SGI Small Cap Core Fund

December 31, 2023
MANAGERS
PERFORMANCE
PORTFOLIO

Current Materials

Overview

OBJECTIVE The SGI Small Cap Core mutual fund seeks long-term capital appreciation.

TICKER
CLASS
INCEPTION
BOGIX
I
10/1/1999
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 similar standard deviation to 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 December 31, 2023
*Inception Date: 10/1/1999 Performance prior to March 15, 2021 is attributable to the former investment advisor and available on the Fact Sheet.
BOGIX (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
202320222021202020192018201720162015201420132012201120102009200820072006200520042003200220012000
BOGIX21.14%-13.23%19.70%21.56%24.05%-16.00%17.07%19.77%-7.69%2.38%46.87%26.17%-4.92%29.25%45.88%-48.19%-5.49%15.48%17.38%10.86%58.80%-17.58%5.22%26.81%
Russell 200016.88%-20.46%14.78%19.93%25.49%-11.03%14.63%21.28%-4.41%4.90%38.82%16.39%-4.18%26.81%27.09%-33.81%-1.58%18.33%4.51%18.28%47.27%-20.49%2.49%-3.08%
20232022202120202019201820172016
BOGIX21.14%-13.23%19.70%21.56%24.05%-16.00%17.07%19.77%
Russell 200016.88%-20.46%14.78%19.93%25.49%-11.03%14.63%21.28%
20152014201320122011201020092008
BOGIX-7.69%2.38%46.87%26.17%-4.92%29.25%45.88%-48.19%
Russell 2000-4.41%4.90%38.82%16.39%-4.18%26.81%27.09%-33.81%
20072006200520042003200220012000
BOGIX-5.49%15.48%17.38%10.86%58.80%-17.58%5.22%26.81%
Russell 2000-1.58%18.33%4.51%18.28%47.27%-20.49%2.49%-3.08%
The fund changed it's investment adviser to Summit Global Investments on March 15, 2021. The performance set forth above prior to March 15, 2021 is attributable to the former investment adviser.

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: BOGIX 1.33%/1.23%. 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.  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 Russell 2000 Index®
  • 180-220 small 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
CharacteristicsBOGIXRussell 2000
Fund Assets ($ Million)139.35-
Number of Holdings2021965
Beta*0.941.00
Standard Deviation* (%)20.4321.11
Market Cap. ($ Billion)2.312.93
Price to Trailing Earnings11.8918.88
Price to Cash Flow7.4611.46
Price to Book1.832.41
Enterprise Value to Sales1.312.62
Debt as % of Assets23.0924.67
Return on Equity (%)15.479.06
Top 10 HoldingsTickerWeight
US DOLLARUSD2.06%
BOISE CASCADE COBCC1.23%
BEAZER HOMES USA INCBZH1.17%
CAVCO INDUSTRIES INCCVCO1.16%
EAGLE MATERIALS INCEXP1.14%
GMS INCGMS1.14%
M/I HOMES INCMHO1.12%
RUSH ENTERPRISES INC-CL ARUSHA1.12%
ENOVA INTERNATIONAL INCENVA1.12%
COMMVAULT SYSTEMS INCCVLT1.11%
* 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 (October 01, 1999) BOGIX Russell 2000
Annualized Standard Deviation 21.39% 20.21%
Return/Risk 0.50 0.37
Tracking Error 6.58% -
R-Squared 90.54% -
Alpha 2.67% -
Beta 0.99 -
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.

SGI Small Cap Core 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. Small-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies. 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.

For definitions of terms, please see our Glossary.