Invest in the companies we believe are reinventing how the world works

The essentials

The Global Innovators ETF is the exchange-traded share class of the Global Innovators strategy, actively managed since 1998 (mutual fund classes IWIRX / GINNX). Roughly 30 holdings of approximately equal weight. GAIQ pays a single unitary management fee of 0.79% of average daily net assets; out of that fee the Adviser pays substantially all of the Fund's operating expenses (except items such as interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses).

Returns

About this track record. The Fund’s Institutional Class shares were issued on December 31, 2015. Performance information shown for the Institutional Class prior to December 31, 2015, is based on the performance of the Fund’s Investor Class shares. Institutional and Investor class shares are mutual fund shares and are not exchange-traded. As of December 31, 2025, the Fund’s ETF Class Shares had not yet incepted. Performance shown prior to the inception date of the ETF Class shares is from the Portfolio’s Institutional Class shares, a mutual fund class of shares of the Portfolio not offered in this Prospectus. Returns for the ETF Class shares and Institutional Class shares may vary due to differences in their expenses. *The benchmark index is the MSCI World Index (NR). An investor cannot invest directly in an index.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. GAFunds NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times.

Performance data quoted represents past performance and is no guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than quoted. Performance data for the most recent month-end is available above.

Fund holdings and sector allocations are subject to change.

Fund literature

Holdings

Where the fund is invested

How the market price tracked NAV

The Fund's shares are bought and sold at market price, which may differ from NAV.