Strategy. ? The Fund emphasizes investments in small companies that the portfolio management team believes to have attractive growth prospects for earnings and/or cash flows. ? Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in small-cap 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 Growth 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 $4.4 billion as compared to approximately $6.1 billion … Show more… ? The Fund emphasizes investments in small companies that the portfolio management team believes to have attractive growth prospects for earnings and/or cash flows. ? Under normal circumstances, the Fund will invest at least 80% of its net assets (including amounts borrowed for investment purposes) in small-cap 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 Growth 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 $4.4 billion as compared to approximately $6.1 billion for the companies within the Funds portfolio. Please note that these market capitalization measures will fluctuate over time. ? The team implements an investment strategy primarily through independent bottom-up fundamental research. The team constructs a portfolio designed to generate alpha, or risk-adjusted excess return relative to the Funds benchmark, primarily through stock selection. ? The team uses a proprietary discounted cash flow (DCF) model for purposes of valuing and generating price targets for individual stocks. The DCF model is utilized for two primary purposes to understand what assumptions are implied in a stocks current price, and to generate an expected value for each stock, based on the teams internally generated forecasts. ? With respect to portfolio structure, the team typically 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 team maintains guidelines to monitor this variance. ? 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, certain objective criteria are met or better relative investment opportunities have been identified. Show less