TSSD

This passively managed Exchange Traded Fund (ETF) aims to precisely replicate the returns of a specific benchmark index, before accounting for its operational costs and charges. This index comprises U.S.-listed companies with significant operations within the national defense and security industries. These sectors encompass fields like aerospace and military technology, cybersecurity solutions, advanced communication systems, unmanned autonomous vehicles, security intelligence software, and other related technological innovations. The index utilizes a modified free-float adjusted market capitalization approach for weighting, incorporating specific limits on individual company holdings to promote diversification. A notable characteristic of this index is its screening process, which excludes certain business types, including those that implement Diversity, Equity, and Inclusion (DEI) policies. The index undergoes rebalancing and component updates twice annually, occurring in June and December. For managing its liquidity needs, the fund may maintain positions in cash or short-term financial instruments, and it reserves the option to employ derivatives in its portfolio management strategies. The ETF is structured to make profit distributions to its investors on an annual basis.