Lord Abbett Micro Cap Growth Fund
LMIYX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 90 Hudson Street Jersey City NJ United States of America 07302
- IPO Date
- Jul 9, 1999
- CIK
- 0000898031
- Website
- lordabbett.com
- Similar Companies
- Business
- Lord Abbett Micro Cap Growth Fund (LMIYX) is an open-end mutual fund that seeks long-term growth of capital by investing primarily in equity securities of micro-cap and small-cap U.S. companies exhibiting higher growth potential than the broader economy; it employs fundamental analysis to select stocks across sectors including health care, industrials, information technology, and energy, with top holdings such as Argan Inc., Adaptive Biotechnologies Corp., Tarsus Pharmaceuticals Inc., Centrus Energy Corp., and Applied Digital Corp. as of late 2025. The fund maintains a diversified portfolio of approximately 73 holdings, a weighted average market capitalization of $3.6 billion, P/E ratio of 34.7x, and P/B ratio of 7.3x, with total net assets of $203.56 million as of November 2025; Class I shares carry a net expense ratio of 1.13% and a minimum initial investment of $1,000,000 for eligible institutional investors. Launched on July 9, 1999, as part of Lord, Abbett & Co. LLC offerings, the fund operates within the small-cap growth category and benchmarks against the Russell Microcap Growth Index. Lord Abbett Micro Cap Growth Fund targets growth-oriented investors, including institutional clients and financial intermediaries, through share classes such as Class I (LMIYX) for high-minimum purchases and Class A (LAMGX) with front-end sales charges up to 5.75%; dividends are distributed annually, with recent payouts minimal at $0.00190 YTD as of December 2025. Geographically, the portfolio focuses on U.S. equities (93.88%) with minor non-U.S. exposure (6.12%), managed from Lord Abbett's headquarters in Jersey City, New Jersey, where the firm--founded in 1929--oversees a broad range of equity, fixed income, and alternative strategies across global offices. Recent developments at parent firm Lord, Abbett & Co. LLC include a strategic investment in fintech platform IMTC's $12 million Series A funding round in December 2025 to enhance fixed income portfolio management and scalability for separately managed accounts; a partnership with IMTC announced in November 2024 to optimize fixed income SMA operations in the wealth channel; and a June 2024 joint venture with Stifel Financial Corp. to launch SBLA Private Credit, targeting leveraged loans to small- and mid-sized private equity-backed companies. In September 2025, Lord Abbett elevated three new Partners and four Senior Managing Directors, bolstering leadership in sales, international equity, and technology; the firm also expanded its custom active platform via partnerships with managers like Columbia Threadneedle and PGIM in early 2025. These initiatives reflect Lord Abbett's focus on technological integration, private credit expansion, and talent reinforcement amid managing approximately $244 billion in assets.