JATIX Global Technology and Innovation Fund

Our deep and experienced tech team seeks growth through innovation in this complex and dynamic sector

NAV
$50.28
As of 09/18/2020

1-Day Change
-$0.50 (-0.98%)
As of 09/18/2020

YTD Return
27.78%
As of 09/18/2020

Morningstar Rating

As of 08/31/2020

Morningstar Analyst Rating
Morningstar Analyst Rating				Bronze
As of 08/31/2020

Overview

ABOUT THIS FUND

This global growth fund invests in companies that create and benefit from advances in technology. We invest in companies we believe to be resilient and also take smaller positions in companies that have optionality—meaning large potential upside under a specific scenario. The Fund seeks to provide strong long-term returns with volatility characteristics on par with its peers.

WHY INVEST IN THIS FUND

Finding Growth Through Innovation

Technology is dramatically impacting every sector of the global economy. The Fund seeks to invest in growth companies driving this innovation or benefiting from advances in technology. Common characteristics of an investment include a culture of innovation, long-term focus and attractive relative valuation.

Dedicated Sector Experts

Our dedicated team of technology analysts is embedded deeply within the sector, approaching research as an industry participant. In this complex and rapidly growing sector, it is critical to have experienced investors working to evaluate the impact of disruptive technologies and actively aim to identify both winners and losers.

Deep and Disciplined

The Fund takes a thoughtful approach to portfolio construction as the managers invest in companies believed to be resilient, as well as smaller positions in companies that have optionality – meaning large potential upside under a specific scenario. Through deep research and disciplined portfolio construction, the Fund seeks to deliver strong, risk-adjusted returns over time.

PORTFOLIO MANAGEMENT

Denny Fish

Portfolio Manager | Research Analyst

Industry since 2004. Joined Firm in 2016.

Performance

RETURNS (%) (As of 06/30/2020)
Global Technology and Innovation Fund - Class I Shares S&P 500® Index MSCI All Country World Information Technology Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/31/1998)
Global Technology and Innovation Fund - Class I Shares 32.54 17.79 34.12 26.42 23.63 20.25 10.54
S&P 500® Index 20.54 -3.08 7.51 10.73 10.73 13.99 6.41
MSCI All Country World Information Technology Index 30.00 12.21 31.85 22.25 20.14 17.60 6.94
RETURNS (%) (As of 08/31/2020)
Global Technology and Innovation Fund - Class I Shares S&P 500® Index MSCI All Country World Information Technology Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/31/1998)
Global Technology and Innovation Fund - Class I Shares 26.91 38.65 56.79 30.65 28.99 22.01 11.29
S&P 500® Index 15.48 9.74 21.94 14.52 14.46 15.16 6.97
MSCI All Country World Information Technology Index 25.79 31.20 53.38 25.69 25.33 19.51 7.65
CALENDAR YEAR RETURNS (%)
Global Technology and Innovation Fund - Class I Shares MSCI All Country World Information Technology Index
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Global Technology and Innovation Fund - Class I Shares 24.82 -8.45 19.38 35.39 9.39 4.67 13.87 44.88 0.92 45.25
MSCI All Country World Information Technology Index 11.35 -4.43 15.32 26.51 15.20 3.20 12.20 41.77 -5.81 46.89

MORNINGSTAR PERCENTILE

(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 24 13 9 21 13
Technology Category|Rank/Count 56/231 28/205 19/190 29/178 17/98
(As Of 08/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 21 7 10 18 12
Technology Category|Rank/Count 46/226 15/201 21/190 27/178 16/98
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 08/31/2020 Class I Shares)

RISK / REWARD
VS. MSCI All Country World Information Technology Index
3YR 5YR
Information Ratio 1.18 0.90
Alpha 4.63 3.19
Tracking Error 4.20 4.07
Beta 0.98 0.99
R-squared (%) 95.44 94.78
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Information Technology Index
3YR 5YR
Up Capture Ratio 101.02 102.44
Down Capture Ratio 81.81 86.54
STANDARD DEVIATION 3YR 5YR
Global Technology and Innovation Fund 19.55 17.79
MSCI All Country World Information Technology Index 19.57 17.43
SHARPE RATIO 3YR 5YR
Global Technology and Innovation Fund 1.48 1.56
MSCI All Country World Information Technology Index 1.23 1.39
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS I SHARES
Management Fees 0.64%
12b-1 Fees -
Other Expenses 0.12%
Total Gross Expenses 0.76%
Waivers 0.00%
Total Net Expenses 0.76%

Portfolio

Index represents the MSCI All Country World Information Technology Index℠.

Top Holdings (As of 08/31/2020)
% of Fund
Apple Inc 9.49
Microsoft Corp 9.04
Amazon.com Inc 4.44
Facebook Inc 4.44
Adobe Inc 4.15
salesforce.com Inc 3.98
Mastercard Inc 3.88
Taiwan Semiconductor Manufacturing Co Ltd 3.60
ASML Holding NV 2.91
Texas Instruments Inc 2.76
Total 48.69
View full holdings
Portfolio Characteristics (As of 08/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
70 333
Market Capitalization
Weighted Average
$656.50B $776.59B
Portfolio Turnover Rate
(1-year trailing)
32.74% -
Price/Earnings Ratio
(1-year forward)
57.71 36.49
Price/Book Ratio
(1-year forward)
17.02 14.87
Earnings Growth Rate
(1-year forward)
13.42% 9.15%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2020)
Information Technology 69.26 100.00
Communication Services 11.71 -
Consumer Discretionary 8.94 -
Real Estate 4.09 -
Industrials 1.19 -
Equity Other 0.97 -
Cash & Equivalents 3.84 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 08/31/2020)
North America 82.61 79.94
Asia/Pacific Ex Japan 9.05 9.95
Europe 3.31 5.91
Africa/Mideast 1.19 0.42
Cash & Equivalents 3.84 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 08/31/2020)
Over $100B 63.98 69.61
$50B to $100B 9.81 7.47
$10B to $50B 18.97 19.25
$5B to $10B 1.81 2.38
$1B to $5B 0.61 0.96
N/A 0.98 0.33
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 08/31/2020)
U.S. 82.18 78.49
Non-U.S. Emerging 8.29 9.76
Non-U.S. Developed 5.69 11.75
Cash & Equivalents 3.84 -

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