Fund Evaluator:
Barrett Opportunity Retail (SAOPX)
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Best Performing in Large Blend Over the Last Year
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Fund Details
Barrett Opportunity Retail Overview
Barrett Opportunity Retail (SAOPX) is an actively managed U.S. Equity Large Blend fund. Segall Bryant & Hamill launched the fund in 1979.
The investment seeks to achieve above average long-term capital appreciation; current income is a secondary objective. The fund invests primarily in common stocks. The Adviser evaluates companies of all sizes, the Advisor intends to invest primarily in companies with medium market capitalizations and large market capitalizations. The fund is non-diversified.
About Barrett Opportunity Retail (SAOPX)
There are 2 members of the management team with an average tenure of 10.80 years: E. Beck (2010), Amy Kong (2021). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Barrett Opportunity Retail has 18 securities in its portfolio. The top 10 holdings constitute 88.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Barrett Opportunity Retail is part of the Equity global asset class and is within the U.S. Equity fund group. Barrett Opportunity Retail has 10.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 89.1%. There is 10.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Barrett Opportunity Retail has 0.6% of the portfolio in cash.
Assets Under Management
The fund has $22 million in total assets, which is below the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
SAOPX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Barrett Opportunity Retail expense ratio is high compared to funds in the Large Blend category. Barrett Opportunity Retail has an expense ratio of 0.99%, which is 22% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Barrett Opportunity Retail has a portfolio turnover rate of 3%, indicating that holds its assets around 0.3 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of July 2026, Barrett Opportunity Retail returned 10.2%, which earned it a grade of A, as the Large Blend category had an average return of 0.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Barrett Opportunity Retail has a trailing yield of 0.57%, which is above the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Barrett Opportunity Retail Grades
Year to date, the fund has returned 14.4%, 5.1 percentage points better than the category, which translates into a grade of A. The fund has returned 28.0% over the past year (grade of A), 19.1% over the past three years (grade of B) and 14.1% per year over the past five years (grade of A) and 12.8% per year over the past 10 years (grade of D).
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SAOPX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| SAOPX Return (NAV) | 10.2% | 7.1% | 28.0% | 19.1% | 14.1% | 12.8% |
| SAOPX Grade | A | A | A | B | A | D |
| +/- Category | 9.8% | 3.0% | 10.5% | 1.8% | 3.0% | -0.9% |
| Large Blend Avg | 0.4% | 4.1% | 17.5% | 17.3% | 11.1% | 13.7% |
| SAOPX Tax Cost Ratio | na | na | 7.5% | 7.7% | 6.2% | 4.5% |
SAOPX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| SAOPX Return (NAV) | 14.4% | 12.8% | 22.6% | 17.7% | -6.3% | 31.8% | 1.2% | 19.9% | -9.3% | 20.6% | 17.5% |
| SAOPX Grade | A | F | C | F | A | A | F | F | F | D | A |
| +/- Category | 5.1% | -3.0% | 0.6% | -6.0% | 11.0% | 5.3% | -16.3% | -9.9% | -3.5% | -0.7% | 7.3% |
| Large Blend Avg | 9.3% | 15.8% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 12.3% |
| Total Risk Index: | 1.00 - Average |
| Category Risk Index: | 0.93 - Low |
| Category Risk Grade: | A (18% Rank) |
| Beta: | 0.66 |
| R-Squared: | 49% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Value |
| Bond Investment Style: | na |
| Yield: | 0.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $22 Mil |
| Fund Total Assets: | $ 22 Mil |
| Share Class Type: | No Load |
| Portfolio Turnover: | 3% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 16.3 years | |||
| Average Tenure: 10.8 years | |||
| Managers (Year): Beck E. (2010), Kong Amy (2021) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 18 |
| % in Top 10 Holdings: | 88.0% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 10.4% |
Portfolio Allocation |
|
| Domestic Stock: | 89.1% |
| Foreign Stock: | 10.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.6% |
Purchase Information
| Fund Family: | Segall Bryant & Hamill |
| Phone Number: | 800-392-2673 |
| Website: | www.westcore.com |
| Status: | Open |
| Inception Date: | February 28, 1979 |
| Min. Initial Purchase: | $2,500 |
| Min. Initial IRA Purchase: | $1,000 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.99% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Barrett Opportunity Retail |
| Min. Subsequent Purchase: | $ 25 |
| Min. Subsequent IRA Purchase: | $ 25 |
