Mutual Fund Daily Performance As Of

Fund Ticker Price Change
Institutional THBIX 18.12 0.44%
Investor THBVX 18.12 0.44%

For standard performance to the most recent quarter-end, please click here. Performance quoted is past performance and 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 of 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 click here

Fund Facts as of 10/17/2018

InstitutionalInvestor
TickerTHBIXTHBVX
CUSIP00769G65900769G642
Inception Date3/30/20123/30/2012
Sales ChargeNo LoadNo Load
Net Expense Ratio*1.25%1.75%
Gross Expense Ratio1.78%2.29%
Minimum Initial Investment2.29%$100
Subsequent Minimum Investments$2,500No Miniumum

* Waivers are contractual until March 29, 2019

Mutual Fund: Overview

The Fund seeks long term capital appreciation by using a disciplined, risk averse, time tested investment philosophy. We seek to identify and invest Fund assets in equity securities of smaller U.S. companies that, in our opinion, are undervalued in the market.

Our bottom up investment approach is “core” in nature and focuses on constructing a portfolio of companies that we feel meet our definition of higher quality, lower risk, and can self-finance their own growth through internally generated cash flow without expensing (i.e. diluting via share issuances or increased debt levels) us as equity owners These companies typically have strong management teams, trade below their intrinsic value, and possess the ability to generate superior operating metrics.

The following are the minimum investment requirements of our no load mutual funds. While it is no load, there may still be expenses associated with the fund:

THB MicroCap Fund (Investor Shares): $100
THB MicroCap Fund (Institutional Shares): $100,000

Check the background of SEI Investments Distribution Co. on FINRA’s BrokerCheck


To determine if the THB Microcap Fund is an appropriate investment for you, carefully consider the fund’s investment objective, risks, charges and expenses. This and other information can be found in the fund’s prospectus, which can be obtained here. Please read the prospectus carefully before investing.

There are risks involved with investing. Including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, form differences in generally accepted accounting principles or from social, economic or political instability in other nations.

The THB Microcap Fund is distributed by SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA, 19456). The Fund is managed by Thomson Horstmann & Bryant, Inc. SIDCO is not affiliated with Thomson Horstmann & Bryant.

Mutual Fund Daily Performance As Of

Fund Ticker Price Change
Institutional THBIX 18.12 0.44%
Investor THBVX 18.12 0.44%

For standard performance to the most recent quarter-end, please click here. Performance quoted is past performance and 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 of 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 click here

Fund Facts as of 10/17/2018

InstitutionalInvestor
TickerTHBIXTHBVX
CUSIP00769G65900769G642
Inception Date3/30/20123/30/2012
Sales ChargeNo LoadNo Load
Net Expense Ratio*1.25%1.75%
Gross Expense Ratio1.78%2.29%
Minimum Initial Investment2.29%$100
Subsequent Minimum Investments$2,500No Miniumum

* Waivers are contractual until March 29, 2019

Mutual Fund: Performance

Month-End Performance as of 06/30/2018

FUNDTICKERINCEP/STARTMTDQTDYTD1 YEAR3 YEAR**5 YEAR**SINCE INCEP**
InstitutionalTHBIX03/30/20121.29%8.64%10.83%18.64%14.71%11.14%13.70%
InvestorTHBVX03/30/20121.27%8.59%10.64%18.15%14.19%10.61%13.20%
Russell Microcap IndexRMC03/30/20121.30%9.97%10.71%20.21%10.49%12.78%13.78%
S&P 500SPX03/30/20120.61%3.43%2.64%14.37%11.94%13.42%13.46%

** Annualized

Quarter-End Performance as of 06/30/2018

FUNDTICKERINCEP/STARTQTDYTD1 YEAR3 YEAR**5 YEAR**SINCE INCEP**
InstitutionalTHBIX03/30/20128.64%10.83%18.64%14.71%11.14%13.70%
InvestorTHBVX03/30/20128.59%10.64%18.15%14.19%10.61%13.20%
Russell Microcap IndexRMC03/30/20129.97%10.71%20.21%10.49%12.78%13.78%
S&P 500SPX03/30/20123.43%2.64%14.37%11.94%13.42%13.46%

** Annualized

Year End Performance as of 12/31/2017

YEARTHBIXTHBVXRussell Microcap IndexS&P 500
201710.97%10.46%13.17%21.83%
20163.04%32.31%20.37%11.95%
2015-9.75%-10.14%-5.16%1.38%
2014-7.36%-7.84%3.65%13.68%
201352.07%51.41%45.62%32.38%

For standard performance to the most recent quarter-end, please click here. Performance quoted is past performance and 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 of 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 click here

The Russell Microcap Index is a market capitalization weighted index of 2,000 stocks that captures the smallest 1,000 companies in the Russell 2000 and 1,000 smaller US based listed stocks. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

The Standard & Poor’s 500 Index – S&P 500 is a market capitalization weighted index of the 500 largest U.S. publicly traded companies by market value. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.


To determine if the THB Microcap Fund is an appropriate investment for you, carefully consider the fund’s investment objective, risks, charges and expenses. This and other information can be found in the fund’s prospectus, which can be obtained here. Please read the prospectus carefully before investing.

There are risks involved with investing. Including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, form differences in generally accepted accounting principles or from social, economic or political instability in other nations.

The THB Microcap Fund is distributed by SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA, 19456). The Fund is managed by Thomson Horstmann & Bryant, Inc. SIDCO is not affiliated with Thomson Horstmann & Bryant.

Mutual Fund Daily Performance As Of

Fund Ticker Price Change
Institutional THBIX 18.12 0.44%
Investor THBVX 18.12 0.44%

For standard performance to the most recent quarter-end, please click here. Performance quoted is past performance and 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 of 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 click here

Fund Facts as of 10/17/2018

InstitutionalInvestor
TickerTHBIXTHBVX
CUSIP00769G65900769G642
Inception Date3/30/20123/30/2012
Sales ChargeNo LoadNo Load
Net Expense Ratio*1.25%1.75%
Gross Expense Ratio1.78%2.29%
Minimum Initial Investment2.29%$100
Subsequent Minimum Investments$2,500No Miniumum

* Waivers are contractual until March 29, 2019

Mutual Fund: Portfolio

Portfolio Characteristics as of 06/30/2018

THB MicroCap FundRussell Microcap Index
Weighted Market Cap (Billions)$621$595
Number of Holdings1011,548

The Russell Microcap Index is a market capitalization weighted index of 2,000 stocks that captures the smallest 1,000 companies in the Russell 2000 and 1,000 smaller US based listed stocks. Indices are unmanaged and do not include the effect of fees. One cannot invest directly in an index.

Top Portfolio Holdings as of 06/30/2018**

Holdings
Old Second Bancorp Inc
Mesa Laboratories Inc
Insteel Industries Inc
Graham Corp.
Allied Motion Technologies
Heritage Financial Corp.
Johnson Outdoors Inc-A
First Busey Corp.
U.S. Physical Therapy Inc
UFP Technologies

** Holdings are subject to change. Holdings are provided as of June 30, 2018, and represent the most recent information available to the public. The above listed top holdings represent 19.28% of the Fund’s portfolio (as of 06/30/2018)


To determine if the THB Microcap Fund is an appropriate investment for you, carefully consider the fund’s investment objective, risks, charges and expenses. This and other information can be found in the fund’s prospectus, which can be obtained here. Please read the prospectus carefully before investing.

There are risks involved with investing. Including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, form differences in generally accepted accounting principles or from social, economic or political instability in other nations.

The THB Microcap Fund is distributed by SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA, 19456). The Fund is managed by Thomson Horstmann & Bryant, Inc. SIDCO is not affiliated with Thomson Horstmann & Bryant.

Mutual Fund Daily Performance As Of

Fund Ticker Price Change
Institutional THBIX 18.12 0.44%
Investor THBVX 18.12 0.44%

For standard performance to the most recent quarter-end, please click here. Performance quoted is past performance and 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 of 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 click here

Fund Facts as of 10/17/2018

InstitutionalInvestor
TickerTHBIXTHBVX
CUSIP00769G65900769G642
Inception Date3/30/20123/30/2012
Sales ChargeNo LoadNo Load
Net Expense Ratio*1.25%1.75%
Gross Expense Ratio1.78%2.29%
Minimum Initial Investment2.29%$100
Subsequent Minimum Investments$2,500No Miniumum

* Waivers are contractual until March 29, 2019

Mutual Fund: Literature

Annual Report dated October 31, 2017
Prospectus
IRA Application — Institutional Class
IRA Application — Investor Class
IRA Asset Transfer/Direct Rollover Request
New Account Application — Institutional Class
New Account Application — Investor Class


To determine if the THB Microcap Fund is an appropriate investment for you, carefully consider the fund’s investment objective, risks, charges and expenses. This and other information can be found in the fund’s prospectus, which can be obtained here. Please read the prospectus carefully before investing.

There are risks involved with investing. Including possible loss of principal. In addition to the normal risks associated with investing, investments in smaller companies typically exhibit higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, form differences in generally accepted accounting principles or from social, economic or political instability in other nations.

The THB Microcap Fund is distributed by SEI Investments Distribution Co. (SIDCO, 1 Freedom Valley Drive, Oaks, PA, 19456). The Fund is managed by Thomson Horstmann & Bryant, Inc. SIDCO is not affiliated with Thomson Horstmann & Bryant.