LLMA

The fund is an actively managed exchange-traded fund (“ETF”) that seeks capital appreciation by gaining economic exposure to LLM Companies. Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in LLM Companies and/or derivative instruments that provide economic exposure to LLM Companies. LLM Companies include those that are involved in researching, developing, training, and deploying the company’s own LLM, together with products and services delivered directly on top of those models.