(

JDNRX

)

Growth and Income Fund

Large-Cap Growth Equities with Income Potential
NAV As of 06/14/19 $56.21

Jump to a section

Fund Facts

Details Yields Morningstar (As of 05/31/19)
05/15/91 Inception Date
$5.72B Total Net Assets (As of 05/31/19)
GROSS 1.41%
NET 1.41%
Annual Expense Ratio
(As of fiscal year end 09/30/18)
1.36% Distribution Yield at NAV
(As of 03/31/19)
30 Day SEC Yield (As of 05/31/19)
With Waivers 1.39%
Without Waivers 1.40%
Quarterly Distribution Frequency
Performance (As of 06/14/19)
-0.18% 1 Day Return %
13.44% YTD Return
Category
Large Blend
ic_star ic_star ic_star ic_star
1197 Funds Rated
Overall Rating
(Based on risk-adjusted returns)
bronze Analyst Rating
LARGE VALUE
LARGE BLEND
LARGE GROWTH
MID VALUE
MID BLEND
MID GROWTH
SMALL VALUE
SMALL BLEND
SMALL GROWTH
Equity Style Box *
Important Morningstar Information

Overview

Client Commitment

A large-cap equity fund seeking to provide growth of capital and quarterly income. The fund leverages our in-depth fundamental research to invest in what we believe to be well-established companies characterized by sustainable growth and high or rising dividends.

Why Invest in the Fund

    Dividend-Paying Growth Opportunities

  1. The Fund seeks growth companies that have paid or increased dividends over time, which can be indicators of corporate stability and growth potential.
  2. Strategic Capital Allocation

  3. The Fund seeks to invest in well-established companies that are intelligently allocating capital to both fund growth and pay dividends.
  4. Complementary Source of Income

  5. This Fund may provide investors with an equity income source that could complement fixed income allocations while providing the potential for long-term growth of capital.

Featured Insights

Performance

RETURNS

(As of 03/31/2019)
(As of 05/31/2019)
Inception: May 15, 1991 3M YTD 1YR 3YR 5YR 10YR Since Inception
Growth and Income Fund – R Shares 10.41% 10.41% 9.39% 13.89% 10.47% 14.29% 10.23%
S&P 500® Index 13.65% 13.65% 9.50% 13.51% 10.91% 15.92% 9.83%
Inception: May 15, 1991 3M YTD 1YR 3YR 5YR 10YR Since Inception
Growth and Income Fund – R Shares -2.16% 7.91% 4.12% 12.56% 9.26% 11.90% 10.07%
S&P 500® Index -0.67% 10.74% 3.78% 11.72% 9.66% 13.95% 9.66%
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
View Fees and Expenses
Performance for Class R Shares that includes periods prior to 7/6/09 reflects the performance of one or more share classes of the Fund or a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund’s prospectus for further details concerning historical performance.

MORNINGSTAR PERCENTILE

(As of 03/31/2019)
(As of 05/31/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 25 9 24 62 12
Large Blend Category
Rank/Count
292/1442 106/1313 224/1233 623/1067 60/347
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 25 5 25 69 13
Large Blend Category
Rank/Count
342/1426 67/1298 241/1215 716/1052 61/347

CALENDAR YEAR PERFORMANCE

GROWTH OF A $10,000 HYPOTHETICAL INVESTMENT

Source: Morningstar, Inc.
This graph compares fund performance to that of the fund’s Morningstar category average and benchmark(s).

RETURNS-BASED STATISTICS

(As of 05/31/19 CLASS I SHARES)

RISK / REWARD
VS. S&P 500® INDEX

3 YEAR 5 YEAR
Information Ratio 0.54 0.13
Alpha 2.32 0.86
Tracking Error 3.06 2.72
Beta 0.93 0.94
R-Squared (%) 93.14 94.63

UP AND DOWN MARKET CAPTURE (%)
VS. S&P 500® INDEX

3 YEAR 5 YEAR
Up Capture Ratio 101.88 96.60
Down Capture Ratio 89.89 91.94

STANDARD DEVIATION

3 YEAR 5 YEAR
Growth and Income Fund 11.23 11.35
S&P 500® Index 11.69 11.72

SHARPE RATIO

3 YEAR 5 YEAR
Growth and Income Fund 1.08 0.81
S&P 500® Index 0.89 0.76

ANNUAL FEES & EXPENSES

(As of Fiscal Year End, 09/30/18)

CLASS R SHARES
Management Fees 0.60%
12b-1 Fees 0.50%
Other Expenses 0.31%
Total Gross Expenses 1.41%
Waivers 0.00%
Total Net Expenses 1.41%
Net expense ratios reflect the expense waiver, if any, contractually agreed to through 2/1/20.

Characteristics

Index represents the S&P 500® Index.

TOP HOLDINGS

(As of 05/31/2019)

% of Fund
Microsoft Corp 5.42
McDonald's Corp 3.43
Boeing Co 3.38
CME Group Inc 3.32
Merck & Co Inc 3.32
JPMorgan Chase & Co 3.26
Accenture PLC 3.12
Apple Inc 2.94
Texas Instruments Inc 2.87
US Bancorp 2.56
TOTAL 33.62

PORTFOLIO CHARACTERISTICS

(As of 05/31/19)

FUND INDEX
Number of Holdings
Equity Issues
63
505
Market Capitalization
Weighted Average
$174.34B
$226.02B
Portfolio Turnover Rate
(1-year trailing)
15.57%
-
Price/Earnings Ratio
(1-year forward)
17.48
19.77
Price/Book Ratio
(1-year forward)
5.70
5.66
Earnings Growth Rate
(1-year forward)
5.24%
6.61%

DEVELOPED VS. EMERGING MARKET

(As of 05/31/19)

% OF FUND % OF INDEX
U.S. 99.77 99.53
Cash & Equivalents 0.23 -

SECTOR ALLOCATION

(As of 05/31/19)

% OF FUND % OF INDEX
Information Technology 23.16 21.13
Health Care 15.34 14.23
Financials 14.27 13.16
Consumer Discretionary 14.15 10.18
Industrials 13.86 9.34
Consumer Staples 8.24 7.41
Communication Services 4.63 10.40
Energy 2.90 4.93
Real Estate 1.70 3.19
Materials 1.52 2.61
Cash & Equivalents 0.23 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS

(As of 05/31/2019)

% OF FUND % OF INDEX
Over $100B 46.76 51.17
$50B to $100B 22.52 16.43
$10B to $50B 28.64 29.81
$1B to $5B 1.85 0.15

REGIONAL ALLOCATION

(As of 05/31/19)

% OF FUND % OF INDEX
North America 99.77 99.53
Cash & Equivalents 0.23 -

Commentary & Literature

1Q19 Portfolio Commentary Highlights

  • Equities rebounded sharply during the quarter after a dramatic sell-off in late 2018.
  • The Fund underperformed its benchmark, with stock selection in financials and the consumer sectors weighing on relative performance.
  • We have a generally positive outlook for equity markets given the supportive low-rate environment, but remain mindful of downside risks.

Read The Full Commentary