XCHG

Ab US Equity ETF invests in equity securities of U.S. companies. In making investment decisions for the Fund, the Adviser relies on the investment research and recommendations generated by the Adviser's Large Cap Strategic Equities investment team. In utilizing this investment sourcing, the Adviser believes that company fundamentals will influence price such that research-driven stock selection leads to outperformance over market cycles. The Fund primarily invests in mid- and large-capitalization companies, which are currently defined for the Fund as companies that have market capitalizations of $2 billion or more. While the majority of assets will be invested in large-capitalization U.S. common stocks, the Fund may have small- and mid-capitalization and foreign exposure in keeping with Fund objectives.