| Investment Objective: |
The Fund seeks to provide investment results that, before fees and expenses, correspond to the performance of the Syntax Defined Volatility XLU Index (the "Index"). The Fund is a passively managed ETF listed for trading on the Exchange. The Fund implements its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in financial instruments that achieve the investment results of the Index. Syntax Defined Volatility XLU Index. The Index is a rules-based strategy that seeks to track the net asset value of a portfolio of securities of companies in the utilities sector of the large-cap U.S. equity market, with investment exposure to The Utilities Select Sector SPDR Fund ("XLU" or the "Underlying ETF"), adjusted for a targeted annual volatility rate of 25% (a representation of the annual long-term volatility rate of the Underlying ETF) (the "Defined Volatility Rate"). The Index was created by Syntax LLC ("Syntax" or the "Index Provider"). |
