The AXS Knowledge Leaders ETF (KNO) is an actively managed fund designed to invest in large and mid-capitalization companies deemed innovative, with the goal of generating superior returns through a "knowledge effect." The fund focuses its investments on developed market countries, with the exception of Hong Kong, ensuring at least 40% of its equity exposure is to non-U.S. markets within these regions. KNO utilizes a proprietary model that modifies companies' historical financial statements to account for intangible assets, subsequently evaluating their financial robustness, profitability, and dedication to innovation. Following these analytical adjustments, the fund's advisor selects the most liquid companies for its portfolio.