The Humilis US Focused Opportunities ETF (the “Fund”) seeks to achieve long-term capital appreciation by investing primarily in U.S. large capitalization companies. The portfolio is designed to best encapsulate Humilis Investment Strategies’ (HiS) longer-term fundamental opinions, themes, and positioning with respect to the S&P 500 index, sectors, and industries, and is constructed in such a manner to provide U.S. investors with core long-term equity holdings of high quality brand-named companies in the U.S.

HiS utilizes a strategy that combines its top-down discipline with bottoms-up fundamental research to identify stocks that they believe represent superior risk/rewards opportunities in the U.S. The team develops a broad macroeconomic view based upon their detailed top-down analysis of the current and future economic environment, including liquidity conditions and market sentiment. This enables the team to identify industry and sector trends and catalysts that it believes will drive performance through the expectation of accelerated earnings growth or mitigation of risk. Bottoms-up fundamental research focuses on the continuous identification of high quality companies that the team believes are likely to gain market share through all aspects of the business cycle, focusing on companies with attractive growth metrics such as long-term earnings per share growth and stable or improving operating measures such as profit margins or return on equity. The team also seeks securities that appear reasonably valued given the specific earnings growth outlook. Finally, the team prefers companies with strong and transparent balance sheets that allow for financial flexibility during economic downturns and throughout the business cycle.