| Investment Objective: |
Clockwise U.S. Core Equity ETF is an actively managed exchange traded fund ("ETF") that seeks to outperform the large-cap segment of the U.S. equity market over a full market cycle while exhibiting lower volatility. Under normal circumstances, the Fund will invest primarily in U.S. equity securities of companies positioned to benefit from long term innovation trends together with established core economy businesses that provide stability during periods of economic uncertainty. The Sub-Adviser seeks to achieve the Fund's objective through active rotation among three key asset allocations: (i) less volatile and lower price to earnings (P/E) legacy companies that generate consistent cash flows; (ii) more volatile and higher growth innovation leaders driving advances in areas such as artificial intelligence, big data, power infrastructure, and cryptocurrencies, among others; and (iii) adaptive portfolio risk controls including allocation to cash, short term U.S. Treasuries, inverse ETFs,, and covered call options strategies, each used to manage volatility and preserve capital. The Sub-Adviser typically utilizes leveraged and inverse ETFs to seek to mitigate or reduce the Fund's overall portfolio volatility. |
