JSMGX Triton Fund

Our in-depth fundamental research strategy seeks differentiated small-cap companies with the potential to quickly grow into mid-size companies

NAV
$31.05
As of 10/17/2019

1 Day Change
$0.30 (0.98%)
As of 10/17/2019

YTD Return
21.67%
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

A moderately positioned, small-mid-cap growth fund seeking to provide consistent relative returns with lower volatility than the index. The Fund invests in small-cap companies with differentiated business models and sustainable competitive advantages that are positioned to grow market share regardless of economic conditions.

WHY INVEST IN THIS FUND

Unique Business Models
Seeks small-cap companies that stand out from competitors – through differentiated business models, innovative approaches or unique products or services – that are using their competitive advantages to grow over a multi-year time frame.

Deep, Specialized Team
In-depth fundamental research supported by a team of analysts, a team of small mid-cap specialists and a portfolio management team with experience looking for small-cap companies early in their life cycle that have the potential to grow into mid-size companies.

Moderate Approach to Growth
The Fund offers the potential for capital appreciation through exposure to small companies having the potential to quickly grow into mid-size companies with a focus on resilient business models positioned to weather a variety of market environments.

PORTFOLIO MANAGEMENT

Jonathan Coleman, CFA

Portfolio Manager

Industry since 1994. Joined Firm in 1994.

Scott Stutzman, CFA

Portfolio Manager | Research Analyst

Industry since 2001. Joined Firm in 2007.

Performance

RETURNS (%) (As of 09/30/2019)
Triton Fund - Class I Shares Russell 2500™ Growth Index Russell 2000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Triton Fund - Class I Shares -3.09% 21.55% -2.36% 13.96% 12.60% 15.29% 12.57%
Russell 2500™ Growth Index -3.18% 19.97% -4.11% 12.33% 10.22% 13.48% 9.47%
Russell 2000® Growth Index -4.17% 15.34% -9.63% 9.79% 9.08% 12.25% 8.45%
RETURNS (%) (As of 09/30/2019)
Triton Fund - Class I Shares Russell 2500™ Growth Index Russell 2000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Triton Fund - Class I Shares -3.09% 21.55% -2.36% 13.96% 12.60% 15.29% 12.57%
Russell 2500™ Growth Index -3.18% 19.97% -4.11% 12.33% 10.22% 13.48% 9.47%
Russell 2000® Growth Index -4.17% 15.34% -9.63% 9.79% 9.08% 12.25% 8.45%
CALENDAR YEAR RETURNS (%)
Triton Fund - Class I Shares Russell 2500™ Growth Index
 
  2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
Triton Fund - Class I Shares 49.99 31.67 2.77 16.63 36.52 9.58 1.35 10.59 27.07 -5.13
Russell 2500™ Growth Index 41.66 28.86 -1.57 16.13 40.65 7.05 -0.19 9.73 24.46 -7.47

MORNINGSTAR PERCENTILE

(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 19 30 12 4 1
Small Growth Category|Rank/Count 129/673 216/654 75/630 20/562 4/494
(As Of 09/30/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 19 30 12 4 1
Small Growth Category|Rank/Count 129/673 216/654 75/630 20/562 4/494
GROWTH OF A HYPOTHETICAL INVESTMENT

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

Risk / Reward
vs. Russell 2500™ Growth Index
3YR 5YR
Information Ratio 0.62 0.95
Alpha 2.28 2.79
Tracking Error 2.63 2.51
Beta 0.93 0.93
R-squared (%) 97.74 97.63
Up And Down Market Capture (%)
vs. Russell 2500™ Growth Index
3YR 5YR
Up Capture Ratio 98.47 101.81
Down Capture Ratio 89.24 89.73
Standard Deviation 3YR 5YR
Triton Fund 15.50 14.84
Russell 2500™ Growth Index 16.55 15.71
Sharpe Ratio 3YR 5YR
Triton Fund 0.80 0.78
Russell 2500™ Growth Index 0.65 0.59
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 Russell 2500™ Growth Index.

(As of 09/30/2019)
% of Fund
Catalent Inc 2.43
ServiceMaster Global Holdings Inc 2.28
Broadridge Financial Solutions Inc 2.24
Blackbaud Inc 2.18
Euronet Worldwide Inc 2.18
LPL Financial Holdings Inc 2.12
Crown Holdings Inc 2.12
SS&C Technologies Holdings Inc 1.91
Teledyne Technologies Inc 1.85
Carlisle Cos Inc 1.71
Total: 21.02
View full holdings
Portfolio Characteristics (As of 09/30/2019)
  FUND INDEX
Number of Holdings
Equity Issues
117 1402
Market Capitalization
Weighted Average
$6.24B $5.32B
Portfolio Turnover Rate
(1-year trailing)
24.41% -
Price/Earnings Ratio
(1-year forward)
26.70 29.37
Price/Book Ratio
(1-year forward)
5.25 6.49
Earnings Growth Rate
(1-year forward)
4.93% 11.20%

Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
Information Technology 28.31 25.21
Industrials 19.87 17.99
Health Care 19.01 22.40
Consumer Discretionary 11.03 13.58
Financials 6.36 6.30
Materials 5.47 3.69
Consumer Staples 3.28 2.23
Communication Services 1.66 2.81
Real Estate 1.41 4.43
Energy 0.60 0.48
Cash & Equivalents 3.00 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
North America 95.71 99.51
Asia/Pacific Ex Japan 0.47 0.36
Europe 0.45 0.11
Africa/Mideast 0.37 0.02
Cash & Equivalents 3.00 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of 09/30/2019)
$10B to $50B 15.27 10.98
$5B to $10B 40.93 36.80
$1B to $5B 39.55 44.72
$500M to $1B 1.02 4.84
$250M to $500M 0.23 1.89
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 09/30/2019)
U.S. 95.01 99.45
Non-U.S. Developed 1.52 0.15
Non-U.S. Emerging 0.47 0.40
Cash & Equivalents 3.00 -

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