HomeStrategiesU.S. Growth Opportunities Fund

(

HGRIX

)

U.S. Growth Opportunities Fund

Concentrated, High-Quality, Focused All Cap Growth Equities

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Overview

Client Commitment

An actively managed U.S. growth strategy that engages in fundamental analysis to identify high-quality companies with strong growth characteristics. The Fund seeks long-term capital appreciation by investing in a blend of small-, medium- and large-capitalization stocks.

Why Invest in the Fund

    High-Quality Growth Companies

  1. The Fund seeks to invest in companies with impressive management teams, low leverage and a consistent, sustainable record of growth. We believe investing in these high-quality companies can lead to competitive returns with below-average risk over a full market cycle.

    2. Bottom-Up, Meets Top-Down Approach

  2. The team utilizes a multifaceted approach when trying to identify companies for investment. This includes a bottom-up qualitative and quantitative assessment, complemented by our top-down economic and investment outlook.

    3. Experienced Team, Tested Philosophy

  3. Rather than relying on a star manager, the Fund is managed by experienced portfolio managers leveraging a time-tested investment philosophy with additional support from a skilled investment team.

Portfolio Management

W. Scott Priebe

Portfolio Manager

Derek J. Pawlak

Portfolio Manager

Featured Insights

Performance

RETURNS

(As of 09/30/2019)
(As of 09/30/2019)
Inception: Dec 18, 2014 3M YTD 1YR 3YR 5YR 10YR Since Inception
U.S. Growth Opportunities Fund – I Shares 0.43% 23.61% 5.56% 15.11% - - 11.36%
Russell 3000® Growth Index 1.10% 22.75% 2.70% 16.36% 13.07% 14.74% 12.50%
Inception: Dec 18, 2014 3M YTD 1YR 3YR 5YR 10YR Since Inception
U.S. Growth Opportunities Fund – I Shares 0.43% 23.61% 5.56% 15.11% - - 11.36%
Russell 3000® Growth Index 1.10% 22.75% 2.70% 16.36% 13.07% 14.74% 12.50%
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold.
View Fees and Expenses
Performance for Class I Shares that includes periods prior to 6/5/17 reflects the performance of one or more share classes of a predecessor fund, adjusted, where applicable and permitted, for differing fees and expenses. See the Fund's prospectus for further details.

CALENDAR YEAR PERFORMANCE

RETURNS-BASED STATISTICS

(As of 08/31/19 CLASS I SHARES)

RISK / REWARD
VS. RUSSELL 3000® GROWTH INDEX

3 YEAR 5 YEAR
Information Ratio -0.39 -
Alpha -0.17 -
Tracking Error 4.23 -
Beta 0.92 -
R-Squared (%) 90.10 -

UP AND DOWN MARKET CAPTURE (%)
VS. RUSSELL 3000® GROWTH INDEX

3 YEAR 5 YEAR
Up Capture Ratio 85.91 -
Down Capture Ratio 83.91 -

STANDARD DEVIATION

3 YEAR 5 YEAR
U.S. Growth Opportunities Fund 12.99 -
Russell 3000® Growth Index 13.43 13.06

SHARPE RATIO

3 YEAR 5 YEAR
U.S. Growth Opportunities Fund 1.03 -
Russell 3000® Growth Index 1.12 0.90

ANNUAL FEES & EXPENSES

(As of Fiscal Year End, 09/30/18)

CLASS I SHARES
Management Fees 0.75%
12b-1 Fees -
Other Expenses 2.82%
Total Gross Expenses 3.57%
Waivers -2.70%
Total Net Expenses 0.87%
Net expense ratios reflect the expense waiver, if any, contractually agreed to through 2/1/20.

Characteristics

Index represents the Russell 3000® Growth Index.

TOP HOLDINGS

(As of 08/31/2019)

% of Fund
Paycom Software Inc 4.48
Visa Inc 4.26
CoStar Group Inc 4.18
Fiserv Inc 3.90
Intuit Inc 3.76
Alphabet Inc 3.68
Danaher Corp 3.60
Adobe Inc 3.56
TJX Cos Inc 3.31
Walt Disney Co 3.30
TOTAL 38.03
View Full Holdings

PORTFOLIO CHARACTERISTICS

(As of 08/31/19)

FUND INDEX
Number of Holdings
Equity Issues
33
1670
Market Capitalization
Weighted Average
$131.76B
$301.29B
Portfolio Turnover Rate
(1-year trailing)
21.99%
-
Price/Earnings Ratio
(1-year forward)
33.69
28.86
Price/Book Ratio
(1-year forward)
10.16
8.74
Earnings Growth Rate
(1-year forward)
9.23%
9.36%

SECTOR ALLOCATION

(As of 08/31/19)

% OF FUND % OF INDEX
Information Technology 35.88 36.15
Consumer Discretionary 15.46 14.34
Health Care 14.81 15.30
Industrials 12.64 10.35
Communication Services 8.24 10.92
Materials 3.26 1.55
Consumer Staples 3.08 4.86
Financials 2.77 3.38
Cash & Equivalents 3.86 -

MARKET CAPITALIZATION RANGE OF EQUITY HOLDINGS

(As of 08/31/2019)

% OF FUND % OF INDEX
Over $100B 27.09 54.49
$50B to $100B 20.36 12.66
$10B to $50B 30.30 21.01
$5B to $10B 18.39 5.04

REGIONAL ALLOCATION

(As of 08/31/19)

% OF FUND % OF INDEX
North America 96.14 99.64
Cash & Equivalents 3.86 -

Commentary & Literature

Literature