| Investment Objective: |
The Vontobel International Equity Active ETF (the "Fund") seeks long-term capital appreciation. The Fund will invest most of its assets in equity securities of countries included in the Morgan Stanley Capital International All Country World ex US Index. The Fund may invest up to 30% of its assets in equity securities issued by companies in "developing countries" or "emerging markets". The equity securities in which the Fund invests will primarily be common stock on established securities exchanges. The Adviser generally uses a bottom-up stock and business analysis approach that seeks out high quality, growing companies that are sensibly priced. These companies may exhibit qualities such as consistent operating histories and financial performance, favorable long-term economic prospects, and competent management that can be counted on to use cash flow wisely and channel successful business gains to its shareholders. The Fund considers environmental, sustainability and governance ("ESG") characteristics and invests in companies that the Adviser believes are well-prepared to handle financially material ESG challenges. The Adviser utilizes an ESG framework in selecting investments. The Fund follows an active ownership approach, which takes into account relevant ESG matters. |