NDOW is an actively managed ETF that takes advantage of an Endowment Model aligned with how some large institutions manage money. The fund aims for total return by investing in a broad range of asset classes from around the world, which includes equities, fixed income, physical commodities, and other ETFs. The portfolio is expected to tilt toward lower-risk investments, with more aggressive shifts during favorable market conditions. The fund selects assets by utilizing rules-based, quantitative systems and discretionary analysis. The portfolio is managed by analyzing an assets fundamental, market-related, technical, and statistical characteristics. With the flexibility to invest regardless of market capitalization, maturity, or credit quality, the fund targets for exposure of 30-70% in equities and/or fixed income, 0-30% alternative assets, and 0-70% in cash or money market funds. The fund may hedge up to 10% of the portfolio through futures contracts.