Strategy. Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities that, at the time of investment, meet the environmental, social, and governance (ESG) criteria established by Emerge Capital Management Inc. (Emerge or the Advisor). The Fund invests predominantly in equity securities. Equity securities include common stock (including real estate investment trusts), preferred stock, securities convertible into common stock, American Depositary Receipts, or securities or other instruments whose price is linked to the value of common stock. The Fund may invest in the securities of issuers of all capitalization sizes. The Fund is non-diversified, which means it can invest a greater percentage of its assets in a … Show more… Under normal market conditions, the Fund invests at least 80% of its net assets, plus borrowings for investment purposes, if any, in equity securities that, at the time of investment, meet the environmental, social, and governance (ESG) criteria established by Emerge Capital Management Inc. (Emerge or the Advisor). The Fund invests predominantly in equity securities. Equity securities include common stock (including real estate investment trusts), preferred stock, securities convertible into common stock, American Depositary Receipts, or securities or other instruments whose price is linked to the value of common stock. The Fund may invest in the securities of issuers of all capitalization sizes. The Fund is non-diversified, which means it can invest a greater percentage of its assets in a small group of issuers or any one issuer than a diversified fund can. In selecting companies, Grace Capital (the Sub-Advisor) seeks to invest in equity securities that the Sub-Advisor believes have the potential for earnings or revenue growth, including companies the Sub-Advisor believes has an ability to pay high dividends. The Sub-Advisor employs a bottom-up investment approach that seeks to identify companies that the Sub-Advisor believes have long-term positive fundamentals trading at a discount to fair value based on the Sub-Advisors proprietary discounted cash flow valuation models. The Sub-Advisors strategy primarily focuses on identifying issuers that they believe have histories of steady revenue growth, consistent cash flow profitability, and earnings quality. The Sub-Advisor may recommend selling securities for several reasons, including when the Sub-Advisor believes the security is overvalued. Emerge considers ESG factors within its securities selection process for each equity security for the Fund. Emerge assesses whether a company meets the Funds ESG standards based on its proprietary ESG framework. Emerge uses ESG research, ratings, and analytics from independent third-party data providers to screen investments based on ESG criteria determined by Emerge. The Fund may hold securities of issuers for which third-party data is not available. Where an issuer has not been assigned a rating by the third-party data provider, Emerges ESG analysis incorporates publicly available data. Emerge has the right to change the third-party data providers that support its ESG framework at any time. In determining whether an issuer meets Emerges ESG investment criteria, Emerge considers: (i) negative screening criteria to eliminate certain types of issuers in light of social and environmental considerations; and (ii) governance-related risk ratings published by third party data providers, including Sustainalytics, designed to measure the degree to which a companys economic value is at risk driven by the magnitude of a companys unmanaged ESG risks. As of the date of this Prospectus, Emerge applies a negative screen to exclude companies for investment that derive 20% or more of their revenues from biological and chemical weapons, thermal coal extraction, gambling, adult entertainment, tobacco production, and recreational cannabis. Emerge may modify the above list of negative screens at any time, without prior shareholder approval or notice. ESG risk ratings data compiled by third-party data providers forms the basis for Emerges governance-related risk assessment and screening. Emerge may consider excluding, reducing or eliminating exposure to issuers with high ESG risk ratings, as determined by one or more third-party data providers. The Fund is an actively managed exchange-traded fund (ETF) that does not seek to replicate the performance of a specified index. Show less