SGI Conservative
Name
As of 12/29/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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
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 12/29/2021Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
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%
- Dividend Yield 1.6%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameSGI Conservative Fund
-
Fund Family NameSummit Global Investments
-
Inception DateJun 08, 2020
-
Shares Outstanding128288
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid 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.
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
- iShares Core US Aggregate Bond ETF 54.82%
- iShares Core 1-5 Year USD Bond ETF 15.07%
- iShares TIPS Bond ETF 4.97%
- SGI US Large Cap Equity I 4.37%
- SGI Global Equity I 3.94%
- Invesco QQQ Trust 3.28%
- iShares MSCI USA Momentum Factor ETF 2.95%
- iShares Core S&P Small-Cap ETF 1.92%
- iShares Core MSCI EAFE ETF 1.87%
- 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 |
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 |