This video recording should be reviewed in conjunction with the accompanying slide presentation, which contains fund performance, portfolio holdings and other important information. Access “Slides” to view.

This investor update represents the views and opinions of Growth Team as of 1 Jun 2022, which are based on current market conditions, will fluctuate, and are subject to change without notice. While the information contained herein is believed to be reliable, there is no guarantee to the accuracy or completeness of any statement in the discussion. This material is for informational purposes only and should not be considered as investment advice or a recommendation of any investment service, product or individual security. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.

A Special Purpose Acquisition Company (SPAC) is a shell corporation listed on a stock exchange with the purpose of acquiring a private company, thus making it public without going through the traditional initial public offering process. A Semiconductor Fabrication Plant (FAB) is a factory where devices such as integrated circuits are manufactured. Market Capitalization is the market value of a publicly traded company's outstanding shares. Forward Free Cash Flow Yield is a measure of valuation calculated as the free cash flow per share that a company is expected to earn over the next twelve months divided by the market price per share. Spread is the gap between the bid and the ask prices of a security or asset, like a stock, bond, or commodity.

The Nasdaq Composite is a stock market index that includes almost all stocks listed on the Nasdaq stock exchange. S&P 500® Index measures the performance of 500 US companies focused on the large-cap sector of the market. The index(es) are unmanaged; include net reinvested dividends; do not reflect fees or expenses; and are not available for direct investment.

Past performance does not guarantee future results. Current and future holdings are subject to risk.