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1To view TCV standardized performance and expenses current to the most recent month-end, visit www.towleetfs.com.
2Enterprise value-to-sales (EV/sales) is a ratio that compares the enterprise value (EV) of a company to its annual sales. Alpha refers to the measure of an investment’s performance relative to a benchmark index. It indicates the excess return generated by an investment compared to what would be expected based on its level of market risk. Duration reflects how much a bond’s value is expected to move when interest rates rise or fall.
