Avantis International Small Cap Value Fund Institutional Class (AVDVX) Diversifiers

The investment seeks long-term capital appreciation. The fund invests primarily in a diverse group of non-U.S. small cap value companies across market sectors, industry groups, and countries. It seeks securities of companies that the manager expects to have higher returns by placing an enhanced emphasis on securities of companies with smaller market capitalizations and securities of companies it defines as high profitability or value companies. Under normal market conditions, the fund will invest at least 80% of its assets in securities of small capitalization companies.