Strategy. The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in the equity securities of Space and Technology Companies. The Fund will generally seek to invest in the equity securities of Space and Technology Companies. The Adviser identifies Space and Technology Companies based on public disclosures indicating that at least 50% of their revenues or profits are attributable to one or more of the following activities: ? the development, manufacturing or operation of hardware or software used in connection with the design, development, manufacturing, integration, testing, deployment, operation or servicing of: o rocket launch and launch-support systems, o spacecraft and satellites (including satellite buses and payloads), o aerospace and space-related defense systems … Show more… The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in the equity securities of Space and Technology Companies. The Fund will generally seek to invest in the equity securities of Space and Technology Companies. The Adviser identifies Space and Technology Companies based on public disclosures indicating that at least 50% of their revenues or profits are attributable to one or more of the following activities: ? the development, manufacturing or operation of hardware or software used in connection with the design, development, manufacturing, integration, testing, deployment, operation or servicing of: o rocket launch and launch-support systems, o spacecraft and satellites (including satellite buses and payloads), o aerospace and space-related defense systems with a direct space mission (i.e., a mission, program, operation or activity whose primary objective is to access, operate in, or derive utility from the space environment), or o space-related communications infrastructure and services, including hardware or software that is primarily used to operate, manage, communicate with, or distribute data from space assets. ? the development, manufacturing or operation of technology, including: o network infrastructure, o advanced military technology, o AI services, o software and information technology services companies, o manufacturers and distributors of technology hardware and equipment, or o semiconductors and semiconductor equipment. Under normal circumstances, the Fund invests at least 80% of its net assets (plus borrowings for investment purposes) in Space and Technology Companies. In seeking to achieve the Funds investment objective, the Adviser constructs the portfolio pursuant to its own proprietary security selection methodology. In general, the Advisers methodology prioritizes companies with higher levels of thematic relevance, which is based upon its research on an individual companys public disclosures (e.g., 10-K filings, company presentations, capital markets day presentations, etc.) and other publicly available sources (e.g., sell-side research, financial news, etc.). The Fund will also seek to invest in those companies with a minimum market capitalization of $500 million and an average daily trading volume of at least $1 million. The Adviser rebalances the weighting of the companies comprising the Funds portfolio on at least a quarterly basis. The Fund may invest in U.S. and non-U.S. companies (including those operating in developed or emerging market countries) through investments in depositary receipts and American Depositary Receipts (ADRs). Such companies may be small-, mid- or large-capitalization issuers. The Fund will concentrate ( i.e. , invest more than 25% of its total assets) its investments in the group of industries comprising the industrials sector, the information technology sector, the communication services sector, the materials sector and the utilities sector, collectively. The Fund is classified as non-diversified under the 1940 Act. Show less