KNOWLEDGE LEADERS DEVELOPED WORLD ETF ETF

The investment seeks to provide long-term capital appreciation. The fund invests primarily in equities the advisor considers to be highly innovative companies or ?knowledge leaders.? The portfolio will include a diversified mix of mid- and large-cap companies from the developed world including North America, Europe and Asia. Under normal circumstances, at least 80% of the fund?s assets will be invested in securities the fund?s advisor identifies as knowledge leaders at the time of investment, with not more than 25% in any one industry.