Strategy. The Fund will seek investment results that correspond (before fees and expenses) generally to the performance of the Underlying Index. The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Index. The Underlying Index utilizes a proprietary, rules-based methodology developed by Ladenburg Thalmann Index, LLC (the Index Provider), which is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization companies that are positioned to benefit from electrification (each, an Electrification Company). For these purposes, electrification means the process of charging, equipping, or supplying with or operating with electricity, or the conversion of a machine or system to the use of electrical power. The selection criteria for the Underlying Index include requirements … Show more… The Fund will seek investment results that correspond (before fees and expenses) generally to the performance of the Underlying Index. The Fund employs a passive management or indexing investment approach designed to track the performance of the Underlying Index. The Underlying Index utilizes a proprietary, rules-based methodology developed by Ladenburg Thalmann Index, LLC (the Index Provider), which is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization companies that are positioned to benefit from electrification (each, an Electrification Company). For these purposes, electrification means the process of charging, equipping, or supplying with or operating with electricity, or the conversion of a machine or system to the use of electrical power. The selection criteria for the Underlying Index include requirements for ICE Uniform Entity Sector Classification Schema (ICE) sub-industry classification, primary exchange listing, minimum market capitalization, average daily trading volume and other factors. The Underlying Index is comprised of the common stock of companies assigned to one of eighteen ICE sub-industries. The eighteen ICE sub-industries are: (i) electricity generation - renewable; (ii) electricity generation - non-renewable; (iii) multi-utilities; (iv) integrated electricity; (v) electricity distribution & transmission; (vi) electronic components; (vii) electronic equipment & instruments; (viii) electrical components & power equipment; (ix) battery technology; (x) construction engineering & services; (xi) construction; (xii) copper; (xiii) diversified base metals; (xiv) thermal coal; (xv) uranium; (xvi) oil & gas pipelines & storage; (xvii) oil & gas freight; and (xviii) solar cells. To be included in the Underlying Index, a companys stock must also be listed on a U.S. securities exchange, have a minimum total market capitalization of at least $5 billion, have a minimum three-month average daily trading volume greater than $5 million prior to the selection date, and have traded on at least 90% of eligible trading days over the six months prior to the selection date. Companies newly listed on a U.S. securities exchange will be eligible for inclusion in the Index Universe on such date that is 90 days after the date of such initial public offering if such company has traded on at least 90% of eligible trading days over the three months prior to the selection date. The eligible stocks that are selected for inclusion in the Indexs portfolio will be equally weighted. As of December 31, 2025, the Underlying Index consisted of 100 securities. The Underlying Index is reconstituted and rebalanced quarterly on the third Friday in March, June, September and December. The Index Providers Index Committee reviews and approves all changes to the Underlying Index as well as regularly reviews the constituent criteria and index construction guidelines based on a proprietary, rules-based research process. The Fund will invest at least 80% of its net assets in securities that comprise the Underlying Index. Show less