Jackson Square Global Growth IS
Name
As of 10/14/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-38.6%
1 yr return
-27.9%
3 Yr Avg Return
3.8%
5 Yr Avg Return
7.0%
Net Assets
$10.7 M
Holdings in Top 10
42.9%
52 WEEK LOW AND HIGH
$18.2
$17.71
$37.85
Expenses
OPERATING FEES
Expense Ratio 0.98%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 31.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 10/14/2022Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
JSPUX - Profile
Distributions
- YTD Total Return -38.6%
- 3 Yr Annualized Total Return 3.8%
- 5 Yr Annualized Total Return 7.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.61%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameJackson Square Global Growth Fund
-
Fund Family NameJackson Square
-
Inception DateSep 19, 2016
-
Shares Outstanding492530
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerChristopher Bonavico
Fund Description
The Fund is diversified and invests primarily in common stocks of growth-oriented U.S. and non-U.S. companies of any size, which may include companies located or operating in developed, emerging, or frontier markets, that the Adviser believes have long-term capital appreciation potential and may grow faster than the global economy. The Fund tends to hold a relatively focused portfolio of between 25 and 50 companies, although from time to time the Fund may hold fewer or more companies depending on the Adviser’s assessment of the investment opportunities available. Although the Fund may invest in companies of any size, the Fund will primarily invest in mid- and large-cap companies. From time to time, the Fund may focus its investments in securities of companies in the same economic sector, including the Information Technology sector.
In addition, the Fund may invest in real estate investment trusts (“REITs”). REITs are corporations or trusts that invest primarily in fee or leasehold ownership of real estate, mortgages or shares issued by other REITs, and that receive favorable tax treatment provided they meet certain conditions, including the requirement that they distribute at least 90% of their taxable income.
Using a bottom-up approach in selecting securities for the Fund, the Adviser seeks to select securities of companies that it believes are beneficiaries of fundamental change, have strong competitive positions, attractive unit economics capable of generating strong and consistent cash flows as the business scales, shareholder-aligned management teams and the opportunity to generate consistent, long-term growth of intrinsic value. The Adviser typically considers a company’s operational efficiency and management’s plans for capital allocation. Through the Adviser’s investment research process, it seeks to identify the companies that it believes will exceed the market’s expectations for: 1) key financial metrics and 2) sustainable competitive advantage. The Adviser purchases these securities for the Fund when it believes the market has not already reflected these expectations in the current stock price. Additionally, the Adviser typically invests for a 3-5 year time horizon, allowing it to take advantage of discrepancies between short-term price movements and long-term fundamental prospects.
Under normal circumstances, the Fund will invest at least 40% of its net assets in non-U.S. securities, including global depositary receipts (“GDRs”) and American depositary receipts (“ADRs”), and it will invest in equity securities of issuers located in at least 3 different countries including the U.S. Subject to this limitation, there is no further limit on the amount of the Fund’s total assets that may be invested in a single country. When market conditions are not favorable, the Fund will invest at least 30% of its total assets in companies located outside the U.S. Although the Fund can invest in companies from any country, it will invest mainly in countries with developed economies. The Fund will limit its investments in emerging market and frontier market securities to a maximum of 30% of its total assets and typically substantially less. The Fund determines that a market is an emerging market if it is included in the MSCI Emerging Markets Index; the Fund determines that a market is a frontier market if it is included in the MSCI Frontier Markets Index. To the extent the Fund invests in securities denominated in a particular currency, it may invest in forward foreign currency exchange contracts to hedge currency risks associated with the investment.
Holdings are typically sold to make room in the portfolio for more attractive stocks, or where the holding reaches the Adviser’s estimate for its intrinsic value, or in response to an unexpected, negative fundamental change, including a change in management’s strategic direction.
JSPUX - Performance
Return Ranking - Trailing
| Period | JSPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -38.6% | -35.6% | 29.2% | 96.20% |
| 1 Yr | -27.9% | 17.3% | 252.4% | 13.75% |
| 3 Yr | 3.8%* | -3.5% | 34.6% | 7.66% |
| 5 Yr | 7.0%* | 0.1% | 32.7% | N/A |
| 10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Return Ranking - Calendar
| Period | JSPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.4% | -24.3% | 957.1% | 8.98% |
| 2022 | 33.5% | -38.3% | 47.1% | 24.15% |
| 2021 | 25.9% | -54.2% | 0.6% | 15.34% |
| 2020 | -10.2% | -76.0% | 54.1% | 6.44% |
| 2019 | 31.2% | -26.1% | 47.8% | N/A |
Total Return Ranking - Trailing
| Period | JSPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -38.6% | -35.6% | 29.2% | 96.20% |
| 1 Yr | -27.9% | 11.4% | 252.4% | 13.07% |
| 3 Yr | 3.8%* | -3.5% | 34.6% | 7.30% |
| 5 Yr | 7.0%* | 0.1% | 32.7% | N/A |
| 10 Yr | N/A* | -6.9% | 18.3% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | JSPUX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -13.4% | -24.3% | 957.1% | 8.98% |
| 2022 | 33.5% | -33.1% | 47.1% | 24.27% |
| 2021 | 25.9% | -44.4% | 1.8% | 6.59% |
| 2020 | -3.9% | -6.5% | 54.1% | 8.35% |
| 2019 | 33.8% | -14.4% | 47.8% | N/A |
NAV & Total Return History
JSPUX - Holdings
Concentration Analysis
| JSPUX | Category Low | Category High | JSPUX % Rank | |
|---|---|---|---|---|
| Net Assets | 10.7 M | 199 K | 133 B | 93.31% |
| Number of Holdings | 36 | 1 | 9075 | 81.72% |
| Net Assets in Top 10 | 4.85 M | -18 M | 37.6 B | 91.41% |
| Weighting of Top 10 | 42.93% | 9.1% | 100.0% | 32.38% |
Top 10 Holdings
- Microsoft Corp 9.73%
- Mastercard Inc Class A 5.88%
- Visa Inc Class A 4.50%
- IQVIA Holdings Inc 4.41%
- Edwards Lifesciences Corp 3.93%
- ASML Holding NV 3.67%
- ASML Holding NV 3.67%
- ASML Holding NV 3.67%
- ASML Holding NV 3.67%
- ASML Holding NV 3.67%
Asset Allocation
| Weighting | Return Low | Return High | JSPUX % Rank | |
|---|---|---|---|---|
| Stocks | 96.34% | 61.84% | 125.47% | 20.37% |
| Cash | 3.66% | -174.70% | 23.12% | 75.00% |
| Preferred Stocks | 0.00% | -0.01% | 5.28% | 19.60% |
| Other | 0.00% | -13.98% | 19.14% | 28.85% |
| Convertible Bonds | 0.00% | 0.00% | 4.46% | 10.13% |
| Bonds | 0.00% | -1.50% | 161.67% | 14.32% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JSPUX % Rank | |
|---|---|---|---|---|
| Technology | 29.26% | 0.00% | 49.87% | 4.30% |
| Industrials | 18.20% | 0.00% | 44.06% | 2.42% |
| Financial Services | 17.29% | 0.00% | 38.42% | 82.71% |
| Healthcare | 16.37% | 0.00% | 35.42% | 89.87% |
| Communication Services | 8.49% | 0.00% | 57.66% | 4.96% |
| Consumer Cyclical | 8.09% | 0.00% | 40.94% | 66.96% |
| Consumer Defense | 2.31% | 0.00% | 73.28% | 86.56% |
| Utilities | 0.00% | 0.00% | 29.12% | 70.70% |
| Real Estate | 0.00% | 0.00% | 39.48% | 75.66% |
| Energy | 0.00% | 0.00% | 21.15% | 67.07% |
| Basic Materials | 0.00% | 0.00% | 38.60% | 87.11% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JSPUX % Rank | |
|---|---|---|---|---|
| US | 56.07% | 0.13% | 103.82% | 51.65% |
| Non US | 40.27% | 0.58% | 99.46% | 39.43% |
JSPUX - Expenses
Operational Fees
| JSPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.98% | 0.01% | 44.27% | 20.98% |
| Management Fee | 0.00% | 0.00% | 1.82% | 53.72% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 1.33% |
| Administrative Fee | N/A | 0.01% | 0.76% | N/A |
Sales Fees
| JSPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| JSPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| JSPUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 31.00% | 0.00% | 395.00% | 53.33% |
JSPUX - Distributions
Dividend Yield Analysis
| JSPUX | Category Low | Category High | JSPUX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 3.26% | 8.10% |
Dividend Distribution Analysis
| JSPUX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Annually | Annually |
Net Income Ratio Analysis
| JSPUX | Category Low | Category High | JSPUX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.61% | -4.27% | 12.65% | 38.86% |
Capital Gain Distribution Analysis
| JSPUX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Oct 11, 2022 | $0.484 | OrdinaryDividend |
| Dec 18, 2019 | $0.527 | OrdinaryDividend |
JSPUX - Fund Manager Analysis
Managers
Christopher Bonavico
Start Date
Tenure
Tenure Rank
Sep 19, 2016
5.7
5.7%
Christopher J. Bonavico, portfolio manager and analyst, joined JSP in April 2014. Previously, he was a vice president, senior portfolio manager and analyst at Delaware, and was a senior portfolio manager on its Focus Growth Equity team (2005 to 2014). Prior to that, he was a principal and portfolio manager at Transamerica Investment Management (1993 to 2005).
Patrick Fortier
Start Date
Tenure
Tenure Rank
Sep 19, 2016
5.7
5.7%
Patrick G. Fortier, CFA Portfolio Manager, Research Analyst Patrick G. Fortier became a member of Jackson Square, at its inception in May 2014, as a portfolio manager and research analyst. Prior to joining Jackson Square, he was a portfolio manager and equity analyst on the Delaware Investments Focus Growth Equity team from April 2005 to April 2014. The Focus Growth Equity team managed large-cap growth, smid-cap growth, all-cap growth and global growth portfolios. Prior to joining Delaware Investments, he was a portfolio manager at Transamerica Investment Management. Before joining Transamerica in 2000, he worked for OLDE Equity Research as an equity analyst. Fortier received his bachelor’s degree in finance from the University of Kentucky.
Brian Tolles
Start Date
Tenure
Tenure Rank
Jan 07, 2019
3.4
3.4%
Brian Tolles joined Jackson Square in February 2016. Prior to joining Jackson Square, he was an investment banking analyst at Qatalyst Partners from June 2014 to January 2016, focusing on technology companies. He received a bachelor’s degree from the Wharton School of the University of Pennsylvania.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.01 | 35.82 | 6.24 | 1.25 |