Quality High Yield Fund - WTLTX

Investment Objective

The Segall Bryant & Hamill Quality High Yield Fund (the “Fund”) seeks to achieve long-term total rate of return consistent with preservation of capital.

Performance

Previous Quarter Ending: 9/30/2018
Fund Name %3 Mo6 MoCYTD1 Yr3 Yr5 Yr10 YrSince Inception*
Quality High Yield Fund 1.85 1.95 0.77 1.20 6.21 5.01 7.54 7.25
Bloomberg Barclays U.S. Corporate High Yield Ba Index 2.32 2.14 0.51 0.90 6.70 5.53 9.05 8.46
Performance as of: 11/30/2018
Fund Name %1 Mo3 Mo6 MoCYTD1 Yr3 Yr5 Yr10 YrSince Inception*
Quality High Yield Fund -0.04 -1.12 0.49 -0.62 -0.55 5.00 4.28 9.42 7.16
Bloomberg Barclays U.S. Corporate High Yield Ba Index -0.25 -1.36 0.73 -1.12 -1.03 5.50 4.61 11.03 8.35
Performance as of: 12/14/2018
Fund NameNAV $NAV Change%YTD Return%
Quality High Yield Fund8.51-0.04-0.91

* Since Inception Date: 6/1/1988

Segall Bryant & Hamill acquired Denver Investment Advisors LLC on April 30, 2018. Prior to this date, management of the Quality High Yield Fund was performed by the portfolio managers at Denver Investment Advisors LLC.

Retail Class Annual Expense Ratio -- Gross 0.99%, Net: 0.86%

Performance data quoted represents past performance and does not guarantee future results. Performance information for the institutional class shares prior to their inception is based on the performance of the retail class. 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.

The Fund’s advisor (the “Adviser”) has contractually agreed to waive the investment advisory and/or administration fees and/or to reimburse other expenses from May 1, 2018 until at least April 30, 2020, so that the ratio of expenses to average net assets as reported in the Fund’s Financial Highlights will be no more than 0.85% for the Fund’s Retail Class for such period. This agreement may not be terminated or modified by the Adviser prior to April 30, 2020 without the approval of the Board of Trustees.

Investment Team

Troy A. Johnson, CFA

Director of Fixed Income Research, Principal

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Gregory M. Shea, CFA

Senior Portfolio Manager, Principal

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James D. Dadura, CFA

Director of Fixed Income, Principal

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Nicholas J. Foley

Senior Portfolio Manager

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Kenneth A. Harris, CFA

Senior Portfolio Manager, Principal

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Darren G. Hewitson, CFA

Senior Portfolio Manager, Principal

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Gregory C. Hosbein, CFA  

Senior Portfolio Manager, Principal

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Michael R. Diehl, CFA  

Portfolio Manager

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Maergrethe F. Amoussou, CFA

Senior Fixed Income Analyst

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Nick N. Detchev, CFA

Senior Fixed Income Analyst

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Steven G. Kindred, CFA, CPA 

Senior Fixed Income Analyst

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William S. Oh, CFA, FRM 

Senior Fixed Income Analyst

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Daniel T. Schniedwind, CFA   

Senior Fixed Income Analyst

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Nicole J. Foote, CFA

Fixed Income Analyst

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Jesse T. Kallman

Fixed Income Analyst

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Disclosure

Portions of the Segall Bryant & Hamill Quality High Yield Income Fund’s (formerly Westcore Flexible Income Fund) 2015 distributions were return of capital.  Click here for tax information regarding these distributions.

Gregory M. Shea, CFA is a registered representative of ALPS Distributors, Inc.

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