The Small Cap Core Fund (the "Fund") seeks to achieve capital appreciation.
Small Cap Core mutual funds
* Since Inception Date: 12/31/2019
Retail Class Annual Expense Ratio -- Gross 1.35%, Net: 1.14%
Performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance quoted. To obtain current performance as of the most recent month-end, please call (800) 392-2673. Average annual total returns reflect the reinvestment of dividends, capital gains distributions, all fee waivers and expense reimbursements. If imposed, the fee would reduce the performance quoted. Investment return and principal value will vary, and shares, when redeemed, may be worth more or less than their original cost.
For periods prior to December 31, 2019, the performance shown above is for the Lower Wacker Small Cap Investment Fund, LLC, an unregistered limited partnership managed by the portfolio managers of the Segall Bryant & Hamill Small Cap Core Fund (the “Predecessor Fund”). The Predecessor Fund was reorganized into the Institutional Class shares on January 2, 2020, the date that the Segall Bryant & Hamill Small Cap Core Fund Institutional Class commenced operations. The Segall Bryant & Hamill Small Cap Core Fund has been managed in the same style and by the same portfolio managers since the Predecessor Fund’s inception on January 1, 2004. The Segall Bryant & Hamill Small Cap Core Fund's investment goals, policies, guidelines and restrictions are, in all material respects, equivalent to the Predecessor Fund’s investment goals, policies, guidelines and restrictions. The Predecessor Fund’s annual returns and long-term performance reflect the actual fees and expenses that were charged when the Segall Bryant & Hamill Small Cap Core Fund was a limited partnership. The Predecessor Fund’s performance is net of management fees and other expenses. From its inception on January 1, 2004 through December 31, 2019, the Predecessor Fund was not subject to certain investment restrictions, diversification requirements and other restrictions of the Investment Company Act of 1940, as amended (the “1940 Act”) or Subchapter M of the Internal Revenue Code of 1986, as amended, which, if they had been applicable, might have adversely affected the Segall Bryant & Hamill Small Cap Core Fund's performance.
The performance figures for Retail Class include the performance for Institutional Class for the periods prior to December 31, 2019 and are adjusted for the difference in Retail Class and Institutional Class expenses. Retail Class imposes higher expenses than Institutional Class.
The Predecessor Fund’s past performance shown above is not necessarily an indication of how the Segall Bryant & Hamill Small Cap Core Fund will perform in the future.
From 5/1/24 until at least 4/30/25, the Adviser has contractually agreed to waive the investment advisory and/or administration fees and/or to reimburse other expenses (not including acquired fund fees and expenses, taxes, brokerage expenses, and extraordinary expenses), so that the ratio of expenses to average net assets as reported in the Fund’s Financial Highlights will be no more than 1.14% and 0.99% for the Fund’s Retail Class and Institutional Class, respectively, for such period. This agreement may not be terminated or modified by the Adviser prior to 4/30/25, without the approval of the Board of Trustees.
The Russell 2000® Growth Index measures the performance of the small‐cap growth segment of the U.S. equity universe. It includes those Russell 2000® Index companies with higher price‐to‐value ratios and higher forecasted growth values.
The Small Cap Core Fund Institutional (the "Fund") seeks to achieve capital appreciation.
* Since Inception Date: 12/31/2019
Institutional Class Annual Expense Ratio -- Gross 1.20%, Net: 0.99%
Performance data quoted represents past performance and does not guarantee future results. Current performance may be lower or higher than the performance quoted. To obtain current performance as of the most recent month-end, please call (800) 392-2673. Average annual total returns reflect the reinvestment of dividends, capital gains distributions, all fee waivers and expense reimbursements. If imposed, the fee would reduce the performance quoted. Investment return and principal value will vary, and shares, when redeemed, may be worth more or less than their original cost.
For periods prior to December 31, 2019, the performance shown above is for the Lower Wacker Small Cap Investment Fund, LLC, an unregistered limited partnership managed by the portfolio managers of the Segall Bryant & Hamill Small Cap Core Fund (the “Predecessor Fund”). The Predecessor Fund was reorganized into the Institutional Class shares on January 2, 2020, the date that the Segall Bryant & Hamill Small Cap Core Fund Institutional Class commenced operations. The Segall Bryant & Hamill Small Cap Core Fund has been managed in the same style and by the same portfolio managers since the Predecessor Fund’s inception on January 1, 2004. The Segall Bryant & Hamill Small Cap Core Fund's investment goals, policies, guidelines and restrictions are, in all material respects, equivalent to the Predecessor Fund’s investment goals, policies, guidelines and restrictions. The Predecessor Fund’s annual returns and long-term performance reflect the actual fees and expenses that were charged when the Segall Bryant & Hamill Small Cap Core Fund was a limited partnership. The Predecessor Fund’s performance is net of management fees and other expenses. From its inception on January 1, 2004 through December 31, 2019, the Predecessor Fund was not subject to certain investment restrictions, diversification requirements and other restrictions of the Investment Company Act of 1940, as amended (the “1940 Act”) or Subchapter M of the Internal Revenue Code of 1986, as amended, which, if they had been applicable, might have adversely affected the Segall Bryant & Hamill Small Cap Core Fund's performance.
Retail Class shares would have similar annual returns to Institutional Class shares and the Predecessor Fund because they are invested in the same portfolio of securities, however, the returns for Retail Class shares would be different from the Institutional Class shares and the Predecessor Fund because Retail Class shares have different expenses than Institutional Class shares and the Predecessor Fund. Performance information for Retail Class shares will be included after the share class has been in operation for one complete calendar year.
The Predecessor Fund’s past performance shown above is not necessarily an indication of how the Segall Bryant & Hamill Small Cap Core Fund will perform in the future.
From 5/1/24 until at least 4/30/25, the Adviser has contractually agreed to waive the investment advisory and/or administration fees and/or to reimburse other expenses (not including acquired fund fees and expenses, taxes, brokerage expenses, and extraordinary expenses), so that the ratio of expenses to average net assets as reported in the Fund’s Financial Highlights will be no more than 1.14% and 0.99% for the Fund’s Retail Class and Institutional Class, respectively, for such period. This agreement may not be terminated or modified by the Adviser prior to 4/30/25, without the approval of the Board of Trustees.
The Russell 2000® Growth Index measures the performance of the small‐cap growth segment of the U.S. equity universe. It includes those Russell 2000® Index companies with higher price‐to‐value ratios and higher forecasted growth values.
Fund literature
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Investors should consider the investment objectives, risks, and charges and expenses of the Fund(s) before investing. The prospectus (and, if available, the summary prospectus,) contains this and other information about the Fund(s) and should be read carefully before investing. The prospectus may be obtained here or by calling (800) 392-2673.
Other risks include:
Small- and Medium-Sized Company Risk: Investing in the securities of small- and medium-sized companies generally will be more volatile, and loss of principal could be greater than investing in the securities of larger, more established companies.
Dividend Investment Risk: Dividends are not guaranteed. A company’s future abilities to pay dividends may be limited and a company may cease paying dividends at any time.
Indirect Foreign Exposure Risk: Investments in foreign companies are subject to special risks, including currency fluctuations, social, economic, and political uncertainties, which could increase volatility.
Sector Concentration Risk: The Fund may concentrate its investments in companies that are in a single sector or related sector. Concentrating investments in a single sector may make the Fund more susceptible to adverse economic, business, regulatory or other developments affecting that sector. If an economic downturn occurs in a sector in which the Fund’s investments are concentrated, the Fund may perform poorly during that period.
ESG Investing Risk: Investing primarily in investments that meet ESG criteria carries the risk that the fund may forgo otherwise attractive investment opportunities or increase or decrease its exposure to certain types of issuers and, therefore, may underperform funds that do not consider ESG factors.
Fixed Income Risks:Fixed income funds are subject to additional risk in that they may invest in high-yield/high-risk bonds and may be subject to greater levels of liquidity risk. Additionally, investing in bonds entails interest rate risk and credit risk.
Municipal Securities Risk: Municipal bond fund income may be subject to state and local income taxes and the alternative minimum tax. Capital gains, if any, will be subject to capital gains tax. Investments in municipal bonds are subject to interest rate risk, or the risk that the bonds will decline in value because of changes in market interest rates. Municipal bonds are also subject to call risk, credit risk, liquidity risk, below investment grade securities risk, and interest rate futures risk.
Single-State Investment Risk: A fund that invests primarily in instruments issued by or on behalf of one state will generally be more volatile and loss of principal could be greater due to state specific risk. Please refer to the prospectus for each fund’s specific risks.
Foreign investment and Emerging Markets risk: Foreign investments can be riskier than U.S. investments. Potential risks include adverse political and legal developments affecting issuers located and/or doing business in foreign countries, currency risk that may result from unfavorable exchange rates, liquidity risk if decreased demand for a security makes it difficult to sell at the desired price, and risks that stem from substantially lower trading volume on foreign markets. These risks are generally greater for investments in emerging markets, which are also subject to greater price volatility, and custodial and regulatory risks.
Growth Stock Risk: The prices of growth stocks may be more sensitive to changes in current or expected earnings than the prices of other stocks.
Options and Futures Risk: Options and futures may be more volatile than investments in securities, involve additional costs and may involve a small initial investment relative to the risk assumed. In addition, the value of an option or future may not correlate perfectly to the underlying securities index or overall securities markets.
Value Investing Risk: Value investing involves the risk that an investment made in undervalued securities may not appreciate in value as anticipated or remain undervalued for long periods of time.
Diversification: a risk management strategy that creates a mix of various investments within a portfolio.
NAV: the value of an investment fund that is determined by subtracting its liabilities from its assets. The fund's per-share NAV is then obtained by dividing NAV by the number of shares outstanding.
Alpha: often considered the active return on an investment, gauges the performance of an investment against a market index or benchmark that is considered to represent the market's movement as a whole.
Non-Diversification Risk: A non-diversified fund may be invested in a limited number of issuers and will be susceptible to any negative economic, political and regulatory events than a more diversified fund.
Please consider the Investment objectives, risks, charges and expenses of the Fund(s) carefully before investing. To obtain a prospectus for the SBH Fund(s), which contains this and other important information about the Fund(s), click here. Please read the prospectus carefully before investing.
All indexes are unmanaged and index performance figures do not reflect any fees, expenses, or taxes. Investors cannot invest directly in an index. View index descriptions here.
Russell Inc. is the source and owner of the Russell Index data. MSCI Inc. is the source and owner of the MSCI Index data. Bloomberg U.S. is the source and owner of the Bloomberg Index data. See Terms of Use for additional information.
The mutual funds of the Segall Bryant & Hamill Trust are distributed by Ultimus Fund Distributors, LLC, member FINRA/SIPC. The Segall Bryant & Hamill Select Equity ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC. Segall Bryant & Hamill, LLC and CI SBH Asset Management are not affiliated with Ultimus Fund Distributors, LLC or Northern Lights Distributors, LLC.
Investing involves risk. Investment return and principal value of an investment will fluctuate, and an investor’s shares, when redeemed, may be worth more or less than their original cost. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemed from the fund. Brokerage commissions will reduce returns. ETFs are subject to investment advisory and other expenses, which will be indirectly paid by the Fund. ETFs are subject to issuer risks and other risks specific to the Fund. The Fund may face more risks than if it were diversified broadly over numerous industries or sectors. There is no guarantee the Fund will meet its investment objective.
Collective Investment Trusts (CITs)
SEI Trust Company (the “Trustee”) serves as the Trustee of the Fund and maintains ultimate fiduciary authority over the management of, and the investments made, in the Fund. The Fund is part of a Collective Investment Trust (the “Trust”) operated by the Trustee. The Trustee is a trust company organized under the laws of the Commonwealth of Pennsylvania and wholly owned subsidiary of SEI Investments Company (SEI).
The Segall Bryant & Hamill International Small Cap Trust and the Segall Bryant & Hamill Emerging Markets Trust (the “SBH Trusts”) are trusts for the collective investment of assets or participating tax qualified pension and profit sharing plans and related trusts, and governmental plans as more fully described in the Declaration of Trust. As bank collective trusts, the SBH Trusts are exempt from registration as an investment company. The SBH Trusts are managed by SEI Trust Company, the trustee, based on the investment advice of Segall Bryant & Hamill, the investment adviser to the trusts.
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