Fund Overview Fund Overview Share Class I NAV | as of 06/28/2022 $37.33 -$0.43 (-1.14%) Morningstar | Style Box V B G L M S Overall Morningstar Rating Rated against 1142 Large Growth funds as of 05/31/2022 View Morningstar Details Growth of $10,000 (Hypothetical) Since Inception 01/10/1991 to 05/31/2022 = $220,810.15 From: To: 3YR 5YR 10YR INCEP. INCEP. 3YR 5YR 10YR INCEP. The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. The Bloomberg U.S. Treasury Inflation-Linked Bond Index replaced the Russell 1000® Growth Index as the Fund’s benchmark on March 19, 2021 because the Investment Manager and Subadviser believe the new benchmark is more representative of the Fund’s current investment strategies. The benchmarks are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The Russell 1000 Growth Index is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market. View Performance Read Important Investment Disclosures Objective The Fund seeks to provide real returns over the medium and longer term. Why Consider The Fund may be appropriate for investors looking to protect and grow capital Combines focused investment in global equities with active hedging to reduce market exposure when necessary High conviction portfolio of 25 to 40 stocks Documents Fact Sheet Commentary Summary Prospectus Prospectus 2021 Year End Distributions View All Documents Andrew Headley FUND MANAGER AND HEAD OF GLOBAL See Our Approach Read Bio Mike Moore FUND MANAGER AND ANALYST See Our Approach Read Bio Investment Style Veritas Global Real Return Fund has an Equity Income Objective, seeking to achieve income and capital appreciation. Large Mid Small Value Blend Growth Equity Objective Veritas Global Real Return Fund is categorized as Large-Growth. It invests in large-cap companies with high risk. Morningstar Ratings Risk-adjusted returns as of 05/31/2022 Overall Rating (of 1142) 3 Years (of 1142) 5 Years (of 1054) 10 Years (of 777) Category Large Growth Read Important Investment Disclosures Andrew Headley FUND MANAGER AND HEAD OF GLOBAL Andrew Headley is a Fund Manager of the Veritas Global strategies and joined the Partnership in 2003. Previously, Andrew was an Analyst and Portfolio Manager WP Stewart 2001 to 2003, an Analyst and Portfolio Manager Newton Investment Management 1996 to 2001 and a Tax Consultant, Price Waterhouse 1993 to 1996. Education: Chartered Accountant, BSc, ASIP. Mike Moore FUND MANAGER AND ANALYST Mike Moore is a Fund Manager for Global Focus Fund and an Analyst specialising in technology. He Joined the Partnership in 2014. Prior to joining Veritas Asset Management, he was a Global Analyst at M&G Investments 2005 to 2014 and had a prior role at Barclays Wealth Management. Education: CFA, BSc (Hons) Economics & Politics (Warwick), MSc Economics (Warwick). Performance Performance Read Important Investment Disclosures Returns Trailing Returns Trailing Returns Monthly Quarterly Calendar Year Returns The performance data shown represents past performance. Past performance is not a guarantee of future results. Current performance may be lower or higher than the performance data quoted. The investment return and the principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. For performance information through the most recent month end please call 800.835.3879. From time to time, the advisor has waived fees or reimbursed expenses, which may have resulted in higher returns. The listed returns and yields of the Fund are net of expenses, and the returns and yields of the indices exclude expenses. For time periods where the fund inception date preceded the benchmark, the benchmark data will not be shown. The Bloomberg U.S. Treasury Inflation-Linked Bond Index replaced the Russell 1000® Growth Index as the Fund’s benchmark on March 19, 2021 because the Investment Manager and Subadviser believe the new benchmark is more representative of the Fund’s current investment strategies. The benchmarks are provided for illustrative purposes only, are unmanaged, reflect reinvestment of income and dividends and do not reflect the impact of advisory fees. The Russell 1000 Growth Index is a widely unmanaged index of market activity based on the aggregate performance of a selected portfolio of publicly trade common stocks and we have included the results of such index to give you a perspective of the historical performance of the U.S. equity market. Expense Ratios Gross Expense Ratio: 1.16% Net Expense Ratio: 1.15% Expense Cap Expiration Date: 02/01/2023 Distributions & Pricing Distributions Distributions Chart List Historical Pricing Calendar Year Distributions Ex-Date Total Distribution Income Short-term Cap Gains Long-term Cap Gains Mar 24, 2021 $11.169700 — $11.086300 $0.083400 Dec 16, 2020 $12.956100 — $5.749800 $7.206300 Dec 16, 2019 $6.517300 — $0.259600 $6.257700 Dec 27, 2018 $5.361200 — — $5.361200 Dec 28, 2015 $0.083500 $0.083500 — — Dec 30, 2009 $0.020200 $0.020200 — — Oct 29, 2009 $0.046746 $0.046746 — — Dec 28, 2007 $0.489040 — $0.207750 $0.281290 Oct 30, 2007 $3.380700 — $2.292270 $1.088430 Dec 28, 2006 $0.066000 — $0.066000 — Oct 26, 2006 $1.033950 — $0.240510 $0.793440 Oct 27, 2005 $1.138780 — $0.861080 $0.277700 Oct 27, 2000 $10.708000 — $3.349500 $7.358500 Dec 21, 1999 $1.255130 — — $1.255130 Oct 27, 1999 $0.923610 — — $0.923610 Oct 26, 1998 $0.337072 $0.204780 $0.109111 $0.023181 Oct 27, 1997 $5.085142 — $2.297752 $2.787390 Oct 26, 1995 $1.105640 — $0.971750 $0.133890 Oct 25, 1994 $0.107740 — — $0.107740 Dec 30, 1993 $0.090000 — $0.090000 — Oct 25, 1993 $2.243000 — $1.062500 $1.180500 Dec 30, 1991 $0.005000 $0.005000 — — Oct 24, 1991 $0.620000 $0.027000 $0.593000 — From: To: Risk & Return Stats As of: 05/31/2022 3YR 5YR 10YR Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. 7.11 8.37 12.21 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 15.75 16.10 13.77 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. - - - Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 296.44 299.40 280.13 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 173.51 121.01 28.75 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 1.70 1.56 0.69 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 23.99 15.08 4.58 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 14.09 15.00 13.52 View All Characteristics & Stats All Characteristics & Stats Veritas Global Real Return Fund (BLUEX) Portfolio Characteristics (Equity) Risk & Return Market Cap Valuation Characteristics Growth Characteristics Fund Holdings Fund Fund Assets (Mil.$) $147 Number of Holdings 26 Percentage Net Exposure 52.42% Weighted Avg. Market Cap (Mil.$) $381,962 Median Market Cap (Mil.$) $70,089 Weighted Avg. P/E (1-yr Forward EPS) 20.91 Weighted Avg. P/E (Trailing EPS) 24.52 PEG Ratio 1.40 Weighted Avg. P/B 3.87 EPS Growth (Trailing 3-yr %) 18.39% EPS Growth (Trailing 5-yr %) 15.07% Forward EPS Growth (1-yr %) 7.18% Forward EPS Growth (Long Term %) 15.19% Revenue Growth (Trailing 5-yr %) 11.98% Return on Equity 20.36% Weighted Avg. Dividend Yield 1.05% Debt to Equity 85.12 Trailing 12-Months Portfolio Turnover 24.34% As of: 03/31/2022 Risk & Return 3 Years 5 Years 10 Years Alpha Alpha is a measure of performance on a risk-adjusted basis. Alpha takes the volatility (price risk) of a security or mutual fund and compares its risk-adjusted performance to a benchmark index. The excess return of the security or fund relative to the return of the benchmark index is a fund's alpha. 7.11 8.37 12.21 Standard Deviation Standard Deviation is a measure of the dispersion of a set of data from its mean. The more spread apart the data, the higher the deviation. Standard deviation is calculated as the square root of variance. 15.75 16.10 13.77 Sharpe Ratio Sharpe Ratio is a risk-adjusted measure developed by William Sharpe. It is calculated using standard deviation and excess return to determine reward per unit of risk. First, the average monthly return of the 90-day Treasury bill (over a 36-month period) is subtracted from the portfolio's average monthly return. The difference in total return represents the portfolio's excess return beyond that of the 90-day Treasury bill, a risk-free investment. An arithmetic annualized excess return is then calculated by multiplying this monthly return by 12. To show a relationship between excess return and risk, this number is then divided by the standard deviation of the portfolio's annualized excess returns. The higher the Sharpe ratio, the better the portfolio's historical risk-adjusted performance. - - - Upside Capture Ratio (%) Upside Capture Ratio (%) is a measure of a manager's performance in up markets relative to a particular benchmark. An up market is one in which the market's quarterly (or monthly) return is greater than or equal to zero. For example, a ratio of 50% means that the portfolio's value increased half as much as its benchmark index during up markets. 296.44 299.40 280.13 Downside Capture Ratio (%) Downside Capture Ratio (%) measures a manager's performance in down markets relative to a particular benchmark. A down market is one in which the market's quarterly (or monthly) return is less than zero. For example, a ratio of 50% means that the portfolio's value fell half as much as its benchmark index during down markets. 173.51 121.01 28.75 Beta Beta measures the relationship between the portfolio's excess return over T-bills (representing a risk-free rate) relative to the excess return of the portfolio's benchmark. A low beta does not imply that the portfolio has a low level of volatility; rather, a low beta means that the portfolio's market-related risk is low. Beta is often referred to as systematic risk. 1.70 1.56 0.69 R-Squared R-Squared ranges from 0 to 100 and reflects the percentage of a portfolio's movements that are explained by movements in its benchmark index. A portfolio with an R-squared of 100 means that all movement is completely explained by benchmark index movement. Thus, a portfolio that invests only in S&P 500 stocks will have an R-squared very close to 100. Conversely, a low R-squared indicates that very little of the portfolio's movement is explained by benchmark movement. An R-squared measure of 35, for example, means that movements in its benchmark index can explain only 35% of the portfolio's movements. R-squared is used to ascertain the significance of a particular beta or alpha and generally a higher R-squared will indicate more useful alpha and beta figures. 23.99 15.08 4.58 Tracking Error (%) Tracking Error (%) , which is often referred to as the active risk of the portfolio, measures how closely a manager's returns track the returns of a benchmark index. Specifically, tracking error measures the standard deviation of the excess returns a portfolio generates compared to its benchmark. This gives an indication of the volatility of a portfolio versus its benchmark. If a manager tracks a benchmark closely, then tracking error will be low. If a manager tracks a benchmark perfectly, then tracking error will be zero. 14.09 15.00 13.52 Information Ratio Information Ratio s a ratio of portfolio returns above the returns of a benchmark (usually an index) to the volatility of those returns. The information ratio (IR) measures a portfolio manager's ability to generate excess returns relative to a benchmark, but also attempts to identify the consistency of the investor. This ratio will identify if a manager has beaten the benchmark by a lot in a few months or a little every month. The higher the IR, the more consistent a manager is, and consistency is an ideal trait. 0.68 0.64 0.80 Treynor Ratio (%) Treynor Ratio (%) , which was developed by Jack Treynor, measures reward per unit of beta risk. It measures returns earned in excess of that which could have been earned on a less risk investment per each unit of market risk. The Treynor Ratio relates the difference between the portfolio return and the risk-free rate to the portfolio beta for a given time period. - - - Max Drawdown Max Drawdown is the maximum loss from a peak to a trough of a portfolio, before a new peak is attained. Maximum Drawdown is an indicator of downside risk over a specified time period. -15.66 -19.74 -19.74 As of: 05/31/2022 Market Cap Fund Market Cap ($mm) 0 - 1,000 0.00% Market Cap ($mm) 1,000 - 1,500 0.00% Market Cap ($mm) 1,500 - 2,500 0.00% Market Cap ($mm) 2,500 - 5,000 0.00% Market Cap ($mm) 5,000 - 10,000 0.00% Market Cap ($mm) 10,000 - 25,000 9.91% Market Cap ($mm) 25,000 - 50,000 18.46% Market Cap ($mm) 50,000 - 100,000 26.84% Market Cap ($mm) 100,000 - 200,000 16.69% Market Cap ($mm) 200,000 - 28.10% Market Cap – NA 0.00% As of: 03/31/2022 Valuation Characteristics Fund P/E 0-10 0.00% P/E 10-15 9.20% P/E 15-20 17.01% P/E 20-25 26.38% P/E 25-Above 47.41% P/E – NA 0.00% As of: 03/31/2022 Growth Characteristics Fund EPS Growth (Trailing 3-yr %) - Negative 28.88% EPS Growth (Trailing 3-yr %) 0 - 5 1.91% EPS Growth (Trailing 3-yr %) 5 - 10 0.00% EPS Growth (Trailing 3-yr %) 10 - 15 6.74% EPS Growth (Trailing 3-yr %) 15 - 20 12.13% EPS Growth (Trailing 3-yr %) Above 20 46.97% EPS Growth (Trailing 3-yr %) - NA 3.38% As of: 03/31/2022 Read Important Investment Disclosures Portfolio & Holdings Portfolio & Holdings Top Holdings (Equity) As of: 03/31/2022 Alphabet Inc, Class A 6.64% CVS Health Corp 6.08% Charter Communications Inc, Class A 5.87% Canadian Pacific Railway Ltd 5.66% BAE Systems PLC 5.66% Meta Platforms Inc, Class A 4.35% Fiserv Inc 4.19% Baxter International Inc 4.07% Vinci SA 3.96% Safran SA 3.90% % in Top 10 Holdings 50.37% View Holding Details Holding Details Veritas Global Real Return Fund (BLUEX) Top 10 Holdings (Equity) All Holdings 10 Best Performing Stocks 10 Worst Performing Stocks Fund Holdings 03/31/2022 Alphabet Inc, Class A 6.64% CVS Health Corp 6.08% Charter Communications Inc, Class A 5.87% Canadian Pacific Railway Ltd 5.66% BAE Systems PLC 5.66% Meta Platforms Inc, Class A 4.35% Fiserv Inc 4.19% Baxter International Inc 4.07% Vinci SA 3.96% Safran SA 3.90% % in Top 10 Holdings 50.37% As of: 03/31/2022 Download All Holdings (PDF) As of: 05/31/2022 Ticker Name Sector Asset Class Country Currency Par/Shares Price ($) Market Value ($) % of Fund GOOGL Alphabet Inc, Class A Communication Services S US USD 3,686.00 2,275.24 $8,386,534.64 6.32% CHTR Charter Communications Inc, Class A Communication Services S US USD 15,764.00 506.93 $7,991,244.52 6.02% BA/ BAE Systems PLC Industrials S GB GBP 824,559.00 9.54 $7,864,770.98 5.93% CP Canadian Pacific Railway Ltd Industrials S CA USD 100,490.00 71.44 $7,179,005.60 5.41% CVS CVS Health Corp Health Care S US USD 63,543.00 96.75 $6,147,785.25 4.63% UNA Unilever PLC [UNA] Consumer Staples S GB EUR 119,283.00 48.13 $5,741,521.59 4.33% FISV Fiserv Inc Information Technology S US USD 56,621.00 100.18 $5,672,291.78 4.27% DG Vinci SA Industrials S FR EUR 56,773.00 96.50 $5,478,602.05 4.13% CTLT Catalent Inc Health Care S US USD 50,719.00 103.06 $5,227,100.14 3.94% FB Meta Platforms Inc, Class A Communication Services S US USD 26,977.00 193.64 $5,223,826.28 3.94% BAX Baxter International Inc Health Care S US USD 66,681.00 76.05 $5,071,090.05 3.82% SAF Safran SA Industrials S FR EUR 48,527.00 103.61 $5,027,937.86 3.79% AMZN Amazon.com Inc Consumer Discretionary S US USD 2,022.00 2,404.19 $4,861,272.18 3.66% MA MasterCard Inc, Class A Information Technology S US USD 12,858.00 357.87 $4,601,492.46 3.47% SHL Sonic Healthcare Ltd Health Care S AU AUD 160,566.00 26.25 $4,214,389.56 3.18% AENA Aena SME SA 144A Industrials S ES EUR 27,546.00 152.56 $4,202,387.28 3.17% UNH UnitedHealth Group Inc Health Care S US USD 8,213.00 496.78 $4,080,054.14 3.07% MSFT Microsoft Corp Information Technology S US USD 15,006.00 271.87 $4,079,681.22 3.07% COO Cooper Cos Inc Health Care S US USD 11,477.00 350.74 $4,025,442.98 3.03% BDX Becton Dickinson and Co Health Care S US USD 15,539.00 255.80 $3,974,876.20 2.99% FNV Franco-Nevada Corp Materials S CA USD 25,586.00 142.06 $3,634,747.16 2.74% TMO Thermo Fisher Scientific Inc Health Care S US USD 5,127.00 567.57 $2,909,931.39 2.19% CSGP CoStar Group Inc Industrials S US USD 39,410.00 60.94 $2,401,645.40 1.81% ILMN Illumina Inc Health Care S US USD 9,983.00 239.48 $2,390,728.84 1.80% ICE Intercontinental Exchange Inc Financials S US USD 17,534.00 102.39 $1,795,306.26 1.35% BIO Bio-Rad Laboratories Inc, Class A Health Care S US USD 2,395.00 537.79 $1,288,007.05 0.97% MCO Moody's Corp Financials S US USD 2,530.00 301.57 $762,972.10 0.57% EMBC Embecta Corp Health Care S US USD 3,847.00 24.78 $95,328.66 0.07% Cash & Equivalents Cash C US USD 0.00 0.00 $64,225,126.61 48.39% VGM2 Eurex EURO STOXX 50 Future Jun 2022 Futures O DE EUR -510.00 4,062.31 $-20,717,797.32 -15.61% ESM2 CME E-Mini Standard & Poor's 500 Index Future Jun 2022 Futures O US USD -170.00 4,131.25 $-35,115,625.00 -26.46% Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return BAE Systems PLC 1 5.26% 26.84% Canadian Pacific Railway Ltd 2 5.01% 14.95% Franco-Nevada Corp 3 2.06% 15.59% Becton Dickinson and Co 4 3.40% 6.02% Aena SME SA 144A 5 2.97% 6.48% UnitedHealth Group Inc 6 3.26% 1.77% UBS Future GBP Segregated Cash at Broker 7 -0.14% -2.95% MasterCard Inc, Class A 8 3.14% -0.45% Cooper Cos Inc 9 2.54% -0.32% Intercontinental Exchange Inc 10 2.03% -3.20% As of: 03/31/2022 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Download Fund Commentary (PDF) Fund Holdings Sort order Avg. Weight Total Return Meta Platforms Inc, Class A 20 3.59% -33.89% Charter Communications Inc, Class A 19 6.21% -16.33% Sonic Healthcare Ltd 18 2.93% -20.43% Unilever PLC [UNA] 17 3.99% -14.87% Catalent Inc 16 3.31% -13.38% Baxter International Inc 15 4.31% -9.46% Microsoft Corp 14 3.34% -8.20% Alphabet Inc, Class A 13 6.72% -3.99% CoStar Group Inc 12 1.76% -15.72% Thermo Fisher Scientific Inc 11 1.97% -11.44% As of: 03/31/2022 The 10 Best and Worst Performing Stocks are determined based on the stock's contribution to the Fund’s return during the specified quarter. Read Important Investment Disclosures Read Important Investment Disclosures Regional Allocation As of: 03/31/2022 View Allocation Details Allocation Details Veritas Global Real Return Fund (BLUEX) Sector Allocation (Equity) Investment Allocation Country Allocation Regional Allocation Top 10 Industries Sector Sort Order Fund Cash & Other 47.58% Health Care 29.18% Industrials 24.10% Communication Services 16.86% Information Technology 10.48% Consumer Discretionary 3.78% Consumer Staples 3.68% Financials 2.77% Materials 2.57% Bonds 0.00% Energy 0.00% Other Equities 0.00% Real Estate 0.00% Utilities 0.00% Futures -41.00% As of: 03/31/2022 Investment Allocation 03/31/2022 Stocks 93.41% Bonds 0.00% Cash and Other 47.58% As of: 03/31/2022 Country Fund United States 35.69% United Kingdom 9.34% Canada 8.23% France 7.86% Spain 3.13% Australia 2.89% Germany -14.72% % in Top 15 Countries 52.42% As of: 03/31/2022 Region Fund Developed 52.42% Europe & Middle East 5.61% North America 43.91% Pacific 2.89% Emerging 0.00% Asia 0.00% Latin America 0.00% Europe & Middle East 0.00% Africa 0.00% Frontier 0.00% Africa 0.00% Asia 0.00% Europe 0.00% Latin America 0.00% Middle East 0.00% Cash & Other 47.58% As of: 03/31/2022 Industry Fund Health Care Providers & Services 12.14% Interactive Media & Services 10.99% Health Care Equipment & Supplies 10.08% Aerospace & Defense 9.56% IT Services 7.32% Media 5.87% Road & Rail 5.66% Construction & Engineering 3.96% Pharmaceuticals 3.84% Internet & Direct Marketing Retail 3.78% % in Top 10 Industries 73.2% As of: 03/31/2022 Read Important Investment Disclosures Investment Approach Investment Approach Veritas Global Real Return Fund Veritas combines top-down analysis, focused on identifying long-term themes and trends, with bottom-up fundamental company research that seeks to identify companies within those identified themes and trends that it believes have sound business models, strong management and disciplined financial controls. Veritas will construct a high conviction portfolio of 25 to 40 stocks, primarily from developed markets. Veritas will overlay hedging to reduce market exposure as appropriate and based on valuations of companies within their investment universe. Veritas Global Focus Fund and Global Real Return Fund Introduction An introduction to Veritas Asset Management, the AMG Veritas Global Focus Fund, and the AMG Veritas Global Real Return Fund View Webcast About About Veritas Asset Management Background Founded in 2003, Veritas Asset Management is a leading Global and Asian equities manager. The firm manages both funds and segregated portfolios for institutional and retail investors globally. The focus is on identifying good quality, sustainable businesses and remaining patient to buy into these companies at the right entry point in order to achieve long term real returns. Learn More More Funds From Veritas Asset Management MGSEX Veritas Asia Pacific Fund By focusing on long term real returns, the fund aims to deliver capital appreciation and to outperform the MSCI Asia ex Japan index. View Fund Details MMCFX Veritas China Fund The Fund seeks to provide long-term capital appreciation. View Fund Details MFQAX Veritas Global Focus Fund The Fund seeks to provide long-term capital appreciation. View Fund Details Read Important Investment Disclosures Founded 2003 Headquarters London, England Affiliate Since 2014 Discover how the boutique advantage helps generate alpha. Learn More About AMG