Fund Description: Aberdeen Standard Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF, formerly ETFS Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF is an actively managed exchange-traded fund or Actively Managed ETF which is a separate investment portfolio of the abrdn ETFs formerly Aberdeen Standard Investments ETFs, formerly, ETFS Trust, an open-end investment management company. <p> INVESTMENT OBJECTIVE: The Aberdeen Standard Bloomberg All Commodity Longer Dated Strategy K-1 Free ETF seeks to provide a total return. he Fund is an actively managed ETF and thus, does not seek to replicate the performance of a specific index, but rather uses an active investment strategy to meet its investment objective, however, an actively managed ETF may have an index-based benchmark. The benchmark used by this ETF is the Bloomberg Commodity Index 3 Month Forward Total Return, formerly Bloomberg Energy Index 3 Month Forward. <p> INDEX DESCRIPTION: The Bloomberg Commodity Index 3 Month Forward Total Return tracks movements in the price of a rolling position in a basket of commodity futures with a maturity between 4 and 6 months. The Index uses a consistent, systematic process to represent the commodity markets using both liquidity data and U.S. dollar-weighted production data in determining the weightings of included commodities. The Index is rebalanced annually. The value of the Index is computed on the basis of hypothetical investments in the bas Under normal circumstances, the Fund will invest at least 75% of its net assets, plus the amount of any borrowings for investment purposes, in futures contracts and other securities in an amount that provides investment exposure to commodities. Under normal market conditions, the Fund intends to invest in exchange-traded futures contracts through a wholly-owned subsidiary of the Fund organized under the laws of the Cayman Islands (the Subsidiary). As a means to provide investment returns that are highly correlated to those of the Index, the Subsidiary may also invest directly in commodity-linked instruments, including pooled investment vehicles (such as etfs and other investment companies), swaps and exchange-traded options on futures contracts. (collectively, commodities-related assets and, together with exchange-traded commodities futures contracts, commodities instruments). The Fund may invest up to 25% of its total assets in the Subsidiary. The remainder of the Fund’s assets will principally be invested in: (1) short-term investment grade fixed-income securities that include U.S. government securities and money market instruments; and (2) cash and other cash equivalents. The Fund will exercise its discretion to use such instruments to most efficiently utilize the cash balances arising from the use of futures contracts and generate a total return for investors. The Subsidiary and the Fund have the same investment objective. However, the Subsidiary may invest without limitation in the Commodities Instruments. The Advisor and Sub-Advisor will use their discretion to determine the percentage of the Fund’s assets allocated to the Commodities Instruments held by the Subsidiary that will be invested in exchange-traded commodities futures contracts or commodities-related assets. In this regard, under normal market conditions, the Subsidiary is expected to invest in futures contracts in proportional weights and allocations that are similar to the Index. The Fund does not seek leveraged returns. However, the Fund’s use of instruments to collateralize the Subsidiary’s investments in Commodities Instruments has a leveraging effect and is designed to provide a total return, outperforming the investment performance of the Index. The Fund is classified as non-diversified. <p> FUND MANAGEMENT: Aberdeen Standard Investments ETFs Advisors LLC serves as the investment advisor to the Fund. Vident Investment Advisory, LLC serves as the sub-advisor to the Fund and the Subsidiary.