For Financial Professionals in the US

JATIX Global Technology and Innovation Fund

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

NAV
$39.91
As of 02/06/2023

1-Day Change
-$0.50 (-1.24%)
As of 02/06/2023

YTD Return
15.78%
As of 02/06/2023

Morningstar Rating

As of 01/31/2023

Morningstar Analyst Rating
Bronze Morningstar Analyst Rating
As of 01/31/2023

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.

Jonathan Cofsky, CFA

Portfolio Manager | Research Analyst

Industry since 2006. Joined Firm in 2014.

Performance

RETURNS (%) (As of 12/31/2022)
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 3.67 -37.60 -37.60 3.57 10.25 15.34 9.13
S&P 500® Index 7.56 -18.11 -18.11 7.66 9.42 12.56 6.84
MSCI All Country World Information Technology Index 5.77 -31.07 -31.07 8.53 12.08 15.52 6.77
RETURNS (%) (As of 01/31/2023)
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 12.61 12.18 -21.23 6.61 10.87 16.37 9.61
S&P 500® Index 5.76 6.28 -8.22 9.88 9.54 12.68 7.09
MSCI All Country World Information Technology Index 9.20 10.45 -17.08 11.19 12.65 16.46 7.19
Calendar Year Returns (%)
Global Technology and Innovation Fund - Class I Shares MSCI All Country World Information Technology Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Global Technology and Innovation Fund - Class I Shares -37.60 17.80 51.14 45.25 0.92 44.88 13.87 4.67 9.39 35.39
MSCI All Country World Information Technology Index -31.07 27.36 45.61 46.89 -5.81 41.77 12.20 3.20 15.20 26.51

MORNINGSTAR PERCENTILE

(As Of 12/31/2022)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 58 57 36 38 32
Technology Category|Rank/Count 154/268 125/222 76/199 68/177 34/95
(As Of 01/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 56 55 34 35 31
Technology Category|Rank/Count 138/273 114/223 71/200 65/178 33/95
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 12/31/2022 Class I Shares)

RISK / REWARD
VS. MSCI All Country World Information Technology Index
3YR 5YR
Information Ratio -0.82 -0.33
Alpha -4.39 -1.40
Tracking Error 6.04 5.63
Beta 0.99 0.99
R-squared (%) 94.30 93.77
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Information Technology Index
3YR 5YR
Up Capture Ratio 88.76 91.60
Down Capture Ratio 102.22 96.57
STANDARD DEVIATION 3YR 5YR
Global Technology and Innovation Fund 25.29 22.55
MSCI All Country World Information Technology Index 24.74 22.07
SHARPE RATIO 3YR 5YR
Global Technology and Innovation Fund 0.11 0.40
MSCI All Country World Information Technology Index 0.32 0.49
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 MSCI All Country World Information Technology Index℠.

Top Holdings (As of 12/31/2022)
% of Fund
Microsoft Corp 12.88
ASML Holding NV 7.88
Mastercard Inc 5.92
Workday Inc 4.37
CoStar Group Inc 3.81
KLA Corp 3.65
Apple Inc 3.56
Lam Research Corp 3.38
Texas Instruments Inc 2.89
Atlassian Corp 2.76
Total 51.10
View full holdings
Portfolio Characteristics (As of 12/31/2022)
  FUND INDEX
Number of Holdings
Equity Issues
55 352
Market Capitalization
Weighted Average
$432.45B $735.32B
Portfolio Turnover Rate
(1-year trailing)
39.95% -
Price/Earnings Ratio
(1-year forward)
25.05 19.13
Price/Book Ratio
6.88 4.97
Earnings Growth Rate
(1-year forward)
15.89% 8.53%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 12/31/2022)
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 12/31/2022)
Market Capitalization Range of Equity Holdings % OF FUND % of Index % OF FUND % of Index (As of 12/31/2022)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 12/31/2022)

Documents