Chesapeake Trend-Following Fixed Income ETF TFFI Strategy

The investment seeks to preserve capital and generate long-term capital appreciation. The fund is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing pursuant to a long-term trend following program developed by the fund’s investment sub-adviser, Chesapeake Capital Corporation (“Chesapeake” or the “Sub-Adviser”), that focuses on the fixed-income asset class (the “Fixed Income Program”). A trend following program is a trading strategy that seeks to identify and profit from directional price movements in financial markets. The fund is non-diversified.