| Investment Objective: |
The Frontier Asset U.S. Large Cap Equity ETF (the "Fund") seeks to achieve long-term total return. The Fund is an actively managed exchange-traded Fund ("ETF"). Under normal circumstances, the Fund invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of large-capitalization U.S. companies. The Fund operates in a manner that is commonly referred to as a "fund of funds" and obtains investment exposure primarily by investing in other ETFs. The Fund defines large-capitalization companies as issuers with a market capitalization within the range of companies in the S&P 500 Index at the time of purchase. The equity securities in which the Fund generally invests are common stocks. For purposes of the Fund's 80% investment policy, however, equity securities also include real estate investment trusts ("REITs"). The Adviser makes investment decisions by seeking to identity and assemble a portfolio of ETFs that will achieve its desired asset allocation mix while also optimizing for positive risk-adjusted returns (i.e., alpha) relative to the general U.S. large-capitalization equity market. |
