Jackson Square SMID-Cap Growth Fund
JSMTX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 615 E. Michigan St. Milwaukee WI United States of America 53202
- IPO Date
- May 4, 2016
- CIK
- 0001511699
- Similar Companies
- Business
- Jackson Square SMID-Cap Growth Fund (JSMTX) is an open-end mutual fund that seeks long-term capital appreciation by investing primarily in common stocks of small- and mid-capitalization growth-oriented companies believed to possess strong potential for growth in intrinsic business value, including high returns on invested capital and free cash flow generation; the fund maintains a concentrated, benchmark-agnostic portfolio typically comprising 25-50 holdings across sectors such as industrials, healthcare, technology, financial services, and communication services, with top holdings including Vertiv Holdings Co, Clean Harbors Inc, Stevanato Group SpA, Entegris Inc, and Wyndham Hotels & Resorts Inc; share classes include Institutional (JSMTX, net expense ratio 0.97%), Investor (JSMVX, 1.22%), and IS (DCGTX, 0.87%), with minimum initial investments of $100,000, $2,500, and $1,000,000, respectively. Managed by Jackson Square Partners, LLC, an independent investment manager founded in 2014 and headquartered at One Letterman Drive, Building A, Suite A3-200, San Francisco, CA, the fund traces its strategy roots to a team with over 40 years of history originating at Transamerica in the 1980s and evolving through Delaware Investments; Jackson Square Partners, affiliated with Affiliated Managers Group since 2020, oversees approximately $995 million in assets across growth equity strategies including global growth, large-cap growth, small-cap growth, and SMID-cap growth vehicles such as separate accounts, U.S. mutual funds under Managed Portfolio Series, collective investment trusts, and SMAs. In a significant recent development, the fund underwent a reorganization in 2025, merging into Spyglass Growth Fund Institutional Shares effective around November 2025, with Spyglass Capital continuing as investment adviser; this followed prior 2016 reorganizations where the fund succeeded the Focus SMID-Cap Growth Equity Portfolio of Delaware Pooled Trust; the firm has implemented cost reductions, including team size contraction to four investment professionals by March 2025 and outsourcing of middle- and back-office functions in 2024 amid asset outflows totaling $142 million over the past year, while maintaining a focus on U.S.-centric operations (95.51% U.S. stocks) with minor non-U.S. exposure.