ADDITIONAL INFORMATION
This contains important information about the Sparrow Growth Fund – Class A - SGFFX (the “Fund”) for the period September 1, 2025 to February 28, 2026.
You can find additional information about the Fund at www.sparrowcapital.com. You can also request this information by contacting us at 888-727-3301.
expense Information
What were the Fund costs for the past six months?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
| Sparrow Growth Fund – Class A | $86 | 1.76% |
*Annualized
Fund statistics
| PORTFOLIO | PORTFOLIO | ADVISORY FEES | |
| NET ASSETS: | HOLDINGS: | TURNOVER: | PAID BY FUND: |
| $68,808,856 | 79 | 10.33% | $365,021 |
SECTOR WEIGHTINGS
The following chart gives a visual breakdown of the Fund by the sectors the underlying securities represent as a percentage of the portfolio of investments.
top ten holdings
(% OF NET ASSETS)
| 1. | Alphabet, Inc. Class A | 8.90% |
| 2. | Walmart, Inc. | 6.82% |
| 3. | NVIDIA Corp. | 6.00% |
| 4. | Meta Platforms, Inc. Class A | 5.20% |
| 5. | Apple, Inc. | 5.13% |
| 6. | Amazon.com, Inc. | 4.72% |
| 7. | American Express Co. | 4.58% |
| 8. | Microsoft Corp. | 4.31% |
| 9. | Netflix, Inc. | 3.87% |
| 10. | Berkshire Hathaway, Inc. Class B | 3.70% |
| Total % of Net Assets | 53.23% |
Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Sparrow Growth Fund documents not be householded, please contact Sparrow Funds at 888-727-3301, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Sparrow Funds or your financial intermediary.
ADDITIONAL INFORMATION
This contains important information about the Sparrow Growth Fund – Class C - SGFCX (the “Fund”) for the period September 1, 2025 to February 28, 2026.
You can find additional information about the Fund at www.sparrowcapital.com. You can also request this information by contacting us at 888-727-3301.
expense Information
What were the Fund costs for the past six months?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
| Sparrow Growth Fund – Class C | $111 | 2.27% |
*Annualized
Fund statistics
| PORTFOLIO | PORTFOLIO | ADVISORY FEES | |
| NET ASSETS: | HOLDINGS: | TURNOVER: | PAID BY FUND: |
| $68,808,856 | 79 | 10.33% | $365,021 |
SECTOR WEIGHTINGS
The following chart gives a visual breakdown of the Fund by the sectors the underlying securities represent as a percentage of the portfolio of investments.
top ten holdings
(% OF NET ASSETS)
| 1. | Alphabet, Inc. Class A | 8.90% |
| 2. | Walmart, Inc. | 6.82% |
| 3. | NVIDIA Corp. | 6.00% |
| 4. | Meta Platforms, Inc. Class A | 5.20% |
| 5. | Apple, Inc. | 5.13% |
| 6. | Amazon.com, Inc. | 4.72% |
| 7. | American Express Co. | 4.58% |
| 8. | Microsoft Corp. | 4.31% |
| 9. | Netflix, Inc. | 3.87% |
| 10. | Berkshire Hathaway, Inc. Class B | 3.70% |
| Total % of Net Assets | 53.23% |
Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Sparrow Growth Fund documents not be householded, please contact Sparrow Funds at 888-727-3301, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Sparrow Funds or your financial intermediary.
ADDITIONAL INFORMATION
This contains important information about the Sparrow Growth Fund – No-Load Class - SGNFX (the “Fund”) for the period September 1, 2025 to February 28, 2026.
You can find additional information about the Fund at www.sparrowcapital.com. You can also request this information by contacting us at 888-727-3301.
expense Information
What were the Fund costs for the past six months?
(based on a hypothetical $10,000 investment)
| Fund Name | Costs of a $10,000 investment | Costs paid as a percentage of a $10,000 investment* |
| Sparrow Growth Fund – No-Load Class | $61 | 1.26% |
*Annualized
Fund statistics
| PORTFOLIO | PORTFOLIO | ADVISORY FEES | |
| NET ASSETS: | HOLDINGS: | TURNOVER: | PAID BY FUND: |
| $68,808,856 | 79 | 10.33% | $365,021 |
SECTOR WEIGHTINGS
The following chart gives a visual breakdown of the Fund by the sectors the underlying securities represent as a percentage of the portfolio of investments.
top ten holdings
(% OF NET ASSETS)
| 1. | Alphabet, Inc. Class A | 8.90% |
| 2. | Walmart, Inc. | 6.82% |
| 3. | NVIDIA Corp. | 6.00% |
| 4. | Meta Platforms, Inc. Class A | 5.20% |
| 5. | Apple, Inc. | 5.13% |
| 6. | Amazon.com, Inc. | 4.72% |
| 7. | American Express Co. | 4.58% |
| 8. | Microsoft Corp. | 4.31% |
| 9. | Netflix, Inc. | 3.87% |
| 10. | Berkshire Hathaway, Inc. Class B | 3.70% |
| Total % of Net Assets | 53.23% |
Householding
To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Sparrow Growth Fund documents not be householded, please contact Sparrow Funds at 888-727-3301, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Sparrow Funds or your financial intermediary.