Overview

Investment Objective

James Aggressive Allocation Fund seeks to provide total return through a combination of growth and income. Preservation of capital in declining markets is a secondary objective.

Quick Stats08/31/2020

0.58%
Avg. Annual Return
-6.33%
YTD Return
$9.43
Daily Price
09/24/2020
$22 M
Net Assets
Previous Month08/31/20
High: $9.92
Low: $9.55

Investment Strategy

The James Aggressive Allocation Fund is a portfolio comprised of both equity and debt securities that seeks return primarily through growth and income and secondarily through preservation of capital. Under normal circumstances, the Fund invests primarily in equity securities of foreign and domestic companies that the Adviser believes are undervalued, and in high quality fixed income securities. The Fund will normally hold both equity securities and fixed income securities, with typically at least 60% of its assets in equity securities and at least 15% of its assets in fixed income securities. On occasion, the Fund could hold as little as 50% in equity securities or as high as 100%.

Equity securities that the Fund will principally invest in are common stocks, preferred stocks and exchange traded funds ("ETFs") that invest primarily in equity securities. Some or all of the equity portion of the Fund may be invested in small and micro capitalization companies. Fixed income securities that the Fund will principally invest in are U.S. government securities, corporate bonds, municipal bonds and/or sovereign bonds of any maturity, as well as ETFs that invest primarily in such securities. Any non-U.S. government securities in the Fund's portfolio will consist primarily of issues rated "Baa2" or better by Moody's Investors Service, Inc. ("Moody's") or "BBB" or better by Standard & Poor's Ratings Group ("S&P") and unrated securities determined by the Adviser to be of equivalent quality, as well as high quality money market instruments.

Daily Prices (NAV)09/24/2020

Prices are usually updated each business day by 7 pm EST.

Ticker Expense Ratio Price / Share $ Change % Change 52 Week High 52 Week Low
JAVAX 1.03% 9.43 0.02 0.21 10.71 7.77
Date Fund Price $ Change %

Fund Performance

    Daily Price & YTD ReturnData as of 09/24/2020 Total % ReturnData as of 08/31/2020 Average AnnualTotal % Return as of 08/31/2020  
Fund Name Ticker Price / Share $ Change YTD YTD 1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr S.I.
Aggressive Allocation
Inception Date: 07/01/2015
Total Expense Ratio: (1.03%)
JAVAX 9.43 0.02 -10.87 -6.33 4.54 7.72 0.00 0.25 2.07 - 0.58
65% Russell 3000 Index 35% Barclays U.S. Govt. 9.58 4.30 10.84 17.01 11.42 10.93 - 9.91
Russell 3000 Index 9.40 7.24 15.93 21.44 13.95 13.86 - 12.25
    Daily Price & YTD ReturnData as of 09/24/2020 Total % ReturnData as of 06/30/2020 Average AnnualTotal % Return as of 06/30/2020  
Fund Name Ticker Price / Share $ Change YTD YTD 1 Mo 3 Mo 1 Yr 3 Yr 5 Yr 10 Yr S.I.
Aggressive Allocation
Inception Date: 07/01/2015
Total Expense Ratio: (1.03%)
JAVAX 9.43 0.02 -10.87 -12.76 0.33 9.62 -8.60 -1.77 - - -0.82
65% Russell 3000 Index 35% Barclays U.S. Govt. 0.63 1.79 15.44 8.35 8.96 - - 8.40
Russell 3000 Index -3.48 2.29 22.03 6.53 10.04 - - 9.89

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The average annual total returns assume reinvestment of income, dividends and capital gains distributions and reflect changes in net asset value. You should note that the James Advantage Funds are professionally managed mutual funds while the indices are unmanaged, do not incur expenses and are not available for investment.

Fund Returns

Ticker

JAVAX

08/31/20 4.54%
07/31/20 2.71%
06/30/20 0.33%
05/31/20 2.00%
04/30/20 7.13%

Calendar Year Total Returns

Holdings and Details

Top Five Sector Allocations08/31/2020

INFORMATION TECHNOLOGY 16.99%
HEALTH CARE 9.61%
CONSUMER DISCRETIONARY 8.76%
COMMUNICATION SERVICES 6.45%
INDUSTRIALS 5.34%

Total as % of Fund 47.17%

Top Five Industry Allocations08/31/2020

TECHNOLOGY HARDWARE, STORAGE & PERIPHERALS 4.27%
INTERACTIVE MEDIA & SERVICES 3.54%
SEMICONDUCTOR EQUIPMENT 3.18%
GOLD 2.73%
PHARMACEUTICALS 2.60%

Total as % of Fund 16.32%

Top Ten Equity Holdings (% of Fund)08/31/2020

Apple Inc 3.03%
Microsoft Corp 2.58%
Best Buy Co Inc 2.01%
Alibaba Group Holding Ltd 1.92%
Home Depot Inc/The 1.87%
Walmart Inc 1.85%
Amgen Inc 1.80%
ARK Genomic Revolution ETF 1.68%
Adobe Inc 1.67%
Medtronic PLC 1.52%

Total as % of Fund 19.94%

Region Exposure Top Three08/31/2020

United States of America 86.29%
International 4.74%
Cayman Islands 1.92%

Total as % of Fund 92.96%

Subject to change

Fund Characteristics08/31/2020

TickerJAVAX
Inception Date07/01/2015
Cusip470259789
Total Net Assets as of 09/24/2020 ($mil)$22.10
Price/Earnings Ratio (12m trailing) 28.37
Price/Book Ratio 9.13
Dividend Yield 1.35
Weighted Average Market Capitalization ($ mil) 341,421.5
Median Market Capitalization ($ mil)73,745.6
Total Number of Equity Issues58
Total Number of Debt Issues16
Portfolio Turnover Rate (annualized as of Fiscal Year-End 11/01/19)69.00%

Asset Allocation08/31/2020

Equity: 64.17%
Fixed: 34.42%
Cash: 1.4%
Other: 0%

Market Capitalization Equity Holdings08/31/2020

(Less than $250 mil ): 0%
($250 - $1,000 mil): 0%
($1,000 - $4,000 mil): 1.78%
($4,000 - $7,000 mil): 4%
(Greater than $7,000 mil): 94.22%

Fund Operating Expenses11/01/2019

Management Fee0.97%
Distribution (12b-1) Fee0.00%
Other Expenses0.01%
Acquired Fund Fees and Expenses(AFFE)0.05%
Total Annual Fund Operating Expenses1.03%

Risk Measures (3yr Trailing)08/31/2020

EX-Date Payable Date Reinvestment Price Dividend Type Dividend Amount
12/27/2019 12/30/2019 $10.60 Income $0.1070
12/28/2018 12/31/2018 $9.30 Income $0.0886
12/28/2017 12/29/2017 $10.95 Income $0.0779
12/05/2017 12/06/2017 $10.80 Long Term Cap Gain $0.0000
12/29/2016 12/30/2016 $9.91 Income $0.0886
12/30/2015 12/31/2015 $9.18 Income $0.0313

NAV History

Previous Year Ending 12/31/19
High $10.71 12/26/2019
Low $9.23 01/03/2019
Previous Month Ending 08/31/20
High $9.92 08/28/2020
Low $9.55 08/03/2020

Daily NAV & Distributions

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Economic Outlook

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Forms & Reports

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Important Disclosure

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund's prospectus by calling 1-800-995-2637 or click here to view or download a prospectus online.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The average annual total returns assume reinvestment of income, dividends and capital gains distributions and reflect changes in net asset value. You should note that the James Advantage Funds are professionally managed mutual funds while the indices are unmanaged, do not incur expenses and are not available for investment.

The performance data quoted represents past performance. Past performance is no guarantee of future results. Current performance may be lower or higher than performance data quoted. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. The average annual total returns assume reinvestment of income, dividends, and capital gains distributions and reflect changes in net asset value. You should note that the James Advantage Funds are professionally managed mutual funds while the indices are unmanaged, do not incur expenses, and are not available for investment.

Mid, Small and Micro Cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat. Fund holdings and sector weightings are subject to change without notice. Past performance is no guarantee of future results.