0000357204 2026-06-30 2026-06-30 0000357204 sbh:S000065430Member 2026-06-30 2026-06-30 0000357204 sbh:S000065430Member sbh:C000211583Member 2026-06-30 2026-06-30 0000357204 sbh:S000065430Member sbh:C000211584Member 2026-06-30 2026-06-30 iso4217:USD pure false 497 N-1A 0000357204 <img alt="" src="image_002.gif"/> SEGALL BRYANT & HAMILL TRUST Segall Bryant & Hamill Emerging Markets Fund (Ticker Symbol: Retail - SBHEX; Institutional - SBEMX) Supplement dated June 30, 2026 to the Summary Prospectus, Prospectus and Statement of Additional Information, each dated April 30, 2026, as supplemented This supplement provides new and additional information beyond that contained in the Segall, Bryant & Hamill Emerging Markets Fund’s (the “Fund”) Summary Prospectus, Prospectus and Statement of Additional Information (“SAI”) and should be read in conjunction with the Summary Prospectus, Prospectus and SAI for the Fund. Effective June 30, 2026, the following sections are deleted and replaced as indicated below. The section titled “Fees and Expenses of the Fund” on page 22 of the Fund’s Prospectus is deleted and replaced with the following: Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. <table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-top: #000000 1pt solid; border-left: #000000 1pt solid; vertical-align: bottom"><p id="xdx_98C_eoef--ShareholderFeesCaption_c20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member_zU8VIl1xaTt4" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Shareholder Fees (fees paid directly from your investment)</td> <td colspan="2" id="xdx_49E_20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member__oef--ClassAxis__custom--C000211583Member_zHNIoJ4niLPf" style="border-top: #000000 1pt solid; vertical-align: bottom">Retail Class </td> <td colspan="2" id="xdx_49C_20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member__oef--ClassAxis__custom--C000211584Member_zQqxGdsuPNOa" style="border-top: #000000 1pt solid; border-right: #000000 1pt solid; vertical-align: bottom">Institutional Class </td> </tr> <tr id="xdx_408_eoef--ShareholderFeeOther_zyFM63FckXb9" style="background-color: Gainsboro"> <td style="border-left: #000000 1pt solid; vertical-align: bottom; width: 56%">Annual Account Maintenance Fee (for Retail Class accounts under $750)</td> <td style="vertical-align: bottom; width: 11%"></td> <td style="font: 11pt Times New Roman, Times, Serif; text-align: center; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt; width: 11%">$12.00</td> <td style="vertical-align: bottom; width: 11%"></td> <td style="border-right: #000000 1pt solid; text-align: center; vertical-align: bottom; width: 11%">—</td> </tr> </table> <table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: White"> <td style="border-left: #000000 1pt solid; vertical-align: bottom"><p id="xdx_98C_eoef--OperatingExpensesCaption_c20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member_zHkxkYvlQ8c5" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</td> <td colspan="2" id="xdx_498_20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member__oef--ClassAxis__custom--C000211583Member_zZXum7tMJ4rg" style="vertical-align: bottom"> </td> <td colspan="2" id="xdx_492_20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member__oef--ClassAxis__custom--C000211584Member_zXok6a4g71e3" style="border-right: Black 1pt solid; vertical-align: bottom"> </td> </tr> <tr id="xdx_40C_eoef--ManagementFeesOverAssets_dpn_zEhLJKcttdba" style="background-color: Gainsboro"> <td style="border-left: #000000 1pt solid; vertical-align: bottom; width: 56%">Management Fees(1)</td> <td style="vertical-align: bottom; width: 11%"></td> <td style="border-bottom: Black 1pt solid; text-align: center; width: 11%">0.75%</td> <td style="vertical-align: bottom; width: 11%"></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; width: 11%">0.75%</td> </tr> <tr id="xdx_40E_eoef--DistributionAndService12b1FeesOverAssets_dpn_zXYp0uO3y2g6" style="background-color: White"> <td style="border-left: #000000 1pt solid; vertical-align: bottom">Distribution (12b-1) Fees</td> <td style="vertical-align: bottom"></td> <td style="border-bottom: Black 1pt solid; text-align: center">None</td> <td style="vertical-align: bottom"></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">None</td> </tr> <tr id="xdx_40B_eoef--OtherExpensesOverAssets_dpn_zT9wVEYnwcR1" style="background-color: Gainsboro"> <td style="border-left: #000000 1pt solid; vertical-align: bottom">Other Expenses</td> <td style="vertical-align: bottom"></td> <td style="border-bottom: Black 1pt solid; text-align: center">1.20%</td> <td style="vertical-align: bottom"></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">0.78%</td> </tr> <tr id="xdx_406_eoef--Component1OtherExpensesOverAssets_dpn_zd7tEHfsgbW" style="background-color: White"> <td style="border-left: #000000 1pt solid; vertical-align: bottom">Shareholder service fee(2)</td> <td style="border-bottom: #000000 1pt solid; vertical-align: bottom">0.25%</td> <td> </td> <td style="border-bottom: #000000 1pt solid; vertical-align: bottom">0.10%</td> <td style="border-right: Black 1pt solid"></td> </tr> <tr id="xdx_40B_eoef--Component2OtherExpensesOverAssets_dpn_zwNQhz215R7" style="background-color: Gainsboro"> <td style="border-left: #000000 1pt solid; vertical-align: bottom">All other expenses</td> <td style="border-bottom: #000000 1pt solid; vertical-align: bottom">0.95%</td> <td> </td> <td style="border-bottom: #000000 1pt solid; vertical-align: bottom">0.68%</td> <td style="border-right: Black 1pt solid"> </td> </tr> <tr id="xdx_403_eoef--ExpensesOverAssets_dpn_zxUNeAa05Zl6" style="background-color: White"> <td style="border-left: #000000 1pt solid; vertical-align: bottom">Total Annual Fund Operating Expenses</td> <td style="vertical-align: bottom"></td> <td style="border-bottom: Black 1pt solid; text-align: center">1.95%</td> <td style="vertical-align: bottom"></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">1.53%</td> </tr> <tr id="xdx_407_eoef--FeeWaiverOrReimbursementOverAssets_zYLfLGzX3qD1" style="background-color: Gainsboro"> <td style="border-left: #000000 1pt solid; vertical-align: bottom">Fee Waivers and/or Expense Reimbursements(3)</td> <td style="vertical-align: bottom"></td> <td style="border-bottom: Black 1pt solid; text-align: center">(0.96)%</td> <td style="vertical-align: bottom"></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center">(0.69)%</td> </tr> <tr id="xdx_400_eoef--NetExpensesOverAssets_dpn_zJRfDOpgR9Si" style="background-color: White"> <td style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; vertical-align: bottom">Total Annual Fund Operating Expenses After Fee Waivers and/or Expense Reimbursements(3)</td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom"></td> <td style="border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">0.99%</td> <td style="border-bottom: Black 1pt solid; vertical-align: bottom"></td> <td style="border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; vertical-align: bottom">0.84%</td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 13.5pt; vertical-align: top; text-align: right"> (1) </td> <td style="vertical-align: top; text-align: left"> Effective June 30, 2026, Segall Bryant & Hamill, LLC (d/b/a CI SBH Asset Management) (“SBH” or the “Adviser”), the Fund’s investment adviser, has agreed to contractually reduce its management fee of 0.90% for all share classes of the Fund so that the management fee for all share classes of the Fund is 0.75%. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 13.5pt; vertical-align: top; text-align: right"> (2) </td> <td style="vertical-align: top; text-align: left"> The Retail Class and the Institutional Class of the Fund may pay a fee at an annual rate of up to 0.25% and 0.10%, respectively, of average daily net assets to shareholder servicing agents. The amount listed represents the maximum fee that the Fund may pay. Actual Shareholder Service Fees for the fiscal year ended December 31, 2025 were 0.22% and 0.06% for the Retail Class and Institutional Class, respectively. Refer to the “Shareholder Service Fee” section in the prospectus. </td> </tr> </table> <table cellpadding="0" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"> <tr style="vertical-align: top"> <td style="width: 13.5pt; vertical-align: top; text-align: right"> (3) </td> <td style="vertical-align: top; text-align: left">The Adviser has contractually agreed until at least April 30, 2028, to waive the investment advisory and/or administration fees and/or to reimburse other expenses (not including acquired fund fees and expenses, taxes, redemption in kind processing fees, brokerage expenses, class action claim fees, tax reclaim fees, and extraordinary expenses), so that the ratio of expenses of average net assets as reported in the Fund’s Financial Highlights will be no more than 0.99% and 0.84% to the Fund’s Retail Class and Institutional Class, respectively, for such period. This agreement may not be terminated or modified by the Adviser prior to the termination date without the approval of the Board of Trustees. </td> </tr> </table> Example <p id="xdx_A87_eoef--ExpenseExampleNarrativeTextBlock_zmeRs54HWMC8" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in either the Retail Class shares or the Institutional Class shares of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s total annual operating expenses remain the same. This Example reflects the net operating expenses with expense waivers for the one-year contractual period and the total operating expenses without expense waivers for years two through ten. <table cellpadding="2" cellspacing="0" style="font: 11pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; vertical-align: bottom; width: 24%"><p id="xdx_988_eoef--ExpenseExampleByYearCaption_c20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member_zcwa3gaLaCSc" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 4.5pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Although your actual costs may be higher or lower, based on these assumptions your costs would be: </td> <td id="xdx_488_eoef--ExpenseExampleYear01_zaE7DUInNyNb" style="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: bottom; width: 19%">One Year </td> <td id="xdx_48D_eoef--ExpenseExampleYear03_zLBAUhjIQenf" style="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: bottom; width: 19%">Three Years </td> <td id="xdx_487_eoef--ExpenseExampleYear05_z4ZarU70rvB9" style="border-top: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: bottom; width: 19%">Five Years </td> <td id="xdx_483_eoef--ExpenseExampleYear10_zYYNI0wU4FXd" style="border-top: #000000 1pt solid; border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: bottom; width: 19%">Ten Years </td> </tr> <tr id="xdx_413_20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member__oef--ClassAxis__custom--C000211583Member_zTAOV7nodt63" style="background-color: Gainsboro"> <td style="border-left: #000000 1pt solid; vertical-align: bottom; width: 24%">Retail Class </td> <td style="vertical-align: bottom; width: 19%">$101</td> <td style="vertical-align: bottom; width: 19%">$420</td> <td style="vertical-align: bottom; width: 19%">$868</td> <td style="border-right: #000000 1pt solid; vertical-align: bottom; width: 19%">$2,114</td> </tr> <tr id="xdx_412_20260630__20260630__dei--LegalEntityAxis__custom--S000065430Member__oef--ClassAxis__custom--C000211584Member_z38q1oB8cNrb" style="background-color: White"> <td style="border-bottom: #000000 1pt solid; border-left: #000000 1pt solid; vertical-align: bottom; width: 24%">Institutional Class </td> <td style="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 19%">$86</td> <td style="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 19%">$344</td> <td style="border-bottom: #000000 1pt solid; vertical-align: bottom; width: 19%">$699</td> <td style="border-right: #000000 1pt solid; border-bottom: #000000 1pt solid; vertical-align: bottom; width: 19%">$1,702</td> </tr> </table> <p id="xdx_A8D_eoef--ExpenseExampleNoRedemptionNarrativeTextBlock_zCVwpJiiFLb3" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Your expenses would be the same if you did not redeem your shares. Please retain this supplement with your Prospectus and Statement of Additional Information. SEGALL BRYANT & HAMILL TRUST 2026-06-30 2026-04-30 Fees and Expenses of the Fund This table describes the fees and expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below. Shareholder Fees (fees paid directly from your investment) 12.00 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0075 0.0075 0 0 0.0120 0.0078 0.0025 0.0010 0.0095 0.0068 0.0195 0.0153 -0.0096 -0.0069 0.0099 0.0084 April 30, 2028 Example <p id="xdx_A87_eoef--ExpenseExampleNarrativeTextBlock_zmeRs54HWMC8" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">This Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in either the Retail Class shares or the Institutional Class shares of the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Fund’s total annual operating expenses remain the same. This Example reflects the net operating expenses with expense waivers for the one-year contractual period and the total operating expenses without expense waivers for years two through ten. Although your actual costs may be higher or lower, based on these assumptions your costs would be: 101 420 868 2114 86 344 699 1702 <p id="xdx_A8D_eoef--ExpenseExampleNoRedemptionNarrativeTextBlock_zCVwpJiiFLb3" style="font: 11pt Times New Roman, Times, Serif; text-align: left; margin-left: 0pt; text-indent: 0pt; margin-bottom: 0pt; margin-top: 0pt">Your expenses would be the same if you did not redeem your shares. Effective June 30, 2026, Segall Bryant & Hamill, LLC (d/b/a CI SBH Asset Management) (“SBH” or the “Adviser”), the Fund’s investment adviser, has agreed to contractually reduce its management fee of 0.90% for all share classes of the Fund so that the management fee for all share classes of the Fund is 0.75%. The Retail Class and the Institutional Class of the Fund may pay a fee at an annual rate of up to 0.25% and 0.10%, respectively, of average daily net assets to shareholder servicing agents. The amount listed represents the maximum fee that the Fund may pay. Actual Shareholder Service Fees for the fiscal year ended December 31, 2025 were 0.22% and 0.06% for the Retail Class and Institutional Class, respectively. Refer to the “Shareholder Service Fee” section in the prospectus. The Adviser has contractually agreed until at least April 30, 2028, to waive the investment advisory and/or administration fees and/or to reimburse other expenses (not including acquired fund fees and expenses, taxes, redemption in kind processing fees, brokerage expenses, class action claim fees, tax reclaim fees, and extraordinary expenses), so that the ratio of expenses of average net assets as reported in the Fund’s Financial Highlights will be no more than 0.99% and 0.84% to the Fund’s Retail Class and Institutional Class, respectively, for such period. This agreement may not be terminated or modified by the Adviser prior to the termination date without the approval of the Board of Trustees.