Global Sector Views
Read the latest insights from our research team and learn how they are navigating the opportunities and risks within each sector.
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JWWFX
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Global Research Fund
Global Large-Cap Growth Utilizing Our Analysts' Best Ideas
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Overview
Client Commitment
By investing in the best ideas from each global research sector team, this global large-cap growth fund seeks long-term growth of capital with volatility similar to its peers. Our analysts scour the globe to identify industry-leading companies with brand power, enduring business models and strong competitive positioning.
- Our teams of dedicated sector specialists conduct independent, differentiated research to construct unique sector portfolios that are combined to form a diversified fund. This design allows investors to benefit directly from the insights and expertise of our equity research team.
- Each of our experienced global sector teams builds a high-conviction portfolio of their best ideas, regardless of market cap, geography or sub-sector. All ideas and position sizes are debated and fully vetted before entry into the portfolio.
- This Fund’s disciplined investment process is designed to minimize macro risks by aligning sector allocations with the benchmark. This allows fundamental, bottom-up stock selection within each sector to be the primary driver of returns.
Why Invest in the Fund
Managed by Sector Experts
Pure Stock Picking Approach
Minimize the Macro
Portfolio Management
Featured Insights
Performance
RETURNS
| Inception: Feb 25, 2005 | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception |
|---|---|---|---|---|---|---|---|
| Global Research Fund – I Shares | -0.26% | 17.93% | 1.85% | 11.37% | 7.50% | 9.80% | 8.69% |
| MSCI World Index℠ | 0.53% | 17.61% | 1.83% | 10.21% | 7.18% | 9.01% | 6.46% |
| MSCI All Country World Index℠ | -0.03% | 16.20% | 1.38% | 9.71% | 6.65% | 8.35% | 6.34% |
| Inception: Feb 25, 2005 | 3M | YTD | 1YR | 3YR | 5YR | 10YR | Since Inception |
|---|---|---|---|---|---|---|---|
| Global Research Fund – I Shares | -0.26% | 17.93% | 1.85% | 11.37% | 7.50% | 9.80% | 8.69% |
| MSCI World Index℠ | 0.53% | 17.61% | 1.83% | 10.21% | 7.18% | 9.01% | 6.46% |
| MSCI All Country World Index℠ | -0.03% | 16.20% | 1.38% | 9.71% | 6.65% | 8.35% | 6.34% |
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.
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.
CALENDAR YEAR PERFORMANCE
RETURNS-BASED STATISTICS
(As of 08/31/19 CLASS I SHARES)
RISK / REWARD
|
3 YEAR | 5 YEAR |
|---|---|---|
| Information Ratio | 0.43 | 0.13 |
| Alpha | 0.97 | 0.21 |
| Tracking Error | 2.98 | 2.99 |
| Beta | 1.03 | 1.04 |
| R-Squared (%) | 93.90 | 94.42 |
UP AND DOWN MARKET CAPTURE (%)
|
3 YEAR | 5 YEAR |
|---|---|---|
| Up Capture Ratio | 106.73 | 105.74 |
| Down Capture Ratio | 100.27 | 104.42 |
STANDARD DEVIATION |
3 YEAR | 5 YEAR |
|---|---|---|
| Global Research Fund | 11.99 | 12.52 |
| MSCI World Index℠ | 11.28 | 11.70 |
SHARPE RATIO |
3 YEAR | 5 YEAR |
|---|---|---|
| Global Research Fund | 0.79 | 0.45 |
| MSCI World Index℠ | 0.72 | 0.45 |
ANNUAL FEES & EXPENSES(As of Fiscal Year End, 09/30/18) |
CLASS I SHARES |
|---|---|
| Management Fees | 0.50% |
| 12b-1 Fees | - |
| Other Expenses | 0.10% |
| Total Gross Expenses | 0.60% |
| Waivers | 0.00% |
| Total Net Expenses | 0.60% |
Net expense ratios reflect the expense waiver, if any, contractually agreed to through 2/1/20.
Characteristics
Index represents the MSCI World Index℠.
TOP HOLDINGS(As of 08/31/2019) |
% of Fund |
|---|---|
| Microsoft Corp | 3.32 |
| Amazon.com Inc | 2.69 |
| Alphabet Inc | 2.22 |
| Mastercard Inc | 2.20 |
| JPMorgan Chase & Co | 2.19 |
| Visa Inc | 2.09 |
| ASML Holding NV | 2.02 |
| Unilever NV | 1.89 |
| Constellation Brands Inc | 1.88 |
| Safran SA | 1.82 |
| TOTAL | 22.32 |
PORTFOLIO CHARACTERISTICS(As of 08/31/19) |
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DEVELOPED VS. EMERGING MARKET(As of 08/31/19) |
% OF FUND | % OF INDEX |
|---|---|---|
| U.S. | 63.38 | 63.04 |
| Non-U.S. Developed | 30.60 | 36.89 |
| Non-U.S. Emerging | 5.34 | 0.07 |
| Cash & Equivalents | 0.68 | - |
RESEARCH SECTOR ALLOCATION(As of 08/31/19) |
% OF FUND | % OF INDEX |
|---|---|---|
| Technology | 21.69 | 21.21 |
| Financials | 21.01 | 20.86 |
| Consumer | 18.47 | 19.20 |
| Industrials & Materials | 17.02 | 17.30 |
| Health Care | 12.70 | 12.83 |
| Energy & Utilities | 8.43 | 8.60 |
| Cash & Equivalents | 0.68 | - |
MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS(As of 08/31/2019) |
% OF FUND | % OF INDEX |
|---|---|---|
| Over $100B | 41.99 | 39.17 |
| $50B to $100B | 19.57 | 17.48 |
| $10B to $50B | 30.30 | 35.42 |
| $5B to $10B | 6.30 | 6.42 |
| $1B to $5B | 1.16 | 1.30 |
REGIONAL ALLOCATION(As of 08/31/19) |
% OF FUND | % OF INDEX |
|---|---|---|
| North America | 67.27 | 66.53 |
| Europe | 19.59 | 21.03 |
| Asia/Pacific Ex Japan | 8.23 | 4.07 |
| Japan | 4.23 | 8.11 |
| Cash & Equivalents | 0.68 | - |
Commentary & Literature
2Q19 Portfolio Commentary Highlights
- Stocks gained ground in the second quarter, but were volatile.
- The Fund outperformed its benchmarks during the period.
- We believe compelling, long-term growth opportunities can continue to be found throughout the market’s sectors.