October 2021 Distribution Estimates

The following table provides estimated distribution amounts for the Marsico Funds. The Marsico Funds typically pay a distribution annually in December and anticipate doing so in December 2021. However, dividends and capital gains may be distributed at other times as well and the Marsico Funds have elected to make a distribution of capital gains on October 1, 2021 to shareholders of record as of September 30, 2021.

This information is being provided to assist shareholders in their investment planning. It is important to note that these estimated distribution amounts are based upon projected results. Actual capital gains amounts and shares outstanding may change significantly between the time these estimates were prepared and the distribution date. As a result, actual distributions may vary, in some cases substantially, from these estimates. Distribution amounts may be higher or lower than the information presented below. Distributions will be paid on October 1, 2021.

Fund	Ticker Symbol	Income	Short-Term Capital Gains	Long-Term Capital Gains	Total Distribution
Focus Fund	MFOCX	$0.00	$0.51	$2.71	$3.22
Growth Fund	MGRIX	$0.00	$1.94	$6.13	$8.07
Midcap Growth Focus Fund	MXXIX	$0.00	$0.32	$5.26	$5.58
International Opportunities Fund	MIOFX	$0.00	$0.84	$1.99	$2.83
Global Fund	MGLBX	$0.00	$0.52	$3.34	$3.86

Investment Insights and Performance

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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.

Investments in mutual funds carry risks and investors may lose principal value. Click here for the principal risks of investing in the Funds. Please read the prospectus carefully before investing as it explains the risks associated with investing in the mutual funds.

The Morningstar Rating^TM for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. ©Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

Past performance is no guarantee of future results. Recent performance may have been negative.

UMB Distribution Services, LLC, is the distributor of The Marsico Investment Fund. Check the background of UMB Distribution Services on FINRA's BrokerCheck.

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, call 888-860-8686 or visit www.marsicofunds.com. Please read the prospectus carefully before investing.

The Focus Fund is classified as a non-diversified portfolio, which means it may hold fewer securities than a diversified fund because it is permitted to invest a greater percentage of its assets in a smaller number of securities. Holding fewer securities increases the risk that the value of the Fund could go down because of the poor performance of a single investment. The Fund and the stocks and markets in which it invests are subject to general risks that include unforeseen events such as pandemics, volatility and instability, periods of cyclical change and decline, that investors may at times avoid investments in equity securities, and that the investment adviser may select investments for the Fund that do not perform as anticipated.

Top 5 holdings for the Marsico Focus Fund as of 12/31/20 were Amazon.com Inc., Apple, Inc., Microsoft Corporation, Visa Inc. Class A, and Walt Disney Company.

Average Annualized Return as of 12/31/20:

	1-Year	5-Year	10-Year
Marsico Focus Fund	50.09%	20.01%	15.50%

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. To obtain the Fund's performance current to the most recent month-end, please visit www.marsicofunds.com or call 888-860-8686. A Fund's performance, especially for short time periods, should not be the sole factor in making an investment decision.

Expense Ratio: As of the Fund’s 2/1/2021 prospectus; 1.49% gross, 1.45% 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 Focus Fund (excluding taxes, interest, acquired fund fees and expenses, litigation, extraordinary expenses, and brokerage and other transaction expenses relating to the purchase or sale of portfolio investments) to an annual rate of 1.45% of the Fund’s average net assets until January 31, 2022. This expense limitation and fee waiver agreement may be terminated by the Adviser at any time after January 31, 2022 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.

Short squeeze: A short squeeze occurs when a stock or other asset jumps sharply higher, forcing traders who had bet that its price would fall, to buy it in order to forestall even greater losses.

The Marsico Funds are distributed by UMB Distribution Services, LLC

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