For Financial Professionals in the US

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
$72.51
As of 11/25/2020

1-Day Change
-$0.01 (-0.01%)
As of 11/25/2020

YTD Return
18.08%
As of 11/25/2020

Morningstar Rating

As of 10/31/2020

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 09/30/2020)
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 5.30 10.10 30.89 13.37 10.90 17.80 11.88
MSCI World Health Care Index 4.78 6.26 20.81 10.63 9.90 13.08 6.64
S&P 500® Index 8.93 5.57 15.15 12.28 14.15 13.74 6.75
RETURNS (%) (As of 10/31/2020)
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 0.96 7.90 21.76 13.94 9.75 17.34 11.73
MSCI World Health Care Index -4.26 1.07 9.45 9.28 7.53 12.29 6.37
S&P 500® Index 0.37 2.77 9.71 10.42 11.71 13.01 6.60
CALENDAR YEAR RETURNS (%)
Global Life Sciences Fund - Class I Shares MSCI World Health Care Index
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Life Sciences Fund - Class I Shares 8.30 7.30 24.84 55.97 34.93 8.42 -12.27 22.66 4.41 29.28
MSCI World Health Care Index 2.41 9.46 17.54 36.27 18.10 6.60 -6.81 19.80 2.51 23.24

MORNINGSTAR PERCENTILE

(As Of 09/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 43 26 48 24 12
Health Category|Rank/Count 75/157 34/139 60/135 23/120 7/57
(As Of 10/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 44 22 43 23 12
Health Category|Rank/Count 72/157 25/139 55/136 22/120 7/57
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 10/31/2020 Class I Shares)

RISK / REWARD
VS. MSCI World Health Care Index
3YR 5YR
Information Ratio 0.72 0.33
Alpha 3.99 1.34
Tracking Error 6.46 6.68
Beta 1.06 1.15
R-squared (%) 85.76 85.11
UP/DOWN MARKET CAPTURE (%)
VS. MSCI World Health Care Index
3YR 5YR
Up Capture Ratio 120.26 121.57
Down Capture Ratio 101.16 113.24
STANDARD DEVIATION 3YR 5YR
Global Life Sciences Fund 16.96 16.54
MSCI World Health Care Index 14.79 13.28
SHARPE RATIO 3YR 5YR
Global Life Sciences Fund 0.73 0.52
MSCI World Health Care Index 0.52 0.48
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS I SHARES
Management Fees 0.64%
Other Expenses 0.13%
Total Gross Expenses 0.77%
Total Net Expenses 0.77%

Portfolio

Index represents the MSCI World Health Care Index.

Top Holdings (As of 10/31/2020)
% of Fund
UnitedHealth Group Inc 3.50
Merck & Co Inc 3.42
Thermo Fisher Scientific Inc 3.23
AbbVie Inc 3.03
Novartis AG (ADR) 3.03
Roche Holding AG 2.90
AstraZeneca PLC 2.87
Abbott Laboratories 2.49
Humana Inc 2.47
Bristol-Myers Squibb Co 2.27
Total 29.21
View full holdings
Portfolio Characteristics (As of 10/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
118 155
Market Capitalization
Weighted Average
$86.85B $123.99B
Portfolio Turnover Rate
(1-year trailing)
42.18% -
Price/Earnings Ratio
(1-year forward)
24.85 25.59
Price/Book Ratio
(1-year forward)
5.81 6.00
Earnings Growth Rate
(1-year forward)
7.66% 7.36%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 10/31/2020)
Health Care 99.93 100.00
Cash & Equivalents 0.07 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 10/31/2020)
North America 81.88 69.36
Europe 16.18 21.69
Japan 1.32 6.41
Asia/Pacific Ex Japan 0.55 2.38
Cash & Equivalents 0.07 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 10/31/2020)
Over $100B 37.17 50.17
$50B to $100B 8.22 16.83
$10B to $50B 24.53 29.95
$5B to $10B 7.62 2.43
$1B to $5B 13.32 0.37
$500M to $1B 2.44
$250M to $500M 0.36
N/A 6.27 0.26
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 10/31/2020)
U.S. 81.88 69.18
Non-U.S. Developed 17.50 30.82
Non-U.S. Emerging 0.55 -
Cash & Equivalents 0.07 -

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