JAG Capital Funds
Designed for investors seeking long-term capital appreciation.
The fund invests primarily in common stocks of US companies with large market capitalizations that JAG believes possess strong earnings and revenue growth potential. The portfolio typically consists of 30-40 securities, and the portfolio performance benchmark is the Russell 1000 Growth Index.
Strategy Overview
Best ideas portfolio with large cap growth style consistency
Research-driven, contrarian insights lead to a differentiated perspective of risk and reward potential
High active share portfolio vs. Russell 1000 Growth Index
A disciplined and repeatable process
Experienced, entrepreneurial PM team
Highly-competitive track record
Strategy offered in SMA, UMA, and Mutual Fund vehicles
Symbols
Share Details
| Class | Ticker | Cusip |
|---|---|---|
| A | JLGAX | 62827L377 |
| I | JLGIX | 62827L351 |
| R | JGRRX | 62827P253 |
Expense Ratio
| Class | Gross | Net |
|---|---|---|
| A | 1.72% | 1.51% |
| I | 1.47% | 1.26% |
| R | 1.12% | 0.91% |
JAG Capital Management has contractually agreed to reduce its fees and/or absorb expenses of the Fund in order to limit the total annual operating expenses. Total returns would be lower had such fees and expenses not been waived and/or reimbursed. This agreement will terminate on 1/31/2026, unless the Board of Trustees approves an earlier termination. Please review the fund’s prospectus for more information regarding the fund’s fees and expenses.
Returns
Total Returns for periods ending September 30, 2025
| SHARE CLASS | Q3 2025 | YTD 2025 | 1 Year | 3 Years | 5 Years | 10 Years |
|---|---|---|---|---|---|---|
| Class A (without sales charge) | 3.86% | 9.98% | 17.59% | 29.35% | 13.53% | 15.34% |
| Class I (without sales charge) | 3.91% | 10.17% | 17.89% | 29.64% | 13.80% | 15.62% |
| Class R (without sales charge) | 4.03% | 10.44% | 18.26% | 30.10% | 14.20% | 16.14%* |
| Class A (with sales charge) | -2.11% | 3.66% | 10.81% | 26.83% | 12.19% | 14.66% |
| Russell 1000 Growth | 10.50% | 17.33% | 25.63% | 31.65% | 17.59% | 18.84% |
| S&P 500 Total Return | 8.12% | 14.83% | 17.60% | 24.94% | 16.47% | 15.30% |
Performance Data represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment may fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted above. For performance information current to the most recent month-end, please call 855.552.4596. The Fund’s maximum sales charge for Class “A” shares is 5.75%. *Class “R” inception was 2/3/20 so this return is Inception instead of 10 Years.
Top 10 Holdings
Data as of September 30, 2025
| Security | % of Portfolio |
|---|---|
| Meta Platforms Inc Class A | 8.5% |
| Microsoft Corp. | 7.9% |
| Alphabet Inc Cl A | 5.4% |
| NVIDIA Corp | 5.0% |
| Uber Technologies Inc. | 4.8% |
| Take-Two Interactive Software | 4.7% |
| Apple Inc. | 4.6% |
| Broadcom Inc. | 4.4% |
| Tesla Motors Inc. | 4.1% |
| Amazon.com Inc. | 4.1% |
Portfolio holdings are subject to change.
Characteristics
Fund Characteristics as of September 30, 2025
| JAG Large Cap Fund | Russell 1000 Growth | |
|---|---|---|
| Securities | 32 | 391 |
| P/E Ratio (FY1, wgt harm avg) | 33.9 | 34.5 |
| Earnings Growth % (3-5Y fwd, med) | 14.0% | 11.9% |
| Forward EPS Revisions (%) (median) | 3.2% | 0.9% |
| Market Cap (billion $, avg wgt) | 1,394.0 | 2018.3 |
| Sharpe Ratio (3-yr) | 1.3 * | 1.6 |
| Active Share | 47.7 | 0 |
See disclosure for further explanation and benefits.
*Source: Morningstar
Minimum Investment
Class A Shares
$2,500
Class I Shares
$250,000
Class R Shares
$250
Maximum Sales Charge
For Class A Shares
5.75%
For Class I Shares
None
Maximum Deferred Sales Charge
None except Class A share purchases
>
$1 million at NAV (see page 41 in Statement of Additional Information)
Distribution Frequency
Dividends and taxable capital gains are automatically reinvested in the fund unless you request cash distributions on your application or through a written request to the fund.
Inception Date
Class A and Class I: December 22, 2011
Class R: February 3, 2020
See Fact Sheet for additional definitions and disclosures.
Investors should consider the Fund’s investment objectives, risks, charges, and expenses carefully before investing or sending money. This and other important information about the JAG Large Cap Growth Fund can be found in the Fund’s prospectus. To receive a copy of the Fund’s current prospectus, or to obtain the most recent month-end performance information please call your financial advisor or the Fund, toll free at 855.552.4596 (855.5JAGLYN). It can also be downloaded from our website: www.jagcapitalfunds.com. Please read the Prospectus carefully before investing. Shares of the JAG Large Cap Growth Fund are distributed by Northern Lights Distributors, LLC member FINRA, which is not affiliated with JAG Capital Management, LLC.
IMORTANT RISK DISCLOSURE: Investing in the Fund involves risk including the possible loss of principal. Equity securities are more volatile and carry more risk than other forms of investments. The portfolio manager’s judgments about the attractiveness, value, and potential appreciation of particular stocks, options, or other securities in which the Fund invests or sells short may provide to be incorrect and there is no guarantee that the portfolio manager’s judgment will produce the desired results. Overall stock market risks may also affect the value of the Fund. Factors such as domestic economic growth and market conditions, interest rate levels, and political events affect individual securities and the securities markets generally. Because a relatively high percentage of a non-diversified Fund’s assets may be invested in the securities of a limited number of companies that could be in the same or related economic sectors, the Fund’s portfolio may be more susceptible to any single economic, technological or regulatory occurrence than the portfolio of a diversified fund.
Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Russell 1000 Growth Index: Measures the performance of the large-cap growth segment of the US equity universe. Includes those Russell 1000 index companies with higher price-to-book ratios and higher forecasted growth values. The index is not available for purchase. S&P 500 Total Return Index: Measures the performance of 500 companies generally representative of the market for the stocks of companies in leading industries of the US economy.
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