| Investment Objective: |
The FolioBeyond Enhanced Fixed Income Premium ETF (the "Fund") seeks to provide income and, secondarily, long-term capital appreciation. The Fund is an actively managed exchange-traded fund ("ETF") that seeks to generate current income and long-term capital appreciation by investing in a portfolio of ETFs representing certain sectors of the fixed-income market ("Bond Sector ETFs"), both directly and indirectly through option overlays. The Fund uses the FolioBeyond Fixed Income Model (the "FB Model") to select its Bond Sector ETFs. The Fund primarily invests in an optimized portfolio of Bond Sector ETFs, such as those providing exposure to U.S. Treasuries, investment grade corporate bonds, high yield corporate bonds, mortgage-backed securities ("MBS"), municipal bonds, or sovereign bonds (foreign government bonds). In addition, the Fund employs its options overlay strategy using call and/or put options tied either to the Bond Sector ETFs or to broad-based bond market ETFs. The Fund will primarily invest in Bond Sector ETFs. The Fund's investment sub-adviser, FolioBeyond LLC ("FolioBeyond" or the "Sub-Adviser"), utilizes its FB Model, a proprietary, factor-based, multisector fixed income strategy designed to generate higher income. |
