For Institutional Investors in the US

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
$40.26
As of 01/22/2021

1-Day Change
$0.09 (0.22%)
As of 01/22/2021

YTD Return
3.74%
As of 01/22/2021

Morningstar Rating

As of 12/31/2020

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

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 (528 funds) as of 12/31/20

Triton Fund 3-Year rankings in Morningstar Small Growth Category as of 12/31/20: Alpha – 61st percentile ranked 385 of 605 funds, Sharpe Ratio – 59th percentile ranked 382 of 605 funds, Standard Deviation – 59th percentile ranked 345 of 605 funds and Beta – 51st percentile ranked 325 of 605 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.

Performance

RETURNS (%) (As of 12/31/2020)
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 29.37 28.54 28.54 16.14 17.10 14.87 13.83
Russell 2500™ Growth Index 25.89 40.47 40.47 19.91 18.68 15.00 10.31
Russell 2000® Growth Index 29.61 34.63 34.63 16.20 16.36 13.48 8.91
RETURNS (%) (As of 12/31/2020)
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 29.37 28.54 28.54 16.14 17.10 14.87 13.83
Russell 2500™ Growth Index 25.89 40.47 40.47 19.91 18.68 15.00 11.23
Russell 2000® Growth Index 29.61 34.63 34.63 16.20 16.36 13.48 9.99
CALENDAR YEAR RETURNS (%)
Triton Fund - Class I Shares Russell 2500™ Growth Index
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Triton Fund - Class I Shares 2.77 16.63 36.52 9.58 1.35 10.59 27.07 -5.13 28.45 28.54
Russell 2500™ Growth Index -1.57 16.13 40.65 7.05 -0.19 9.73 24.46 -7.47 32.65 40.47

MORNINGSTAR PERCENTILE

(As Of 12/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 68 59 51 30 4
Small Growth Category|Rank/Count 440/623 379/605 321/581 180/528 29/453
(As Of 12/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 68 59 51 30 4
Small Growth Category|Rank/Count 440/623 379/605 321/581 180/528 29/453

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

RISK / REWARD
VS. Russell 2500™ Growth Index
3YR 5YR
Information Ratio -0.93 -0.45
Alpha -3.12 -1.01
Tracking Error 4.07 3.54
Beta 1.00 0.98
R-squared (%) 97.27 96.97
UP/DOWN MARKET CAPTURE (%)
VS. Russell 2500™ Growth Index
3YR 5YR
Up Capture Ratio 90.97 94.07
Down Capture Ratio 100.41 97.91
STANDARD DEVIATION 3YR 5YR
Triton Fund 24.63 20.20
Russell 2500™ Growth Index 24.27 20.26
SHARPE RATIO 3YR 5YR
Triton Fund 0.59 0.79
Russell 2500™ Growth Index 0.76 0.86
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS I SHARES
Management Fees 0.64%
Other Expenses 0.12%
Total Gross Expenses 0.76%
Waivers 0.00%
Total Net Expenses 0.76%

Portfolio

Index represents the Russell 2500™ Growth Index.

Top Holdings (As of 12/31/2020)
% of Fund
QuantumScape Corp 4.16
Crown Holdings Inc 2.83
Catalent Inc 2.76
SS&C Technologies Holdings Inc 2.15
Zendesk Inc 1.82
Terminix Global Holdings Inc 1.72
Integra LifeSciences Holdings Corp 1.69
Etsy Inc 1.63
Sensient Technologies Corp 1.60
Broadridge Financial Solutions Inc 1.57
Total 21.93
View Full Holdings
Portfolio Characteristics (As of 12/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
125 1325
Market Capitalization
Weighted Average
$8.69B $7.58B
Portfolio Turnover Rate
(1-year trailing)
26.36% -
Price/Earnings Ratio
(1-year forward)
38.34 44.62
Price/Book Ratio
(1-year forward)
6.34 9.02
Earnings Growth Rate
(1-year forward)
2.15% 12.67%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 12/31/2020)
Information Technology 28.93 31.46
Health Care 27.67 29.28
Consumer Discretionary 13.47 11.84
Industrials 13.19 11.77
Materials 5.71 2.91
Financials 4.05 3.95
Consumer Staples 2.72 2.66
Communication Services 1.76 2.45
Utilities 0.72 1.02
Real Estate 0.69 2.56
Cash & Equivalents 1.09 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of December 31, 2020)
North America 96.18 98.60
Europe 1.74 0.07
Africa/Mideast 0.99 0.08
Cash & Equivalents 1.09 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of December 31, 2020)
$10B to $50B 30.63 30.49
$5B to $10B 29.83 26.58
$1B to $5B 33.54 37.84
$500M to $1B 0.38 3.17
N/A 4.53 0.07
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of December 31, 2020)
U.S. 95.54 98.45
Non-U.S. Developed 3.37 0.31
Cash & Equivalents 1.09 -

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