International Equity Fund - CIQRX

Investment Objective

The Segall Bryant & Hamill International Equity Fund seeks to achieve long-term capital appreciation.

Performance

Previous Quarter Ending: 3/31/2024
Fund Name %3 Mo6 MoCYTD1 Yr3 Yr5 Yr10 YrSince Inception*
International Equity Fund 5.35 15.53 5.35 18.58 N/A N/A N/A 5.76
MSCI EAFE Index 5.78 16.81 5.78 15.32 N/A N/A N/A 2.81
Performance as of: 4/30/2024
Fund Name %1 Mo3 Mo6 MoCYTD1 Yr3 Yr5 Yr10 YrSince Inception*
International Equity Fund -1.81 3.54 19.61 3.44 13.85 N/A N/A N/A 4.80
MSCI EAFE Index -2.56 2.49 18.63 3.08 9.28 N/A N/A N/A 1.66
Performance as of: 05/23/2024
Fund NameNAV $NAV Change%YTD Return%
International Equity Fund 11.19 -0.53 6.88

* Since Inception Date: 12/8/23

Retail Class Annual Expense Ratio -- Gross 5.27%, 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 8, 2023, the performance shown above is for the Segall Bryant & Hamill International Fund, LP (the "Predecessor Fund"), an unregistered limited partnership managed by the portfolio managers of the Fund. The Predecessor Fund was reorganized into the Institutional Class shares on December 8, 2023, the date that the Segall Bryant & Hamill International Equity Fund commenced operations. The Segall Bryant & Hamill International Equity Fund has been managed in the same style and by the same portfolio managers since the Predecessor Fund’s inception on October 27, 2021. The Segall Bryant & Hamill International Equity 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 International Equity Fund was a limited partnership. The Predecessor Fund’s performance is net of management fees and other expenses. From its inception on October 27, 2021 through December 7, 2023, 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 International Equity 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.

The Predecessor Fund’s past performance shown above is not necessarily an indication of how the Segall Bryant & Hamill International Equity Fund will perform in the future.

From 12/8/2023 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, class action claim fees, tax reclaim fees, and extraordinary expenses), so that the ratio of expenses of average net assets as reported in the Fund’s Financial Highlights will be no more than 1.14% and 0.99% to 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.

Investment Team

Scott E. Decatur, Ph.D.

Director of Quantitative Strategies

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Nicholas C. Fedako, CFA

Senior Portfolio Manager

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Tariq Khan

Quantitative Research Analyst

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Shawn Curry, CFA, CIPM

Quantitative Equity Analyst

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