APPLESEED FUND

The Morningstar Global Markets Small-Mid Cap Index measures the performance of Global Market's equity markets targeting the 71-97% of stocks by market capitalization. This Index does not incorporate Environmental, Social, or Governance (ESG) criteria. The Morningstar Global Target Market Exposure Index family is designed to provide exposure to the top 85% of equity market capitalization in both developed and emerging markets. The indexes select equity securities listed on major global exchanges, and those classified as belonging to either developed or emerging markets are eligible. The indexes exclude mutual funds, exchange-traded funds, and derivatives. All performance data sourced from Morningstar.