FMC EXCELSIOR FOCUS EQUITY ETF - USD

The Fund is an actively managed exchange-traded fund ('ETF') that, during normal market conditions, seeks to invest in approximately 25-30 U.S. exchange-traded common stocks of companies that are listed on U.S. national securities exchanges and trade contemporaneously with the shares of the Fund (the 'Shares'). From time to time, the Fund may hold a greater number of common stocks. At inception of the Fund, the Fund expects to hold significantly more than the usual 25-30 U.S. exchange-traded stocks.