For Financial Professionals in the US

JSCOX Small Cap Value Fund

Defensive-minded specialists aiming to identify undervalued small-cap opportunities

NAV
$22.30
As of 01/25/2021

1-Day Change
-$0.14 (-0.62%)
As of 01/25/2021

YTD Return
4.94%
As of 01/25/2021

Morningstar Rating

As of 12/31/2020

Morningstar Analyst Rating
Morningstar Analyst Rating				Silver
As of 12/31/2020

Overview

Investment Update

Watch now for a current market perspective and outlook from the investment team.

ABOUT THIS FUND

As defensive value specialists, we look to invest in high quality companies with strong management teams, stable balance sheets, and durable competitive advantages that are trading at attractive valuations. We seek to achieve excess returns over full market cycles, with less risk than our benchmark and peers as measured by standard deviation, beta and down market capture.

WHY INVEST IN THIS FUND

Attractive Reward/Risk
Our disciplined valuation process measures downside risk before upside potential and invests in securities with favorable reward/risk ratios.

High-Conviction Process
The portfolio typically holds between 60 to 90 stocks with business fundamentals considered more important than fluctuations in the wider economy.

Different Than the Benchmark
The benchmark is not used as a starting point for portfolio construction, which should lead to high active share.

PORTFOLIO MANAGEMENT

Justin Tugman, CFA

Portfolio Manager

Industry since 2000. Joined Firm in 2004.

Craig Kempler, CFA

Portfolio Manager

Industry since 2001. Joined Firm in 2005.

Performance

RETURNS (%) (As of 12/31/2020)
Small Cap Value Fund - Class I Shares Russell 2000® Value Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(10/21/1987)
Small Cap Value Fund - Class I Shares 25.63 -6.76 -6.76 0.74 7.84 7.66 N/A
Russell 2000® Value Index 33.36 4.63 4.63 3.72 9.65 8.66 N/A
RETURNS (%) (As of 12/31/2020)
Small Cap Value Fund - Class I Shares Russell 2000® Value Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(10/21/1987)
Small Cap Value Fund - Class I Shares 25.63 -6.76 -6.76 0.74 7.84 7.66 N/A
Russell 2000® Value Index 33.36 4.63 4.63 3.72 9.65 8.66 N/A
CALENDAR YEAR RETURNS (%)
Small Cap Value Fund - Class I Shares Russell 2000® Value Index
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Small Cap Value Fund - Class I Shares -3.28 9.13 29.82 7.42 -2.56 26.45 12.81 -13.04 26.11 -6.76
Russell 2000® Value Index -5.50 18.05 34.52 4.22 -7.47 31.74 7.84 -12.86 22.39 4.63

MORNINGSTAR PERCENTILE

(As Of 12/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 97 71 49 58 N/A
Small Value Category|Rank/Count 406/421 306/403 202/399 212/354 N/A
(As Of 12/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 97 71 49 58 N/A
Small Value Category|Rank/Count 406/421 306/403 202/399 212/354 N/A

RETURNS-BASED STATISTICS (As of 12/31/2020 Class I Shares)

RISK / REWARD
VS. Russell 2000® Value Index
3YR 5YR
Information Ratio -0.44 -0.29
Alpha -2.65 -0.07
Tracking Error 6.77 6.16
Beta 0.80 0.79
R-squared (%) 95.97 95.21
UP/DOWN MARKET CAPTURE (%)
VS. Russell 2000® Value Index
3YR 5YR
Up Capture Ratio 74.47 76.43
Down Capture Ratio 86.26 79.95
STANDARD DEVIATION 3YR 5YR
Small Cap Value Fund 21.76 18.06
Russell 2000® Value Index 26.49 22.34
SHARPE RATIO 3YR 5YR
Small Cap Value Fund -0.04 0.37
Russell 2000® Value Index 0.08 0.38
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 06/30/2020)
CLASS I SHARES
Management Fees 0.82%
Other Expenses 0.19%
Total Gross Expenses 1.01%
Waivers 0.00%
Total Net Expenses 1.01%

Portfolio

Index represents the Russell 2000® Value Index.

Top Holdings (As of 12/31/2020)
% of Fund
Hanover Insurance Group Inc 2.90
UniFirst Corp/MA 2.65
STAG Industrial Inc 2.62
United Community Banks Inc/GA 2.43
Atlantic Union Bankshares Corp 2.33
United Bankshares Inc/WV 2.12
Lincoln Electric Holdings Inc 1.99
Sunstone Hotel Investors Inc 1.91
WNS Holdings Ltd (ADR) 1.89
Innospec Inc 1.86
Total 22.70
View Full Holdings
Portfolio Characteristics (As of 12/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
82 1486
Market Capitalization
Weighted Average
$3.39B $2.46B
Portfolio Turnover Rate
(1-year trailing)
68.01% -
Price/Earnings Ratio
(1-year forward)
23.30 21.43
Price/Book Ratio
(1-year forward)
2.45 1.91
Earnings Growth Rate
(1-year forward)
-16.91% -18.80%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 12/31/2020)
Financials 27.34 27.34
Industrials 19.88 17.00
Information Technology 10.14 6.40
Consumer Discretionary 9.92 13.03
Materials 8.65 6.12
Real Estate 6.71 9.08
Health Care 4.10 6.42
Consumer Staples 4.05 3.55
Utilities 3.61 4.48
Energy 2.27 4.19
Communication Services 1.13 2.39
Cash & Equivalents 2.20 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 12/31/2020)
North America 94.57 99.44
Asia/Pacific Ex Japan 1.89 -
Europe 1.34 0.45
Cash & Equivalents 2.20 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 12/31/2020)
$5B to $10B 18.65 5.35
$1B to $5B 71.33 71.64
$500M to $1B 6.86 13.34
$250M to $500M 0.58 5.65
$100M to $250M 0.38 2.43
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 12/31/2020)
U.S. 94.57 99.10
Non-U.S. Emerging 1.89 0.07
Non-U.S. Developed 1.34 0.83
Cash & Equivalents 2.20 -

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