Forum ETF Trust is a series trust designed for independent investment advisers to launch and operate adviser-branded actively managed ETFs. Forum ETF Trust offers all the benefits of a traditional shared trust, with an important innovation. The Trust uses an investment manager–investment adviser structure rather than the typical adviser–sub adviser structure. The distinction is important because, while the investment manager to the Trust has responsibility for certain compliance and oversight functions, the Trust’s advisers have sole responsibility for investment decisions.