05/07/2025 | Press release | Distributed by Public on 05/07/2025 12:53
SEGALL BRYANT & HAMILL GLOBAL ALL CAP FUND Retail Class: WTMVX; Institutional Class: WIMVX |
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Summary Prospectus | April 30, 2025 |
Before you invest, you may want to review the Segall Bryant & Hamill Global All Cap Fund's (the "Fund") prospectus, which contains more information about the Fund and its risks. You can find the Fund's prospectus, reports to shareholders and other information about the Fund online at https://cisbh.com/funds. You can also get this information at no cost by calling (800) 392-2673, or by contacting your financial intermediary. You may get this information at no cost by sending an email request to Fulfillment@ultimusfundsolutions.com. The Fund's prospectus and statement of additional information, each dated April 30, 2025, along with the Fund's most recent annual report dated December 31, 2024, are incorporated by reference into this summary prospectus and may be obtained, free of charge, at the website, phone number or email address noted above.
Investment Objective
The Fund seeks to achieve long-term capital appreciation.
Fees and Expenses of the Fund
This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Shareholder Fees (fees paid directly from your investment) | Retail Class | Institutional Class | ||
Annual Account Maintenance Fee (for Retail Class accounts under $750) | $12.00 | - |
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) | ||||
Management Fees | 0.65% | 0.65% | ||
Distribution (12b-1) Fees | None | None | ||
Other Expenses | 0.78% | 0.79% | ||
Shareholder service fee(1) | 0.25% | 0.10% | ||
All other expenses | 0.53% | 0.69% | ||
Total Annual Fund Operating Expenses | 1.43% | 1.44% | ||
Fee Waivers and/or Expense Reimbursements(2) | (0.54)% | (0.70)% | ||
Total Annual Fund Operations Expenses After Fee Waivers and/or Expense Reimbursements(2) |
0.89% | 0.74% |
(1) |
(2) |
Example
This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in either the Retail Class shares or the Institutional Class shares of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund's total annual operating expenses remain the same. This Example reflects the net operating expenses with expense waivers for the one-year contractual period and the total operating expenses without expense waivers for years two through ten.
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SEGALL BRYANT & HAMILL GLOBAL ALL CAP FUND
Although your actual costs may be higher or lower, based on these assumptions your costs would be: | One Year | Three Years | Five Years | Ten Years |
Retail Class | $91 | $399 | $730 | $1,667 |
Institutional Class | $76 | $387 | $720 | $1,664 |
Your expenses would be the same if you did not redeem your shares.
Portfolio Turnover
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund's performance. A higher turnover rate may also result in higher taxes when Fund shares are held in a taxable account. During the most recent fiscal year, the Fund's portfolio turnover rate was 25% of the average value of its portfolio.
Principal Investment Strategies of the Fund
Under normal circumstances, the Fund will invest at least 80% of the value of its net assets (including amounts borrowed for investment purposes) in equity securities of companies of any size, including small- and mid-capitalization companies as measured at the time of purchase. The Fund will primarily invest in common stock of companies traded on U.S. exchanges with market capitalization in excess of $1 billion. The MSCI World Mid Cap Index and the MSCI World Small Cap Index are indices which include companies with market capitalizations within the mid-cap and small-cap universe. The Fund will, under normal circumstances, invest at least 35% of its net assets in common stock of companies with market capitalizations similar in size to companies within the MSCI World Mid Cap Index and the MSCI World Small Cap Index.● |
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SEGALL BRYANT & HAMILL GLOBAL ALL CAP FUND
Principal Risks of Investing in the Fund
Risk is inherent in all investing, and you could lose money by investing in the Fund. A summary description of certain principal risks of investing in the Fund is set forth below. Before you decide whether to invest in the Fund, carefully consider these risk factors associated with investing in the Fund, which may cause investors to lose money. There can be no assurance that the Fund will achieve its investment objective.
Market Capitalization Risk:To the extent a Fund invests in securities issued by small-, medium- or large capitalization companies, it will be subject to the risks associated with securities issued by companies of the applicable market capitalization. Securities issued by companies of different market capitalizations tend to go in and out of favor based on market and economic conditions. During a period when securities of a particular market capitalization underperform other types of investments, a Fund's performance could be adversely impacted. The small- and medium-sized companies in which the Fund may invest may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, these small-and medium-sized companies may pose additional risks, including liquidity risk, because these companies tend to have limited product lines, markets, and financial resources, and may depend upon a relatively small management group. Therefore, small- and medium-sized stocks may be more volatile than those of larger companies. Small- and medium-sized companies may be more thinly traded than larger, more established companies.● |
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SEGALL BRYANT & HAMILL GLOBAL ALL CAP FUND
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SEGALL BRYANT & HAMILL GLOBAL ALL CAP FUND
Bar Chart and Performance Tables
The following bar chart and table provide an indication of the risk of investing in the Fund by showing changes in the Fund's Retail Class performance from year to year, and by showing how the Fund's average annual returns for one, five, and ten years compare with those of a broad-based securities market index. The Fund's past performance (before and after taxes) does not necessarily indicate how it will perform in the future. Please note that for longer term performance numbers, prior to April 29, 2016 the Fund was known as the Westcore Blue Chip Dividend Fund, prior to April 30, 2018 the Fund was known as the Westcore Global Large-Cap Dividend Fund, and prior to September 19, 2020 the Fund was known as the Segall Bryant & Hamill Global Large Cap Fund.
Updated performance information is available on https://cisbh.com/funds or call toll-free (800) 392-2673.
Segall Bryant & Hamill Global All Cap Fund
Retail Class - Calendar Year Total Returns as of December 31 (%)
Highest Quarterly Return: 6/30/2020 16.21% | Lowest Quarterly Return: 3/31/2020 (23.72)% |
The returns above are for the Retail Class of the Fund. The Institutional Class would have substantially similar annual returns to the Retail Class because the classes are invested in the same portfolio securities. The Institutional Class' returns will be higher over the long-term when compared to the Retail Class' returns to the extent that the Retail Class has higher expenses.
Average Annual Total Returns (for the Periods Ended December 31, 2024)
After-tax returns for the Retail Class are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor's tax situation and may differ from those shown. After-tax returns are shown only for the Retail Class; after-tax returns for the Institutional Class will be different. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-qualified arrangements, such as 401(k) plans or individual retirement accounts.
Segall Bryant & Hamill Global All Cap Fund | 1 Year | 5 Years | 10 Years |
Retail Class | |||
Return Before Taxes | 16.28% | 8.30% | 8.21% |
Return After Taxes on Distributions | 14.85% | 6.39% | 6.37% |
Return After Taxes on Distributions and Sale of Fund Shares | 10.74% | 6.10% | 6.14% |
Institutional Class | |||
Return Before Taxes | 16.36% | 8.43% | 8.35% |
MSCI World Index (reflects no deduction for fees, expenses or taxes, except foreign withholding taxes) |
18.67% | 11.17% | 9.95% |
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SEGALL BRYANT & HAMILL GLOBAL ALL CAP FUND
Management
Investment Adviser
Segall Bryant & Hamill, LLC
Portfolio Managers
Name(s) of Portfolio Manager(s) and Title(s) | Date Began Managing the Fund |
Suresh Rajagopal, CFA Director All/Mid Cap Strategies - Segall Bryant & Hamill, LLC Portfolio Manager of the Fund |
July 23, 2020 |
Ralph M. Segall, CFA, CIC Chief Investment Officer - Segall Bryant & Hamill, LLC Portfolio Manager of the Fund |
July 23, 2020 |
Other Important Information Regarding Fund Shares
Purchase and Sale of Fund Shares
The minimum initial purchase is $2,500 for the Retail Class and $250,000 for the Institutional Class. The minimum subsequent purchase is $25 for the Retail Class (or $25 per month for automatic investment). There is no minimum subsequent purchase for the Institutional Class. You may redeem shares of the Fund on any business day through the Fund's website at https://cisbh.com/funds, by telephone at (800) 392-2673, or by a systematic withdrawal plan (must be multiples of $25, and can be accomplished monthly, quarterly, or annually). You may redeem shares of the Fund on any business day by regular mail at Segall Bryant & Hamill Funds, P.O. Box 46707, Cincinnati, Ohio 45246-0707.
Tax Information
For U.S. federal income tax purposes, the Fund's distributions may be taxable as ordinary income, capital gains, qualified dividend income, or section 199A dividends, except when your investment is held in an IRA, 401(k) or other tax-qualified investment plan. Withdrawals from such a tax-qualified investment plan will be subject to special tax rules.
Financial Intermediary Compensation - Payments to Broker-Dealers and other Financial Intermediaries
If you purchase the Fund through a broker-dealer or other financial intermediary (such as a bank), the Fund and its related companies may pay the intermediary for the sale of Fund shares and related services. These payments may create a conflict of interest by influencing the broker-dealer or other intermediary and your salesperson to recommend the Fund over another investment. Ask your salesperson or visit your financial intermediary's website for more information.
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