| Investment Objective: |
WEBs Defined Volatility XLF ETF seeks to provide investment results that, before fees and expenses, correspond to the performance of the Syntax Defined Volatility Financials 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 Financials Index is a rules-based strategy that seeks to track the net asset value of a portfolio of securities of companies in the financial sector of the large-cap U.S. equity market, with investment exposure to The Financial Select Sector SPDR Fund ("XLF" or the "Underlying ETF"), with investment exposure to the Underlying ETF adjusted for a targeted annual volatility rate of 30% (a representation of the annual long-term volatility rate of the Underlying ETF) (the "Defined Volatility Rate"). The Index was created by Syntax LLC. |
