Seafarer®

Pursuing Lasting Progress in Emerging Markets®

Fund Distributions

On ex-date June 26, 2025, the mid-year distributions per share were:

Seafarer Overseas Growth and Income Fund: $0.14653 for SIGIX, $0.14435 for SFGIX, and $0.14029 for SFGRX.

For further information, see the Historical Distributions section below.

2025 Distribution Dates

Please note: future dates are subject to change.


Record Date		 Ex, Pay and
Reinvest Date		 Seafarer Overseas
Growth and Income Fund
(Frequency: Semi-annual)
 Seafarer Overseas
Value Fund
(Frequency: Annual)
Mid-year Distribution 6/25/25 6/26/25 X
Year-end Distribution 12/10/25 12/11/25 X X

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Historical Distributions

Seafarer Overseas Growth and Income Fund

Ex, Pay and
Reinvest Date		 Reinvest
NAV		 Ordinary
Income		 Short Term
Capital Gains		 Long Term
Capital Gains		 Total Distrib.
Per Share		 Cumulative Distrib.
Per Share Since Inception
SIGIX (Institutional Class)
SFGIX (Investor Class)
SFGRX (Retail Class)

Seafarer Overseas Value Fund

Ex, Pay and
Reinvest Date		 Reinvest
NAV		 Ordinary
Income		 Short Term
Capital Gains		 Long Term
Capital Gains		 Total Distrib.
Per Share		 Cumulative Distrib.
Per Share Since Inception
SIVLX (Institutional Class)
SFVLX (Investor Class)
SFVRX (Retail Class)

For more information on the Funds’ distribution policies, please see the “Dividends and Distributions” section of the Prospectus.

Foreign Source Income

The Seafarer Funds have elected to pass through to shareholders the foreign taxes paid on income earned from foreign investments. These foreign taxes are reported in Box 7 of Form 1099-DIV. As a shareholder in one of the Funds, you may be able to claim a tax credit or an itemized deduction on your federal tax return for the amount of taxes paid to foreign countries. Please consult your tax adviser.

Seafarer Overseas Growth and Income Fund

Year Foreign Source Income*

Seafarer Overseas Value Fund

Year Foreign Source Income*
*as a % of Box 1a on Form 1099-DIV
Past performance is no guarantee of future results. There is no guarantee that the Funds will pay or continue to pay distributions.