| Investment Objective: |
The Fund is an actively-managed exchange-traded fund that seeks to replicate the returns of the Advanced Research Ultra Risk Parity Index. The UPAR Index is designed to provide leveraged exposure to the Advanced Research Risk Parity Index. The Fund and the UPAR Index will utilize leverage in an effort to balance portfolio risk across four major asset classes Global Equities, Commodities (through commodity producer equities and gold), U.S. Treasury Inflation Protected Securities (TIPS), and U.S. Treasuries. Ultra in the Funds name refers to the use of leverage to enhance returns. Through the use of leverage, the Fund targets an allocation that is 1.60 to 1.80 times of net asset value. The use of leverage may magnify the effect of any decrease or increase in the value of the Funds portfolio holdings over time relative to a fund that does not utilize leverage. |
