ALIL

The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in the equity securities of small-capitalization companies that Argent Capital Management, LLC, the fund’s sub-adviser (the “Sub-Adviser”), believes are high quality, enduring businesses. Under normal circumstances, at least 80% of the fund’s net assets, plus any borrowings for investment purposes, will be invested in small-capitalization companies. The fund is non-diversified.