JFNIX Global Life Sciences Fund

By understanding the science and business of health care, our experienced team invests in companies addressing unmet medical needs or improving efficiencies

NAV
$60.81
As of 11/15/2019

1 Day Change
$1.09 (1.83%)
As of 11/15/2019

YTD Return
20.32%
As of 11/15/2019

Morningstar Rating

As of 10/31/2019

Overview

ABOUT THIS FUND

This global health care fund seeks consistent returns by investing in companies addressing unmet medical needs or making the health care system more efficient. We balance the portfolio across pharmaceuticals, biotechnology and services/devices sub-sectors in an effort to achieve consistent outperformance of the benchmark and peers.

WHY INVEST IN THIS FUND

Finding Growth in Health Care

The long-term drivers of growth in the health care sector include rapidly
accelerating innovation addressing unmet medical needs, powerful global demographic trends and the globalization of health care. Within this environment, the Global Life Sciences Fund seeks to invest in growth companies that are addressing unmet medical needs or making the health care system more efficient and cost effective.

Dedicated Sector Experts

Our dedicated team of analysts has 95 years of combined experience investing in health care companies. In this complex and rapidly growing sector, we believe it is critical to have an experienced team that seeks to understand both the science and the business of the companies in which they invest.

Deep and Disciplined

We believe the combination of deep, fundamental research and disciplined portfolio construction will lead to consistently strong results relative to both the health care sector and the broader equity market. The fund is balanced across the sub-sectors of health care and diversified across market-cap segments and geographies.

PORTFOLIO MANAGEMENT

Andy Acker, CFA

Portfolio Manager

Industry since 1996. Joined Firm in 1999.

Performance

RETURNS (%) (As of 09/30/2019)
Global Life Sciences Fund - Class I Shares MSCI World Health Care Index S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/31/1998)
Global Life Sciences Fund - Class I Shares -6.56% 8.75% -5.56% 8.55% 7.91% 15.66% 10.96%
MSCI World Health Care Index -1.25% 8.40% -1.83% 8.01% 6.38% 11.65% 6.00%
S&P 500® Index 1.70% 20.55% 4.25% 13.39% 10.84% 13.24% 6.37%
RETURNS (%) (As of 10/31/2019)
Global Life Sciences Fund - Class I Shares MSCI World Health Care Index S&P 500® Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/31/1998)
Global Life Sciences Fund - Class I Shares -0.86% 14.56% 7.76% 14.24% 8.11% 16.66% 11.19%
MSCI World Health Care Index 4.85% 13.81% 10.33% 12.42% 6.90% 12.36% 6.23%
S&P 500® Index 2.43% 23.16% 14.33% 14.91% 10.78% 13.70% 6.45%
CALENDAR YEAR RETURNS (%)
Global Life Sciences Fund - Class I Shares MSCI World Health Care Index
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Global Life Sciences Fund - Class I Shares 26.30 8.30 7.30 24.84 55.97 34.93 8.42 -12.27 22.66 4.41
MSCI World Health Care Index 18.89 2.41 9.46 17.54 36.27 18.10 6.60 -6.81 19.80 2.51

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 30 39 43 16 7
Health Category|Rank/Count 49/147 47/142 50/132 14/121 4/58
(As Of 10/31/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 32 36 43 21 7
Health Category|Rank/Count 63/147 44/142 52/133 22/121 4/58
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 10/31/2019 Class I Shares)

RISK / REWARD
VS. MSCI World Health Care Index
3YR 5YR
Information Ratio 0.30 0.18
Alpha 0.57 0.24
Tracking Error 6.01 6.82
Beta 1.11 1.19
R-squared (%) 82.70 84.65
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Health Care Index
3YR 5YR
Up Capture Ratio 121.76 123.56
Down Capture Ratio 124.18 120.95
STANDARD DEVIATION 3YR 5YR
Global Life Sciences Fund 14.11 16.29
MSCI World Health Care Index 11.56 12.57
SHARPE RATIO 3YR 5YR
Global Life Sciences Fund 0.90 0.44
MSCI World Health Care Index 0.94 0.47
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2018)
CLASS I SHARES
Management Fees 0.64%
12b-1 Fees -
Other Expenses 0.12%
Total Gross Expenses 0.76%
Total Net Expenses 0.76%

Portfolio

Index represents the MSCI World Health Care Index.

(As of 10/31/2019)
% of Fund
Merck & Co Inc 4.57
Novartis AG (ADR) 4.28
Abbott Laboratories 3.49
AstraZeneca PLC 3.24
UnitedHealth Group Inc 3.08
Thermo Fisher Scientific Inc 3.04
Bristol-Myers Squibb Co 2.83
Takeda Pharmaceutical Co Ltd 2.64
Anthem Inc 2.48
Humana Inc 2.43
Total 32.08
View full holdings
Portfolio Characteristics (As of 10/31/2019)
  FUND INDEX
Number of Holdings
Equity Issues
95 144
Market Capitalization
Weighted Average
$82.83B $120.99B
Portfolio Turnover Rate
(1-year trailing)
30.77% -
Price/Earnings Ratio
(1-year forward)
20.47 21.01
Price/Book Ratio
(1-year forward)
5.37 4.65
Earnings Growth Rate
(1-year forward)
10.35% 9.26%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 10/31/2019)
Health Care 99.54 100.00
US Industrials 0.04 -
Cash & Equivalents 0.42 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 10/31/2019)
North America 78.99 68.87
Europe 17.31 22.54
Japan 3.28 6.28
Cash & Equivalents 0.42 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 10/31/2019)
Over $100B 32.65 48.87
$50B to $100B 21.44 23.71
$10B to $50B 14.83 22.87
$5B to $10B 10.33 4.13
$1B to $5B 11.57 0.30
$500M to $1B 2.53
$250M to $500M 0.73
$100M to $250M 0.22
N/A 5.24 0.13
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 10/31/2019)
U.S. 78.96 68.57
Non-U.S. Developed 20.62 31.43
Cash & Equivalents 0.42 -

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