Equity Income Fund
Average Annualized Quarter-End Performance as of 09/30/2017
|Geneva Advisors Equity Income Fund I||3.51%||14.95%||18.62%||6.19%||9.97%||11.02%|
|Geneva Advisors Equity Income Fund R||3.43%||14.67%||18.25%||5.81%||9.58%||10.64%|
|Russell 1000® Index||4.48%||14.17%||18.54%||10.63%||14.27%||13.02%|
|S&P 500® Index||4.48%||14.24%||18.61%||10.81%||14.22%||13.05%|
Average Annualized Month-End Performance as of 09/30/2017
|Geneva Advisors Equity Income Fund I||0.68%||3.51%||14.95%||18.62%||6.19%||9.97%||11.02%|
|Geneva Advisors Equity Income Fund R||0.67%||3.43%||14.67%||18.25%||5.81%||9.58%||10.64%|
|Russell 1000® Index||2.13%||4.48%||14.17%||18.54%||10.63%||14.27%||13.02%|
|S&P 500® Index||2.06%||4.48%||14.24%||18.61%||10.81%||14.22%||13.05%|
Gross Expense Ratio - Class I: 1.42% Net Expense Ratio - Class I: 1.11%
Gross Expense Ratio - Class R: 1.76% Net Expense Ratio - Class R: 1.46%
Pursuant to an operating expense limitation agreement between the Fund’s investment adviser, Geneva Advisors, LLC (“the Adviser”) and the Fund, the Adviser has contractually agreed to waive its management fees and/or reimburse expenses of the Fund to ensure that Total Annual Fund Operating Expenses (exclusive of interest, acquired fund fees and expenses, leverage (i.e. any expenses incurred in connection with borrowings made by the Fund), and tax expenses, dividends and interest expenses on short positions, brokerage commissions and extraordinary expenses) do not exceed 1.45% for Class R shares and 1.10% for Class I shares of the Fund’s average net assets, through December 29, 2017. The current operating expense limitation agreement can be terminated only by, or with the consent of, the Trust’s Board of Trustees (the “Board of Trustees”). The Adviser is permitted to be reimbursed for management fee reductions and/or expense payments made in the prior three fiscal years, if such reimbursements will not cause the Fund to exceed the lesser of: (1) the expense limitation in place at the time of the waiver; or (2) the expense limitation in place at the time of the recoupment. The Net Expense Ratio is applicable to investors.
Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month-end may be obtained by clicking on the "month-end" tab in the table above. Performance data quoted does not reflect the 2.00% redemption fee on shares redeemed within 60 days of purchase. If reflected, total returns would be reduced.
Top Ten Holdings as of 8/31/17
|JPMorgan Chase & Co.||5.37%|
|American Tower Corp.||4.95%|
|Brookfield Infrastructure Partners LP||4.48%|
|The Blackstone Group LP||3.98%|
|Microchip Technology, Inc.||3.68%|
Sector Weightings as of 8/31/17
Fund holdings and asset allocations are subject to change and are not recommendations to buy or sell any security.
Sector classifications are generally determined by referencing the Global Industry Classification Standard (GICS®). GICS was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poors Financial Services LLC (S&P). GICS is a service mark of MSCI and S&P and has been licensed for use by Geneva Advisors, LLC.
Active Share: Measures the degree of difference between a fund portfolio and its benchmark index.
The S&P 500® Index is a broad based unmanaged index of 500 stocks, which is widely recognized as representative of the equity market in general. The Russell 1000® Index is an index of approximately 1,000 of the largest companies in the U.S. equity markets, the Russell 1000 is a subset of the Russell 3000 Index. You cannot invest directly in an index.