WCM Focused International Opportunities Fund Institutional Class Shares 

Under typical market circumstances, this fund primarily allocates its capital to the stock shares and depositary receipts of companies headquartered outside the United States. Its investment focus is on businesses with small to medium market capitalizations. A significant portion of these holdings will be in firms operating within emerging or frontier market countries. These specific market classifications refer to nations that the World Bank designates as having low- to middle-income economies, or those included in the Morgan Stanley Capital International (MSCI) emerging markets or frontier market indices.