SGI U.S. Large Cap Equity Fund

June 30, 2024
MANAGERS
PERFORMANCE
PORTFOLIO

Current Materials

Overview

OBJECTIVE Seeks capital appreciation.

TICKER
CLASS
INCEPTION
SILVX
I
02/29/2012
LVOLX
A
10/29/2015
SGICX
C
12/31/2015
STRATEGY
  • Utilizes a quantitative multi factor approach to identify companies that we believe have the potential to outperform.
  • Focused fundamental research that eliminates companies with heightened idiosyncratic risk.
  • Dynamic company specific constraint process that seeks to restrict stocks with weak prospects.
  • Unique risk management approach that results in a diversified portfolio with lower standard deviation than the benchmark over full market cycles.

Portfolio Managers

Aash M. Shah, CFA

Head of Investments & Sr. Portfolio Manager

David Harden, Founder

President | Portfolio Manager | Chief Executive Officer | Chief Investment Officer

Performance

Total Returns As Of June 30, 2024
*Inception Date: 2/29/2012
SILVX (Class I) Excess Returns Vs. Benchmark Results (Monthly)
Past performance does not guarantee future results. Performance for rolling periods other than monthly are different and are available upon request. The monthly rolling periods are calculated based on the strategy return minus the benchmark return. Outperformance is not indicative of positive absolute performance. Rolling periods calculated monthly since inception.
Calendar Year Returns
20232022202120202019201820172016201520142013
SILVX10.46%-12.00%17.45%11.47%27.01%0.19%16.41%8.84%3.57%14.94%27.71%
S&P 500 LV0.68%-4.61%24.36%-1.12%28.24%0.26%17.41%10.37%4.34%17.49%23.59%
2023202220212020
SILVX10.46%-12.00%17.45%11.47%
S&P 500 LV0.68%-4.61%24.36%-1.12%
2019201820172016
SILVX27.01%0.19%16.41%8.84%
S&P 500 LV28.24%0.26%17.41%10.37%
201520142013
SILVX3.57%14.94%27.71%
S&P 500 LV4.34%17.49%23.59%

Performance data quoted represents past performance. Past performance does not guarantee future results. Investment return and principal value will fluctuate so that shares, when redeemed, may be worth more or less than the performance shown. Current performance may be lower or higher than that shown here. Total annual operating expense ratios, as stated in the current prospectus, are gross/net respectively: SILVX 0.96%/0.92%, LVOX 1.21%/1.17%, SGICX 1.96%/1.92%. The actual expense ratio is lower due to an expense limitation agreement by the Fund’s investment adviser. Performance would have been lower without fee waivers in effect. LVOLX returns reflect a deduction of the maximum front-end sales charge of 5.25% performance. Performance is total return and is annualized for periods greater than one year. For performance current to the most recent month-end, please call 855-744-8500. This contractual limitation may not be terminated before December 31, 2023 without the approval of the Board of Directors of The RBB Fund, Inc.

Characteristics

Portfolio Guidelines
  • Benchmarked against the S&P 500 Low Volatility®
  • 80-120 large capitalization holdings
  • Sector weight +/- 15% of the benchmark
  • Turnover historically 40-80%
  • Lower standard deviation than the benchmark over full market cycles
  • Fully invested
  • Strong ESG (Environmental, Social, and Governance) considerations
Sector Weights
CharacteristicsSILVXS&P 500 LV
Fund Assets ($ Million)212.11-
Number of Holdings92101
Beta*0.800.65
Standard Deviation* (%)15.1813.64
Market Cap. ($ Billion)74.7459.03
Price to Trailing Earnings22.4522.59
Price to Cash Flow17.6417.47
Price to Book6.004.79
Enterprise Value to Sales3.364.77
Debt as % of Assets15.4136.49
Return on Equity (%)25.9517.93
Top 10 HoldingsTickerWeight
UNITED THERAPEUTICS CORPUTHR3.86%
ALPHABET INC-CL AGOOGL3.68%
EVEREST GROUP LTDEG3.49%
PROGRESSIVE CORPPGR3.36%
ELEVANCE HEALTH INCELV3.30%
COLGATE-PALMOLIVE COCL3.20%
OWENS CORNINGOC3.19%
AUTOMATIC DATA PROCESSINGADP3.11%
META PLATFORMS INC-CLASS AMETA2.64%
CARDINAL HEALTH INCCAH2.60%
* Beta & Standard Deviation 36 months
Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Risk Statistics Since Inception (February 01, 2011) SILVX S&P 500 LV
Annualized Standard Deviation 12.38% 11.53%
Return/Risk 0.88 0.94
Tracking Error 5.44% 8.46%
R-Squared 85.95% 65.55%
Alpha -0.19% 2.07%
Beta 0.80 0.65
IMPORTANT INFORMATION

Diversification does not ensure a profit, nor does it protect against a loss in a declining market.

The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The Prospectus contains this and other important information about the investment companies. A hard copy may be obtained by calling (800) 531-5142. Read the Prospectus carefully before investing.

The Funds are distributed by Quasar Distributors, LLC.

The Funds are offered only to United States residents, and information on this web site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of any Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Effective May 1, 2019, the Summit Global Investments U.S. Low Volatility Equity Fund was renamed the SGI U.S. Large Cap Equity Fund.

SGI U.S. Large Cap Equity Fund - Equity securities (stocks) are subject to market, economic, and business risks that will cause their price to rise or fall over time. The net asset value per share of the Fund will fluctuate as the value of the securities in the portfolio change and an investor may lose money. Although the Fund seeks lower volatility, there is no guarantee the Fund will perform as expected. Investing in other investment companies, including ETFs, may result in duplication of expenses, including advisory fees, in addition to the Fund’s own expenses and will be subject to the risks of the underlying investments. The stocks of mid-sized companies may be subject to more abrupt or erratic market movements than stocks of larger companies.

For definitions of terms, please see our Glossary.