PQUS

The Fund is an actively managed ETF that seeks to achieve its investment objective by utilizing an investment strategy enhanced by the use of artificial intelligence. The fund invests in equity securities of U.S. companies. A "US Company" for the purposes of this Fund are those that are listed within the S&P 500 Index. In managing the Fund's assets, Pictet Asset Management S.A., the Fund's investment adviser ("Pictet AM SA" or the "Adviser"), seeks to outperform (net of fees) the Index using an enhanced index strategy with a low tracking error to invest across the U.S. equity market using an artificial intelligence model to identify stocks. The artificial intelligence model uses 250+ features engineered from a broad range of data such as fundamentals, analyst sentiment, prices and market activity, short interest and calendar effects to make relative forecasts of the stocks of the Index. The securities the Fund invests in include common and preferred stocks, securities convertible or exchangeable into common stocks, warrants, rights to purchase common stocks, real estate investment trusts ("REITs"), and American Depositary Receipts ("ADRs"). The Fund may invest in equity securities of any market capitalization of companies listed in the Index.