SGI U.S. Large Cap Equity Fund
Objective

The SGI U.S. Large Cap Equity mutual fund seeks to outperform the S&P 500 Index over a market cycle, while reducing overall volatility.

Investment Strategy
Team
David Harden
Chief Executive Officer / Chief Investment Officer

Dave is the founder and is ultimately responsible for all aspects of SGI. This includes overseeing investments, sales, operations, and compliance.

In Dave’s spare time he still manages SGI.

Aash M. Shah, CFA
Senior Portfolio Manager

Aash oversees the execution of both the quantitative and fundamental portions of the investment strategies.

Disclaimers

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.

Portfolio Guidelines
Characteristics As Of March 31, 2023
Sector Weights
CharacteristicsSILVXS&P 500
Fund Assets ($ Million)401.15-
Number of Holdings115505
Beta*0.791.00
Standard Deviation* (%)16.1418.58
Market Cap. ($ Billion)48.30165.41
Price to Trailing Earnings20.8524.89
Price to Cash Flow14.5420.17
Price to Book4.615.65
Enterprise Value to Sales3.924.52
Debt as % of Assets26.8629.21
Return on Equity (%)23.1823.79
* Beta & Standard Deviation 36 months
Top 10 HoldingsTickerWeight
MICROSOFT CORPMSFT2.94%
HERSHEY CO/THEHSY2.81%
APPLE INCAAPL2.71%
VERTEX PHARMACEUTICALS INCVRTX2.62%
GILEAD SCIENCES INCGILD2.60%
LAMB WESTON HOLDINGS INCLW2.50%
MERCK & CO. INC.MRK2.49%
PROGRESSIVE CORPPGR2.41%
BRISTOL-MYERS SQUIBB COBMY2.33%
CISCO SYSTEMS INCCSCO2.29%
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) Risk Statistics SILVX S&P 500
Annualized Standard Deviation 12.54% 14.38%
Return/Risk 0.82 0.88
Tracking Error 5.39% -
R-Squared 86.27% -
Alpha 0.06% -
Beta 0.81 -

Compliance Statement

Performance numbers for the most recent period are preliminary and subject to change. Returns for periods of less than one year are not annualized. Past performance is not a reliable indicator of future performance and should not be relied upon to make investment decisions. Investing involves risks including the possible loss of principal and fluctuation in value. Performance includes the reinvestment of dividends and other earnings.

Disclaimers

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.

Total Returns As Of March 31, 2023

Past performance does not guarantee future results.
*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
2022202120202019201820172016201520142013
SILVX-12.00%17.45%11.47%27.01%0.19%16.41%8.84%3.57%14.94%27.71%
S&P 500-18.13%28.68%18.39%31.47%-4.39%21.82%11.95%1.37%13.67%32.37%

The 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. Performance current to the most recent month-end may be obtained by calling (855) 744-8500. The gross expense ratio for Class I shares is 0.93%.

Past performance does not guarantee future results.

Disclaimers

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.

Fact Sheets
U.S. Large Cap Equity Fund 2023 Q1
Mutual Fund Direct Account Applications
SGI Funds IRA Application SGI Funds New Account Application SGI Funds Coverdell Account Application SGI Funds IRA Transfer/Rollover Form SGI Funds IRA/Qualified Plan Distribution Form SGI Funds IRA Beneficiary Change Form SGI Funds Transfer on Death Form SGI Funds Entity Application Form SGI Funds Account Options Form
Prospectus
Large Cap/Small Cap/Global/Small Cap Core Funds (SAI) - Large Cap/Small Cap/Global/Small Cap Core Funds Sticker to SAI-Large Cap/Small Cap/Global Fund July 7th, 2021 Sticker to Small Cap Growth Prospectus July 7th, 2021 Peak/Prudent Growth (Fund of Funds) (SAI) - Peak Growth/Prudent Growth Sticker to Peak/Prudent Growth/Conservative (Fund of Funds) July 7th, 2021 Sticker to Peak/Prudent Growth/Conservative (Fund of Funds) December 16th, 2021 Large Cap Equity VI Portfolio (SAI) - Large Cap Equity Portfolio VI SGI Funds IRA/Coverdell Account Disclosure
Other Fund Documents
Summit 2.28.23 Semi-Annual Report Summit 8.31.22 Annual Report SGI Large Cap N-Port Part F 11.30.22 SGI Small Cap N-Port Part F 11.30.22 SGI Global N-Port Part F 11.30.22 SGI Small Cap Core N-Port Part F 11.30.22 SGI Peak Growth N-Port Part F 11.30.22 SGI Prudent Growth N-Port Part F 11.30.22 SGI Large Cap N-Port Part F 5.31.22 SGI Small Cap N-Port Part F 5.31.22 SGI Global N-Port Part F 5.31.22 SGI Small Cap Core N-Port Part F 5.31.22 SGI Peak Growth N-Port Part F 5.31.22 SGI Prudent Growth N-Port Part F 5.31.22
Disclaimers

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.

Legal Disclosures Contact © 2023 Summit Global Investments LLC