MNRS Statement of Additional Information

TABLE OF CONTENTS GENERAL DESCRIPTION OF THE TRUST ........................................................ ADDITIONAL INFORMATION ABOUT INVESTMENT OBJECTIVES, POLICIES, AND RELATEDRISKS................................................................................. Non-Diversification................................................................................ General Risks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Description of Permitted Investments ................................................................ TypesofEquitySecurities.......................................................................... INVESTMENT RESTRICTIONS ................................................................... EXCHANGE LISTING AND TRADING ............................................................ MANAGEMENTOFTHETRUST.................................................................. PRINCIPAL SHAREHOLDERS, CONTROL PERSONS, AND MANAGEMENT OWNERSHIP . . . . . . . . . . CODES OF ETHICS .............................................................................. PROXYVOTINGPOLICIES....................................................................... INVESTMENT ADVISER AND SUB-ADVISER..................................................... PORTFOLIO MANAGERS ........................................................................ THEDISTRIBUTOR.............................................................................. THE ADMINISTRATOR, CUSTODIAN, AND TRANSFER AGENT .................................. LEGAL COUNSEL ............................................................................... INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM ...................................... PORTFOLIO HOLDINGS DISCLOSURE POLICIES AND PROCEDURES ............................ DESCRIPTIONOFSHARES....................................................................... LIMITATION OF TRUSTEES’ LIABILITY ......................................................... BROKERAGE TRANSACTIONS .................................................................. PORTFOLIO TURNOVER RATE .................................................................. BOOK ENTRY ONLY SYSTEM ................................................................... PURCHASE AND REDEMPTION OF SHARES IN CREATION UNITS ............................... DETERMINATION OF NAV ...................................................................... DIVIDENDSANDDISTRIBUTIONS............................................................... FEDERAL INCOME TAXES ...................................................................... FINANCIALSTATEMENTS....................................................................... APPENDIX A ....................................................................................

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