THRO

THRO seeks to provide multiple US thematic exposures through a systematic framework that focuses on three processes: theme identification, theme evaluation, and portfolio construction. The fund adviser uses statistical techniques, data sets, and models to identify relevant themes, which are then evaluated through proprietary alpha signals. This produces forecasts for each theme's attributes such as flow activity and investor sentiment. The fund's diversified portfolio consists of securities that have relevant theme involvement and above-average earnings growth potential. Investors should note that the fund adviser does not specify which particular theme/s it focuses on, and the fund's active mandate allows it to dynamically rotate in and out of themes and securities over time. During temporary defensive periods, the fund may invest in liquid, short-term investments. In addition, strategic transactions such as derivatives may be used for hedging and other risk management purposes.