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
$31.24
As of 09/28/2020

1-Day Change
$0.53 (1.73%)
As of 09/28/2020

YTD Return
-0.64%
As of 09/28/2020

Morningstar Rating

As of 08/31/2020

Morningstar Analyst Rating
Morningstar Analyst Rating				Silver
As of 08/31/2020

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.

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 06/30/2020)
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 29.48 -6.55 -4.30 8.35 8.55 14.28 11.97
Russell 2500™ Growth Index 32.87 2.02 9.21 12.10 9.57 14.45 9.84
Russell 2000® Growth Index 30.58 -3.06 3.48 7.86 6.86 12.92 8.57
RETURNS (%) (As of 08/31/2020)
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 11.03 1.81 7.56 10.74 11.87 15.03 12.45
Russell 2500™ Growth Index 14.28 12.45 21.99 15.21 13.09 15.58 10.42
Russell 2000® Growth Index 13.71 6.15 17.28 10.90 10.45 14.08 9.11
CALENDAR YEAR RETURNS (%)
Triton Fund - Class I Shares Russell 2500™ Growth Index
 
  2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Triton Fund - Class I Shares 31.67 2.77 16.63 36.52 9.58 1.35 10.59 27.07 -5.13 28.45
Russell 2500™ Growth Index 28.86 -1.57 16.13 40.65 7.05 -0.19 9.73 24.46 -7.47 32.65

MORNINGSTAR PERCENTILE

(As Of 06/30/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 79 56 49 29 3
Small Growth Category|Rank/Count 534/632 370/617 310/593 171/532 20/461
(As Of 08/31/2020)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking 81 62 50 37 3
Small Growth Category|Rank/Count 540/631 399/615 316/593 220/537 23/463

RETURNS-BASED STATISTICS (As of 08/31/2020 Class I Shares)

RISK / REWARD
VS. Russell 2500™ Growth Index
3YR 5YR
Information Ratio -1.19 -0.36
Alpha -3.64 -0.68
Tracking Error 3.76 3.41
Beta 0.98 0.97
R-squared (%) 97.28 96.95
UP/DOWN MARKET CAPTURE (%)
VS. Russell 2500™ Growth Index
3YR 5YR
Up Capture Ratio 86.02 92.80
Down Capture Ratio 98.24 95.80
STANDARD DEVIATION 3YR 5YR
Triton Fund 22.64 19.19
Russell 2500™ Growth Index 22.74 19.53
SHARPE RATIO 3YR 5YR
Triton Fund 0.40 0.56
Russell 2500™ Growth Index 0.60 0.61
ANNUAL FEES & EXPENSES (As of Fiscal Year End, 09/30/2019)
CLASS I SHARES
Management Fees 0.64%
12b-1 Fees -
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 08/31/2020)
% of Fund
Catalent Inc 3.60
Crown Holdings Inc 2.53
SS&C Technologies Holdings Inc 2.23
Broadridge Financial Solutions Inc 1.73
ServiceMaster Global Holdings Inc 1.64
Zendesk Inc 1.56
LPL Financial Holdings Inc 1.47
Etsy Inc 1.44
Sensient Technologies Corp 1.41
Horizon Therapeutics Plc 1.41
Total 19.02
View full holdings
Portfolio Characteristics (As of 08/31/2020)
  FUND INDEX
Number of Holdings
Equity Issues
123 1257
Market Capitalization
Weighted Average
$7.49B $5.87B
Portfolio Turnover Rate
(1-year trailing)
31.10% -
Price/Earnings Ratio
(1-year forward)
33.61 38.39
Price/Book Ratio
(1-year forward)
5.80 7.75
Earnings Growth Rate
(1-year forward)
-7.14% 2.07%
Sector Allocation % OF FUND % of Index % OF FUND % of Index (As of 08/31/2020)
Health Care 29.40 29.14
Information Technology 29.37 29.69
Industrials 13.86 11.96
Consumer Discretionary 10.23 11.96
Materials 5.05 3.29
Financials 3.51 4.28
Consumer Staples 3.10 3.06
Communication Services 1.86 2.60
Real Estate 1.14 2.83
Utilities 0.78 1.08
Cash & Equivalents 1.70 -
Regional Allocations % OF FUND % of Index % OF FUND % of Index (As of August 31, 2020)
North America 95.38 98.82
Europe 1.98 0.06
Africa/Mideast 0.94 0.07
Cash & Equivalents 1.70 -
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS % OF FUND % OF INDEX % OF FUND % OF INDEX (As of August 31, 2020)
$10B to $50B 29.47 20.28
$5B to $10B 29.01 27.64
$1B to $5B 38.72 45.12
$500M to $1B 0.38 4.36
N/A 0.72 0.11
Developed VS Emerging Markets % OF FUND % of Index % OF FUND % of Index (As of August 31, 2020)
U.S. 94.66 98.65
Non-U.S. Developed 3.64 0.30
Cash & Equivalents 1.70 -

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