div style="margin-bottom:6pt;text-align:justify"span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"The Fund is an actively managed exchange-traded fund (“ETF”) sub-advised by Humilis Investment Strategies, LLC (the “Sub-Adviser”). The Fund will invest primarily in equity securities (e.g., common stock) of large-capitalization U.S. companies (generally those among the 500 largest U.S. companies by market capitalization). Under normal circumstances, the Fund will invest at least 80% of its net assets plus the amount of any borrowings for investment purposes in the securities of U.S. companies./spanspan style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%" /span/divdiv style="text-align:justify"span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"The Sub-Adviser combines top-down discipline with bottom-up fundamental research to identify equity securities that it believes represent superior risk/reward opportunities in the U.S. The Sub-Adviser develops a broad macroeconomic view based upon its detailed top-down analysis of the current and future economic environment, including liquidity conditions, interest rates, credit spreads, inflation, and market sentiment. Based on this view, the Sub-Adviser identifies industry and sector trends and catalysts that it believes will drive performance via the expectation of accelerated earnings growth and/or mitigation of risk. The Sub-Adviser seeks to build evidence-based portfolios and manage risk through patience, structure, and constant re-evaluation. The bottom-up fundamental research focuses on the continuous identification of high quality companies that the Sub-Adviser believes are likely to gain market share through all aspects of the business cycle, focusing on companies with attractive growth metrics such as long-term earnings per share (EPS) growth and stable or improving operating measures such as profit margins or return on equity (ROE). The Sub-Adviser also seeks securities that appear to the Sub-Adviser to be reasonably valued given the company’s specific earnings growth outlook. Finally, the Sub-Adviser prefers companies with/spanspan style="color:#000000;font-family:'Times New Roman',serif;font-size:12pt;font-weight:400;line-height:120%" /spanspan style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"a history of free cash flow, dividend growth and responsible debt management, and strong and transparent balance sheets that allow for financial flexibility during economic downturns and throughout the business cycle. /span/divdiv style="margin-bottom:6pt;text-align:justify"span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"Although the Fund seeks investments across a number of sectors, the Fund may have significant positions in particular sectors from time to time. The Fund will typically limit the weight of individual companies to not more than 10% of the Fund’s net assets at the time of purchase./span/divdiv style="margin-bottom:6pt;text-align:justify"span style="color:#000000;font-family:'Times New Roman',serif;font-size:10pt;font-weight:400;line-height:120%"All stocks in the portfolio are continuously monitored and the Sub-Adviser may sell or pare back a portfolio holding based on the following considerations: changes in fundamental factors with a company’s operations and business as they relate to corporate developments, changes in the macroeconomic landscape, if a stock price reaches its approximate sell target, if the Sub-Adviser’s initial investment thesis deteriorates, periods of accelerated appreciation or significant price deterioration, or if the Sub-Adviser determines to sell for any other reason in its sole discretion. /span/divThe Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund.