Regulatory Literature

Tailored Shareholder Reports

Sylvanfell Core Plus Fixed Income Fund

Class A (September 30, 2025)Class A (March 31, 2025)

Class I (September 30, 2025)Class I (March 31, 2025)

Class R6 (September 30, 2025)Class R6 (March 31, 2025)

Sylvanfell Emerging Markets Value Fund

Class A (September 30, 2025); Class A (March 31, 2025)

Class C (September 30, 2025); Class C (March 31, 2025)

Class I (September 30, 2025); Class I (March 31, 2025)

Class R6 (September 30, 2025); Class R6 (March 31, 2025)

Sylvanfell Global Equity Fund

Class A (September 30, 2025); Class A (March 31, 2025)

Class C (September 30, 2025); Class C (March 31, 2025)

Class I (September 30, 2025); Class I (March 31, 2025)

Sylvanfell International Equity Fund

Class A (September 30, 2025); Class A (March 31, 2025)

Class C (September 30, 2025); Class C (March 31, 2025)

Class I (September 30, 2025); Class I (March 31, 2025)

Class R6 (September 30, 2025); Class R6 (March 31, 2025)

Sylvanfell International Small Cap Equity Fund

Class A (September 30, 2025); Class A (March 31, 2025)

Class C (September 30, 2025); Class C (March 31, 2025)

Class I (September 30, 2025); Class I (March 31, 2025)

Class R6 (September 30, 2025); Class R6 (March 31, 2025)

Sylvanfell Separately Managed Account Reserve Trust

SMARX (September 30, 2025); SMARX (March 31, 2025)

Sylvanfell Small Cap Value Fund

Class A (September 30, 2025); Class A (March 31, 2025)

Class I (September 30, 2025); Class I (March 31, 2025)

Class R6 (September 30, 2025); Class R6 (March 31, 2025)