Alpha Architect Value Momentum Trend ETF - USD Stock

The Fund is actively managed by Empowered Funds, LLC, the Funds investment adviser (the Adviser). The Adviser manages the Fund using proprietary methodology developed by Empirical Finance, LLC, d/b/a Alpha Architect (the Advisers parent) and licensed to the Adviser. The Fund is a fund of funds, meaning that it primarily invests its assets in the shares of other exchange-traded funds (ETFs), rather than in securities of individual companies. The Funds portfolio will be composed primarily of the other ETFs advised by the Adviser (the Alpha Architect ETFs). Currently, there are four Alpha Architect ETFs, which invest in either domestic or international equity securities, and employ either a momentum or a value investment strategy. In addition, the Fund may, from time to time, use hedging strategies (as described more below).