Latest news with #LSEGLipperFundAwards
Business Wire
24-04-2025
- Business
- Business Wire
Third Avenue Real Estate Value Fund UCITS Named Best Global Real Estate Fund by LSEG Lipper
NEW YORK--(BUSINESS WIRE)--Third Avenue Management LLC ('Third Avenue' or 'the Firm') announced today that the Third Avenue Real Estate Value UCITS Fund ('the Fund')¹ was named the Best Global Real Estate Fund Over Three Years and the Best Global Real Estate Fund Over Five Years at the 2025 LSEG Lipper Funds Awards in Europe, Switzerland, France, and the U.K. The Lipper Fund Awards have been synonymous with strong risk-adjusted performance for more than three decades and focus the investment world on top-performing funds. The 2025 Awards were presented for the Fund's performance over the three-year and five-year period ended December 31, 2024² and mark the seventh time the Third Avenue Real Estate team has been recognized by LSEG Lipper in the Best Global Real Estate Fund category.³ "We are honored to receive recognition from LSEG Lipper for delivering sector-leading results to the investors in the Third Avenue Real Estate Value UCITS Fund," said Ryan Dobratz, Co-Portfolio Manager of the Fund. 'Receiving a Lipper Award for the seventh time is also a testament to the durability of Third Avenue's Real Estate strategy and the robust process we have developed over two decades.' Third Avenue's Real Estate Value strategy has pursued value-oriented opportunities in listed real estate for more than 25 years. During that span, the strategy has focused on not only real estate investment trusts ('REITs'), but also real estate operating companies ('REOCs') involved with commercial, residential, and real estate services globally. 'The Fund's long-term results reflect Third Avenue's unique approach to listed real estate,' added Jason Wolf, Co-Portfolio Manager of the Fund. 'As we've done since 1998, we will continue to identify and invest in well-capitalized and well-managed enterprises that trade at a discount to our estimate of net-asset value—irrespective of whether they are included in a benchmark. We believe such a combination is the key to generating superior long-term results.' Otto Christian Kober, Head of Lipper Research, LSEG Data & Analytics, noted, 'There is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years. We applaud the 2025 LSEG Lipper Fund Award winners such as Third Avenue Management for delivering outperformance and the accompanying comfort of consistency to investors' portfolios through a cross-current of global market disruptions.' The LSEG Lipper Fund Awards were presented for the Europe Region on February 2, 2025, for Switzerland on March 27, 2025, for France on April 17, 2025, and for the U.K. on April 24, 2025. Fund Awards: LSEG Lipper Fund Awards Europe 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Three Years. LSEG Lipper Fund Awards Europe 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Five Years. LSEG Lipper Fund Awards Switzerland 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Three Years. LSEG Lipper Fund Awards Switzerland 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Five Years. LSEG Lipper Fund Awards France 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Three Years. LSEG Lipper Fund Awards France 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Five Years. LSEG Lipper Fund Awards United Kingdom 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Three Years. LSEG Lipper Fund Awards United Kingdom 2025 Winner, Third Avenue Real Estate Value Fund, Best Global Real Estate Fund Over Five Years. About LSEG Lipper Fund Awards For more than 30 years and in over 17 countries worldwide, the highly-respected LSEG Lipper Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focus the investment world on top-funds. The merit of the winners is based on entirely objective, quantitative criteria. This coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at ¹ Refers to the Third Avenue Real Estate Value Fund Class R Accumulation (USD) Shares (ISIN: IE00B57HGY48), a share class of the Third Avenue Real Estate Value UCITS, a sub-fund of Gemcap Investment Funds (Ireland) plc ('Gemcap Funds') and is not available to U.S.-based investors. Gemcap Funds provides UCITS Funds for non-U.S. based investors and does not offer any products or services to U.S.-based investors. Third Avenue Management serves as a sub-adviser to Gemcap Funds. ² The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. The 2025 LSEG Lipper Fund Awards for the Best Global Real Estate Fund Over Three Years were upon based on a review of 43, 32, 30, and 40 qualified shares classes that were eligible in Europe, Switzerland, France, and the United Kingdom, respectively. The 2025 LSEG Lipper Fund Awards for the Best Global Real Estate Fund Over Five Years were upon based on a review of 41, 30, 27, and 30 qualified shares classes that were eligible in Europe, Switzerland, France, and the United Kingdom, respectively. For more information, see Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper. ³ For past LSEG Lipper Fund Awards results, please visit: Expand About Third Avenue Management Third Avenue Management is a United States-based investment adviser founded in 1986 by legendary value investor Martin J. Whitman. For nearly four decades, the Firm has specialized in value-oriented investment strategies, targeting well-capitalized enterprises with discounted securities and long-term wealth creation potential. Today, the Firm is partnered with AMG and has more than $1.4 billion in assets under management across five core strategies (Global Value, Small-Cap Value, Real Estate Value, International Real Estate, and International Value), which are available to investors through Mutual Funds, Managed Accounts, and UCITS Funds.
Yahoo
07-04-2025
- Business
- Yahoo
RBC GAM's BlueBay U.S. Fixed Income team awarded for investment excellence at LSEG Lipper Fund Awards 2025 United States
MINNEAPOLIS, April 7, 2025 /PRNewswire/ - RBC Global Asset Management-U.S. ("RBC GAM-U.S.") announced today that its BlueBay U.S. Fixed Income team was recognized at the LSEG Lipper Fund Awards 2025 United States for outstanding investment performance of its RBC BlueBay Core Plus Bond Fund (R6 Share). The RBC BlueBay Core Plus Bond Fund was awarded "Best Core Plus Bond Fund" for excelling in delivering consistently strong risk-adjusted performance over a three-year period among 70 Core Plus Bond Funds for the period ending November 30, 2024. "This recognition of our RBC BlueBay Core Plus Bond Fund validates our excellence in managing broad U.S. fixed income portfolios," said Dan Chornous, Chief Investment Officer of RBC Global Asset Management. "I would like to congratulate our BlueBay U.S. Fixed Income team for their continued dedication to our clients and thank the LSEG Lipper Fund Awards for recognizing our highly credible U.S. fixed income capabilities." For more than three decades, the LSEG Lipper Fund Awards have recognized funds and fund management firms for their consistently strong risk-adjusted three-, five-, and 10-year performance relative to their peers. Based on Lipper's quantitative, proprietary methodology, the awards reflect a truly independent and uncompromised assessment of fund performance. The Lipper Award was presented to RBC GAM during the 2025 United States LSEG Lipper Fund Awards ceremony in New York City on March 13. More information about RBC GAM's U.S. mutual funds can be found at About RBCRoyal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 98,000+ employees who leverage their imaginations and insights to bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank and one of the largest in the world, based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our more than 19 million clients in Canada, the U.S. and 27 other countries. Learn more at We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at About RBC Global Asset ManagementRBC Global Asset Management (RBC GAM) is the asset management division of Royal Bank of Canada (RBC). RBC GAM is a provider of global investment management services and solutions to institutional, high-net-worth and individual investors through separate accounts, pooled funds, mutual funds, hedge funds, exchange-traded funds and specialty investment strategies. RBC Funds, BlueBay Funds, PH&N Funds and RBC ETFs are offered by RBC Global Asset Management Inc. (RBC GAM Inc.) and distributed through authorized dealers in Canada. The RBC GAM group of companies, which includes RBC GAM Inc. (including PH&N Institutional) and RBC Indigo Asset Management Inc., manage approximately $710 billion in assets (CAD) and have approximately 1,600 employees located across Canada, the United States, Europe and Asia. Contact:Tony Catinella, The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. Mutual fund investing involves risk. Principal loss is possible. Investments in debt securities typically decrease in value when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss to principal and interest than higher-rated securities. Investments in foreign securities involve greater volatility and political, economic and currency risks and differences in accounting methods. Derivatives such as futures, forwards, and swaps involve risks different from, and in certain cases, greater than the risks presented by more traditional investments. These risks are described more fully in the investing, you should consider carefully a fund's investment objectives, risks, charges, and expenses. This and other information is in the prospectus, which you can view by visiting or request by calling 800.422.2766. Please read the prospectus carefully before investing. Not FDIC Insured. No Bank Guarantee. May Lose Value. RBC Global Asset Management (U.S.) Inc. is the Adviser for the RBC Funds Trust. The Funds are distributed by Quasar Distributors, LLC. Securities are offered through RBC Wealth Management, a division of RBC Capital Markets, LLC, member NYSE/FINRA/SIPC. RBC GAM is the asset management division of Royal Bank of Canada (RBC) which includes RBC Global Asset Management Inc. (RBC GAM Inc.), RBC Global Asset Management (U.S.) Inc. (RBC GAM-US), RBC Global Asset Management (UK) Limited (RBC GAM-UK), RBC Global Asset Management (Asia) Limited (RBC GAM-Asia) and RBC Indigo Asset Management Inc. (RBC Indigo), which are separate, but affiliated subsidiaries of RBC. ®/™ Trademark(s) of Royal Bank of Canada. Used under license. © 2025 RBC Global Asset Management (U.S.) Inc. View original content to download multimedia: SOURCE RBC Global Asset Management (U.S.) Sign in to access your portfolio
Yahoo
18-03-2025
- Business
- Yahoo
Channel Investment Partners Wins 2025 LSEG Lipper Fund Awards
Firm recognized with three awards for Channel Income Fund, Best Short-Intermediate Investment Grade Debt Fund Over 3yr, 5yr, and 10 Years. ARLINGTON, Va., March 18, 2025 /PRNewswire/ -- For the fourth straight year, Channel Investment Partners ("Channel") was recognized with LSEG Lipper Fund Awards. Channel announced today that the Channel Income Fund (formerly Channel Short Duration Income Fund) was named LSEG Lipper Fund Awards United States 2025 Winner, Best Short-Intermediate Investment Grade Debt Fund Over 3, 5, and 10 years, sweeping the category for the second straight year. Last year, Channel Income Fund was named LSEG Lipper Fund Awards United States 2024 Winner, Best Short-Intermediate Investment Grade Debt Fund Over 3, 5, and 10 years. In 2023, Channel Income Fund was named Refinitiv Lipper Fund Awards United States 2023 Winner, Best Short-Intermediate Investment Grade Debt Fund Over 5 years. In 2022, Channel Income Fund was named Refinitiv Lipper Fund Awards United States 2022 Winner, Best Short-Intermediate Investment Grade Debt Fund Over 3 years. "The 2025 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic three-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, rising geopolitical risks, skyrocketing inflation and dramatic central bank intervention. "Whether you've been investing for just the past 15 years and have seen only the easy money environment following the Financial Crisis – or you've been an investor for 50 years and feel as if you've seen it all, there is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years. "We applaud the 2025 LSEG Lipper Fund Award winners such as Channel Investment Partners for delivering outperformance and the accompanying comfort of consistency to investors' portfolios through a cross-current of global market disruptions." Otto Christian Kober, Head of Lipper Research, LSEG Data & Analytics. "Channel Investment Partners is honored to follow our 2022, 2023, and three 2024 awards with three more 2025 LSEG Lipper Fund Awards, recognizing excellence in mutual fund performance," said Matthew Duch, Managing Partner and CIO. "Despite another challenging year for bonds, marked by volatility and a steeper yield curve, our disciplined investment process, experience, conviction, and steady approach have again delivered top results. Sweeping the category for the second straight year is extremely rare and acknowledges the strengths of our repeatable active strategy in various markets." For more information, visit and or email contact@ About Channel Investment Partners Channel Investment Partners ("Channel"), founded in 2019 by Matthew Duch, is a leading boutique fixed income investment management firm seeking to deliver superior investment strategies and long-term value for its clients. With a distinctive investment philosophy and an unwavering commitment to operational excellence, Channel is dedicated to achieving strong financial outcomes for its investors. About the LSEG Lipper Fund Awards The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed. The Channel Income Fund was evaluated among 145, 137, and 112 Short-Intermediate Investment Grade Debt Fund share classes for the 3-year, 5-year, and 10-year periods, respectively, ending 11/30/24. Important Risk Information: Investing involves risk, including possible loss of principal. Bonds and bond funds are subject to interest rate risk and will decline in value as interest rates rise. High Yield bonds involve greater risks of default or downgrade and are more volatile than Investment Grade securities due to the speculative nature of their investments. Mortgage-Backed securities are subject to prepayment and extension risk and therefore react differently to changes in interest rates than other bonds. Small movements in interest rates may quickly and significantly reduce the value of certain Mortgage-Backed securities. There is no guarantee that the investment objective will be achieved. Holdings are subject to change. Investors should carefully consider the investment objectives, risks, and charges and expenses of the fund before investing. The prospectus contains this and other information about the fund, and it should be read. The prospectus may be obtained at (877)-627-8504 and Channel Income Fund is distributed by Ultimus Fund Distributors, LLC (Member FINRA/SIPC). Media Contact: Matthew Duch 571-721-1852 392023@ View original content to download multimedia: SOURCE Channel Investment Partners
Associated Press
17-03-2025
- Business
- Associated Press
Artisan Partners International Value Fund Wins Three U.S. Lipper Fund Awards for Third Straight Year
MILWAUKEE, March 17, 2025 (GLOBE NEWSWIRE) -- Artisan Partners is pleased to announce that the Artisan International Value Fund received three 2025 Lipper Fund Awards. The Artisan International Value Fund, Institutional Class (APHKX), was named best fund in Lipper's International Large-Cap Value Funds category over the trailing three-, five- and ten-year time periods ended 31 Dec 2024. This is the third year in a row the Fund has won the Lipper Fund Awards in the International Large-Cap Value category. 'The 2025 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic three-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, rising geopolitical risks, skyrocketing inflation and dramatic central bank intervention. [Regardless of however long you've been investing], there is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years,' Otto Christian Kober, Head of Lipper Research at LSEG Data & Analytics states. 'We are deeply grateful to be recognized with this distinguished honor again,' said David Samra, Portfolio Manager of the Artisan International Value Fund. 'This award reflects the efforts of our team and our commitment to a disciplined, time-tested investment approach in our ongoing pursuit of generating wealth for our shareholders over the long term.' The Lipper Fund Awards recognize funds for their consistently strong risk-adjusted three-, five- and ten-year performance relative to peers. Based on Lipper's quantitative, proprietary methodology, the awards reflect a truly independent and uncompromised assessment of fund performance. LSEG Lipper Fund Awards United States 2025 Winner # of Funds in Category # of Share Classes in Category Artisan International Value Fund, Institutional Class, Best International Large-Cap Value Fund Over 3 Years 28 99 Artisan International Value Fund, Institutional Class, Best International Large-Cap Value Fund Over 5 Years 26 90 Artisan International Value Fund, Institutional Class, Best International Large-Cap Value Fund Over 10 Years 23 66 ABOUT LSEG LIPPER FUND AWARDS For more than 30 years , these highly respected awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers. Find out more at ABOUT ARTISAN PARTNERS Artisan Partners, adviser to Artisan Partners Funds, Inc., is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners' autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates. Average Annual Total Returns as of 31-Dec-24 1 Yr 3 Yr 5 Yr 10 Yr Since Inception Expense Ratio1 Artisan International Value Fund, Institutional Class (APHKX) 6.64 6.91 9.24 7.76 11.53 0.97% Source: Artisan Partners. Institutional Class performance is that of the Investor Class from 23 Sep 2002 through the inception of the Institutional Class on 1 Oct 2006, and actual Institutional Class performance thereafter. Investor Class inception: 23 Sep 2002. Performance has not been adjusted to reflect the expenses of the Institutional Class for the period prior to the Class's inception, and Institutional Class performance results would differ if such expenses were reflected. Investor Class represents the oldest share class in the Fund and generally has higher expenses and lower minimum investments. 1Prospectus 30 Sep 2024. See prospectus for further details. Past performance does not guarantee and is not a reliable indicator of future results. Investment returns and principal values will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than that shown. Call 800.344.1770 for current to most recent month-end performance. Artisan International Value Fund is available through multiple share classes, which have lower investment minimums and higher fees than the Fund's Institutional Share Class. Carefully consider the Fund's investment objective, risks and charges and expenses. This and other important information is contained in the Fund's prospectus and summary prospectus, which can be obtained by calling 800.344.1770. Read carefully before investing. The value of portfolio securities selected by the investment team may rise or fall in response to company, market, economic, political, regulatory or other news, at times greater than the market or benchmark index. International investments involve special risks, including currency fluctuation, lower liquidity, different accounting methods and economic and political systems, and higher transaction costs. These risks typically are greater in emerging and less developed markets, including frontier markets. Securities of small- and medium-sized companies tend to have a shorter history of operations, be more volatile and less liquid and may have underperformed securities of large companies during some periods. Value securities may underperform other asset types during a given period. The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by LSEG Lipper. Artisan Partners Funds offered through Artisan Partners Distributors LLC (APDLLC), member FINRA. APDLLC is a wholly owned broker/dealer subsidiary of Artisan Partners Holdings LP. Artisan Partners Limited Partnership, an investment advisory firm and adviser to Artisan Partners Funds, is wholly owned by Artisan Partners Holdings LP. 800.399.1770
Associated Press
17-03-2025
- Business
- Associated Press
Payden & Rygel Receives 2025 LSEG Lipper Fund Award for the Payden California Municipal Social Impact Fund (PYCRX)
LOS ANGELES, March 17, 2025 (GLOBE NEWSWIRE) -- Payden & Rygel, one of the largest privately-held global investment advisory firms, today announced that the Payden California Municipal Social Impact Fund (PYCRX) is a LSEG Lipper Fund Awards United States 2025 winner. 'The 2025 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic three-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, rising geopolitical risks, skyrocketing inflation, and dramatic central bank intervention,' said Otto Christian Kober, Head of Lipper Research, LSEG Data & Analytics. 'Whether you've been investing for just the past 15 years and have seen only the easy money environment following the Financial Crisis or been an investor for 50 years and feel as if you've seen it all, there is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years. 'We applaud the 2025 LSEG Lipper Fund Award winners such as Payden & Rygel for delivering outperformance and the accompanying comfort of consistency to investors' portfolios through a cross-current of global market disruptions,' he added. PYCRX was recognized in the California Intermediate Municipal Debt Funds category as the best fund over ten-years. The fund generally invests in intermediate-maturity municipal bonds that are exempt from Federal, state, and local taxes for California residents. The fund seeks to provide attractive current income while preserving capital. Holdings are diversified across sectors and issuers. About Payden & Rygel With $159 billion under management, Payden & Rygel is one of the largest privately-owned global investment advisers focused on the active management of fixed income and equity portfolios. Payden & Rygel provides a full range of investment strategies and solutions to investors around the globe, including Central Banks, Pension Funds, Insurance Companies, Private Banks, and Foundations. Independent and privately-owned, Payden is headquartered in Los Angeles and has offices in Boston, London, and Milan. Visit for more information about Payden's investment offerings, including US mutual funds and Irish-domiciled funds (subject to investor eligibility). About LSEG Lipper Fund Awards For more than 30 years and in over 17 countries worldwide, the highly respected LSEG Lipper Awards have honored funds and fund management firms that have excelled in providing consistently strong risk-adjusted performance relative to their peers and focused the investment world on top funds. The merit of the winners is based on entirely objective, quantitative criteria. This, coupled with the unmatched depth of fund data, results in a unique level of prestige and ensures the award has lasting value. Renowned fund data and proprietary methodology is the foundation of this prestigious award qualification, recognizing excellence in fund management. Find out more at The LSEGLipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEGLipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEGLipper Fund Award. For more information, see Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper. Past performance does not guarantee future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. For the most recent month-end performance, which may be higher or lower than that quoted, visit our website at or call 800 572-9336. For more information and to obtain a prospectus or summary prospectus, visit or call 800 572-9336. Before investing, investors should carefully read and consider investment objectives, risks, charges, expenses and other important information about the Fund, which is contained in these documents. Social Impact Investing Risk: The Fund's policy of investing in municipal securities for which, in the Adviser's opinion, the proceeds raised are used consistent with positive social and/or environmental practices and outcomes could cause the Fund to perform differently compared to other mutual funds that do not have such a policy. The factors that the Adviser considers in evaluating an investment's positive social and/or environmental benefits are part of a proprietary security selection methodology and may change over time. There are differences in interpretations of what it means to promote positive social and/or environmental benefits. While the Adviser believes its definitions are reasonable, the portfolio decisions it makes may differ with others' views. Sources for the material contained herein are deemed reliable but cannot be guaranteed. This material is for illustrative purposes only and does not constitute investment advice or an offer to sell or buy any security. Past performance is no guarantee of future results.
