OVERVIEW

Inception Date

08/29/2023

Type

Active Equity ETF

CUSIP

81580H449

Primary Exchange

NYSE Arca

Ticker Benchmark Gross Expense Ratio Net Expense Ratio NAV Closing Market Price Premium/Discount Median Bid/Ask Spread Fact Sheet
USSE Russell 1000® Index 0.85% 0.65% * $29.54 $29.53 -0.03% 0.11% PDF

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. To obtain current performance as of the most recent month-end, please call (800) 392-2673. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost.

*From 8/29/23 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, and extraordinary expenses), so that the ratio of expenses to average net assets as reported in the Fund’s Financial Highlights will be no more than 0.65% 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.

Please review the Fund’s prospectus for more information regarding the Fund’s fees and expenses. Market price returns are calculated using the closing price and account for distributions from the Fund. For questions regarding the Select Equity ETF, please call toll-free at (800) 836-4265.

Investment Objective

The Segall Bryant & Hamill Select Equity ETF seeks to achieve long-term capital appreciation.

Investment Philosophy

The portfolio manager believes excess returns are best achieved by investing in high quality companies selling at attractive prices. The manager seeks companies that have strong management teams, broad resources, and a competitive market position, and have historically generated, or are positioned to generate, strong return on invested capital (ROIC).

Portfolio Management

Suresh Rajagopal, CFA

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CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

Performance

Performance as of 05/20/2024

Term 1 Day 1Mo 3Mo 6Mo 1Yr QTD YTD Since Inception
NAV -0.07% 8.80% 7.34% 16.86% N/A 3.58% 12.06% 18.31%
Closing Market Price -0.07% 8.65% 7.38% 16.91% N/A 3.43% 12.03% 18.27%
Russell 1000® Index 0.11% 6.95% 6.84% 17.71% N/A 1.04% 11.45% 19.32%

Quarter-End Performance as of 03/31/2024

Term 1Mo QTR 1Yr Since Inception
NAV 1.93% 8.19% N/A 14.23%
Closing Market Price 1.96% 8.31% N/A 14.35%
Russell 1000® Index 3.21% 10.30% N/A 18.08%

The performance data quoted here represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. To obtain current performance as of the most recent month-end, please call (800) 392-2673. The investment return and principal value of an investment will fluctuate so that investor’s shares, when redeemed, may be worth more or less than their original cost.

Total annual fund operating expenses are 0.85% gross and 0.65% net. From 8/29/23 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, and extraordinary expenses), so that the ratio of expenses to average net assets as reported in the Fund’s Financial Highlights will be no more than 0.65% 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.

Please review the Fund’s prospectus for more information regarding the Fund’s fees and expenses. Market price returns are calculated using the closing price and account for distributions from the Fund. For questions regarding the Select Equity ETF, please call toll-free at (800) 836-4265.

Historical Premium/Discount

Term Prior Calendar Year* Current Calendar Year Since Inception
Q1 Q2 Q3 Q4
Days at Premium 45 16 18 N/A N/A 79
Days at Discount 30 34 8 N/A N/A 72

*The Prior Calendar Year represents the period 8/29/23 – 12/31/23. The premium/discount shows the difference between the daily market price of the Fund’s shares and the Fund’s net asset value (“NAV”). Market price data reflects the official closing price. The table shows the premium or discount of the mid-point price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range. This data is provided for informational purposes only and is not intended for trading purposes. Past performance does not guarantee future results.

Portfolio Holdings as of 05/20/2024

Ticker CUSIP Description Quantity Portfolio Weight
GOOG02079K107ALPHABET INC-C685247.70%
AMZN023135106AMAZON.COM INC313753.62%
AAPL037833100APPLE INC348314.19%
ARES03990B101ARES MANAGEM- A504364.59%
AVY053611109AVERY DENNISON278613.96%
JPM46625H100JPMORGAN CHASE362094.46%
MRVL573874104MARVELL TECHNOLO882934.14%
MCK58155Q103MCKESSON CORP109903.90%
MSFT594918104MICROSOFT CORP342439.17%
MDLZ609207105MONDELEZ INTER-A826443.65%
NVO670100205NOVO-NORDISK-ADR644655.39%
PANW697435105PALO ALTO NETWOR232904.75%
PWR74762E102QUANTA SERVICES362076.10%
RGA759351604REINSURANCE GROU480586.35%
NOW81762P102SERVICENOW INC89414.36%
TJX872540109TJX COS INC671474.13%
UL904767704UNILEVER PLC-ADR1087023.70%
UNH91324P102UNITEDHEALTH GRP144634.71%
V92826C839VISA INC-CLASS A331925.82%
N/ABBHETFMMBBH SWEEP VEHICLE1970086.851.24%
STEG8473T100STERIS PLC273984.01%
USDUSDUS DOLLARS-2879.840.00%
RECPAYRECPAYReceivables/Payables115509.640.07%

Holdings data is provided “as of” the date indicated. Holdings are subject to change without notice. Holdings are provided for informational purposes only and should not be considered a recommendation to buy or sell the securities listed.

Materials

Contact Us

If you would like to learn more about the ETF or if you have any questions, please call us at (800) 836-4265.