About SGPGX
SGI Prudent Growth Fund is a moderate allocation mutual fund designed to achieve long-term capital appreciation. Managed by Summit Global Investments and launched in 2020, the fund adopts an asset allocation strategy by investing in a blend of affiliated and unaffiliated open-end mutual funds and exchange-traded funds (ETFs). This structure provides diversified exposure across large-cap equities, global equities, fixed income, and alternative strategies, helping to balance risk and potential return. Notable features include a high concentration in its top holdings and a portfolio turnover indicative of active management. The fund may focus investments in specific industries or sectors to capitalize on market momentum or in response to economic or geopolitical changes. Additionally, the fund may consider environmental, social, and governance (ESG) factors in its investment process, depending on the underlying funds. With a higher-than-average expense ratio relative to peers and a moderate yield, this fund occupies a niche within the moderate allocation space, serving investors seeking diversified, professionally managed growth solutions with a focus on risk-adjusted returns.
Fund Family Summit Global Investments
Category Allocation--50% to 70% Equity
Performance Rating Low
Risk Rating Low
Stock Exchange NASDAQ
Ticker Symbol SGPGX
Share Class Class I Shares
Index Lipper US Index - S&P 500 Index Funds
SGPGX had a total return of 10.83% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.32%.
