Jackson Square SMID-Cap Growth Fund  (DCGTX)

Fund Overview

Fund Overview

Share Class

NAV | as of 12/02/2021

$32.98
+$0.58 (+1.76%)

Morningstar | Style Box

V B G L M S

Overall Morningstar Rating


Rated against 549 Mid-Cap Growth funds as of 09/30/2021

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Growth of $10,000 (Hypothetical)

Since Inception 12/01/2003 to 10/31/2021 = $96,776.42

  • 3YR
  • 5YR
  • 10YR
  • INCEP.
INCEP.
  • 3YR
  • 5YR
  • 10YR
  • INCEP.

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown.

Objective

The fund seeks long-term capital appreciation.

Why Consider

  • Jackson Square Partners (JSP) is benchmark agnostic, holding a concentrated, conviction weighted portfolio. The JSP concentrated portfolio approach limits asset capacity in all strategies, resulting in a performance-driven investment culture.
  • JSP emphasizes growth in intrinsic business value as opposed to more traditional definitions of growth that are often restricted to revenue and reported earnings. Cash generation and return on invested capital are more important to JSP than accounting earnings.
  • JSP's investment team structure is flat, with a stable, veteran team which values high levels of accountability and internal peer scrutiny. While members of the team may have portfolio management responsibilities, everyone on the team is first and foremost an analyst.

Documents

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Christopher Bonavico

Christopher Bonavico

Portfolio Manager, Analyst

See Our Approach Read Bio
Kenneth Broad

Kenneth Broad

Portfolio Manager, Analyst

See Our Approach Read Bio
Ian Ferry

Ian Ferry

Portfolio Manager, Analyst

See Our Approach Read Bio

Performance

Performance

Read Important Investment Disclosures

Returns

 

The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods less than one year are not annualized.

Expense Ratios

  • Gross Expense Ratio: 0.87%
  • Net Expense Ratio: 0.87%
  • Expense Cap Expiration Date: N/A

Distributions & Pricing


    • Calendar Year Distributions

    • Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains
      Dec 17, 2020 $1.938770 $0.153700 $1.785070
      Dec 18, 2019 $1.042140 $0.022500 $0.027410 $0.992230
      Dec 27, 2018 $2.660433 $0.060453 $0.503960 $2.096020
      Dec 27, 2017 $0.121170 $0.121170
      Dec 28, 2016 $0.092005 $0.023455 $0.068550
      Sep 14, 2016 $1.053000 $0.021000 $1.032000
      Dec 17, 2015 $1.109000 $0.021000 $0.120000 $0.968000
      Dec 18, 2014 $4.968000 $0.078000 $1.392000 $3.498000
      Dec 18, 2013 $0.012000 $0.012000
      Dec 18, 2012 $0.221000 $0.221000
      Dec 16, 2011 $0.011000 $0.011000
      Dec 15, 2008 $0.056000 $0.056000
      Dec 14, 2007 $0.757000 $0.031000 $0.436000 $0.290000
      Dec 15, 2006 $0.475000 $0.013000 $0.140000 $0.322000

Investment Approach

Investment Approach

Jackson Square SMID-Cap Growth Fund

Jackon Square Partners (JSP) is a growth investor but is not bound by consensus definitions of growth. JSP believes that attractive returns can be realized by maintaining a concentrated portfolio of companies that have superior business models, strong cash flows and the opportunity to generate consistent, long-term growth of intrinsic business value. The SMID-Cap Growth product invests, at the time of purchase, in companies with an equity capitalization of less than $7.5B. Positions generally graduate from the portfolio around $15 billion.

Additional Fund Highlight


Equity Style Analysis: Growth vs. Value

 
Recent equity growth style outperformance may be testing the resolve many investors have to remain diversified. Although it is nearly impossible to predict when and to what extent these performance and valuation trends will reverse themselves, historically they have. Rather than try to predict future trends, investors should consider remaining diversified over the long term.
Read Full Perspective

About

About Jackson Square Partners

Background

Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager, specializing in long-only, growth-oriented equity investing. Their approach has been honed by a team who has worked together for more than two decades, resulting in a unifying investment philosophy of concentrated, long-term investing focused on intrinsic business value growth.

Learn More

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Founded

2014


Headquarters

San Francisco


Affiliate Since

2020

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