IronBridge Small Cap Fund

Quarterly Review

Holdings Data as of March 31, 2017

Portfolio Characteristics as of March 31, 2017
Name IronBridge Fund
Median Mkt Cap ($millions) $3,307.90
P/E Ratio25.96x
Price/Book2.61x
Top 10 Holdings as of March 31, 2017
NamePercentage
Vail Resorts Inc2.51%
American Financial Group Inc/OH2.49%
Jack Henry & Associates Inc2.20%
Banner Corp2.00%
Tractor Supply Co1.99%
UGI Corp1.97%
West Pharmaceutical Services Inc1.97%
Investors Bancorp Inc1.83%
Curtiss-Wright Corp1.74%
Cullen/Frost Bankers Inc1.59%
Sector Weightings as of March 31, 2017
Name IronBridge Fund
Energy3.75%
Materials5.22%
Industrials15.42%
Consumer Discretionary11.51%
Consumer Staples2.48%
Health Care13.65%
Financials19.57%
Information Technology16.48%
Utilities2.97%
Real Estate6.11%
Cash / Other 2.85%
Portfolio Characteristics Definitions

P/E Ratio

The Price-to-Earnings ratio is a company's current share price compared to its per-share earnings. It is calculated by dividing the Market Value per Share by the Earnings per share.

Price Book

The P/B ratio is used to compare a stock's market value to its book value. It is calculated by dividing the current closing price of the stock by the latest quarter's book value per share.

Principal Investment Risks

Market Risk

The general level of stock prices as a whole could decline, causing a decline in the value of your investment.

Small-to-Medium Capitalization Risk

The Small Cap Fund invests primarily in small-capitalization stocks. Securities of companies with small-to-medium market capitalizations are often more volatile, less liquid and more susceptible to market pressures than securities of larger issuers.

Stock Selection Risk

Individual stocks may decline in value or not increase in value, even when the stock market in general is rising.

Liquidity Risk

The Adviser may not be able to sell the Small Cap Fund’s securities at a time or at a price would benefit the Fund.

Equity Securities Risk

Common equity stocks are subject to greater volatility and chance of decline than other securities, such as fixed-income securities.

Management Risk

There is no guaranty that the Adviser will choose investments that increase in value.

Growth Investing Risk

Growth companies are generally more susceptible than established companies to market events and sharp declines in value.

Value Investing Risk

Value stocks may not increase in price, may not issue the anticipated stock dividends or may decline in price, based upon the market’s belief of the issuer’s intrinsic worth.

American Depository Receipt (ADR) / Global Depository Receipt (GDR) Risk

ADRs are receipts issued by US banks evidencing ownership in securities of foreign issuers, and GDRs are receipts issued by banks in more than one country evidencing ownership in securities of foreign issuers. Securities of foreign issuers, and consequently ADRs and GDRs, may decrease in value due to changes in currency exchange rates, the economic climate in the issuer’s home country or for a variety of other reasons.

Loss of Money Risk

Loss of money is a risk of investing in the Small Cap Fund.

Financial Service Risk

Investing a significant portion of assets in the financial services sector may cause the Small Cap Fund to be more sensitive to the risks and concerns facing financial companies.

Median Market Cap

This is the market cap of a company that is exactly halfway between the two companies with the highest and the lowest market caps in the portfolio.

Book Value

The value at which an asset is carried on a balance sheet. To calculate, take the cost of an asset minus the accumulated depreciation.

Cash Flow

Measures the cash generating capability of a company by adding non-cash charges (e.g. depreciation) and interest expense to pretax income.

Mutual fund investing involves risk; principal loss is possible. Each Fund's investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the IronBridge Funds and it may be obtained by calling (877) 861-7714 or by downloading from this website. Read the prospectus carefully before investing.

Fund holdings and fund weightings are subject to change and are not recommendations to buy or sell any security. Current and future holdings are subject to risk.

Information contained on this Website does not constitute an offer to sell, or a solicitation of an offer to buy shares of any of the IronBridge Funds, nor shall any such shares be offered or sold to any person in any jurisdiction in which such offer, solicitation, purchase, or sale would be unlawful under the securities laws of such jurisdiction. The IronBridge Funds are not offered in countries other than the United States and its territories.

The IronBridge Funds, Inc. are distributed by Quasar Distributors, LLC.