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JDIAX

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Overseas Fund

Non-U.S. All Cap Equities
NAV As of 06/19/19 $30.98

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Fund Facts

Details Performance (As of 06/19/19) Morningstar (As of 05/31/19)
05/02/94 Inception Date
$1.29B Total Net Assets (As of 05/31/19)
GROSS 1.01%
NET 1.01%
Annual Expense Ratio
(As of fiscal year end 09/30/18)
Morningstar Fee Level (As of 05/31/19)
Fee Level Group
Foreign Large Cap Front Load
(out of 200 funds)
Morningstar Fee Level Low
View Morningstar Fee Level
1.54% 1 Day Return
12.21% YTD Return @NAV
5.77% YTD Return @MOP
Category
Foreign Large Blend
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

An international equity fund seeking to grow capital by investing with conviction in companies outside the U.S. where the portfolio managers believe the market underestimates free-cash-flow growth. The Fund considers both growth and value criteria as it seeks to deliver strong, risk-adjusted returns over the long term, regardless of prevailing market conditions.

Why Invest in the Fund

    Flexible International All-Cap Equities

  1. The portfolio managers have the flexibility to invest in 30 to 60 companies outside the U.S. and across the market cap and style spectrum where free-cash-flow growth is believed to be underestimated by the market. The portfolio managers search for both growing companies and attractive valuations.
  2. Differentiated & Uncorrelated Insights

  3. The intersection of independent viewpoints and differentiated perspectives between the portfolio managers and research analysts should lead to potentially greater and more consistent excess returns over time.
  4. Exacting Portfolio Construction

  5. Taking a prudent approach to portfolio construction and risk management, the portfolio managers aim to drive superior risk-adjusted returns over the full market cycle through stock selection in an effort to avoid persistent biases.

Featured Insights

Performance

RETURNS

(As of 03/31/2019)
(As of 05/31/2019)
Inception: May 02, 1994 3M YTD 1YR 3YR 5YR 10YR Since Inception
Class A Shares @NAV 10.65% 10.65% -8.04% 7.93% -2.02% 4.37% 7.29%
Class A Shares @MOP 4.30% 4.30% -13.32% 5.82% -3.18% 3.76% 7.04%
MSCI All Country World ex-U.S. Index℠ 10.31% 10.31% -4.22% 8.09% 2.57% 8.85% -
Inception: May 02, 1994 3M YTD 1YR 3YR 5YR 10YR Since Inception
Class A Shares @NAV -4.39% 5.61% -11.33% 6.61% -3.80% 0.39% 7.04%
Class A Shares @MOP -9.89% -0.44% -16.42% 4.52% -4.94% -0.20% 6.79%
MSCI All Country World ex-U.S. Index℠ -2.29% 7.15% -6.26% 6.72% 1.31% 5.80% -
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.
Maximum Offering Price (MOP) returns include the maximum sales charge of 5.75%. Net Asset Value (NAV) returns exclude this charge, which would have reduced returns.
View Fees and Expenses
Performance for Class A 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 (%) 84 18 100 99 16
Foreign Large Blend Category
Rank/Count
616/778 112/718 626/630 521/526 27/137
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 86 17 100 100 17
Foreign Large Blend Category
Rank/Count
617/741 90/682 591/595 497/500 29/141

CALENDAR YEAR PERFORMANCE

RETURNS-BASED STATISTICS

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

RISK / REWARD
VS. MSCI ALL COUNTRY WORLD EX-U.S. INDEX℠

3 YEAR 5 YEAR
Information Ratio 0.06 -0.75
Alpha -0.47 -4.66
Tracking Error 4.24 6.35
Beta 1.13 1.23
R-Squared (%) 90.78 87.53

UP AND DOWN MARKET CAPTURE (%)
VS. MSCI ALL COUNTRY WORLD EX-U.S. INDEX℠

3 YEAR 5 YEAR
Up Capture Ratio 108.71 109.07
Down Capture Ratio 109.54 134.80

STANDARD DEVIATION

3 YEAR 5 YEAR
Overseas Fund 13.12 16.13
MSCI All Country World ex-U.S. Index℠ 11.05 12.29

SHARPE RATIO

3 YEAR 5 YEAR
Overseas Fund 0.43 -0.27
MSCI All Country World ex-U.S. Index℠ 0.49 0.04

ANNUAL FEES & EXPENSES

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

CLASS A SHARES
Management Fees 0.48%
12b-1 Fees 0.25%
Other Expenses 0.28%
Total Gross Expenses 1.01%
Waivers 0.00%
Total Net Expenses 1.01%
Information Regarding Sales Charge Reductions and Waivers
Net expense ratios reflect the expense waiver, if any, contractually agreed to through 2/1/20.

Characteristics

Index represents the MSCI All Country World ex-U.S. Index℠.

TOP HOLDINGS

(As of 05/31/2019)

% of Fund
Diageo PLC 4.80
Safran SA 4.51
Sony Financial Holdings Inc 4.50
AIA Group Ltd 4.43
Alibaba Group Holding Ltd (ADR) 4.25
ASML Holding NV 4.17
Rio Tinto Ltd 3.89
Heineken NV 3.76
Tencent Holdings Ltd 3.50
Canadian Natural Resources Ltd 3.47
TOTAL 41.28

PORTFOLIO CHARACTERISTICS

(As of 05/31/19)

FUND INDEX
Number of Holdings
Equity Issues
42
2211
Market Capitalization
Weighted Average
$92.75B
$65.57B
Portfolio Turnover Rate
(1-year trailing)
23.84%
-
Price/Earnings Ratio
(1-year forward)
16.30
16.50
Price/Book Ratio
(1-year forward)
2.90
2.26
Earnings Growth Rate
(1-year forward)
7.39%
7.61%

DEVELOPED VS. EMERGING MARKET

(As of 05/31/19)

% OF FUND % OF INDEX
Non-U.S. Developed 75.14 73.56
Non-U.S. Emerging 19.44 26.34
U.S. 2.92 0.10
Cash & Equivalents 2.50 -

SECTOR ALLOCATION

(As of 05/31/19)

% OF FUND % OF INDEX
Financials 23.88 22.03
Consumer Discretionary 15.13 11.02
Industrials 12.01 11.84
Consumer Staples 9.66 10.08
Materials 9.65 7.48
Information Technology 9.26 8.42
Health Care 8.31 8.21
Energy 6.10 7.27
Communication Services 3.50 6.99
Cash & Equivalents 2.50 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS

(As of 05/31/2019)

% OF FUND % OF INDEX
Over $100B 25.07 18.25
$50B to $100B 33.34 18.20
$10B to $50B 23.84 43.14
$5B to $10B 8.18 13.15
$1B to $5B 6.15 5.87
$500M to $1B 0.92 -

REGIONAL ALLOCATION

(As of 05/31/19)

% OF FUND % OF INDEX
Europe 43.72 43.42
Asia/Pacific Ex Japan 29.14 27.48
Japan 15.66 16.13
North America 8.98 6.92
Cash & Equivalents 2.50 -

Commentary & Literature

1Q19 Portfolio Commentary Highlights

  • Stocks rebounded in the first quarter after the Fed indicated it would take a cautious approach to raising interest rates.
  • The Fund outperformed its benchmark.
  • While economic growth is slow, we don’t see the signs of excess that traditionally derail economic or stock market expansions.

Read The Full Commentary