Legg Mason Small-Cap Quality Value ETF

The fund seeks to track the investment results of the Royce Small-Cap Quality Value Index (the "underlying index"). The underlying index utilizes a proprietary methodology created and sponsored by the fund's sub-adviser. The sub-adviser is affiliated with both LMPFA and the fund. The fund will invest at least 80% of its net assets, plus borrowings for investment purposes, if any, in securities that compose its underlying index.