Burlington Stores, Inc.* | 64,443 | $ | 16,040 | |||||
Williams-Sonoma, Inc. | 194,666 | 25,096 | ||||||
Total | 41,136 | |||||||
Tobacco 0.58% | ||||||||
Turning Point Brands, Inc. | 189,097 | 8,907 | ||||||
Total Common Stocks (cost $1,143,256,002) | 1,529,263 |
Investments | Principal Amount (000) | Fair Value (000) | ||||||
SHORT-TERM INVESTMENT 0.96% | ||||||||
Repurchase Agreement | ||||||||
Repurchase Agreement dated 1/29/2021, 0.00% due 2/1/2021 with Fixed Income Clearing Corp. collateralized by $14,611,700 of U.S. Treasury Note at 1.25% due 7/31/2023; value: $15,103,282; proceeds: $14,807,099 (cost $14,807,099) | $ | 14,807 | $ | 14,807 | ||||
Total Investments in Securities 100.31% (cost $1,158,063,101) | 1,544,070 | |||||||
Liabilities in Excess of Other Assets (0.31)% | (4,794 | ) | ||||||
Net Assets 100.00% | $ | 1,539,276 |
* | Non-income producing security. | |
(a) | Foreign security traded in U.S. dollars. |
The following is a summary of the inputs used as of January 31, 2021 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 | $ | 1,529,263 | $ | – | $ | – | $ | 1,529,263 | ||||||||
Short-Term Investment | ||||||||||||||||
Repurchase Agreement | – | 14,807 | – | 14,807 | ||||||||||||
Total | $ | 1,529,263 | $ | 14,807 | $ | – | $ | 1,544,070 |
(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. |
A reconciliation of Level 3 investments is presented when the Fund has a material amount of Level 3 investments at the beginning or end of the period in relation to the Fund's net assets.
50 | See Notes to Schedule of Investments. |
Notes to Financial Statements (unaudited)
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 Opportunities Fund (“International Opportunities Fund”), Lord Abbett International Value Fund (“International Value Fund”), Lord Abbett Micro-Cap Growth Fund (“Micro Cap Growth Fund”) and Lord Abbett Value Opportunities Fund (“Value Opportunities Fund”).
Each of Alpha Strategy Fund’s, Focused Large Cap Value Fund’s, Focused Small Cap Value Fund’s, Global Equity Research Fund’s, Health Care Fund’s, International Equity Fund’s, International Opportunities Fund’s, and Value Opportunities Fund’s investment objective is to seek long- term capital appreciation. Alpha Strategy Fund invests principally in other funds (“Underlying Funds”) managed by Lord, Abbett & Co. LLC (“Lord Abbett”). Fundamental Equity Fund’s investment objective is long- term growth of capital and income without excessive fluctuations in market value. Durable Growth Fund, Growth Leaders Fund’s and Focused Growth Fund’s investment objective is to seek capital appreciation. International Value Fund’s investment objective is to seek a high level of total return.
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. Swaps are valued daily using independent pricing services or quotations from broker/dealers to the extent available. Investments in the |
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Notes to Financial Statements (unaudited)(continued)
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 January 31, 2021 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. |
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Notes to Financial Statements (unaudited)(continued)
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 Fund has established a securities lending agreement with Citibank, N.A. (the “agent”) 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 Fund’s 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 Fund may experience a delay in the recovery of its securities or incur a loss should the borrower of the securities breach its agreement with the Fund 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 Fund is 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 Fund’s agent; the Fund will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Fund 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 January 31, 2021, the market value of securities loaned and collateral received for the Funds were as follows:
Funds | Market Value of Securities Loaned | Collateral Received | ||||||
Growth Leaders Fund | $ | 1,638,485 | $ | 1,772,287 | ||||
Health Care Fund | 31,200 | 33,625 | ||||||
International Opportunities Fund | 49,506 | 53,303 | ||||||
International Value Fund | 705,484 | 753,617 | ||||||
Micro Cap Growth Fund | 15,006,721 | 15,064,007 |
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Notes to Financial Statements (unaudited)(concluded)
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 January 31, 2021:
Alpha Strategy Fund
Affiliated Issuer | Balance of Shares Held at 10/31/2020 | Gross Additions | Gross Sales | Balance of Shares Held at 1/31/2021 | Fair Value at 1/31/2021 | Net Realized Gain (Loss) 11/1/2020 to 1/31/2021 | Dividend Income 11/1/2020 to 1/31/2021 | Change in Appreciation (Depreciation) 11/1/2020 to 1/31/2021 | ||||||||||||||||||||||||
Lord Abbett Developing Growth Fund, Inc. - Class I | 3,985,867 | 334,402 | (210,481 | ) | 4,109,788 | $ | 167,021,800 | $ | 16,210,113 | (a) | $ | — | $ | 23,764,650 | ||||||||||||||||||
Lord Abbett Securities Trust - Focused Small Cap Value Fund - Class I | 3,321,048 | 56,202 | (354,749 | ) | 3,022,501 | 82,393,364 | (1,861,828 | ) | 785,231 | 24,436,983 | ||||||||||||||||||||||
Lord Abbett Securities Trust - International Opportunities Fund - Class I | 8,007,354 | 176,797 | (92,288 | ) | 8,091,863 | 157,872,254 | 288,713 | — | 26,462,378 | |||||||||||||||||||||||
Lord Abbett Securities Trust - Micro-Cap Growth Fund - Class I | 3,286,773 | 866,948 | (493,566 | ) | 3,660,155 | 86,562,672 | 19,193,135 | (b) | — | 11,218,538 | ||||||||||||||||||||||
Lord Abbett Research Fund, Inc. - Small Cap Value Fund - Class I | 8,851,506 | 123,787 | (440,870 | ) | 8,534,423 | 163,604,891 | (4,662,171 | ) | 1,619,595 | 40,655,503 | ||||||||||||||||||||||
Lord Abbett Securities Trust - Value Opportunities Fund - Class I | 7,636,112 | 454,133 | (207,534 | ) | 7,882,711 | 158,284,841 | 7,245,239 | (c) | 681,801 | 17,659,262 | ||||||||||||||||||||||
Total | $ | 815,739,822 | $ | 36,413,201 | $ | 3,086,627 | $ | 144,197,314 |
(a) | Includes $11,607,104 of distributed capital gains. |
(b) | Includes $16,385,329 of distributed capital gains. |
(c) | Includes $7,499,811 of distributed capital gains. |
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Investments in Underlying Funds (unaudited)
Alpha Strategy Fund invests in Underlying Funds managed by Lord Abbett. As of January 31, 2021, 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 | 20.46% | |||
Lord Abbett Research Fund, Inc.-Small Cap Value Fund – Class I | 20.04% | |||
Lord Abbett Securities Trust–Focused Small Cap Value Fund – Class I | 10.09% | |||
Lord Abbett Securities Trust–International Opportunities Fund – Class I | 19.34% | |||
Lord Abbett Securities Trust–Micro-Cap Growth Fund – Class I | 10.60% | |||
Lord Abbett Securities Trust–Value Opportunities Fund – Class I | 19.38% |
The Ten Largest Holdings and the Holdings by Sector or Credit Rating, as of January 31, 2021, 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 | ||
Inspire Medical Systems, Inc. | 1.90% | ||
Axon Enterprise, Inc. | 1.71% | ||
Natera, Inc. | 1.67% | ||
RH | 1.46% | ||
TG Therapeutics, Inc. | 1.45% | ||
MKS Instruments, Inc. | 1.43% | ||
Cardlytics, Inc. | 1.39% | ||
Axonics Modulation Technologies, Inc. | 1.35% | ||
SunPower Corp. | 1.33% | ||
Stitch Fix, Inc. Class A | 1.32% | ||
Holdings by Sector* | % of Investments | ||
Communication Services | 0.83% | ||
Consumer Discretionary | 17.09% | ||
Consumer Staples | 0.81% | ||
Financials | 4.32% | ||
Health Care | 30.37% | ||
Industrials | 12.20% | ||
Information Technology | 25.80% | ||
Materials | 0.84% | ||
Real Estate | 0.90% | ||
Repurchase Agreement | 4.17% | ||
Money Market Fund(a) | 2.40% | ||
Time Deposit(a) | 0.27% | ||
Total | 100.00% |
* | A sector may comprise several industries. |
(a) | Securities were purchased with the cash collateral from loaned securities. |
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Investments in Underlying Funds (unaudited)(continued)
Focused Small Cap Value Fund | |||
Ten Largest Holdings | % of Investments | ||
Bancorp, Inc. (The) | 3.77% | ||
Hillenbrand, Inc. | 3.42% | ||
American Axle & Manufacturing Holdings, Inc. | 3.00% | ||
Spectrum Brands Holdings, Inc. | 2.97% | ||
Purple Innovation, Inc. | 2.86% | ||
Sterling Bancorp | 2.82% | ||
Masonite International Corp. | 2.72% | ||
Pacific Premier Bancorp, Inc. | 2.63% | ||
Western Alliance Bancorp | 2.51% | ||
Flagstar Bancorp, Inc. | 2.47% | ||
Holdings by Sector* | % of Investments | ||
Communication Services | 3.46% | ||
Consumer Discretionary | 12.76% | ||
Consumer Staples | 2.98% | ||
Energy | 4.54% | ||
Financials | 32.97% | ||
Health Care | 1.61% | ||
Industrials | 16.83% | ||
Information Technology | 8.36% | ||
Materials | 7.59% | ||
Real Estate | 5.95% | ||
Repurchase Agreement | 2.95% | ||
Total | 100.00% | ||
* A sector may comprise several industries. | |||
International Opportunities Fund | |||
Ten Largest Holdings | % of Investments | ||
Rheinmetall AG | 2.05% | ||
Sanwa Holdings Corp. | 1.61% | ||
Marel HF | 1.47% | ||
Lancashire Holdings Ltd. | 1.43% | ||
REN – Redes Energeticas Nacionais SGPS SA | 1.41% | ||
Federal Bank Ltd. | 1.40% | ||
SHO-BOND Holdings Co. Ltd. | 1.39% | ||
Aixtron SE | 1.37% | ||
TechnoPro Holdings, Inc. | 1.37% | ||
UDG Healthcare plc | 1.35% |
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Investments in Underlying Funds (unaudited)(continued)
Holdings by Sector* | % of Investments | ||
Communication Services | 4.09% | ||
Consumer Discretionary | 12.97% | ||
Consumer Staples | 3.83% | ||
Financials | 12.42% | ||
Health Care | 7.79% | ||
Industrials | 24.00% | ||
Information Technology | 14.74% | ||
Materials | 8.57% | ||
Real Estate | 6.40% | ||
Utilities | 4.16% | ||
Repurchase Agreement | 1.02% | ||
Money Market Fund(a) | 0.01% | ||
Time Deposit(a) | 0.00% | (b) | |
Total | 100.00% |
* | A sector may comprise several industries. |
(a) | Securities were purchased with the cash collateral from loaned securities. |
(b) | Amount is less than 0.01%. |
Micro Cap Growth Fund | |||
Ten Largest Holdings | % of Investments | ||
Cerence, Inc. | 2.81% | ||
Magnite, Inc. | 2.56% | ||
Calix, Inc. | 2.37% | ||
Digital Turbine, Inc. | 2.14% | ||
Agilysys, Inc. | 2.04% | ||
Sonos, Inc. | 2.01% | ||
CryoPort, Inc. | 1.98% | ||
Quanterix Corp. | 1.96% | ||
Sprout Social, Inc. Class A | 1.91% | ||
Shockwave Medical, Inc. | 1.85% | ||
Holdings by Sector* | % of Investments | ||
Consumer Discretionary | 13.63% | ||
Consumer Staples | 3.92% | ||
Financials | 2.69% | ||
Health Care | 34.87% | ||
Industrials | 11.58% | ||
Information Technology | 22.11% | ||
Real Estate | 1.27% | ||
Repurchase Agreement | 4.23% | ||
Money Market Fund(a) | 5.13% | ||
Time Deposit(a) | 0.57% | ||
Total | 100.00% |
* | A sector may comprise several industries. |
(a) | Securities were purchased with the cash collateral from loaned securities. |
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Investments in Underlying Funds (unaudited)(continued)
Lord Abbett Research Fund, Inc. – Small Cap Value Fund
Ten Largest Holdings | % of Investments | ||
Bancorp, Inc. (The) | 3.61% | ||
Hillenbrand, Inc. | 2.55% | ||
Spectrum Brands Holdings, Inc. | 2.43% | ||
Crane Co. | 2.17% | ||
BankUnited, Inc. | 2.07% | ||
Flagstar Bancorp, Inc. | 1.96% | ||
Sterling Bancorp | 1.83% | ||
Advanced Energy Industries, Inc. | 1.83% | ||
Bank of Hawaii Corp. | 1.78% | ||
TCF Financial Corp. | 1.76% | ||
Holdings by Sector* | % of Investments | ||
Communication Services | 1.09% | ||
Consumer Discretionary | 11.41% | ||
Consumer Staples | 3.84% | ||
Energy | 4.61% | ||
Financials | 25.87% | ||
Health Care | 4.50% | ||
Industrials | 21.19% | ||
Information Technology | 9.82% | ||
Materials | 6.38% | ||
Real Estate | 9.46% | ||
Utilities | 1.83% | ||
Total | 100.00% | ||
* A sector may comprise several industries. | |||
Value Opportunities Fund | |||
Ten Largest Holdings | % of Investments | ||
Entegris, Inc. | 2.20% | ||
Charles River Laboratories International, Inc. | 2.03% | ||
TechTarget, Inc. | 2.02% | ||
Euronet Worldwide, Inc. | 1.93% | ||
Discover Financial Services | 1.81% | ||
East West Bancorp, Inc. | 1.80% | ||
STERIS plc | 1.77% | ||
Western Alliance Bancorp | 1.76% | ||
PerkinElmer, Inc. | 1.75% | ||
Crane Co. | 1.73% |
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Investments in Underlying Funds (unaudited)(concluded)
Holdings by Sector* | % of Investments | ||
Consumer Discretionary | 14.48% | ||
Consumer Non-Cyclical | 0.67% | ||
Consumer Staples | 1.45% | ||
Energy | 2.24% | ||
Financials | 13.69% | ||
Health Care | 15.41% | ||
Industrials | 17.13% | ||
Information Technology | 18.24% | ||
Materials | 7.86% | ||
Real Estate | 5.80% | ||
Utilities | 2.07% | ||
Repurchase Agreement | 0.96% | ||
Total | 100.00% |
* | A sector may comprise several industries. |
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QPHR-SET-1Q
(03/21)