The fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in U.S. equity securities that the sub-adviser believes are under-valued and under-appreciated by the market. The sub-adviser employs a quantitative and systematic approach to long-term investing. It is expected that the fund will generally hold 60 to 70 stocks that are selected from a universe that includes all publicly traded stocks listed on the New York Stock Exchange (“NYSE”) and the Nasdaq Market (“Nasdaq”).

Mueller Industries, Inc.

Matson, Inc.

Crocs, Inc.

Freeport-McMoRan Inc.

Oshkosh Corp

APA Corporation

Adobe Inc.

BorgWarner Inc.

Owens Corning

Fox Corporation

Consumer Cyclical

Energy

Healthcare

Industrials

Consumer Defensive

Basic Materials

Technology

Communication Services

Euclidean Fundamental Value ETF

ECML Holdings & Sector Breakdown