For Financial Professionals in the US

JATTX Triton Fund

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

NAV
$24.93
As of 09/25/2023

1-Day Change
$0.05 (0.20%)
As of 09/25/2023

YTD Return
4.09%
As of 09/25/2023

Morningstar Rating

As of 08/31/2023

Morningstar Medalist Rating ™

Silver Morningstar Analyst Rating
As of 01/19/2023

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.

Strong Risk-Adjusted Performance vs. Peers

10-Year Rankings in Morningstar Small Growth Category (519 funds) as of 6/30/23
Triton Fund Proof Point Chart

Triton Fund 3-Year rankings in Morningstar Small Growth Category as of 6/30/23: Alpha – 51st percentile ranked 256 of 580 funds, Sharpe Ratio – 49th percentile ranked 244 of 580 funds, Standard Deviation – 90th percentile ranked 523 of 580 funds and Beta – 87th percentile ranked 498 of 580 funds.

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.

Aaron Schaechterle

Portfolio Manager | Research Analyst

Industry since 2007. Joined Firm in 2022.

Performance

RETURNS (%) (As of 08/31/2023)
Triton Fund - Class T Shares Russell 2500TM Growth Index Russell 2000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Triton Fund - Class T Shares 6.65 9.81 7.37 4.16 3.29 9.69 10.94
Russell 2500TM Growth Index 6.96 12.40 7.56 2.86 5.04 9.73 9.16
Russell 2000® Growth Index 7.45 12.68 6.78 2.67 2.46 8.17 8.04
RETURNS (%) (As of 06/30/2023)
Triton Fund - Class T Shares Russell 2500TM Growth Index Russell 2000® Growth Index
 
3M YTD 1YR 3YR 5YR 10YR Since Inception
(02/25/2005)
Triton Fund - Class T Shares 3.41 10.06 12.14 7.25 4.97 10.20 11.07
Russell 2500TM Growth Index 6.41 13.38 18.58 6.57 7.00 10.38 9.30
Russell 2000® Growth Index 7.05 13.55 18.53 6.10 4.22 8.83 8.16
Calendar Year Returns (%)
Triton Fund - Class T Shares Russell 2500TM Growth Index
2022 2021 2020 2019 2018 2017 2016 2015 2014 2013
Triton Fund - Class T Shares -23.77 6.96 28.33 28.30 -5.26 26.90 10.42 1.21 9.45 36.28
Russell 2500TM Growth Index -26.21 5.04 40.47 32.65 -7.47 24.46 9.73 -0.19 7.05 40.65

MORNINGSTAR PERCENTILE

(As Of 06/30/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 73 53 75 35 3
Small Growth | Rank/Count 452/594 269/580 407/560 182/519 10/426
(As Of 08/31/2023)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 43 48 70 34 3
Small Growth | Rank / Count 245/597 233/581 370/562 171/520 12/427
GROWTH OF A HYPOTHETICAL INVESTMENT

RETURNS-BASED STATISTICS (As of 08/31/2023 Class I Shares)

RISK / REWARD
VS. Russell 2500 Growth TR USD
3YR 5YR
Information Ratio 0.24 -0.29
Alpha 1.42 -1.37
Tracking Error 5.83 5.32
Beta 0.89 0.94
R-squared (%) 92.85 95.05
UP/DOWN MARKET CAPTURE (%)
VS. Russell 2500 Growth TR USD
3YR 5YR
Up Capture Ratio 91.80 86.90
Down Capture Ratio 90.45 95.26
STANDARD DEVIATION 3YR 5YR
Triton Fund 19.50 22.64
Russell 2500 Growth TR USD 21.21 23.53
SHARPE RATIO 3YR 5YR
Triton Fund 0.13 0.08
Russell 2500 Growth TR USD 0.05 0.14
ANNUAL FEES & EXPENSES (As of the most recent prospectus)
CLASS T SHARES
Management Fees 0.64%
Other Expenses 0.27%
Total Gross Expenses 0.91%
Waivers 0.00%
Total Net Expenses 0.91%

Portfolio

Index represents the Russell 2500™ Growth Index.

Top Holdings (As of 08/31/2023)
% of Fund
Rentokil Initial PLC (ADR) 2.59
Crown Holdings Inc 2.38
Blackbaud Inc 2.07
SS&C Technologies Holdings Inc 2.07
ON Semiconductor Corp 2.06
Catalent Inc 1.75
Teledyne Technologies Inc 1.71
Broadridge Financial Solutions Inc 1.70
OSI Systems Inc 1.65
Cboe Global Markets Inc 1.63
Total 19.61
View full holdings
Portfolio Characteristics (As of 08/31/2023)
  FUND INDEX
Number of Holdings
Equity Issues
122 1269
Market Capitalization
Weighted Average
$8.24B $5.49B
Portfolio Turnover Rate
(1-year trailing)
18.35% -
Price/Earnings Ratio
(1-year forward)
17.41 18.66
Price/Book Ratio
2.95 4.75
Earnings Growth Rate
(1-year forward)
13.09% 28.73%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Regional Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Market Capitalization Range of Equity Holdings % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)
Developed vs Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of 08/31/2023)

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