| Investment Objective: |
The ETF is a passive, rules-based ETF that systematically identifies investment opportunities based solely on numeric signals and quantitative analysis via Core16's proprietary algorithm, strategically pinpointing optimal selling points to enhance return potential and manage downside risk without relying on subjective judgments. The ETF seeks to track the CORE16 Best of Breed Premier Index. The Index is designed to provide exposure to a systematically selected, rules-based portfolio of U.S. large-cap equities, with the capacity to adjust allocations between equities and cash to capture upside potential while mitigating downside risk. The Index aims to identify 50 securities with favorable near- to medium-term capital appreciation potential based on a quantitative scoring process that utilizes equity skewness. Equity skewness measures how a stock's returns are distributed to describe if returns are more likely to be higher or lower than an average return. Positive equity skewness refers to a stock that has potential for more frequent (but smaller) losses and fewer (but larger) gains relative to the broader market. Negative equity skewness refers to a stock that has potential for more frequent (but smaller) gains and fewer (but larger) losses relative to the broader market. |
