Opus Small Cap Value Plus ETF (OSCV) Exchange: BATS

The Fund is an actively managed exchange-traded fund (“ETF”) that invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in equity securities of small-capitalization U.S. companies. The Fund defines a small-capitalization company as an issuer whose market capitalization at the time of purchase is in the range of those found in the Russell 2000® Index. The Fund’s sub-adviser selects stocks across a variety of sectors and industries for the Fund by combining factor-based analysis with rigorous fundamental research to identify high-quality, growing companies that the sub-adviser believes are undervalued. The sub-adviser focuses on three core themes to identify companies for the Fund: Higher QualityCompanies with sound business models, higher returns on equity, strong balance sheets, and shareholder-friendly management.Higher GrowthCompanies that are well-positioned to grow sales, earnings, cash flows, and dividends.Lower ValuationCompanies whose valuations reflect lower price-to-earnings and higher yields than their peers.The Fund’s sub-adviser generally sells a stock for the Fund when the company is no longer believed to be high quality, when its anticipated growth rate has significantly declined, when it is no longer considered undervalued, or when it is no longer considered a small-capitalization company after a significant period of time (e.g., more than one year). The Fund will primarily invest in common stocks and real estate investment trusts (“REITs”).