For Financial Professionals in the US

JMGRX Enterprise Fund

A differentiated mid-cap growth strategy that takes a moderate approach to an asset class known for rapid growth potential

NAV
$124.81
As of 03/24/2023

1-Day Change
-$0.04 (-0.03%)
As of 03/24/2023

YTD Return
3.47%
As of 03/24/2023

Morningstar Rating

As of 02/28/2023

Morningstar Analyst Rating
Silver Morningstar Analyst Rating
As of 02/28/2023

Overview

ABOUT THIS FUND

By taking a moderate approach to an asset class with potential for rapid growth, this mid-cap growth fund has demonstrated lower volatility than the index. Unlike many competitor products that focus on short-term growth rates, this strategy seeks to invest in companies that exhibit sustainable and durable growth.

Brian Demain’s Q&A with Barron’s

Portfolio Manager Brian Demain’s recent Q&A in Barron’s discussing his outlook for the year, investment criteria, and themes and stocks he is excited about in 2023.

Learn more

WHY INVEST IN THIS FUND

Smart Growth Approach
The Fund’s investment approach focuses on long-duration, sustainable-growth companies with strong competitive advantages and large addressable markets. We seek to avoid companies with rapid but unsustainable, short-term growth profiles.

Deep, Specialized Team
The Fund benefits from experienced Portfolio Managers with expertise in mid-cap investing; in-depth fundamental research conducted by a dedicated team of experts exclusively focused on small-mid-cap companies; and the broader support of an insightful team of equity investment professionals.

Growth Potential with Tempered Volatility
The Portfolio offers exposure to medium-size companies with resilient business models and is designed to weather a variety of market environments and take on moderately less risk than the index.

Strong risk-adjusted performance vs. peers

10-Year Rankings in Morningstar Mid-Cap growth category (495 funds) as of 12/31/22

Enterprise Fund 3-Year rankings in Morningstar Mid Cap Growth Category as of 12/31/22: Alpha – 24th percentile ranked 114 of 552 funds, Sharpe Ratio – 25th percentile ranked 121 of 552 funds, Standard Deviation – 88th percentile ranked 501 of 552 funds and Beta – 93rd percentile ranked 519 of 552 funds.

Past performance is no guarantee of future results.

AN UNCOMPROMISING APPROACH

Equity markets may shift.
Our focus never does.

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PORTFOLIO MANAGEMENT

Brian Demain, CFA

Portfolio Manager

Industry since 1999. Joined Firm in 1999.

Philip Cody Wheaton, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2001.

Performance

RETURNS (%) (As of 12/31/2022)
Enterprise Fund - Class I Shares Russell MidCap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Enterprise Fund - Class I Shares 9.51 -16.01 -16.01 5.86 9.72 13.09 10.95
Russell MidCap® Growth Index 6.90 -26.72 -26.72 3.85 7.64 11.41 9.83
RETURNS (%) (As of 02/28/2023)
Enterprise Fund - Class I Shares Russell MidCap® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(09/01/1992)
Enterprise Fund - Class I Shares 3.42 8.06 -2.15 11.41 10.49 13.24 11.17
Russell MidCap® Growth Index 1.19 7.65 -8.31 8.66 8.74 11.45 10.04
Calendar Year Returns (%)
Enterprise Fund - Class I Shares Russell MidCap® Growth Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Enterprise Fund - Class I Shares -16.01 17.40 20.32 35.27 -0.90 26.53 12.08 3.49 12.01 30.86
Russell MidCap® Growth Index -26.72 12.73 35.59 35.47 -4.75 25.27 7.33 -0.20 11.90 35.74

MORNINGSTAR PERCENTILE

(As Of 12/31/2022)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 6 27 13 10 10
Mid-Cap Growth Category|Rank/Count 31/588 129/552 63/532 43/495 16/135
(As Of 02/28/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 6 21 13 6 11
Mid-Cap Growth Category|Rank/Count 31/580 77/544 60/525 27/486 17/128
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 02/28/2023 Class I Shares)

RISK / REWARD
VS. Russell MidCap® Growth Index
3YR 5YR
Information Ratio 0.30 0.23
Alpha 3.82 2.80
Tracking Error 9.25 7.59
Beta 0.85 0.86
R-squared (%) 86.24 88.23
UP/DOWN MARKET CAPTURE (%)
VS. Russell MidCap® Growth Index
3YR 5YR
Up Capture Ratio 89.42 89.06
Down Capture Ratio 82.37 82.97
STANDARD DEVIATION 3YR 5YR
Enterprise Fund 22.82 20.18
Russell MidCap® Growth Index 24.93 22.07
SHARPE RATIO 3YR 5YR
Enterprise Fund 0.46 0.45
Russell MidCap® Growth Index 0.31 0.33
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2022)
CLASS I SHARES
Management Fees 0.64%
Other Expenses 0.12%
Total Gross Expenses 0.76%
Waivers 0.00%
Total Net Expenses 0.76%

Portfolio

Index represents the Russell MidCap® Growth Index.

Top Holdings (As of 02/28/2023)
% of Fund
ON Semiconductor Corp 4.36
Constellation Software Inc/Canada 3.08
SS&C Technologies Holdings Inc 2.83
Boston Scientific Corp 2.82
Amdocs Ltd 2.77
Intact Financial Corp 2.75
WEX Inc 2.51
GoDaddy Inc 2.43
LPL Financial Holdings Inc 2.32
Flex Ltd 2.28
Total 28.15
View full holdings
Portfolio Characteristics (As of 02/28/2023)
  FUND INDEX
Number of Holdings
Equity Issues
76 400
Market Capitalization
Weighted Average
$22.15B $23.73B
Portfolio Turnover Rate
(1-year trailing)
9.81% -
Price/Earnings Ratio
(1-year forward)
17.50 20.62
Price/Book Ratio
3.49 6.17
Earnings Growth Rate
(1-year forward)
8.88% 18.76%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 02/28/2023)
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 02/28/2023)
Market Capitalization Range of Equity Holdings % OF FUND % of Index % OF FUND % of Index (As of 02/28/2023)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 02/28/2023)

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