1.
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Effective January 1, 2025, the sub-section entitled “Portfolio Managers” in the section entitled
“Management” beginning on page 5 of the Prospectus is hereby deleted in its entirety and replaced with the following:
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2.
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Effective January 1, 2025, the section entitled “Portfolio Managers” beginning on page 14 of the
Prospectus is hereby deleted in its entirety and replaced with the following:
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1.
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Effective January 1, 2025, the table under the heading “Information Concerning Accounts Managed by the
Portfolio Managers” beginning on page 30 of the SAI is hereby deleted in its entirety and replaced with the following:
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Name of
Portfolio Manager
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Number of Other Accounts Managed and Assets by Account Type (1)
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Number of Accounts and Assets for Which Advisory Fee is
Performance-Based
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Registered Investment Companies
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Other Pooled Investment Vehicles
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Other Accounts
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Registered Investment Companies
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Other Pooled Investment Vehicles
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Other Accounts
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Bernard R. Horn, Jr.
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6 accounts
$5.05 billion
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6 accounts
$1.18 billion
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20 accounts
$5.01 billion
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None
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None
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1 account
$114.3 million |
Bin Xiao
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6 accounts
$5.05 billion
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6 accounts
$1.18 billion
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20 accounts
$5.01 billion
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None
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None
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1 account
$114.3 million |
Jason Crawshaw
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6 accounts
$5.05 billion
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6 accounts
$1.18 billion
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20 accounts
$5.01 billion
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None
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None
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1 account
$114.3 million |
(1)
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All of the accounts listed above are managed by Messrs. Horn, Xiao and Crawshaw together.
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2.
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Effective January 1, 2025, the sections entitled “Information Concerning Compensation of Portfolio
Managers” and “Portfolio Manager Ownership in the Funds” beginning on page 31 of the SAI are hereby deleted in its entirety and replaced with the following:
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Portfolio Manager
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Dollar Range of Beneficial Ownership
in the Fund as of June 30, 2023 |
Bernard R. Horn, Jr.
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Over $1,000,000
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Bin Xiao
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$100,001 - $500,000
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Jason Crawshaw
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Over $1,000,000
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