SGI U.S. Small Cap Equity Fund

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
Portfolio Guidelines
YTD 1 mo. 3 mo. 1 yr. 3 yr. From Inception
YTD 1 mo. 3 mo. 1 yr. 3 yr. From Inception
SCLVX (Class I) 13.17% 5.32% 2.01% -3.74% 8.77% 9.80%
LVSMX (Class A) 12.98% 5.23% 1.92% -4.07% 8.48% 9.56%
Net of max sales load 7.05% -0.29% -3.43% -9.10% 6.55% 7.76%
SMLVX (Class C) 12.60% 5.24% 1.78% -4.73% 7.67% 8.74%
Russell 2000 Index 16.97% 7.07% 2.09% -3.34% 12.28% 12.57%
As of 6/30/2019. Inception Dates: SCLVX 3/31/2016, LVSMX 3/31/2016, SMLVX 3/31/2016

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. The total annual operating expense ratio, as stated in the current prospectus, is 1.81% for SCLVX, 2.07% for LVSMX and 2.82% for SMLVX. 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. Quarter-end LVSMX returns reflect a deduction of the maximum front-end sales charge of 5.25%. 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. Funds sold by prospectus only.

The Russell 2000® Index consists of the smallest 2,000 companies in a group of 3,000 U.S. companies in the Russell 3000® Index, as ranked by market capitalization. One cannot invest directly in an index.

Fee Table
Gross Expense Ratio Net Expense Ratio Initial Investment Amount Maximum Sales Load (%) 12b-1 Fees (%) Mgmt. Fee (%)
Gross Expense Ratio Net Expense Ratio Initial Investment Amount Maximum Sales Load (%) 12b-1 Fees (%) Mgmt. Fee (%)
SCLVX (Class I) 1.81 1.44 $1mil None None 0.95
LVSMX (Class A) 2.07 1.69 $2,500 5.25 0.25 0.95
SMLVX (Class C) 2.82 2.44 $2,500 None 1.00 0.95
Investment Considerations

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. Fund holdings and sector allocations are subject to change and are not recommendations to buy or sell any security. Small-capitalization companies tend to have limited liquidity and greater price volatility than large-capitalization companies.

Investors should consider the investment objectives, risks, charges, expenses and read the prospectus carefully before investing. For a prospectus with this and other information about the Fund, please call 855-744-8500 or see the "Mutual Fund Resources" section below.

Expense Waivers

The Fund's investment adviser has contractually agreed to waive management fees and reimburse expenses through December 31, 2019 to the extent that Total Annual Fund Operating Expenses (excluding certain items) exceed 1.23% for Class I shares, 1.48% for Class R shares and 2.23% for Class C shares. Net Expense Ratios are as of the most recent prospectus dated March 19, 2018, and are applicable to investors.

Summit Global Investments, LLC serves as an investment adviser to the SGI U.S. Large Cap Equity Mutual Fund and is paid a fee for its services. Shares of the SGI U.S. Large Cap Equity Mutual Fund are not deposits or obligations of, or guaranteed or endorsed by, Summit Global Investments, LLC. The Fund is not insured by the FDIC or any other government agency. The Fund is distributed by Quasar Distributors LLC, which is not affiliated with Summit Global Investments. The SEC does not endorse, indemnify, approve, nor disapprove of any security.

Fact Sheets
US Small Cap Low Volatility Q3 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
Large Cap/Small Cap/Global Funds (SAI) - Large Cap/Small Cap/Global Fund SGI Funds IRA/Coverdell Account Disclosure Combined Sticker to Prospectus May 2019
Other Fund Documents
Summit 2.28.19 Semi-Annual Report Summit 8.31.18 Annual Report
Legal Disclosures Contact © 2019 Summit Global Investments LLC