| XPAR Exchange | US Country |
The fund described operates as an actively managed Exchange-Traded Fund (ETF) that is primarily focused on generating total returns for its investors. This objective is pursued through strategic investments in the equity securities of companies that are deeply engaged in the innovation, development, and practical application of transformational data sharing technologies. Such technologies encompass a wide spectrum of modern digital and computational methods designed to facilitate the exchange, analysis, and manipulation of data in various forms. With a commitment to invest at least 80% of its net assets in these equity securities, the fund demonstrates a strong emphasis on supporting the growth and advancement of technological firms that are paving the way for future data handling and communication paradigms. In addition to its focus on U.S. based companies, the fund also diversifies its investment portfolio by engaging in international markets. This is achieved through investments in non-U.S. equity securities, including but not limited to depositary receipts, which serve as proxies for foreign stocks, allowing the fund to partake in the global technological landscape.
At the core of its investment strategy, the fund allocates a significant portion of its assets towards the equity securities of companies actively involved in developing and leveraging transformational data sharing technologies. This includes startups and established firms that are innovating in data exchange, big data, cloud computing, and cybersecurity, among other areas. By investing in such companies, the fund aims to capture the value generated from the exponential growth and application of these technologies across various sectors.
To broaden its investment horizon and tap into international markets, the fund also invests in non-U.S. equity securities. This includes depositary receipts, which are financial instruments issued by banks to represent a specified number of shares in a foreign company traded on a local stock exchange. This strategy not only diversifies the fund's portfolio but also allows it to benefit from the technological advancements and growth occurring outside of the United States.