The investment seeks a return in excess of the Russell 2000 Total Return Index. Under normal circumstances, the fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. The equity securities in which it primarily invests are common stocks of North American companies, including initial public offerings ("IPOs"). The fund may invest in both small capitalization companies and medium capitalization companies, and may invest in companies located in both the U.S. and non-U.S. developed market countries. It is non-diversified.

ADSRX

The fund invests primarily in securities economically tied to emerging market countries, including fixed income securities, foreign currencies and equity securities. Its investments may be denominated in local currency or be U.S. dollar-denominated. The fund may invest in a broad range of fixed income securities in emerging markets and across all fixed income sectors, including government and corporate fixed income securities.

ANWOX

The fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities. Equity securities include common stock, IPOs, private placements, depositary receipts (including ADRs, EDRs and GDRs), which are certificates typically issued by a bank or trust company that represent ownership interests in securities of non-U.S. companies, derivatives with economic characteristics similar to such securities, and securities of investment companies, including closed-end funds and ETFs.

Symbol	Full Name	Category	Inception	Expense Ratio	YTD Return	10Y Return (Annualized)	Dividend Yield
ADSRX	Aperture Discover Equity Fund	Small Cap Blend Equities	Dec 30, 2019	4.18%	—	—	—
ANWOX	Aperture New World Opportunities Fund	Emerging Markets Bonds	Mar 17, 2019	0.56%	—	—	—
ATOMX	Aperture Endeavour Equity Fund	Global Equities	Sep 29, 2019	0.59%	—	—	—

Aperture Investors Mutual Funds List

Risk vs. Return Scatterplot