| Investment Objective: |
The Fund is an actively managed exchange-traded fund ("ETF") that under normal circumstances seeks to achieve its investment objective by investing at least 80% of its net assets, which include borrowings for investment purposes, in domestic and foreign, common and preferred stocks of publicly listed companies that the Adviser determines are Power Semiconductor Companies. The Adviser deems a company to be a "Power Semiconductor Company" if i) at least 50% of its annual revenue is related to the development, design, distribution, manufacturing, or production of manufacturing/test equipment of one or more of the following power semiconductor products; ii) its primary business is related to the development, design, distribution, or production of manufacturing/test equipment of one or more of the following power semiconductor products but it does not currently generate revenues, and/or (iii) less than 50% of its annual revenue is related to the development, design, distribution, or production of manufacturing/test equipment of one or more of the power semiconductor products. |
