Affinity World Leaders Equity ETF Foundations Dynamic Value ETF(AMEX:FDVL)

FDVL seeks capital appreciation by investing in equity securities of US companies possessing value characteristics. It will obtain this exposure through passively managed and market cap-weighted ETFs that track US value equity indices. It has a bias towards large-caps but may still hold mid- and small-caps. In managing the fund, the sub-adviser utilizes a third-party proprietary market volatility measurement and forecasting model to assess daily intraday market volatility, called V-Mod. When volatility exceeds the target intraday range, the fund may reduce equity holdings and reallocate up to 100% of assets to cash alternative positions. When it falls below it, equity exposure maybe increased up to 150% through investments in S&P 500 Value Index futures. Since this is actively managed, trading size and frequency of reallocations are at the discretion of the sub-adviser. The fund will be rebalanced quarterly. FDVL launched alongside its sister fund, FDGR, which instead offers growth stocks exposure.