
Currents of Disruption: Internet of Things Reaches Takeoff Point
In public, industrial and consumer sectors, increasing adoption of smart, connected devices will be a transformative force for the global economy, says Denny Fish.
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Details | Performance (As of 02/15/19) | Morningstar (As of 01/31/19) |
---|---|---|
12/31/98
Inception Date
$2.75B
Total Net Assets
(As of 01/31/19)
(As of fiscal year end 09/30/18)
Morningstar Fee Level
(As of 01/31/19)
Fee Level Group Specialty Institutional (out of 423 funds) ![]() |
0.24%
1 Day Return
15.34%
YTD Return
|
Category
Technology
(Based on risk-adjusted returns)
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This global growth fund invests in companies that create and benefit from advances in technology. We invest in companies we believe to be resilient and also take smaller positions in companies that have optionality—meaning large potential upside under a specific scenario. This fund seeks to provide strong long-term returns with volatility characteristics on par with its peers.
**Predicted Risk Contribution is calculated using the Barra risk model, which is multi-factor and based on long-term trends with the most weight given to the more recent data.
Inception: Dec 31, 1998 | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception |
---|---|---|---|---|---|---|---|
Global Technology Fund – N Shares | -16.24% | 0.98% | 0.98% | 18.33% | 13.60% | 18.52% | 8.35% |
S&P 500® Index | -13.52% | -4.38% | -4.38% | 9.26% | 8.49% | 13.12% | 5.62% |
MSCI All Country World Information Technology Index | -17.11% | -5.81% | -5.81% | 14.43% | 12.24% | 15.90% | 4.82% |
Inception: Dec 31, 1998 | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception |
---|---|---|---|---|---|---|---|
Global Technology Fund – N Shares | 4.38% | 11.11% | 2.86% | 25.97% | 16.85% | 20.14% | 8.88% |
S&P 500® Index | 0.26% | 8.01% | -2.31% | 14.02% | 10.96% | 15.00% | 6.00% |
MSCI All Country World Information Technology Index | -1.28% | 7.87% | -5.64% | 19.77% | 14.54% | 17.22% | 5.20% |
1 YR | 3 YR | 5 YR | 10 YR | SINCE INCEPTION | |
---|---|---|---|---|---|
Percentile Ranking (%) | 31 | 11 | 35 | 39 | 16 |
Technology Category Rank/Count |
59/213 | 12/196 | 64/189 | 60/180 | 22/97 |
1 YR | 3 YR | 5 YR | 10 YR | SINCE INCEPTION | |
---|---|---|---|---|---|
Percentile Ranking (%) | 32 | 14 | 25 | 36 | 17 |
Technology Category Rank/Count |
59/219 | 17/197 | 46/189 | 54/180 | 23/97 |
RISK / REWARD
|
3 YEAR | 5 YEAR |
---|---|---|
Information Ratio | 1.54 | 0.57 |
Alpha | 5.28 | 1.79 |
Tracking Error | 4.15 | 4.38 |
Beta | 1.01 | 1.04 |
R-Squared (%) | 92.68 | 91.86 |
UP AND DOWN MARKET CAPTURE (%)
|
3 YEAR | 5 YEAR |
---|---|---|
Up Capture Ratio | 106.93 | 106.08 |
Down Capture Ratio | 72.23 | 94.51 |
STANDARD DEVIATION |
3 YEAR | 5 YEAR |
---|---|---|
Global Technology Fund | 15.31 | 15.23 |
MSCI All Country World Information Technology Index | 14.57 | 14.06 |
SHARPE RATIO |
3 YEAR | 5 YEAR |
---|---|---|
Global Technology Fund | 1.64 | 1.08 |
MSCI All Country World Information Technology Index | 1.28 | 0.99 |
ANNUAL FEES & EXPENSES(As of Fiscal Year End, 09/30/18) |
CLASS N SHARES |
---|---|
Management Fees | 0.64% |
12b-1 Fees | - |
Other Expenses | 0.05% |
Total Gross Expenses | 0.69% |
Waivers | 0.00% |
Total Net Expenses | 0.69% |
Index represents the MSCI All Country World Information Technology Index℠.
TOP HOLDINGS(As of 01/31/2019) |
% of Fund |
---|---|
Microsoft Corp | 6.83 |
Alphabet Inc | 6.06 |
Alibaba Group Holding Ltd (ADR) | 4.14 |
salesforce.com Inc | 3.62 |
Texas Instruments Inc | 3.47 |
Mastercard Inc | 3.08 |
Adobe Inc | 3.02 |
Amazon.com Inc | 2.87 |
Tencent Holdings Ltd | 2.73 |
Taiwan Semiconductor Manufacturing Co Ltd | 2.68 |
TOTAL | 38.50 |
PORTFOLIO CHARACTERISTICS(As of 01/31/19) |
FUND | INDEX |
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DEVELOPED VS. EMERGING MARKET(As of 01/31/19) |
% OF FUND | % OF INDEX |
---|---|---|
U.S. | 78.71 | 75.09 |
Non-U.S. Emerging | 13.60 | 11.49 |
Non-U.S. Developed | 6.64 | 13.42 |
Cash & Equivalents | 1.05 | - |
SECTOR ALLOCATION(As of 01/31/19) |
% OF FUND | % OF INDEX |
---|---|---|
Information Technology | 66.49 | 100.00 |
Communication Services | 16.24 | - |
Consumer Discretionary | 10.58 | - |
Real Estate | 4.50 | - |
Industrials | 1.14 | - |
Cash & Equivalents | 1.05 | - |
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS(As of 01/31/2019) |
% OF FUND | % OF INDEX |
---|---|---|
Over $100B | 43.52 | 56.40 |
$50B to $100B | 12.00 | 9.18 |
$10B to $50B | 28.76 | 27.16 |
$5B to $10B | 11.01 | 4.94 |
$1B to $5B | 2.84 | 1.77 |
N/A | 0.82 | 0.55 |
REGIONAL ALLOCATION(As of 01/31/19) |
% OF FUND | % OF INDEX |
---|---|---|
North America | 79.45 | 76.03 |
Asia/Pacific Ex Japan | 13.06 | 11.62 |
Europe | 3.48 | 6.75 |
Japan | 1.39 | 5.15 |
Latin America | 1.10 | 0.06 |
Africa/Mideast | 0.47 | 0.39 |
Cash & Equivalents | 1.05 | - |