The FormulaFolios Smart Growth ETF aims to achieve its investment goals by investing in a portfolio of third-party exchange-traded funds (ETFs). Its primary focus is on growth-oriented equities of companies globally, regardless of their market capitalization, and also includes U.S. government bonds or other readily available cash. The fund employs a dynamic allocation strategy: When the adviser's analytical models indicate a positive outlook for the stock market, the ETF typically commits its entire portfolio (100%) to growth equity ETFs.