Fund Performance Login Open Account Contact Us Oberweis Asset Management ABOUT US STRATEGIES MUTUAL FUNDS RESOURCES INSTITUTIONAL INVESTOR OBEMX INVESTOR CLASS OVERVIEW PERFORMANCE FUND HOLDINGS FUND OBJECTIVE Seeks maximum long-term capital appreciation through investment in companies based in emerging markets. INVESTMENT STRATEGY The Emerging Markets Fund invests, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings, if any) in the securities of companies based in emerging markets. This includes securities of companies based in or whose securities are primarily traded on an emerging market exchange. It also includes those that have at least 50% of their assets in or derive at least 50% of their revenues from business activities in emerging market countries. The Fund generally invests in the stocks of small- and medium-sized companies with a market capitalization of less than $5 billion or within the range of companies in the MSCI Emerging Markets Small-Cap Index, whichever is greater. The companies selected for the Fund are typically untested and leveraged to the rapid expansion of the underlying region’s economy. Their above-average, long-term growth potential makes them most appealing for long-term investors who can tolerate the volatility associated with seeking maximum capital appreciation. MANAGEMENT TEAM Mark Weber, CFA Terry Tian Adnan Bokhari Nick Curry, CFA James W. Oberweis, CFA SUMMARY PROSPECTUS LITERATURE THIRD QUARTER 2021 COMMENTARY THIRD QUARTER 2021 FACT SHEET FUND BASICS TICKER CUSIP CATEGORY INCEPTION BENCHMARK OBEMX 674375837 Investor Class 5/1/18 MSCI Emerging Markets Small-Cap Index SALES CHARGE EXPENSE RATIO REDEMPTION FEE MINIMUM INVESTMENT The Oberweis Emerging Markets Fund is a no-load fund 1.75% for the year ending December 31, 2020 2% redemption fee on shares held three months or less $1,000 non-IRA, $500 IRA The gross expense ratio of expense off set arrangements and expense reimbursements was 3.79% and 3.54% for OBEMX and OIEMX, respectively. Oberweis Asset Management, Inc. (OAM), the Fund’s investment advisor is contractually obligated through April 30, 2022 to reduce its management fees or reimburse OBEMX to the extent that total ordinary operating expenses exceed in any one year 1.75% expressed as a percentage of the Fund’s average daily net assets and for OIEMX 1.50%. OUR PROCESS PROCESS Our process rests on our firmwide commitment to uncovering and capitalizing on the persistent and recurring stock pricing inefficiencies in global equities caused by a lag in investor response to new information. This lag in recognizing the catalysts likely to positively impact future earnings growth drives the security selection across all our strategies and mutual funds. The criteria used within each product, however, can differ. This is how our investment team implements our philosophy in the Emerging Markets fund. PRICING (AS OF 12/2/21) OBEMX DAILY NAV 15.62 DAY CHANGE 0.15 YTD RETURN 13.11% NET ASSETS (MILLIONS) 1.60 See pricing for all funds AVERAGE ANNUAL TOTAL RETURNS (PERIODS ENDED 9/30/21) 31.5231.52 13.113.1 0 5 10 15 20 25 30 35 1 Year 5 Years 10 Years Since Inception 5/1/18 Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so that you may have a gain or loss when shares are sold. Current performance may be higher or lower than quoted. Before investing, consider the Fund’s investment objectives, risks, charges, and expenses. To obtain a copy of the prospectus or summary prospectus containing this and other information, call 800-323-6166. Read it carefully before investing. The Oberweis Funds invest in rapidly growing smaller and medium-sized companies that may offer greater return potential. However, these investments often involve greater risks and volatility. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. There is no guarantee that the Funds can achieve their objectives. The Oberweis Funds are distributed by Oberweis Securities, Inc. Member: FINRA and SIPC. GROWTH OF $10,000 INVESTMENT (5/1/18 – 9/30/21) USD Value Oberweis Emerging Markets Fund MSCI Emerging Markets Small-Cap Index 5/1/2018 8/31/18 12/31/18 4/30/19 8/31/19 12/31/19 4/30/20 8/31/20 12/31/20 4/30/21 8/31/21 $5,000 $7,500 $10,000 $12,500 $15,000 $17,500 The MSCI Emerging Markets Small Cap Index is a free float-adjusted, market capitalization-weighted index that measures the performance of small-cap stocks in 24 emerging markets. Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so that you may have gain or loss when shares are sold. Current performance may be higher or lower than quoted. Visit us online at oberweisfunds.com for most recent month-end performance. SECTOR ALLOCATION (AS OF 9/30/21) Energy 4.6% Materials & Processing 3.1% Industrials 11.3% Consumer Discretionary 19.4% Consumer Staples 11.3% Healthcare 9.3% Financials 6.9% Information Technology 22.9% Communication Services 9.0% Utilities 0.0% Real Estate 1.1% Cash 1.1% TOP 10 HOLDINGS (AS OF 9/30/21) Affle (India) Ltd. 3.1% Afreeca TV 3.0% TCS Group Holding PLC 2.9% Dada Nexus Limited 2.6% Headhunter Group PLC 2.5% Leeno Industrial, Inc. 2.4% IDP Education Ltd. 2.4% M31 Technology Corporation 2.4% Varun Beverages 2.4% Wilcon Depot, Inc. 2.3% TOTAL 26.0% Source: Eikon The MSCI Emerging Markets Small Cap Index is a free float-adjusted, market capitalization-weighted index that measures the performance of small-cap stocks in 24 emerging markets. Performance data shown represents past performance and is no guarantee of future results. Investment return and principal value will fluctuate, so that you may have gain or loss when shares are sold. Current performance may be higher or lower than quoted. Visit us online at oberweisfunds.com for most recent month-end performance. INVEST NOW Contact Us ©2021 Oberweis Asset Management Privacy Legal Terms of Use DISCLOSURE: Before investing, consider the Fund’s investment objectives, risks, charges, and expenses. To obtain a copy of the prospectus or summary prospectus containing this and other information, call 800-323-6166. Read it carefully before investing. The Oberweis Funds invest in rapidly growing smaller and medium-sized companies that may offer greater return potential. However, these investments often involve greater risks and volatility. Foreign investments involve greater risks than U.S. investments, including political and economic risks and the risk of currency fluctuations. There is no guarantee that the Funds can achieve their objectives. The products described on this website are intended to be made available only to persons residing in the United States. Performance of our products is historical and does not guarantee future results. This website should not be considered a solicitation or an offering of any of the Oberweis Asset Management, Inc. ("OAM") products to investors residing outside of the United States. Please review the Terms and Conditions for using this website as well as our Privacy Notice. The Oberweis Funds are distributed by Oberweis Securities, Inc. Member: FINRA and SIPC.