KFA SMALL CAP QUALITY DIVIDEND INDEX ETF

The investment seeks to provide investment results that, before fees and expenses, correlate generally to the price and yield performance of the Russell 2000 Dividend Select Equal Weight Index (the ?underlying index?). Under normal circumstances, the fund will invest at least 80% of its total assets in components of the underlying index. The underlying index is designed to track the equity market performance of small cap companies that have increased their dividend payments over a period of ten years (subject to certain exceptions), which the manager believes is a measure of a ?quality? company. The fund is non-diversified.