TRUH

The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing, at least 80% of its total assets in equity securities of healthcare-related companies or instruments that provide exposure to healthcare-related companies as determined by the Adviser. Healthcare companies may include those in the following industries: pharmaceuticals, biotechnology, life sciences tools and services, healthcare equipment and supplies, and healthcare providers and services. The Adviser utilizes a discretionary investment process that favors investments in healthcare-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 healthcare companies, and derivative instruments, such as total return swaps on individual securities. Healthcare companies in the Fund are expected to be U.S. listed and may include large- and medium-capitalization companies.