These year-end 2025 videos are for informational purposes only and does not constitute investment advice, a recommendation, or offer to buy or sell any security. Past performance is no guarantee of future results. Actual results may differ materially.

References to specific securities or sectors are presented for illustrative purposes only. Such references may not be representative of all holdings and are not indicative of total performance.

Holdings are subject to change at any time without notice. The securities discussed are provided for illustrative purposes only and do not constitute a recommendation to buy or sell any security.

Certain statements herein may be forward-looking in nature, based on current expectations, estimates, projects, and assumptions and are subject to risks and uncertainties.

All investments involve risk, including the potential loss of principal. There is no guarantee that any investment strategy will achieve its objectives.

Information, data, and statistics are derived from sources believed to be reliable; however, their accuracy and completeness cannot be guaranteed.

Reliance upon information in this material is at the sole discretion of the viewer.

This material may not be reproduced or distributed without prior written consent.

definitions
Maintenance Cash Flow (MCF) = cash flow from operations (CFOPS) – maintenance capital expenditures (MCAPEX).

Maintenance capital expenditures (MCAPEX) = capex required to keep cash flow constant in real terms.

Magnificent Seven stocks are comprised of Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta Platforms and Tesla.

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IMPORTANT INFO: RETIREMENT CALCULATOR

The retirement calculator is a model or tool intended for informational and educational purposes only, and does not constitute professional, financial or investment advice. This model may be helpful in formulating your future plans, but does not constitute a complete financial plan. We strongly recommend that you seek the advice of a financial services professional who has a fiduciary relationship with you before making any type of investment or significant financial decision. We, at Polaris Capital, do not serve in this role for you. We also encourage you to review your investment strategy periodically as your financial circumstances change.

This model is provided as a rough approximation of future financial performance that you may encounter in reaching your retirement goals. The results presented by this model are hypothetical and may not reflect the actual growth of your own investments. Polaris strives to keep its information and tools accurate and up-to-date.

The information presented is based on objective analysis, but may not be the same that you find at a particular financial institution, service provider or specific product’s site. Polaris Capital and its employees are not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by this tool. Polaris is not responsible for any human or mechanical errors or omissions. All content, calculations, estimates, and forecasts are presented without express or implied warranties, including, but not limited to, any implied warranties of merchantability and fitness for a particular purpose or otherwise.

Please confirm your agreement/understanding of this disclaimer.

DISCLAIMER: You are about to leave the Polaris Capital Management, LLC website and will be taken to the PCM Global Funds ICAV website. By accepting, you are consenting to being directed to the PCM Global Funds ICAV website for non-U.S. investors only.