ENTR

About ENTR

TheFund is an actively managed exchange-traded fund (“ETF”) that invests primarily in companies that meet the highest convictionthreshold (top quartile) of the Advisor’s proprietary Entrepreneur Factor (“EF”) model. The Advisor believes that companiesthat meet the EF model are led by dynamic leaders who engage innovation and implement solutions that create value for shareholders andother stakeholders. The companies that are relevant to this theme tend to rely on or benefit from the development of new products orservices, technological improvements and advancements in scientific research relating to various categories (cited below). The EFmodel incorporates a bottom-up investment orientation,), that includes investment criteria such as management attributes, sector, growth,value, leverage, market capitalization (size), momentum, and geographic orientation. With the aid of thematic research, the Advisor alsoincorporates a macro-economic, top-down approach that integrates changing investment flows, innovation entry points, sector growth andother proprietary characteristics into a dynamic, global perspective model. The portfolio demonstrates strong ESG (Environmental, Socialand Governance) characteristics because the EF model actively integrates ESG considerations. The EF model focuses on sectors that havelow environmental impact as measured by carbon footprint. Moreover, governance traits are central to the management attributes, as measured,for example, by executive turnover of the EF model as well as growth considerations that provide strong social contributions to communities,as measured by job creation.TheFund invests primarily in equity securities of mid and large capitalization (above $2.5 billion at the time of purchase) companies tradedon the NASDAQ, the New York Stock Exchange or other major U.S. exchanges. Equity securities include common stocks, preferred stocks,convertible preferred stocks, American Depositary Receipts (ADRs) (sponsored only) and Global Depositary Receipts (GDRs) (sponsored only).ADRs are U.S. dollar-denominated receipts, generally issued by domestic banks and traded on a U.S. exchange or over-the-counter, thatrepresent an investment in a non-U.S. company. GDRs may be offered privately in the U.S. and also trade in public or private marketsin other countries. The Fund may invest in companies tied economically to countries with developing (or “emerging market”)economies. Emerging market countries are generally located in Asia, Africa, the Middle East, Latin America and Eastern Europe. Countrieswith emerging market economies may be less sophisticated than developed markets in terms of participation by investors, analyst coverage,liquidity and regulation. The Fund’s portfolio is composed of both growth and value stocks. Companiesthat meet the EF criteria are typically found in the following categories: ●Artificial Intelligence and Robotics ●Cloud Computing ●Genetic Engineering and Biotech ●Digital Economy ●E-Commerce ●FinTech ●Intelligent Manufacturing ●Interactive Entertainment ●MedTech and Diagnostics ●Nanotechnology ●NextGen Transportation ●Renewable Energy ●Space Exploration ●Sustainable Food Products ●3D Printing ●5G & NextGen CommunicationInthe process of evaluating over 55,000 global public companies for entrepreneurial characteristics through the EF model, the Advisor seeksto exploit techniques to develop a more sophisticated assessment of targeted investments. TheEF model seeks to identify companies that may experience unique cost efficiencies or an expansion of demand through disruptive innovationor adjustments in their respective industries. The Advisor seeks to exploit these demand expansions/cost utilizations by applying itsinvestment methodology across multiple industry sectors though typically focuses on the Information Technology, HealthCare, CommunicationServices and Consumer Discretionary sectors. The Advisor generally will sell a portfolio security when it believes the security willno longer increase in value at the same rate as it has in the past, changing fundamentals signal a deteriorating value potential, orother securities with entrepreneurial characteristics have better price performance potential. When the Advisor believes market conditionsare unfavorable, it may use options and short selling to hedge a portion or all of the portfolio’s market risk. The Advisor mayengage in frequent trading to achieve the Fund’s investment objective. The Fund is non-diversified and therefore may invest a greaterpercentage of its assets in a particular company than a diversified fund. TheFund may engage in securities lending. The Fund may engage in frequent trading of the portfolio, resulting in a high portfolio turnoverrate.