International Opportunities Fund
Performance1 as of 9/30/2019
||Average Annualized Returns
|■Marsico International Opportunities Fund
|■MSCI EAFE Index2
|■MSCI All Country World ex USA Index2
|■Lipper International Multi-Cap Growth Index3
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1 For a performance comparison as of the most recent month-end click here. Performance data quoted represents past performance. Investment return and principal will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. Current performance may be lower or higher than the performance information quoted. A Fund's performance, especially for short time periods, should not be the sole factor in making an investment decision.
Please consider the Fund's investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information about the Fund, click here or call 888-860-8686. Please read the prospectus carefully before investing.
2 The MSCI EAFE Index is a free float-adjusted market capitalization index that is designed to measure the equity market performance of developed markets, excluding the U.S. and Canada. The MSCI All Country World ex USA Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed and emerging markets, excluding the U.S. Sources of foreign exchange rates may be different between the Fund and the benchmarks. The indexes described above are unmanaged and not available for direct investment. For comparison purposes, it should be noted that the indexes described above do not charge fees and have no expenses.
3 Lipper Inc., A Refinitiv Company, is a nationally recognized organization that measures the performance of mutual funds within a universe of funds that have similar investment objectives. Returns are historical with capital gains and dividends reinvested. The Lipper International Multi-Cap Growth Index is an unmanaged index that, by portfolio practice, invests in a variety of market capitalization ranges without concentrating 75% of its equity assets in any one market capitalization range over an extended period of time.
4 As of the Fund's 2/1/2019 prospectus, as supplemented; 1.65% gross, 1.50% net.
Marsico Capital Management, LLC, the investment adviser to the Fund (the
"Adviser"), has entered into a written expense limitation and fee
waiver agreement under which it has agreed to limit the total expenses of the
International Opportunities Fund (excluding taxes, interest, acquired fund fees
and expenses, litigation, extraordinary expenses, brokerage and other
transaction expenses relating to the purchase or sale of portfolio investments)
to an annual rate of 1.50% of the Fund's average net assets until January 31, 2020. This expense
limitation and fee waiver agreement may be terminated by the Adviser at any
time after January 31, 2020 upon 15 days prior notice to the Fund and its administrator, provided that no
such modification will be made in a manner inconsistent with the terms of the
current prospectus. The Adviser may recoup from the Fund fees previously waived
or expenses previously reimbursed by the Adviser with respect to the Fund pursuant to this
agreement (or a previous expense limitation agreement) if: (1) such recoupment
by the Adviser does not cause the Fund, at the time of recoupment, to exceed
the lesser of (a) the expense limitation in effect at the time the relevant
amount was waived and/or reimbursed, or (b) the expense limitation in effect at
the time of the proposed recoupment, and (2) the recoupment is made within
three years after the fiscal year end date as of which the amount to be waived
or reimbursed was determined and the waiver or reimbursement occurred.