¹ The i3 Investments™ Team is a portfolio management team with Guardian Capital LP, a registered portfolio manager. The i³ Investments™ Team combines quantitative and fundamental analysis in managing investment portfolios. The quantitative component of the team’s investment process has evolved as new tools and datasets have become available and, over time, new quantitative models which incorporate aspects of artificial intelligence have been incorporated. The i³ Investments™ Team provides a modern approach to portfolio construction, combining the advantages of quantitative analysis, big data, and artificial intelligence with the experience, perspective, and decision making of our investment team. The application of quantitative investment analysis that incorporates artificial intelligence and machine learning in a forecast model is forward-looking and the simulated results are subject to inherent limitations. Investment strategies which rely on predictive artificial intelligence and quantitative models may perform differently than expected, as a result of, among other things, the factors used in the models, the weight placed on each factor, changes from the factors’ historical trends and the limitations of technology in the construction and implementation of the models. There is no guarantee that the use of the quantitative model and artificial intelligence will result in effective investment decisions. There are no guarantees that dividend paying stocks will continue to pay dividends. All investments are subject to risk, including loss. There is no assurance that any investment strategy will be successful.
² AI: Artificial Intelligence is focused on building systems that are able to perform tasks that would typically required human intelligence, such understanding a language, recognizing patterns, and decision making. the i³ Investments™ team leverages the predictive power of AI to help identify pockets of strength in the equity universe.
³ As of December 31, 2025, and is subject to change.
⁴ Machine learning is a subset of artificial intelligence that enables a system to autonomously learn and improve using neural networks and deep learning, without being explicitly programmed, by feeding it large amounts of data; Natural language processing (NLP) is a machine learning technology that gives computers the ability to interpret, manipulate, and comprehend human language; and Image analysis involves processing an image into fundamental components to extract meaningful information.
⁵ GEMX is the i³ Investments™ Team’s proprietary analytics model, incorporating AI into a multi-factor algorithm programmed and trained by the i³ Investments™ Team.
⁶ James Francis is employed by Alta Capital Management, LLC, a U.S.-based affiliate of Guardian Capital LP (GCLP), and is engaged in the marketing and promotion of GCLP’s investment products and services.
