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JIGFX

)

Overseas Fund

Non-U.S. All Cap Equities
NAV As of 08/20/19 $29.27

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Fund Facts

Details Performance (As of 08/20/19) Morningstar (As of 07/31/19)
05/02/94 Inception Date
$1.32B Total Net Assets (As of 07/31/19)
GROSS 0.64%
NET 0.64%
Annual Expense Ratio
(As of fiscal year end 09/30/18)
Morningstar Fee Level (As of 07/31/19)
Fee Level Group
Foreign Large Cap Institutional
(out of 499 funds)
Morningstar Fee Level Below Average
View Morningstar Fee Level
-0.41% 1 Day Return
6.82% YTD Return
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 06/30/2019)
(As of 07/31/2019)
Inception: May 02, 1994 3M YTD 1YR 3YR 5YR 10YR Since Inception
Overseas Fund – I Shares 3.26% 14.38% -1.95% 11.00% -2.17% 1.69% 7.49%
MSCI All Country World ex-U.S. Index℠ 2.98% 13.60% 1.29% 9.39% 2.16% 6.54% -
Inception: May 02, 1994 3M YTD 1YR 3YR 5YR 10YR Since Inception
Overseas Fund – I Shares -2.55% 11.68% -7.19% 7.31% -2.15% 0.62% 7.36%
MSCI All Country World ex-U.S. Index℠ -0.88% 12.22% -2.27% 7.20% 2.12% 5.42% -
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 I 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 06/30/2019)
(As of 07/31/2019)
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 75 4 100 100 11
Foreign Large Blend Category
Rank/Count
531/740 17/681 585/592 497/503 18/142
1 YR 3 YR 5 YR 10 YR SINCE INCEPTION
Percentile Ranking (%) 85 14 100 100 11
Foreign Large Blend Category
Rank/Count
611/737 87/684 587/594 494/500 18/142

CALENDAR YEAR PERFORMANCE

RETURNS-BASED STATISTICS

(As of 07/31/19 CLASS I SHARES)

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

3 YEAR 5 YEAR
Information Ratio 0.03 -0.66
Alpha -0.57 -4.29
Tracking Error 3.95 6.43
Beta 1.12 1.24
R-Squared (%) 91.87 88.12

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

3 YEAR 5 YEAR
Up Capture Ratio 106.66 111.77
Down Capture Ratio 108.08 134.35

STANDARD DEVIATION

3 YEAR 5 YEAR
Overseas Fund 13.05 16.54
MSCI All Country World ex-U.S. Index℠ 11.19 12.55

SHARPE RATIO

3 YEAR 5 YEAR
Overseas Fund 0.45 -0.18
MSCI All Country World ex-U.S. Index℠ 0.52 0.10

ANNUAL FEES & EXPENSES

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

CLASS I SHARES
Management Fees 0.48%
12b-1 Fees -
Other Expenses 0.16%
Total Gross Expenses 0.64%
Waivers 0.00%
Total Net Expenses 0.64%
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 07/31/2019)

% of Fund
Safran SA 4.80
Alibaba Group Holding Ltd (ADR) 4.79
AIA Group Ltd 4.70
Diageo PLC 4.66
ASML Holding NV 4.52
Tencent Holdings Ltd 3.85
Heineken NV 3.75
BNP Paribas SA 3.44
Takeda Pharmaceutical Co Ltd 3.31
Canadian Natural Resources Ltd 3.17
TOTAL 40.99

PORTFOLIO CHARACTERISTICS

(As of 07/31/19)

FUND INDEX
Number of Holdings
Equity Issues
41
2205
Market Capitalization
Weighted Average
$107.95B
$66.25B
Portfolio Turnover Rate
(1-year trailing)
26.10%
-
Price/Earnings Ratio
(1-year forward)
18.10
17.68
Price/Book Ratio
(1-year forward)
3.21
2.59
Earnings Growth Rate
(1-year forward)
6.88%
6.19%

DEVELOPED VS. EMERGING MARKET

(As of 07/31/19)

% OF FUND % OF INDEX
Non-U.S. Developed 73.80 73.62
Non-U.S. Emerging 21.43 26.27
U.S. 3.29 0.11
Cash & Equivalents 1.48 -

SECTOR ALLOCATION

(As of 07/31/19)

% OF FUND % OF INDEX
Financials 23.96 21.64
Consumer Discretionary 15.68 11.40
Industrials 12.59 11.87
Information Technology 10.16 8.71
Consumer Staples 9.50 10.03
Health Care 8.85 8.36
Materials 8.19 7.45
Energy 5.74 6.89
Communication Services 3.85 7.00
Cash & Equivalents 1.48 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS

(As of 07/31/2019)

% OF FUND % OF INDEX
Over $100B 28.14 20.48
$50B to $100B 33.80 17.01
$10B to $50B 27.87 43.21
$5B to $10B 2.04 12.77
$1B to $5B 5.91 5.14
$500M to $1B 0.76 0.01

REGIONAL ALLOCATION

(As of 07/31/19)

% OF FUND % OF INDEX
Europe 43.61 43.48
Asia/Pacific Ex Japan 30.58 27.39
Japan 14.25 16.04
North America 10.08 6.98
Cash & Equivalents 1.48 -

Commentary & Literature

2Q19 Portfolio Commentary Highlights

  • Stocks gained ground in the second quarter, but were volatile.
  • The Fund outperformed its benchmark, the MSCI All Country World ex-U.S. Index, during the period.
  • We see several potential sources of market volatility in the back half of the year. We’ll take a high-conviction, long-term approach and add positions when volatility presents opportunities.

Read The Full Commentary