This actively managed Exchange Traded Fund (ETF) operates under a specific exemptive order from the Securities and Exchange Commission, relieving it of the requirement to publicly disclose its complete portfolio holdings each business day. The fund generally commits at least 80% of its capital to securities of small and medium market capitalization companies, defined for this fund as those comparable in size to constituents of the Russell 2500™ Index. Its investments span both domestic and international issuers, and it functions as a non-diversified fund.