FDIV – MarketDesk Focused U.S. Dividend ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation with a higher dividend yield compared to a broad-based index of U.S. large-cap dividend paying securities. The fund is an actively managed exchange-traded fund (“ETF”) that is sub-advised by MarketDesk Indices LLC (“Sub-Adviser”). The fund seeks to achieve its investment objective by investing at least 80% of its net assets, plus the amount of any borrowing for investment purposes, in a portfolio of U.S. companies that pay dividends and expect to grow the dividend over time.

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
FDIV	MarketDesk Focused U.S. Dividend ETF	ETF	Open			Sep 19, 2023	$56.86M	0.350%	—	—	−$4.78M

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