SBH hired as Sub-Advisor to Litman Gregory Masters Smaller Companies Fund

WALNUT CREEK, Calif.Effective June 19, 2017, Litman Gregory Fund Advisors has hired Segall Bryant & Hamill as a sub-advisor to the Litman Gregory Masters Smaller Companies Fund. Segall Bryant & Hamill is an independent investment firm based in Chicago, Illinois with offices in St. Louis, Missouri; Philadelphia, Pennsylvania; and Naples, Florida.

The Litman Gregory Masters Smaller Companies Fund is a core smaller-cap equity fund that provides access to the highest-conviction investment ideas of a group of highly skilled managers with different stock-picking styles. Segall Bryant & Hamill replaces First Pacific Advisors (FPA) and will represent one-third of fund assets, a weighting equal to the fund’s two other sub-advisors, Jeffrey Bronchick of Cove Street Capital and Dick Weiss of Wells Capital Management. FPA has been a manager on the fund since its 2003 inception and we appreciate their partnership and contributions to the portfolio.

Mark Dickherber, CFA, CPA, and Shaun Nicholson will be the co-portfolio managers for Segall Bryant & Hamill on the Smaller Companies account.

“We have been impressed with the co-managers of the small-cap value team at Segall Bryant & Hamill for several years,” said Jack Chee, Litman Gregory Principal and Co-Portfolio Manager. “We think their edge lies in their focus on identifying the potential for significant improvement in a company’s return on invested capital, and more specifically, positive change with respect to company management’s capital allocation decisions, which is often a precursor to sustainably higher levels of profitability.” Litman Gregory Chief Investment Officer and Co-Portfolio Manager, Jeremy DeGroot, added, “we are particularly excited to have the team manage a very focused portfolio of only their highest-conviction stocks for the fund.”

Investing in small companies subjects investors to additional risks, including security price volatility and less liquidity than investing in larger companies. Multi-investment management styles may lead to higher transaction expenses compared to single investment management styles. Outcomes depend on the skill of the sub-advisors and advisor and the allocation of assets amongst them.

Small-cap, mid-cap, and large-cap companies have market capitalizations of less than $3.9b; from $3.9b to $26.3b; and greater than $26.3b, respectively. Market cap breakouts are based on the Russell index reconstitution as of June 30, 2016.

Click here for index definitions. For industry terms and definitions, click here.

Mutual fund investing involves risk. Principal loss is possible.

Past performance is not a guarantee of future results.

© 2017 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Litman Gregory Masters Funds are distributed by ALPS Distributors, Inc.

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