The Fund is an actively managed exchange-traded fund (ETF). The Fund will invest in equity securities of publicly listed non-U.S. companies that Sparkline Capital LP (the Sub-Adviser) believes are attractive relative to its proprietary measure of intangible-augmented intrinsic value. Under normal circumstances, the Fund invests at least 80 percent of its net assets (plus the amounts of any borrowings for investment purposes) in equity securities of publicly listed non-U.S. companies, including common stocks and depositary receipts evidencing ownership of common stocks, that satisfy the Sub-Advisers definition of value.