SGI U.S. Small Cap Equity Fund
Objective

The SGI U.S. Small Cap Equity mutual fund seeks to outperform the Russell 2000 Index over a market cycle, while reducing overall volatility.

Investment Strategy
Team
Dave 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 Shah, CFA
Senior Portfolio Manager

Aash spends his time on both the quantitative and fundamental portions of the equity strategies. He has primary oversight of fundamental research.

He enjoys riding his motorcycle through the mountains.

Matt Hanna, CFA, FRM, CAIA
Portfolio Manager / Managing Director of ESG Investing

Matt is primarily focused on the quantitative, risk management, and portfolio construction aspects of the process. In addition he leads the SGI ESG efforts.

His signed Tim Tebow jersey is one of his most prized possessions.

Richard Thawley II
Portfolio Manager

Richard leads the trading part of the process. This includes equity buys and sells as well as cash flow management.

He is recently happily married and is an avid movie lover.

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. Small Cap Low Volatility Equity Fund was renamed the SGI U.S. Small Cap Equity Fund.

SGI U.S. Small 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. 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.

Portfolio Guidelines
Characteristics As Of December 31, 2019
Sector Weights
CharacteristicsSCLVXRussell 2000
Fund Assets ($ Million)47.47-
Number of Holdings1041996
Beta*0.841.00
Standard Deviation* (%)13.7615.71
Market Cap. ($ Billion)0.972.31
Price to Trailing Earnings19.6621.58
Price to Cash Flow12.4713.65
Price to Book1.792.57
Enterprise Value to Sales2.762.93
Debt as % of Assets29.8427.93
Return on Equity (%)9.128.79
* Beta & Standard Deviation 36 months
Top 10 HoldingsTickerWeight
ARCHROCK INCAROC1.19%
INGLES MARKETS INC-CLASS AIMKTA1.15%
ITURAN LOCATION AND CONTROLITRN1.14%
STEELCASE INC-CL ASCS1.11%
BIOSPECIFICS TECHNOLOGIESBSTC1.08%
PC CONNECTION INCCNXN1.06%
MEDPACE HOLDINGS INCMEDP1.06%
ALLETE INCALE1.06%
SOUTHWEST GAS HOLDINGS INCSWX1.05%
PNM RESOURCES INCPNM1.05%
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 (April 01, 2016) Risk StatisticsSCLVXRussell 2000
Annualized Standard Deviation13.26%15.57%
Return/Risk0.780.83
Tracking Error5.55%-
R-Squared88.05%-
Alpha0.02%-
Beta0.80-
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. Small Cap Low Volatility Equity Fund was renamed the SGI U.S. Small Cap Equity Fund.

SGI U.S. Small 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. 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.

Total Returns As Of December 31, 2019
Inception Date: April 01, 2016
SCLVX (Class I) Excess Returns Vs. Benchmark Results (Monthly)
Calendar Year Returns
201920182017
SCLVX (Class I)20.66%-9.86%8.71%
Russell 200025.49%-11.03%14.63%

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 1.92%.

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. Small Cap Low Volatility Equity Fund was renamed the SGI U.S. Small Cap Equity Fund.

SGI U.S. Small 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. 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.

Fact Sheets
US Small Cap Low Volatility Q4 2019 - SCLVX
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 Funds (SAI) - Large Cap/Small Cap/Global Fund SGI Funds IRA/Coverdell Account Disclosure SGI Global Tax Insert 2019 Combined Sticker to Prospectus May 2019
Other Fund Documents
Summit 2.28.19 Semi-Annual Report Summit 8.31.19 Annual Report
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. Small Cap Low Volatility Equity Fund was renamed the SGI U.S. Small Cap Equity Fund.

SGI U.S. Small 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. 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.

Legal Disclosures Contact © 2020 Summit Global Investments LLC