INVESTOR LOGIN

Disclosures

The Full Consequence Investing® analysis, including the identification and weighting of sustainability factors, is performed by Hall Capital. The FCI analysis involves judgment, which is inherently qualitative and subjective, based on Hall Capital’s assessment of a Fund’s investment process and values.

Hall Capital conducts due diligence in order to reach a reasonable assessment of which factors, and the degree to which these factors, are used in a Fund’s investment process. There can be no guarantee that Hall Capital’s due diligence has fully ascertained all of the factors in a Fund’s investment process or their weighting. In addition, there is no guarantee that the information that Managers provide to Hall Capital is accurate or complete or that the Manager will maintain the same investment process.

Because of the qualitative nature of FCI and sustainability factors, their precise impact and cost cannot be quantified, either on a stand-alone basis or in relation to an impact on performance results. While we believe it is possible to construct an FCI portfolio that would have returns similar to or better than returns in a portfolio that does not have FCI, there can be no guarantees, and a portfolio that invests pursuant to FCI principles may generate lower investment returns than a non-FCI portfolio.

A “factor” as used in these slides means consideration of a particular aspect of sustainable investing, such as a concern for the effect of business activities on the environment. Because of the qualitative nature of FCI and sustainability factors, their precise impact and cost cannot be quantified, either standing alone or in relation to an impact on performance results.