For Financial Professionals in the US

JAGCX Global Technology and Innovation Fund

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

NAV
$37.20
As of 06/02/2023

1-Day Change
$0.11 (0.30%)
 As of 06/02/2023

YTD Return at NAV
34.39%
As of 06/02/2023

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

Denny Fish

Portfolio Manager | Research Analyst

Industry since 2004. Joined Firm in 2016.

Jonathan Cofsky, CFA

Jonathan Cofsky, CFA

Portfolio Manager | Research Analyst

Industry since 2006. Joined Firm in 2014.

Performance

RETURNS (%) (As of 03/31/2023)
Class C Shares @NAV Class C Shares @CDSC S&P 500® Index MSCI All Country World Information Technology Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/31/1998)
Class C Shares @NAV 22.11 22.11 -11.10 14.22 12.07 15.85 8.94
Class C Shares @CDSC 21.11 21.11 -11.99 14.22 12.07 15.85 8.94
S&P 500® Index 7.50 7.50 -7.73 18.60 11.19 12.24 7.09
MSCI All Country World Information Technology Index 20.43 20.43 -7.49 21.27 15.60 17.19 7.52
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
CDSC returns include a 1% contingent deferred sales charge (CDSC) on Shares redeemed within 12 months of purchase. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns.
Performance for Class C Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

RETURNS (%) (As of 05/31/2023)
Class C Shares @NAV Class C Shares @CDSC S&P 500® Index MSCI All Country World Information Technology Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(12/31/1998)
Class C Shares @NAV 18.05 32.30 17.15 9.57 12.82 16.31 9.23
Class C Shares @CDSC 17.05 31.30 16.15 9.57 12.82 16.31 9.23
S&P 500® Index 5.75 9.65 2.92 12.92 11.01 11.99 7.13
MSCI All Country World Information Technology Index 17.63 29.39 13.78 16.61 16.12 17.54 7.78
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
CDSC returns include a 1% contingent deferred sales charge (CDSC) on Shares redeemed within 12 months of purchase. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns.
Performance for Class C Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details.

Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized.

Calendar Year Returns (%)
Global Technology and Innovation Fund - Class C Shares MSCI All Country World Information Technology Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Global Technology and Innovation Fund - Class C Shares -38.13 16.81 49.72 43.94 -0.04 43.43 12.76 3.75 8.26 34.20
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
Fund returns shown are at Net Asset Value (NAV) and exclude sales charges, which would have reduced returns.

MORNINGSTAR PERCENTILE

(As Of 03/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 40 59 40 46 40
Technology | Rank/Count 109/275 132/226 88/202 84/179 45/95
(As Of 04/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 23 56 37 45 40
Technology | Rank / Count 65/275 126/227 82/202 86/179 45/95
GROWTH OF A HYPOTHETICAL INVESTMENT
Fund returns shown are at Net Asset Value (NAV) and exclude sales charges, which would have reduced returns.
Source: Morningstar, Inc.
This graph compares the performance of a hypothetical $10,000 investment in the fund, the fund’s Morningstar category average and its benchmark(s).

RETURNS-BASED STATISTICS (As of 04/30/2023 Class I Shares)

RISK / REWARD
VS. MSCI All Country World Information Technology Index		 3YR 5YR
Information Ratio -1.09 -0.47
Alpha -5.58 -2.07
Tracking Error 5.87 5.50
Beta 1.01 1.00
R-squared (%) 94.29 94.32
UP/DOWN MARKET CAPTURE (%)
VS. MSCI All Country World Information Technology Index		 3YR 5YR
Up Capture Ratio 89.32 91.92
Down Capture Ratio 106.30 98.37
STANDARD DEVIATION 3YR 5YR
Global Technology and Innovation Fund 24.53 23.08
MSCI All Country World Information Technology Index 23.52 22.48
SHARPE RATIO 3YR 5YR
Global Technology and Innovation Fund 0.35 0.50
MSCI All Country World Information Technology Index 0.64 0.63
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2022)
CLASS C SHARES
Management Fees 0.64%
12b-1 Fees 1.00%
Other Expenses 0.11%
Total Gross Expenses 1.75%
Waivers 0.00%
Total Net Expenses 1.75%
Net expense ratios reflect the expense waiver, if any, contractually agreed to for at least a one-year period commencing on January 27, 2023. This contractual waiver may be terminated or modified only at the discretion of the Board of Trustees.

Portfolio

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

Top Holdings (As of 04/30/2023)
% of Fund
Microsoft Corp 12.69
Apple Inc 6.87
ASML Holding NV 6.11
Mastercard Inc 4.72
Workday Inc 4.16
NVIDIA Corp 4.02
CoStar Group Inc 3.25
Lam Research Corp 3.19
Advanced Micro Devices Inc 3.08
Constellation Software Inc/Canada 2.85
Total 50.94
View full holdings
Portfolio Characteristics (As of 04/30/2023)
  FUND INDEX
Number of Holdings
Equity Issues		 64 352
Market Capitalization
Weighted Average		 $644.96B $1,017.86B
Portfolio Turnover Rate
(1-year trailing)		 37.68% -
Price/Earnings Ratio
(1-year forward)		 27.63 22.87
Price/Book Ratio
 7.94 5.91
Earnings Growth Rate
(1-year forward)		 18.71% 10.65%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 04/30/2023)
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 04/30/2023)
Market Capitalization Range of Equity Holdings % OF FUND % of Index % OF FUND % of Index (As of 04/30/2023)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 04/30/2023)

Documents

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