# EDGAR Filing Document

**Accession Number:** 0000887194
**File Stem:** 0000930413-25-002384
**Filing Date:** 2025-8
**Character Count:** 244669
**Document Hash:** 488e3b12abfdba1bcccba5fa39daf7fe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000930413-25-002384.hdr.sgml**: 20250805

**ACCESSION NUMBER**: 0000930413-25-002384

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 18

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250805

**DATE AS OF CHANGE**: 20250805

**EFFECTIVENESS DATE**: 20250805

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** LORD ABBETT RESEARCH FUND INC
- **CENTRAL INDEX KEY:** 0000887194

**ORGANIZATION NAME:**
- **EIN:** 136995863
- **STATE OF INCORPORATION:** MD
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** N-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-06650
- **FILM NUMBER:** 251183588

**BUSINESS ADDRESS:**
- **STREET 1:** 30 HUDSON STREET
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302
- **BUSINESS PHONE:** 201-827-2000

**MAIL ADDRESS:**
- **STREET 1:** 30 HUDSON STREET
- **CITY:** JERSEY CITY
- **STATE:** NJ
- **ZIP:** 07302

## Series and Classes Contracts Data

### Lord Abbett Dividend Growth Fund (Series ID: S000006998)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000019088 | Class A      | LAMAX           |
| C000019090 | Class C      | LAMCX           |
| C000019091 | Class P      | LAMPX           |
| C000019092 | Class I      | LAMYX           |
| C000054712 | Class F      | LAMFX           |
| C000054713 | Class R2     | LAMQX           |
| C000054714 | Class R3     | LAMRX           |
| C000156653 | Class R4     | LAMSX           |
| C000156654 | Class R5     | LAMTX           |
| C000156655 | Class R6     | LAMHX           |
| C000188280 | Class F3     | LRMAX           |

### Lord Abbett Growth Opportunities Fund (Series ID: S000006999)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000019093 | Class A      | LMGAX           |
| C000019095 | Class C      | LMGCX           |
| C000019096 | Class P      | LGOPX           |
| C000019097 | Class I      | LMGYX           |
| C000054715 | Class F      | LGOFX           |
| C000054716 | Class R2     | LGOQX           |
| C000054717 | Class R3     | LGORX           |
| C000156656 | Class R4     | LGOSX           |
| C000156657 | Class R5     | LGOTX           |
| C000156658 | Class R6     | LGOVX           |
| C000188282 | Class F3     | LOMGX           |

### Small-Cap Value Series (Series ID: S000007001)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000019103 | Class A      | LRSCX           |
| C000019105 | Class C      | LSRCX           |
| C000019106 | Class P      | LRSPX           |
| C000019107 | Class I      | LRSYX           |
| C000054721 | Class F      | LRSFX           |
| C000054722 | Class R2     | LRSQX           |
| C000054723 | Class R3     | LRSRX           |
| C000156659 | Class R4     | LRSSX           |
| C000156660 | Class R5     | LRSTX           |
| C000156661 | Class R6     | LRSVX           |
| C000188284 | Class F3     | LRSOX           |

?xml version='1.0' encoding='ASCII'?

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

**Washington, D.C. 20549**

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act File Number: 811-06650

**LORD ABBETT RESEARCH FUND, INC.** (Exact name of Registrant as specified in charter)

<u>30 Hudson Street, Jersey City, New Jersey 07302-4804</u> (Address of principal executive offices) (Zip code)

Randolph A. Stuzin, Esq.

Vice President and Assistant Secretary

<u>30 Hudson Street, Jersey City, New Jersey 07302-4804</u> (Name and address of agent for service)

Registrant's telephone number, including area code: (888) 522-2388

Date of fiscal year end: 11/30

Date of reporting period: 5/31/2025

Item 1: Report(s) to Shareholders.

![Image](ia2544616b04e349b328598e6.jpg)

#### Class A

#### LAMAX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class A | $44 | 0.89% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-573-A

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class C

#### LAMCX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class C | $81 | 1.64% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-575-C

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class F

#### LAMFX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class F | $31 | 0.64% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-1020-F

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class F3

#### LRMAX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class F3 | $29 | 0.58% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8953-F3

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class I

#### LAMYX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class I | $31 | 0.64% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-577-I

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class P

#### LAMPX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class P | $54 | 1.09% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-576-P

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R2

#### LAMQX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R2 | $61 | 1.24% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-1090-R2

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R3

#### LAMRX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R3 | $56 | 1.14% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-2064-R3

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R4

#### LAMSX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R4 | $44 | 0.89% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8715-R4

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R5

#### LAMTX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R5 | $31 | 0.64% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8747-R5

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R6

#### LAMHX

# Lord Abbett Dividend Growth Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Dividend Growth Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R6 | $29 | 0.58% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $4214173800 |
| # of Portfolio Holdings | 55 |
| Portfolio Turnover Rate | 21% |
| Total Advisory Fees Paid | $10797636 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Consumer Discretionary | 6.06% |
| Consumer Staples | 9.42% |
| Energy | 4.66% |
| Financials | 20.63% |
| Health Care | 10.41% |
| Industrials | 7.62% |
| Information Technology | 30.17% |
| Materials | 5.43% |
| Utilities | 4.04% |
| Repurchase Agreements | 1.56% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8779-R6

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class A

#### LMGAX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class A | $47 | 0.96% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-260-A

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class C

#### LMGCX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class C | $84 | 1.71% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-680-C

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class F

#### LGOFX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class F | $40 | 0.81% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-1021-F

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class F3

#### LOMGX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class F3 | $30 | 0.62% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8957-F3

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class I

#### LMGYX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class I | $35 | 0.71% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-692-I

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class P

#### LGOPX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class P | $57 | 1.16% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-606-P

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R2

#### LGOQX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R2 | $64 | 1.31% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-1091-R2

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R3

#### LGORX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R3 | $59 | 1.21% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-2065-R3

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R4

#### LGOSX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R4 | $47 | 0.96% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8716-R4

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R5

#### LGOTX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R5 | $35 | 0.71% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8748-R5

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R6

#### LGOVX

# Lord Abbett Growth Opportunities Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Growth Opportunities Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R6 | $30 | 0.62% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $591241825 |
| # of Portfolio Holdings | 67 |
| Portfolio Turnover Rate | 54% |
| Total Advisory Fees Paid | $1313468 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 11.24% |
| Consumer Discretionary | 15.45% |
| Consumer Staples | 1.74% |
| Energy | 0.89% |
| Financials | 11.14% |
| Health Care | 8.67% |
| Industrials | 15.80% |
| Information Technology | 30.70% |
| Repurchase Agreements | 4.37% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8780-R6

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class A

#### LRSCX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class A | $56 | 1.22% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-261-A

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class C

#### LSRCX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class C | $90 | 1.97% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-674-C

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class F

#### LRSFX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class F | $49 | 1.07% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-1023-F

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class F3

#### LRSOX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class F3 | $41 | 0.89% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8960-F3

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class I

#### LRSYX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class I | $44 | 0.97% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-687-I

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class P

#### LRSPX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class P | $65 | 1.42% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-605-P

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R2

#### LRSQX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R2 | $72 | 1.57% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-1093-R2

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R3

#### LRSRX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R3 | $67 | 1.47% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-2067-R3

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R4

#### LRSSX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R4 | $56 | 1.22% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8717-R4

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R5

#### LRSTX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R5 | $44 | 0.97% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8749-R5

#### 07/25
![Image](ia2544616b04e349b328598e6.jpg)

#### Class R6

#### LRSVX

# Lord Abbett Small Cap Value Fund

#### Semi-Annual Shareholder Report

#### May 31, 2025

#### lordabbett.com/FundDocuments
This semi-annual shareholder report contains important information about the Lord Abbett Small Cap Value Fund for the period of December 1, 2024 to May 31, 2025. You can find additional information about the Fund at lordabbett.com/FundDocuments. You can also request this information by contacting us at 888-522-2388. **This report describes changes to the Fund that occurred during the reporting period.**

## **What were the Fund costs for the last period?** 

## *(based on a hypothetical $10,000 investment)* 

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000 investment** | **Costs paid as a percentage of a $10,000 investment** |
| Class R6 | $41 | 0.89% |

---

## **Key Fund Statistics** 
(as of *May 31, 2025*)

---

| | |
|:---|:---|
| Total Net Assets | $350260351 |
| # of Portfolio Holdings | 62 |
| Portfolio Turnover Rate | 37% |
| Total Advisory Fees Paid | $1395210 |

---

## **What did the Fund invest in?** 
(as of May 31, 2025)

---

| | |
|:---|:---|
| **Portfolio Holdings Presented by Sector<sup>Footnote Reference\*</sup>** | **% <sup>Footnote Reference\*\*</sup>** |
| Communication Services | 2.81% |
| Consumer Discretionary | 4.77% |
| Consumer Staples | 4.26% |
| Energy | 6.55% |
| Financials | 27.31% |
| Health Care | 5.25% |
| Industrials | 20.81% |
| Information Technology | 15.27% |
| Materials | 4.30% |
| Real Estate | 5.63% |
| Utilities | 1.89% |
| Repurchase Agreements | 1.15% |
| Total | **100.00%** |

---

---

| | |
|:---|:---|
| Footnote | Description |
| &nbsp;&nbsp;Footnote\* | &nbsp;&nbsp;A sector may comprise several industries. |
| &nbsp;&nbsp;Footnote\*\* | &nbsp;&nbsp;Represents percent of total investments, which excludes derivatives. |

---

## **Summary of Fund Changes** 
This is a summary of certain changes to the Fund that occurred during the reporting period, except as otherwise noted. For more information contact 888-522-2388.

As of February 10, 2025, the Fund may invest up to 20% of its net assets in securities of foreign companies, including emerging market companies, American Depositary Receipts, Global Depositary Receipts, and other similar depositary receipts.

**Where can I find additional information about the Fund?** 

For additional information about the Fund, including its Prospectus, Statement of Additional Information, financial statements, holdings and proxy information, please visit lordabbett.com/FundDocuments.

#### TSR-SA-8781-R6

#### 07/25
Item 1(b): Not applicable.

Item 2: Code of Ethics.

Not applicable.

---

| | |
|:---|:---|
| **Item 3:** | **Audit Committee Financial Expert.** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 4:** | **Principal Accountant Fees and Services.** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 5:** | **Audit Committee of Listed Registrants.** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 6:** | **Investments.** |

---

The Registrant's "Schedule I - Investments in securities of unaffiliated issuers" as of the close of the reporting period is included under Item 7 of this Form N-CSR.

---

| | |
|:---|:---|
| **Item 7:** | **Financial Statements and Financial Highlights for Open-End Management Investment Companies.** |

---

---

| | |
|:---|:---|
| **Item 8:** | **Changes in and Disagreements with Accountants for Open-End Management Investment Companies.** |

---

---

| | |
|:---|:---|
| **Item 9:** | **Proxy Disclosures for Open-End Management Investment Companies.** |

---

---

| | |
|:---|:---|
| **Item 10:** | **Remuneration Paid to Directors, Officers, and Others for Open-End Management Investment Companies.** |

---

---

| | |
|:---|:---|
| **Item 11:** | **Statement Regarding Basis for Approval of Investment Advisory Contract.** |

---

![](x6_c112800x1x1m4.jpg)

LORD ABBETT

FINANCIAL STATEMENTS

AND OTHER IMPORTANT

INFORMATION

Lord Abbett

Dividend Growth Fund

Growth Opportunities Fund

Small Cap Value Fund

*For the six-month period ended May 31, 2025*

**Table of Contents**

---

| | |
|:---|:---|
|  | [**Schedules of Investments (Item 7)**](#xx6xc112800a001xm4) |
| 1 | [Dividend Growth Fund](#xx6xc112800a002xm4) |
| 4 | [Growth Opportunities Fund](#xx6xc112800a003xm4) |
| 7 | [Small Cap Value Fund](#xx6xc112800a004xm4) |
| 10 | [**Statements of Assets and Liabilities (Item 7)**](#xx6xc112800a005xm4) |
| 12 | [**Statements of Operations (Item 7)**](#xx6xc112800a006xm4) |
| 14 | [**Statements of Changes in Net Assets (Item 7)**](#xx6xc112800a007xm4) |
| 16 | [**Financial Highlights (Item 7)**](#xx6xc112800a008xm4) |
| 28 | [**Notes to Financial Statements (Item 7)**](#xx6xc112800a009xm4) |
| 42 | [**Changes in and Disagreements with Accountants (Item 8)**](#xx6xc112800a010xm4) |
| 42 | [**Proxy Disclosures (Item 9)**](#xx6xc112800a011xm4) |
| 42 | [**Remuneration Paid to Directors, Officers, and Others (Item 10)**](#xx6xc112800a012xm4) |
| 42 | [**Statement Regarding Basis for Approval of Investment Advisory Contract (Item 11)**](#xx6xc112800a013xm4) |

---

**Schedule of Investments (unaudited)**

DIVIDEND GROWTH FUND *May 31, 2025*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **LONG-TERM INVESTMENTS 98.36%** | **LONG-TERM INVESTMENTS 98.36%** |  |
| **COMMON STOCKS 98.36%** |  |  |
| **Aerospace & Defense 1.23%** |  |  |
| Northrop Grumman Corp. | 106769 | $51758408 |
| **Banks 6.40%** |  |  |
| Bank of America Corp. | 1500699 | 66225847 |
| JPMorgan Chase & Co. | 527906 | 139367184 |
| Wells Fargo & Co. | 855169 | 63949538 |
| *Total* |  | 269542569 |
| **Beverages 1.80%** |  |  |
| Coca-Cola Co. | 1051068 | 75782003 |
| **Biotechnology 1.50%** |  |  |
| AbbVie, Inc. | 338745 | 63043832 |
| **Building Products 0.79%** |  |  |
| Allegion PLC (Ireland)<sup>(a)</sup> | 232391 | 33162196 |
| **Capital Markets 7.62%** |  |  |
| Ameriprise Financial, Inc. | 59961 | 30534540 |
| ARES Management Corp. Class A | 202505 | 33514577 |
| Charles Schwab Corp. | 1199855 | 105995191 |
| Morgan Stanley | 674513 | 86357899 |
| S&P Global, Inc. | 125944 | 64591640 |
| *Total* |  | 320993847 |
| **Chemicals 2.79%** |  |  |
| Linde PLC | 151538 | 70856138 |
| Sherwin-Williams Co. | 130445 | 46804970 |
| *Total* |  | 117661108 |
| **Commercial Services & Supplies 0.52%** | **Commercial Services & Supplies 0.52%** |  |
| Cintas Corp. | 96131 | 21773672 |
| **Construction Materials 1.90%** |  |  |
| CRH PLC | 879017 | 80131190 |
| **Consumer Staples Distribution & Retail 4.40%** | **Consumer Staples Distribution & Retail 4.40%** |  |
| Costco Wholesale Corp. | 61245 | 63705824 |
| Walmart, Inc. | 1232578 | 121680100 |
| *Total* |  | 185385924 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Distributors 0.46%** |  |  |
| Pool Corp. | 63860 | $19195677 |
| **Electric: Utilities 2.54%** |  |  |
| Entergy Corp. | 699588 | 58261689 |
| NextEra Energy, Inc. | 692152 | 48893617 |
| *Total* |  | 107155306 |
| **Financial Services 2.70%** |  |  |
| Mastercard, Inc. Class A | 194442 | 113865235 |
| **Ground Transportation 1.27%** |  |  |
| Old Dominion Freight Line, Inc. | 334990 | 53655348 |
| **Health Care Equipment & Supplies 3.81%** | **Health Care Equipment & Supplies 3.81%** |  |
| Abbott Laboratories | 736205 | 98342264 |
| Stryker Corp. | 162648 | 62235631 |
| *Total* |  | 160577895 |
| **Health Care Providers & Services 0.55%** | **Health Care Providers & Services 0.55%** |  |
| UnitedHealth Group, Inc. | 76956 | 23233786 |
| **Hotels, Restaurants & Leisure 1.45%** | **Hotels, Restaurants & Leisure 1.45%** |  |
| McDonald's Corp. | 194796 | 61136725 |
| **Information Technology Services 1.08%** | **Information Technology Services 1.08%** |  |
| Accenture PLC Class A (Ireland)<sup>(a)</sup> | 143709 | 45529885 |
| **Insurance 3.90%** |  |  |
| Arthur J Gallagher & Co. | 281121 | 97672680 |
| Chubb Ltd. (Switzerland)<sup>(a)</sup> | 224370 | 66682764 |
| *Total* |  | 164355444 |
| **Life Sciences Tools & Services 0.74%** | **Life Sciences Tools & Services 0.74%** |  |
| Danaher Corp. | 163095 | 30971740 |
| **Machinery 2.14%** |  |  |
| Parker-Hannifin Corp. | 135527 | 90084797 |
| **Metals & Mining 0.73%** |  |  |
| Steel Dynamics, Inc. | 251257 | 30922199 |
| **Multi-Utilities 1.49%** |  |  |
| CMS Energy Corp. | 893490 | 62749803 |

---

*See Notes to Financial Statements.* 1

**Schedule of Investments (unaudited)(continued)**

DIVIDEND GROWTH FUND *May 31, 2025*

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Oil, Gas & Consumable Fuels 4.65%** | **Oil, Gas & Consumable Fuels 4.65%** |  |  |
| Enbridge, Inc. (Canada)<sup>(a)</sup> | 1879994 | $| 87382121 |
| Exxon Mobil Corp. | 1063114 |  | 108756562 |
| *Total* |  |  | 196138683 |
| **Pharmaceuticals 3.81%** |  |  |  |
| Eli Lilly & Co. | 103636 |  | 76449168 |
| Johnson & Johnson | 541201 |  | 83999807 |
| *Total* |  |  | 160448975 |
| **Professional Services 0.74%** |  |  |  |
| Verisk Analytics, Inc. | 99921 |  | 31389183 |
| **Semiconductors & Semiconductor Equipment 13.89%** | **Semiconductors & Semiconductor Equipment 13.89%** | **Semiconductors & Semiconductor Equipment 13.89%** | **Semiconductors & Semiconductor Equipment 13.89%** |
| Analog Devices, Inc. | 277803 |  | 59444286 |
| Broadcom, Inc. | 774517 |  | 187487330 |
| Lam Research Corp. | 731430 |  | 59092230 |
| NVIDIA Corp. | 1521272 |  | 205569485 |
| Taiwan Semiconductor Manufacturing Co. Ltd. ADR | 382414 |  | 73928275 |
| *Total* |  |  | 585521606 |
| **Software 12.22%** |  |  |  |
| Microsoft Corp. | 791566 |  | 364405324 |
| Oracle Corp. | 354037 |  | 58603744 |
| Roper Technologies, Inc. | 87221 |  | 49739520 |
| SAP SE ADR | 139434 |  | 42228981 |
| *Total* |  |  | 514977569 |
| **Specialty Retail 4.15%** |  |  |  |
| Home Depot, Inc. | 107778 |  | 39693560 |
| Lowe's Cos., Inc. | 243628 |  | 54994148 |
| TJX Cos., Inc. | 633315 |  | 80367674 |
| *Total* |  |  | 175055382 |
| **Technology Hardware, Storage & Peripherals 2.95%** | **Technology Hardware, Storage & Peripherals 2.95%** | **Technology Hardware, Storage & Peripherals 2.95%** | **Technology Hardware, Storage & Peripherals 2.95%** |
| Apple, Inc. | 619395 |  | 124405486 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Tobacco 3.21%** |  |  |
| Philip Morris International, Inc. | 749952 | $135433832 |
| **Trading Companies & Distributors 0.93%** | **Trading Companies & Distributors 0.93%** |  |
| Watsco, Inc. | 88491 | 39251953 |
| *Total Common Stocks*<br> (cost $2,691,095,528) |  | 4145291258 |
|  | **Principal**<br> **Amount** |  |
| **SHORT-TERM INVESTMENTS 1.56%** | **SHORT-TERM INVESTMENTS 1.56%** |  |
| **Repurchase Agreements 1.56%** | **Repurchase Agreements 1.56%** |  |
| Repurchase Agreement dated 5/30/2025, 4.000% due 6/2/2025 with Fixed Income Clearing Corp. collateralized by $68,860,000 of U.S. Treasury Note at 1.625% due 11/30/2026; value: $67,006,386; proceeds: $65,714,291<br> (cost $65,692,393) | $65692393 | 65692393 |
| *Total Investments in Securities 99.92%*<br>(cost $2,756,787,921) | *Total Investments in Securities 99.92%*<br>(cost $2,756,787,921) | 4210983651 |
| *Other Assets and Liabilities – Net 0.08%* | *Other Assets and Liabilities – Net 0.08%* | 3190149 |
| *Net Assets 100.00%* |  | $4214173800 |

---

ADR American Depositary Receipt. <br> <sup>(a)</sup> Foreign security traded in U.S. dollars.

2 *See Notes to Financial Statements.*

**Schedule of Investments (unaudited)(concluded)**

DIVIDEND GROWTH FUND *May 31, 2025*

The following is a summary of the inputs used as of May 31, 2025 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $4145291258 | $– | $– | $4145291258 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 65692393 | – | 65692393 |
| Total | $4145291258 | $65692393 | $– | $4210983651 |

---

<sup>(1)</sup> Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> 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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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 Financial Statements.* 3

**Schedule of Investments (unaudited)**

GROWTH OPPORTUNITIES FUND *May 31, 2025*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **LONG-TERM INVESTMENTS 95.69%** |  |  |
| **COMMON STOCKS 95.69%** |  |  |
| **Aerospace & Defense 7.52%** |  |  |
| Axon Enterprise, Inc.\* | 30472 | $22864970 |
| Curtiss-Wright Corp. | 7338 | 3229527 |
| Howmet Aerospace, Inc. | 46747 | 7941848 |
| Loar Holdings, Inc.\* | 44752 | 3895661 |
| TransDigm Group, Inc. | 4455 | 6541856 |
| *Total* |  | 44473862 |
| **Biotechnology 3.42%** |  |  |
| Argenx SE ADR\* | 7601 | 4357349 |
| Insmed, Inc.\* | 76525 | 5336088 |
| Natera, Inc.\* | 66584 | 10502295 |
| *Total* |  | 20195732 |
| **Broadline Retail 1.61%** |  |  |
| MercadoLibre, Inc. (Uruguay)\*<sup>(a)</sup> | 3724 | 9545692 |
| **Building Products 0.77%** |  |  |
| Trane Technologies PLC (Ireland)<sup>(a)</sup> | 10550 | 4539348 |
| **Capital Markets 7.95%** |  |  |
| ARES Management Corp. Class A | 37263 | 6167026 |
| Coinbase Global, Inc. Class A\* | 19350 | 4772097 |
| Evercore, Inc. Class A | 19518 | 4518222 |
| Interactive Brokers Group, Inc. Class A | 29426 | 6170044 |
| Piper Sandler Cos. | 11671 | 2934673 |
| Raymond James Financial, Inc. | 35901 | 5276729 |
| Robinhood Markets, Inc. Class A\* | 127837 | 8456418 |
| Tradeweb Markets, Inc. Class A | 60241 | 8701812 |
| *Total* |  | 46997021 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Construction & Engineering 5.40%** |  |  |
| Comfort Systems USA, Inc. | 21262 | $10168126 |
| EMCOR Group, Inc. | 20262 | 9560827 |
| MasTec, Inc.\* | 38707 | 6035583 |
| Quanta Services, Inc. | 17999 | 6165738 |
| *Total* |  | 31930274 |
| **Consumer Staples Distribution & Retail 1.74%** | **Consumer Staples Distribution & Retail 1.74%** |  |
| BJ's Wholesale Club Holdings, Inc.\* | 38226 | 4327566 |
| Maplebear, Inc.\* | 130354 | 5953267 |
| *Total* |  | 10280833 |
| **Diversified Consumer Services 3.60%** | **Diversified Consumer Services 3.60%** |  |
| Duolingo, Inc.\* | 26830 | 13941136 |
| Stride, Inc.\* | 48449 | 7334694 |
| *Total* |  | 21275830 |
| **Electrical Equipment 1.39%** |  |  |
| Vertiv Holdings Co. Class A | 76261 | 8230850 |
| **Entertainment 9.40%** |  |  |
| Liberty Media Corp.- Liberty Formula One Class A\* | 52251 | 4604358 |
| Live Nation Entertainment, Inc.\* | 64818 | 8892382 |
| Sea Ltd. ADR\* | 82747 | 13270136 |
| Spotify Technology SA (Sweden)\*<sup>(a)</sup> | 24335 | 16186182 |
| Take-Two Interactive Software, Inc.\* | 28186 | 6377928 |
| TKO Group Holdings, Inc. | 39509 | 6234915 |
| *Total* |  | 55565901 |
| **Financial Services 3.20%** |  |  |
| Affirm Holdings, Inc.\* | 134344 | 6972454 |
| Toast, Inc. Class A\* | 283370 | 11952546 |
| *Total* |  | 18925000 |

---

4 See Notes to Financial Statements.

**Schedule of Investments (unaudited)(continued)**

GROWTH OPPORTUNITIES FUND *May 31, 2025*

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Health Care Equipment & Supplies 3.27%** | **Health Care Equipment & Supplies 3.27%** |  |  |
| Insulet Corp.\* | 42827 | $| 13920060 |
| Penumbra, Inc.\* | 20246 |  | 5405074 |
| *Total* |  |  | 19325134 |
| **Health Care Technology 1.98%** |  |  |  |
| Doximity, Inc. Class A\* | 58969 |  | 3071695 |
| Veeva Systems, Inc. Class A\* | 30969 |  | 8662029 |
| *Total* |  |  | 11733724 |
| **Hotels, Restaurants & Leisure 4.57%** | **Hotels, Restaurants & Leisure 4.57%** |  |  |
| Cava Group, Inc.\* | 55121 |  | 4479684 |
| DoorDash, Inc. Class A\* | 70110 |  | 14628451 |
| Royal Caribbean Cruises Ltd. | 30701 |  | 7889236 |
| *Total* |  |  | 26997371 |
| **Information Technology Services 2.91%** | **Information Technology Services 2.91%** |  |  |
| Cloudflare, Inc. Class A\* | 103611 |  | 17188029 |
| **Interactive Media & Services 1.85%** |  |  |  |
| Reddit, Inc. Class A\* | 97362 |  | 10938621 |
| **Machinery 0.73%** |  |  |  |
| Crane Co. | 25232 |  | 4324765 |
| **Oil, Gas & Consumable Fuels 0.89%** |  |  |  |
| Cheniere Energy, Inc. | 22215 |  | 5264733 |
| **Semiconductors & Semiconductor Equipment 2.74%** | **Semiconductors & Semiconductor Equipment 2.74%** | **Semiconductors & Semiconductor Equipment 2.74%** | **Semiconductors & Semiconductor Equipment 2.74%** |
| Astera Labs, Inc.\* | 139499 |  | 12655349 |
| Nova Ltd. (Israel)\*<sup>(a)</sup> | 16659 |  | 3558696 |
| *Total* |  |  | 16214045 |
| **Software 24.45%** |  |  |  |
| AppLovin Corp. Class A\* | 57027 |  | 22411611 |
| Aurora Innovation, Inc.\* | 350932 |  | 2126648 |
| CyberArk Software Ltd. (Israel)\*<sup>(a)</sup> | 38500 |  | 14737030 |
| Docusign, Inc.\* | 76368 |  | 6766969 |
| Gitlab, Inc. Class A\* | 96142 |  | 4375422 |
| Guidewire Software, Inc.\* | 51415 |  | 11055253 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Software (continued)** |  |  |  |
| HubSpot, Inc.\* | 16767 | $| 9890853 |
| Klaviyo, Inc. Class A\* | 192711 |  | 6552174 |
| Monday.com Ltd. (Israel)\*<sup>(a)</sup> | 24963 |  | 7426243 |
| Nutanix, Inc. Class A\* | 73255 |  | 5617926 |
| Palantir Technologies, Inc. Class A\* | 305492 |  | 40257736 |
| Rubrik, Inc. Class A\* | 36158 |  | 3447665 |
| Samsara, Inc. Class A\* | 119019 |  | 5539144 |
| Tyler Technologies, Inc.\* | 7544 |  | 4352813 |
| *Total* |  |  | 144557487 |
| **Specialty Retail 4.57%** |  |  |  |
| Carvana Co.\* | 63124 |  | 20651648 |
| Chewy, Inc. Class A\* | 140294 |  | 6348303 |
| *Total* |  |  | 26999951 |
| **Technology Hardware, Storage & Peripherals 0.62%** | **Technology Hardware, Storage & Peripherals 0.62%** | **Technology Hardware, Storage & Peripherals 0.62%** | **Technology Hardware, Storage & Peripherals 0.62%** |
| Pure Storage, Inc. Class A\* | 68788 |  | 3686349 |
| **Textiles, Apparel & Luxury Goods 1.11%** | **Textiles, Apparel & Luxury Goods 1.11%** |  |  |
| On Holding AG Class A (Switzerland)\*<sup>(a)</sup> | 110792 |  | 6579937 |
| *Total Common Stocks*<br> (cost $385,204,003) |  |  | 565770489 |

---

*See Notes to Financial Statements.* 5

**Schedule of Investments (unaudited)(concluded)**

GROWTH OPPORTUNITIES FUND *May 31, 2025*

---

| | | |
|:---|:---|:---|
| **Investments** | **Principal<br> Amount** | **Fair<br> Value** |
| **SHORT-TERM INVESTMENTS 4.37%** | **SHORT-TERM INVESTMENTS 4.37%** |  |
| **Repurchase Agreements 4.37%** |  |  |
| Repurchase Agreement dated 5/30/2025, 4.000% due 6/2/2025 with Fixed Income Clearing Corp. collateralized by $27,062,000 of U.S. Treasury Note at 1.625% due 11/30/2026; value: $26,333,542; proceeds: $25,825,722<br> (cost $25,817,117) | $25817117 | $25817117 |
| *Total Investments in Securities 100.06%*<br> (cost $411,021,120) | *Total Investments in Securities 100.06%*<br> (cost $411,021,120) | 591587606 |
| *Other Assets and Liabilities – Net (0.06)%* | *Other Assets and Liabilities – Net (0.06)%* | (345781) |
| *Net Assets 100.00%* |  | $591241825 |

---

ADR American Depositary Receipt. <br> \* Non-income producing security. <br> <sup>(a)</sup> Foreign security traded in U.S. dollars.

The following is a summary of the inputs used as of May 31, 2025 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $565770489 | $– | $– | $565770489 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 25817117 | – | 25817117 |
| Total | $565770489 | $25817117 | $– | $591587606 |

---

<sup>(1)</sup> Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> 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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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 Financial Statements.*

**Schedule of Investments (unaudited)**

SMALL CAP VALUE FUND *May 31, 2025*

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **LONG-TERM INVESTMENTS 98.93%** |  |  |
| **COMMON STOCKS 98.93%** |  |  |
| **Aerospace & Defense 1.82%** |  |  |
| Leonardo DRS, Inc. | 150817 | $6379559 |
| **Air Freight & Logistics 0.59%** |  |  |
| Radiant Logistics, Inc.\* | 350717 | 2083259 |
| **Banks 17.08%** |  |  |
| Axos Financial, Inc.\* | 68599 | 4770374 |
| Bancorp, Inc.\* | 126455 | 6461851 |
| Bank of Hawaii Corp. | 67221 | 4470869 |
| First BanCorp | 390326 | 7798713 |
| Heritage Financial Corp. | 320618 | 7496049 |
| Prosperity Bancshares, Inc. | 110057 | 7665470 |
| Seacoast Banking Corp. of Florida | 208033 | 5373492 |
| Wintrust Financial Corp. | 69149 | 8257082 |
| WSFS Financial Corp. | 142158 | 7518737 |
| *Total* |  | 59812637 |
| **Building Products 1.58%** |  |  |
| Griffon Corp. | 80484 | 5533275 |
| **Capital Markets 3.40%** |  |  |
| Bridge Investment Group Holdings, Inc. Class A | 717499 | 6600991 |
| Moelis & Co. Class A | 93208 | 5323109 |
| *Total* |  | 11924100 |
| **Chemicals 4.31%** |  |  |
| Avient Corp. | 156690 | 5661210 |
| Element Solutions, Inc. | 228662 | 4888793 |
| HB Fuller Co. | 81211 | 4533198 |
| *Total* |  | 15083201 |
| **Commercial Services & Supplies 1.62%** | **Commercial Services & Supplies 1.62%** |  |
| Brady Corp. Class A | 81291 | 5671673 |
| **Construction & Engineering 4.15%** |  |  |
| Arcosa, Inc. | 66685 | 5752915 |
| Everus Construction Group, Inc.\* | 151745 | 8787553 |
| *Total* |  | 14540468 |

---

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Consumer Finance 1.71%** |  |  |  |
| FirstCash Holdings, Inc. | 46724 | $| 5976467 |
| **Consumer Staples Distribution & Retail 0.77%** |  |  |  |
| PriceSmart, Inc. | 25118 |  | 2712242 |
| **Electric: Utilities 1.89%** |  |  |  |
| IDACORP, Inc. | 55725 |  | 6628489 |
| **Electronic Equipment, Instruments & Components 10.28%** | **Electronic Equipment, Instruments & Components 10.28%** | **Electronic Equipment, Instruments & Components 10.28%** | **Electronic Equipment, Instruments & Components 10.28%** |
| Advanced Energy Industries, Inc. | 62348 |  | 7156303 |
| Belden, Inc. | 55140 |  | 5855868 |
| Crane NXT Co. | 83248 |  | 4462925 |
| Littelfuse, Inc. | 24469 |  | 5017613 |
| Mirion Technologies, Inc.\* | 354600 |  | 6772860 |
| Vishay Precision Group, Inc.\* | 262084 |  | 6740801 |
| *Total* |  |  | 36006370 |
| **Energy Equipment & Services 0.71%** | **Energy Equipment & Services 0.71%** |  |  |
| Liberty Energy, Inc. | 215601 |  | 2498816 |
| **Food Products 3.49%** |  |  |  |
| Lancaster Colony Corp. | 37521 |  | 6281015 |
| Simply Good Foods Co.\* | 172408 |  | 5949800 |
| *Total* |  |  | 12230815 |
| **Ground Transportation 1.50%** |  |  |  |
| Landstar System, Inc. | 38384 |  | 5267052 |
| **Health Care Equipment & Supplies 2.62%** | **Health Care Equipment & Supplies 2.62%** |  |  |
| Integer Holdings Corp.\* | 48176 |  | 5721382 |
| Integra LifeSciences Holdings Corp.\* | 274278 |  | 3472359 |
| *Total* |  |  | 9193741 |
| **Health Care Providers & Services 1.51%** | **Health Care Providers & Services 1.51%** |  |  |
| Addus HomeCare Corp.\* | 47729 |  | 5293623 |
| **Industrial REITS 1.57%** |  |  |  |
| STAG Industrial, Inc. | 154418 |  | 5494192 |

---

*See Notes to Financial Statements.* 7

**Schedule of Investments (unaudited)(continued)**

SMALL CAP VALUE FUND *May 31, 2025*

---

| | | | |
|:---|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** | **Fair<br> Value** |
| **Insurance 5.15%** |  |  |  |
| Kemper Corp. | 125021 | $| 7967588 |
| TWFG, Inc.\* | 89699 |  | 3140362 |
| White Mountains Insurance Group Ltd. | 3878 |  | 6921455 |
| *Total* |  |  | 18029405 |
| **Interactive Media & Services 1.23%** |  |  |  |
| Cars.com, Inc.\* | 419618 |  | 4301085 |
| **Leisure Products 3.57%** |  |  |  |
| Acushnet Holdings Corp. | 76982 |  | 5253252 |
| Brunswick Corp. | 105170 |  | 5323705 |
| YETI Holdings, Inc.\* | 62528 |  | 1910856 |
| *Total* |  |  | 12487813 |
| **Life Sciences Tools & Services 1.12%** | **Life Sciences Tools & Services 1.12%** |  |  |
| Azenta, Inc.\* | 146573 |  | 3916431 |
| **Machinery 4.01%** |  |  |  |
| Crane Co. | 29695 |  | 5089723 |
| Worthington Enterprises, Inc. | 151739 |  | 8938945 |
| *Total* |  |  | 14028668 |
| **Media 1.59%** |  |  |  |
| Criteo SA ADR\* | 218268 |  | 5557103 |
| **Oil, Gas & Consumable Fuels 5.85%** |  |  |  |
| Gulfport Energy Corp.\* | 31677 |  | 6066146 |
| MEG Energy Corp.<sup>(a)</sup> | 409210 |  | 7162330 |
| Northern Oil & Gas, Inc. | 272635 |  | 7246638 |
| *Total* |  |  | 20475114 |
| **Professional Services 2.10%** |  |  |  |
| Genpact Ltd. | 170689 |  | 7348161 |
| **Real Estate Management & Development 3.00%** | **Real Estate Management & Development 3.00%** | **Real Estate Management & Development 3.00%** | **Real Estate Management & Development 3.00%** |
| Cushman & Wakefield PLC\* | 685333 |  | 6873890 |
| Marcus & Millichap, Inc. | 126707 |  | 3650429 |
| *Total* |  |  | 10524319 |

---

---

| | | |
|:---|:---|:---|
| **Investments** | **Shares** | **Fair<br> Value** |
| **Retail REITS 1.06%** |  |  |
| Phillips Edison & Co., Inc. | 104481 | $3704896 |
| **Semiconductors & Semiconductor Equipment 3.35%** | **Semiconductors & Semiconductor Equipment 3.35%** | **Semiconductors & Semiconductor Equipment 3.35%** |
| Nova Ltd. (Israel)\*<sup>(b)</sup> | 17586 | 3756721 |
| Silicon Motion Technology Corp. ADR | 130079 | 7960835 |
| *Total* |  | 11717556 |
| **Software 1.65%** |  |  |
| Commvault Systems, Inc.\* | 31642 | 5795232 |
| **Textiles, Apparel & Luxury Goods 1.20%** | **Textiles, Apparel & Luxury Goods 1.20%** |  |
| Samsonite Group SA<sup>†(a)</sup> | 2242351 | 4214071 |
| **Trading Companies & Distributors 3.45%** | **Trading Companies & Distributors 3.45%** |  |
| GMS, Inc.\* | 70002 | 5301252 |
| MRC Global, Inc.\* | 546515 | 6782251 |
| *Total* |  | 12083503 |
| *Total Common Stocks*<br> (cost $322,166,944) |  | 346513336 |
|  | **Principal**<br> **Amount** |  |
| **SHORT-TERM INVESTMENTS 1.16%** | **SHORT-TERM INVESTMENTS 1.16%** |  |
| **Repurchase Agreements 1.16%** |  |  |
| Repurchase Agreement dated 5/30/2025, 4.000% due 6/2/2025 with Fixed Income Clearing Corp. collateralized by $4,033,700 of U.S. Treasury Note at 4.250% due 11/30/2026; value: $4,130,000; proceeds: $4,050,320<br> (cost $4,048,971) | $4048971 | 4048971 |
| *Total Investments in Securities 100.09%*<br> (cost $326,215,915) | *Total Investments in Securities 100.09%*<br> (cost $326,215,915) | 350562307 |
| *Other Assets and Liabilities – Net (0.09)%* | *Other Assets and Liabilities – Net (0.09)%* | (301956) |
| *Net Assets 100.00%* |  | $350260351 |

---

8 See Notes to Financial Statements.

**Schedule of Investments (unaudited)(concluded)**

SMALL CAP VALUE FUND *May 31, 2025*

---

| | |
|:---|:---|
| ADR | American Depositary Receipt. |
| REITS | Real Estate Investment Trusts. |
| <sup>\*</sup> | Non-income producing security. |
| <sup>†</sup> | 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 May 31, 2025, the total value of Rule 144A securities was $4,214,071, which represents 1.20% of net assets. |
| <sup>(a)</sup> | Investment in non-U.S. dollar denominated securities. |
| <sup>(b)</sup> | Foreign security traded in U.S. dollars. |

---

The following is a summary of the inputs used as of May 31, 2025 in valuing the Fund's investments carried at fair value<sup>(1)</sup>:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Investment Type**<sup>(2)</sup> | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Long-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Textiles, Apparel & Luxury Goods | $– | $4214071 | $– | $4214071 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remaining Industries | 342299265 |  |  | 342299265 |
| **Short-Term Investments** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Repurchase Agreements | – | 4048971 | – | 4048971 |
| Total | $342299265 | $8263042 | $– | $350562307 |

---

<sup>(1)</sup> Refer to Note 2(a) for a description of fair value measurements and the three-tier hierarchy of inputs.

<sup>(2)</sup> 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. When applicable, each Level 3 security is identified on the Schedule of Investments along with the valuation technique utilized.

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 Financial Statements.* 9

**Statements of Assets and Liabilities (unaudited)**

*May 31, 2025*

---

| | | | |
|:---|:---|:---|:---|
|  | **Dividend<br> Growth Fund** | **Growth<br> Opportunities<br> Fund** | **Small Cap<br> Value Fund** |
| **ASSETS:** | | | |
| Investments in securities, at cost | $2756787921 | $411021120 | $326215915 |
| Investments in securities, at fair value | $4210983651 | $591587606 | $350562307 |
| Cash | 53 |  | 2 |
| Receivables: |  |  |  |
| &nbsp;&nbsp;&nbsp;Interest and dividends | 5605530 | 45445 | 361037 |
| &nbsp;&nbsp;&nbsp;Capital shares sold | 2762110 | 405189 | 30313 |
| &nbsp;&nbsp;&nbsp;From advisor (See Note 3) | 5152 | 73363 |  |
| &nbsp;&nbsp;&nbsp;Securities lending income |  | 250 | 676 |
| Prepaid expenses and other assets | 90716 | 116025 | 73441 |
| **Total assets** | 4219447212 | 592227878 | 351027776 |
| **LIABILITIES:** |  |  |  |
| Payables: |  |  |  |
| &nbsp;&nbsp;&nbsp;Capital shares reacquired | 1931566 | 305587 | 137335 |
| &nbsp;&nbsp;&nbsp;Management fee | 1830757 | 312578 | 222456 |
| &nbsp;&nbsp;&nbsp;12b-1 distribution plan | 630112 | 93763 | 61034 |
| &nbsp;&nbsp;&nbsp;Directors' fees | 333897 | 81752 | 167173 |
| &nbsp;&nbsp;&nbsp;Fund administration | 141130 | 19236 | 11864 |
| Accrued expenses | 405950 | 173137 | 167563 |
| **Total liabilities** | 5273412 | 986053 | 767425 |
| **Commitments and contingent liabilities** | – | – | – |
| **NET ASSETS** | $4214173800 | $591241825 | $350260351 |
| **COMPOSITION OF NET ASSETS:** |  |  |  |
| Paid-in capital | $2617752273 | $423854395 | $307206076 |
| Total distributable earnings (loss) | 1596421527 | 167387430 | 43054275 |
| **Net Assets** | $4214173800 | $591241825 | $350260351 |

---

10 *See Notes to Financial Statements.*

**Statements of Assets and Liabilities (unaudited)(concluded)**

*May 31, 2025*

---

| | | | |
|:---|:---|:---|:---|
|  | **Dividend<br> Growth Fund** | **Growth<br> Opportunities<br> Fund** | **Small Cap<br> Value Fund** |
| **Net Assets by class:** |  |  |  |
| Class A Shares | $2630087067 | $376682371 | $162991039 |
| Class C Shares | $119514810 | $7367976 | $2183280 |
| Class F Shares | $58492029 | $4616523 | $2190074 |
| Class F3 Shares | $373355132 | $87835965 | $26754774 |
| Class I Shares | $988622945 | $87190691 | $138169580 |
| Class P Shares | $1120815 | $3129123 | $7752126 |
| Class R2 Shares | $1127235 | $430991 | $799931 |
| Class R3 Shares | $14419744 | $11544443 | $2634928 |
| Class R4 Shares | $4682492 | $1529521 | $473230 |
| Class R5 Shares | $872688 | $14253 | $267450 |
| Class R6 Shares | $21878843 | $10899968 | $6043939 |
| **Outstanding shares by class:** |  |  |  |
| Class A Shares (538.13, 198 and 378 million shares of common stock authorized, $.001 par value) | 114318879 | 14347544 | 11849078 |
| Class C Shares (40, 40 and 30 million shares of common stock authorized, $.001 par value) | 5297299 | 497051 | 1278737 |
| Class F Shares (144.38, 66 and 63 million shares of common stock authorized, $.001 par value) | 2518759 | 163603 | 156641 |
| Class F3 Shares (88.13, 66 and 63 million shares of common stock authorized, $.001 par value) | 15855416 | 2673675 | 1396302 |
| Class I Shares (144.38, 131 and 315 million shares of common stock authorized, $.001 par value) | 42362924 | 2688010 | 7306350 |
| Class P Shares (20, 20 and 50 million shares of common stock authorized, $.001 par value) | 48320 | 126105 | 629746 |
| Class R2 Shares (30, 30 and 30 million shares of common stock authorized, $.001 par value) | 48298 | 18276 | 67029 |
| Class R3 Shares (30, 43.5 and 82.75 million shares of common stock authorized, $.001 par value) | 631249 | 470134 | 212785 |
| Class R4 Shares (30, 43.5 and 82.75 million shares of common stock authorized, $.001 par value) | 203758 | 58256 | 34292 |
| Class R5 Shares (30, 43.5 and 82.75 million shares of common stock authorized, $.001 par value) | 37412 | 439 | 14117 |
| Class R6 Shares (30, 43.5 and 82.75 million shares of common stock authorized, $.001 par value) | 929478 | 331884 | 315559 |
| **Net Asset Value, offering and redemption price per share (Net assets divided by outstanding shares):\*** |  |  |  |
| Class A Shares-Net asset value | $23.01 | $26.25 | $13.76 |
| Class A Shares-Maximum offering price (Net asset value plus sales charge of 5.75%, 5.75% and 5.75%, respectively) | $24.41 | $27.85 | $14.60 |
| Class C Shares-Net asset value | $22.56 | $14.82 | $1.71 |
| Class F Shares-Net asset value | $23.22 | $28.22 | $13.98 |
| Class F3 Shares-Net asset value | $23.55 | $32.85 | $19.16 |
| Class I Shares-Net asset value | $23.34 | $32.44 | $18.91 |
| Class P Shares-Net asset value | $23.20 | $24.81 | $12.31 |
| Class R2 Shares-Net asset value | $23.34 | $23.58 | $11.93 |
| Class R3 Shares-Net asset value | $22.84 | $24.56 | $12.38 |
| Class R4 Shares-Net asset value | $22.98 | $26.26 | $13.80 |
| Class R5 Shares-Net asset value | $23.33 | $32.48 | $18.94 |
| Class R6 Shares-Net asset value | $23.54 | $32.84 | $19.15 |

---

\* Net asset value may not recalculate due to rounding of fractional shares.

*See Notes to Financial Statements.* 11

**Statements of Operations (unaudited)**

*For the Six Months Ended May 31, 2025*

---

| | | | |
|:---|:---|:---|:---|
|  | **Dividend<br> Growth Fund** | **Growth<br> Opportunities<br> Fund** | **Small Cap<br> Value Fund** |
| **Investment income:** |  |  |  |
| Dividends (net of foreign withholding taxes of $469,088, $0 and $21,739, respectively) | $32209674 | $445223 | $2450464 |
| Securities lending net income | 28 | 6071 | 666 |
| Interest and other | 791731 | 221054 | 59198 |
| **Total investment income** | 33001433 | 672348 | 2510328 |
| **Expenses:** |  |  |  |
| Management fee | 10797636 | 1730982 | 1395210 |
| 12b-1 distribution plan–Class A | 3272125 | 457865 | 221616 |
| 12b-1 distribution plan–Class C | 626462 | 37253 | 12905 |
| 12b-1 distribution plan–Class F | 31155 | 2221 | 1184 |
| 12b-1 distribution plan–Class P | 2543 | 6883 | 18682 |
| 12b-1 distribution plan–Class R2 | 3337 | 1201 | 2430 |
| 12b-1 distribution plan–Class R3 | 36113 | 27414 | 6081 |
| 12b-1 distribution plan–Class R4 | 6890 | 2140 | 619 |
| Shareholder servicing | 1103954 | 250888 | 159614 |
| Fund administration | 832594 | 106522 | 74411 |
| Registration | 99614 | 78015 | 73449 |
| Reports to shareholders | 99459 | 25691 | 15448 |
| Directors' fees | 73610 | 8970 | 6999 |
| Professional | 44480 | 27475 | 25067 |
| Custody | 19749 | 3738 | 3925 |
| Other | 79268 | 39103 | 33442 |
| Gross expenses | 17128989 | 2806361 | 2051082 |
| &nbsp;&nbsp;&nbsp;Fees waived and expenses reimbursed (See Note 3) | (50904) | (421252) | (3925) |
| **Net expenses** | 17078085 | 2385109 | 2047157 |
| **Net investment income (loss)** | 15923348 | (1712761) | 463171 |
| **Net realized and unrealized gain/(loss):** |  |  |  |
| Net realized gain/(loss) on investments | 150763976 | 11861366 | 19627120 |
| Net realized gain/(loss) on foreign currency related transactions | (11903) |  | (1528) |
| Net change in unrealized appreciation/(depreciation) on investments | (289588406) | (24386449) | (91975169) |
| Net change in unrealized appreciation/(depreciation) on translation of assets and liabilities denominated in foreign currencies | 38051 | 19 | – |
| **Net realized and unrealized gain/(loss)** | (138798282) | (12525064) | (72349577) |
| **Net Decrease in Net Assets Resulting From Operations** | $(122874934) | $(14237825) | $(71886406) |

---

12 *See Notes to Financial Statements.*

This page is intentionally left blank.

**Statements of Changes in Net Assets**

---

| | | |
|:---|:---|:---|
|  | **Dividend Growth Fund** | **Dividend Growth Fund** |
| **INCREASE (DECREASE) IN NET ASSETS** | **For the**<br> **Six Months Ended**<br> **May 31, 2025**<br> **(unaudited)** | **For the**<br> **Year Ended**<br> **November 30, 2024** |
| **Operations:** |  |  |
| Net investment income (loss) | $15923348 | $29347079 |
| Net realized gain/(loss) | 150752073 | 192913651 |
| Net change in unrealized appreciation/(depreciation) | (289550355) | 906848312 |
| **Net increase (decrease) in net assets resulting from operations** | (122874934) | 1129109042 |
| **Distributions to Shareholders** |  |  |
| &nbsp;&nbsp;&nbsp;Class A | (123706804) | (31254265) |
| &nbsp;&nbsp;&nbsp;Class C | (5847864) | (890764) |
| &nbsp;&nbsp;&nbsp;Class F | (2968082) | (910693) |
| &nbsp;&nbsp;&nbsp;Class F3 | (16973279) | (4806147) |
| &nbsp;&nbsp;&nbsp;Class I | (44539268) | (13007855) |
| &nbsp;&nbsp;&nbsp;Class P | (50234) | (10190) |
| &nbsp;&nbsp;&nbsp;Class R2 | (49862) | (13395) |
| &nbsp;&nbsp;&nbsp;Class R3 | (678721) | (154545) |
| &nbsp;&nbsp;&nbsp;Class R4 | (280837) | (89718) |
| &nbsp;&nbsp;&nbsp;Class R5 | (13949) | (4794) |
| &nbsp;&nbsp;&nbsp;Class R6 | (961946) | (261539) |
| **Total distribution to shareholders** | (196070846) | (51403905) |
| **Capital share transactions (See Note 12):** |  |  |
| Net proceeds from sales of shares | 311028707 | 472381040 |
| Reinvestment of distributions | 187582978 | 49101000 |
| Cost of shares reacquired | (383319610) | (811677636) |
| **Net increase (decrease) in net assets resulting from capital share transactions** | 115292075 | (290195596) |
| **Net increase (decrease) in net assets** | (203653705) | 787509541 |
| **NET ASSETS:** |  |  |
| Beginning of period | $4417827505 | $3630317964 |
| **End of period** | $4214173800 | $4417827505 |

---

14 *See Notes to Financial Statements.*

---

| | | | |
|:---|:---|:---|:---|
| **Growth Opportunities Fund** | **Growth Opportunities Fund** | **Small Cap Value Fund** | **Small Cap Value Fund** |
| **For the<br> Six Months Ended<br> May 31, 2025<br> (unaudited)** | **For the<br> Year Ended<br> November 30, 2024** | **For the<br> Six Months Ended<br> May 31, 2025<br> (unaudited)** | **For the<br> Year Ended<br> November 30, 2024** |
| $(1712761) | $(2864889) | $463171 | $905380 |
| 11861366 | 69571904 | 19625592 | 38687862 |
| (24386430) | 117564306 | (91975169) | 79891461 |
| (14237825) | 184271321 | (71886406) | 119484703 |
|  |  | (19323618) | (233061) |
|  |  | (1429342) | (27671) |
|  |  | (254976) | (7213) |
|  |  | (2318706) | (83678) |
|  |  | (11505336) | (395798) |
|  |  | (1009683) |  |
|  |  | (97134) |  |
|  |  | (264772) |  |
|  |  | (51145) | (559) |
|  |  | (22779) | (827) |
| – | – | (551860) | (15659) |
| – | – | (36829351) | (764466) |
| 101988893 | 64633138 | 18870940 | 24381927 |
|  |  | 35266909 | 736504 |
| (61853027) | (101264350) | (32205388) | (78259362) |
| 40135866 | (36631212) | 21932461 | (53140931) |
| 25898041 | 147640109 | (86783296) | 65579306 |
| $565343784 | $417703675 | $437043647 | $371464341 |
| $591241825 | $565343784 | $350260351 | $437043647 |

---

*See Notes to Financial Statements.* 15

**Financial Highlights (unaudited)**

DIVIDEND GROWTH FUND

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** |
|  | | **Investment Operations:** | **Investment Operations:** | **Investment Operations:** | **Distributions to<br> shareholders from:** | **Distributions to<br> shareholders from:** | **Distributions to<br> shareholders from:** |
|  |<br>**Net asset <br> value,<br> beginning<br> of period** | **Net<br> invest-<br> ment<br> income<br> (loss)<sup>(a)</sup>** | **Net<br> realized<br> and<br> unrealized<br> gain/(loss)** | **Total<br> from<br> invest-<br> ment<br> opera-<br> tions** | **Net<br> investment<br> income** | **Net<br> realized<br> gain** | **Total<br> distri-<br> butions** |
| **Class A** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | $24.79 | $0.08 | $(0.76)&nbsp;&nbsp;&nbsp;&nbsp; | $(0.68)&nbsp;&nbsp;&nbsp;&nbsp; | $(0.08)&nbsp;&nbsp;&nbsp;&nbsp; | $(1.02)&nbsp;&nbsp;&nbsp;&nbsp; | $(1.10)&nbsp;&nbsp;&nbsp;&nbsp; |
| 11/30/2024 | 18.85 | 0.15 | 6.06 | 6.21 | (0.16) | (0.11) | (0.27) |
| 11/30/2023 | 18.54 | 0.15 | 1.14 | 1.29 | (0.15) | (0.83) | (0.98) |
| 11/30/2022 | 21.23 | 0.17 | (1.20) | (1.03) | (0.18) | (1.48) | (1.66) |
| 11/30/2021 | 17.82 | 0.16 | 3.83 | 3.99 | (0.15) | (0.43) | (0.58) |
| 11/30/2020 | 16.38 | 0.17 | 2.17 | 2.34 | (0.20) | (0.70) | (0.90) |
| **Class C** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 24.33 | (0.01) | (0.74) | (0.75) |  | (1.02) | (1.02) |
| 11/30/2024 | 18.52 | (0.01) | 5.94 | 5.93 | (0.01) | (0.11) | (0.12) |
| 11/30/2023 | 18.23 | 0.01 | 1.12 | 1.13 | (0.01) | (0.83) | (0.84) |
| 11/30/2022 | 20.90 | 0.03 | (1.17) | (1.14) | (0.05) | (1.48) | (1.53) |
| 11/30/2021 | 17.55 | 0.01 | 3.78 | 3.79 | (0.01) | (0.43) | (0.44) |
| 11/30/2020 | 16.14 | 0.06 | 2.13 | 2.19 | (0.08) | (0.70) | (0.78) |
| **Class F** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 25.00 | 0.11 | (0.77) | (0.66) | (0.10) | (1.02) | (1.12) |
| 11/30/2024 | 18.99 | 0.20 | 6.11 | 6.31 | (0.19) | (0.11) | (0.30) |
| 11/30/2023 | 18.65 | 0.18 | 1.16 | 1.34 | (0.17) | (0.83) | (1.00) |
| 11/30/2022 | 21.32 | 0.22 | (1.20) | (0.98) | (0.21) | (1.48) | (1.69) |
| 11/30/2021 | 17.87 | 0.21 | 3.84 | 4.05 | (0.17) | (0.43) | (0.60) |
| 11/30/2020 | 16.41 | 0.21 | 2.18 | 2.39 | (0.23) | (0.70) | (0.93) |
| **Class F3** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 25.34 | 0.12 | (0.78) | (0.66) | (0.11) | (1.02) | (1.13) |
| 11/30/2024 | 19.25 | 0.22 | 6.19 | 6.41 | (0.21) | (0.11) | (0.32) |
| 11/30/2023 | 18.91 | 0.20 | 1.16 | 1.36 | (0.19) | (0.83) | (1.02) |
| 11/30/2022 | 21.60 | 0.24 | (1.22) | (0.98) | (0.23) | (1.48) | (1.71) |
| 11/30/2021 | 18.11 | 0.23 | 3.89 | 4.12 | (0.20) | (0.43) | (0.63) |
| 11/30/2020 | 16.62 | 0.23 | 2.20 | 2.43 | (0.24) | (0.70) | (0.94) |
| **Class I** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 25.13 | 0.11 | (0.77) | (0.66) | (0.11) | (1.02) | (1.13) |
| 11/30/2024 | 19.10 | 0.21 | 6.14 | 6.35 | (0.21) | (0.11) | (0.32) |
| 11/30/2023 | 18.78 | 0.19 | 1.15 | 1.34 | (0.19) | (0.83) | (1.02) |
| 11/30/2022 | 21.48 | 0.25 | (1.24) | (0.99) | (0.23) | (1.48) | (1.71) |
| 11/30/2021 | 18.02 | 0.22 | 3.86 | 4.08 | (0.19) | (0.43) | (0.62) |
| 11/30/2020 | 16.55 | 0.21 | 2.20 | 2.41 | (0.24) | (0.70) | (0.94) |
| **Class P** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 24.98 | 0.06 | (0.76) | (0.70) | (0.06) | (1.02) | (1.08) |
| 11/30/2024 | 19.00 | 0.11 | 6.10 | 6.21 | (0.12) | (0.11) | (0.23) |
| 11/30/2023 | 18.68 | 0.11 | 1.15 | 1.26 | (0.11) | (0.83) | (0.94) |
| 11/30/2022 | 21.37 | 0.14 | (1.20) | (1.06) | (0.15) | (1.48) | (1.63) |
| 11/30/2021 | 17.93 | 0.12 | 3.86 | 3.98 | (0.11) | (0.43) | (0.54) |
| 11/30/2020 | 16.48 | 0.14 | 2.18 | 2.32 | (0.17) | (0.70) | (0.87) |

---

<br> 16 See Notes to Financial Statements.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Supplemental Data:** | **Supplemental Data:** |
| <br>**Net<br> asset<br> value,<br> end of<br> period** |<br>**Total<br> return<sup>(b)</sup><br> (%)** | **Total<br> expenses<br> after<br> waivers<br> and/or<br> reimbursements<br> (%)** | **Total<br> expenses<br> (%)** | **Net<br> invest-<br> ment<br> income (loss) <br> (%)** | **Net<br> assets,<br> end of<br> period<br> (000)** | **Portfolio<br> turnover<br> rate<br> (%)** |
| $23.01 | (2.74)<sup>(d)</sup> | 0.89 <sup>(e)</sup>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; | 0.89 <sup>(e)</sup> | 0.70 <sup>(e)</sup> | $2630087 | 21 <sup>(d)</sup> |
| 24.79 | 33.24 | 0.89 | 0.89 | 0.69 | 2785299 | 25 |
| 18.85 | 7.58 | 0.90 | 0.90 | 0.82 | 2215523 | 35 |
| 18.54 | (5.30) | 0.92 | 0.92 | 0.95 | 2213259 | 47 |
| 21.23 | 22.95 | 0.91 | 0.91 | 0.82 | 2368031 | 39 |
| 17.82 | 15.10 | 0.95 | 0.95 | 1.10 | 1925498 | 59 |
| 22.56 | (3.11)<sup>(d)</sup> | 1.64 <sup>(e)</sup> | 1.64 <sup>(e)</sup> | (0.06)<sup>(e)</sup> | 119515 | 21 <sup>(d)</sup> |
| 24.33 | 32.22 | 1.64 | 1.64 | (0.06) | 139303 | 25 |
| 18.52 | 6.77 | 1.65 | 1.65 | 0.06 | 135085 | 35 |
| 18.23 | (6.00) | 1.67 | 1.67 | 0.19 | 158789 | 47 |
| 20.90 | 22.07 | 1.66 | 1.66 | 0.07 | 193493 | 39 |
| 17.55 | 14.21 | 1.70 | 1.70 | 0.37 | 176775 | 59 |
| 23.22 | (2.65)<sup>(d)</sup> | 0.64 <sup>(e)</sup> | 0.74 <sup>(e)</sup> | 0.95 <sup>(e)</sup> | 58492 | 21 <sup>(d)</sup> |
| 25.00 | 33.55 | 0.64 | 0.74 | 0.93 | 66140 | 25 |
| 18.99 | 7.84 | 0.65 | 0.75 | 0.99 | 60941 | 35 |
| 18.65 | (5.05) | 0.67 | 0.77 | 1.16 | 184824 | 47 |
| 21.32 | 23.29 | 0.66 | 0.76 | 1.07 | 467768 | 39 |
| 17.87 | 15.38 | 0.70 | 0.80 | 1.35 | 330470 | 59 |
| 23.55 | (2.60)<sup>(d)</sup> | 0.58 <sup>(e)</sup> | 0.58 <sup>(e)</sup> | 1.00 <sup>(e)</sup> | 373355 | 21 <sup>(d)</sup> |
| 25.34 | 33.64 | 0.59 | 0.59 | 0.99 | 377366 | 25 |
| 19.25 | 7.86 | 0.59 | 0.59 | 1.12 | 291252 | 35 |
| 18.91 | (4.95) | 0.60 | 0.60 | 1.26 | 295542 | 47 |
| 21.60 | 23.34 | 0.60 | 0.60 | 1.14 | 314607 | 39 |
| 18.11 | 15.50 | 0.62 | 0.62 | 1.43 | 240767 | 59 |
| 23.34 | (2.62)<sup>(d)</sup> | 0.64 <sup>(e)</sup> | 0.64 <sup>(e)</sup> | 0.95 <sup>(e)</sup> | 988623 | 21 <sup>(d)</sup> |
| 25.13 | 33.59 | 0.64 | 0.64 | 0.94 | 1003984 | 25 |
| 19.10 | 7.80 | 0.65 | 0.65 | 1.07 | 889207 | 35 |
| 18.78 | (5.04) | 0.67 | 0.67 | 1.39 | 812893 | 47 |
| 21.48 | 23.27 | 0.66 | 0.66 | 1.08 | 70953 | 39 |
| 18.02 | 15.42 | 0.70 | 0.70 | 1.35 | 44354 | 59 |
| 23.20 | (2.86)<sup>(d)</sup> | 1.09 <sup>(e)</sup> | 1.09 <sup>(e)</sup> | 0.51 <sup>(e)</sup> | 1121 | 21 <sup>(d)</sup> |
| 24.98 | 32.94 | 1.09 | 1.09 | 0.49 | 1156 | 25 |
| 19.00 | 7.36 | 1.10 | 1.10 | 0.61 | 850 | 35 |
| 18.68 | (5.46) | 1.12 | 1.12 | 0.74 | 913 | 47 |
| 21.37 | 22.72 | 1.12 | 1.12 | 0.61 | 1074 | 39 |
| 17.93 | 14.83 | 1.15 | 1.15 | 0.90 | 1092 | 59 |

---

<br> See Notes to Financial Statements. 17

**Financial Highlights (unaudited)(concluded)**

DIVIDEND GROWTH FUND

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** |
|  | | **Investment Operations:** | **Investment Operations:** | **Investment Operations:** | **Distributions to<br> shareholders from:** | **Distributions to<br> shareholders from:** | **Distributions to<br> shareholders from:** |
|  |<br>**Net asset<br> value,<br> beginning<br> of period** | **Net<br> invest-<br> ment<br> income<br> (loss)<sup>(a)</sup>** | **Net<br> realized<br> and<br> unrealized<br> gain/(loss)** | **Total<br> from<br> invest-<br> ment<br> opera-<br> tions** | **Net<br> investment<br> income** | **Net<br> realized<br> gain** | **Total<br> distri-<br> butions** |
| **Class R2** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | $25.13 | $0.04 | $(0.77)&nbsp;&nbsp;&nbsp;&nbsp; | $(0.73)&nbsp;&nbsp;&nbsp;&nbsp; | $(0.04)&nbsp;&nbsp;&nbsp;&nbsp; | $(1.02)&nbsp;&nbsp;&nbsp;&nbsp; | $(1.06)&nbsp;&nbsp;&nbsp;&nbsp; |
| 11/30/2024 | 19.11 | 0.07 | 6.15 | 6.22 | (0.09) | (0.11) | (0.20) |
| 11/30/2023 | 18.78 | 0.08 | 1.16 | 1.24 | (0.08) | (0.83) | (0.91) |
| 11/30/2022 | 21.48 | 0.11 | (1.22) | (1.11) | (0.11) | (1.48) | (1.59) |
| 11/30/2021 | 18.02 | 0.10 | 3.87 | 3.97 | (0.08) | (0.43) | (0.51) |
| 11/30/2020 | 16.55 | 0.12 | 2.19 | 2.31 | (0.14) | (0.70) | (0.84) |
| **Class R3** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 24.62 | 0.05 | (0.76) | (0.71) | (0.05) | (1.02) | (1.07) |
| 11/30/2024 | 18.72 | 0.09 | 6.03 | 6.12 | (0.11) | (0.11) | (0.22) |
| 11/30/2023 | 18.43 | 0.10 | 1.13 | 1.23 | (0.11) | (0.83) | (0.94) |
| 11/30/2022 | 21.11 | 0.13 | (1.19) | (1.06) | (0.14) | (1.48) | (1.62) |
| 11/30/2021 | 17.72 | 0.11 | 3.81 | 3.92 | (0.10) | (0.43) | (0.53) |
| 11/30/2020 | 16.29 | 0.13 | 2.16 | 2.29 | (0.16) | (0.70) | (0.86) |
| **Class R4** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 24.76 | 0.08 | (0.76) | (0.68) | (0.08) | (1.02) | (1.10) |
| 11/30/2024 | 18.83 | 0.15 | 6.05 | 6.20 | (0.16) | (0.11) | (0.27) |
| 11/30/2023 | 18.53 | 0.15 | 1.13 | 1.28 | (0.15) | (0.83) | (0.98) |
| 11/30/2022 | 21.21 | 0.17 | (1.18) | (1.01) | (0.19) | (1.48) | (1.67) |
| 11/30/2021 | 17.80 | 0.16 | 3.82 | 3.98 | (0.14) | (0.43) | (0.57) |
| 11/30/2020 | 16.36 | 0.18 | 2.16 | 2.34 | (0.20) | (0.70) | (0.90) |
| **Class R5** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 25.12 | 0.13 | (0.79) | (0.66) | (0.11) | (1.02) | (1.13) |
| 11/30/2024 | 19.10 | 0.20 | 6.14 | 6.34 | (0.21) | (0.11) | (0.32) |
| 11/30/2023 | 18.77 | 0.19 | 1.16 | 1.35 | (0.19) | (0.83) | (1.02) |
| 11/30/2022 | 21.47 | 0.21 | (1.20) | (0.99) | (0.23) | (1.48) | (1.71) |
| 11/30/2021 | 18.01 | 0.22 | 3.86 | 4.08 | (0.19) | (0.43) | (0.62) |
| 11/30/2020 | 16.55 | 0.21 | 2.19 | 2.40 | (0.24) | (0.70) | (0.94) |
| **Class R6** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 25.33 | 0.12 | (0.78) | (0.66) | (0.11) | (1.02) | (1.13) |
| 11/30/2024 | 19.24 | 0.22 | 6.19 | 6.41 | (0.21) | (0.11) | (0.32) |
| 11/30/2023 | 18.90 | 0.20 | 1.16 | 1.36 | (0.19) | (0.83) | (1.02) |
| 11/30/2022 | 21.59 | 0.23 | (1.21) | (0.98) | (0.23) | (1.48) | (1.71) |
| 11/30/2021 | 18.11 | 0.22 | 3.89 | 4.11 | (0.20) | (0.43) | (0.63) |
| 11/30/2020 | 16.62 | 0.23 | 2.20 | 2.43 | (0.24) | (0.70) | (0.94) |

---

<sup>(a)</sup> Calculated using average shares outstanding during the period.

<sup>(b)</sup> Total return for Classes A and C does not consider the effects of sales loads and assumes the reinvestment of all distributions. Total return for all other classes assumes the reinvestment of all distributions.

<sup>(c)</sup> Unaudited.

<sup>(d)</sup> Not annualized.

<sup>(e)</sup> Annualized.

<br> 18 See Notes to Financial Statements.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Supplemental Data:** | **Supplemental Data:** |
| <br>**Net<br> asset<br> value,<br> end of<br> period** |<br>**Total<br> return<sup>(b)</sup><br> (%)** | **Total<br> expenses<br> after<br> waivers<br> and/or<br> reimbursements<br> (%)** | **Total<br> expenses<br> (%)** | **Net<br> invest-<br> ment<br> income (loss)<br> (%)** | **Net<br> assets,<br> end of<br> period<br> (000)** | **Portfolio<br> turnover<br> rate<br> (%)** |
| $23.34 | (2.93)<sup>(d)</sup> | 1.24 <sup>(e)</sup> | 1.24 <sup>(e)</sup> | 0.35 <sup>(e)</sup> | $1127 | 21 <sup>(d)</sup> |
| 25.13 | 32.77 | 1.24 | 1.24 | 0.34 | 1186 | 25 |
| 19.11 | 7.21 | 1.25 | 1.25 | 0.47 | 1282 | 35 |
| 18.78 | (5.64) | 1.27 | 1.27 | 0.60 | 1207 | 47 |
| 21.48 | 22.56 | 1.26 | 1.26 | 0.49 | 1427 | 39 |
| 18.02 | 14.67 | 1.30 | 1.30 | 0.76 | 951 | 59 |
| 22.84 | (2.89)<sup>(d)</sup> | 1.14 <sup>(e)</sup> | 1.14 <sup>(e)</sup> | 0.45 <sup>(e)</sup> | 14420 | 21 <sup>(d)</sup> |
| 24.62 | 32.87 | 1.14 | 1.14 | 0.43 | 15578 | 25 |
| 18.72 | 7.32 | 1.15 | 1.15 | 0.58 | 13539 | 35 |
| 18.43 | (5.53) | 1.17 | 1.17 | 0.69 | 10852 | 47 |
| 21.11 | 22.66 | 1.16 | 1.16 | 0.56 | 13953 | 39 |
| 17.72 | 14.81 | 1.20 | 1.20 | 0.86 | 13802 | 59 |
| 22.98 | (2.75)<sup>(d)</sup> | 0.89 <sup>(e)</sup> | 0.89 <sup>(e)</sup> | 0.69 <sup>(e)</sup> | 4682 | 21 <sup>(d)</sup> |
| 24.76 | 33.21 | 0.89 | 0.89 | 0.69 | 6352 | 25 |
| 18.83 | 7.55 | 0.90 | 0.90 | 0.82 | 6633 | 35 |
| 18.53 | (5.30) | 0.92 | 0.92 | 0.94 | 4194 | 47 |
| 21.21 | 22.96 | 0.91 | 0.91 | 0.80 | 4441 | 39 |
| 17.80 | 15.10 | 0.95 | 0.95 | 1.12 | 4144 | 59 |
| 23.33 | (2.62)<sup>(d)</sup> | 0.64 <sup>(e)</sup> | 0.64 <sup>(e)</sup> | 1.12 <sup>(e)</sup> | 873 | 21 <sup>(d)</sup> |
| 25.12 | 33.54 | 0.64 | 0.64 | 0.93 | 255 | 25 |
| 19.10 | 7.86 | 0.65 | 0.65 | 1.07 | 257 | 35 |
| 18.77 | (5.09) | 0.67 | 0.67 | 1.14 | 291 | 47 |
| 21.47 | 23.28 | 0.66 | 0.66 | 1.09 | 620 | 39 |
| 18.01 | 15.36 | 0.70 | 0.70 | 1.34 | 395 | 59 |
| 23.54 | (2.60)<sup>(d)</sup> | 0.58 <sup>(e)</sup> | 0.58 <sup>(e)</sup> | 1.00 <sup>(e)</sup> | 21879 | 21 <sup>(d)</sup> |
| 25.33 | 33.66 | 0.59 | 0.59 | 0.99 | 21209 | 25 |
| 19.24 | 7.87 | 0.59 | 0.59 | 1.12 | 15748 | 35 |
| 18.90 | (5.00) | 0.60 | 0.60 | 1.26 | 16552 | 47 |
| 21.59 | 23.34 | 0.60 | 0.60 | 1.13 | 18992 | 39 |
| 18.11 | 15.50 | 0.62 | 0.62 | 1.43 | 16977 | 59 |

---

<br> See Notes to Financial Statements. 19

**Financial Highlights (unaudited)**

GROWTH OPPORTUNITIES FUND

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | |
|  | | **Investment Operations:** | **Investment Operations:** | **Investment Operations:** | **Distributions to<br> shareholders<br> from:** | |
|  |<br>**Net asset<br> value,<br> beginning<br> of period** | **Net<br> investment<br> income<br> (loss)<sup>(a)</sup>** | **Net<br> realized and<br> unrealized<br> gain/(loss)** | **Total from<br> investment<br> operations** | **Net<br> realized<br> gain** |<br>**Net asset<br> value,<br> end of<br> period** |
| **Class A** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | $27.16 | $(0.09)&nbsp;&nbsp;&nbsp;&nbsp; | $(0.82)&nbsp;&nbsp;&nbsp;&nbsp; | $(0.91)&nbsp;&nbsp;&nbsp;&nbsp; | $– | $26.25 |
| 11/30/2024 | 18.47 | (0.14) | 8.83 | 8.69 |  | 27.16 |
| 11/30/2023 | 18.95 | (0.11) | (0.37) | (0.48) |  | 18.47 |
| 11/30/2022 | 31.15 | (0.08) | (7.20) | (7.28) | (4.92) | 18.95 |
| 11/30/2021 | 32.07 | (0.22) | 3.82 | 3.60 | (4.52) | 31.15 |
| 11/30/2020 | 24.97 | (0.11) | 8.56 | 8.45 | (1.35) | 32.07 |
| **Class C** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 15.39 | (0.10) | (0.47) | (0.57) |  | 14.82 |
| 11/30/2024 | 10.55 | (0.17) | 5.01 | 4.84 |  | 15.39 |
| 11/30/2023 | 10.91 | (0.14) | (0.22) | (0.36) |  | 10.55 |
| 11/30/2022 | 20.21 | (0.14) | (4.24) | (4.38) | (4.92) | 10.91 |
| 11/30/2021 | 22.45 | (0.30) | 2.58 | 2.28 | (4.52) | 20.21 |
| 11/30/2020 | 18.01 | (0.20) | 5.99 | 5.79 | (1.35) | 22.45 |
| **Class F** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 29.17 | (0.07) | (0.88) | (0.95) |  | 28.22 |
| 11/30/2024 | 19.81 | (0.12) | 9.48 | 9.36 |  | 29.17 |
| 11/30/2023 | 20.30 | (0.10) | (0.39) | (0.49) |  | 19.81 |
| 11/30/2022 | 32.95 | (0.06) | (7.67) | (7.73) | (4.92) | 20.30 |
| 11/30/2021 | 33.64 | (0.18) | 4.01 | 3.83 | (4.52) | 32.95 |
| 11/30/2020 | 26.09 | (0.08) | 8.98 | 8.90 | (1.35) | 33.64 |
| **Class F3** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 33.93 | (0.06) | (1.02) | (1.08) |  | 32.85 |
| 11/30/2024 | 23.00 | (0.09) | 11.02 | 10.93 |  | 33.93 |
| 11/30/2023 | 23.52 | (0.06) | (0.46) | (0.52) |  | 23.00 |
| 11/30/2022 | 37.32 | (0.02) | (8.86) | (8.88) | (4.92) | 23.52 |
| 11/30/2021 | 37.47 | (0.14) | 4.51 | 4.37 | (4.52) | 37.32 |
| 11/30/2020 | 28.86 | (0.05) | 10.01 | 9.96 | (1.35) | 37.47 |
| **Class I** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 33.52 | (0.07) | (1.01) | (1.08) |  | 32.44 |
| 11/30/2024 | 22.73 | (0.11) | 10.90 | 10.79 |  | 33.52 |
| 11/30/2023 | 23.27 | (0.08) | (0.46) | (0.54) |  | 22.73 |
| 11/30/2022 | 37.00 | (0.02) | (8.79) | (8.81) | (4.92) | 23.27 |
| 11/30/2021 | 37.21 | (0.17) | 4.48 | 4.31 | (4.52) | 37.00 |
| 11/30/2020 | 28.69 | (0.02) | 9.89 | 9.87 | (1.35) | 37.21 |
| **Class P** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 25.70 | (0.11) | (0.78) | (0.89) |  | 24.81 |
| 11/30/2024 | 17.51 | (0.18) | 8.37 | 8.19 |  | 25.70 |
| 11/30/2023 | 18.01 | (0.14) | (0.36) | (0.50) |  | 17.51 |
| 11/30/2022 | 29.90 | (0.12) | (6.85) | (6.97) | (4.92) | 18.01 |
| 11/30/2021 | 31.01 | (0.27) | 3.68 | 3.41 | (4.52) | 29.90 |
| 11/30/2020 | 24.24 | (0.15) | 8.27 | 8.12 | (1.35) | 31.01 |

---

<br> 20 See Notes to Financial Statements.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Supplemental Data:** | **Supplemental Data:** |
|<br>**Total<br> return<sup>(b)</sup><br> (%)** | **Total expenses after<br> waivers and/or<br> reimbursements<br> (%)** | **Total<br> expenses<br> (%)** | **Net<br> investment<br> income (loss)<br> (%)** | **Net assets,<br> end of<br> period<br> (000)** | **Portfolio<br> turnover<br> rate<br> (%)** |
| (3.35)<sup>(d)</sup> | 0.96 <sup>(e)</sup> | 1.12 <sup>(e)</sup> | (0.71)<sup>(e)</sup> | $376682 | 54 <sup>(d)</sup> |
| 46.97 | 0.96 | 1.15 | (0.66) | 408014 | 117 |
| (2.48) | 0.96 | 1.16 | (0.61) | 307288 | 149 |
| (27.23) | 1.05 | 1.19 | (0.40) | 356219 | 118 |
| 12.09 | 1.06 | 1.17 | (0.71) | 531845 | 68 |
| 35.75 | 1.10 | 1.19 | (0.42) | 492772 | 50 |
| (3.70)<sup>(d)</sup> | 1.71 <sup>(e)</sup> | 1.87 <sup>(e)</sup> | (1.46)<sup>(e)</sup> | 7368 | 54 <sup>(d)</sup> |
| 45.88 | 1.71 | 1.90 | (1.41) | 8454 | 117 |
| (3.30) | 1.71 | 1.91 | (1.38) | 7907 | 149 |
| (27.73) | 1.80 | 1.94 | (1.16) | 15434 | 118 |
| 11.24 | 1.81 | 1.92 | (1.47) | 25235 | 68 |
| 34.73 | 1.85 | 1.94 | (1.15) | 26782 | 50 |
| (3.26)<sup>(d)</sup> | 0.81 <sup>(e)</sup> | 0.97 <sup>(e)</sup> | (0.56)<sup>(e)</sup> | 4617 | 54 <sup>(d)</sup> |
| 47.17 | 0.81 | 1.00 | (0.51) | 4872 | 117 |
| (2.36) | 0.81 | 1.01 | (0.51) | 3825 | 149 |
| (27.09) | 0.90 | 1.04 | (0.29) | 16775 | 118 |
| 12.22 | 0.91 | 1.02 | (0.57) | 48943 | 68 |
| 35.95 | 0.94 | 1.04 | (0.28) | 42530 | 50 |
| (3.18)<sup>(d)</sup> | 0.62 <sup>(e)</sup> | 0.77 <sup>(e)</sup> | (0.36)<sup>(e)</sup> | 87836 | 54 <sup>(d)</sup> |
| 47.46 | 0.63 | 0.79 | (0.33) | 75989 | 117 |
| (2.17) | 0.63 | 0.78 | (0.28) | 47318 | 149 |
| (26.98) | 0.71 | 0.85 | (0.06) | 48091 | 118 |
| 12.44 | 0.73 | 0.84 | (0.39) | 59660 | 68 |
| 36.18 | 0.77 | 0.86 | (0.15) | 26711 | 50 |
| (3.22)<sup>(d)</sup> | 0.71 <sup>(e)</sup> | 0.87 <sup>(e)</sup> | (0.46)<sup>(e)</sup> | 87191 | 54 <sup>(d)</sup> |
| 47.34 | 0.71 | 0.90 | (0.41) | 38336 | 117 |
| (2.23) | 0.71 | 0.90 | (0.34) | 28362 | 149 |
| (27.03) | 0.81 | 0.94 | (0.06) | 14742 | 118 |
| 12.35 | 0.81 | 0.92 | (0.48) | 217472 | 68 |
| 36.08 | 0.86 | 0.94 | (0.05) | 193878 | 50 |
| (3.46)<sup>(d)</sup> | 1.16 <sup>(e)</sup> | 1.32 <sup>(e)</sup> | (0.91)<sup>(e)</sup> | 3129 | 54 <sup>(d)</sup> |
| 46.69 | 1.16 | 1.35 | (0.86) | 3485 | 117 |
| (2.72) | 1.16 | 1.36 | (0.81) | 2754 | 149 |
| (27.35) | 1.25 | 1.39 | (0.60) | 2643 | 118 |
| 11.86 | 1.26 | 1.37 | (0.92) | 3657 | 68 |
| 35.51 | 1.30 | 1.39 | (0.60) | 3432 | 50 |

---

<br> See Notes to Financial Statements. 21

**Financial Highlights (unaudited)(concluded)**

GROWTH OPPORTUNITIES FUND

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | |
|  | | **Investment Operations:** | **Investment Operations:** | **Investment Operations:** | **Distributions to<br> shareholders<br> from:** | |
|  |<br>**Net asset<br> value,<br> beginning<br> of period** | **Net<br> investment<br> income<br> (loss)<sup>(a)</sup>** | **Net<br> realized and<br> unrealized<br> gain/(loss)** | **Total from<br> investment<br> operations** | **Net<br> realized<br> gain** |<br>**Net asset<br> value,<br> end of<br> period** |
| **Class R2** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | $24.44 | $(0.12)&nbsp;&nbsp;&nbsp;&nbsp; | $(0.74)&nbsp;&nbsp;&nbsp;&nbsp; | $(0.86)&nbsp;&nbsp;&nbsp;&nbsp; | $– | $23.58 |
| 11/30/2024 | 16.68 | (0.20) | 7.96 | 7.76 |  | 24.44 |
| 11/30/2023 | 17.18 | (0.16) | (0.34) | (0.50) |  | 16.68 |
| 11/30/2022 | 28.79 | (0.14) | (6.55) | (6.69) | (4.92) | 17.18 |
| 11/30/2021 | 30.06 | (0.31) | 3.56 | 3.25 | (4.52) | 28.79 |
| 11/30/2020 | 23.57 | (0.18) | 8.02 | 7.84 | (1.35) | 30.06 |
| **Class R3** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 25.44 | (0.11) | (0.77) | (0.88) |  | 24.56 |
| 11/30/2024 | 17.34 | (0.19) | 8.29 | 8.10 |  | 25.44 |
| 11/30/2023 | 17.84 | (0.15) | (0.35) | (0.50) |  | 17.34 |
| 11/30/2022 | 29.68 | (0.13) | (6.79) | (6.92) | (4.92) | 17.84 |
| 11/30/2021 | 30.83 | (0.28) | 3.65 | 3.37 | (4.52) | 29.68 |
| 11/30/2020 | 24.11 | (0.16) | 8.23 | 8.07 | (1.35) | 30.83 |
| **Class R4** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 27.17 | (0.09) | (0.82) | (0.91) |  | 26.26 |
| 11/30/2024 | 18.47 | (0.14) | 8.84 | 8.70 |  | 27.17 |
| 11/30/2023 | 18.96 | (0.11) | (0.38) | (0.49) |  | 18.47 |
| 11/30/2022 | 31.15 | (0.08) | (7.19) | (7.27) | (4.92) | 18.96 |
| 11/30/2021 | 32.07 | (0.22) | 3.82 | 3.60 | (4.52) | 31.15 |
| 11/30/2020 | 24.97 | (0.11) | 8.56 | 8.45 | (1.35) | 32.07 |
| **Class R5** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 33.57 | (0.07) | (1.02) | (1.09) |  | 32.48 |
| 11/30/2024 | 22.76 | (0.11) | 10.92 | 10.81 |  | 33.57 |
| 11/30/2023 | 23.30 | (0.08) | (0.46) | (0.54) |  | 22.76 |
| 11/30/2022 | 37.03 | (0.06) | (8.75) | (8.81) | (4.92) | 23.30 |
| 11/30/2021 | 37.24 | (0.17) | 4.48 | 4.31 | (4.52) | 37.03 |
| 11/30/2020 | 28.71 | (0.05) | 9.93 | 9.88 | (1.35) | 37.24 |
| **Class R6** |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 33.92 | (0.06) | (1.02) | (1.08) |  | 32.84 |
| 11/30/2024 | 22.99 | (0.09) | 11.02 | 10.93 |  | 33.92 |
| 11/30/2023 | 23.52 | (0.06) | (0.47) | (0.53) |  | 22.99 |
| 11/30/2022 | 37.31 | (0.02) | (8.85) | (8.87) | (4.92) | 23.52 |
| 11/30/2021 | 37.46 | (0.15) | 4.52 | 4.37 | (4.52) | 37.31 |
| 11/30/2020 | 28.86 | (0.03) | 9.98 | 9.95 | (1.35) | 37.46 |

---

<sup>(a)</sup> Calculated using average shares outstanding during the period.

<sup>(b)</sup> Total return for Classes A and C does not consider the effects of sales loads and assumes the reinvestment of all distributions. Total return for all other classes assumes the reinvestment of all distributions.

<sup>(c)</sup> Unaudited.

<sup>(d)</sup> Not annualized.

<sup>(e)</sup> Annualized.

<br> 22 See Notes to Financial Statements.

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Supplemental Data:** | **Supplemental Data:** |
|<br>**Total<br> return<sup>(b)</sup><br> (%)** | **Total expenses after<br> waivers and/or<br> reimbursements<br> (%)** | **Total<br> expenses<br> (%)** | **Net<br> investment<br> income (loss)<br> (%)** | **Net assets,<br> end of<br> period<br> (000)** | **Portfolio<br> turnover<br> rate<br> (%)** |
| (3.52)<sup>(d)</sup> | 1.31 <sup>(e)</sup> | 1.47 <sup>(e)</sup> | (1.06)<sup>(e)</sup> | $431 | 54 <sup>(d)</sup> |
| 46.43 | 1.31 | 1.50 | (1.03) | 439 | 117 |
| (2.85) | 1.31 | 1.51 | (0.97) | 683 | 149 |
| (27.44) | 1.40 | 1.54 | (0.77) | 858 | 118 |
| 11.68 | 1.41 | 1.52 | (1.07) | 1257 | 68 |
| 35.26 | 1.45 | 1.54 | (0.76) | 987 | 50 |
| (3.50)<sup>(d)</sup> | 1.21 <sup>(e)</sup> | 1.37 <sup>(e)</sup> | (0.96)<sup>(e)</sup> | 11544 | 54 <sup>(d)</sup> |
| 46.63 | 1.21 | 1.40 | (0.91) | 11994 | 117 |
| (2.75) | 1.21 | 1.41 | (0.86) | 9340 | 149 |
| (27.39) | 1.30 | 1.44 | (0.65) | 10319 | 118 |
| 11.79 | 1.31 | 1.42 | (0.97) | 15075 | 68 |
| 35.43 | 1.35 | 1.44 | (0.65) | 16868 | 50 |
| (3.39)<sup>(d)</sup> | 0.96 <sup>(e)</sup> | 1.12 <sup>(e)</sup> | (0.71)<sup>(e)</sup> | 1530 | 54 <sup>(d)</sup> |
| 47.02 | 0.96 | 1.15 | (0.66) | 2323 | 117 |
| (2.53) | 0.96 | 1.16 | (0.61) | 1695 | 149 |
| (27.19) | 1.04 | 1.19 | (0.40) | 2038 | 118 |
| 12.08 | 1.06 | 1.17 | (0.72) | 2643 | 68 |
| 35.75 | 1.09 | 1.19 | (0.45) | 1948 | 50 |
| (3.25)<sup>(d)</sup> | 0.71 <sup>(e)</sup> | 0.83 <sup>(e)</sup> | (0.46)<sup>(e)</sup> | 14 | 54 <sup>(d)</sup> |
| 47.43 | 0.71 | 0.87 | (0.41) | 15 | 117 |
| (2.27) | 0.71 | 0.90 | (0.37) | 47 | 149 |
| (27.01) | 0.80 | 0.94 | (0.23) | 65 | 118 |
| 12.34 | 0.81 | 0.92 | (0.46) | 194 | 68 |
| 36.09 | 0.85 | 0.94 | (0.16) | 100 | 50 |
| (3.18)<sup>(d)</sup> | 0.62 <sup>(e)</sup> | 0.77 <sup>(e)</sup> | (0.36)<sup>(e)</sup> | 10900 | 54 <sup>(d)</sup> |
| 47.48 | 0.63 | 0.79 | (0.33) | 11424 | 117 |
| (2.21) | 0.63 | 0.78 | (0.28) | 8484 | 149 |
| (26.96) | 0.71 | 0.85 | (0.07) | 9216 | 118 |
| 12.44 | 0.74 | 0.84 | (0.40) | 12593 | 68 |
| 36.20 | 0.78 | 0.86 | (0.11) | 11488 | 50 |

---

<br> See Notes to Financial Statements. 23

**Financial Highlights (unaudited)**

SMALL CAP VALUE FUND

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** |
|  | | **Investment Operations:** | **Investment Operations:** | **Investment Operations:** | **Distributions to<br> shareholders from:** | **Distributions to<br> shareholders from:** | **Distributions to<br> shareholders from:** |
|  |<br>**Net asset <br> value,<br> beginning<br> of period** | **Net<br> invest-<br> ment<br> income<br> (loss)<sup>(a)</sup>** | **Net<br> realized<br> and<br> unrealized<br> gain/(loss)** | **Total<br> from<br> invest-<br> ment<br> opera-<br> tions** | **Net<br> investment<br> income** | **Net<br> realized<br> gain** | **Total<br> distri-<br> butions** |
| **Class A** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | $18.32 | $0.01 | $(2.88)&nbsp;&nbsp;&nbsp;&nbsp; | $(2.87)&nbsp;&nbsp;&nbsp;&nbsp; | $(–)<sup>(d)</sup>&nbsp;&nbsp;&nbsp;&nbsp; | $(1.69)&nbsp;&nbsp;&nbsp;&nbsp; | $(1.69)&nbsp;&nbsp;&nbsp;&nbsp; |
| 11/30/2024 | 13.64 | 0.02 | 4.68 | 4.70 | (0.02) |  | (0.02) |
| 11/30/2023 | 13.57 | 0.04 | 0.51 | 0.55 | (0.03) | (0.45) | (0.48) |
| 11/30/2022 | 17.62 | 0.04 | (1.40) | (1.36) | (0.02) | (2.67) | (2.69) |
| 11/30/2021 | 13.97 | 0.05 | 3.76 | 3.81 | (0.16) |  | (0.16) |
| 11/30/2020 | 17.48 | 0.11 | (0.68) | (0.57) | (0.05) | (2.89) | (2.94) |
| **Class C** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 3.83 | (0.01) | (0.41) | (0.42) | (0.01) | (1.69) | (1.70) |
| 11/30/2024 | 2.89 | (0.02) | 0.98 | 0.96 | (0.02) |  | (0.02) |
| 11/30/2023 | 3.29 | (0.01) | 0.09 | 0.08 | (0.03) | (0.45) | (0.48) |
| 11/30/2022 | 6.32 | (0.02) | (0.34) | (0.36) | – <sup>(d)</sup> | (2.67) | (2.67) |
| 11/30/2021 | 5.12 | (0.03) | 1.37 | 1.34 | (0.14) |  | (0.14) |
| 11/30/2020 | 8.23 | 0.01 | (0.22) | (0.21) | (0.01) | (2.89) | (2.90) |
| **Class F** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 18.61 | 0.02 | (2.93) | (2.91) | (0.03) | (1.69) | (1.72) |
| 11/30/2024 | 13.85 | 0.04 | 4.76 | 4.80 | (0.04) |  | (0.04) |
| 11/30/2023 | 13.77 | 0.06 | 0.51 | 0.57 | (0.04) | (0.45) | (0.49) |
| 11/30/2022 | 17.83 | 0.06 | (1.41) | (1.35) | (0.04) | (2.67) | (2.71) |
| 11/30/2021 | 14.14 | 0.05 | 3.82 | 3.87 | (0.18) |  | (0.18) |
| 11/30/2020 | 17.66 | 0.13 | (0.68) | (0.55) | (0.08) | (2.89) | (2.97) |
| **Class F3** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 24.83 | 0.05 | (3.99) | (3.94) | (0.04) | (1.69) | (1.73) |
| 11/30/2024 | 18.46 | 0.09 | 6.34 | 6.43 | (0.06) |  | (0.06) |
| 11/30/2023 | 18.17 | 0.11 | 0.70 | 0.81 | (0.07) | (0.45) | (0.52) |
| 11/30/2022 | 22.66 | 0.12 | (1.87) | (1.75) | (0.07) | (2.67) | (2.74) |
| 11/30/2021 | 17.90 | 0.13 | 4.82 | 4.95 | (0.19) |  | (0.19) |
| 11/30/2020 | 21.58 | 0.19 | (0.88) | (0.69) | (0.10) | (2.89) | (2.99) |
| **Class I** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 24.54 | 0.04 | (3.94) | (3.90) | (0.04) | (1.69) | (1.73) |
| 11/30/2024 | 18.25 | 0.08 | 6.26 | 6.34 | (0.05) |  | (0.05) |
| 11/30/2023 | 17.98 | 0.10 | 0.68 | 0.78 | (0.06) | (0.45) | (0.51) |
| 11/30/2022 | 22.47 | 0.08 | (1.84) | (1.76) | (0.06) | (2.67) | (2.73) |
| 11/30/2021 | 17.76 | 0.12 | 4.78 | 4.90 | (0.19) |  | (0.19) |
| 11/30/2020 | 21.45 | 0.18 | (0.88) | (0.70) | (0.10) | (2.89) | (2.99) |
| **Class P** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 16.59 |  | (2.59) | (2.59) |  | (1.69) | (1.69) |
| 11/30/2024 | 12.36 | (0.01) | 4.24 | 4.23 |  |  |  |
| 11/30/2023 | 12.35 | 0.01 | 0.46 | 0.47 | (0.01) | (0.45) | (0.46) |
| 11/30/2022 | 16.28 | 0.01 | (1.27) | (1.26) | – <sup>(d)</sup> | (2.67) | (2.67) |
| 11/30/2021 | 12.92 | 0.01 | 3.48 | 3.49 | (0.13) |  | (0.13) |
| 11/30/2020 | 16.38 | 0.08 | (0.63) | (0.55) | (0.02) | (2.89) | (2.91) |

---

<br> 24 See Notes to Financial Statements.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Supplemental Data:** | **Supplemental Data:** |
|<br>**Net<br> asset<br> value,<br> end of<br> period** |<br>**Total<br> return<sup>(b)</sup><br> (%)** | **Total expenses<br> after waivers<br> and/or<br> reimbursements<br> (%)** | **Total<br> expenses<br> (%)** | **Net<br> investment<br> income (loss)<br> (%)** | **Net<br> assets,<br> end of<br> period<br> (000)** | **Portfolio<br> turnover<br> rate<br> (%)** |
| $13.76 | (16.90)<sup>(e)</sup> | 1.22 <sup>(f)</sup> | 1.22 <sup>(f)</sup> | 0.13 <sup>(f)</sup> | $162991 | 37 <sup>(e)</sup> |
| 18.32 | 34.47 | 1.21 | 1.21 | 0.11 | 210245 | 42 |
| 13.64 | 4.41 | 1.19 | 1.19 | 0.29 | 178084 | 34 |
| 13.57 | (9.18) | 1.22 | 1.23 | 0.31 | 191440 | 54 |
| 17.62 | 27.48 | 1.17 | 1.17 | 0.27 | 235845 | 78 |
| 13.97 | (4.40) | 1.19 | 1.19 | 0.87 | 200419 | 72 |
| 1.71 | (17.18)<sup>(e)</sup> | 1.97 <sup>(f)</sup> | 1.97 <sup>(f)</sup> | (0.63)<sup>(f)</sup> | 2183 | 37 <sup>(e)</sup> |
| 3.83 | 33.45 | 1.96 | 1.96 | (0.65) | 3326 | 42 |
| 2.89 | 3.85 | 1.94 | 1.94 | (0.46) | 3635 | 34 |
| 3.29 | (10.03) | 1.98 | 1.99 | (0.45) | 4974 | 54 |
| 6.32 | 26.62 | 1.92 | 1.92 | (0.54) | 7246 | 78 |
| 5.12 | (5.22) | 1.94 | 1.94 | 0.13 | 5484 | 72 |
| 13.98 | (16.90)<sup>(e)</sup> | 1.07 <sup>(f)</sup> | 1.07 <sup>(f)</sup> | 0.28 <sup>(f)</sup> | 2190 | 37 <sup>(e)</sup> |
| 18.61 | 34.69 | 1.06 | 1.06 | 0.26 | 2769 | 42 |
| 13.85 | 4.53 | 1.05 | 1.05 | 0.42 | 2732 | 34 |
| 13.77 | (8.99) | 1.08 | 1.08 | 0.39 | 5667 | 54 |
| 17.83 | 27.63 | 1.02 | 1.02 | 0.31 | 15604 | 78 |
| 14.14 | (4.24) | 1.04 | 1.04 | 1.03 | 9219 | 72 |
| 19.16 | (16.79)<sup>(e)</sup> | 0.89 <sup>(f)</sup> | 0.89 <sup>(f)</sup> | 0.47 <sup>(f)</sup> | 26755 | 37 <sup>(e)</sup> |
| 24.83 | 34.88 | 0.88 | 0.88 | 0.44 | 33175 | 42 |
| 18.46 | 4.75 | 0.88 | 0.88 | 0.60 | 28053 | 34 |
| 18.17 | (8.85) | 0.88 | 0.88 | 0.67 | 27967 | 54 |
| 22.66 | 27.89 | 0.84 | 0.84 | 0.60 | 30482 | 78 |
| 17.90 | (4.09) | 0.86 | 0.86 | 1.18 | 25733 | 72 |
| 18.91 | (16.83)<sup>(e)</sup> | 0.97 <sup>(f)</sup> | 0.97 <sup>(f)</sup> | 0.39 <sup>(f)</sup> | 138170 | 37 <sup>(e)</sup> |
| 24.54 | 34.82 | 0.96 | 0.96 | 0.36 | 164679 | 42 |
| 18.25 | 4.66 | 0.94 | 0.94 | 0.54 | 138027 | 34 |
| 17.98 | (8.95) | 0.97 | 0.97 | 0.42 | 157173 | 54 |
| 22.47 | 27.81 | 0.92 | 0.92 | 0.53 | 372878 | 78 |
| 17.76 | (4.18) | 0.94 | 0.94 | 1.12 | 332301 | 72 |
| 12.31 | (17.00)<sup>(e)</sup> | 1.42 <sup>(f)</sup> | 1.42 <sup>(f)</sup> | (0.07)<sup>(f)</sup> | 7752 | 37 <sup>(e)</sup> |
| 16.59 | 34.22 | 1.41 | 1.41 | (0.09) | 10507 | 42 |
| 12.36 | 4.16 | 1.39 | 1.39 | 0.09 | 11877 | 34 |
| 12.35 | (9.33) | 1.42 | 1.43 | 0.11 | 12171 | 54 |
| 16.28 | 27.22 | 1.37 | 1.37 | 0.09 | 14393 | 78 |
| 12.92 | (4.63) | 1.39 | 1.39 | 0.67 | 14958 | 72 |

---

<br> See Notes to Financial Statements. 25

**Financial Highlights (unaudited)(concluded)**

SMALL CAP VALUE FUND

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** | **Per Share Operating Performance:** |
|  | | **Investment Operations:** | **Investment Operations:** | **Investment Operations:** | **Distributions to<br> shareholders from:** | **Distributions to<br> shareholders from:** | **Distributions to<br> shareholders from:** |
|  |<br>**Net asset <br> value,<br> beginning<br> of period** | **Net<br> invest-<br> ment<br> income<br> (loss)<sup>(a)</sup>** | **Net<br> realized<br> and<br> unrealized<br> gain/(loss)** | **Total<br> from<br> invest-<br> ment<br> opera-<br> tions** | **Net<br> investment<br> income** | **Net<br> realized<br> gain** | **Total<br> distri-<br> butions** |
| **Class R2** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | $16.15 | $(0.01)&nbsp;&nbsp;&nbsp;&nbsp; | $(2.52)&nbsp;&nbsp;&nbsp;&nbsp; | $(2.53)&nbsp;&nbsp;&nbsp;&nbsp; | $– | $(1.69)&nbsp;&nbsp;&nbsp;&nbsp; | $(1.69)&nbsp;&nbsp;&nbsp;&nbsp; |
| 11/30/2024 | 12.05 | (0.03) | 4.13 | 4.10 |  |  |  |
| 11/30/2023 | 12.06 | (0.01) | 0.45 | 0.44 |  | (0.45) | (0.45) |
| 11/30/2022 | 15.98 | – <sup>(d)</sup> | (1.25) | (1.25) | – <sup>(d)</sup> | (2.67) | (2.67) |
| 11/30/2021 | 12.69 | (0.01) | 3.41 | 3.40 | (0.11) |  | (0.11) |
| 11/30/2020 | 16.14 | 0.06 | (0.62) | (0.56) |  | (2.89) | (2.89) |
| **Class R3** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 16.69 | (0.01) | (2.61) | (2.62) |  | (1.69) | (1.69) |
| 11/30/2024 | 12.44 | (0.02) | 4.27 | 4.25 |  |  |  |
| 11/30/2023 | 12.42 | 0.01 | 0.46 | 0.47 |  | (0.45) | (0.45) |
| 11/30/2022 | 16.37 | – <sup>(d)</sup> | (1.28) | (1.28) | – <sup>(d)</sup> | (2.67) | (2.67) |
| 11/30/2021 | 12.99 | – <sup>(d)</sup> | 3.50 | 3.50 | (0.12) |  | (0.12) |
| 11/30/2020 | 16.46 | 0.07 | (0.63) | (0.56) | (0.02) | (2.89) | (2.91) |
| **Class R4** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 18.38 | 0.01 | (2.90) | (2.89) | (–)<sup>(d)</sup> | (1.69) | (1.69) |
| 11/30/2024 | 13.68 | 0.02 | 4.70 | 4.72 | (0.02) |  | (0.02) |
| 11/30/2023 | 13.61 | 0.04 | 0.50 | 0.54 | (0.02) | (0.45) | (0.47) |
| 11/30/2022 | 17.66 | 0.01 | (1.37) | (1.36) | (0.02) | (2.67) | (2.69) |
| 11/30/2021 | 14.00 | 0.05 | 3.77 | 3.82 | (0.16) |  | (0.16) |
| 11/30/2020 | 17.49 | 0.11 | (0.69) | (0.58) | (0.02) | (2.89) | (2.91) |
| **Class R5** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 24.58 | 0.04 | (3.95) | (3.91) | (0.04) | (1.69) | (1.73) |
| 11/30/2024 | 18.28 | 0.08 | 6.27 | 6.35 | (0.05) |  | (0.05) |
| 11/30/2023 | 18.01 | 0.10 | 0.68 | 0.78 | (0.06) | (0.45) | (0.51) |
| 11/30/2022 | 22.50 | 0.10 | (1.86) | (1.76) | (0.06) | (2.67) | (2.73) |
| 11/30/2021 | 17.78 | 0.07 | 4.84 | 4.91 | (0.19) |  | (0.19) |
| 11/30/2020 | 21.47 | 0.18 | (0.88) | (0.70) | (0.10) | (2.89) | (2.99) |
| **Class R6** |  |  |  |  |  |  |  |
| 5/31/2025<sup>(c)</sup> | 24.82 | 0.05 | (3.98) | (3.93) | (0.05) | (1.69) | (1.74) |
| 11/30/2024 | 18.45 | 0.10 | 6.33 | 6.43 | (0.06) |  | (0.06) |
| 11/30/2023 | 18.17 | 0.11 | 0.69 | 0.80 | (0.07) | (0.45) | (0.52) |
| 11/30/2022 | 22.65 | 0.12 | (1.86) | (1.74) | (0.07) | (2.67) | (2.74) |
| 11/30/2021 | 17.89 | 0.13 | 4.82 | 4.95 | (0.19) |  | (0.19) |
| 11/30/2020 | 21.57 | 0.18 | (0.87) | (0.69) | (0.10) | (2.89) | (2.99) |

---

<sup>(a)</sup> Calculated using average shares outstanding during the period.

<sup>(b)</sup> Total return for Classes A and C does not consider the effects of sales loads and assumes the reinvestment of all distributions. Total return for all other classes assumes the reinvestment of all distributions.

<sup>(c)</sup> Unaudited.

<sup>(d)</sup> Amount less than $0.01.

<sup>(e)</sup> Not annualized.

<sup>(f)</sup> Annualized.

<br> 26 See Notes to Financial Statements.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| | | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Ratios to Average Net Assets:** | **Supplemental Data:** | **Supplemental Data:** |
|<br>**Net<br> asset<br> value,<br> end of<br> period** |<br>**Total<br> return<sup>(b)</sup><br> (%)** | **Total expenses<br> after waivers<br> and/or<br> reimbursements<br> (%)** | **Total<br> expenses<br> (%)** | **Net<br> investment<br> income (loss)<br> (%)** | **Net<br> assets,<br> end of<br> period<br> (000)** | **Portfolio<br> turnover<br> rate<br> (%)** |
| $11.93 | (17.11)<sup>(e)</sup> | 1.57 <sup>(f)</sup> | 1.57 <sup>(f)</sup> | (0.21)<sup>(f)</sup> | $800 | 37 <sup>(e)</sup> |
| 16.15 | 34.02 | 1.56 | 1.56 | (0.23) | 943 | 42 |
| 12.05 | 4.02 | 1.54 | 1.54 | (0.06) | 520 | 34 |
| 12.06 | (9.46) | 1.58 | 1.58 | (0.02) | 521 | 54 |
| 15.98 | 27.00 | 1.52 | 1.52 | (0.08) | 607 | 78 |
| 12.69 | (4.74) | 1.54 | 1.54 | 0.52 | 441 | 72 |
| 12.38 | (17.09)<sup>(e)</sup> | 1.47 <sup>(f)</sup> | 1.47 <sup>(f)</sup> | (0.12)<sup>(f)</sup> | 2635 | 37 <sup>(e)</sup> |
| 16.69 | 34.16 | 1.46 | 1.46 | (0.12) | 2578 | 42 |
| 12.44 | 4.15 | 1.44 | 1.44 | 0.05 | 2816 | 34 |
| 12.42 | (9.41) | 1.48 | 1.48 | 0.03 | 2663 | 54 |
| 16.37 | 27.18 | 1.42 | 1.42 | 0.02 | 4829 | 78 |
| 12.99 | (4.67) | 1.44 | 1.44 | 0.62 | 4354 | 72 |
| 13.80 | (16.95)<sup>(e)</sup> | 1.22 <sup>(f)</sup> | 1.22 <sup>(f)</sup> | 0.14 <sup>(f)</sup> | 473 | 37 <sup>(e)</sup> |
| 18.38 | 34.53 | 1.21 | 1.21 | 0.12 | 599 | 42 |
| 13.68 | 4.37 | 1.19 | 1.19 | 0.28 | 398 | 34 |
| 13.61 | (9.14) | 1.21 | 1.22 | 0.07 | 458 | 54 |
| 17.66 | 27.51 | 1.17 | 1.17 | 0.27 | 1564 | 78 |
| 14.00 | (4.43) | 1.19 | 1.19 | 0.84 | 1218 | 72 |
| 18.94 | (16.84)<sup>(e)</sup> | 0.97 <sup>(f)</sup> | 0.97 <sup>(f)</sup> | 0.38 <sup>(f)</sup> | 267 | 37 <sup>(e)</sup> |
| 24.58 | 34.82 | 0.96 | 0.96 | 0.37 | 328 | 42 |
| 18.28 | 4.66 | 0.94 | 0.94 | 0.54 | 284 | 34 |
| 18.01 | (8.93) | 0.97 | 0.98 | 0.56 | 283 | 54 |
| 22.50 | 27.83 | 0.92 | 0.92 | 0.33 | 326 | 78 |
| 17.78 | (4.17) | 0.94 | 0.94 | 1.15 | 26 | 72 |
| 19.15 | (16.80)<sup>(e)</sup> | 0.89 <sup>(f)</sup> | 0.89 <sup>(f)</sup> | 0.47 <sup>(f)</sup> | 6044 | 37 <sup>(e)</sup> |
| 24.82 | 34.89 | 0.88 | 0.88 | 0.46 | 7893 | 42 |
| 18.45 | 4.70 | 0.88 | 0.88 | 0.60 | 5039 | 34 |
| 18.17 | (8.81) | 0.88 | 0.88 | 0.64 | 5470 | 54 |
| 22.65 | 27.91 | 0.84 | 0.84 | 0.60 | 8311 | 78 |
| 17.89 | (4.10) | 0.86 | 0.86 | 1.18 | 7798 | 72 |

---

<br> See Notes to Financial Statements. 27

**Notes to Financial Statements (unaudited)**

&nbsp;&nbsp;&nbsp;&nbsp;**1.** ORGANIZATION

Lord Abbett Research Fund, Inc. (the "Company") is registered under the Investment Company Act of 1940, as amended (the "Act"), as a diversified, open-end management investment company and was incorporated under Maryland law on April 6, 1992. The Company consists of the following three funds (separately, a "Fund" and collectively, the "Funds") and their respective classes: Lord Abbett Dividend Growth Fund ("Dividend Growth Fund"), Lord Abbett Growth Opportunities Fund ("Growth Opportunities Fund") and Lord Abbett Small-Cap Value Series ("Small Cap Value Fund").

Dividend Growth Fund's investment objective is to seek current income and capital appreciation. Growth Opportunities Fund's investment objective is capital appreciation. Small Cap Value Fund's investment objective is long-term capital appreciation. Each Fund has eleven active share classes at May 31, 2025: Class A, C, F, F3, I, P, R2, R3, R4, R5 and R6, each with different expenses and dividends. A front-end sales charge is normally added to the net asset value ("NAV") for Class A shares. There is no front-end sales charge in the case of Class C, F, F3, I, P, R2, R3, R4, R5 and R6 shares, although there may be a contingent deferred sales charge ("CDSC") in certain cases as follows: Class A shares purchased without a sales charge and redeemed before the first day of the month in which the one-year anniversary of the purchase falls (subject to certain exceptions as set forth in each Fund's prospectus); and Class C shares redeemed before the first anniversary of purchase. Class C shares automatically convert to Class A shares on the 25th day of the month (or, if the 25th day is not a business day, the next business day thereafter) following the eighth anniversary of the month on which the purchase order was accepted, provided that the Funds or financial intermediary through which a shareholder purchased Class C shares have records verifying that the Class C shares have been held at least eight years. The Funds' Class P shares are closed to substantially all new investors, with certain exceptions as set forth in the Funds' prospectus.

**Basis of Preparation**

The Funds are investment companies and apply the accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification *Topic 946 Financial Services - Investment Companies.* The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America ("U.S. GAAP") requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

**Segment Reporting**

The Funds adopted FASB Accounting Standards Update ("ASU") 2023-07, Segment Reporting ("Topic 280") – Improvements to Reportable Segment Disclosures ("ASU 2023-07"). Adoption of the new standard resulted in new financial statement disclosures and did not affect the Funds' financial position or their results of operations. An operating segment is defined in Topic 280 as a component of a public entity that engages in business activities from which it may recognize revenues and incur expenses, has operating results that are regularly reviewed by the public entity's chief operating decision maker ("CODM") to make decisions about resources to be allocated to the segment and assess its performance, and has discrete financial information available.

The CODM for the Funds is Lord Abbett through its Management, Investment and Operating Committees, which are responsible for assessing performance and making decisions about resource allocation. The CODM has determined that each Fund has a single operating segment based on the fact that the CODM monitors the operating results of each Fund as a whole and that the Funds' long-term strategic asset allocation is pre-determined in accordance with the terms of their prospectus, based on a defined investment strategy which is executed by the Funds' portfolio

**Notes to Financial Statements (unaudited)(continued)**

managers as a team. The financial information provided to and reviewed by the CODM is consistent with that presented within the Funds' Schedule of Investments, Statements of Assets and Liabilities, Statements of Operations, Statements of Changes in Net Assets and Financial Highlights.

&nbsp;&nbsp;&nbsp;&nbsp;**2.** SIGNIFICANT
 ACCOUNTING POLICIES

&nbsp;&nbsp;&nbsp;&nbsp;(a) Investment Valuation– Under
procedures approved by the Funds' Board of Directors (the "Board"), the Board has designated the determination of fair
value of the Funds' portfolio investments to Lord, Abbett & Co. LLC ("Lord Abbett") as its valuation designee.
Accordingly, Lord Abbett is responsible for, among other things, assessing and managing valuation risks, establishing, applying and testing
fair value methodologies, and evaluating pricing services. Lord Abbett has formed a Pricing Committee
that performs these responsibilities on behalf of Lord Abbett, administers the pricing and valuation of portfolio investments and ensures
that prices utilized reasonably reflect fair value. Among other things, these procedures allow Lord Abbett, subject to Board oversight,
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. When valuing foreign equity securities that meet certain criteria, the Pricing Committee uses a third-party fair valuation service that values such securities to reflect market trading that occurs after the close of the applicable foreign markets of comparable securities or other instruments that correlate to the fair-valued 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 ask prices.

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 periodically reviews reports that may include fair value determinations made by the Pricing Committee, related market activity, inputs and assumptions, and retrospective comparison of 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. Investments in open-end money market mutual funds are valued at their NAV as of the close of each business day.

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

**Notes to Financial Statements (unaudited)(continued)**

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:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• 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 as of May 31, 2025 and, if applicable, Level 3 rollforwards for the six months 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.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Expenses– Expenses
incurred by the Company that do not specifically relate to an individual fund are generally allocated to the Funds within the Company
on a pro rata basis by relative net assets. Expenses, excluding class-specific expenses, are allocated to each class of shares based upon
the relative proportion of net assets at the beginning of the day. In addition, Class F3 and R6 shares bear only their class-specific
shareholder servicing expenses. Class A, C, F, P, R2, R3 and R4 shares bear their class-specific share of all expenses and fees relating
to the Funds' 12b-1 Distribution Plan.

&nbsp;&nbsp;&nbsp;&nbsp;(c) Foreign Transactions– The
books and records of each Fund are maintained in U.S. dollars and transactions denominated in foreign currencies are recorded in each
Fund's records at the rate prevailing when earned or recorded. Asset and liability accounts that are denominated in foreign currencies
are adjusted daily to reflect current exchange rates and any unrealized gain/(loss), if applicable, is included in Net change in unrealized
appreciation/depreciation on translation of assets and liabilities denominated in foreign currencies in each Fund's Statement of
Operations. The resultant exchange gains and losses upon settlement of such transactions, if applicable, are included in Net realized
gain/(loss) on foreign currency related transactions in each Fund's Statement of Operations. The Funds do not isolate that portion
of the results of operations arising as a result of changes in the foreign exchange rates from the changes in market prices of the securities.

Each Fund uses foreign currency exchange contracts to facilitate transactions in foreign-denominated securities. Losses from these transactions may arise from changes in the value of the foreign currency or if the counterparties do not perform under the contracts' terms.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Income Taxes **–** It
is the policy of each 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.

Management has reviewed each Fund's tax positions for all open tax years and has determined that as of May 31, 2025, no liability for Federal Income tax is required in each Fund's financial statements for net unrecognized tax benefits. However, management's conclusions may be subject to future review based on changes in, or the interpretation of, the accounting standards or tax laws and regulations. Each Fund files U.S. federal and various state and local tax returns.

**Notes to Financial Statements (unaudited)(continued)**

No income tax returns are currently under examination. Each Fund's Federal tax returns for the prior three fiscal years remain subject to examination by the Internal Revenue Service. The statutes of limitations on each Fund's state and local tax returns may remain open for an additional year depending upon each Fund's jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;(e) Investment Income **–** Dividend
income is recorded on the ex-dividend date. Interest income is recorded on the accrual basis as earned. Discounts are accreted and premiums
are amortized using the effective interest method and are included in Interest and other, if applicable, in the Statements of Operations.
Withholding taxes on foreign dividends have been provided for in accordance with the applicable country's tax rules and rates. Investment
income is allocated to each class of shares based upon the relative proportion of net assets at the beginning of the day.

&nbsp;&nbsp;&nbsp;&nbsp;(f) Repurchase Agreements **–** Each
Fund may enter into repurchase agreements with respect to securities. A repurchase agreement is a transaction in which a fund acquires
a security and simultaneously commits to resell that security to the seller (a bank or securities dealer) at an agreed-upon price on an
agreed-upon date. Each Fund requires at all times that the repurchase agreement be collateralized by cash, or by securities of the U.S.
Government, its agencies, its instrumentalities, or U.S. Government sponsored enterprises having a value equal to, or in excess of, the
value of the repurchase agreement (including accrued interest). If the seller of the agreement defaults on its obligation to repurchase
the underlying securities at a time when the fair value of these securities has declined, a Fund may incur a loss upon disposition of
the securities.

The Funds' repurchase agreements are not subject to master netting arrangements.

&nbsp;&nbsp;&nbsp;&nbsp;(g) Security Transactions **–** Security
transactions are recorded as of the date that the securities are purchased or sold (trade date). Realized gains and losses on sales of
portfolio securities are calculated using the identifed-cost method. Realized and unrealized gains/(losses) are allocated to each class
of shares based upon the relative proportion of net assets at the beginning of the day.

&nbsp;&nbsp;&nbsp;&nbsp;**3.** MANAGEMENT
 FEE AND OTHER TRANSACTIONS WITH AFFILIATES

**Management Fee**

The Company has a management agreement with Lord Abbett, pursuant to which Lord Abbett provides each Fund with investment management services and executive and other personnel, provides office space and pays for ordinary and necessary office and clerical expenses relating to research and statistical work and supervision of each Fund's investment portfolio. The management fee is accrued daily and payable monthly.

The management fee is based on each Fund's average daily net assets at the following annual rates:

---

| | |
|:---|:---|
| Dividend Growth Fund | Dividend Growth Fund |
| First $2 billion | .55% |
| Over $2 billion | .49% |
| Growth Opportunities Fund | Growth Opportunities Fund |
| First $1 billion | .65% |
| Next $3 billion | .63% |
| Next $1 billion | .60% |
| Over $5 billion | .58% |
| Small Cap Value Fund | Small Cap Value Fund |
| First $2 billion | .75% |
| Over $2 billion | .70% |

---

**Notes to Financial Statements (unaudited)(continued)**

For the six months ended May 31, 2025, the effective management fee, net of any applicable waivers, was at the following annualized rate of each Fund's average daily net assets:

---

| | |
|:---|:---|
| | Net Effective <br> Management Fee |
| Dividend Growth Fund | .52% |
| Growth Opportunities Fund | .49% |
| Small Cap Value Fund | .75% |

---

In addition, Lord Abbett provides certain administrative services to each Fund pursuant to an Administrative Services Agreement in return for a fee at an annual rate of .04% of each Fund's average daily net assets. The fund administration fee is accrued daily and payable monthly. Lord Abbett voluntarily waived the following fund administration fees during the six months ended May 31, 2025:

---

| | |
|:---|:---|
| Fund | Fund <br> Administration Fee |
| Dividend Growth Fund | $19749 |
| Growth Opportunities Fund | 3738 |
| Small Cap Value Fund | 3925 |

---

For the six months ended May 31, 2025 and continuing through March 31, 2026, Lord Abbett has contractually agreed to waive its fees and reimburse expenses to the extent necessary to limit total net annual operating expenses, excluding certain of the Funds' expenses to the following annual rates:

---

| | | | | |
|:---|:---|:---|:---|:---|
| | Effective April 1, 2025 | Effective April 1, 2025 | Prior to April 1, 2025 | Prior to April 1, 2025 |
| | Classes | Classes | Classes | Classes |
| Fund | A, C, F, I, P, R2,<br> R3, R4, and R5 | F3 and R6 | A, C, F, I, P, R2,<br> R3, R4, and R5 | F3 and R6 |
| Growth Opportunities Fund | .71% | .59% | .71% | .63% |

---

All contractual fee waivers and expense reimbursement agreements between the Funds and Lord Abbett may be terminated only upon the approval of the Board.

**12b-1 Distribution Plan**

Each Fund has adopted a distribution plan with respect to Class A, C, F, P, R2, R3 and R4 shares pursuant to Rule 12b-1 under the Act, which provides for the payment of ongoing distribution and service fees to Lord Abbett Distributor LLC (the "Distributor"), an affiliate of Lord Abbett. The distribution and service fees are accrued daily and payable monthly. The following annual rates have been authorized by the Board pursuant to the plan:

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| Fees\* | Class A | Class C | **Class F**<sup>(1)(2)</sup> | Class P | Class R2 | Class R3 | Class R4 |
| Service | .25% | .25% |  | .25% | .25% | .25% | .25% |
| Distribution |  | .75% | .10% | .20% | .35% | .25% |  |

---

\* The Funds may designate a portion of the aggregate fees attributable to service activities for purposes of calculating Financial Industry Regulatory Authority, Inc. sales charge limitations.

<sup>(1)</sup> The Class F shares Rule 12b-1 fee may be designated as a service fee in limited circumstances as described in the Funds' prospectus.

<sup>(2)</sup> For the six months ended May 31, 2025 and continuing through March 31, 2026, the Distributor has contractually agreed to waive Dividend Growth Fund's 0.10% Rule 12b-1 fee for Class F shares. This agreement may be terminated only by the Funds' Board.

Class F3, Class I, Class R5 and Class R6 shares do not have a distribution plan.

**Notes to Financial Statements (unaudited)(continued)**

**Commissions**

The Distributor received the following commissions on sales of shares of the Funds, after concessions were paid to authorized dealers, during the six months ended May 31, 2025:

---

| | | |
|:---|:---|:---|
| | Distributor <br> Commissions | Dealers'<br> Concessions |
| Dividend Growth Fund | $154862 | $1030309 |
| Growth Opportunities Fund | 23356 | 145336 |
| Small Cap Value Fund | 7698 | 42896 |

---

The Distributor received the following amounts of CDSCs for the six months ended May 31, 2025:

---

| | | |
|:---|:---|:---|
| | Class A | Class C |
| Dividend Growth Fund | $24302 | $3300 |
| Growth Opportunities Fund | 222 | 61 |
| Small Cap Value Fund | 745 | 32 |

---

**Other Related Parties**

As of May 31, 2025, the percentages of the outstanding shares owned by each Fund that invests principally in affiliated mutual funds managed by Lord Abbett ("Fund of Funds") were as follows:

---

| | | |
|:---|:---|:---|
| **Fund of Funds** | **Dividend <br> Growth Fund** | **Small Cap <br> Value Fund** |
| Alpha Strategy Fund |  | 25.17% |
| Multi-Asset Balanced Opportunity Fund | 6.29% |  |
| Multi-Asset Income Fund | 1.40% |  |

---

One Director and certain of the Funds' officers have an interest in Lord Abbett.

&nbsp;&nbsp;&nbsp;&nbsp;**4.** DISTRIBUTIONS
 AND TAX INFORMATION

Dividends are paid from net investment income, if any. Capital gain distributions are paid from taxable net realized gains from investments transactions, reduced by allowable capital loss carryforwards, if any. The capital loss carryforward amount, if any, is available to offset future net capital gains. Dividends and distributions to shareholders are recorded on the ex-dividend date. The amounts of dividends and distributions from net investment income and net realized capital gains are determined in accordance with federal income tax regulations, which may differ from U.S. GAAP. These book/tax differences are either considered temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the components of net assets based on their federal tax basis treatment; temporary differences do not require reclassification. Dividends and distributions, which exceed earnings and profits for tax purposes, are reported as a tax return of capital.

The tax character of distributions paid during the six months ended May 31, 2025 was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| Fund | **Tax-Exempt**<br> **Income** | **Ordinary**<br> **Income** | **Net**<br> **Long-Term**<br> **Capital Gains** | **Return of**<br> **Capital** | **Total**<br> **Distributions**<br> **Paid** |
| Dividend Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;$– $| 19309463 | $176761383 | $– $| 196070846 |
| Growth Opportunities Fund | – |  |  | – |  |
| Small Cap Value Fund | – | 421941 | 36407410 | – | 36829351 |

---

**Notes to Financial Statements (unaudited)(continued)**

The tax character of distributions paid during the period ended November 30, 2024 was as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Fund** | **Tax-Exempt<br> Income** | **Ordinary<br> Income** | **Net<br> Long-Term<br> Capital Gains** | **Return of<br> Capital** | **Total<br> Distributions<br> Paid** |
| Dividend Growth Fund | &nbsp;&nbsp;&nbsp;&nbsp;$– $| 30815822 | $20588083 | $– | $51403905 |
| Growth Opportunities Fund | – |  |  | – |  |
| Small Cap Value Fund | – | 764466 |  | – | 764466 |

---

Net capital losses recognized by the Funds may be carried forward indefinitely and retain their character as short-term and/or long-term losses. Capital losses incurred that will be carried forward are as follows:

---

| | | | |
|:---|:---|:---|:---|
| Fund | Short-Term <br> Losses | Long-Term <br> Losses | Net Capital <br> Losses |
| Growth Opportunities Fund | $(14664659) | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;– | $(14664659) |

---

As of May 31, 2025, the tax cost of investments and the breakdown of unrealized appreciation/(depreciation) for each Fund are shown below. The difference between book-basis and tax-basis unrealized appreciation/(depreciation) is attributable to the tax treatment of certain securities and net operating loss.

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Fund** | **Tax Cost of<br> Investments** | **Gross<br> Unrealized<br> Appreciation** | **Gross<br> Unrealized<br> Depreciation** | **Net<br> Unrealized<br> Appreciation/<br> (Depreciation)** |
| Dividend Growth Fund | $2770402716 | $1475887558 | $(35306623) | $1440580935 |
| Growth Opportunities Fund | 416747594 | 184204969 | (9364957) | 174840012 |
| Small Cap Value Fund | 327293433 | 52912112 | (29643238) | 23268874 |

---

&nbsp;&nbsp;&nbsp;&nbsp;**5.** PORTFOLIO
 SECURITIES TRANSACTIONS

Purchases and sales of investment securities (excluding short-term investments) during the six months ended May 31, 2025 were as follows:

---

| | | |
|:---|:---|:---|
| | Purchases | Sales |
| Dividend Growth Fund | $852156701 | $916618032 |
| Growth Opportunities Fund | 306056587 | 282468035 |
| Small Cap Value Fund | 136814696 | 151976238 |

---

There were no purchases or sales of U.S. Government securities during the six months ended May 31, 2025.

Each Fund is permitted to purchase and sell securities ("cross-trade") from and to other Lord Abbett funds or client accounts pursuant to procedures approved by the Board in compliance with Rule 17a-7 under the Act (the "Rule"). Each cross-trade is executed at a fair market price in compliance with provisions of the Rule. For the six months ended May 31, 2025, the Funds did not engage in cross trade purchases or sales.

&nbsp;&nbsp;&nbsp;&nbsp;**6.** DIRECTORS'
 REMUNERATION

The Company's officers and one Director, who are associated with Lord Abbett, do not receive any compensation from the Company for serving in such capacities. Independent Directors' fees are allocated among all Lord Abbett-sponsored funds primarily based on the relative net assets of each fund. There is an equity-based plan available to all Independent Directors under which Independent

**Notes to Financial Statements (unaudited)(continued)**

Directors may elect to defer receipt of a portion of Directors' fees. The deferred amounts are treated as though equivalent dollar amounts had been invested in the Funds. Such amounts and earnings accrued thereon are included in Directors' fees in the Statements of Operations and in Directors' fees payable in the Statements of Assets and Liabilities and are not deductible for U.S. federal income tax purposes until such amounts are paid.

&nbsp;&nbsp;&nbsp;&nbsp;**7.** LINE
 OF CREDIT

For the period ended May 31, 2025, the Funds and certain other funds managed by Lord Abbett (collectively, the "Participating Funds") were party to a syndicated line of credit facility with various lenders for $1.6 billion (the "Syndicated Facility") under which State Street Bank and Trust Company ("SSB") participated as a lender and as agent for the lenders. The Participating Funds were subject to graduated borrowing limits of the lesser of either one-third or one-fifth of unencumbered fund net assets and $250 million, $700 million or $1 billion, in each case based on past borrowings and likelihood of future borrowings, among other factors.

Effective June 6, 2025, the Participating Funds renewed the Syndicated Facility for $1.675 billion. The Participating Funds are subject to graduated borrowing limits of the lesser of either one-third or one-fifth of unencumbered fund net assets and $250 million, $300 million, $700 million or $1 billion, in each case based on past borrowings and likelihood of future borrowings, among other factors.

For the period ended May 31, 2025, the Participating Funds were also party to an additional uncommitted line of credit facility with SSB for $330 million (the "Bilateral Facility"). Under the Bilateral Facility, the Participating Funds were subject to graduated borrowing limits of the lesser of either one-third or one-fifth of unencumbered fund net assets and $250 million based on past borrowings and likelihood of future borrowings, among other factors.

Effective June 6, 2025, the Participating Funds renewed the Bilateral Facility in the same amount. The Participating Funds remain subject to the same borrowing limits as were in place prior to the renewal.

For the six months ended May 31, 2025, the Funds did not utilize the Syndicated Facility or Bilateral Facility.

&nbsp;&nbsp;&nbsp;&nbsp;**8.** INTERFUND
 LENDING PROGRAM

Pursuant to an exemptive order issued by the U.S. Securities and Exchange Commission ("SEC exemptive order") certain registered open-end management investment companies managed by Lord Abbett, including each Fund, participate in a joint lending and borrowing program (the "Interfund Lending Program"). The SEC exemptive order allows the funds that participate in the Interfund Lending Program to borrow money from and lend money to each other for temporary or emergency purposes subject to the limitations and conditions.

During the six months ended May 31, 2025, the Funds did not participate as a borrower or lender in the Interfund Lending Program.

&nbsp;&nbsp;&nbsp;&nbsp;**9.** CUSTODIAN
 AND ACCOUNTING AGENT

SSB is the Company's custodian and accounting agent. SSB performs custodial, accounting and recordkeeping functions relating to portfolio transactions and calculating each Fund's NAV.

**Notes to Financial Statements (unaudited)(continued)**

&nbsp;&nbsp;&nbsp;&nbsp;**10.** SECURITIES
 LENDING AGREEMENT

The Funds have established a securities lending agreement with Citibank, N.A. 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 Funds' 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 Funds on the next business day. As with other extensions of credit, the Funds may experience a delay in the recovery of their securities or incur a loss should the borrower of the securities breach its agreement with the Funds or the borrower becomes insolvent at a time when the collateral is insufficient to cover the cost of repurchasing securities on loan. Any income earned from securities lending is included in Securities lending net income in each Fund's Statement of Operations.

The initial collateral received by the Funds 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 Citibank, N.A.; the Funds will bear the risk of loss with respect to the investment of the cash collateral. The advantage of such loans is that the Funds continue 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 May 31, 2025, the Funds did not have any securities on loan.

&nbsp;&nbsp;&nbsp;&nbsp;**11.** INVESTMENT
 RISKS

Each Fund is subject to the general risks and considerations associated with equity investing. The value of the Funds' investments will fluctuate in response to movements in the equity securities markets in general and to the changing prospects of individual companies and/or sectors in which the Funds invest.

Dividend Growth Fund invests primarily in equity securities of large and mid-sized company stocks that have a history of growing their dividends, but there is no guarantee that a company will pay a dividend. Also, equity securities may experience significant volatility. Such securities may fall sharply in response to adverse events affecting overall markets, a particular industry or sector, or an individual company's financial condition. If the Fund's fundamental research and quantitative analysis fail to produce the intended result, the Fund may suffer losses or underperform its benchmark or other funds with the same investment objective or similar strategies, even in a favorable market. Large and mid-sized company stocks each may perform differently than the market as a whole and other types of stocks. This is because different types of stocks tend to shift in and out of favor depending on market and economic conditions. Mid-sized company stocks may be less able to weather economic shifts or other adverse developments than those of larger, more established companies. Securities of mid-sized companies tend to be more sensitive to changing economic, market, and industry conditions and tend to be less liquid than equity securities of larger companies, especially over the short term. The securities of mid-sized companies may be less well-known and less widely held and trade less frequently and in more limited volume than the securities of large cap company stocks. Mid-sized companies also may fall out of favor relative to larger companies in certain market cycles, causing the Fund to incur losses or underperform.

**Notes to Financial Statements (unaudited)(continued)**

Growth Opportunities Fund has particular risks associated with growth stocks. Growth companies may grow faster than other companies, which may result in more volatility in their stock prices. In addition, if the Fund's assessment of a company's potential for growth or market conditions is wrong, it could suffer losses or produce poor performance relative to other funds, even in a favorable market. Growth stocks often are more sensitive to market fluctuations than other securities because their market prices are highly sensitive to future earnings expectations. The Fund invests largely in mid-sized company stocks, which may be less able to weather economic shifts or other adverse developments than those of larger, more established companies. Due to the Fund's investment exposure to American Depositary Receipts, foreign companies and emerging markets, the Fund may experience increased market, liquidity, currency, political, information, and other risks. As compared with companies organized and operated in the U.S., these companies may be more vulnerable to economic, political and social instability and subject to less government supervision, lack of transparency, inadequate regulatory and accounting standards, and foreign taxes. The securities of foreign companies also may be subject to inadequate exchange control regulations, the imposition of economic sanctions or threat thereof or other government restrictions, higher transaction and other costs, and delays in settlement to the extent they are traded on non-U.S. exchanges or markets.

Small Cap Value Fund has particular risks associated with small company value stocks. Small company value stocks may perform differently than the market as a whole and from other types of stocks, such as large company stocks or growth stocks. The market may fail to recognize the intrinsic value of particular value stocks for a long time. In addition, small cap company stocks may be more volatile and less liquid than large cap company stocks, especially over the short term. The securities of small companies may be less well-known and less widely held and trade less frequently and in more limited volume than the securities of large cap company stocks. Small companies also may fall out of favor relative to larger companies in certain market cycles, causing the Fund to incur losses or underperform. Also, if the Fund's assessment of a company's value or prospects for exceeding earnings expectations or market conditions is wrong, the Fund could suffer losses or produce poor performance relative to other funds, even in a favorable market.

Geopolitical and other events, such as war, acts of terrorism, tariffs and other restrictions on trade, natural disasters, the spread of infectious illnesses, epidemics and pandemics, environmental and other public health issues, supply chain disruptions, inflation, recessions or other events, and governments' reactions to such events, may lead to increased market volatility and instability in world economies and markets generally and may have adverse effects on the performance of each Fund and its investments.

A widespread health crisis, such as a global pandemic, could cause substantial market volatility, impact the ability to complete redemptions, and adversely impact Fund performance. For example, the effects to public health, business and market conditions resulting from the COVID-19 pandemic have had, and may in the future have, a significant negative impact on the performance of each Fund's investments, including exacerbating other pre-existing political, social and economic risks. In addition, the increasing interconnectedness of markets around the world may result in many markets being affected by events or conditions in a single country or region or events affecting a single or small number of issuers.

It is difficult to accurately predict or foresee when events or conditions affecting the U.S. or global financial markets, economies, and issuers may occur, the effects of such events or conditions, potential escalations or expansions of these events, possible retaliations in response to sanctions or similar actions and the duration or ultimate impact of those events. The foregoing could disrupt the operations of each Fund and its service providers, adversely affect the value and liquidity of each Fund's investments and negatively impact each Fund's performance and your investment in each Fund.

**Notes to Financial Statements (unaudited)(continued)**

&nbsp;&nbsp;&nbsp;&nbsp;**12.** SUMMARY
 OF CAPITAL TRANSACTIONS

Transactions in shares of capital stock were as follows:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Dividend Growth Fund** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Year Ended<br> November 30, 2024** | **Year Ended<br> November 30, 2024** |
| **Class A Shares** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares sold | 5130636 | $116556684 | 7942418 | $171733225 |
| Reinvestment of distributions | 5199135 | 120250681 | 1479396 | 30359890 |
| Shares reacquired | (8371617) | (188980102) | (14594700) | (315825501) |
| Increase (decrease) | 1958154 | $47827263 | (5172886) | $(113732386) |
| **Class C Shares** |  |  |  |  |
| Shares sold | 545036 | $12105721 | 810475 | $17202574 |
| Reinvestment of distributions | 241303 | 5484815 | 43700 | 835362 |
| Shares reacquired | (1213531) | (26896559) | (2423642) | (52051079) |
| Decrease | (427192) | $(9306023) | (1569467) | $(34013143) |
| **Class F Shares** |  |  |  |  |
| Shares sold | 214667 | $4951739 | 253072 | $5633494 |
| Reinvestment of distributions | 124126 | 2895705 | 42890 | 888362 |
| Shares reacquired | (465737) | (10620862) | (859901) | (18795480) |
| Decrease | (126944) | $(2773418) | (563939) | $(12273624) |
| **Class F3 Shares** |  |  |  |  |
| Shares sold | 1891904 | $43856341 | 2826669 | $63260986 |
| Reinvestment of distributions | 717595 | 16970720 | 227348 | 4805653 |
| Shares reacquired | (1646981) | (38193363) | (3292029) | (73011380) |
| Increase (decrease) | 962518 | $22633698 | (238012) | $(4944741) |
| **Class I Shares** |  |  |  |  |
| Shares sold | 5448034 | $125474577 | 9137188 | $207549524 |
| Reinvestment of distributions | 1736739 | 40708101 | 570112 | 11900964 |
| Shares reacquired | (4774550) | (110848749) | (16304246) | (340478791) |
| Increase (decrease) | 2410223 | $55333929 | (6596946) | $(121028303) |
| **Class P Shares** |  |  |  |  |
| Shares sold | 10680 | $238074 | 5455 | $120984 |
| Reinvestment of distributions | 2153 | 50234 | 496 | 10189 |
| Shares reacquired | (10792) | (244417) | (4398) | (95200) |
| Increase | 2041 | $43891 | 1553 | $35973 |
| **Class R2 Shares** |  |  |  |  |
| Shares sold | 1167 | $26797 | 5918 | $129094 |
| Reinvestment of distributions | 2123 | 49862 | 654 | 13395 |
| Shares reacquired | (2204) | (49709) | (26467) | (626142) |
| Increase (decrease) | 1086 | $26950 | (19895) | $(483653) |
| **Class R3 Shares** |  |  |  |  |
| Shares sold | 32472 | $740337 | 91639 | $1955074 |
| Reinvestment of distributions | 29537 | 678720 | 7673 | 154544 |
| Shares reacquired | (63522) | (1452473) | (189594) | (4057183) |
| Decrease | (1513) | $(33416) | (90282) | $(1947565) |

---

**Notes to Financial Statements (unaudited)(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Dividend Growth Fund** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Year Ended<br> November 30, 2024** | **Year Ended<br> November 30, 2024** |
| **Class R4 Shares** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares sold | 20936 | $474654 | 53840 | $1174842 |
| Reinvestment of distributions | 7716 | 178292 | 2120 | 43425 |
| Shares reacquired | (81409) | (1865214) | (151770) | (3371577) |
| Decrease | (52757) | $(1212268) | (95810) | $(2153310) |
| **Class R5 Shares** |  |  |  |  |
| Shares sold | 49901 | $1185813 | 4869 | $98377 |
| Reinvestment of distributions | 600 | 13949 | 229 | 4794 |
| Shares reacquired | (23243) | (529662) | (8421) | (188892) |
| Increase (decrease) | 27258 | $670100 | (3323) | $(85721) |
| **Class R6 Shares** |  |  |  |  |
| Shares sold | 234904 | $5417970 | 161924 | $3522866 |
| Reinvestment of distributions | 12765 | 301899 | 3995 | 84422 |
| Shares reacquired | (155485) | (3638500) | (146994) | (3176411) |
| Increase | 92184 | $2081369 | 18925 | $430877 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Growth Opportunities Fund** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Year Ended<br> November 30, 2024** | **Year Ended<br> November 30, 2024** |
| **Class A Shares** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares sold | 623375 | $15538994 | 983798 | $21459523 |
| Shares reacquired | (1296226) | (31850664) | (2600434) | (56158599) |
| Decrease | (672851) | $(16311670) | (1616636) | $(34699076) |
| **Class C Shares** |  |  |  |  |
| Shares sold | 44027 | $640097 | 68934 | $848093 |
| Shares reacquired | (96094) | (1324091) | (269483) | (3278205) |
| Decrease | (52067) | $(683994) | (200549) | $(2430112) |
| **Class F Shares** |  |  |  |  |
| Shares sold | 3160 | $90474 | 7423 | $201336 |
| Shares reacquired | (6555) | (168170) | (33559) | (769009) |
| Decrease | (3395) | $(77696) | (26136) | $(567673) |
| **Class F3 Shares** |  |  |  |  |
| Shares sold | 848675 | $26489993 | 867561 | $23625680 |
| Shares reacquired | (414428) | (12557898) | (685773) | (18475627) |
| Increase | 434247 | $13932095 | 181788 | $5150053 |
| **Class I Shares** |  |  |  |  |
| Shares sold | 1954851 | $56397722 | 546998 | $15698864 |
| Shares reacquired | (410562) | (12061732) | (650875) | (16560352) |
| Increase (decrease) | 1544289 | $44335990 | (103877) | $(861488) |
| **Class P Shares** |  |  |  |  |
| Shares sold | 10169 | $222183 | 14513 | $288434 |
| Shares reacquired | (19674) | (489638) | (36192) | (715133) |
| Decrease | (9505) | $(267455) | (21679) | $(426699) |

---

**Notes to Financial Statements (unaudited)(continued)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Growth Opportunities Fund** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Year Ended<br> November 30, 2024** | **Year Ended<br> November 30, 2024** |
| **Class R2 Shares** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares sold | 2250 | $49565 | 13568 | $257793 |
| Shares reacquired | (1916) | (42147) | (36606) | (691081) |
| Increase (decrease) | 334 | $7418 | (23038) | $(433288) |
| **Class R3 Shares** |  |  |  |  |
| Shares sold | 33199 | $784969 | 51947 | $1043711 |
| Shares reacquired | (34545) | (806038) | (119101) | (2367818) |
| Decrease | (1346) | $(21069) | (67154) | $(1324107) |
| **Class R4 Shares** |  |  |  |  |
| Shares sold | 5991 | $153620 | 13930 | $300035 |
| Shares reacquired | (33265) | (868040) | (20189) | (426196) |
| Decrease | (27274) | $(714420) | (6259) | $(126161) |
| **Class R5 Shares** |  |  |  |  |
| Shares sold |  | $– | 442 | $10074 |
| Shares reacquired | – | – | (2076) | (48286) |
| Decrease | – | $– | (1634) | $(38212) |
| **Class R6 Shares** |  |  |  |  |
| Shares sold | 50502 | $1621276 | 34328 | $899595 |
| Shares reacquired | (55379) | (1684609) | (66600) | (1774044) |
| Decrease | (4877) | $(63333) | (32272) | $(874449) |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Cap Value Fund** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Year Ended<br> November 30, 2024** | **Year Ended<br> November 30, 2024** |
| **Class A Shares** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares sold | 453612 | $6722928 | 595730 | $9324885 |
| Reinvestment of distributions | 1150743 | 18273804 | 14747 | 220475 |
| Shares reacquired | (1228779) | (18147659) | (2190814) | (34276509) |
| Increase (decrease) | 375576 | $6849073 | (1580337) | $(24731149) |
| **Class C Shares** |  |  |  |  |
| Shares sold | 77038 | $144673 | 63752 | $206901 |
| Reinvestment of distributions | 721890 | 1429342 | 8797 | 27622 |
| Shares reacquired | (389178) | (762306) | (462342) | (1509068) |
| Increase (decrease) | 409750 | $811709 | (389793) | $(1274545) |
| **Class F Shares** |  |  |  |  |
| Shares sold | 11528 | $177213 | 13768 | $228049 |
| Reinvestment of distributions | 12040 | 194213 | 370 | 5614 |
| Shares reacquired | (15717) | (229649) | (62635) | (991728) |
| Increase (decrease) | 7851 | $141777 | (48497) | $(758065) |
| **Class F3 Shares** |  |  |  |  |
| Shares sold | 124804 | $2528105 | 161127 | $3419810 |
| Reinvestment of distributions | 104961 | 2318586 | 4145 | 83678 |
| Shares reacquired | (169293) | (3428199) | (349387) | (7440485) |
| Increase (decrease) | 60472 | $1418492 | (184115) | $(3936997) |

---

**Notes to Financial Statements (unaudited)(concluded)**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Small Cap Value Fund** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Six Months Ended<br> May 31, 2025<br> (unaudited)** | **Year Ended<br> November 30, 2024** | **Year Ended<br> November 30, 2024** |
| **Class I Shares** | **Shares** | **Amount** | **Shares** | **Amount** |
| Shares sold | 378806 | $7010731 | 326323 | $7000912 |
| Reinvestment of distributions | 526132 | 11474945 | 19767 | 394751 |
| Shares reacquired | (308272) | (6568163) | (1198240) | (25350959) |
| Increase (decrease) | 596666 | $11917513 | (852150) | $(17955296) |
| **Class P Shares** |  |  |  |  |
| Shares sold | 34119 | $427884 | 84990 | $1225300 |
| Reinvestment of distributions | 71002 | 1009651 |  |  |
| Shares reacquired | (108583) | (1550290) | (412402) | (5773513) |
| Decrease | (3462) | $(112755) | (327412) | $(4548213) |
| **Class R2 Shares** |  |  |  |  |
| Shares sold | 10488 | $128258 | 26290 | $361896 |
| Reinvestment of distributions | 7039 | 97134 |  |  |
| Shares reacquired | (8909) | (113218) | (10993) | (147827) |
| Increase | 8618 | $112174 | 15297 | $214069 |
| **Class R3 Shares** |  |  |  |  |
| Shares sold | 103204 | $1267072 | 48130 | $759817 |
| Reinvestment of distributions | 18503 | 264772 |  |  |
| Shares reacquired | (63422) | (772662) | (119982) | (1773890) |
| Increase (decrease) | 58285 | $759182 | (71852) | $(1014073) |
| **Class R4 Shares** |  |  |  |  |
| Shares sold | 4241 | $59947 | 4848 | $75731 |
| Reinvestment of distributions | 2441 | 38885 | 29 | 429 |
| Shares reacquired | (4995) | (79082) | (1395) | (21586) |
| Increase | 1687 | $19750 | 3482 | $54574 |
| **Class R5 Shares** |  |  |  |  |
| Shares sold | 83 | $1500 | 221 | $4526 |
| Reinvestment of distributions | 1043 | 22779 | 41 | 827 |
| Shares reacquired | (364) | (7789) | (2418) | (52504) |
| Increase (decrease) | 762 | $16490 | (2156) | $(47151) |
| **Class R6 Shares** |  |  |  |  |
| Shares sold | 18714 | $402629 | 87297 | $1774100 |
| Reinvestment of distributions | 6467 | 142798 | 154 | 3108 |
| Shares reacquired | (27580) | (546371) | (42616) | (921293) |
| Increase (decrease) | (2399) | $(944) | 44835 | $855915 |

---

**Changes in and Disagreements with Accountants**

There were no changes in or disagreements with accountants during the period.

**Proxy Disclosures**

There were no matters submitted to a vote of shareholders during the period.

**Remuneration Paid to Directors, Officers, and Others**

Remuneration paid to directors, officers, and others is included in "Directors' Remuneration" under Item 7 of this Form N-CSR.

**Statement Regarding Basis for Approval of Investment Advisory Contract** 

**Research Fund**

(Lord Abbett Dividend Growth Fund, Lord Abbett Growth Opportunities Fund, and Lord Abbett Small Cap Value Fund)

The Board, including all of the Directors who are not "interested persons" of the Company or of Lord Abbett, as defined in the Investment Company Act of 1940, as amended (the "Independent Directors"), annually considers whether to approve the continuation of the existing management agreement between each Fund and Lord Abbett (the "Agreement"). In connection with its most recent approval, the Board reviewed materials relating specifically to the Agreement, as well as numerous materials received throughout the course of the year, including information about each Fund's investment performance compared to the performance of an appropriate benchmark. Before making its decision as to each Fund, the Board had the opportunity to ask questions and request further information, taking into account its knowledge of Lord Abbett gained through its meetings and discussions. The Independent Directors also met with their independent legal counsel in various private sessions at which no representatives of management were present.

The materials received by the Board as to each Fund included, but were not limited to: (1) information provided by Broadridge Financial Solutions ("Broadridge") regarding the investment performance of the Fund compared to the investment performance of certain funds with similar investment styles as determined by Broadridge, based, in part, on the Fund's Morningstar category (the "performance peer group") and the investment performance of one or more appropriate benchmarks; (2) information provided by Broadridge regarding the expense ratios, contractual and actual management fee rates, and other expense components for the Fund and certain funds in the same Morningstar category, with generally the same or similar share classes and operational characteristics, including asset size (the "expense peer group"); (3) certain supplemental investment performance information provided by Lord Abbett; (4) information provided by Lord Abbett on the expense ratios, management fee rates, and other expense components for the Fund; (5) sales and redemption information for the Fund; (6) information regarding Lord Abbett's financial condition; (7) an analysis of the relative profitability to Lord Abbett of providing management and administrative services to the Fund; and (8) information regarding the personnel and other resources devoted by Lord Abbett to managing the Fund.

Investment Management and Related Services Generally. The Board considered the services provided by Lord Abbett to each Fund, including investment research, portfolio management and trading, and Lord Abbett's commitment to compliance with all applicable legal requirements and

**Statement Regarding Basis for Approval of Investment Advisory Contract (continued)**

recent investments undertaken to enhance its compliance oversight. The Board also observed that Lord Abbett was solely engaged in the investment management business and accordingly did not experience the conflicts of interest that may result from being engaged in other lines of business, although the Board was mindful that other conflicts of interest may exist. The Board considered the investment advisory services provided by Lord Abbett to other clients, the fees charged for the services, and the differences in the nature of the services provided to each Fund and other Lord Abbett Funds, on the one hand, and the services provided to other clients, on the other. The Board observed that differences in fee rates between these clients and the Lord Abbett Funds are not uniform when examined on a fund-by-fund basis, suggesting that differences in the pricing of investment management services to these clients may reflect a variety of factors, including historical competitive forces operating in separate marketplaces. The Board considered the fact that in many instances, fee rates are higher on average for mutual fund clients than for other clients. The Board did not rely on these comparisons to any significant extent in reaching their decision. After reviewing these and related factors, the Board concluded that each Fund was likely to continue to benefit from the nature, extent and quality of the investment services provided by Lord Abbett under the Agreement.

Investment Performance. The Board reviewed each Fund's investment performance in relation to that of its performance peer group and one or more appropriate benchmarks as of various periods ended June 30, 2024. With respect to Dividend Growth Fund, the Board observed that the Fund's investment performance was above the median of the performance peer group for the one-, three-, five- and ten-year periods. With respect to Growth Opportunities Fund, the Board observed that the Fund's investment performance was above the median of the performance peer group for the one-year period but below the median of the performance peer group for the three-, five- and ten-year periods. With respect to Small Cap Value Fund, the Board observed that the Fund's investment performance was above the median of the performance peer group for the one-year period and equal to the median of the performance peer group for the three- and five-year periods, but below the median of the performance peer group for the ten-year period. In each case, the Board considered Lord Abbett's explanation of the Fund's performance. Additionally, the Board took into account actions taken by Lord Abbett to attempt to improve fund performance. The Board further considered Lord Abbett's performance and reputation generally, the performance of other Lord Abbett-managed funds overseen by the Board, and the willingness of Lord Abbett to take steps intended to improve performance when appropriate. After reviewing these and other factors, including those described below, the Board concluded that each Fund's Agreement should be continued.

Lord Abbett's Personnel and Methods. The Board considered the qualifications of the personnel providing investment management services to each Fund, in light of its investment objective and discipline, and other services provided to each Fund by Lord Abbett. Among other things, the Board considered the size, experience, and turnover of Lord Abbett's staff, the resources made available to them, Lord Abbett's investment methodologies and philosophy, and Lord Abbett's approach to recruiting, training, and retaining personnel.

Nature and Quality of Other Services. The Board considered the nature, quality, and extent of compliance, administrative, and other services performed by Lord Abbett and the nature and extent of Lord Abbett's supervision of third-party service providers, including each Fund's transfer agent and custodian.

**Statement Regarding Basis for Approval of Investment Advisory Contract (continued)**

Expenses. The Board considered the expense level of each Fund, including the contractual and actual management fee rates, and the expense levels of the Fund's expense peer group. It also considered how each of the expense level and the actual management fee rates of each Fund related to those of the expense peer group and the amount and nature of the fees paid by shareholders. As to each of Dividend Growth Fund, Growth Opportunities Fund and Small Cap Value Fund, the Board observed that the net total expense ratio and the actual management fee of each Fund were both below the median of the expense peer group. After reviewing these and related factors, the Board concluded, within the context of its overall approval of the Agreement, that the management fee schedule in place for each Fund was reasonable in light of all of the factors it considered, including the nature, quality and extent of services provided by Lord Abbett.

Profitability. As to each Fund, the Board considered the level of Lord Abbett's operating margin in managing the Fund, including a review of Lord Abbett's methodology for allocating its costs to its management of the Fund. It considered whether each Fund was profitable to Lord Abbett in connection with the Fund's operation, including the fee that Lord Abbett receives from the Fund for providing administrative services to the Fund. The Board considered Lord Abbett's profit margins, excluding Lord Abbett's marketing and distribution expenses. The Board also considered Lord Abbett's profit margins without those exclusions in comparison with available industry data and how those profit margins could affect Lord Abbett's ability to recruit and retain personnel. The Board recognized that Lord Abbett's overall profitability was a factor in enabling it to attract and retain qualified personnel to provide services to each Fund. After reviewing these and related factors, the Board concluded, within the context of its overall approval of the Agreement, that Lord Abbett's profitability with respect to each Fund was not excessive.

Economies of Scale. As to each Fund, the Board considered the extent to which there had been economies of scale in managing the Fund, whether the Fund's shareholders had appropriately benefited from such economies of scale, and whether there was potential for realization of any further economies of scale. The Board also considered information provided by Lord Abbett regarding how it shares any potential economies of scale through its investments in its businesses supporting the Funds. The Board also considered each Fund's existing management fee schedule, with one or more contractual breakpoints in the level of management fee, and, with respect to each of Dividend Growth Fund and Growth Opportunities Fund, the Fund's expense limitation agreement. Based on these considerations, the Board concluded that any economies of scale were adequately addressed in respect of each Fund.

Other Benefits to Lord Abbett. As to each Fund, the Board considered the amount and nature of the fees paid by the Fund and the Fund's shareholders to Lord Abbett and the Distributor for services other than investment advisory services, such as the fee that Lord Abbett receives from each Fund for providing administrative services to the Fund. The Board also considered the revenues and profitability of Lord Abbett's investment advisory business apart from its mutual fund business, and the intangible benefits enjoyed by Lord Abbett by virtue of its relationship with each Fund. The Board observed that the Distributor receives 12b-1 fees from certain of the Lord Abbett Funds as to shares held in accounts for which there is no other broker of record, that the Distributor may retain a portion of the 12b-1 fees it receives, and that the Distributor receives a portion of the sales charges on sales and redemptions of some classes of shares of the Lord Abbett Funds. In addition, the Board observed that Lord Abbett accrues certain benefits for its business of providing investment advice to clients other than the Lord Abbett Funds, but that business also benefits the

**Statement Regarding Basis for Approval of Investment Advisory Contract (concluded)**

Funds. The Board also noted that Lord Abbett, as disclosed in the prospectus of each Fund, has entered into revenue sharing arrangements with certain entities that distribute shares of the Lord Abbett Funds. The Board also took into consideration the investment research that Lord Abbett receives as a result of client brokerage transactions.

Alternative Arrangements. As to each Fund, the Board considered whether, instead of approving continuation of the Agreement, it might be in the best interests of the Fund to implement one or more alternative arrangements, such as continuing to employ Lord Abbett, but on different terms. After considering all of the relevant factors, the Board unanimously found that continuation of the Agreement was in the best interests of each Fund and its shareholders and voted unanimously to approve the continuation of the Agreement on behalf of each Fund. As to each Fund, in considering whether to approve the continuation of the Agreement, the Board did not identify any single factor as paramount or controlling. Individual Directors may have evaluated the information presented differently from one another, giving different weights to various factors. This summary does not discuss in detail all matters considered.

![](x6_c112800x48x1m4.jpg)

---

| | | |
|:---|:---|:---|
| ![](x6_c112800x48x2m4.jpg) <br>This report, when not used for the general information of shareholders of the Fund, is to be distributed only if preceded or accompanied by a current fund prospectus.<br>Lord Abbett mutual fund shares are distributed by<br> LORD ABBETT DISTRIBUTOR LLC. | **Lord Abbett Research Fund, Inc.**<br>Lord Abbett Dividend Growth Fund <br>Lord Abbett Growth Opportunities Fund<br>Lord Abbett Small-Cap Value Series | LARF-3<br> (07/25) |

---

---

| | |
|:---|:---|
| **Item 12:** | **Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 13:** | **Portfolio Managers of Closed-End Management Investment Companies**. |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 14:** | **Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 15:** | **Submission of Matters to a Vote of Security Holders.** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 16:** | **Controls and Procedures.** |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The principal executive officer and principal financial & accounting officer have concluded as of a date within 90 days of the
filing date of this report,

based on their evaluation of the Registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940), that the design of such procedures is effective to provide reasonable assurance that material information required to be disclosed by the Registrant on Form N-CSR is recorded, processed, summarized and reported within the time periods specified in the Commission's rules and forms.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment
Company Act of 1940) that occurred during the period covered by this report that have materially affected, or are reasonably likely to
materially affect, the Registrant's internal control over financial reporting.

---

| | |
|:---|:---|
| **Item 17:** | **Disclosure of Securities Lending Activities for Closed-End Management Investment Companies.** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 18:** | **Recovery of Erroneously Awarded Compensation.** |

---

Not applicable.

---

| | |
|:---|:---|
| **Item 19:** | **Exhibits.** |

---

(a)(1) Code of Ethics. Not applicable.

(a)(2) Not applicable.

(a)(3) [Certification of each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 is attached hereto as a part of EX-99.CERT.](c112800_ex99-cert.htm)

(a)(4) Not applicable.

(a)(5) Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) [Certification of each principal executive officer and principal financial officer of the Registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 is provided as a part of EX-99.906CERT.](c112800_ex99-906cert.htm)

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

**LORD ABBETT RESEARCH FUND, INC.**

---

| | |
|:---|:---|
| By: | /s/ Douglas B. Sieg |
|  | Douglas B. Sieg<br> President and Chief Executive Officer<br> (Principal Executive Officer) |

---

Date: July 29, 2025

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By: | /s/ Douglas B. Sieg |
|  | Douglas B. Sieg<br> President and Chief Executive Officer<br> (Principal Executive Officer) |

---

Date: July 29, 2025

---

| | |
|:---|:---|
| By: | /s/ Michael J. Hebert |
|  | Michael J. Hebert<br> Chief Financial Officer and Treasurer<br> (Principal Financial Officer) |

---

Date: July 29, 2025

## Ex-99.Cert

EX-99.CERT

CERTIFICATIONS

Pursuant to Section 302 of the

Sarbanes-Oxley Act of 2002

I, Douglas B. Sieg, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Lord Abbett Research Fund, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and
cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the
periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Registrant's other certifying officer and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control
over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known
to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed
under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this
report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during
the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's
internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Registrant's other certifying officer and I have disclosed to the Registrant's
auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial
information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's
internal control over financial reporting.

Date: July 29, 2025

---

| |
|:---|
| <u><u>/s/ Douglas B. Sieg</u></u> |
| Douglas B. Sieg |
| President and Chief Executive Officer |
| (Principal Executive Officer) |

---

EX-99.CERT

CERTIFICATIONS

Pursuant to Section 302 of the

Sarbanes-Oxley Act of 2002

I, Michael J. Hebert, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Lord Abbett Research Fund, Inc.;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements
were made, not misleading with respect to the period covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in
this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and
cash flows (if the financial statements are required to include a statement of cash flows) of the Registrant as of, and for, the
periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. The Registrant's other certifying officer and I are responsible for establishing and maintaining
disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control
over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the Registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our
supervision, to ensure that material information relating to the Registrant, including its consolidated subsidiaries, is made known
to us by others within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed
under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of
financial statements for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) evaluated the effectiveness of the Registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this
report based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) disclosed in this report any change in the Registrant's internal control over financial reporting that occurred during
the period covered by this report that has materially affected, or is reasonably likely to materially affect, the Registrant's
internal control over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. The Registrant's other certifying officer and I have disclosed to the Registrant's
auditors and the audit committee of the Registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) all significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the Registrant's ability to record, process, summarize, and report financial
information; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) any fraud, whether or not material, that involves management or other employees who have a significant role in the Registrant's
internal control over financial reporting.

Date: July 29, 2025

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| |
|:---|
| <u><u>/s/ Michael J. Hebert</u></u> |
| Michael J. Hebert |
| Chief Financial Officer and Treasurer |
| (Principal Financial Officer) |

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## Exhibit 99.906

EX-99.906CERT

CERTIFICATIONS

Pursuant to Section 906 of the<br> Sarbanes-Oxley Act of 2002

Each of the undersigned below certifies that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. This report on Form N-CSR of Lord Abbett Research Fund, Inc. (the "Report") fully complies with the requirements
of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations
of the issuer.

Date: July 29, 2025

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| | |
|:---|:---|
| By: | <u>/s/ Douglas B. Sieg</u> |
|  | Douglas B. Sieg<br> President and Chief Executive Officer<br> (Principal Executive Officer) |

---

---

| | |
|:---|:---|
| By: | <u>/s/ Michael J. Hebert</u> |
|  | Michael J. Hebert<br> Chief Financial Officer and Treasurer<br> (Principal Financial Officer) |

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A SIGNED ORIGINAL OF THIS WRITTEN STATEMENT REQUIRED BY SECTION 906, OR OTHER DOCUMENT AUTHENTICATING, ACKNOWLEDGING, OR OTHERWISE ADOPTING THE SIGNATURE THAT APPEARS IN TYPED FORM WITHIN THE ELECTRONIC VERSION OF THIS WRITTEN STATEMENT REQUIRED BY SECTION 906, HAS BEEN PROVIDED TO THE REGISTRANT AND WILL BE RETAINED BY THE REGISTRANT AND FURNISHED TO THE SECURITIES AND EXCHANGE COMMISSION OR ITS STAFF UPON REQUEST.