Segall Bryant & Hamill International Small Cap Fund

C000159728 Fund Overview

Segall Bryant & Hamill International Small Cap Fund is a US mutual fund managed by Investment Managers Series Trust, categorised as Emerging Markets Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Investment Managers Series Trust
• Category: Emerging Markets Small Cap Blend / Core Equity
• Assets under management: $280.63M
• SEC CIK: 0001318342
• SEC series ID: S000050604
• Share class ID: C000159728

C000159728 Investment Objective and Strategy

Segall Bryant & Hamill International Small Cap Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Investment Managers Series Trust.

Investment objective

"The investment objective of the Segall Bryant & Hamill International Small Cap Fund (the ""Fund"" or ""International Small Cap Fund"") is to seek long-term capital appreciation."

Principal investment strategy

"Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities, primarily common stock, of small capitalization companies located outside of the United States, including those in emerging markets. The Fund's advisor considers small capitalization companies to be companies with market capitalizations within the range of those companies included in the MSCI EAFE Small Cap Index at the time of purchase. Investments in companies that move above or below the capitalization range of the MSCI EAFE Small Cap Index may continue to be held by the Fund in the Fund advisor's sole discretion. As of December 31, 2017, the market capitalization of companies included in the MSCI EAFE Small Cap Index was between $93 million and $8 billion.

The Fund's advisor will consider the market capitalization range by country. The Fund's advisor considers a company to be outside of the United States if: (i) it is organized under the laws of a foreign country or maintains its principal offices or headquarters in a foreign country; (ii) its securities are principally traded in a foreign country; or (iii) it derives at least 50% of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country, or has at least 50% of its assets in a foreign country. The Fund will allocate its assets among various regions and countries including those in emerging markets. The Fund may purchase equity securities on exchanges where the companies are located, on exchanges other than where companies are domiciled (often traded as dual listed securities) or in the form of Depository Receipts, which include American Depository Receipts (""ADRs""), Global Depository Receipts (""GDRs"") or similar securities.

The Fund may also purchase participatory notes (commonly known as ""P-notes"") issued by foreign banks or brokers evidencing ownership of underlying stocks issued by a foreign company. This type of investment allows the Fund to have exposure to foreign securities without trading directly in the local market. The Fund may use derivatives such as swaps, options, futures, options on futures and P-notes to manage risk inherent in the Fund's portfolio (e.g., cash flows and currency exposure). The Fund may also enter into forward currency exchange contracts to hedge against uncertainty in the level of future foreign exchange rates in the purchase and sale of investment securities; it will not enter into such contracts for speculative purposes. Investments in P-notes, exchange-traded funds (""ETFs"") or derivatives, such as such as swaps, options, futures and options on futures, designed to provide exposure to indices comprised of small capitalization companies located outside of the United States, will be considered equity securities for purposes of meeting the Fund's 80% investment policy.

The Fund's advisor uses proprietary quantitative models to evaluate and select securities. The Fund's advisor evaluates and selects securities based on value, momentum and profitability models. The Fund may engage in active and frequent trading. The Fund's advisor generally will sell a security when, in its opinion, one or more of the following occurs, among other reasons: (1) the Advisor's estimate of full valuation is realized; (2) the Fund's position in a company becomes over-weighted due to appreciation; (3) a more attractive stock is identified (in which case a less attractive stock in the portfolio is sold); (4) there is change in a company's underlying fundamentals; or (5) the Fund requires cash to meet redemption requests."

C000159728 Costs and Fees

C000159728 costs about $128 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.28%
• Gross expense ratio: 1.44%
• Portfolio turnover: 111%
• Brokerage commissions: 13.63 bps of average net assets (SEC N-CEN)

C000159728 Cashflows

Over the 12 months to 2019-10, Segall Bryant & Hamill International Small Cap Fund had net inflows of $71.22M, from monthly SEC N-PORT filings.

C000159728 Debt Constituents

No individual debt constituents are reported in Segall Bryant & Hamill International Small Cap Fund's latest SEC N-PORT filing.

C000159728 Prospectus and SEC Filings

Official Segall Bryant & Hamill International Small Cap Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2018-03-16
• Prospectus supplement (497) — filed 2019-04-03
• Prospectus supplement (497) — filed 2017-06-27
• Portfolio holdings (N-PORT) — filed 2019-12-26
• Annual census (N-CEN) — filed 2020-01-14
• Annual census (N-CEN) — filed 2019-01-14

Related Funds

Other Emerging Markets Small Cap Blend / Core Equity funds tracked on ABC INVEST:

• Fidelity China Region Fund (FHKCX)
• Spdr® S&p® Emerging Markets Small Cap ETF (EWX)
• Hartford Emerging Markets Equity Fund (HERIX)
• iShares MSCI India Small-Cap ETF (SMIN)
• Matthews China Fund (MCHFX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.