Baywood Socially Responsible Fund
The Baywood Socially Responsible Fund is a SKBA
mutual fund that follows SKBA's
Socially Responsible Value strategy. Socially
Responsible Value is a value-oriented investment strategy which seeks to achieve long-term capital growth
by investing in undervalued equity securities while meeting our clients’ environmental, social, and governance
screening criteria. The strategy utilizes the firm’s established value approaches to select securities from a
socially screened universe.
Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is
available in the prospectus, a copy of which may be obtained from 855-409-2297.
Please read the prospectus carefully before investing.
Baywood Funds are advised by SKBA Capital Management, LLC and distributed by Foreside Fund Services, LLC.
Mutual fund investing involves risk including the possible loss of principal. The Fund primarily
invests in undervalued securities which may not appreciate in value as anticipated by the Adviser
or remain undervalued for longer than anticipated. The Fund may invest in American Depositary Receipts
(ADRs) which involves risks relating to political, economic or regulatory conditions in foreign countries
and may cause greater volatility and less liquidity. Socially responsible investment criteria may limit the
number of investment opportunities available to the Fund or it may invest a larger portion of its assets in
certain sectors which could be more sensitive to market conditions, economic, regulatory and environmental
developments. These factors could negatively impact the Fund's returns.
Share Classes
a
Ticker
Net Expense Ratio
Min. Initial Investment
Institutional Shares
BVSIX
0.89%
$10,000
The components of the
net expense ratio are described in the prospectus. The Fund's Gross Expense Ratio
is 3.03% for Institutional Shares and 3.98% for Investor Shares. The Fund's Net Expense Ratio,
(does not include "Acquired Fund Fees and Expenses") as the Adviser has contractually agreed to
waive and/or reimburse fees through January 31, 2020, is 1.14% for Investor Shares and
0.89% for Institutional Shares.
Performance as of 12/31/2019
Performance for periods greater than one year is annualized. The returns
presented for the Fund reflect the performance of the City National Rochdale Socially Responsible
Equity Fund, a series of City National Rochdale Funds (the “Predecessor Fund”). The Fund has adopted
the historical performance of the Predecessor Fund as the result of a reorganization in which the Fund
acquired all of the assets, subject to liabilities, of the Predecessor Fund, effective as of the
close of business on January 8, 2016.
The performance data quoted represents past performance. Past performance is no guarantee
of future results. Investment return and principal value will fluctuate, and shares, when
redeemed, may be worth more or less than their original cost.
The performance shown reflects fee waivers/reimbursements in effect,
without these waivers, performance would have been lower. Total returns are based on net change in
NAV with reinvestment of all dividends. Current performance may be lower or higher than the performance
data quoted. For performance current to the most recent month-end, please call 1-855-409-2297. The
Morningstar US Large Value Index and the MSCI KLD 400 Social Index are unmanaged indices. Individuals cannot invest in an index.
Reader should not assume that investments in the securities identified were or will be profitable. Holdings are subject to change.
Percent of total equity holdings, which are subject to change. Due to rounding, figures shown may or may not sum exactly to 100%
Fundamental Characteristics as of 12/31/2019
BSR = Baywood Socially Responsible Fund / MLV = Morningstar US Large Value / KLD = MSCI KLD 400 Social Index
Characteristic data is calculated by Factset and aggregate price ratios are calculated using weighted harmonic averages.
Price/Earnings (LTM): A valuation ratio of a company's current share price compared to its per-share earnings over the past 12 months.
Price/Sales (LTM): A valuation ratio of a company's current share price compared to its per-share sales over the past 12 months.
Factsheet