Sector Risk Member Sector Risk Member Equity Investing Risk Member Equity Investing Risk Member MSCI ACWI All Cap Index Net (reflects no deduction for fees, expenses or taxes) MSCI ACWI All Cap Index Net (reflects no deduction for fees, expenses or taxes) Value Investing Risk Member Value Investing Risk Member Momentum Style Risk Member Momentum Style Risk Member Emerging Markets Risk Member Emerging Markets Risk Member Depositary Receipts Member Depositary Receipts Member Large-Capitalization Companies Risk Member Large-Capitalization Companies Risk Member SEQUOIA GLOBAL VALUE ETF Class SEQUOIA GLOBAL VALUE ETF Class Currency Risk Member Currency Risk Member Risk Of Investing In Other ETFs Member Risk Of Investing In Other ETFs Member ETF Risks Member ETF Risks Member Developed Markets Risk Member Developed Markets Risk Member Investment Risk Member Investment Risk Member ETF Risks, Premium-Discount Risk Member ETF Risks, Premium-Discount Risk Member SEQUOIA GLOBAL VALUE ETF SEQUOIA GLOBAL VALUE ETF Small-And Mid-Capitalization Companies Risk Member Small-And Mid-Capitalization Companies Risk Member ETF Risks, Authorized Participants, Market Makers And Liquidity Providers Concentration Risk Member ETF Risks, Authorized Participants, Market Makers And Liquidity Providers Concentration Risk Member REIT Investment Risk Member REIT Investment Risk Member Periodic Reallocation Risk Member Periodic Reallocation Risk Member Allocation Risk Member Allocation Risk Member Foreign Securities Risk Member Foreign Securities Risk Member ETF Risks, Cost Of Trading Risk Member ETF Risks, Cost Of Trading Risk Member Management Risk Member Management Risk Member ETF Risks, Trading Risk Member ETF Risks, Trading Risk Member