Reinhart Partners and Wasatch Global Investors replaced TimesSquare Capital Management as active managers of the US Small/Mid Cap Equity Fund as of Feb. 28, 2025.

This change moves the Fund from one to two underlying active managers to improve the US Small/Mid Cap Equity Fund’s diversification. The Fund’s expense ratio remains 0.08%. These changes will be reflected on the Small/Mid Cap Equity Fund investment fact sheet for the quarter ending Mar. 31, 2025.

For additional details, visit our FAQs or US Small/Mid Cap Equity Fund Fact Sheet.