Strategy. The Fund is an actively managed exchange-traded fund (ETF) that invests primarily in dividend-paying U.S.-listed equity securities. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investments purposes) in dividend-paying securities ( i.e. , equity securities that have paid a dividend in the prior 12 calendar months). The equity securities held by the Fund may include common stocks of U.S. companies, American Depositary Receipts (ADRs) ( i.e. , receipts evidencing ownership of foreign equity securities), and real estate investment trusts (REITs). In selecting securities, Bahl & Gaynor, Inc., the Funds investment adviser (Bahl & Gaynor or the Adviser), employs a bottom-up approach that considers, among other factors, a companys historical earnings and dividend … Show more… The Fund is an actively managed exchange-traded fund (ETF) that invests primarily in dividend-paying U.S.-listed equity securities. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investments purposes) in dividend-paying securities ( i.e. , equity securities that have paid a dividend in the prior 12 calendar months). The equity securities held by the Fund may include common stocks of U.S. companies, American Depositary Receipts (ADRs) ( i.e. , receipts evidencing ownership of foreign equity securities), and real estate investment trusts (REITs). In selecting securities, Bahl & Gaynor, Inc., the Funds investment adviser (Bahl & Gaynor or the Adviser), employs a bottom-up approach that considers, among other factors, a companys historical earnings and dividend growth, as well as its balance sheet and cash flow generation, competitive position, and prospects for future cash flow and dividend growth. Weightings of individual sectors are based on the Advisers assessment of company fundamentals, valuations, and overall economic conditions. The Adviser targets companies that, in its judgement, have high-quality business models, strong competitive advantages, reasonable valuations, and sound capital allocation policies or approaches. The Adviser believes that the securities identified using such strategies have the potential to provide improved downside protection relative to the broader equity market. The Adviser generally sells a security when, in its opinion, one or more of the following occurs, among other reasons: 1) the securitys dividend is reduced to what the Adviser believes is an unacceptable amount per share, 2) the Adviser believes the companys fundamentals and/or management is deteriorating, 3) the Adviser believes the companys stock has become a greater weight of the Funds portfolio than desired due to market appreciation or other factors, or 4) the Adviser identifies a more attractive investment opportunity for the Fund. While investing in a particular market sector is not a strategy of the Fund, its portfolio may be significantly invested in one or more sectors as a result of the security selection decisions made pursuant to its strategy. As of March 31, 2025, a significant portion of the Funds assets consisted of securities of companies in the industrials, financials, information technology, and health care sectors, although this may change from time to time. Show less