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This Aggressive Small-Growth Fund Is a Top Pick

Silver-rated Lord Abbett Developing Growth pursues an aggressive strategy, but its performance ranks in the top decile of the small-growth category and its expenses are low.


David Kathman: Lord Abbett Developing Growth (LAGWX) is a small-growth fund with a fairly aggressive strategy and high turnover. Normally, we tend to be fairly skeptical of funds like that; but in this case, Tom O'Halloran, who has been the lead manager since 2003, has compiled a really strong track record.

He tends to avoid the riskiest small-cap stocks, and even though the fund has had a tough time in down markets like 2008, it has always bounced back really strongly from those periods. The long-term track record is extremely strong, ranking in the top decile of the small-growth category.

David Kathman does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.