As of September 30, 2021. Totals may not add up due to rounding. Portfolio Characteristics are shown for the Institutional Class shares. "Top Holdings" and "Top Sectors" refer to the largest positions and sectors in the portfolio. The ‘Top Holdings’ percentage weights are the market value of each holding divided by the total net assets of the Fund. Sector classification scheme reflects GICS (Global Industry Classification Standard). Portfolio composition will change due to ongoing management of the Fund. References to individual securities or sectors are for informational purposes only and should not be construed as recommendations by the Fund, the Advisor or the distributor.
Net Risk Exposure is defined as the percentage of portfolio exposed to Risk Assets. Risk Assets include all investments excluding cash and cash equivalents.