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0.052 0.111 0.104 0.101 0.096 0.072 0.063 0.176 0.130 0.184 0.078 0.057 0.418 0.253 0.271 0.033 0.029 0.024 0.103 0.068 0.068 0.059 0.055 0.046 0.038 0.036 0.031 0.154 0.139 0.078 0.073 0.222 0.095 0.093 0.093 0.088 0.038 0.036 0.014 0.000 0.857 0.078 0.024 0.071 0.068 0.051 0.049 0.046 0.039 0.026 0.024 0.034 0.201 0.192 0.129 0.081 0.141 0.110 0.099 0.053 0.046 0.041 0.234 0.195 0.041 0.028 0.702 0.206 0.021 0.021 0.029 0.054 0.047 0.028 0.026 0.026 0.025 0.010 0.212 0.209 0.142 0.078 0.058 0.129 0.119 0.117 0.045 0.034 0.027 0.256 0.239 Perpetual Americas Funds Trust 2026-03-31 JOHCM Emerging Markets Discovery Fund Advisor Shares JOMEX This semi-annual shareholder report contains important information about the JOHCM Emerging Markets Discovery Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913</div><div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">.</div> connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">JOHCM Emerging Markets Discovery Fund<br/>(Advisor Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>68</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">1.34<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 68 0.0134 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>78,687,931</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">123</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">82.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 78687931 123 0.8271 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, exc<div style="letter-spacing: 0px; top: 0px;display:inline;">lu</div>ding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">ASPEED Technology, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Asia Vital Components Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco del Bajio S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anhui Yingliu Electromechanical Co. Ltd. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Elite Material Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Diagnostyka S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">LandMark Optoelectronics Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Gold Circuit Electronics Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Bizlink Holding, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Fositek Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="" src="chartimages_3361016.jpg" style="width: 230px; height: 286px;"/><br/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361021.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">ASPEED Technology, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Asia Vital Components Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco del Bajio S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anhui Yingliu Electromechanical Co. Ltd. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Elite Material Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Diagnostyka S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">LandMark Optoelectronics Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Gold Circuit Electronics Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Bizlink Holding, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Fositek Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.015 0.014 0.014 0.014 0.014 0.014 0.013 0.013 0.013 0.013 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 20pt;">Material Fund <div style="letter-spacing: 0px; top: 0px;display:inline;"><div style="display:inline;">Cha</div>nges</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT <div style="display:inline;"><div style="display:inline;">PRINCIPAL </div></div>STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"> </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913</div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div>.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times,<div style="letter-spacing: 0px; top: 0px;display:inline;"> po</div>tentially hurting performance, increasing expenses, and creating taxable distributions for remai<div style="letter-spacing: 0px; top: 0px;display:inline;">ning</div> shareholders. Large transactions may also raise a Fund’s e<div style="letter-spacing: 0px; top: 0px;display:inline;">xpen</div>se ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT <div style="display:inline;"><div style="display:inline;">PRINCIPAL </div></div>STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"> </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913</div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div>.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times,<div style="letter-spacing: 0px; top: 0px;display:inline;"> po</div>tentially hurting performance, increasing expenses, and creating taxable distributions for remai<div style="letter-spacing: 0px; top: 0px;display:inline;">ning</div> shareholders. Large transactions may also raise a Fund’s e<div style="letter-spacing: 0px; top: 0px;display:inline;">xpen</div>se ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT <div style="display:inline;"><div style="display:inline;">PRINCIPAL </div></div>STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div><div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"> </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913</div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div>. 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 JOHCM Emerging Markets Discovery Fund Institutional Shares JOMMX This semi-annual shareholder report contains important information about the JOHCM Emerging Markets Discovery Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/.You can also request this information by contacting us at <div style="color: rgb(0, 0, 0); letter-spacing: 0px; top: 0px;display:inline;">866-260-9549 (toll free) or 312-557-5913</div>. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">JOHCM Emerging Markets Discovery Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>63</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">1.24<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 63 0.0124 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>78,687,931</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">123</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">82.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 78687931 123 0.8271 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term i<div style="letter-spacing: 0px; top: 0px;display:inline;">nv</div>estments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN <div style="display:inline;">HOLDINGS</div></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">ASPEED Technology, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Asia Vital Components Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco del Bajio S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anhui Yingliu Electromechanical Co. Ltd. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Elite Material Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Diagnostyka S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">LandMark Optoelectronics Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Gold Circuit Electronics Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Bizlink Holding, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Fositek Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="" src="chartimages_3361058.jpg" style="width: 230px; height: 286px;"/><br/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361053.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN <div style="display:inline;">HOLDINGS</div></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">ASPEED Technology, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Asia Vital Components Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco del Bajio S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anhui Yingliu Electromechanical Co. Ltd. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Elite Material Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Diagnostyka S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">LandMark Optoelectronics Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Gold Circuit Electronics Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Bizlink Holding, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Fositek Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.015 0.014 0.014 0.014 0.014 0.014 0.013 0.013 0.013 0.013 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 20pt;">Material Fund Changes</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div><div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"> </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at u<div style="letter-spacing: 0px; top: 0px;display:inline;">nf</div>avorable times, potentially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the F<div style="letter-spacing: 0px; top: 0px;display:inline;">und generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimatel</div>y approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div><div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"> </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at u<div style="letter-spacing: 0px; top: 0px;display:inline;">nf</div>avorable times, potentially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the F<div style="letter-spacing: 0px; top: 0px;display:inline;">und generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimatel</div>y approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div><div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"> </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 JOHCM Emerging Markets Opportunities Fund Advisor Shares JOEIX This semi-annual shareholder report contains important information about the JOHCM Emerging Markets Opportunities Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">JOHCM Emerging Markets Opportunities Fund<br/>(Advisor Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>58</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">1.13<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 58 0.0113 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,430,641,077</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">61</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">21.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1430641077 61 0.21 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">12.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Tencent Holdings Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Hong Kong Exchanges &amp; Clearing Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Itau Unibanco Holding S.A. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anglogold Ashanti PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco BTG Pactual S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Samsung Life Insurance Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Barrick Mining Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Grupo Financiero Banorte S.A.B. de C.V., Series O</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361132.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361127.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">12.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Tencent Holdings Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Hong Kong Exchanges &amp; Clearing Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Itau Unibanco Holding S.A. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anglogold Ashanti PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco BTG Pactual S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Samsung Life Insurance Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Barrick Mining Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Grupo Financiero Banorte S.A.B. de C.V., Series O</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.123 0.062 0.043 0.037 0.034 0.03 0.028 0.027 0.025 0.025 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 20pt;">Material Fund Cha<div style="letter-spacing: 0px; top: 0px;display:inline;">ng</div>es</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 JOHCM Emerging Markets Opportunities Fund Institutional Shares JOEMX This semi-annual shareholder report contains important information about the JOHCM Emerging Markets Opportunities Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">JOHCM Emerging Markets Opportunities Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>54</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">1.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 54 0.0104 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,430,641,077</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">61</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">21.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1430641077 61 0.21 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">12.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Tencent Holdings Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Hong Kong Exchanges &amp; Clearing Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Itau Unibanco Holding S.A. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anglogold Ashanti PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco BTG Pactual S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Samsung Life Insurance Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Barrick Mining Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Grupo Financiero Banorte S.A.B. de C.V., Series O</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361164.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361169.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">12.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Tencent Holdings Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Hong Kong Exchanges &amp; Clearing Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Itau Unibanco Holding S.A. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anglogold Ashanti PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco BTG Pactual S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Samsung Life Insurance Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Barrick Mining Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Grupo Financiero Banorte S.A.B. de C.V., Series O</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.123 0.062 0.043 0.037 0.034 0.03 0.028 0.027 0.025 0.025 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 20pt;">Material Fund Ch<div style="letter-spacing: 0px; top: 0px;display:inline;">an</div>ges</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially <div style="display:inline;"><div style="display:inline;">hurting </div></div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially <div style="display:inline;"><div style="display:inline;">hurting </div></div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 JOHCM Emerging Markets Opportunities Fund Investor Shares JOEAX This semi-annual shareholder report contains important information about the JOHCM Emerging Markets Opportunities Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">JOHCM Emerging Markets Opportunities Fund<br/>(Investor Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>66</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">1.28<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 66 0.0128 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>1,430,641,077</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">61</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">21.00<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 1430641077 61 0.21 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">12.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Tencent Holdings Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Hong Kong Exchanges &amp; Clearing Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Itau Unibanco Holding S.A. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anglogold Ashanti PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco BTG Pactual S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Samsung Life Insurance Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Barrick Mining Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Grupo Financiero Banorte S.A.B. de C.V., Series O</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361206.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361201.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">12.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Tencent Holdings Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Hong Kong Exchanges &amp; Clearing Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Itau Unibanco Holding S.A. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Anglogold Ashanti PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Banco BTG Pactual S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Samsung Life Insurance Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Barrick Mining Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Grupo Financiero Banorte S.A.B. de C.V., Series O</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.123 0.062 0.043 0.037 0.034 0.03 0.028 0.027 0.025 0.025 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 20pt;">Material Fund C<div style="letter-spacing: 0px; top: 0px;display:inline;">hang</div>es</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, <div style="display:inline;">potentially </div><div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, <div style="display:inline;">potentially </div><div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 JOHCM International Opportunities Fund Institutional Shares JOPSX This semi-annual shareholder report contains important information about the JOHCM International Opportunities Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">JOHCM International Opportunities Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>25</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">0.50<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 25 0.005 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>466,228,953</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">39</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">42.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 466228953 39 0.4239 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Deutsche Boerse A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Shell PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Japan Exchange Group, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">QBE Insurance Group Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Leonardo S.p.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Thales S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">National Grid PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Publicis Groupe S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Heidelberg Materials A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SoftBank Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361312.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361317.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Deutsche Boerse A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Shell PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Japan Exchange Group, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">QBE Insurance Group Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Leonardo S.p.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Thales S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">National Grid PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Publicis Groupe S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Heidelberg Materials A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SoftBank Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.049 0.045 0.039 0.035 0.035 0.035 0.033 0.033 0.032 0.031 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 20pt;">Material Fund Cha<div style="letter-spacing: 0px; top: 0px;display:inline;">n</div>ges</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 JOHCM International Select Fund Institutional Shares JOHIX This semi-annual shareholder report contains important information about the JOHCM International Select Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">JOHCM International Select Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>48</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">0.95<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 48 0.0095 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,614,015,849</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">50</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">29.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 2614015849 50 0.2959 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investm<div style="letter-spacing: 0px; top: 0px;display:inline;">ent mak</div>eup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"> <div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP <div style="display:inline;">TEN </div>HOLDINGS</div> </div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Centrica PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Millicom International Cellular S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">E.ON S.E.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Roche Holding A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">National Grid PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Sandoz Group A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Sandvik AB</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">UCB S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Singapore Exchange Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Galderma Group A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361386.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361391.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP <div style="display:inline;">TEN </div>HOLDINGS</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Centrica PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Millicom International Cellular S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">E.ON S.E.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Roche Holding A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">National Grid PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Sandoz Group A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Sandvik AB</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">UCB S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Singapore Exchange Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Galderma Group A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.026 0.025 0.025 0.024 0.023 0.023 0.023 0.023 0.023 0.023 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 20pt;">Material Fund Changes</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks su<div style="letter-spacing: 0px; top: 0px;display:inline;">mma</div>rized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks su<div style="letter-spacing: 0px; top: 0px;display:inline;">mma</div>rized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div><div style="margin-top: 1em; margin-bottom: 1em"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks su<div style="letter-spacing: 0px; top: 0px;display:inline;">mma</div>rized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 JOHCM International Select Fund Investor Shares JOHAX This semi-annual shareholder report contains important information about the JOHCM International Select Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">JOHCM International Select Fund<br/>(Investor Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>59</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">1.18<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 59 0.0118 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>2,614,015,849</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">50</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(0, 0, 0); width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman';">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">29.59<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 2614015849 50 0.2959 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Centrica PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Millicom International Cellular S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">E.ON S.E.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Roche Holding A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">National Grid PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Sandoz Group A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Sandvik AB</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">UCB S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Singapore Exchange Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Galderma Group A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361428.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361423.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(24, 84, 131);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Centrica PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Millicom International Cellular S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">E.ON S.E.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Roche Holding A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">National Grid PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Sandoz Group A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Sandvik AB</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">UCB S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(24, 84, 131); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Singapore Exchange Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Galderma Group A.G.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.026 0.025 0.025 0.024 0.023 0.023 0.023 0.023 0.023 0.023 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(24, 84, 131); font-weight: bold; margin-top: 20pt;">Material Fund C<div style="letter-spacing: 0px; top: 0px;display:inline;">ha</div>nges</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s <div style="display:inline;">expense </div>ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s <div style="display:inline;">expense </div>ratio and disrupt portfolio management, especially when<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(24, 84, 131); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 Trillium ESG Small/Mid Cap Fund Institutional Shares TSMDX This semi-annual shareholder report contains important information about the Trillium ESG Small/Mid Cap Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/Trillium/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/Trillium/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Trillium ESG Small/Mid Cap Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>49</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">0.98<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 49 0.0098 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>29,793,696</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">73</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">13.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 29793696 73 0.1389 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">East West Bancorp, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">New York Times (The) Co. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">MYR Group, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Lincoln Electric Holdings, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SiTime Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Burlington Stores, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Trimble, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">JB Hunt Transport Services, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Webster Financial Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">MSA Safety, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361534.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361539.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">East West Bancorp, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">New York Times (The) Co. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">MYR Group, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Lincoln Electric Holdings, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">SiTime Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Burlington Stores, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Trimble, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">JB Hunt Transport Services, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Webster Financial Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">MSA Safety, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.031 0.029 0.025 0.025 0.024 0.024 0.022 0.022 0.02 0.019 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65); margin-top: 20pt;">Material Fund C<div style="letter-spacing: 0px; top: 0px;display:inline;">han</div>ges </div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions <div style="display:inline;">may </div>cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds. Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions <div style="display:inline;">may </div>cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds. Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/Trillium/ 866-260-9549 (toll free) or 312-557-5913 Trillium ESG Global Equity Fund Institutional Shares PORIX This semi-annual shareholder report contains important information about the Trillium ESG Global Equity Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/Trillium/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/Trillium 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Trillium ESG Global Equity Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>49</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">0.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 49 0.0099 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>695,340,387</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">89</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">10.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 695340387 89 0.1077 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">The tables below show the investment makeup of the Fund, excluding short-term <div style="letter-spacing: 0px; top: 0px;display:inline;">investments</div>, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Alphabet, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">NVIDIA Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">5.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Microsoft Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Apple, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Visa, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">AstraZeneca PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">ASML Holding N.V.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Vertex Pharmaceuticals, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Bank of New York Mellon (The) Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361502.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361497.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Alphabet, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">NVIDIA Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">5.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Microsoft Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Apple, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Visa, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">AstraZeneca PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">ASML Holding N.V.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Vertex Pharmaceuticals, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Bank of New York Mellon (The) Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.06 0.056 0.044 0.034 0.021 0.019 0.016 0.016 0.015 0.015 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65); margin-top: 20pt;">Material Fund Changes </div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions m<div style="letter-spacing: 0px; top: 0px;display:inline;">a</div>y cause a Fund to trade at unfavorable times<div style="letter-spacing: 0px; top: 0px;display:inline;">, pote</div>ntially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on w<div style="letter-spacing: 0px; top: 0px;display:inline;">het</div>her foreign tax authorities ultimately approve or deny expected withholding tax refunds. Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions m<div style="letter-spacing: 0px; top: 0px;display:inline;">a</div>y cause a Fund to trade at unfavorable times<div style="letter-spacing: 0px; top: 0px;display:inline;">, pote</div>ntially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on w<div style="letter-spacing: 0px; top: 0px;display:inline;">het</div>her foreign tax authorities ultimately approve or deny expected withholding tax refunds. Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div> 2026-02-01 connect.rightprospectus.com/Trillium/ 866-260-9549 (toll free) or 312-557-5913 Trillium ESG Global Equity Fund Investor Shares PORTX This semi-annual shareholder report contains important information about the Trillium ESG Global Equity Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/Trillium/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/Trillium/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Fund (Class)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Cost of a $10,000 investment</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Costs paid as a percentage of a $10,000 investment</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;">Trillium ESG Global Equity Fund<br/>(Investor Shares)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>61</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap; vertical-align: bottom;">1.23<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 61 0.0123 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Fund net assets</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>695,340,387</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Total number of portfolio holdings</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;"><div style="letter-spacing: 0px; top: 0px;display:inline;">89</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-weight: normal; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">10.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 695340387 89 0.1077 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">TOP TEN H<div style="display:inline;">OL</div>DINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Alphabet, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">NVIDIA Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">5.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Microsoft Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Apple, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Visa, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">AstraZeneca PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">ASML Holding N.V.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Vertex Pharmaceuticals, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Bank of New York Mellon (The) Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361460.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361465.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; color: rgb(41, 118, 177);">TOP TEN H<div style="display:inline;">OL</div>DINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Alphabet, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">6.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">NVIDIA Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">5.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Microsoft Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Apple, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Visa, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Taiwan Semiconductor Manufacturing Co. Ltd. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">AstraZeneca PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">ASML Holding N.V.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(41, 118, 177); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Vertex Pharmaceuticals, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(0, 0, 0);">Bank of New York Mellon (The) Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(0, 0, 0); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.06 0.056 0.044 0.034 0.021 0.019 0.016 0.016 0.015 0.015 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 45, 65); margin-top: 20pt;">Material Fund Changes </div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s <div style="display:inline;">expense </div>ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreig<div style="letter-spacing: 0px; top: 0px;display:inline;">n w</div>ithholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds. Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders. Large transactions may also raise a Fund’s <div style="display:inline;">expense </div>ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(0, 0, 0); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreig<div style="letter-spacing: 0px; top: 0px;display:inline;">n w</div>ithholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds. Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus. For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;"></div><div style="text-decoration-line: underline; color: rgb(41, 118, 177); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/Trillium/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/Trillium/ 866-260-9549 (toll free) or 312-557-5913 TSW Emerging Markets Fund Institutional Shares TSWMX This semi-annual shareholder report contains important information about the TSW Emerging Markets Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 investment</div></td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; vertical-align: bottom;">TSW Emerging Markets Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>51</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; white-space: nowrap; vertical-align: bottom;">0.99<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 51 0.0099 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>6,011,712</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;">58</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;">21.77<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 6011712 58 0.2177 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">TOP TEN HOLDINGS</div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Taiwan Semiconductor Manufacturing Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">12.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Samsung Electronics Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">6.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Tencent Holdings Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Shinhan Financial Group Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Naspers Ltd. - Class N</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Alibaba Group Holding Ltd. - Class W</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Georgia Capital PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Zijin Mining Group Co. Ltd. - Class H</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Hyundai Motor Co.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Krafton, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> </div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361608.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361613.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">TOP TEN HOLDINGS</div><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Taiwan Semiconductor Manufacturing Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">12.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Samsung Electronics Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">6.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Tencent Holdings Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Shinhan Financial Group Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Naspers Ltd. - Class N</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Alibaba Group Holding Ltd. - Class W</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Georgia Capital PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Zijin Mining Group Co. Ltd. - Class H</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Hyundai Motor Co.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Krafton, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.12 0.068 0.042 0.028 0.028 0.024 0.022 0.021 0.02 0.02 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold; margin-top: 20pt;">Material Fund Ch<div style="letter-spacing: 0px; top: 0px;display:inline;">ang</div>es </div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at <div style="display:inline;">unfavorable </div>times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div><div style="margin-top: 1em; margin-bottom: 1em"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at <div style="display:inline;">unfavorable </div>times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 TSW High Yield Bond Fund Institutional Shares TSWHX This semi-annual shareholder report contains important information about the TSW High Yield Bond Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 investment</div></td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; vertical-align: bottom;">TSW High Yield Bond Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>33</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; white-space: nowrap; vertical-align: bottom;">0.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 33 0.0065 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>9,128,731</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;">58</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;">23.66<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 9128731 58 0.2366 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt; box-sizing: border-box; display: table-cell; float: none;"> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">TOP TEN HOLDINGS</div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Fortress Transportation and Infrastructure Investors LLC, 7.00%, 06/15/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Bath &amp; Body Works, Inc., 6.88%, 11/01/35</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Iron Mountain, Inc., 6.25%, 01/15/33</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Graphic Packaging International LLC, 6.38%, 07/15/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">American Axle &amp; Manufacturing, Inc., 7.75%, 10/15/33</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Gen Digital, Inc., 6.25%, 04/01/33</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">StoneX Group, Inc., 7.88%, 03/01/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Herc Holdings, Inc., 7.25%, 06/15/33</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">JB Poindexter &amp; Co., Inc., 8.75%, 12/15/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Brundage-Bone Concrete Pumping Holdings, Inc., 7.50%, 02/01/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> </div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">ASSET TYPE ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361650.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">TOP TEN HOLDINGS</div><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Fortress Transportation and Infrastructure Investors LLC, 7.00%, 06/15/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Bath &amp; Body Works, Inc., 6.88%, 11/01/35</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Iron Mountain, Inc., 6.25%, 01/15/33</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Graphic Packaging International LLC, 6.38%, 07/15/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">American Axle &amp; Manufacturing, Inc., 7.75%, 10/15/33</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Gen Digital, Inc., 6.25%, 04/01/33</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">StoneX Group, Inc., 7.88%, 03/01/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Herc Holdings, Inc., 7.25%, 06/15/33</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">JB Poindexter &amp; Co., Inc., 8.75%, 12/15/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Brundage-Bone Concrete Pumping Holdings, Inc., 7.50%, 02/01/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 0.034 0.032 0.027 0.027 0.027 0.027 0.026 0.022 0.022 0.022 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold; margin-top: 20pt;">Material Fund Changes </div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks sum<div style="letter-spacing: 0px; top: 0px;display:inline;">ma</div>rized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="margin-top: 1em; margin-bottom: 1em"></div> <div style="margin-top: 1em; margin-bottom: 1em"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may <div style="display:inline;">cause </div>a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks sum<div style="letter-spacing: 0px; top: 0px;display:inline;">ma</div>rized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks sum<div style="letter-spacing: 0px; top: 0px;display:inline;">ma</div>rized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may <div style="display:inline;">cause </div>a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 TSW Large Cap Value Fund Institutional Shares TSWEX This semi-annual shareholder report contains important information about the TSW Large Cap Value Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 investment</div></td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; vertical-align: bottom;">TSW Large Cap Value Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>37</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; white-space: nowrap; vertical-align: bottom;">0.73<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table> 37 0.0073 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>36,037,207</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;">41</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;">13.82<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 36037207 41 0.1382 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Crown Castle, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Charter Communications, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Chevron Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Kraft Heinz (The) Co.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Dominion Energy, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Evergy, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Berkshire Hathaway, Inc. - Class B</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Anheuser-Busch InBev S.A./N.V. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Kinder Morgan, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Regeneron Pharmaceuticals, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361682.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361687.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Crown Castle, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Charter Communications, Inc. - Class A</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Chevron Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Kraft Heinz (The) Co.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Dominion Energy, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Evergy, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Berkshire Hathaway, Inc. - Class B</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Anheuser-Busch InBev S.A./N.V. - ADR</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Kinder Morgan, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Regeneron Pharmaceuticals, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.045 0.044 0.041 0.041 0.039 0.039 0.038 0.035 0.032 0.028 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold; margin-top: 20pt;">Material Fund <div style="display:inline;">Changes</div> </div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavor<div style="letter-spacing: 0px; top: 0px;display:inline;">abl</div>e times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset <div style="letter-spacing: 0px; top: 0px;display:inline;">valu</div>e of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavor<div style="letter-spacing: 0px; top: 0px;display:inline;">abl</div>e times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset <div style="letter-spacing: 0px; top: 0px;display:inline;">valu</div>e of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 TSW Core Plus Bond Fund Institutional Shares TSWFX This semi-annual shareholder report contains important information about the TSW Core Plus Bond Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/JOHCM/. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold;">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">(Based on a hypothetical $10,000 investment)</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; margin-bottom: 10pt;"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 investment</div></td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; vertical-align: bottom;">TSW Core Plus Bond Fund<br/>(Institutional Shares)</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; vertical-align: bottom;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>25</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; white-space: nowrap; vertical-align: bottom;">0.50<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div><div style="letter-spacing: 0px; top: 0px;display:inline;"></div></td></tr></table></div> 25 0.005 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold; margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman';">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>80,406,779</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;">136</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="font-size: 9pt; color: rgb(0, 0, 0); break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; white-space: nowrap;">17.09<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 80406779 136 0.1709 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold;">Graphical Representation of Holdings</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman';">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 4.25%, 08/15/35</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 3.88%, 08/15/34</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 4.00%, 03/31/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Fannie Mae Pool #MA5313, 5.50%, 03/01/44</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Bonds, 4.13%, 08/15/44</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 3.63%, 09/30/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 4.13%, 10/31/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Fannie Mae Pool #MA5498, 6.00%, 10/01/54</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 3.75%, 11/30/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Freddie Mac Pool #SD8233, 5.00%, 07/01/52</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">ASSET TYPE ALLOCATION</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman'; padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361576.jpg" style="width: 172.8pt;"/> </div></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(0, 0, 0);">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; color: rgb(0, 0, 0); font-family: 'Times New Roman';"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 4.25%, 08/15/35</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 3.88%, 08/15/34</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">4.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 4.00%, 03/31/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Fannie Mae Pool #MA5313, 5.50%, 03/01/44</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Bonds, 4.13%, 08/15/44</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 3.63%, 09/30/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 4.13%, 10/31/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">2.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Fannie Mae Pool #MA5498, 6.00%, 10/01/54</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">U.S. Treasury Notes, 3.75%, 11/30/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(9, 116, 164);">Freddie Mac Pool #SD8233, 5.00%, 07/01/52</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.04 0.04 0.031 0.028 0.027 0.021 0.02 0.018 0.018 0.018 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; color: rgb(9, 116, 164); font-weight: bold; margin-top: 20pt;">Material Fund Ch<div style="letter-spacing: 0px; top: 0px;display:inline;">ang</div>es </div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially <div style="display:inline;">hurting </div>performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; color: rgb(0, 0, 0); margin-top: 0; font-family: 'Times New Roman'; margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(0, 0, 0); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/JOHCM/</div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/JOHCM/ 866-260-9549 (toll free) or 312-557-5913 Barrow Hanley US Value Opportunities Fund Institutional Shares BVOIX This semi-annual shareholder report contains important information about the Barrow Hanley US Value Opportunities Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/BarrowHanley. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/BarrowHanley 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 Investment</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;">Barrow Hanley US Value Opportunities Fund<br/>(Institutional Shares)</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>36</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">0.71<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 36 0.0071 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>88,832,652</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">72</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">32.91<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 88832652 72 0.3291 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The tables below show the investment makeup of the <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund</div>, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Alphabet, Inc. - Class C</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Exxon Mobil Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Chevron Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Merck &amp; Co., Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Berkshire Hathaway, Inc. - Class B</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Johnson Controls International PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bank of America Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Entergy Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Coherent Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Qnity Electronics, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361871.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361866.jpg" style="width: 172.8pt;"/> </div><div style="margin-block: 0em;"> </div></div></div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Alphabet, Inc. - Class C</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Exxon Mobil Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Chevron Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Merck &amp; Co., Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Berkshire Hathaway, Inc. - Class B</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Johnson Controls International PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bank of America Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Entergy Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Coherent Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Qnity Electronics, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.033 0.032 0.024 0.024 0.023 0.022 0.021 0.021 0.019 0.018 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 20pt;">M<div style="letter-spacing: 0px; top: 0px;display:inline;">ateria</div>l <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund </div><div style="letter-spacing: 0px; top: 0px;display:inline;">Changes</div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at <div style="display:inline;">unfavorable </div>times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at <div style="display:inline;">unfavorable </div>times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/BarrowHanley/ 866-260-9549 (toll free) or 312-557-5913 Barrow Hanley Total Return Bond Fund Institutional Shares BTRIX This semi-annual shareholder report contains important information about the Barrow Hanley Total Return Bond Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/BarrowHanley. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/BarrowHanley 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 Investment</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;">Barrow Hanley Total Return Bond Fund<br/>(Institutional Shares)</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>18</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">0.35<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 18 0.0035 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>174,356,893</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">231</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">33.72<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 174356893 231 0.3372 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The tables below show the investment makeup of the Fund, <div style="letter-spacing: 0px; top: 0px;display:inline;">excluding </div>short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">U.S. Treasury Notes, 4.88%, 04/30/26</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">12.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">U.S. Treasury Notes, 4.13%, 02/15/36</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">CaixaBank S.A., 5.58%, 07/03/36</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">U.S. Treasury Bonds, 4.75%, 08/15/55</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Fannie Mae Pool #FM8787, 2.50%, 10/01/51</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">U.S. Treasury Notes, 3.50%, 02/28/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Freddie Mac Pool #SL1016, 5.50%, 05/01/55</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">NRTH Commercial Mortgage Trust, Series 2025-PARK - Class A, 5.07%, 10/15/40</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Fannie Mae Pool #FS3744, 2.00%, 07/01/51</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Fannie Mae Pool #BV8017, 4.50%, 08/01/52</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">ASSET TYPE ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361756.jpg" style="width: 172.8pt;"/> </div><div style="margin-block: 0em;"> </div></div></div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">U.S. Treasury Notes, 4.88%, 04/30/26</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">12.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">U.S. Treasury Notes, 4.13%, 02/15/36</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">CaixaBank S.A., 5.58%, 07/03/36</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">U.S. Treasury Bonds, 4.75%, 08/15/55</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Fannie Mae Pool #FM8787, 2.50%, 10/01/51</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">U.S. Treasury Notes, 3.50%, 02/28/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Freddie Mac Pool #SL1016, 5.50%, 05/01/55</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">NRTH Commercial Mortgage Trust, Series 2025-PARK - Class A, 5.07%, 10/15/40</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Fannie Mae Pool #FS3744, 2.00%, 07/01/51</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Fannie Mae Pool #BV8017, 4.50%, 08/01/52</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.121 0.026 0.016 0.015 0.013 0.013 0.013 0.013 0.012 0.012 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 20pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Material </div>Fu<div style="letter-spacing: 0px; top: 0px;display:inline;">nd</div> <div style="letter-spacing: 0px; top: 0px;display:inline;">Changes</div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, <div style="display:inline;">potentially </div>hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, <div style="display:inline;">potentially </div>hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/BarrowHanley/ 866-260-9549 (toll free) or 312-557-5913 Barrow Hanley International Value Fund Institutional Shares BNIVX This semi-annual shareholder report contains important information about the Barrow Hanley International Value Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/BarrowHanley. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/BarrowHanley 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 Investment</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;">Barrow Hanley International Value Fund<br/>(Institutional Shares)</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>47</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">0.89<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 47 0.0089 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>12,233,106</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">61</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">23.28<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 12233106 61 0.2328 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Graphical Representation <div style="letter-spacing: 0px; top: 0px;display:inline;">of </div>Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Equinor ASA</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Aker BP ASA</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Julius Baer Group Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">TOTO Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Snam S.p.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Sensata Technologies Holding PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MISUMI Group, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Omron Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">SCOR S.E.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">BNP Paribas S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361904.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361909.jpg" style="width: 172.8pt;"/> </div><div style="margin-block: 0em;"> </div></div></div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Equinor ASA</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Aker BP ASA</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Julius Baer Group Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">TOTO Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Snam S.p.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Sensata Technologies Holding PLC</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MISUMI Group, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Omron Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">SCOR S.E.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">BNP Paribas S.A.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.031 0.024 0.024 0.023 0.023 0.021 0.021 0.021 0.021 0.021 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 20pt;">M<div style="letter-spacing: 0px; top: 0px;display:inline;">at</div>erial <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund </div><div style="letter-spacing: 0px; top: 0px;display:inline;">Changes</div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, <div style="display:inline;">potentially </div>hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, <div style="display:inline;">potentially </div>hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/BarrowHanley/ 866-260-9549 (toll free) or 312-557-5913 Barrow Hanley Floating Rate Fund Institutional Shares BFRNX This semi-annual shareholder report contains important information about the Barrow Hanley Floating Rate Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/BarrowHanley. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/BarrowHanley 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 Investment</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;">Barrow Hanley Floating Rate Fund<br/>(Institutional Shares)</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>31</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">0.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 31 0.0061 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>102,210,603</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">177</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">36.39<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 102210603 177 0.3639 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP <div style="display:inline;">TEN </div>HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Koppers, Inc., Term B-2 Loan, 6.17%, 04/10/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Chemours (The) Co., Tranche B-4 US$ Term Loan, 7.17%, 10/15/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Magnite, Inc., Amendment No. 2 Initial Term Loan, 6.67%, 02/06/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Global IID Parent LLC, 2025 Refinancing Term B Loan, 8.21%, 12/16/28</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">BCPE Empire Holdings, Inc., Amendment No. 8 Incremental Term Loan, 6.92%, 12/11/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MED ParentCo L.P., Eleventh Amendment Refinancing Term Loan, 6.67%, 04/15/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Agiliti Health, Inc., Term Loan, 6.58%, 05/01/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Acrisure LLC, 2025 Term B Loan, 6.92%, 06/21/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MH Sub I LLC, 2023 May Incremental Term Loan, 7.92%, 05/03/28</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Greystone Select Financial LLC, Initial Term Loan, 8.93%, 06/16/28</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">ASSET TYPE ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361830.jpg" style="width: 172.8pt;"/> </div><div style="margin-block: 0em;"> </div></div></div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP <div style="display:inline;">TEN </div>HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Koppers, Inc., Term B-2 Loan, 6.17%, 04/10/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Chemours (The) Co., Tranche B-4 US$ Term Loan, 7.17%, 10/15/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Magnite, Inc., Amendment No. 2 Initial Term Loan, 6.67%, 02/06/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Global IID Parent LLC, 2025 Refinancing Term B Loan, 8.21%, 12/16/28</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">BCPE Empire Holdings, Inc., Amendment No. 8 Incremental Term Loan, 6.92%, 12/11/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MED ParentCo L.P., Eleventh Amendment Refinancing Term Loan, 6.67%, 04/15/31</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Agiliti Health, Inc., Term Loan, 6.58%, 05/01/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Acrisure LLC, 2025 Term B Loan, 6.92%, 06/21/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MH Sub I LLC, 2023 May Incremental Term Loan, 7.92%, 05/03/28</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Greystone Select Financial LLC, Initial Term Loan, 8.93%, 06/16/28</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.021 0.018 0.015 0.015 0.015 0.014 0.013 0.013 0.012 0.012 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 20pt;">M<div style="letter-spacing: 0px; top: 0px;display:inline;">ate</div>rial <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund </div><div style="letter-spacing: 0px; top: 0px;display:inline;">Changes</div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, <div style="display:inline;">potentially </div>hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, <div style="display:inline;">potentially </div>hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/BarrowHanley/ 866-260-9549 (toll free) or 312-557-5913 Barrow Hanley Emerging Markets Value Fund Institutional Shares BEMVX This semi-annual shareholder report contains important information about the Barrow Hanley Emerging Markets Value Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/BarrowHanley. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/BarrowHanley 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 Investment</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;">Barrow Hanley Emerging Markets Value Fund<br/>(Institutional Shares)</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>52</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">0.98<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 52 0.0098 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>4,052,322</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">66</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">21.49<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 4052322 66 0.2149 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The tables below <div style="letter-spacing: 0px; top: 0px;display:inline;">show </div>the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">4.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Samsung Electro-Mechanics Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">4.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bizlink Holding, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MediaTek, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Hyundai Motor Co.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Parex Resources, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Ping An Insurance Group Co. of China Ltd. - Class H</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bank Mandiri Persero Tbk PT</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Korea Electric Power Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">LG Electronics, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361945.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361940.jpg" style="width: 172.8pt;"/> </div><div style="margin-block: 0em;"> </div></div></div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">4.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Samsung Electro-Mechanics Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">4.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bizlink Holding, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MediaTek, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Hyundai Motor Co.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.2<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Parex Resources, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Ping An Insurance Group Co. of China Ltd. - Class H</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bank Mandiri Persero Tbk PT</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Korea Electric Power Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">LG Electronics, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.048 0.046 0.035 0.033 0.032 0.024 0.023 0.021 0.019 0.019 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 20pt;">Ma<div style="letter-spacing: 0px; top: 0px;display:inline;">ter</div>ial <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund </div><div style="letter-spacing: 0px; top: 0px;display:inline;">Changes</div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “<div style="display:inline;">ADDITIONAL </div>INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current <div style="display:inline;">shareholders </div>benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “<div style="display:inline;">ADDITIONAL </div>INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current <div style="display:inline;">shareholders </div>benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “<div style="display:inline;">ADDITIONAL </div>INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/BarrowHanley/ 866-260-9549 (toll free) or 312-557-5913 Barrow Hanley Credit Opportunities Fund Institutional Shares BCONX This semi-annual shareholder report contains important information about the Barrow Hanley Credit Opportunities Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/BarrowHanley. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/BarrowHanley 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 Investment</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;">Barrow Hanley Credit Opportunities Fund<br/>(Institutional Shares)</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>33</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">0.65<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 33 0.0065 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>113,155,210</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">119</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">13.61<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 113155210 119 0.1361 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The tables below show the investment makeup of the Fund, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-direction: row; flex-wrap: nowrap; display: table; width: 100%; table-layout: fixed;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP <div style="display:inline;">TEN </div>HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Barrow Hanley Floating Rate Fund, 0.00%,</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">20.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bread Financial Holdings, Inc., 8.38%, 06/15/35</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">PROG Holdings, Inc., 6.00%, 11/15/29</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">ILFC E-Capital Trust I, 6.38%, 12/21/65</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Mativ Holdings, Inc., 8.00%, 10/01/29</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">ITT Holdings LLC, 6.50%, 08/01/29</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">B&amp;G Foods, Inc., 8.00%, 09/15/28</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Acrisure LLC/Acrisure Finance, Inc., 6.75%, 07/01/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MPT Operating Partnership L.P./MPT Finance Corp., 8.50%, 02/15/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Arbor Realty SR, Inc., 7.88%, 07/15/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt; box-sizing: border-box; display: table-cell; float: none;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">ASSET TYPE ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361797.jpg" style="width: 172.8pt;"/> </div><div style="margin-block: 0em;"> </div></div></div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP <div style="display:inline;">TEN </div>HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Barrow Hanley Floating Rate Fund, 0.00%,</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">20.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bread Financial Holdings, Inc., 8.38%, 06/15/35</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">PROG Holdings, Inc., 6.00%, 11/15/29</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">ILFC E-Capital Trust I, 6.38%, 12/21/65</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Mativ Holdings, Inc., 8.00%, 10/01/29</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">ITT Holdings LLC, 6.50%, 08/01/29</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">B&amp;G Foods, Inc., 8.00%, 09/15/28</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Acrisure LLC/Acrisure Finance, Inc., 6.75%, 07/01/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MPT Operating Partnership L.P./MPT Finance Corp., 8.50%, 02/15/32</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Arbor Realty SR, Inc., 7.88%, 07/15/30</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">1.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.206 0.026 0.019 0.018 0.018 0.018 0.018 0.017 0.016 0.016 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 20pt;">M<div style="letter-spacing: 0px; top: 0px;display:inline;">at</div>erial <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund </div><div style="letter-spacing: 0px; top: 0px;display:inline;">Changes</div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund <div style="display:inline;">to </div>trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund <div style="display:inline;">to </div>trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current shareholders benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913.</div><div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/BarrowHanley/ 866-260-9549 (toll free) or 312-557-5913 Barrow Hanley Concentrated Emerging Markets ESG Opportunities Fund Institutional Shares BEOIX This semi-annual shareholder report contains important information about the Barrow Hanley Concentrated Emerging Markets ESG Opportunities Fund (the “Fund”) for the period of October 1, 2025 to March 31, 2026. semi-annual shareholder report You can find additional information about the Fund atconnect.rightprospectus.com/BarrowHanley. You can also request this information by contacting us at 866-260-9549 (toll free) or 312-557-5913. connect.rightprospectus.com/BarrowHanley 866-260-9549 (toll free) or 312-557-5913 This report describes changes to the Fund that occurred during the reporting period. <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Fund Expenses for the Last Six Months</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">(Based on a hypothetical $10,000 investment)</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-after: avoid; break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt;"><td style="font-size: 9pt; break-inside: avoid; padding: 6pt 3pt 3pt; text-align: left; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Fund (Class)</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Cost of a $10,000 Investment</div></td><td style="font-size: 9pt; break-inside: avoid; text-align: right; padding: 6pt 3pt 3pt; font-family: &quot;Times New Roman&quot;; color: rgb(8, 33, 38); vertical-align: bottom;"><div style="font-weight:bolder;display:inline;">Costs paid as a percentage of a $10,000 investment</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; text-align: left; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;">Barrow Hanley Concentrated Emerging Markets ESG Opportunities Fund<br/>(Institutional Shares)</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>56</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">1.04<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 56 0.0104 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 10pt;">Key Fund Statistics</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The following table outlines key fund statistics that you should pay attention to.</div> <table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Fund net assets</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;"><div style="float: none; letter-spacing: 0px; top: 0px;display:inline;">$</div>7,579,155</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(0, 0, 0); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Total number of portfolio holdings</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">40</td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; color: rgb(8, 33, 38); font-size: 9pt; width: 40%; text-align: left; font-family: 'Times New Roman'; font-weight: normal;">Portfolio turnover rate as of the end of the reporting period</td><td style="break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 10pt; padding-bottom: 3pt; padding-left: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); font-size: 9pt; white-space: nowrap;">16.27<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table> 7579155 40 0.1627 <div style="margin-top: 0; font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73);">Graphical Representation of Holdings</div> <div style="font-size: 9pt; margin-top: 0; margin-bottom: 10pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);">The tables below show the investment makeup of the <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund</div>, excluding short-term investments, represented as a percentage of the total net assets of the Fund.</div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); display: flex; flex-direction: row; flex-wrap: nowrap;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-right: 10pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">6.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Samsung Electro-Mechanics Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bizlink Holding, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Hyundai Motor Co.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MediaTek, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">B3 S.A. - Brasil Bolsa Balcao</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Ping An Insurance Group Co. of China Ltd. - Class H</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Amorepacific Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Saudi National Bank (The)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">ASMPT Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; padding-right: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">SECTOR ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 1 Chart" src="chartimages_3361724.jpg" style="width: 172.8pt;"/> </div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); flex-grow: 1; flex-shrink: 1; flex-basis: 0px; padding-left: 10pt; border-left-color: rgb(0, 0, 0); border-left-style: solid; border-left-width: 0.5pt;"><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; font-family: 'Arial'; color: rgb(135, 0, 255); letter-spacing: 1.25px; text-transform: uppercase; text-align: center; padding-bottom: 5pt; border-bottom-color: rgb(135, 0, 255); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0;">GEOGRAPHICAL ALLOCATION</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38); padding-left: 0;"><img alt="Graphical Representation - Allocation 2 Chart" src="chartimages_3361719.jpg" style="width: 172.8pt;"/> </div><div style="margin-block: 0em;"> </div></div></div> <div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><div style="font-size: 9pt; margin-top: 5pt; margin-bottom: 5pt; letter-spacing: 1.25px; text-transform: uppercase; padding-bottom: 5pt; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 1pt; margin-right: 0; margin-left: 0; font-family: 'Times New Roman'; font-weight: bold; color: rgb(8, 33, 38); text-align: center;">TOP TEN HOLDINGS</div></div><div style="font-size: 9pt; font-family: 'Times New Roman'; color: rgb(8, 33, 38);"><table style="text-align:start; width: 100%; border-collapse: collapse; page-break-inside: avoid; break-inside: avoid;"><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">SK hynix, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">6.9<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Samsung Electro-Mechanics Co. Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">5.1<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Bizlink Holding, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">4.4<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Hyundai Motor Co.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.7<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">MediaTek, Inc.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">B3 S.A. - Brasil Bolsa Balcao</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.5<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Ping An Insurance Group Co. of China Ltd. - Class H</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.3<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Amorepacific Corp.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">3.0<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: rgb(8, 33, 38); border-bottom-style: solid; border-bottom-width: 0.5pt;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">Saudi National Bank (The)</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.8<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr><tr style="break-inside: avoid-page; page-break-inside: avoid; height: auto; border-bottom-color: initial; border-bottom-style: none; border-bottom-width: initial;"><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; vertical-align: middle; padding-top: 6pt; padding-right: 3pt; padding-bottom: 3pt; padding-left: 12pt; text-align: left; font-family: 'Times New Roman'; color: rgb(68, 139, 73);">ASMPT Ltd.</td><td style="font-size: 9pt; break-inside: avoid-page; page-break-inside: avoid; text-align: right; vertical-align: middle; padding-top: 6pt; padding-right: 12pt; padding-bottom: 3pt; padding-left: 3pt; font-family: 'Times New Roman'; color: rgb(68, 139, 73); white-space: nowrap;">2.6<div style="letter-spacing: 0px; top: 0px;display:inline;">%</div></td></tr></table></div> 0.069 0.051 0.044 0.037 0.036 0.035 0.033 0.03 0.028 0.026 <div style="font-size: 11.52pt; margin-bottom: 3pt; font-family: 'Times New Roman'; font-weight: bold; color: rgb(68, 139, 73); margin-top: 20pt;"><div style="letter-spacing: 0px; top: 0px;display:inline;">Ma</div>terial <div style="letter-spacing: 0px; top: 0px;display:inline;">Fund </div><div style="letter-spacing: 0px; top: 0px;display:inline;">Changes</div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913</div>.<div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current <div style="display:inline;">shareholders </div>benefit if an unaccrued withholding tax refund is received.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;">Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913</div>.<div style="color:#000000;display:inline;"></div></div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Large Transactions Risk.</div> </div> Large shareholder purchases or redemptions may cause a Fund to trade at unfavorable times, potentially hurting performance, increasing expenses, and creating taxable distributions for remaining shareholders.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Large transactions may also raise a Fund’s expense ratio and disrupt portfolio management, especially when redemptions shrink the Fund’s asset base.</div> <div style="font-size: 9pt; margin-top: 0; font-family: 'Times New Roman'; color: rgb(8, 33, 38); margin-bottom: 7.5pt;"><div style="font-weight:bolder;display:inline;"><div style="font-style:italic;display:inline;">Withholding Tax Reclaims Risk.</div> </div> Where a Fund expects to recover foreign withholding tax, the net asset value of the Fund generally includes accruals for such tax refunds. A Fund’s net asset value can rise or fall depending on whether foreign tax authorities ultimately approve or deny expected withholding tax refunds.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>Shareholders at the time of a write‑down of withholding tax accruals bear the loss, while only current <div style="display:inline;">shareholders </div>benefit if an unaccrued withholding tax refund is received.</div> Effective February 1, 2026, the Fund added the risks summarized below to the “ADDITIONAL INFORMATION ABOUT PRINCIPAL STRATEGIES AND RISKS OF THE FUNDS – Summary of Principal and Non-Principal Risks” section of the Fund’s Prospectus.<div style="white-space: nowrap; letter-spacing: 0px; top: 0px;display:inline;"> </div>For the complete risk disclosure, you may review the Fund’s Prospectus dated February 1, 2026, at <div style="text-decoration-line: underline; color: rgb(8, 33, 38); font-size: 9pt; font-family: &quot;Times New Roman&quot;; letter-spacing: 0px; top: 0px;display:inline;">connect.rightprospectus.com/BarrowHanley/ </div> or upon request at <div style="color:#000000;display:inline;">866-260-9549 (toll free) or 312-557-5913</div>.<div style="color:#000000;display:inline;"></div> 2026-02-01 connect.rightprospectus.com/BarrowHanley/ 866-260-9549 (toll free) or 312-557-5913