The International Drawdown Managed Equity ETF (IDME) is a dynamically managed fund that primarily seeks to achieve its objectives by investing in a curated selection of other exchange-traded funds. These underlying ETFs provide exposure to international equity securities, specifically companies located outside the United States, across both developed and emerging global markets. In addition to its core ETF investments, the fund strategically employs exchange-listed call and put options. These options, written or purchased on broad international equity indexes or ETFs, serve multiple objectives: they aim to mitigate potential downside risk, create supplementary equity exposure, or generate income through option premiums. Notably, this fund operates as a non-diversified portfolio.