U.S. Equity Fund

The Fund’s objective seeks to provide long-term capital appreciation by investing in a concentrated portfolio of Small to Mid-Cap U.S. companies.

Portfolio Managers

MICHAEL COOK    Founder, CEO, Co-CIO

View Biography

 PHILLIP COOK                 Co-CIO & Principal

  View Biography

FUND FACTS

Share Class

Ticker

Inception Date

Expense Ratio (Gross/Net)

Minimum Initial Investment

12b-1 Fees

Class N

SSEFX

04/10/2012

1.48%/1.34%*

$2,000

0.25%

Class I

SSEIX

04/10/2012

1.23%/1.09%*

$100,000

*Contractual waivers are in effect through February 16, 2022.

CHARACTERISTICS as of 09/30/2021

Fund

Fund Assets

Holdings

5-Year Turnover

Weighted Avg. Market Cap

U.S. Equity Fund

$48 million

21

28.4%

$7.6 billion

Fund Information

  • The Fund generally invests in companies with market capitalizations within the trailing twelve month range of the Russell 2500 Index (at initiation of position).
  • The Fund typically invests in companies the manager believes are niche dominant and attractively valued with financial flexibility and uniquely fitted management teams.
  • We seek to invest in companies which we believe have 50-100% upside over a 3-5 year time period at initial purchase.
Before investing in any SouthernSun funds, you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. The Prospectus and Summary Prospectus contain this and other important information. Please read the Prospectus and Summary Prospectus carefully before investing.

PRICES

As of 10/21/2021

Ticker

NAV

Daily Change ($)

SSEFX

$17.82

+$0.07

SSEIX

$17.76

+$0.06

 

PERFORMANCE

Month-end Performance as of 09/30/2021

1 Month

QTD

YTD

1 Year

3 Year

5 Year

Since Inception

SSEFX (%)

-3.86

-3.65

14.30

44.01

9.00

8.14

8.74

SSEIX (%)

-3.87

-3.66

14.50

44.35

9.27

8.41

9.02

Russell 2500 (%)

-3.15

-2.68

13.83

45.03

12.47

14.25

13.67

Russell 2500 Value (%)

-2.67

-2.07

20.14

54.38

8.87

10.49

11.72

Quarter-end Performance as of 09/30/2021

1 Month

QTD

YTD

1 Year

3 Year

5 Year

Since Inception

SSEFX (%)

-3.86

-3.65

14.30

44.01

9.00

8.14

8.74

SSEIX (%)

-3.87

-3.66

14.50

44.35

9.27

8.41

9.02

Russell 2500 (%)

-3.15

-2.68

13.83

45.03

12.47

14.25

13.67

Russell 2500 Value (%)

-2.67

-2.07

20.14

54.38

8.87

10.49

11.72

Calendar year performance

2020

2019

2018

2017

2016

2015

2014

2013

SSEFX (%)

13.10

31.27

-23.38

10.41

16.35

-10.82

1.12

36.45

SSEIX (%)

13.75

31.60

-23.13

10.67

16.60

-10.60

1.35

36.84

Russell 2500 (%)

19.99

27.77

-10.00

16.81

17.59

-2.90

7.07

36.80

Russell 2500 Value (%)

4.88

23.56

-12.36%

10.36

25.20

-5.49

7.11

33.32

SSEFX: SouthernSun U.S. Equity Fund (N). Inception Date: April 10, 2012
SSEIX: SouthernSun U.S. Equity Fund (I). Inception Date: April 10, 2012
The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the 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. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns of the Fund are net of expenses, and the returns of the indices exclude expenses. One‐year, three‐year, five‐year, ten‐year, and since inception returns are annualized averages and do not mean the manager achieved the stated return in each year. Periods less than one year are not annualized. The performance information shown for periods prior to February 16, 2021 is that of the predecessor to the Fund, AMG SouthernSun U.S. Equity Fund, a series of AMG Funds LLC, which was reorganized into the Fund on February 16, 2021, and was managed by AMG Funds LLC and sub-advised by SouthernSun Asset Management, LLC with the same investment objective and substantially similar investment policies as those of the Fund. The performance information shown for periods prior to March 31, 2014 is that of the predecessor to the Fund, SouthernSun U.S. Equity Fund, a series of Northern Lights Fund Trust, which was reorganized into the Fund on March 31, 2014, and was managed by SouthernSun Asset Management, LLC with the same investment objective and substantially similar investment policies as those of the Fund. 

HOLDINGS as of 06/30/2021

Ticker 

Name 

GICS Sector 

% of Fund 

DAR

Darling Ingredients, Inc.

Consumer Staples

6.81%

BCO

The Brink's Co.

Industrials

6.78%

THO

Thor Industries, Inc.

Consumer Discretionary

6.33%

PII

Polaris, Inc.

Consumer Discretionary

5.77%

TKR

Timken Co.

Industrials

5.37%

AWI

Armstrong World Industries, Inc.

Industrials

5.27%

DY

Dycom Industries, Inc.

Industrials

5.25%

CR

Crane Co.

Industrials

4.88%

UNVR

Univar Solutions USA Inc.

Industrials

4.87%

BR

Broadridge Financial Solutions, Inc.

Information Technology

4.78%

WSO

Watsco, Inc.

Industrials

4.47%

WU

Western Union Co.

Information Technology

3.82%

MOH

Molina Healthcare, Inc.

Health Care

3.82%

TMX

Terminix Global Holdings, Inc.

Consumer Discretionary

3.80%

MUSA

Murphy USA, Inc.

Consumer Discretionary

3.49%

FHN

First Horizon Corp.

Financials

3.15%

CLH

Clean Harbors, Inc.

Industrials

2.98%

AGCO

AGCO Corp.

Industrials

2.83%

WRK

WestRock Co.

Materials

2.77%

CCMP

CMC Materials, Inc.

Information Technology

2.75%

IEX

IDEX Corp.

Industrials

2.57%

Cash & Equivalents

Cash

7.44%

The above holdings do not represent all of the securities purchased, sold, or recommended for the Fund. Discussion of particular investments is not a recommendation to buy or sell any security and holdings are subject to change.

DISTRIBUTIONS

Class N Distributions

Ex-Date

Total Distribution

Income

Short-term Cap Gains

Long-term Cap Gains

16-Dec-20

$0.0566

$0.0566

-

-

16-Dec-19

$0.1256

$0.1256

-

-

27-Dec-18

$0.7198

$0.0472

-

$0.6726

27-Dec-17

$0.0022

$0.0022

-

-

27-Dec-16

$0.0178

$0.0178 

-

-

28-Dec-15

$0.5057

$0.0243 

-

$0.4814

26-Dec-14

$0.3224

-

$0.1521

$0.1703

27-Mar-14

$0.0888 

-

$0.0042

$0.0846

20-Dec-13

$0.1728

$0.0143

$0.0750

$0.0835

20-Dec-12

$0.8879

$0.0707

$0.1392

$0.6780

Class I Distributions

Ex-Date

Total Distribution 

Income

Short-term Cap Gains

Long-term Cap Gains

16-Dec-20

$0.0935

$0.0935

-

-

16-Dec-19

$0.1532

$0.1532

-

-

27-Dec-18

$0.8110 

$0.1384

-

$0.6726

27-Dec-17

$0.0478 

$0.0478 

-

-

27-Dec-16

$0.0500 

$0.0500 

-

-

28-Dec-15

$0.5602 

$0.0759

-

$0.4843

26-Dec-14

$0.3369

$0.0142 

$0.1524

$0.1703 

27-Mar-14

$0.0954

$0.0066

$0.0042

$0.0846

20-Dec-13

$0.1848

$0.0263

$0.0750

$0.0835

20-Dec-12

$0.8997

$0.0825 

$0.1392

$0.6780

Statements received directly from the account custodian should be regarded as the official record for a client’s account. This information is being furnished to you for informational purposes only and should not be solely relied upon when making an investment decision. All information has been obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed.
Small- and Mid-Capitalization Companies Risk — The small- and mid-capitalization companies in which the Fund may invest may be more vulnerable to adverse business or economic events than larger, more established companies. In particular, investments in these small- and mid-sized companies may pose additional risks, including liquidity risk, because these companies tend to have limited product lines, markets and financial resources, and may depend upon a relatively small management group. Therefore, small- and mid-cap stocks may be more volatile than those of larger companies. These securities may be traded over-the-counter or listed on an exchange.
Non-Diversified Fund Risk— The Fund is classified as “non-diversified,” which means it may invest a larger percentage of its assets in a smaller number of issuers than a diversified fund. To the extent that the Fund invests its assets in a smaller number of issuers, the Fund will be more susceptible to negative events affecting those issuers than a diversified fund.
Regulatory Disclosures:
This material is provided for informational purposes only and is only directed at persons who may lawfully receive it. You should satisfy yourself that you are lawfully permitted to receive this. This material is not intended to be relied upon as a forecast or research and is not a recommendation, offer or solicitation to buy or sell any securities or to adopt any investment strategy nor is it investment advice. Past performance is not a reliable indicator of future performance. SouthernSun Asset Management, LLC is registered with the United States Securities and Exchange Commission (“SEC”) as an investment adviser.
The SouthernSun funds are distributed by SEI Investments Distribution Co. (SIDCO). The Funds are managed by SouthernSun Asset Management, LLC. SIDCO is not affiliated with SouthernSun Asset Management, LLC or any of its affiliates. SIDCO is a member of FINRA/SIPC. FINRA Broker Check.