| Investment Objective: |
The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets in high-quality equity securities that it believes are fairly valued at the time of purchase and have the potential for long-term growth. The Fund seeks to purchase securities when the market price is reasonable relative to the company's total enterprise value. The Fund does not rely on technical market indicators or short-term price movements to inform its investment decisions. Instead, it conducts fundamental analysis, including a thorough review of a company's balance sheet, historical earnings, and long-term growth prospects, to estimate intrinsic value and determine suitability for investment. The Fund typically invests in equity securities of both U.S. and non-U.S. companies. While the Fund may invest in securities issued by companies of any market capitalization, it primarily emphasizes large-cap companies that exhibit stable operating histories, strong financial positions, and durable competitive advantages. |
