Municipal Opportunities Fund - WTTAX

Investment Objective

The Segall Bryant & Hamill Municipal Opportunities Fund (the “Fund”) seeks income exempt from Federal income taxes.

Performance

Previous Quarter Ending: 6/30/2018
Fund Name %3 Mo6 MoCYTD1 Yr3 Yr5 Yr10 YrSince Inception*
Municipal Opportunities Fund 0.85 0.26 0.26 3.53 6.55
Bloomberg Barclays U.S. 1-15 Year Municipal Bond Index 0.85 -0.07 -0.07 1.01 3.22
Performance as of:.. 8/31/2018
Fund Name %1 Mo3 Mo6 MoCYTD1 Yr3 Yr5 Yr10 YrSince Inception*
Municipal Opportunities Fund 0.39 0.77 2.01 0.95 2.69 6.31
Bloomberg Barclays U.S. 1-15 Year Municipal Bond Index 0.18 0.68 1.57 0.43 0.11 3.19
Performance as of:: 9/18/2018
Fund NameNAV $NAV Change%YTD Return%
Municipal Opportunities Fund10.44-0.010.57

* Since Inception Date: 12/16/2016

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

Retail Class Annual Expense Ratio -- Gross 2.12%, Net: 0.67%

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 0.65% 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

Kenneth A. Harris, CFA

Senior Portfolio Manager, Principal

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Nicholas J. Foley

Senior Portfolio Manager

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James D. Dadura, CFA 

Director of Fixed Income, Principal

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Troy A. Johnson, CFA        

Director of Fixed Income Research, 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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Gregory M. Shea, 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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