Jackson Square Large-Cap Growth Fund
Fund
JSPJX
Price as of:
$17.47
+ $0.19
+ 1.10%
Primary Theme
fund company
Name
As of 04/22/2024Price
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
8.0%
1 yr return
40.4%
3 Yr Avg Return
0.7%
5 Yr Avg Return
23.5%
Net Assets
$226 M
Holdings in Top 10
56.2%
52 WEEK LOW AND HIGH
$17.3
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.10%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 28.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$250
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/22/2024Price
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
JSPJX - Profile
Distributions
- YTD Total Return 8.0%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 23.5%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.75%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annual
Fund Details
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Legal NameJackson Square Large-Cap Growth Fund
-
Fund Family NameJackson Square
-
Inception DateSep 19, 2016
-
Shares Outstanding7254725
-
Share ClassInvestor
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJeffrey Van Harte
Fund Description
The Fund is non-diversified and invests primarily in common stocks of growth-oriented, U.S. companies that the Adviser believes have capital appreciation potential and may grow faster than the U.S. economy. Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in securities issued by large-capitalization companies, which the Adviser defines as companies having a market capitalization, at the time of purchase, within the range of the market capitalization of companies constituting the Russell 1000® Growth Index. As of December 31, 2023, the capitalization range of the Russell 1000® Growth Index was between approximately $978 million and $3 trillion. This investment policy can be changed by the Fund upon 60 days’ prior written notice to shareholders. While the market capitalization range for the Russell 1000® Growth Index will change on a periodic basis, the Fund will normally invest in common stocks of companies with market capitalizations of at least $3 billion at the time of purchase. The Fund tends to hold a relatively focused portfolio of between 25 and 35 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.From time to time, the Fund may focus its investments in securities of companies in the same economic sector, including the Information Technology sector.
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.
The Fund may invest up to 20% of its net assets in securities of foreign issuers, which may include global depositary receipts (“GDRs”) and, without limitation, sponsored and unsponsored American depositary receipts (“ADRs”) that are actively traded in the United States, including issuers located or operating in emerging markets and frontier markets. 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.
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.
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.
JSPJX - Performance
Return Ranking - Trailing
| Period | JSPJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.0% | -18.2% | 17.8% | 19.09% |
| 1 Yr | 40.4% | -22.9% | 52.5% | 1.29% |
| 3 Yr | 0.7%* | -31.1% | 21.6% | 78.92% |
| 5 Yr | 23.5%* | -16.6% | 28.0% | 0.38% |
| 10 Yr | N/A* | -6.0% | 18.4% | 9.27% |
* Annualized
Return Ranking - Calendar
| Period | JSPJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 51.5% | -74.1% | 72.4% | 4.41% |
| 2022 | -39.0% | -85.9% | 4.7% | 72.87% |
| 2021 | 26.8% | -52.4% | 60.5% | 3.82% |
| 2020 | 36.5% | -34.3% | 145.0% | 21.44% |
| 2019 | 3.0% | -21.8% | 49.4% | 97.49% |
Total Return Ranking - Trailing
| Period | JSPJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 8.0% | -18.2% | 17.8% | 19.09% |
| 1 Yr | 40.4% | -22.9% | 52.5% | 1.29% |
| 3 Yr | 0.7%* | -31.1% | 21.6% | 78.92% |
| 5 Yr | 23.5%* | -16.6% | 28.0% | 0.38% |
| 10 Yr | N/A* | -6.0% | 18.4% | 15.45% |
* Annualized
Total Return Ranking - Calendar
| Period | JSPJX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 51.5% | -4.6% | 72.4% | 7.18% |
| 2022 | -39.0% | -61.7% | 5.6% | 89.90% |
| 2021 | 84.7% | -39.8% | 118.1% | 0.27% |
| 2020 | 43.8% | 2.8% | 149.2% | 25.02% |
| 2019 | 26.7% | -5.2% | 49.4% | 92.18% |
NAV & Total Return History
JSPJX - Holdings
Concentration Analysis
| JSPJX | Category Low | Category High | JSPJX % Rank | |
|---|---|---|---|---|
| Net Assets | 226 M | 242 K | 269 B | 74.87% |
| Number of Holdings | 28 | 1 | 3217 | 93.80% |
| Net Assets in Top 10 | 119 M | 104 K | 111 B | 74.45% |
| Weighting of Top 10 | 56.17% | 0.7% | 205.0% | 23.23% |
Top 10 Holdings
- Microsoft Corp 12.79%
- Amazon.com Inc 7.65%
- NVIDIA Corp 5.77%
- Mastercard Inc 5.25%
- Visa Inc 4.74%
- CME Group Inc 4.32%
- Alphabet Inc 4.22%
- Canadian Pacific Kansas City Ltd 3.91%
- ServiceNow Inc 3.81%
- Waste Management Inc 3.72%
Asset Allocation
| Weighting | Return Low | Return High | JSPJX % Rank | |
|---|---|---|---|---|
| Stocks | 99.02% | 0.00% | 130.05% | 43.55% |
| Cash | 1.14% | -1.50% | 173.52% | 50.25% |
| Preferred Stocks | 0.00% | 0.00% | 7.84% | 78.01% |
| Other | 0.00% | -43.49% | 50.04% | 78.44% |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 76.19% |
| Bonds | 0.00% | 0.00% | 104.15% | 76.66% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | JSPJX % Rank | |
|---|---|---|---|---|
| Technology | 32.72% | 0.00% | 65.70% | 62.76% |
| Healthcare | 19.65% | 0.00% | 39.76% | 9.95% |
| Consumer Cyclical | 15.02% | 0.00% | 62.57% | 55.19% |
| Financial Services | 14.71% | 0.00% | 43.06% | 14.46% |
| Communication Services | 11.38% | 0.00% | 66.40% | 41.75% |
| Industrials | 6.51% | 0.00% | 30.65% | 47.45% |
| Utilities | 0.00% | 0.00% | 16.07% | 82.23% |
| Real Estate | 0.00% | 0.00% | 16.05% | 91.92% |
| Energy | 0.00% | 0.00% | 41.09% | 89.80% |
| Consumer Defense | 0.00% | 0.00% | 25.50% | 97.53% |
| Basic Materials | 0.00% | 0.00% | 18.91% | 93.45% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | JSPJX % Rank | |
|---|---|---|---|---|
| US | 99.02% | 0.00% | 130.05% | 32.77% |
| Non US | 0.00% | 0.00% | 78.10% | 82.26% |
JSPJX - Expenses
Operational Fees
| JSPJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.10% | 0.01% | 19.54% | 39.32% |
| Management Fee | 0.55% | 0.00% | 1.50% | 37.51% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 53.25% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| JSPJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 2.25% | 8.50% | 15.22% |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| JSPJX 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.
| JSPJX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 28.00% | 0.00% | 316.74% | 43.34% |
JSPJX - Distributions
Dividend Yield Analysis
| JSPJX | Category Low | Category High | JSPJX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 28.61% | 86.99% |
Dividend Distribution Analysis
| JSPJX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Annual | Annual |
Net Income Ratio Analysis
| JSPJX | Category Low | Category High | JSPJX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | -0.75% | -6.13% | 3.48% | 78.51% |
Capital Gain Distribution Analysis
| JSPJX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
JSPJX - Fund Manager Analysis
Managers
Jeffrey Van Harte
Start Date
Tenure
Tenure Rank
Apr 14, 2005
17.14
17.1%
Jeffrey S. Van Harte, chairman and the chief investment officer, joined Jackson Square Partners in April 2014. Previously, he was a senior vice president and the chief investment officer at Delaware, and was the chief investment officer for its Focus Growth Equity team (2005 to 2014). Prior to that, he was a principal and executive vice president at Transamerica Investment Management (1980 to 2005).
Christopher Ericksen
Start Date
Tenure
Tenure Rank
Sep 01, 2005
16.76
16.8%
Christopher M. Ericksen, portfolio manager and analyst, joined Jackson Square Partners in April 2014. Previously, he was a vice president, portfolio manager and analyst at Delaware, and was a portfolio manager on its Focus Growth Equity team (2005 to 2014). Prior to that, he was a portfolio manager at Transamerica Investment Management. Before joining Transamerica in 2004, he was a vice president at Goldman Sachs in investment banking and investment management (1994 to 2004).
William Montana
Start Date
Tenure
Tenure Rank
Jan 07, 2019
3.4
3.4%
William Montana, a portfolio manager and analyst, joined Jackson Square Partners in September 2014. Previously, he was an associate at TPG Capital, a private equity firm, and focused on growth capital opportunities (2011 to 2014). Prior to that, he was an investment banking analyst at Goldman Sachs and focused on financial institutions.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.04 | 54.45 | 8.22 | 3.08 |