NDOW – Anydrus Advantage ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to provide total return, consisting of capital appreciation and income. The fund is an actively managed ETF that seeks to achieve its investment objective by investing in a combination of equity securities, fixed income securities and ETFs representing a broad range of asset classes. The fund seeks to provide attractive risk adjusted returns over market cycles by investing in a broadly diversified portfolio. In doing so, the fund seeks to provide investors with 1) reduced correlation to U.S. only stock and bond market movements, and 2) multiple alternative return sources that are independent from traditional U.S. stock and bond markets.

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
NDOW	Anydrus Advantage ETF	ETF	Open	—	—	May 13, 2024	$72.64M	2.110%	—	—	$13.49M

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