Fund Overview Fund Overview Share Class IS IS Investor Institutional NAV | as of 12/05/2023 $17.13 -$0.15 (-0.87%) Morningstar | Style Box V B G L M S Morningstar Analyst Rating as of 7/20/2022 Download Analyst Rating Report Growth of $10,000 (Hypothetical) Since Inception 12/01/2003 to 11/30/2023 = $51,604.65 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. View Performance Read Important Investment Disclosures Objective The fund seeks long-term capital appreciation. Why Consider Jackson Square Partners (JSP) is benchmark agnostic, holding a concentrated, conviction weighted portfolio. The JSP concentrated portfolio approach limits asset capacity in all strategies, resulting in a performance-driven investment culture. JSP emphasizes growth in intrinsic business value as opposed to more traditional definitions of growth that are often restricted to revenue and reported earnings. Cash generation and return on invested capital are more important to JSP than accounting earnings. JSP’s investment team structure is flat, with a stable, veteran team which values high levels of accountability and internal peer scrutiny. While members of the team may have portfolio management responsibilities, everyone on the team is first and foremost an analyst. Documents Fact Sheet Commentary Summary Prospectus Prospectus 2023 Distributions Estimates View All Documents Christopher Bonavico PORTFOLIO MANAGER, ANALYST See Our Approach Read Bio Kenneth Broad CO-CHAIRMAN, PORTFOLIO MANAGER, ANALYST See Our Approach Read Bio Ian Ferry CIO, PORTFOLIO MANAGER, ANALYST See Our Approach Read Bio Investment Style Jackson Square SMID-Cap Growth Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective Jackson Square SMID-Cap Growth Fund is categorized as Mid-Growth. It invests in medium-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 10/31/2023 Overall Rating (of 521) 3 Years (of 521) 5 Years (of 493) 10 Years (of 396) Category Mid-Cap Growth Read Important Investment Disclosures Christopher Bonavico PORTFOLIO MANAGER, ANALYST Chris Bonavico is a founding member of Jackson Square Partners serving as a portfolio manager for the Global Growth and SMID-Cap Growth strategies and analyst supporting all strategies. His tenure with the team spans almost three decades. Prior to founding Jackson Square, he was a portfolio manager of the Delaware Investments Focus Growth Equity team from April 2005 to April 2014. Prior to Delaware Investments, he was a principal and portfolio manager at Transamerica Investment Management, where he managed sub-advised funds and institutional separate accounts. Before joining Transamerica in 1993, he was a research analyst for Salomon Brothers. Chris received his bachelor’s degree in economics from the University of Delaware and is a CFA® charterholder. Kenneth Broad CO-CHAIRMAN, PORTFOLIO MANAGER, ANALYST Ken Broad is a founding member of Jackson Square Partners and has served as a portfolio manager for the SMID-Cap Growth and Small Cap Opportunities strategies and analyst supporting all strategies. He was promoted to co-chair in 2023. He has spent more than 20 years with the team. Previously, he was a portfolio manager of the Delaware Investments Focus Growth Equity team from April 2005 to April 2014. Prior to Delaware Investments, he was a principal and portfolio manager at Transamerica Investment Management, where he managed sub-advised funds and institutional separate accounts. Before joining Transamerica in 2000, he was a portfolio manager with The Franklin Templeton Group and a consultant in the business valuation and merger and acquisition group at KPMG Peat Marwick. He received an MBA from the University of California, Los Angeles and his bachelor’s degree in economics from Colgate University. He is also a CFA® charterholder. Ian Ferry CIO, PORTFOLIO MANAGER, ANALYST Ian Ferry is a founding member of Jackson Square Partners, serving as a portfolio manager for the SMID Cap Growth and Small Cap Opportunities strategies and analyst supporting all strategies. He was promoted to CIO in 2023. He has been a part of the team for over a decade. Prior to founding Jackson Square, he was a portfolio manager of the Delaware Investments Focus Growth Equity team from November 2011 to April 2014. Prior to joining Delaware Investments, he was an equity research analyst with Fidelity from August 2010 to October 2011. Before that, he completed an internship as an analyst with Carlson Capital in summer 2009. He worked with HarbourVest Partners from 2005 to 2008 in its private equity group, where he analyzed and completed growth equity investments and leveraged buyouts for the firm. Ian began his career with Houlihan Lokey in 2004 as a financial analyst. He earned a bachelor’s degree in finance from Tulane University. Ian also earned an MBA, with a concentration in management, from The Wharton School of the University of Pennsylvania in 2010. Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.548.4539. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. Returns for periods less than one year are not annualized. Expense Ratios Gross Expense Ratio: 0.83% Net Expense Ratio: 0.83% Expense Cap Expiration Date: N/A Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Dec 16, 2021 $6.090810 — — $6.090810 Dec 17, 2020 $1.938770 — $0.153700 $1.785070 Dec 18, 2019 $1.042140 $0.022500 $0.027410 $0.992230 Dec 27, 2018 $2.660433 $0.060453 $0.503960 $2.096020 Dec 27, 2017 $0.121170 — — $0.121170 Dec 28, 2016 $0.092005 $0.023455 — $0.068550 Sep 14, 2016 $1.053000 $0.021000 — $1.032000 Dec 17, 2015 $1.109000 $0.021000 $0.120000 $0.968000 Dec 18, 2014 $4.968000 $0.078000 $1.392000 $3.498000 Dec 18, 2013 $0.012000 $0.012000 — — Dec 18, 2012 $0.221000 — — $0.221000 Dec 16, 2011 $0.011000 $0.011000 — — Dec 15, 2008 $0.056000 $0.056000 — — Dec 14, 2007 $0.757000 $0.031000 $0.436000 $0.290000 Dec 15, 2006 $0.475000 $0.013000 $0.140000 $0.322000 From: To: Risk & Return Stats As of: 11/30/2023 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -10.79 -5.38 -1.58 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 24.54 26.57 20.41 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. -0.69 -0.04 0.23 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 89.42 102.96 89.52 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 117.73 108.22 101.15 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 1.12 1.07 0.99 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 87.45 89.15 85.68 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 9.02 8.92 7.73 View All Characteristics & Stats All Characteristics & Stats Jackson Square SMID-Cap Growth Fund (DCGTX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Russell 2500™ Growth Index Fund Assets (Mil.$) $668 Number of Holdings 30 1,278 Weighted Avg. Market Cap (Mil.$) $9,555 $5,858 Median Market Cap (Mil.$) $8,201 $1,436 Weighted Avg. P/E (1-yr Forward EPS) 25.03 19.01 Weighted Avg. P/E (Trailing EPS) 27.73 21.61 PEG Ratio 1.81 1.19 Weighted Avg. P/B 3.28 4.42 EPS Growth (Trailing 3-yr %) 16.16% 20.03% EPS Growth (Trailing 5-yr %) 22.05% 19.31% Forward EPS Growth (1-yr %) 1.89% 3.06% Forward EPS Growth (Long Term %) 15.79% 14.58% Revenue Growth (Trailing 5-yr %) 12.36% 14.49% Return on Equity 6.62% 10.94% Weighted Avg. Dividend Yield 0.71% 0.67% Debt to Equity 89.22 92.27 As of: 09/30/2023 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. -10.79 -5.38 -1.58 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 24.54 26.57 20.41 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. -0.69 -0.04 0.23 Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 89.42 102.96 89.52 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 117.73 108.22 101.15 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 1.12 1.07 0.99 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 87.45 89.15 85.68 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 9.02 8.92 7.73 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. -1.26 -0.65 -0.27 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. -15.14 -0.98 4.68 Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -53.94 -53.94 -53.94 As of: 11/30/2023 Market Cap Fund Russell 2500™ Growth Index Market Cap ($mm) 0 - 1,000 1.88% 6.68% Market Cap ($mm) 1,000 - 1,500 0.00% 5.90% Market Cap ($mm) 1,500 - 2,500 6.11% 12.80% Market Cap ($mm) 2,500 - 5,000 14.12% 27.76% Market Cap ($mm) 5,000 - 10,000 43.41% 30.68% Market Cap ($mm) 10,000 - 25,000 34.48% 16.18% Market Cap ($mm) 25,000 - 50,000 0.00% 0.00% Market Cap ($mm) 50,000 - 100,000 0.00% 0.00% Market Cap ($mm) 100,000 - 200,000 0.00% 0.00% Market Cap ($mm) 200,000 - 0.00% 0.00% Market Cap – NA 0.00% 0.00% As of: 09/30/2023 Valuation Characteristics Fund Russell 2500™ Growth Index P/E 0-10 1.88% 5.87% P/E 10-15 3.32% 7.53% P/E 15-20 3.02% 7.41% P/E 20-25 18.82% 13.63% P/E 25-Above 50.86% 41.16% P/E – NA 22.10% 24.40% As of: 09/30/2023 Growth Characteristics Fund Russell 2500™ Growth Index EPS Growth (Trailing 3-yr %) - Negative 20.22% 14.32% EPS Growth (Trailing 3-yr %) 0 - 5 0.00% 2.86% EPS Growth (Trailing 3-yr %) 5 - 10 7.34% 5.47% EPS Growth (Trailing 3-yr %) 10 - 15 14.43% 4.14% EPS Growth (Trailing 3-yr %) 15 - 20 2.02% 2.63% EPS Growth (Trailing 3-yr %) Above 20 32.01% 36.64% EPS Growth (Trailing 3-yr %) - NA 23.99% 33.94% As of: 09/30/2023 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 09/30/2023 New York Times Co 7.57% Grocery Outlet Hldg Corp 4.91% Wix Com Ltd 4.79% Aspen Technology Inc 4.74% Clean Harbors Inc Com 4.52% Wyndham Hotels & Resorts Inc Com 4.52% Elastic N V 4.42% Warner Music Group Corp 3.97% Graco Inc 3.63% Molina Healthcare Inc 3.59% % in Top 10 Holdings 46.65% View Holding Details Holding Details Jackson Square SMID-Cap Growth Fund (DCGTX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 09/30/2023 New York Times Co 7.57% Grocery Outlet Hldg Corp 4.91% Wix Com Ltd 4.79% Aspen Technology Inc 4.74% Clean Harbors Inc Com 4.52% Wyndham Hotels & Resorts Inc Com 4.52% Elastic N V 4.42% Warner Music Group Corp 3.97% Graco Inc 3.63% Molina Healthcare Inc 3.59% % in Top 10 Holdings 46.65% As of: 09/30/2023 Download All Holdings (PDF) As of: 10/31/2023 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund NYT New York Times Co Communication Services S US USD 905,143 40.31 $36,486,314 5.97% GO Grocery Outlet Hldg Corp Consumer Staples S US USD 1,130,294 27.67 $31,275,235 5.12% WH Wyndham Hotels & Resorts Inc Com Consumer Discretionary S US USD 431,691 72.40 $31,254,428 5.11% WIX Wix Com Ltd Information Technology S IL USD 347,135 79.90 $27,736,087 4.54% CLH Clean Harbors Inc Com Industrials S US USD 179,648 153.67 $27,606,508 4.52% WMG Warner Music Group Corp Communication Services S US USD 839,619 31.30 $26,280,075 4.30% AZPN Aspen Technology Inc Information Technology S US USD 142,483 177.75 $25,326,353 4.14% MKTX Marketaxess Hldgs Inc Financials S US USD 117,690 213.75 $25,156,238 4.12% GGG Graco Inc Industrials S US USD 331,223 74.35 $24,626,430 4.03% ESTC Elastic N V Information Technology S NL USD 323,387 75.04 $24,266,960 3.97% MOH Molina Healthcare Inc Health Care S US USD 72,817 332.95 $24,244,420 3.97% WAB Wabtec Industrials S US USD 213,538 106.02 $22,639,299 3.70% HWM Howmet Aerospace Inc Industrials S US USD 504,586 44.10 $22,252,243 3.64% SITE Siteone Landscape Supply Inc Com Industrials S US USD 145,232 137.77 $20,008,613 3.27% STAA Staar Surgical Co Health Care S US USD 468,582 41.82 $19,596,099 3.21% LPLA Lpl Finl Hldgs Inc Financials S US USD 81,750 224.52 $18,354,510 3.00% MASI Masimo Corp Health Care S US USD 211,578 81.13 $17,165,323 2.81% TECH Bio-Techne Corp Health Care S US USD 311,296 54.63 $17,006,100 2.78% FMC Fmc Corp Materials S US USD 318,454 53.20 $16,941,753 2.77% RYAN Ryan Specialty Holdings Inc Financials S US USD 387,472 43.20 $16,738,790 2.74% HXL Hexcel Corp New Industrials S US USD 265,553 61.92 $16,443,042 2.69% OKTA Okta Inc Information Technology S US USD 226,328 67.41 $15,256,770 2.50% DLB Dolby Laboratories Inc Information Technology S US USD 168,095 80.94 $13,605,609 2.23% ENTG Entegris Inc Information Technology S US USD 141,683 88.04 $12,473,771 2.04% BILL Bill Holdings Inc Information Technology S US USD 125,096 91.29 $11,420,014 1.87% CRL Charles Riv Labs Intl Inc Health Care S US USD 66,176 168.36 $11,141,391 1.82% LC Lendingclub Corp Financials S US USD 1,987,082 5.19 $10,312,956 1.69% VFC V F Corp Consumer Discretionary S US USD 688,527 14.73 $10,142,003 1.66% PACB Pacific Biosciences Calif Inc Com Health Care S US USD 1,568,303 6.18 $9,692,113 1.59% PTON Peloton Interactive Inc Consumer Discretionary S US USD 1,464,615 4.76 $6,971,567 1.14% LSCC Lattice Semiconductor Corp Information Technology S US USD 123,745 55.61 $6,881,459 1.13% Cash & Equivalents Cash C - - $11,827,295 1.94% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Elastic NV 1 3.80% 26.70% Aspen Technology Inc 2 4.13% 21.87% Wix.com Ltd. 3 4.42% 17.33% Warner Music Group Corp. Class A 4 3.74% 20.79% Okta, Inc. Class A 5 2.45% 17.53% As of: 09/30/2023 The 5 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Masimo Corporation 20 3.07% -46.72% FMC Corp 19 3.97% -35.42% Pacific Biosciences of California, Inc. 18 2.64% -37.22% LendingClub Corp 17 2.16% -37.44% STAAR Surgical Company 16 2.78% -23.57% As of: 09/30/2023 The 5 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Sector Allocation (Equity) As of: 09/30/2023 View Allocation Details Allocation Details Jackson Square SMID-Cap Growth Fund (DCGTX) Sector Allocation (Equity) Investment Allocation Top 10 Industries Sector Sort Order Fund Russell 2500™ Growth Index Information Technology 22.37% 21.39% Industrials 21.25% 19.33% Health Care 16.32% 20.37% Communication Services 11.53% 2.08% Financials 9.82% 8.71% Consumer Discretionary 7.46% 12.92% Consumer Staples 4.91% 3.89% Materials 3.21% 3.62% Cash & Other 3.12% 0.00% Energy 0.00% 5.15% Real Estate 0.00% 1.43% Utilities 0.00% 1.12% As of: 09/30/2023 Investment Allocation 09/30/2023 Stocks 96.88% Bonds 0.00% Cash and Other 3.12% As of: 09/30/2023 Industry Fund Russell 2500™ Growth Index Software 13.21% 12.04% IT Services 7.57% 0.89% Media 7.57% 0.25% Life Sciences Tools & Services 7.11% 1.96% Machinery 7.04% 4.33% Aerospace & Defense 6.11% 1.18% Health Care Equipment & Supplies 5.62% 4.29% Capital Markets 5.18% 2.99% Consumer Staples Distribution & Retail 4.91% 0.89% Commercial Services & Supplies 4.52% 0.93% % in Top 10 Industries 68.84% 29.75% As of: 09/30/2023 Read Important Investment Disclosures Investment Approach Investment Approach Jackson Square SMID-Cap Growth Fund Jackon Square Partners (JSP) is a growth investor but is not bound by consensus definitions of growth. JSP believes that attractive returns can be realized by maintaining a concentrated portfolio of companies that have superior business models, strong cash flows and the opportunity to generate consistent, long-term growth of intrinsic business value. The SMID-Cap Growth product invests, at the time of purchase, in companies with an equity capitalization of less than $7.5B. Positions generally graduate from the portfolio around $15 billion. Jackson Square SMID-Cap Growth Fund Introduction Ian Ferry of Jackson Square Partners provides an overview of the firm's investment philosophy and the Jackson Square SMID-Cap Growth strategy. View Webcast AI Disruption – A Time of Risk and Opportunity Read Blog About About Jackson Square Partners Background Founded in 2014, Jackson Square is an independent, majority employee-owned investment manager specializing in long-only, growth-oriented equity investing. Their approach has been honed by a team who has worked together for more than two decades, resulting in a unifying investment philosophy of concentrated, long-term investing focused on intrinsic business value growth. Learn More More Products From Jackson Square Partners JSPIX Jackson Square Large-Cap Growth Fund The fund seeks long-term capital appreciation. View Fund Details Read Important Investment Disclosures Founded 2014 Headquarters San Francisco Affiliate Since 2020 Discover how the boutique advantage helps generate alpha. Learn More About AMG