The SmartETFs Asia Pacific Dividend Builder ETF invests at least 80% of its net assets in publicly-traded, dividend-producing equity securities of companies that are tied economically to countries in the Asia Pacific region. Equity securities may include common stocks, preferred stocks, securities convertible into common stocks, rights and warrants. In the Advisers view, investing in dividend-paying stocks permits investors to gain access to the more established companies in the region. In the Advisers view, dividend builder refers to a dividend-paying company which the Adviser believes will experience increasing dividends over time. The Adviser seeks to invest in companies that have returned a real cash flow (cash flow adjusted for inflation) on investment of at least 8% for each of the last eight years, and, in the opinion of the Adviser, are likely to grow their dividend over time; however, this is one of several criteria used by the Adviser and it is possible that not all investments may meet this criterion.