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 21st Century Fund, Flexible Capital Fund, International Opportunities Fund, and Global Fund may invest in companies of all sizes. Under current market conditions the portfolio manager for the 21st Century Fund expects to invest substantially in medium-capitalization companies (which typically may include companies of sizes
similar to those found in the Russell Midcap Index). 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, particularly the Flexible Capital Fund. Other significant differences among the Funds are discussed in the summary of the Funds’ investment objectives and in the prospectus.