Pictet AI Enhanced International Equity ETF (PQNT) is an actively managed exchange-traded fund that seeks long-term capital appreciation through an enhanced index strategy investing in international equities from developed markets excluding North America, primarily tracking components of the MSCI EAFE Index; it employs a proprietary, transparent, factor-neutral artificial intelligence model utilizing over 250 features from fundamentals, analyst sentiment, prices, market activity, short interest, and calendar effects to generate stock-specific alpha forecasts, which feed into an optimizer for buy/sell recommendations reviewed by portfolio managers; the fund incorporates ESG considerations in security selection, may invest across market capitalizations from the reference index, and holds the potential to use derivatives. PQNT offers low-cost core exposure to large- and mid-cap international equities with steadily compounding active returns driven by AI-driven stock selection, delivered by Pictet Asset Management's quantitative investment team with 25 years of experience in quant investing and leadership in AI/ML techniques. The ETF distributes dividends, is structured as an open-ended fund with ISIN US9009348866, and is distributed by Foreside Fund Services LLC. Launched on October 16, 2025, PQNT marks Pictet Asset Management's entry into the U.S. ETF market as the first of three actively managed funds debuted alongside Pictet Cleaner Planet ETF (PCLN) and Pictet AI & Automation ETF (PBOT), extending the firm's AI-driven quantitative and thematic strategies—previously available only to institutional clients—to U.S. financial advisors and investors; this launch aligns with Pictet Group's expansion under the leadership of Elizabeth Dillon, CEO of Pictet Asset Management (U.S.), and includes the appointment of Benjamin Becker as Head of U.S. ETF Distribution in New York to bolster distribution efforts. Pictet Asset Management, the issuer and primary advisor, operates as part of the independent Geneva-based Pictet Group, founded in 1805 and headquartered in Geneva, Switzerland, with over $800 billion in assets under management across global asset management, thematics, emerging markets, and quantitative strategies targeting institutional and wealth investors worldwide.