Applied Finance Explorer Fund Investor Shares 

This fund primarily focuses its investments on the common stock of companies that fall within the small to mid-range of market capitalization. When deciding on specific holdings, the investment adviser generally targets equity securities that are perceived to offer significant potential for growth. Their selection methodology often involves assessing a variety of aspects, including a company's market valuation, its anticipated profits, capacity for future expansion, recent operational history, and overall strategic direction. Additionally, the fund is permitted to allocate capital to other pooled investment products, including exchange-traded funds (ETFs).