| Investment Objective: |
The GammaRoad Market Navigation ETF (the "Fund") seeks capital appreciation. The Fund is an actively-managed exchange-traded fund ("ETF") that seeks capital appreciation by generally tracking the performance, of the MarketVector GammaRoad U.S. Equity Strategy Index (the "Index"). Although the Fund generally tracks the performance of the Index, it is actively-managed and from time to time will deviate from the allocations and the specific investments held by the Index. As a result, there will be periods when the Fund will not track the Index. The Index is designed to rotate its exposure between large-cap U.S. equity securities and U.S. Treasury Bills using U.S.-listed ETFs. The Index seeks to deliver comparable returns to the S&P 500 Index over the long-term, with lower volatility and drawdowns. The Index follows a rules-based methodology. The ETFs in the Index, under certain market conditions, will include a leveraged ETF, which means the Fund may also invest in this leveraged ETF. A leveraged ETF may constitute 25% of the Fund's portfolio at the time of rebalancing, but if there is market appreciation between rebalances. Additionally, the Fund may invest directly in 1-3 month T-Bills as an alternative to investing in an ETF to gain T-Bills exposure. |
