On Nov. 20, 2020, Jackson Square Partners announced that Macquarie has sold its minority stake in Jackson Square to Affiliated Managers Group AMG. Jackson Square Partners remains majority employee-owned and retains its operational and investment autonomy. Two changes on the investment team round out the recent reform, but these are manageable, and the ratings are unchanged. Jackson Square SMID-Cap Growth’s Institutional and IS share classes retain a Morningstar Analyst Rating of Silver, while the pricier Investor share class maintains a Bronze.
Jackson Square SMID-Cap Growth Instl JSMTX
NAV / 1-Day Return
34.56
/
3.01
%
Total Assets
1.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.970%
Expense Ratio
0.970%
Fee Level
Above Average
Longest Manager Tenure
17.45
years
Category
Mid-Cap Growth
Investment Style
Mid GrowthMin. Initial Investment
100,000
Status
Open
TTM Yield
0.00%
Turnover
49%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will JSMTX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JSMTX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the JSMTX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of JSMTX’s parent organization’s priorities and whether they’re in line with investors’ interests.
New Minority Owner for Jackson Square Will Have Little Impact Here; Ratings Unchanged
