| Investment Objective: |
WarCap Unconstrained Equity ETF (the "Fund") seeks long-term growth of capital. The fund is an actively managed ETF, and invests in securities may be of any market capitalization. The Fund is actively managed using an unconstrained investment style. The Fund may have exposure to a limited number of different investments and/or sectors. To determine the Fund's investable universe, the Advisor seeks to identify 30 to 50 holdings using macroeconomic data and fundamental analysis. Macroeconomic data focuses on interest rates in relation to stock market valuations with individual stocks selected through fundamental analysis. Operating under the economic view that the value of a company's stock is based upon its long-term ability to generate revenue and earnings, the Advisor focuses on a review of factors that it believes will impact long-term corporate sales and earnings growth. Consistency and a history of continued sales and earnings growth by a corporation will, in the Advisor's view, increase the corporation's enterprise value and, in turn, equity value, making that company's equity securities a potentially attractive investment by the Fund to achieve its long-term growth objective. |
