Strategy. ? Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of small-capitalization companies. ? The Fund currently considers small-capitalization companies to be those included in, or similar in size to, those included in its benchmark index, the Russell 2000 Value Index, at the time of purchase. As of February 28, 2025, the benchmark capitalization range was $1.7 million to $15.3 billion. As of February 28, 2025, the weighted average market capitalization of the benchmark index was approximately $2.9 billion as compared to approximately $3.7 billion for the companies within the Funds portfolio. Please note that these market capitalization measures will fluctuate over time. ? The Fund … Show more… ? Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of small-capitalization companies. ? The Fund currently considers small-capitalization companies to be those included in, or similar in size to, those included in its benchmark index, the Russell 2000 Value Index, at the time of purchase. As of February 28, 2025, the benchmark capitalization range was $1.7 million to $15.3 billion. As of February 28, 2025, the weighted average market capitalization of the benchmark index was approximately $2.9 billion as compared to approximately $3.7 billion for the companies within the Funds portfolio. Please note that these market capitalization measures will fluctuate over time. ? The Fund will primarily invest in common stock. The Fund is not limited to the stocks included in the Russell 2000 Value Index. ? With respect to portfolio structure, the Adviser maintains exposure to most sectors within the benchmark; however, with an active management process, there will be variances in sector exposure relative to the benchmark index. The Adviser maintains guidelines to monitor this variance. ? The investment process used by the Funds Adviser is driven by a combination of quantitative analysis (which may encompass techniques such as evaluation of financial data or statistical/mathematical modeling), fundamental analysis (which may include assessments of a companys holdings or key characteristics, as well as broader economic factors) and experienced judgment. ? The Adviser seeks to invest in companies the stocks of which the Adviser believes are trading below the Advisers estimate of their intrinsic values. The Adviser searches for companies it believes are attractively priced relative to historical valuation, peer groups, and the market, concentrating most on cash flow capability over time. ? The team seeks to identify companies that have the potential for significant improvement in return on invested capital (ROIC), with the idea being that, as ROIC improves, each dollar invested in the business earns an incrementally higher return. The team requires that management is ROIC-focused, financially incentivized to improve returns through appropriate capital allocation, and able to articulate an appropriate returns-based strategy to improve profitability. ? The Fund expects to only invest in securities of companies whose stock is traded on U.S. markets, including depositary receipts or shares issued by companies incorporated outside of the United States (e.g., ADRs). ? SBH also utilizes an integrated approach to a companys environmental, social, and corporate governance (ESG) practices within its investment process alongside other non-ESG factors. SBH believes ESG factors may be important drivers of value in conjunction with the underlying strength and potential of a business, however its consideration of these factors would not necessarily result in a company being included or excluded from the evaluation process but rather would contribute to the overall evaluation of that company. ? Stocks may be sold when conditions have changed and the companys prospects are no longer attractive, its stock price has achieved the teams valuation target or better relative investment opportunities have been identified. Show less