Source: MSCI. The MSCI All Country World (Net) Index (MSCI ACWI) is a float-adjusted market cap weighted global equity index, which tracks stocks from developed and emerging markets countries. The index reflects reinvested dividends that are net of foreign withholding taxes, is unmanaged, and does not include the effect of fees. Quality Value: An investment approach that combines characteristics associated with company financial strength (such as profitability or balance sheet measures) and traditional valuation metrics. Value: A factor that emphasizes companies that appear inexpensive based on measures such as earnings or book value. High Dividend Yield: A factor focused on companies that pay higher dividends relative to their share price. Momentum: A factor that emphasizes securities that have recently performed well relative to others. Low Volatility: A factor that emphasizes stocks that have historically exhibited lower price fluctuations. Growth: A factor focused on companies expected to grow revenues or earnings faster than the broader market. Small Cap: A factor emphasizing smaller capitalization companies, which may offer growth potential but typically involve higher volatility and liquidity risk than larger companies. The Sortino Ratio is a historical risk‑adjusted metric focused on downside volatility and does not predict future performance or risk. Factor based approaches are subject to market and style risks and may underperform the broader market or other investment styles for prolonged periods. The information shown reflects historical factor and index data, not the performance of any GQG fund, and is provided for illustrative purposes only. Index results do not represent fund performance, and the fund has not necessarily achieved—and may not achieve—similar results. Investors cannot invest directly in an index. Comparisons among factors are historical and are not forecasts, recommendations, or guarantees. Market conditions and results may differ materially in the future. Past performance is not indicative of future results, and all investments involve risk, including possible loss of principal.