| Investment Objective: |
The Fund invests at least 80% of its assets in the component securities of the VettaFi New Frontier U.S. Dividend Select Index. Derivatives that have economic characteristics and provide investment exposure similar to securities included in the U.S. Dividend Booster Underlying Index will be counted towards the Fund's 80% investment policy. The U.S. Dividend Booster Underlying Index is a systematic, rules-based proprietary index that is maintained and calculated by VettaFi LLC (VettaFi or Index Provider). The U.S. Dividend Booster Underlying Index is based on the VettaFi US Equity Large-Cap 500 Index (Parent Index) and is constructed by applying an optimization process to the Parent Index that aims to deliver excess (or "boosted") dividend yield balanced against volatility relative to the broad market as represented by the Parent Index (i.e., to provide a high dividend yield relative to the Parent Index balanced against volatility through the selection and weighting of securities from the Parent Index), as described in greater detail below. The Parent Index includes large capitalization stocks representing approximately 88% of the investable universe (i.e., the U.S. equity market) by float-adjusted market capitalization. |
