The Frontier Capital Appreciation approach endeavors to provide investors with a well-diversified, small/mid-company portfolio that seeks capital appreciation by owning companies that we believe have above-average earnings growth potential in major growth sectors of the U.S. market.

Portfolio Managers           Andrew B. Bennett, CFA and Peter G. Kuechle

Inception                            January 1, 1987

Assets                                  $1.5 billion (as of December31, 2023)

Style                                    Growth at a Reasonable Price

Capitalization Range        Within the range of the Russell 2500® (at time of initial purchase for the strategy)

Range of Holdings             Approximately 120-150 stocks

Vehicles Offered                Separate Account (open); Limited Partnership (open)