cal analysis. The methodology examines a stocks price architecture, accumulation and distribution trends and relative strength patterns, among other more subtle trading characteristics. This information is partly gathered and analyzed through hand-drawn point and figure charts which have been a part of the methodology for over half a century. While the Peroni Method is primarily focused on the technical The Fund is a passively managed ETF listed for trading on the Exchange. The Fund implements its The Under normal market conditions, the Fund primarily invests in equity securities of domestic companies with large and mid-sized market capitalizations. The Funds sub-adviser, Cannell & Spears LLC (the Sub-Adviser) defines (1) companies with large market capitalizations as those companies with market capitalizations of more than dollar 80 billion and (2) companies with mid-sized market capitalizations as those companies with market capitalizations of at least dollar 9 billion but not more than dollar 80 billion. Equity securities in which the Fund invests on a principal basis include common stock and sponsored and unsponsored American Depositary Receipts (ADRs). The Fund may also invest in foreign securities and equity securities of domestic companies with small market capitalizations (defined by the Sub-Adviser as those companies with market capitalizations of less than dollar 9 billion). In addition, the Fund may invest in domestic fixed-income securities, including high-yield securities (or junk bonds).