LUNC – Longnook Uncommon Compounders ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to achieve long-term capital appreciation. The fund is an actively managed exchange-traded fund (“ETF”) that principally invests in equity securities of companies around the world that the fund’s sub-adviser, Longnook ETF LLC (the “Sub-Adviser”), has identified as “Misclassified Compounders” — companies with characteristics of a durable, high-quality business that are priced by the market as though they are not. It is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
LUNC	Longnook Uncommon Compounders ETF	ETF	Open	—	—	Sep 28, 2026	$34.70M	0.750%	—	—	—

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