BKIV invests in US stocks from across various sectors that are identified as leading-edge companies, providing innovative products or services. Companies should have new or significantly improved products or services that involve the application of technical and complex new technologies, materials, processes, or approaches that are transformative or disruptive to their industry. The adviser assesses numerous factors, which may include a companys R&D investments, intellectual property portfolio, product or service differentiation, industry recognition, market share or growth, and organizational culture. The fund also employs a growth-oriented approach that uses thematic insights and fundamental research. Thematic insights refer to overarching and recurring themes, trends, and shifts in the advisers research and analysis of global economic information. As an actively managed ETF, the fund managers have full discretion to make investment decisions at any time.