The Burney U.S. Equity Select ETF (the "Fund") is an actively managed ETF that seeks to achieve its investment objective by investing in U.S.-listed common stocks of any market capitalization and equity ETFs that provide exposure to such stocks. Security selection is guided by a proprietary model developed by The Burney Company, the sub-adviser to the Fund (the "Sub-Adviser"). The Sub-Adviser primarily uses a quantitative stock selection style of investing. Security selection is informed by the use of the Sub-Adviser's proprietary quantitative stock selection model that rates stocks on key valuation, growth, profitability, quality, and momentum factors. While the Sub-Adviser's proprietary stock selection process is the primary driver of the strategy, the Sub Adviser also utilizes a modest factor rotation style of investing to determine the Fund's allocation to market capitalization and growth/value factors. By using a modest factor rotation the Sub-Adviser expects the Fund's portfolio will gradually change its allocations to the four factors over time, generally avoiding abrupt changes to the Fund's size and style allocations.
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