1. The firm is defined as an independent investment manager that invests exclusively in U.S. large-cap,
U.S. midcap, and U.S. small-cap equity securities for U.S. resident clients. WCM’s policy for valuing
portfolios and calculating performance is available upon request. WCM’s calculation methodology is
to use time-weighted rates of return. Subperiod rates of return are geometrically linked. Cash
equivalent instruments are included in rate-of-return calculations. Returns are calculated quarterly
or when large external cash flows (as defined by WCM) take place.
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