Risks

Consider the fund’s investment objective, risk, and charges and expenses. This and other information can be found in the fund’s prospectus and the summary prospectus, which may be obtained by visiting www.argainvest.com/mutual-funds or by calling 866-234-ARGA (866-234-2742). Please read the prospectus and summary prospectus carefully before investing.

There are risks involved in investing, including the loss of principal. There is no guarantee that the Fund will achieve its investment objective. Because the Fund is new, investors bear the risk that the Fund may not be successful in implementing its investment strategy or may fail to attract sufficient assets under management to realize economies of scale. International investments may involve additional risks including the fund’s securities may decline in response to investor sentiment, general economic and market conditions, regional or global instability, and currency and interest rate fluctuations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. In addition, the impact of any epidemic, pandemic or natural disaster, or widespread fear that such events may occur, could negatively affect the global economy, as well as the economies of individual countries, the financial performance of individual companies and sectors, and the markets in general in significant and unforeseen ways. Any such impact could adversely affect the prices and liquidity of the securities and other instruments in which the Fund invests, which in turn could negatively impact the Fund’s performance and cause losses on your investment in the Fund. Market risk may affect a single issuer, an industry, a sector or the equity or bond market as a whole.

The funds are distributed by SEI Investment Distribution Company (SIDCO) 1 Freedom Valley Dr., Oaks PA 19456. SIDCO is not affiliated with ARGA. Check the background of SIDCO on FINRA’s  BrokerCheck.

The benchmarks are the MSCI Emerging Markets Index (USD) and the MSCI Emerging Markets Value Index (USD) and are net of withholding taxes on dividends, interest income and capital gains. The MSCI Emerging Market Index captures large and mid cap representation across 27 Emerging Markets countries. The MSCI Emerging Markets Value Index captures large and mid cap securities exhibiting overall value style characteristics across 27 Emerging Markets countries. The value investment style characteristics for index construction are defined using three variables: book value to price, 12-month forward earnings to price and dividend yield.Index returns do not reflect any management fees, transaction costs or expenses. Indices are unmanaged and one cannot invest directly in an index.