| Investment Objective: |
The Fund will invest at least 80% of its net assets in equity securities and option contracts that give economic exposure to equity securities of companies located in international developed markets. The Fund is an actively managed ETF that seeks to provide capital appreciation through uncapped participation in the large- and mid-capitalization equity markets in developed countries (excluding the United States and Canada), while seeking to limit any losses. Pursuant to its investment objective, the Fund intends to invest in a diversified portfolio of equity securities (the "Equity Portfolio") that are representative of the Solactive GBS Developed Markets ex North America Large & Mid Cap Index (the "Equity Portfolio Index"). The Sub-Adviser will actively monitor the performance of the portfolio and, selectively ladder the Options Portfolio to seek to protect capital. The Fund seeks to provide a series of "buffers" that each seek to protect the Fund against 10% of MSCI EAFE Index (the "International Developed Index") losses, as measured at the end of one-year periods and prior to taking into account the Fund's annual management fee and other fees or expenses, which will have the effect of reducing the buffer amount experienced by Fund shareholders. |
