| Investment Objective: |
Porter & Company Property & Casualty Index ETF seeks to track the investment results, before fees and expenses, of the Porter & Co. P&C Insurance Index. The Fund will generally use a "replication" strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the P&C Insurance Index in approximately the same proportions as in the P&C Insurance Index. However, the Fund may use a "representative sampling" strategy, meaning it may invest in a sample of the securities in the Index whose risk, return and other characteristics closely resemble the risk, return and other characteristics of the P&C Insurance Index as a whole when the Fund's Adviser, believes it is in the best interests of the Fund. The P&C Insurance Index is a rules-based, equity index designed to provide exposure to leading publicly traded property and casualty ("P&C") insurance companies. Construction of the P&C Insurance Index starts with an initial universe of the publicly traded property and casualty insurance companies included in the VettaFi Full World Ex US ADR Index which provides coverage of US listed companies in the VettaFi Full World Ex US index which includes the country/sector exposures of its corresponding equity market index. |
