Shaker Strategies receive a Morningstar Rating™ of 4 and 5 stars

Shaker Investments is proud to announce that our Shaker Small Cap Growth strategy has received a Morningstar Rating™ of 5 stars overall as of 09/30/2022. Additionally, the Shaker Fundamental Growth strategy has received a Morningstar Rating™ of 4 stars overall during the same time period. Shaker has worked hard over many years to provide our investors with exceptional risk-adjusted returns and are pleased to see the high ratings as a result.

Shaker Small Cap Growth Strategy

Shaker Fundamental Growth Strategy

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The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10- year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Shaker Small Cap Growth was rated against the following numbers of Small Growth funds over the following time periods: 218 funds in the last three years, 212 funds in the last five years, and 183 funds in the last ten years. Past performance is no guarantee of future results.

Shaker Fundamental Growth was rated against the following numbers of Mid-Cap Growth funds over the following time periods: 216 funds in the last three years, 202 funds in the last five years, and 163 funds in the last ten years. Past performance is no guarantee of future results.