18th July 2019

Portfolio Managers: Daniel GoldFarb, Chris Crooks
Market Cap (average): Typically between $900 million and $1 Billion
Tickers: Investor share classes – AOMAX, Institutional share class – AOMCX
Inception Date: March 31, 2011

The Small Cap Opportunities product is run by a portfolio management team that averages 20 years experience and has been working together on this strategy for over 10 years. They emphasize fundamental security analysis that is driven by internal research. The team consists of diverse sector specialists that have a quality orientation emphasizing earnings, return on investment capital, growth, corporate strategy and management strength.

In seeking to identify investment opportunities for the Fund’s portfolio, the portfolio managers begin with an initial investment universe generated from a broad number of sources including but not limited to industry referrals, previous knowledge of the company and rigorous due diligence such as company visits. The portfolio managers then evaluate each identified stock for desirable growth and value characteristics such as: high return on equity and assets; free cash flow; revenues and earnings per share growth; high interest coverage; and low price earnings and price-to-book ratios. This evaluation results in a focused list of stocks that the portfolio managers then subject to a deeper fundamental analysis focusing on both specific company and stock characteristics. In particular, the portfolio managers seek companies displaying sustainable competitive advantage; strong management; long product cycles; and pricing flexibility. The Portfolio Managers also perform due diligence on individual companies, which may include meeting directly with company management teams, talking with competitors and suppliers, and utilizing sell side research as a gauge of internal research findings. With respect to specific stock characteristics, the portfolio managers seek high sustained return on investment; above average earnings per share growth; and attractive valuation. The resulting portfolio is expected to include 40-70 positions. After constructing the Fund’s portfolio, the portfolio managers will seek to mitigate risk through asset diversification and limits on individual position sizes, as well as the monitoring of absolute and relative sector weights.

Fees & Expenses I shares Investor shares
Initial minimum investment $100,000 $2,500
Subsequent minimum investment $10,000 $100
Management fee 1.00% 1.00%
Front end charge None None
Gross Expenses 1.36% 1.61%
Net Expense (after waiver) 1.36% 1.61%

AlphaOne Funds are distributed by SEI Investment Distribution CO. (SIDCO), which is not affiliated with AlphaOne Investment Services, LLC or any of its affiliates.  Check the background of SIDC on FINRA’s Brokercheck.

Small Cap Opportunities was formerly known as Micro Cap Equity Fund.

The 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 and current performance may be lower or higher than the performance quoted. For performance data current to the most recent month end, please call (855) 4-ALPHAONE (1.855.425.7426).

The gross expense ratios for Small Cap Opportunities Fund Investor and Institutional Shares are 1.61% and 1.36% respectively. Returns do not reflect the effect of a 2.00% redemption fee which is incurred on shares held less than 90 days.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges, and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained from the link above. Read the prospectus carefully before investing or sending money.

Mutual fund investing involves risk including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. There can be no assurance that the Fund will achieve its stated objectives.

AlphaOne mutual funds are available to U.S. residents only.

The Russell 2000® Index measures the performance of the smallest 2,000 U.S. companies within the Russell 3000® Index, based on total market capitalization. Index returns do not reflect any management fees, transaction costs, or expenses. It is not possible to invest in an index.

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