null (Miller Value Partners Appreciat) ETF

The fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing in securities that Miller Value Partners, LLC (the Adviser) believes have an above-average probability of outperforming the S&P 500® Index (the S&P 500) over a multi-year time horizon. It will typically invest in a portfolio of approximately 20-40 common stocks without regard to market capitalization. The fund is non-diversified.