Silk Invest New Horizons Frontier Fund Institutional Class NMFQS:FSNHX

The fund will invest at least 80% of its net assets in securities of issuers located in frontier markets or whose primary operations or principal trading markets are in frontier markets and depositary receipts (including American Depositary Receipts) of such issuers. It will predominantly invest in equity securities. The fund may invest in companies of any market capitalization. Its exposure to certain frontier markets typically will be effected through participation notes (P-Notes), which are equity-linked derivatives issued by banks or broker-dealers that are designed to replicate the performance of certain issuers.