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RACWI US ETF

Fund Overview

The RACWI US ETF seeks to reimagine cap-weighted indexing.
 
The RACWI US ETF preserves the familiar structure of cap-weighting—simple, scalable, and low-turnover—while changing the way constituents are selected. Instead of letting price momentum dictate index membership, it selects companies based on their economic footprint (fundamental measures of company size) before applying cap-weighting. It seeks to deliver higher returns, lower hidden costs, and better stability, all while looking and behaving almost identically to mainstream indexes.




Methodology

Thoughtfully designed to deliver for investors.

  • Selects stocks by fundamental size measures.
    The ETF anchors the selection of companies to fundamental measures of firm size, namely, adjusted sales, adjusted cash flow2, dividends plus buybacks, and book value plus intangibles.
  • Displays minimal tracking error.
    The ETF seeks to deliver consistent outperformance in a way that results in minimal tracking-error levels.
  • Includes thoughtful design and implementation.
    The ETF is transparent, low-cost, and offers a slight reduction in turnover compared to a cap-weighted index. Each of these characteristics is designed to benefit investors.




Fund Objective

* Effective September 30, 2026, the Fund’s sub-adviser has changed its name from Research Affiliates, LLC to Syzygy Asset Management, LLC. Accordingly, all references to “Research Affiliates, LLC” in the Fund’s Summary Prospectus, Prospectus, and SAI are replaced with “Syzygy Asset Management, LLC.” Additionally, the Fund’s sub-adviser is no longer affiliated with RAFI Indices, LLC, which continues to serve as the Fund’s index provider.

The RACWI US ETF (the “Fund”) seeks to track the total return performance, before fees and expenses, of the RACWI US Index3 (the “Index”).

Fund Details

* The Fund’s investment adviser has, pursuant to a Fee Waiver Agreement, contractually agreed to reduce its management fee from 0.15% to 0.00% of the Fund’s average daily net assets. The Fee Waiver Agreement does not provide for recoupment of waived management fees and it will remain in place until October 31, 2026 unless terminated sooner by the Fund’s Board of Trustees.

Fund Documents

NAV and Market Price

NAV is the sum of all assets less any liabilities, divided by the number of shares outstanding.

Historical Performance

Month-End Performance

Quarter-End Performance

The performance data quoted represents past performance and there is no guarantee of future results. Investment returns and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. The Fund is new and therefore does not have a performance history for a full calendar year as most recent quarter end.

Market Price Return is calculated using the price at which investors buy and sell ETF shares in the market. The market returns in the table are based on the midpoint of the bid/ask spread at 4 p.m. EST and do not represent the returns you would have received if you traded shares at other times.

NAV is the sum of all assets less any liabilities, divided by the number of shares outstanding

Historical Premium / Discount

The Premium/Discount shows the difference between the daily market price of the Fund ‘s shares and the Fund’s net asset value (“NAV”). The table shows the premium or discount of the mid-point price as a percentage of the NAV as well as the number of trading days the Fund traded within the given premium/discount range. The amount that the fund’s Market Price is above the reported NAV is called the premium. The amount that the fund’s Market Price is below the reported NAV is called the discount.

Fund Distributions

Fund Holdings

Fund holdings and allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.