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Trending ETFs

Name

As of 12/29/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SGI Conservative Fund

SGCIX | Fund

$9.92

$1.34 M

1.56%

$0.16

1.73%

Vitals

YTD Return

-4.2%

1 yr return

1.4%

3 Yr Avg Return

N/A

5 Yr Avg Return

N/A

Net Assets

$1.34 M

Holdings in Top 10

94.9%

52 WEEK LOW AND HIGH

$9.9
$9.92
$10.59

Expenses

OPERATING FEES

Expense Ratio 1.73%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 174.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 12/29/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

SGI Conservative Fund

SGCIX | Fund

$9.92

$1.34 M

1.56%

$0.16

1.73%

SGCIX - Profile

Distributions

  • YTD Total Return -4.2%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.15%
DIVIDENDS
  • Dividend Yield 1.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    SGI Conservative Fund
  • Fund Family Name
    Summit Global Investments
  • Inception Date
    Jun 08, 2020
  • Shares Outstanding
    128288
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Harden

Fund Description

The Fund invests in securities of affiliated and unaffiliated open-end mutual funds and exchange-traded funds (“ETFs”) (collectively, “Underlying Funds”). The Fund may allocate assets across six categories of Underlying Funds: domestic equities, foreign equities (including emerging markets securities), domestic investment-grade bonds, domestic high yield bonds (also known as “junk bonds”), foreign investment-grade and high yield bonds, and money market funds.

Under normal circumstances, the Fund will invest primarily in Underlying Funds focused on domestic investment-grade bonds, a lesser amount in Underlying Funds focused on large capitalization domestic equities, domestic high yield bonds, and money market funds, and a small amount in Underlying Funds focused on domestic small-capitalization equities, foreign equities and emerging markets, and in foreign investment-grade and high yield bonds.

Summit Global Investments, LLC (the “Adviser”) attempts to lower the Fund’s market risk by investing in Underlying Funds that seek to lower the overall volatility of the Fund’s portfolio. The Fund seeks volatility between 20%-40% as compared to the S&P 500® Index. Volatility is a statistical measurement of the magnitude of up and down fluctuations in the value of a financial instrument or index. In addition, the Adviser reviews the idiosyncratic risks associated with each Underlying Fund if these risks are deemed elevated with increased downside risks due to environmental, social and/or governance (“ESG”) issues. The Adviser selects Underlying Funds for the Fund that it anticipates will produce a portfolio with less volatility with more capital protection and consistent returns. While the Adviser attempts to manage the Fund’s volatility, there is no guarantee that the strategy will be successful or that the Fund’s portfolio will not experience periods of higher volatility.

The Adviser employs a process of assessing Underlying Funds that include ESG issues as part of their investment strategy. The Adviser considers ESG issues to be comprised of one or more of the following actions by companies: demonstrate strong environmental factors, apply extensive sustainability criteria throughout their supply chains, minimize risks and demonstrate best practices regarding air, water and public health; act as socially responsible companies in the communities in which they operate and their record of values and ethics; have strong corporate governance and exhibit excellent labor practices, and show environmental innovation such as energy efficiency and clean energy companies.

The Adviser evaluates how an Underlying Fund uses proxy votes and access to corporate management to improve ESG concerns. This process may include interviews with an Underlying Fund’s management and an examination of an Underlying Fund’s proxy voting records, prospectus and other reports. The methods that Underlying Funds use to assess ESG issues will vary.

The Fund may focus its investments in a particular industry or sector for the purpose of capitalizing on performance momentum in that industry or sector due to significant changes in market conditions or geopolitical conditions.

The Fund may sell an Underlying Fund if the Adviser identifies fundamental, ESG, or legal risks and/or if the risk/return ranking declines due to increasing risk and/or decreasing return potential. The Fund may also decrease weight in an investment for risk control purposes.

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SGCIX - Performance

Return Ranking - Trailing

Period SGCIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -9.6% 16.9% 93.05%
1 Yr 1.4% -8.5% 33.4% 96.83%
3 Yr N/A* 2.0% 10.8% N/A
5 Yr N/A* -0.8% 8.7% N/A
10 Yr N/A* 2.3% 7.6% N/A

* Annualized

Return Ranking - Calendar

Period SGCIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -6.7% 11.1% N/A
2022 N/A 3.0% 11.8% N/A
2021 N/A -18.4% -1.2% N/A
2020 N/A -9.1% 14.3% N/A
2019 N/A -3.4% 17.3% N/A

Total Return Ranking - Trailing

Period SGCIX Return Category Return Low Category Return High Rank in Category (%)
YTD -4.2% -9.6% 16.9% 93.05%
1 Yr 1.4% -12.3% 33.4% 83.77%
3 Yr N/A* 1.0% 10.8% N/A
5 Yr N/A* -1.2% 8.7% N/A
10 Yr N/A* 2.3% 7.6% N/A

* Annualized

Total Return Ranking - Calendar

Period SGCIX Return Category Return Low Category Return High Rank in Category (%)
2023 N/A -6.7% 11.1% N/A
2022 N/A 3.0% 12.1% N/A
2021 N/A -18.4% 0.4% N/A
2020 N/A -3.3% 17.4% N/A
2019 N/A -3.4% 19.9% N/A

NAV & Total Return History


SGCIX - Holdings

Concentration Analysis

SGCIX Category Low Category High SGCIX % Rank
Net Assets 1.34 M 485 K 6.47 B 98.96%
Number of Holdings 16 3 6522 82.47%
Net Assets in Top 10 1.24 M 3.56 K 5.95 B 97.94%
Weighting of Top 10 94.85% 5.9% 100.0% 16.85%

Top 10 Holdings

  1. iShares Core US Aggregate Bond ETF 54.82%
  2. iShares Core 1-5 Year USD Bond ETF 15.07%
  3. iShares TIPS Bond ETF 4.97%
  4. SGI US Large Cap Equity I 4.37%
  5. SGI Global Equity I 3.94%
  6. Invesco QQQ Trust 3.28%
  7. iShares MSCI USA Momentum Factor ETF 2.95%
  8. iShares Core S&P Small-Cap ETF 1.92%
  9. iShares Core MSCI EAFE ETF 1.87%
  10. iShares MSCI USA Min Vol Factor ETF 1.68%

Asset Allocation

Weighting Return Low Return High SGCIX % Rank
Bonds
70.25% 23.75% 130.92% 47.42%
Stocks
22.17% 0.60% 47.95% 45.88%
Cash
6.75% -62.00% 63.08% 33.51%
Convertible Bonds
0.84% 0.00% 12.47% 72.16%
Preferred Stocks
0.00% 0.00% 40.87% 95.36%
Other
0.00% -6.01% 44.57% 90.21%

Stock Sector Breakdown

Weighting Return Low Return High SGCIX % Rank
Technology
23.30% 0.26% 29.52% 12.89%
Financial Services
14.95% 0.00% 30.11% 41.24%
Healthcare
12.63% 0.00% 22.27% 41.24%
Consumer Cyclical
11.34% 0.00% 13.76% 42.78%
Communication Services
10.87% 0.00% 12.80% 3.61%
Industrials
9.53% 0.00% 25.32% 71.65%
Consumer Defense
8.60% 0.00% 25.07% 11.34%
Utilities
2.63% 0.00% 82.37% 62.37%
Basic Materials
2.38% 0.00% 15.93% 84.54%
Real Estate
2.14% 0.00% 85.91% 89.18%
Energy
1.63% 0.00% 24.27% 92.78%

Stock Geographic Breakdown

Weighting Return Low Return High SGCIX % Rank
US
18.61% 0.56% 47.38% 30.93%
Non US
3.56% -1.88% 11.54% 69.07%

Bond Sector Breakdown

Weighting Return Low Return High SGCIX % Rank
Government
43.61% 0.00% 74.80% 9.79%
Corporate
24.45% 0.59% 98.27% 72.68%
Securitized
16.81% 0.00% 59.84% 47.94%
Cash & Equivalents
14.67% 0.00% 70.88% 23.20%
Municipal
0.46% 0.00% 21.99% 18.56%
Derivative
0.00% 0.00% 24.59% 93.30%

Bond Geographic Breakdown

Weighting Return Low Return High SGCIX % Rank
US
63.69% 19.78% 130.92% 15.98%
Non US
6.56% -24.12% 29.86% 67.53%

SGCIX - Expenses

Operational Fees

SGCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.73% 0.11% 3.09% 10.31%
Management Fee 0.75% 0.00% 1.25% 96.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee 0.25% 0.01% 0.70% 89.83%

Sales Fees

SGCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 4.50% N/A

Trading Fees

SGCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

SGCIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 174.00% 6.00% 394.00% 92.82%

SGCIX - Distributions

Dividend Yield Analysis

SGCIX Category Low Category High SGCIX % Rank
Dividend Yield 1.56% 0.00% 2.02% 80.93%

Dividend Distribution Analysis

SGCIX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Monthly Monthly

Net Income Ratio Analysis

SGCIX Category Low Category High SGCIX % Rank
Net Income Ratio -0.15% -1.30% 6.83% 98.40%

Capital Gain Distribution Analysis

SGCIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

SGCIX - Fund Manager Analysis

Managers

David Harden


Start Date

Tenure

Tenure Rank

Jun 08, 2020

1.48

1.5%

Dave earned a BA from Boston College and an MSCS from Boston University. Over the past 21+ years in investments, Dave has proven his ability as a portfolio manager and equity strategist. Prior to establishing Summit Global Investments, Dave worked with Fidelity Investments, Evergreen Investments, and Ensign Peak Advisors, where he was responsible for developing and implementing numerous portfolio strategies. For the past eight years, Dave has focused on managing institutional assets in the low volatility equity space and continues to do so with Summit Global Investments. As Chief Investment Officer, Dave oversees the investment processes and leads the overall investment decisions, including portfolio design, construction, implementation and management. In addition, Dave is directly responsible for SGI's innovative low volatility, managed risk approach to investing. As a leader in the low volatility field, he has developed unique quantitative technologies., tactics and models designed specifically for managing risk while maximizing returns. Dave is one of only a handful of active portfolio managers in the world that has researched, constructed, implemented and actively managed significant assets in the low volatility equity space. With the ever-increasing attention givento low volatility investing, Dave's techniques and strategies continue to provide new insight to professional asset management. Throughout Dave's career, he has established himself as an expert in investment technology and quantitative research. In his spare time, Dave enjoys spending time with his family and supporting the local wrestling community.

Matt Hanna


Start Date

Tenure

Tenure Rank

Jun 08, 2020

1.48

1.5%

Mr. Hanna joined Summit Global Investments, LLC in 2017 as a Portfolio Manager. At the firm, Mr. Hanna focuses on all aspects of the investment process with a primary focus on quantitative investment management. Some of Mr. Hanna’s key responsibilities are factor research, optimization methodologies, asset allocation, and portfolio risk management. Mr. Hanna was previously employed at Raymond James for over 10 years in the Asset Management Services. Mr. Hanna’s role as an officer involved leading research on asset allocation, risk management, and global market analysis on over $35 billion. Mr. Hanna earned his Master of Science in Finance from the University of Tampa. He is a CFA Charterholder, Certified FRM, and CAIA Charterholder.

Aash Shah


Start Date

Tenure

Tenure Rank

Jun 08, 2020

1.48

1.5%

Aash M. Shah, Portfolio Manager, who has been responsible for Invesco V.I. Capital Appreciation Fund since 2020 and has been associated with Invesco and/or its affiliates since 2019. From 2006 to 2019, Mr. Shah was associated with OppenheimerFunds, a global asset management firm. He earned an MBA in Finance & Accounting from Carnegie Mellon University and BS Engineering from the University of Pittsburgh. He is also a CFA charter holder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 27.19 5.71 1.92