Partnerships
Equity ETFs
| ETF | Strategy | Managers | Symbol |
| Grail American Beacon Large Cap Value ETF | US Large Cap Value | Brandywine Global Investment Management, Hotchkis & Wiley Capital Management, Metropolitan West Capital Management | GVT |
| RP Growth ETF | US All Cap Growth | RiverPark Capital | RPX |
| RP Focused Large Cap Growth ETF | US Large Cap Focused Growth | Wedgewood Partners | RWG |
Fixed-Income ETFs
| ETF | Strategy | Managers | Symbol |
| Grail McDonnell Intermediate Municipal Bond ETF | National municiapl benchmark to 3-15 Municipal Bond Index | McDonnel Investment Management | GMMB |
| Grail McDonnell Core Taxable Bond ETF | US taxable investment grade benchmark to Barclays Capital Aggregate Index | McDonnel Investment Management | GMTB |
About the Sub-Advisors
Brandywine Global Investment Management, LLCPhiladelphia, Pennsylvania, believes that companies with thelowest stock prices relative to current earnings, book value and cash flow provide superior returns over market cycles. They combine the success of value investing with an emphasis on buying leading companies with strong management, solid financial positions, and favorable earnings prospects. |
Metropolitan West Capital Management, LLCNewport Beach, California, identifies the stocks of high-quality,growing businesses that are selling at a discount to their “intrinsic” or true value. MetWest Capital’s investment professionals examine each company from top to bottom, as if they were buying the whole firm. They look beyond the balance sheet and income statement for hidden assets. They focus only on high-quality businesses that have financial strength, capable, proven and properly motivated managements and improving business fundamentals. |
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Hotchkis and Wiley Capital Management, LLCLos Angeles, California, believes that a value approach canprovide superior long-term performance with below-average volatility. Investor psychology can lead to irrational decisions resulting in the mispricing of stocks. Hotchkis and Wiley strives to exploit these opportunities by employing disciplined purchase and sell criteria, rigorous in-house fundamental research and a bottom-up stock selection process with emphasis on tangible valuation support. |
RiverPark Capital, LLCRiverPark Capital, LLC was founded in June, 2006 by MortySchaja (CEO) and Mitch Rubin (CIO) and is based in New York City. RiverPark is an independent SEC-registered investment adviser that is majority owned by its employees. The team is comprised of experienced industry professionals with a proven record of success in portfolio management. RiverPark seeks to create a world-class asset management organization that provides consistent, top performing strategies delivered in client friendly and cost efficient products which are easily accessible to advisers and their clients. |
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McDonnell Investment Management, LLCMcDonnell Investment Management, LLC (“McDonnell”) is an independent registered investment adviser providing customized investment management services for institutions, private clients, mutual fund companies and private investment funds. The firm specializes in fixed income investment management, offering both investment grade taxable and tax-exempt strategies and below investment grade strategies using separate accounts, tructured products and other private investment vehicles McDonnell is 100% employee owned and its interests are directly aligned with client satisfaction. The firm places strong emphasis on credit research and risk management, utilizing an integrated investment team approach and a progressive technology platform. |
Wedgewood PartnersWedgewood Partners, Inc., founded in 1988, is a SEC registeredinvestment advisor based in St. Louis, MO. The firm utilizes a Large-Cap Focused Growth investment style. Wedgewood’s underlying equity investment philosophy is predicated on a strong belief that significant long-term wealth will be created by investing as owners in companies that exhibit certain characteristics. |