Risks: Equity securities may decline in value due to both real and perceived general market, economic, and industry conditions. Investing in Chinese securities involves a higher degree of risk and special considerations not typically associated with investing in other more established economies or securities markets. Investment exposure to China may subject the strategy to the risks of adverse securities markets, exchange rates and social, political, regulatory, economic, or environmental events and natural disasters that may occur in the China region. The strategy is subject to risks applicable to investing via the Stock Connect, such as quota limitations, suspensions in trading, price fluctuations when the Stock Connect is not trading but the PRC market is open, and operational risk. Investing in smaller capitalization companies involves special risks, including higher volatility and lower liquidity. Different investment styles may shift in and out of favor depending on market conditions. Individual securities may not perform as expected or a strategy used by the Adviser may fail to produce its intended result. To the extent that investments are concentrated amongst a small number of issuers, the strategy may be more susceptible to adverse developments affecting any single issuer. Diversification does not ensure against loss. Past performance is not indicative of future returns.