| Investment Objective: |
The Fund's investment objective is to seek long-term growth of capital. The Fund is an actively-managed exchange-traded fund ("ETF"). The Adviser seeks to achieve the Fund's investment objective by investing, under normal circumstances, primarily in equity securities of non-U.S. companies, and in companies in at least three countries other than the United States. In pursuing the Fund's investment objective, the Adviser employs a bottom-up research-driven approach to construct a portfolio of highly profitable companies with strong management teams and durable competitive strengths. The Adviser focuses on companies that it believes exhibit compelling structural growth and quality characteristics and aims to hold them for the long-term to harness the compounding effect of consistent high cash flows and earnings. Valuation is also emphasized to ensure sustained potential for growth over an extended period. The Fund may invest in securities of companies of any market capitalization or industry. The Adviser's research focuses on analyzing companies based on, structural growth, quality and valuation. In evaluating companies' structural growth prospects, the Adviser considers strength of business model, innovation potential, and exposure to secular market growth drivers. |
