*The Fund's advisor has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that the total annual fund operating expenses do not exceed 1.25% of average net assets of the Fund's Institutional Class shares. This agreement is in effect until August 30, 2024, and it may be terminated before that date only by the Trust's Board of Trustees.

 IMPORTANT INFORMATION

The Fund's prospectus and summary prospectus are accompanied on the page above and included the Fund's investment objectives, risks, charges and expenses, and other information.

Foreign securities may be more volatile than the securities of U.S. issuers because of economic and social conditions abroad, political developments, and changes in the regulatory environment of foreign countries. These risks are magnified in emerging markets. The securities of small-capitalization companies may be subject to more abrupt market movements and may have lower trading volumes or more erratic trading than securities of larger, more established companies in general. The Fund may invest a larger portion of its assets in one or more sectors than other mutual funds, and thus will be more susceptible to negative events affecting those sectors.

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