The Fund is an actively managed exchange-traded fund that primarily invests in passively managed ETFs, including affiliated ETFs that use the sub-adviser's models or indices. The Fund's sub-adviser, Ned Davis Research, Inc., developed models and indicators that are quantitative and are based on data from multiple disciplines, including macroeconomic, fundamental, technical, and sentiment areas. The models and indicators are used by the Fund's portfolio managers to allocate across the equity, fixed income, and commodity asset classes, as well as determine the investments in the Underlying ETFs. The Underlying ETFs principally invest in equity securities, bonds, commodities and money markets. NDR constructs the Fund's portfolio using its 360 Approach, a comprehensive methodology designed to provide a holistic view of the global markets, including equities, bonds, commodities, and money markets, guiding the Fund's asset allocation.