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You can find additional information about the Fund at southeasternasset.com/investment-offerings/longleaf-partners-fund/. You can also request this information by contacting us at (800) 445-9469. southeasternasset.com/investment-offerings/longleaf-partners-fund/ (800) 445-9469 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 93; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 14.6667px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 22px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 14.6667px; font-weight: 700; grid-area: auto; line-height: 22px; margin: 0px; overflow: visible; text-align: left;">What were the Fund’s costs for the last six months?</h1></div></div><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 5 / 2 / 9 / 120; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10.6667px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 16px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; margin: 0px; overflow: visible; text-align: left;">(based on a hypothetical $10,000 investment)</p></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 9 / 1 / 18 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgb(239, 239, 239); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Fund Name</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Costs of a $10,000 investment</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Costs paid as a percentage of a $10,000 investment</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(239, 239, 239); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Longleaf Partners Fund</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">$39</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">0.79%<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;"><span style="inset: -5px 5.5px 16px 0px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: -1px; overflow: hidden; position: absolute; text-align: center; width: 1px; height: 1px;">Footnote Reference</span>*</sup></div></td></tr></tbody></table></div></div><div style="flex-wrap: wrap; background: rgb(239, 239, 239); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 17 / 1 / 21 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-end; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left;">            * annualized </p></div></div></div> 39 0.0079 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 6 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 14.6667px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 22px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 14.6667px; font-weight: 700; grid-area: auto; line-height: 22px; margin: 0px; overflow: visible; text-align: left;">How did the Fund perform during the reporting period?</h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 6 / 1 / 55 / 120; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: justify; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="text-align: justify; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible;">We have bad news and good news. The bad news is that the Longleaf Partners Fund declined -6.31% in the second quarter, compared to the S&amp;P 500 and Russell 1000 Value, which returned 4.28% and -2.17%. In the quarter, we didn't have enough significant winners, and more 10%+ decliners led to disappointing relative performance. Additionally, with the market hitting new highs regularly, we ended the quarter with a higher-than-normal 19% cash position. The good news is that our stock price declines were overreactions, resulting in our aggregate value per share performance outpacing stock price performance in the quarter. We own great companies that are on offense. It was encouraging to see large stock price moves in our favor since quarter end as of the posting of this letter. It has also been nice to see some overvalued market favorites moving in the opposite direction. We are excited about the future of the portfolio and in position to achieve our goal of double digit returns this year and beyond.</p></div></div></div> <div style="height: 100%; width: 100%; user-select: none; pointer-events: none; touch-action: none; position: relative; inset: 0px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><img alt="Growth of 10K Chart" src="i93576b5b39497ab0884bc643.jpg" style="width: 336px; height: 252px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: clip; vertical-align: middle; max-width: 100%;"/><div style="z-index: 99; position: absolute; inset: 0px; width: 100%; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"></div></div><table style="inset: 1002px 579.141px -568px 48px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: -1px; overflow: hidden; position: absolute; width: 1px; height: 1px;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 74px;"><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;"></div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Longleaf Partners Fund</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">S&amp;P 500<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Index</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2014</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2015</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$9,403</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,742</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2016</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$8,475</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,171</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2017</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,369</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$13,170</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2018</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,168</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$15,064</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2019</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$9,888</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$16,633</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2020</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$8,775</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$17,881</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2021</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$14,252</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$25,175</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2022</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,986</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$22,503</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2023</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$12,860</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$26,912</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2024</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$13,617</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$33,521</div></td></tr></tbody></table> Longleaf Partners Fund S&amp;P 500<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Index 10000 10000 9403 10742 8475 11171 10369 13170 11168 15064 9888 16633 8775 17881 14252 25175 11986 22503 12860 26912 13617 33521 <div style="width: 100%; height: 100%; display: flex; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;"></div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">6 Months</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">1 Year</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">5 years</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">10 Years</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: left;">Longleaf Partners Fund</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">-0.13%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">5.89%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">6.61%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">3.14%</div></td></tr><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: left;">S&amp;P 500<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: left;">®</sup> Index</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">15.29%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">24.56%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">15.05%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">12.86%</div></td></tr></tbody></table></div></div> The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 69; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;"><span style="box-sizing: border-box; color: rgb(255, 255, 255); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Sector Weighting (% of net assets)</span></h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 57 / 69; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="height: 100%; width: 100%; user-select: none; pointer-events: none; touch-action: none; position: relative; inset: 0px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><img alt="Group By Sector Chart" src="i973d314d210417e4fd8ef109.jpg" style="width: 408px; height: 312px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: clip; vertical-align: middle; max-width: 100%;"/><div style="z-index: 99; position: absolute; inset: 0px; width: 100%; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"></div></div><table style="inset: 96px 578.969px 558px 48px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: -1px; overflow: hidden; position: absolute; width: 1px; height: 1px;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Value</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Value</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 122px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Short-Term Investments and Other Assets (Liabilities), Net</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">19.2%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Health Care</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">4.2%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Consumer Staples</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">5.5%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Energy</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">5.8%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Financials</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">6.1%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Technology</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">10.7%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Communications</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">12.9%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Industrials</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">15.4%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Consumer Discretionary</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">20.2%</div></td></tr></tbody></table></div></div> 0.042 0.055 0.058 0.061 0.107 0.129 0.154 0.202 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;"><span style="box-sizing: border-box; color: rgb(255, 255, 255); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Fund Statistics </span></h1></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 34 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(237, 237, 237); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Net Assets</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">$1,274,138,103</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Number of Portfolio Holdings</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">18</div></td></tr><tr style="background-color: rgb(237, 237, 237); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Advisory Fee (net of waivers)</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">$3,909,251</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Portfolio Turnover</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">12%</div></td></tr></tbody></table></div></div></div> 1274138103 18 3909251 0.12 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Top 10 Holdings (% of net assets)</h1></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 58 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Holding Name</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">% of Net Assets</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">FedEx Corporation</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">7.1%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Affiliated Managers Group, Inc.</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.0%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">CNX Resources Corporation</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.8%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Fidelity National Information Services, Inc.</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.5%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Kellanova</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.5%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">IAC, Inc.</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.4%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">MGM Resorts International</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.2%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Mattel, Inc.</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.8%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">CNH Industrial NV</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.8%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 28px;"><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Bio-Rad Laboratories, Inc. - Class A</div></td><td colspan="1" style="padding: 6px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.2%</div></td></tr></tbody></table></div></div></div> 0.071 0.060 0.058 0.055 0.055 0.054 0.052 0.048 0.048 0.042 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 46; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 16px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; text-align: left;">Material Fund Changes</h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 5 / 1 / 8 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left;">No material changes occurred during the period ended June 30, 2024. </p></div></div></div> 2024-06-30 southeasternasset.com/investment-offerings/longleaf-partners-fund/ Longleaf Partners Fund - LLPFX Semi-Annual Shareholder Report Longleaf Partners Global Fund LLGLX Semi-Annual Shareholder Report This semi-annual shareholder report contains important information about Longleaf Partners Global Fund for the period of January 1, 2024 to June 30, 2024. You can find additional information about the Fund at southeasternasset.com/investment-offerings/longleaf-partners-global-fund/. You can also request this information by contacting us at (800) 445-9469. southeasternasset.com/investment-offerings/longleaf-partners-global-fund/ (800) 445-9469 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 93; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 14.6667px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 22px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 14.6667px; font-weight: 700; grid-area: auto; line-height: 22px; margin: 0px; overflow: visible; text-align: left;">What were the Fund’s costs for the last six months?</h1></div></div><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 5 / 2 / 9 / 120; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10.6667px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 16px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; margin: 0px; overflow: visible; text-align: left;">(based on a hypothetical $10,000 investment)</p></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 9 / 1 / 18 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgb(239, 239, 239); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Fund Name</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Costs of a $10,000 investment</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Costs paid as a percentage of a $10,000 investment</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgba(239, 239, 239, 0.4); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Longleaf Partners Global Fund</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">$53</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">1.05%<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;"><span style="inset: -5px 5.5px 16px 0px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: -1px; overflow: hidden; position: absolute; text-align: center; width: 1px; height: 1px;">Footnote Reference</span>*</sup></div></td></tr></tbody></table></div></div><div style="flex-wrap: wrap; background: rgb(239, 239, 239); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 17 / 1 / 21 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-end; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left;">            * annualized </p></div></div></div> 53 0.0105 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 6 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 14.6667px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 22px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 14.6667px; font-weight: 700; grid-area: auto; line-height: 22px; margin: 0px; overflow: visible; text-align: left;">How did the Fund perform during the reporting period?</h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 6 / 1 / 55 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: justify; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="text-align: justify; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible;">We have bad news and good news. The bad news is that the Longleaf Partners Global Fund declined -4.81% in the second quarter, behind the FTSE Developed and FTSE Developed Value indices, which returned 2.48% and -1.66%, respectively. In the quarter, we didn't have enough significant winners, and more 10%+ decliners led to disappointing relative performance. The good news is that our stock price declines were overreactions, resulting in our aggregate value per share performance outpacing stock price performance in the quarter. We own great companies that are on offense. It was encouraging to see large stock price moves in our favor since quarter end as of the posting of this letter. It has also been nice to see some overvalued market favorites moving in the opposite direction. We are excited about the future of the portfolio and in position to achieve our goal of double digit returns this year and beyond. </p></div></div></div> <div style="height: 100%; width: 100%; user-select: none; pointer-events: none; touch-action: none; position: relative; inset: 0px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><img alt="Growth of 10K Chart" src="i76ba2747bb3d0ddf44fa2f38.jpg" style="width: 336px; height: 252px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: clip; vertical-align: middle; max-width: 100%;"/><div style="z-index: 99; position: absolute; inset: 0px; width: 100%; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"></div></div><table style="inset: 1002px 551.609px -640px 48px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: -1px; overflow: hidden; position: absolute; width: 1px; height: 1px;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 146px;"><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;"></div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Longleaf Partners Global Fund</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">FTSE Developed Index - Net Tax TR (USD) Index</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2014</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2015</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$8,566</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,118</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2016</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$7,760</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$9,835</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2017</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,089</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,675</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2018</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,685</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$12,962</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2019</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,088</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$13,704</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2020</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$9,994</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$14,090</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2021</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$14,048</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$19,621</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2022</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,658</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$16,701</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2023</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,922</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$19,754</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2024</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$12,711</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$23,665</div></td></tr></tbody></table> Longleaf Partners Global Fund FTSE Developed Index - Net Tax TR (USD) Index 10000 10000 8566 10118 7760 9835 11089 11675 11685 12962 11088 13704 9994 14090 14048 19621 10658 16701 11922 19754 12711 23665 <div style="width: 100%; height: 100%; display: flex; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 384px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(144px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;"></div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">6 Months</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">1 Year</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">5 Years</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">10 Years</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 44px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(144px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: left;">Longleaf Partners Global Fund</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">3.18%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">6.62%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">2.77%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">2.43%</div></td></tr><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 44px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(144px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: left;">FTSE Developed Index - Net Tax TR (USD) Index</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">11.32%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">19.80%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">11.55%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">9.00%</div></td></tr></tbody></table></div></div> 0.0318 0.0662 0.0277 0.0243 0.1132 0.1980 0.1155 0.0900 The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 69; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;"><span style="box-sizing: border-box; color: rgb(255, 255, 255); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Sector Weighting (% of net assets)</span></h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 61 / 69; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="height: 100%; width: 100%; user-select: none; pointer-events: none; touch-action: none; position: relative; inset: 0px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><img alt="Group By Sector Chart" src="icc4e53cde01b7a4981ffa6e4.jpg" style="width: 408px; height: 336px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: clip; vertical-align: middle; max-width: 100%;"/><div style="z-index: 99; position: absolute; inset: 0px; width: 100%; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"></div></div><table style="inset: 96px 578.969px 558px 48px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: -1px; overflow: hidden; position: absolute; width: 1px; height: 1px;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Value</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Value</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 122px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Short-Term Investments and Other Assets (Liabilities), Net</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">3.1%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Health Care</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">4.0%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Technology</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">4.9%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Energy</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">6.0%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Consumer Staples</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">9.0%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Industrials</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">11.4%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Financials</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">11.6%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Communications</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">23.8%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Consumer Discretionary</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">26.2%</div></td></tr></tbody></table></div></div> 0.040 0.049 0.060 0.090 0.114 0.116 0.238 0.262 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;"><span style="box-sizing: border-box; color: rgb(255, 255, 255); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Fund Statistics </span></h1></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 26 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(237, 237, 237); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Net Assets</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">$247,275,780</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Number of Portfolio Holdings</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">22</div></td></tr><tr style="background-color: rgb(237, 237, 237); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Advisory Fee (net of waivers)</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">$1,089,414</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Portfolio Turnover</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">17%</div></td></tr></tbody></table></div></div></div> 247275780 22 1089414 0.17 0.026 0.035 0.039 0.049 0.059 0.108 0.118 0.535 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Top 10 Holdings (% of net assets)</h1></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 53 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Holding Name</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">% of Net Assets</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">FedEx Corporation</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.9%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Exor N.V.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.0%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">CNX Resources Corporation</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.0%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Millicom International Cellular SA</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.9%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Prosus NV</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.8%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Affiliated Managers Group, Inc.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.6%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">IAC, Inc.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.2%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Kellanova</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.1%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Compagnie Financiere Richemont S.A.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.9%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Fidelity National Information Services, Inc.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.9%</div></td></tr></tbody></table></div></div></div> 0.069 0.060 0.060 0.059 0.058 0.056 0.052 0.051 0.049 0.049 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 46; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 16px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; text-align: left;">Material Fund Changes</h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 5 / 1 / 8 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left;">No material changes occurred during the period ended June 30, 2024. </p></div></div></div> 2024-06-30 southeasternasset.com/investment-offerings/longleaf-partners-global-fund/ Longleaf Partners Global Fund - LLGLX Semi-Annual Shareholder Report Longleaf Partners International Fund LLINX Semi-Annual Shareholder Report This semi-annual shareholder report contains important information about Longleaf Partners International Fund for the period of January 1, 2024 to June 30, 2024. You can find additional information about the Fund at southeasternasset.com/investment-offerings/longleaf-partners-international-fund/. You can also request this information by contacting us at (800) 445-9469. southeasternasset.com/investment-offerings/longleaf-partners-international-fund/ (800) 445-9469 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 93; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 14.6667px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 22px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 14.6667px; font-weight: 700; grid-area: auto; line-height: 22px; margin: 0px; overflow: visible; text-align: left;">What were the Fund’s costs for the last six months?</h1></div></div><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 5 / 2 / 9 / 120; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10.6667px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 16px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; margin: 0px; overflow: visible; text-align: left;">(based on a hypothetical $10,000 investment)</p></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 9 / 1 / 17 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Fund Name</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Costs of a $10,000 investment</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Costs paid as a percentage of a $10,000 investment</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgba(221, 221, 221, 0.4); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Longleaf Partners International Fund</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">$52</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">1.05%<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;"><span style="inset: -5px 5.5px 16px 0px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: -1px; overflow: hidden; position: absolute; text-align: center; width: 1px; height: 1px;">Footnote Reference</span>*</sup></div></td></tr></tbody></table></div></div><div style="flex-wrap: wrap; background: rgb(239, 239, 239); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 17 / 1 / 21 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-end; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left;">            * annualized </p></div></div></div> 52 0.0105 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 6 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 14.6667px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 22px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 14.6667px; font-weight: 700; grid-area: auto; line-height: 22px; margin: 0px; overflow: visible; text-align: left;">How did the Fund perform during the reporting period?</h1></div></div><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 6 / 1 / 55 / 120; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: justify; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="text-align: justify; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible;">Longleaf Partners International Fund declined -4.24% in the second quarter; the FTSE Developed ex-North America Index fell -0.75%. The quarter started off with a robust Q1 reporting season, highlighting strong performance across most of our businesses and solid value growth. However, share prices peaked early and were subsequently overshadowed by broader macroeconomic concerns and election cycles, particularly in Mexico, the United Kingdom, and France, where we have relative overweight exposure, except in the United Kingdom, where we are in line with the index. We believe these headwinds are temporary and may even prove beneficial for our companies. While the market dislikes the near-term uncertainty of election cycles, we own companies we believe are, at worst, immune due to the non-discretionary nature of their products and services, strong brands and/or diversified end market exposures with highly resilient market dynamics. We look forward to these companies demonstrating their structural strengths through the H1 reporting season, which we expect will refocus the market on stock-specific fundamentals where our investees excel. An exception to the negative election trend was India, where the market quickly rebounded after elections, as seen in the strong performance of HDFC Bank. Our portfolio features competitively advantaged businesses, many led by owner-operators. We are eager for the market to refocus on fundamentals, which we believe remain strong for the businesses we own, once the election outcomes mentioned above are resolved. </p></div></div></div> <div style="height: 100%; width: 100%; user-select: none; pointer-events: none; touch-action: none; position: relative; inset: 0px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><img alt="Growth of 10K Chart" src="i1a131ddd1472b67297268990.jpg" style="width: 336px; height: 252px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: clip; vertical-align: middle; max-width: 100%;"/><div style="z-index: 99; position: absolute; inset: 0px; width: 100%; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"></div></div><table style="inset: 1002px 509.531px -688px 48px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: -1px; overflow: hidden; position: absolute; width: 1px; height: 1px;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 194px;"><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;"></div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Longleaf Partners International Fund</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">FTSE Developed ex North America Index - Net Tax TR (USD) Index</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2014</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2015</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$8,609</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$9,585</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2016</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$7,721</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$8,660</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2017</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,218</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,489</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2018</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,755</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,227</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2019</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,336</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,232</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2020</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$9,495</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,726</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2021</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$12,800</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$14,427</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2022</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$9,193</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,662</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2023</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,871</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$13,758</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2024</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$11,131</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$15,301</div></td></tr></tbody></table> Longleaf Partners International Fund FTSE Developed ex North America Index - Net Tax TR (USD) Index 10000 10000 8609 9585 7721 8660 10218 10489 10755 11227 11336 11232 9495 10726 12800 14427 9193 11662 10871 13758 11131 15301 <div style="width: 100%; height: 100%; display: flex; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 384px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 22px;"><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 9.33333px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 14px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(144px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 9.33333px; font-weight: 700; grid-area: auto; line-height: 14px; overflow: visible; text-align: center;"></div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 9.33333px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 14px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 9.33333px; font-weight: 700; grid-area: auto; line-height: 14px; overflow: visible; text-align: center;">6 Months</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 9.33333px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 14px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 9.33333px; font-weight: 700; grid-area: auto; line-height: 14px; overflow: visible; text-align: center;">1 Year</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 9.33333px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 14px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 9.33333px; font-weight: 700; grid-area: auto; line-height: 14px; overflow: visible; text-align: center;">5 Years</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 9.33333px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 14px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 9.33333px; font-weight: 700; grid-area: auto; line-height: 14px; overflow: visible; text-align: center;">10 Years</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 40px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: top; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(144px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Longleaf Partners International Fund</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;"><div style="display: inline; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; margin: 0px; overflow: visible; text-align: center;">-</div>0.75%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">2.39%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;"><div style="display: inline; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; margin: 0px; overflow: visible; text-align: center;">-</div>0.36%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">1.08%</div></td></tr><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 56px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: top; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(144px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">FTSE Developed ex North America Index - Net Tax TR (USD) Index</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">4.68%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">11.22%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">6.38%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible; width: calc(60px);"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">4.35%</div></td></tr></tbody></table></div></div> -0.0075 0.0239 -0.0036 0.0108 0.0468 0.1122 0.0638 0.0435 The Fund's past performance is not a good predictor of how the Fund will perform in the future. The graph and table do not reflect the deduction of taxes that a shareholder would pay on fund distributions or redemption of fund shares. <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 69; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;"><span style="box-sizing: border-box; color: rgb(255, 255, 255); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Sector Weighting (% of net assets)</span></h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 57 / 69; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="height: 100%; width: 100%; user-select: none; pointer-events: none; touch-action: none; position: relative; inset: 0px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><img alt="Group By Sector Chart" src="if500b03cb2c258a97a8956c8.jpg" style="width: 408px; height: 312px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: clip; vertical-align: middle; max-width: 100%;"/><div style="z-index: 99; position: absolute; inset: 0px; width: 100%; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"></div></div><table style="inset: 96px 578.969px 610px 48px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: -1px; overflow: hidden; position: absolute; width: 1px; height: 1px;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Value</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Value</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 122px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Short-Term Investments and Other Assets (Liabilities), Net</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">5.3%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Industrials</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">3.9%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Materials</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">5.1%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Financials</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">10.2%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Communications</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">15.5%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Consumer Staples</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">21.3%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Consumer Discretionary</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">38.7%</div></td></tr></tbody></table></div></div> 0.039 0.051 0.102 0.155 0.213 0.387 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;"><span style="box-sizing: border-box; color: rgb(255, 255, 255); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Fund Statistics </span></h1></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 26 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(237, 237, 237); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Net Assets</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">$697,252,180</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Number of Portfolio Holdings</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">26</div></td></tr><tr style="background-color: rgb(237, 237, 237); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Advisory Fee (net of waivers)</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">$3,085,165</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Portfolio Turnover</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">24%</div></td></tr></tbody></table></div></div></div> 697252180 26 3085165 0.24 0.042 0.052 0.060 0.062 0.063 0.086 0.095 0.100 0.113 0.137 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Top 10 Holdings (% of net assets)</h1></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 52 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Holding Name</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">% of Net Assets</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Compagnie Financiere Richemont S.A.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.1%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Glanbia PLC</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.0%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Accor SA</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.9%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Premier Foods PLC</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.8%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">HDFC Bank Ltd.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.2%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Prosus NV</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.0%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Exor N.V.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.0%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Gruma, S.A.B. DE C.V.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.9%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Becle S.A.B. de C.V.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.6%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Millicom International Cellular SA</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.2%</div></td></tr></tbody></table></div></div></div> 0.061 0.060 0.059 0.058 0.052 0.050 0.050 0.049 0.046 0.042 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 46; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 16px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; text-align: left;">Material Fund Changes</h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 5 / 1 / 8 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left;">No material changes occurred during the period ended June 30, 2024. </p></div></div></div> 2024-06-30 southeasternasset.com/investment-offerings/longleaf-partners-international-fund/ Longleaf Partners International Fund - LLINX Semi-Annual Shareholder Report Longleaf Partners Small-Cap Fund LLSCX Semi-Annual Shareholder Report This semi-annual shareholder report contains important information about Longleaf Partners Small-Cap Fund for the period of January 1, 2024 to June 30, 2024. You can find additional information about the Fund at southeasternasset.com/investment-offerings/longleaf-partners-small-cap-fund/. You can also request this information by contacting us at (800) 445-9469. southeasternasset.com/investment-offerings/longleaf-partners-small-cap-fund/ (800) 445-9469 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 93; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 14.6667px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 22px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 14.6667px; font-weight: 700; grid-area: auto; line-height: 22px; margin: 0px; overflow: visible; text-align: left;">What were the Fund’s costs for the last six months?</h1></div></div><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 5 / 2 / 9 / 120; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10.6667px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 16px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; margin: 0px; overflow: visible; text-align: left;">(based on a hypothetical $10,000 investment)</p></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 9 / 1 / 18 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Fund Name</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Costs of a $10,000 investment</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(255, 255, 255); white-space: pre-wrap; line-height: 18px; background-color: rgb(1, 91, 76); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(255, 255, 255); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Costs paid as a percentage of a $10,000 investment</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgba(221, 221, 221, 0.4); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">Longleaf Partners Small-Cap Fund</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">$48</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">0.95%<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;"><span style="inset: -5px 5.5px 16px 0px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: -1px; overflow: hidden; position: absolute; text-align: center; width: 1px; height: 1px;">Footnote Reference</span>*</sup></div></td></tr></tbody></table></div></div><div style="flex-wrap: wrap; background: rgb(239, 239, 239); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 17 / 1 / 21 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-end; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left;">            * annualized </p></div></div></div> 48 0.0095 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 6 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 14.6667px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 22px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 14.6667px; font-weight: 700; grid-area: auto; line-height: 22px; margin: 0px; overflow: visible; text-align: left;">How did the Fund perform during the reporting period?</h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 6 / 1 / 55 / 120; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: justify; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="text-align: justify; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible;">Longleaf Partners Small-Cap Fund returned -4.24% in the second quarter, underperforming both the Russell 3000 and Russell 2000 in another tough quarter for small-cap stocks. The Fund is still up in absolute terms and ahead of the Russell 2000 for the year. The Fund’s objective has remained the same since its inception: to deliver long-term, double-digit absolute returns. While most of our companies saw operational progress in the quarter, this did not translate into stock price gains. Over 100% of the Russell 3000’s performance was driven by the Information Technology sector and many of its larger-cap components. Conversely, the Russell 2000 saw a decline for the quarter, with only two sectors positively contributing to returns. This compared to the Russell 2000 Value, a more style-appropriate index, that was down -3.64% in the quarter, with no sectors contributing positively. We have written before about the Small-Cap Fund’s long history of benefitting from corporate actions such as asset sales, spin-offs and whole company sales and mergers. After a deferral of these events during the last few years, we are now to a point where over 50% of the portfolio’s NAV is in at least 10 investments with heightened odds of value-realizing corporate events occurring over the next 6-12 months. We will not bat 1.000 on these opportunities, but this uniquely high percentage boosts our confidence in near term future returns. With US Treasury interest rates stabilizing at historical norms, we believe the environment is becoming increasingly favorable for true bottom-up stock pickers like us. In the long run, stock picking will be what matters most and is where we can deliver the most value for our clients. </p></div></div></div> <div style="height: 100%; width: 100%; user-select: none; pointer-events: none; touch-action: none; position: relative; inset: 0px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><img alt="Growth of 10K Chart" src="ifb2e546dc6fed4d336a316c9.jpg" style="width: 336px; height: 252px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: clip; vertical-align: middle; max-width: 100%;"/><div style="z-index: 99; position: absolute; inset: 0px; width: 100%; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"></div></div><table style="inset: 1002px 510.281px -616px 48px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: -1px; overflow: hidden; position: absolute; width: 1px; height: 1px;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 122px;"><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;"></div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Longleaf Partners Small-Cap Fund</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Russell 3000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Total Return Index</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Russell 2000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Total Return Index</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2014</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,000</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2015</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,775</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,729</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,649</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2016</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,657</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,959</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$9,932</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2017</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$12,232</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$12,987</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$12,375</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2018</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$13,683</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$14,907</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$14,549</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2019</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$12,976</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$16,246</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$14,067</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2020</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$10,304</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$17,306</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$13,135</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2021</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$16,851</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$24,950</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$21,283</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2022</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$13,981</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$21,490</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$15,920</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2023</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$14,357</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$25,563</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$17,879</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Jun-2024</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$16,328</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$31,475</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">$19,677</div></td></tr></tbody></table> Longleaf Partners Small-Cap Fund Russell 3000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Total Return Index Russell 2000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: center;">®</sup> Total Return Index 10000 10000 10000 10775 10729 10649 10657 10959 9932 12232 12987 12375 13683 14907 14549 12976 16246 14067 10304 17306 13135 16851 24950 21283 13981 21490 15920 14357 25563 17879 16328 31475 19677 <div style="width: 100%; height: 100%; display: flex; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;"></div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">6 Months</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">1 Year</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">5 Years</div></th><th colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 700; font-size: 12px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgb(239, 239, 239); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 700; grid-area: auto; line-height: 18px; overflow: visible; text-align: center;">10 Years</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: left;">Longleaf Partners Small-Cap Fund</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">2.32%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">13.73%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">4.70%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">5.03%</div></td></tr><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: left;">Russell 3000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: left;">®</sup> Total Return Index</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">13.56%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">23.13%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">14.14%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">12.15%</div></td></tr><tr style="background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 12px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 18px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; overflow: visible; text-align: left;">Russell 2000<sup style="box-sizing: border-box; color: rgb(0, 0, 0); display: inline; flex-wrap: nowrap; font-size: 9px; font-weight: 400; grid-area: auto; line-height: 0px; margin: 0px; overflow: visible; position: relative; text-align: left;">®</sup> Total Return Index</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">1.73%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">10.06%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">6.94%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: center; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: center;">7.00%</div></td></tr></tbody></table></div></div> 0.0232 0.1373 0.0470 0.0503 0.1356 0.2313 0.1414 0.1215 0.0173 0.1006 0.0694 0.0700 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 69; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;"><span style="box-sizing: border-box; color: rgb(255, 255, 255); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Sector Weighting (% of net assets)</span></h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 57 / 69; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="height: 100%; width: 100%; user-select: none; pointer-events: none; touch-action: none; position: relative; inset: 0px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><img alt="Group By Sector Chart" src="ia96cec3051c54d4f9d8e4ba1.jpg" style="width: 408px; height: 312px; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: clip; vertical-align: middle; max-width: 100%;"/><div style="z-index: 99; position: absolute; inset: 0px; width: 100%; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"></div></div><table style="inset: 96px 578.969px 584px 48px; box-sizing: border-box; clip: rect(0px, 0px, 0px, 0px); color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: -1px; overflow: hidden; position: absolute; width: 1px; height: 1px;"><thead style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-header-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Value</div></th><th colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; text-align: center; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; overflow: visible; text-align: center;">Value</div></th></tr></thead><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 122px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Short-Term Investments and Other Assets (Liabilities), Net</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">12.3%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Communications</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">3.2%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Financials</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">4.5%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Health Care</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">4.8%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Energy</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">6.0%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 26px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Real Estate</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">17.1%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Consumer Staples</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">22.8%</div></td></tr><tr style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 50px;"><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">Consumer Discretionary</div></td><td colspan="1" style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-cell; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; padding: 1px; vertical-align: middle;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; overflow: visible;">29.3%</div></td></tr></tbody></table></div></div> 0.032 0.045 0.048 0.060 0.171 0.228 0.293 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;"><span style="box-sizing: border-box; color: rgb(255, 255, 255); display: inline; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Fund Statistics </span></h1></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 36 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(237, 237, 237); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Net Assets</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">$792,382,313</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Number of Portfolio Holdings</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">20</div></td></tr><tr style="background-color: rgb(237, 237, 237); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Advisory Fee (net of waivers)</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">$3,157,051</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Portfolio Turnover</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: right; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: right;">17%</div></td></tr></tbody></table></div></div></div> 792382313 20 3157051 0.17 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: rgb(1, 91, 76); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(255, 255, 255); text-align: center; font-family: &quot;Times New Roman&quot;; font-size: 13.3333px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 20px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(255, 255, 255); display: block; flex-wrap: nowrap; font-size: 13.3333px; font-weight: 700; grid-area: auto; line-height: 20px; margin: 0px; overflow: visible; text-align: center;">Top 10 Holdings (% of net assets)</h1></div></div><div style="flex-wrap: wrap; background: rgba(255, 255, 255, 0); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); flex-grow: 1; grid-area: 5 / 1 / 55 / 50; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><table style="border-collapse: collapse; table-layout: auto; width: 100%; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; color: rgb(0, 0, 0); display: table; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible;"><tbody style="box-sizing: border-box; color: rgb(0, 0, 0); display: table-row-group; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle;"><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 40px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Holding Name</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">% of Net Assets</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 40px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Eastman Kodak Company Convertible Preferred Stock - Series B 4.00%</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">10.5%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Westrock Coffee Company</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.4%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">CNX Resources Corporation</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.0%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Graham Holdings Company - Class B</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">6.0%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Gruma, S.A.B. DE C.V.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.9%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Mattel, Inc.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">5.2%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Atlanta Braves Holdings, Inc. - Class C</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.9%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Oscar Health, Inc. - Class A</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.8%</div></td></tr><tr style="background-color: transparent; box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">Park Hotels &amp; Resorts, Inc.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.6%</div></td></tr><tr style="background-color: rgb(240, 240, 240); box-sizing: border-box; color: rgb(0, 0, 0); display: table-row; flex-wrap: nowrap; font-size: 16px; font-weight: 400; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; vertical-align: middle; height: 24px;"><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">White Mountains Insurance Group Ltd.</div></td><td colspan="1" style="padding: 4px; font-family: &quot;Times New Roman&quot;; font-weight: 400; font-size: 10.6667px; text-align: left; vertical-align: middle; text-decoration: unset; font-style: normal; color: rgb(0, 0, 0); white-space: pre-wrap; line-height: 16px; background-color: rgba(255, 255, 255, 0); box-sizing: border-box; display: table-cell; flex-wrap: nowrap; grid-area: auto; margin: 0px; overflow: visible;"><div style="display: inline-block; margin: 0px; padding: 0px; white-space: pre-line; height: 100%; text-decoration: unset; box-sizing: border-box; color: rgb(0, 0, 0); flex-wrap: nowrap; font-size: 10.6667px; font-weight: 400; grid-area: auto; line-height: 16px; overflow: visible; text-align: left;">4.5%</div></td></tr></tbody></table></div></div></div> 0.105 0.064 0.060 0.060 0.059 0.052 0.049 0.048 0.046 0.045 <div style="width: 100%; height: 100%; display: grid; grid-auto-rows: minmax(6px, max-content); grid-template-columns: repeat(auto-fill, 6px);"><div style="flex-wrap: wrap; background: unset; padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 1 / 1 / 5 / 46; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 16px; font-weight: 700; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 24px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><h1 style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 16px; font-weight: 700; grid-area: auto; line-height: 24px; margin: 0px; overflow: visible; text-align: left;">Material Fund Changes</h1></div></div><div style="flex-wrap: wrap; background: rgb(255, 255, 255); padding: 0px; font-size: 16px; font-weight: 400; border-radius: 0px; display: flex; overflow: hidden; flex-shrink: 1; box-sizing: border-box; color: rgb(0, 0, 0); grid-area: 5 / 1 / 8 / 121; line-height: 24px; margin: 0px; height: 100%; grid-template-columns: repeat(auto-fill, 6px); grid-auto-rows: minmax(6px, max-content);"><div style="background: unset; color: rgb(0, 0, 0); text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 12px; font-weight: 400; box-sizing: border-box; display: flex; flex-flow: column; grid-area: auto; justify-content: flex-start; line-height: 18px; margin: 0px; overflow: hidden; width: 100%; height: 100%;"><p style="box-sizing: border-box; color: rgb(0, 0, 0); display: block; flex-wrap: nowrap; font-size: 12px; font-weight: 400; grid-area: auto; line-height: 18px; margin: 0px; overflow: visible; text-align: left;">No material changes occurred during the period ended June 30, 2024. </p></div></div></div> 2024-06-30 southeasternasset.com/investment-offerings/longleaf-partners-small-cap-fund/ Longleaf Partners Small-Cap Fund - LLSCX Semi-Annual Shareholder Report