JATIX Global Technology Fund

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

NAV
$38.69
As of 10/17/2019

1 Day Change
$0.03 (0.08%)
As of 10/17/2019

YTD Return
31.51%
As of 10/17/2019

Morningstar Rating

As of 09/30/2019

Morningstar Analyst Rating
Morningstar Analyst Rating				 Bronze
As of 09/30/2019

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.

Garth C. Yettick, CFA

Portfolio Manager | Research Analyst

Industry since 1994. Joined Firm in 1997.

Performance

RETURNS (%) (As of 09/30/2019)
Global Technology 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 Fund - Class I Shares 1.09% 28.96% 7.97% 22.88% 18.88% 17.04% 9.36%
S&P 500® Index 1.70% 20.55% 4.25% 13.39% 10.84% 13.24% 6.37%
MSCI All Country World Information Technology Index 2.61% 28.27% 6.32% 19.30% 15.56% 14.40% 5.91%
RETURNS (%) (As of 09/30/2019)
Global Technology 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 Fund - Class I Shares 1.09% 28.96% 7.97% 22.88% 18.88% 17.04% 9.36%
S&P 500® Index 1.70% 20.55% 4.25% 13.39% 10.84% 13.24% 6.37%
MSCI All Country World Information Technology Index 2.61% 28.27% 6.32% 19.30% 15.56% 14.40% 5.91%
CALENDAR YEAR RETURNS (%)
Global Technology Fund - Class I Shares MSCI All Country World Information Technology Index
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Global Technology Fund - Class I Shares 57.29 24.82 -8.45 19.38 35.39 9.39 4.67 13.87 44.88 0.92
MSCI All Country World Information Technology Index 58.13 11.35 -4.43 15.32 26.51 15.20 3.20 12.20 41.77 -5.81

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 15 10 14 23 16
Technology Category|Rank/Count 41/233 15/205 19/192 25/181 23/101
(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 15 10 14 23 16
Technology Category|Rank/Count 41/233 15/205 19/192 25/181 23/101
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 09/30/2019 Class I Shares)

Risk / Reward
vs. MSCI All Country World Information Technology Index
3YR 5YR
Information Ratio 0.85 0.82
Alpha 3.42 3.08
Tracking Error 4.18 4.04
Beta 0.98 0.99
R-squared (%) 92.77 93.42
Up And Down Market Capture (%)
vs. MSCI All Country World Information Technology Index
3YR 5YR
Up Capture Ratio 100.27 102.90
Down Capture Ratio 79.23 86.43
Standard Deviation 3YR 5YR
Global Technology Fund 15.54 15.74
MSCI All Country World Information Technology Index 15.22 15.32
Sharpe Ratio 3YR 5YR
Global Technology Fund 1.37 1.14
MSCI All Country World Information Technology Index 1.17 0.95
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2018)
CLASS I SHARES
Management Fees 0.64%
12b-1 Fees -
Other Expenses 0.11%
Total Gross Expenses 0.75%
Waivers 0.00%
Total Net Expenses 0.75%

Portfolio

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

(As of 09/30/2019)
% of Fund
Microsoft Corp 8.25
Apple Inc 4.54
Amazon.com Inc 3.97
salesforce.com Inc 3.93
Alibaba Group Holding Ltd (ADR) 3.93
Adobe Inc 3.79
Texas Instruments Inc 3.78
Taiwan Semiconductor Manufacturing Co Ltd 3.62
ASML Holding NV 3.61
Mastercard Inc 3.51
Total: 42.93
View full holdings
Portfolio Characteristics (As of 09/30/2019)
  FUND INDEX
Number of Holdings
Equity Issues
68 260
Market Capitalization
Weighted Average
$283.46B $361.00B
Portfolio Turnover Rate
(1-year trailing)
35.44% -
Price/Earnings Ratio
(1-year forward)
38.49 24.33
Price/Book Ratio
(1-year forward)
9.11 7.82
Earnings Growth Rate
(1-year forward)
4.30% 2.73%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Information Technology 72.51 100.00
Consumer Discretionary 10.46 -
Communication Services 8.91 -
Real Estate 4.86 -
Industrials 1.53 -
Cash & Equivalents 1.73 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
North America 78.95 77.15
Asia/Pacific Ex Japan 12.16 10.71
Europe 4.50 6.58
Japan 1.00 5.07
Africa/Mideast 0.84 0.42
Latin America 0.82 0.07
Cash & Equivalents 1.73 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 09/30/2019)
Over $100B 55.31 62.86
$50B to $100B 8.45 6.31
$10B to $50B 24.44 24.66
$5B to $10B 8.03 4.12
$1B to $5B 1.81 1.61
N/A 0.23 0.43
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
U.S. 78.11 76.03
Non-U.S. Emerging 12.37 10.63
Non-U.S. Developed 7.79 13.34
Cash & Equivalents 1.73 -

Documents

TOP