ITAN | Sparkline Intangible Value ETF

ITAN ISSUER

Sparkline Capital's ITAN issuer, an actively-managed exchange-traded fund (ETF), distinguishes itself by investing in U.S.-listed equity securities based on its proprietary measure of intangible-augmented intrinsic value. Unlike conventional quantitative value strategies, the fund's approach integrates both tangible and intangible factors into its assessment of intrinsic worth, reflecting the modern economy's transition towards information-based industries. The Sub-Adviser emphasizes four key pillars of intangible value: human capital, brand equity, intellectual property, and network effects. By employing a unique quantitative methodology, which includes natural language processing (NLP) to analyze alternative data sources, the Sub-Adviser evaluates companies within a starting universe of the largest U.S. publicly listed securities. This process involves considering multiple metrics for each of the five pillars and creating composite scores to identify companies with the highest total scores. While not limited by portfolio holdings, the Fund generally maintains at least 50 securities, with a focus on sectors such as technology, communications, healthcare, and consumer discretionary. Continual refinement of valuation models and active risk management ensure adaptability to dynamic market conditions, allowing for strategic adjustments to individual positions as warranted.

ITAN DIVIDEND

The ITAN dividend policy is aligned with Sparkline Capital's investment strategy, reflecting the fund's commitment to delivering returns to investors. As an actively-managed ETF, ITAN focuses on investing in U.S.-listed equity securities with strong intangible-augmented intrinsic value, utilizing a comprehensive assessment that incorporates both tangible and intangible factors. While the fund's primary objective is capital appreciation, it may also generate income through dividends from its holdings. Dividend distributions are influenced by the performance of the underlying securities, with the Sub-Adviser seeking to optimize returns while managing risk. Investors in ITAN can expect dividends to be reflective of the fund's overall investment approach, providing potential income alongside capital growth opportunities.

ITAN TRACKING

Managed by Sparkline Capital, involves monitoring its performance relative to its benchmark index and its stated investment objectives. As an actively-managed fund, ITAN aims to outperform traditional passive ETFs by selecting U.S.-listed equity securities based on its proprietary measure of intangible-augmented intrinsic value. The fund's tracking process encompasses regular assessment of the companies held within its portfolio, ensuring alignment with its investment thesis and risk management strategies. While ITAN's performance may deviate from its benchmark due to active management decisions, the Sub-Adviser employs various techniques to minimize tracking error and enhance investor returns. Continuous evaluation of the fund's holdings, coupled with active risk management, contributes to maintaining tracking efficiency and achieving long-term investment goals for ITAN shareholders.

ITAN CORRELATION

Managed by Sparkline Capital, pertains to its relationship with various market indices and asset classes. As an actively-managed fund, ITAN's correlation is influenced by its investment strategy, which emphasizes U.S.-listed equity securities selected based on a proprietary measure of intangible-augmented intrinsic value. The fund's correlation with traditional market indices may fluctuate as it seeks to outperform passive strategies by actively selecting securities. Additionally, ITAN's correlation with different asset classes may vary depending on prevailing market conditions and the composition of its portfolio. While the fund aims to manage correlation risks through diversification and active risk management techniques, investors should consider their overall portfolio objectives and risk tolerance when evaluating ITAN's correlation characteristics.

ITAN SECTOR

Managed by Sparkline Capital, reflects its investment strategy focused on identifying U.S.-listed equity securities with strong intangible-augmented intrinsic value. While the fund's portfolio is not constrained by specific industry concentrations, the Sub-Adviser anticipates significant holdings in sectors such as technology, communications, healthcare, and consumer discretionary. These sectors are often characterized by companies with substantial intangible assets, including human capital, brand equity, intellectual property, and network effects, aligning with ITAN's investment thesis. By strategically allocating across sectors with high potential for intangible value creation, ITAN aims to capitalize on opportunities for long-term capital appreciation while mitigating risks associated with sector-specific volatility. Investors in ITAN can benefit from exposure to sectors driving innovation and growth in the modern economy, enhancing portfolio diversification and potential returns over time.

ITAN EXPOSURE

Managed by Sparkline Capital, encapsulates its investment focus on U.S.-listed equity securities deemed attractive based on a proprietary measure of intangible-augmented intrinsic value. As an actively-managed fund, ITAN provides investors with exposure to companies across various market sectors, including technology, communications, healthcare, and consumer discretionary, which are poised to benefit from intangible assets such as human capital, brand equity, intellectual property, and network effects. By employing a quantitative methodology that integrates traditional quantitative techniques with natural language processing (NLP) to analyze alternative data sources, ITAN seeks to identify companies with strong intangible value propositions. This exposure enables investors to potentially capitalize on the growth potential of companies positioned to thrive in the evolving landscape of the information-based economy, enhancing portfolio diversification and long-term returns.