SBFAX – 1919 Financial Services A Investment Strategy | Morningstar

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Strategy

The investment seeks long-term capital appreciation by investing primarily in common stocks. The fund normally invests at least 80% of its net assets in equity securities of issuers in the financial services industry that the Adviser believes are undervalued and thus may offer above-average potential for capital appreciation. It may invest its assets in securities of foreign financial services companies. The fund may invest in fixed income securities, including high yield securities or "junk bonds". It may invest in shares of open-end funds or ETFs.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LMRIX	1919 Financial Services Fund Class I	Institutional	Open			Mar 25, 2008	$27.01M	1.230%	High	$1M	−$8.74M
SBFAX	1919 Financial Services Fund Class A	Front Load	Open			Nov 16, 1998	$56.29M	1.460%	Above Average	$1,000	−$13.68M
SFSLX	1919 Financial Services Fund Class C	Level Load	Open			Nov 16, 1998	$6.33M	2.200%	Above Average	$1,000	−$3.48M

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