Society Defended ETF

The Fund seeks to meet its investment objective by primarily investing its net assets, plus borrowings for investment purposes, if any, in the equity securities of large- and mid- capitalization US companies that meet its social criteria. The Fund uses both a fundamental security analysis and proprietary social rating system to select the equity securities for the portfolio.

The 2nd Amendment and Border Security social scoring system evaluates information about companies’ direct and indirect corporate donations; activities and stated policies of companies; documented sponsorships for various political and advocacy-related events; corporate leadership donations, activities and advocacy; and lobbying spent for or against various issues on federal and state levels.

With respect to the 2nd Amendment Score, the base score will increase for monetary donations that support the right to bear arms or decrease for monetary donations that support gun control laws based on the dollar amount. The degree to which companies provide direct or indirect support to organizations which support gun free zones, support of gun control legislation, oppose stand-your-ground-laws, oppose concealed carry, support banning of firearms or refusal to do business with the firearms industry, and related advocacy groups or legislation will lower their 2nd Amendment Score. Alternatively, the degree to which companies provide direct or indirect support to organizations which support firearm retailers and manufacturers and the right to bear arms will increase their 2nd Amendment Score.

With respect to the Border Security Score, the base score will increase for donations made to causes that support legal immigration or decrease for donations that support illegal immigration. The degree to which companies have an over-reliance on, or have outsourced their supply chain to countries (e.g. China) having interests adverse to the United States or which provide direct or indirect support to organizations that back open borders, promote or support sanctuary cities, that encourage the DREAM Act or are anti-Immigration and Customs Enforcement will result in a low their Border Security Score. Alternatively, the degree to which companies advocate for support of the rule of law, enforcement of federal immigration laws and avoid doing business with or have eliminated supply chain reliance on countries adverse to the United States will increase their Board Security Score. Direct or indirect support of organizations which lower a company’s 2nd Amendment Score and Border Security Score are collectively referred to as “anti-safe society actions.” Ultimately a company receives each a 2nd Amendment Score and Border Security Score of between 1 and 5, which may not be a whole number. Companies with a 2nd Amendment Score or a Border Security Score of less than “3.0” on the scoring system are not included in the Fund’s portfolio.