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The Fund is an actively-managed exchange-traded fund (ETF) that seeks to achieve its objective by investing principally in the common stocks of U.S. and non-U.S. companies interested in influencing public policy through their lobbying activity in Washington D.C. Strategas Asset Management, LLC (the Adviser) considers lobbying a nontraditional and largely unrecognized factor in company analysis. By utilizing publicly available lobbying data in its portfolio selection methodology, the Adviser seeks to capitalize on what the Adviser perceives as a lack of consideration given to lobbying in traditional financial analysis and lobbyings potential to sway policy outcomes in companies favor. The Adviser believes that successful lobbying activity can reduce costly regulatory and legislative harm to a company, impose such harm onto competitors, and/ or result in beneficial legislative and regulatory decisions, and that each of these outcomes can have a positive impact on a companys financial performance and contribute to the long-term appreciation of a companys stock price.

Fair Isaac Corp

Gilead Sciences Inc

Axon Inc

Illumina, Inc.

Labcorp Holdings Inc

Covestro Ag

Leidos Holdings, Inc.

Chipotle Mexican Grill Inc. Class A

Ao Smith Corp.

Vertex Pharmaceuticals Inc - Common

Palantir Technologies Inc.

Verisign

Fox Corp. Class A

Logitech Inter-r

Universal Music Group NV

Yum! Brands, Inc.

Match Group Inc.

Domino's Pizza Inc

Axon Enterprise Inc

Brown-forman Corp. Class B (non-vtg.)

Huntington Ingalls Industries Inc.

General Dynamics Corp.

Textron Inc.

Northrop Grumman Corp.

Lockheed Martin Corp

Davita Inc.

Biogen Inc

International Paper Co.

Altria Group Inc

Motorola Solutions Inc.

Saab Ab B

Kongsberg Gruppen Asa

Coinbase Global Inc Cl A

Stanley Black Decker Inc.

First Solar, Inc

Incyte Corp.

Humana Incorporated

Strategas Global Policy Opportunities ETF

The Advisors' Inner Circle Fund III Strategas Global Policy Opportunities ETF

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