Frequently Asked Questions

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What are the ticker symbols for the Marsico Funds?

Marsico Focus Fund: MFOCX
Marsico Growth Fund: MGRIX
Marsico Midcap Growth Focus Fund: MXXIX
Marsico International Opportunities Fund: MIOFX
Marsico Global Fund: MGLBX

What are the Marsico Funds’ investment objectives?

Please see the summary of the Marsico Funds’ investment objectives on the Funds page, and read the prospectus carefully before investing.

What are the similarities among the Marsico Funds?

Each of the Marsico Funds seeks long-term growth of capital as a primary goal, and follows a fundamental investment approach that emphasizes factors such as the selection of what we believe are stocks of high-quality companies with compelling potential for long-term capital appreciation. The fundamental investment approach combines "top-down" macroeconomic analysis and investment theme development with "bottom-up" company and security analysis to identify attractive opportunities. All of the Funds are designed for investors looking for investments that may offer long-term capital growth as part of an overall portfolio strategy.

What are the differences among the Marsico Funds?

Please see the summary of the Marsico Funds’ investment objectives on the Funds page, and read the prospectus carefully before investing. Among other significant differences, the Focus Fund is a non-diversified fund that may be more concentrated than the other five Funds, and is permitted to invest in fewer securities than the other Funds. The Focus Fund will normally hold a core position of between 20 and 35 common stocks, while other Funds may hold a higher number of securities or other investments. In addition, the Focus Fund and the Growth Fund invest primarily in the common stocks of large companies, while the Midcap Growth Focus Fund, International Opportunities Fund, and Global Fund may invest in companies of all sizes. Under normal circumstances, the Midcap Growth Focus Fund will invest at least 80% of the value of its assets in medium-capitalization (or"midcap") growth companies. Also, while all of the Funds may invest in foreign securities, the International Opportunities Fund and the Global Fund generally are committed to maintaining substantial percentages of their assets in foreign securities. Seeking current income also may be a consideration for all of the Funds. Other significant differences among the Funds are discussed in the summary of the Funds’ investment objectives and in the prospectus.

Through which fund supermarkets/platforms can I purchase the Marsico Funds?

The Marsico Funds are currently available through Charles Schwab & Co., National Financial Services Corp. and Fidelity Investments, Pershing LLC, TD Ameritrade, Great West Financial Services, E*Trade, LPL Financial, Merrill Lynch, Vanguard Brokerage Services, and other fund platforms.

Will you be closing the Marsico Funds to new investors at any certain dollar amount?

We do not expect to close the Marsico Funds to new investors at a predetermined dollar amount. However, if it were in the interest of the Funds' existing shareholders, Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, would close one or more of the Funds.

Explain Marsico Capital’s investment selection process.

Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, primarily uses a fundamental investment approach that emphasizes factors such as the selection of what we believe are stocks of high-quality companies with compelling potential for long-term capital appreciation. The fundamental investment approach combines "top-down" macroeconomic analysis and investment theme development with "bottom-up" company and security analysis to identify attractive opportunities. Please see Approach & Process for details.

What types of companies may the Marsico Funds invest in?

The Focus Fund and the Growth Fund invest primarily in the common stocks of large companies (which typically may include companies of sizes similar to those found in the S&P 500 Index) that Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, believes have long-term growth potential. The Midcap Growth Focus Fund, International Opportunities Fund, and Global Fund may invest in companies of all sizes. Under normal circumstances, the Midcap Growth Focus Fund will invest at least 80% of the value of its assets in medium-capitalization (or "midcap") growth companies. Each of the Funds may invest in the securities of companies based in or otherwise economically tied to foreign countries, and the International Opportunities Fund and the Global Fund generally are committed to maintaining substantial percentages of their assets in such foreign securities. Please see the summary of the Marsico Funds’ investment objectives on the Funds page, and read the prospectus carefully for more details about the types of securities that the Funds may hold.

What stocks do you currently hold?

For a list of securities recently held by each of the Marsico Funds, please see:

All security holdings of each of the Funds are released approximately thirty days after the end of each month. Portfolio composition is subject to change at any time.

What are your sell criteria?

Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, may reduce or sell a Fund's investments in portfolio securities if, in the opinion of the investment adviser, a security's fundamentals change substantially, the security reaches the investment adviser's price target or its price appreciation leads to overvaluation in relation to the investment adviser's estimates of future earnings and cash flow growth, there is a significant adverse change in the underlying rationale for owning a stock or the company appears unlikely to realize its growth potential or current income potential, more attractive investment opportunities appear elsewhere, a significant adverse macro-economic development occurs, or for other reasons.

What are the expense ratios of the Marsico Funds?

Marsico Capital Management, LLC, the investment adviser to the Marsico Funds, has entered into a written expense limitation and fee waiver agreement under which it has agreed to limit the total expenses of each 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). For current expense ratios for each Fund and more information about the expense limitation and fee waiver agreement, please see the following description for each Fund:

What portfolio turnover rate should we expect?

Portfolio turnover rates can be greatly affected by market conditions, may vary over time, and are difficult to predict. Portfolio turnover increases transaction-related expenses and could reduce Fund returns.

For the twelve months ended September 30, 2021, the Focus Fund's turnover rate was 28%, the Growth Fund's turnover rate was 58%, the Midcap Growth Focus Fund's turnover rate was 20%, the International Opportunities Fund's turnover rate was 50%, and the Global Fund's turnover rate was 65%.

How often will you distribute dividends and capital gains?

Available dividends and capital gains are generally distributed every December. Please see Distribution Information

What amount of assets does Marsico Capital have under management?

As of October 31, 2021, MCM had approximately $3.98 billion in assets under management, including approximately $2.13 billion in the Funds.

What is Mr. Marsico’s background?

Tom Marsico is the founder, Chief Executive Officer, and Chief Investment Officer of Marsico Capital Management, LLC, which has served as the investment adviser to the Marsico Funds since 1997. Tom sets Marsico Capital's overall research and investment strategy. He serves as co-manager of the Marsico Focus Fund with Brandon Geisler; as co-manager of the Marsico Growth Fund with Brandon Geisler, Peter Marsico and Jimmy Marsico; as co-manager of the Marsico Global Fund with Brandon Geisler and Rob Susman; and as the co-manager of the Marsico International Opportunities Fund with Rob Susman. He has over 40 years of experience in the investment management field as a securities analyst and a portfolio manager. Tom's extensive background in rigorous securities analysis led him to recruit and train Marsico Capital's multitalented investment team. He is a graduate of the University of Colorado and holds an MBA from the University of Denver.

Please see Our People to learn more about Tom Marsico and his team.

Have Additional Questions?

We'd be happy to answer any additional questions you may have. For assistance, you can call us toll-free at 888.860.8686, or you may also email us.

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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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