| Investment Objective: |
The Fund is an actively managed exchange-traded fund ("ETF") whose investment objective is to seek to provide total return. The Fund seeks to achieve its investment objective by primarily investing in a core portfolio of 20 to 35 equity securities (e.g., common and preferred stock) comprised of U.S. issuers and issuers of foreign developed markets and/or emerging markets, which may include investments in American Depositary Receipts ("ADRs"). The securities the Fund will invest in will generally have a minimum market capitalization of $1 billion. In selecting securities, Ariam Global Inc. (the "Sub-Adviser") employs an in-depth research process that evaluates company fundamentals, industry trends, alternative data, and market sentiment to identify emerging opportunities before they are fully reflected in market valuations. In addition to the core equity portfolio, the Sub-Adviser may employ options strategies to seek to enhance the Fund's return or manage risk. Specifically, the Sub-Adviser may purchase long call options on select portfolio holdings or other securities to enhance the Fund's potential return from price appreciation or to gain exposure to attractive investments at a lower initial cost than a direct equity investment.. |
