Global Focus Growth Strategy

^Inception is July 1, 2009

This content is presented for informational and supplemental purposes only. DSM primarily manages equities in a model portfolio method and therefore presents a single composite for managed accounts for each of its investment strategies. The performance presented represents the composite of the prior performance of discretionary accounts managed by DSM in accordance with its Global Focus Growth strategy. You should not consider this performance data to be an indication of future performance of DSM’s Global Focus Growth strategy. Click this link for important additional disclosures regarding composite performance and creation. Past performance is no guarantee of future results and individual accounts and results will vary. Investing entails risks, including possible loss of principal. DSM may not be successful in predicting EPS growth and/or P/E ratios and, as a result, investors may experience losses. There are also special risk considerations associated with international and global investing (especially emerging markets), small and mid-capitalization companies, or other growth and/or concentrated investment strategies. Different market or economic conditions could result in markedly different performance, including the possibility of loss. Composite performance is presented net of investment advisory fees (custody fees are not deducted). The performance figures presented do not reflect the deduction of investment advisory fees actually charged to the accounts in the composite. Rather the performance results presented reflect the deduction of a model advisory fee of 1% per annum. The model advisory fee applied to 4Q2020 was adjusted to capture the effects of a performance fee charged to 3 accounts in the composite, the effect of these adjustments was an increase in the model advisory fee for 2020 from 1.0% to 2.1% for the full year. The model advisory fee will revert back to 1.0% in 1Q2021. DSM’s standard advisory fees are described in Part 2A of its Form ADV. Composite results are asset weighted and expressed in U.S. dollars. Account performance is calculated using a time weighted methodology. The performance also reflects the deduction of brokerage commissions and execution costs paid by the client account in the composite without provision for federal or state income taxes.