The Fund is a fund of funds, meaning that it primarily invests its assets in securities of other exchange-traded funds. In particular, the Fund allocates its assets among ETFs that each focus on common stocks of companies included in an individual sector of the S&P 500 Index, as determined by the Global Industry Classification Standard, the Equity Sectors. As of the date of this Prospectus, the Equity Sectors include communication services, consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, real estate, information technology and utilities. Components of the S&P 500 Index, and the sector classifications as determined by GICS, are subject to change and are not controlled by the Fund or the Adviser.