TRUF

The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, under normal market circumstances, at least 80% of its total assets in equity securities of financials-related companies or instruments that provide exposure to financials-related companies as determined by the Adviser. Financial companies may include those in the following industries: banks, capital markets, consumer finance, insurance, and diversified financial services. The Adviser utilizes a discretionary investment process that favors investments in financials-related companies that are well-established market leaders, considering factors such as industry dominance, large market capitalization, high growth, and strong operating performance. The Fund may gain exposure to these companies through holdings in publicly traded common stocks, exchange-traded funds that provide exposure to financials companies, and derivative instruments, such as total return swaps on individual securities. Financials companies in the Fund are expected to be U.S. listed and may include large- and medium-capitalization companies.