Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
Jackson Square Select 20 Growth Fund
mutual fund
DPCEX
Payout Change
Suspended
Price as of:
$4.5421
+0.0
+0.0%
primary theme
N/A
share class
DPCEX (Mutual Fund)
Jackson Square Select 20 Growth Fund
DPCEX (Mutual Fund)
Jackson Square Select 20 Growth Fund
Payout Change
Suspended
Price as of:
$4.5421
+0.0
+0.0%
primary theme
N/A
share class
Name
As of 08/27/2021Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
-46.7%
1 yr return
34.4%
3 Yr Avg Return
21.2%
5 Yr Avg Return
17.8%
Net Assets
$9.29 M
Holdings in Top 10
62.5%
52 WEEK LOW AND HIGH
$4.5
$4.54
$9.77
Expenses
OPERATING FEES
Expense Ratio 0.87%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 60.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000,000
IRA
$1,000,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 08/27/2021Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
DPCEX - Profile
Distributions
- YTD Total Return -46.7%
- 3 Yr Annualized Total Return 21.2%
- 5 Yr Annualized Total Return 17.8%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.87%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameJackson Square Select 20 Growth Fund
-
Fund Family NameJackson Square
-
Inception DateMar 31, 2000
-
Shares Outstanding985354
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerJeffrey Van Harte
Fund Description
The Fund is non-diversified and generally invests in approximately 20 common stocks of growth-oriented companies of any size that the Adviser believes have long-term capital appreciation potential and may grow faster than the U.S. economy. The Fund will likely hold a more limited number of securities than many other mutual funds. The Adviser currently expects that the Fund will invest in no fewer than 15 and no more than 25 companies. From time to time, the Fund may focus its investments in securities of companies in the same economic sector, including the Information Technology sector.
Using a bottom-up approach in selecting securities for the Fund, the Adviser seeks to select securities of companies that it believes have strong competitive positions, strong and consistent cash flows, and the opportunity to generate consistent, long-term growth of intrinsic business value. The Adviser typically considers a company’s operational efficiency and management’s plans for capital allocation. Through the Adviser’s investment research process, it seeks to identify the companies that it believes will exceed the market’s expectations for: 1) key financial metrics and 2) sustainable competitive advantage. The Adviser purchases these securities for the Fund when it believes the market has not already reflected these expectations in the current stock price. Additionally, the Adviser typically invests for a 3-5 year time horizon, allowing it to take advantage of discrepancies between short-term price movements and long-term fundamental prospects.
The Fund may invest up to 20% of its net assets in securities of foreign issuers, which may include global depositary receipts (“GDRs”) and, without limitation, sponsored and unsponsored American depositary receipts (“ADRs”) that are actively traded in the United States, including issuers located or operating in emerging markets and frontier markets. The Fund determines that a market is an emerging market if it is included in the MSCI Emerging Markets Index; the Fund determines that a market is a frontier market if it is included in the MSCI Frontier Markets Index. To the extent the Fund invests in securities denominated in a particular currency, it may invest in forward foreign currency exchange contracts to hedge currency risks associated with the investment.
In addition, the Fund may invest in real estate investment trusts (“REITs”). REITs are corporations or trusts that invest primarily in fee or leasehold ownership of real estate, mortgages or shares issued by other REITs, and that receive favorable tax treatment provided they meet certain conditions, including the requirement that they distribute at least 90% of their taxable income.
Holdings are typically sold to make room in the portfolio for more attractive stocks, or where the holding reaches the Adviser’s estimate for its intrinsic value, or in response to an unexpected, negative fundamental change, including a change in management’s strategic direction.
DPCEX - Performance
Return Ranking - Trailing
| Period | DPCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -46.7% | -88.1% | 127.8% | 99.71% |
| 1 Yr | 34.4% | -9.0% | 85.7% | 60.99% |
| 3 Yr | 21.2%* | 3.6% | 47.4% | 65.10% |
| 5 Yr | 17.8%* | 10.8% | 40.9% | 86.30% |
| 10 Yr | 14.5%* | 9.6% | 24.5% | 86.16% |
* Annualized
Return Ranking - Calendar
| Period | DPCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 43.0% | -67.0% | 145.0% | 12.75% |
| 2022 | 16.2% | -28.8% | 76.0% | 87.97% |
| 2021 | -0.2% | -57.9% | 10.6% | 5.26% |
| 2020 | -23.7% | -68.7% | 64.3% | 99.71% |
| 2019 | N/A | -47.1% | 53.3% | N/A |
Total Return Ranking - Trailing
| Period | DPCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | -46.7% | -88.1% | 127.8% | 99.71% |
| 1 Yr | 34.4% | -9.0% | 85.7% | 51.95% |
| 3 Yr | 21.2%* | 3.6% | 47.4% | 59.38% |
| 5 Yr | 17.8%* | 10.3% | 40.9% | 81.92% |
| 10 Yr | 14.5%* | 9.6% | 24.5% | 83.99% |
* Annualized
Total Return Ranking - Calendar
| Period | DPCEX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 43.0% | -67.0% | 145.0% | 12.75% |
| 2022 | 16.2% | -28.8% | 76.0% | 88.14% |
| 2021 | -0.2% | -57.9% | 16.5% | 15.97% |
| 2020 | 17.2% | -24.8% | 64.3% | 86.21% |
| 2019 | N/A | -43.3% | 53.3% | N/A |
NAV & Total Return History
DPCEX - Holdings
Concentration Analysis
| DPCEX | Category Low | Category High | DPCEX % Rank | |
|---|---|---|---|---|
| Net Assets | 9.29 M | 219 K | 280 B | 97.94% |
| Number of Holdings | 21 | 2 | 3125 | 96.51% |
| Net Assets in Top 10 | 5.81 M | -20.6 M | 102 B | 87.53% |
| Weighting of Top 10 | 62.51% | 10.1% | 100.0% | 3.62% |
Top 10 Holdings
- Microsoft Corp 11.31%
- Bill.com Holdings Inc Ordinary Shares 6.77%
- New York Times Co Class A 6.50%
- Twilio Inc A 6.28%
- KKR & Co Inc Ordinary Shares 6.21%
- Liveramp Holdings Inc 6.01%
- Amazon.com Inc 5.69%
- Uber Technologies Inc 5.60%
- Gci Liberty Inc A 5.45%
- Datadog Inc Class A 5.43%
Asset Allocation
| Weighting | Return Low | Return High | DPCEX % Rank | |
|---|---|---|---|---|
| Stocks | 99.45% | 0.00% | 142.86% | 42.26% |
| Cash | 0.54% | -42.85% | 61.69% | 51.51% |
| Preferred Stocks | 0.00% | -0.01% | 4.14% | 18.15% |
| Other | 0.00% | -0.52% | 18.57% | 29.04% |
| Convertible Bonds | 0.00% | 0.00% | 0.59% | 12.33% |
| Bonds | 0.00% | -0.70% | 99.61% | 14.86% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | DPCEX % Rank | |
|---|---|---|---|---|
| Technology | 42.83% | 0.00% | 62.06% | 5.62% |
| Healthcare | 16.94% | 0.00% | 40.78% | 15.49% |
| Communication Services | 15.18% | 0.00% | 67.80% | 41.88% |
| Financial Services | 11.63% | 0.00% | 44.03% | 38.18% |
| Consumer Cyclical | 5.72% | 0.00% | 50.79% | 96.85% |
| Consumer Defense | 4.01% | 0.00% | 23.31% | 37.83% |
| Industrials | 3.69% | 0.00% | 39.00% | 78.34% |
| Utilities | 0.00% | 0.00% | 7.82% | 36.12% |
| Real Estate | 0.00% | 0.00% | 21.64% | 69.02% |
| Energy | 0.00% | 0.00% | 29.32% | 46.20% |
| Basic Materials | 0.00% | 0.00% | 22.40% | 77.52% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | DPCEX % Rank | |
|---|---|---|---|---|
| US | 92.81% | 0.00% | 141.08% | 59.25% |
| Non US | 6.64% | 0.00% | 86.30% | 36.58% |
DPCEX - Expenses
Operational Fees
| DPCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.87% | 0.01% | 13.41% | 46.32% |
| Management Fee | 0.65% | 0.00% | 1.50% | 52.83% |
| 12b-1 Fee | 0.00% | 0.00% | 1.00% | 2.31% |
| Administrative Fee | N/A | 0.01% | 1.02% | N/A |
Sales Fees
| DPCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 8.50% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| DPCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 1.00% | 5.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| DPCEX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 60.00% | 0.00% | 414.00% | 72.13% |
DPCEX - Distributions
Dividend Yield Analysis
| DPCEX | Category Low | Category High | DPCEX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 5.44% | 14.41% |
Dividend Distribution Analysis
| DPCEX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
Net Income Ratio Analysis
| DPCEX | Category Low | Category High | DPCEX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.87% | -56.00% | 2.90% | 4.92% |
Capital Gain Distribution Analysis
| DPCEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
DPCEX - Fund Manager Analysis
Managers
Jeffrey Van Harte
Start Date
Tenure
Tenure Rank
Mar 31, 2000
21.35
21.4%
Jeffrey S. Van Harte, chairman and the chief investment officer, joined Jackson Square Partners in April 2014. Previously, he was a senior vice president and the chief investment officer at Delaware, and was the chief investment officer for its Focus Growth Equity team (2005 to 2014). Prior to that, he was a principal and executive vice president at Transamerica Investment Management (1980 to 2005).
Daniel Prislin
Start Date
Tenure
Tenure Rank
Mar 31, 2000
21.35
21.4%
Daniel J. Prislin, portfolio manager and analyst, joined Jackson Square Partners in April 2014. Previously, he was a vice president, senior portfolio manager and analyst at Delaware, and was a senior portfolio manager on its Focus Growth Equity team (2005 to 2014). Prior to that, he was a principal and portfolio manager at Transamerica Investment Management (1998 to 2005).
Kenneth Broad
Start Date
Tenure
Tenure Rank
Mar 31, 2000
21.35
21.4%
Kenneth F. Broad, CFA, MBA Portfolio Manager, Research Analyst Kenneth F. Broad became a member of Jackson Square, at its inception in May 2014, as a portfolio manager and research analyst. Prior to joining Jackson Square, he was a portfolio manager and equity analyst on the Delaware Investments Focus Growth Equity team from April 2005 to April 2014. The Focus Growth Equity team managed large-cap growth, smid-cap growth, all-cap growth and global growth portfolios. Prior to joining Delaware Investments, he was a principal and portfolio manager at Transamerica Investment Management, where he managed sub-advised funds and institutional separate accounts. Before joining Transamerica in 2000, he was a portfolio manager with The Franklin Templeton Group and was a consultant in the business valuation and merger and acquisition group at KPMG Peat Marwick. He received an MBA from the University of California at Los Angeles and his bachelor’s degree in economics from Colgate University.
Greg Chory
Start Date
Tenure
Tenure Rank
Jan 07, 2019
2.56
2.6%
Gregory L. Chory joined Jackson Square in September 2014. Prior to joining Jackson Square, he was an associate from July 2011 to August 2014 at Technology Crossover Ventures, a venture capital firm, focusing on the software and services industries. Before that, Mr. Chory spent three years as an investment banking analyst for BMO Capital Markets in the business services and media group. He received a bachelor’s degree from Emory University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 53.61 | 7.56 | 1.58 |
