The expansion of AI is anticipated to dramatically increase demand for electricity use. Expected growth in the sector is coupled with macroeconomic headwinds that have impacted current valuations. We believe an active, experienced manager in the space could help investors make the most of this compelling opportunity to invest in this unique asset class.

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The commentary is the opinion of the subadviser. This material has been prepared using sources of information generally believed to be reliable; however, its accuracy is not guaranteed. Opinions represented are subject to change and should not be considered investment advice or an offer of securities.

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