Global Small Cap Value

Disclaimer

LSV is a registered investment adviser and is a joint venture between its management team, current and retired employee partners and SEI Investments Company (“SEI”). SEI’s relationship is entirely as a venture capitalist, by virtue of the minority ownership of SEI Funds, Inc., a wholly-owned subsidiary of SEI, in LSV. To receive a complete list and description of the composites maintained by LSV and/or a compliant presentation, please contact Marisa Rosenblatt at mrosenblatt@lsvasset.com.

LSV claims compliance with the Global Investment Performance Standards (GIPS®) and has prepared the performance information for the Global Small Cap Value Composite in compliance with the GIPS standards. LSV has been independently verified for the periods May 1, 1995 through December 31, 2022. The Global Small Cap Value Composite includes fully discretionary institutional accounts that invest in a diversified portfolio of global small cap stocks with the long-term goal of outperforming the net dividend return of a global small cap value benchmark such as the MSCI World Small Cap Index. Net-of-fee performance is based on fully discretionary accounts under management, including those accounts no longer with LSV, and was calculated using the highest model management fees applicable to portfolios within the composite, applied monthly as described in Part 2A of LSV’s Form ADV, which is available as indicated below. Fees may be higher for certain pooled vehicles and the composite may include accounts with performance-based fees. Non-fee paying accounts are not included in the composite. All performance results are net of commissions and transaction costs, and have been presented gross and net of management fees and include the reinvestment of all income. Actual fees may vary depending on, among other factors, the applicable fee schedule and portfolio size. Dividend income is recorded on ex-dividend date or as soon after the ex-dividend date as the information becomes available to LSV. Interest income is recorded on the accrual basis. When applicable, composite performance is presented net of foreign withholding taxes. The U.S. Dollar is the currency used to express performance. Performance results for the indices include reinvested dividends and are presented net of applicable foreign withholding taxes but, unlike the portfolio’s returns, do not reflect the payment of sales commissions or other expenses incurred in the purchase or sale of the securities included in the indices. Composite returns are compared against indexes for illustrative purposes only. Index returns are not examined. The comparison to the indexes is not intended to imply that an LSV portfolio is similar to any such index or that an LSV portfolio’s performance will meet or exceed that of any index. Past performance is not indicative of future results.

Please see LSV’s Form ADV Part 2A by clicking here for additional information, including LSV’s standard fee schedules and risks related to investing, including quantitative model risk, management risk, equity risk, market risk, investment in thinly-traded securities risk, cybersecurity risk and business disruption risk. Actual fees may vary depending on, among other factors, the applicable fee schedule and portfolio size. Additional information regarding LSV’s policies for valuing portfolios, calculating performance, and preparing performance presentations compliant with the GIPS standards are available upon request. None of the benchmark providers, such as MSCI, S&P and Russell, make any express or implied warranties or representations and shall have no liability whatsoever with respect to any benchmark data contained herein. The benchmark data may not be further redistributed or used as a basis for other indices or any securities or financial products. This presentation is not approved, reviewed, or produced by any of the benchmark providers.