| Investment Objective: |
The Fund's primary investment objective is to seek current income. The Fund is an actively managed exchange-traded fund ("ETF") that seeks defined income (i.e., a set annual income target as discussed below) and capital appreciation. The Fund's strategy involves: (1) constructing a portfolio of U.S.-listed equity securities of Semiconductor Companies (each, an "Underlying Security") (the "Equity Strategy"); and (2) generating income through an options portfolio (the "Options Strategies"), which involve using options contracts on Underlying Securities and/or Semiconductor ETFs. The Fund is generally unconstrained, meaning it may invest in companies of any market capitalization size. Semiconductor Companies may include companies from foreign countries, including emerging markets. The Underlying Securities may include such companies' U.S.-listed depositary receipts, such as American Depositary Receipts ("ADRs") and Global Depositary Receipts ("GDRs"). The Fund will be concentrated in the same industry or industries as those of the Semiconductor Companies, which subjects the Fund to specific industry-related risks. |
