Polar Capital Emerging Market Stars Fund Polar Capital Emerging Market Stars Fund Shares Risks Associated with Investing in Equities ESG Investing Risk Risks Associated with Investing in Emerging Markets Investment in China Stock Connect Investing Risk Variable Interest Entity Risk Derivatives Risk Market Risk Liquidity Risk Counterparty and Third-Party Risk Large Transactions Risk Management Risk Risks Associated with Changes to Non-U.S. Tax Laws Participatory Notes Risk Currency Risk Custody Risk Cyber Security Risk Focused Investing Risk MSCI Emerging Markets Index (reflects no deductions for fees or expenses) Polar Capital International Small Company Fund Polar Capital International Small Company Fund Shares Small Companies Risk Micro-Cap Companies Risk Non-U.S. Securities Risk IPO Risk MSCI ACWI ex USA Small Cap Index (reflects no deductions for fees or expenses) MSCI ACWI ex USA Investable Market Index (reflects no deductions for fees or expenses)