EZRO

Alphadroid Defensive Sector Rotation ETF seeks to track the total return performance, before fees and expenses, of the AlphaDroid EZ-RO Defensive Sector Rotation Index ("Defensive Sector Index" or the "Index"). The fund manager employs a "passive management" (or indexing) investment approach designed to track the total return performance, before fees and expenses, of the index. The fund invests in various types of U.S. publicly traded ETFs that comprise the index ("Underlying ETFs") and therefore operates as a "fund-of-funds." The fund is non-diversified.