The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective by generally investing in equity securities of 400-600 mid- to large-capitalization companies chosen from a universe of the largest 1,400 companies listed on U.S. stock exchanges measured by market capitalization. The Fund utilizes a strategy implemented by Gotham Asset Management, LLC, the Funds investment sub-adviser (Gotham or the Sub-Adviser), where the portfolio is weighted towards those companies priced at the largest discount to the Sub-Advisers assessment of value, subject to pre-specified risk and diversification constraint