The KPOP and Korean Entertainment ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the KPOP Index. KPOP Index comprises of approximately 30 companies listed on the Korean exchange. The KPOP Index is rebalanced quarterly and utilizes a proprietary AI algorithm to identify companies that are a part of the K-pop ecosystem. 

OSEA invests primarily in equity securities of non U.S. companies, including those located in emerging market countries. The Fund invests principally in the common stock of companies with market capitalizations of at least $5 billion. In seeking to identify companies for the Fund’s portfolio, the Subadviser conducts qualitative assessments of companies, including, among other criteria, each company's business model, management, and financial and valuation metrics. The Subadviser seeks to identify what it believes to be high-quality companies with consistent, recurring revenues, stable free cash flows and sustainable returns on invested capital. 

AMZD seeks daily inverse investment results and is very different from most other exchange traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100 percent of the return of the common shares of Amazon.com, Inc. (NASDAQ: AMZN) (“AMZN”). This means that the return of the Fund for a period longer than a trading day will be the result of each single day’s compounded return over the period, which will very likely differ from -100 Percent of the return of AMZN for that period.

AMZU seeks 150% daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund’s objective is to magnify the daily performance of the common shares of Amazon.com, Inc. (NASDAQ: AMZN) (“AMZN”). The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 150% of the performance of AMZN for the period.

BLLD is designed to provide long-term capital appreciation by investing in companies developing the infrastructure required to facilitate a sustainable and inclusive economy. Invests primarily in common stocks and depositary receipts that are facilitating access to essential goods and services, improved connectivity, social infrastructure, and environmental resilience. Uses a “thematic” investment approach that seeks to identify and invest in companies that are relevant to sustainable infrastructure. Selects companies within key sub-themes, such as electricity infrastructure, renewables infrastructure, transport infrastructure, water infrastructure, digital infrastructure, sustainable logistics, medical infrastructure, social housing, and education infrastructure.

CIRC is an active fund. The fund invests primarily in common stocks and depositary receipts that provide solutions that reduce human impact on natural resources in specific communities, regions, or around the globe. Uses a “thematic” investment approach that seeks to identify and invest in companies that are relevant to sustainable consumption. Selects companies within key sub-themes, such as sustainable water systems, sustainable agriculture and food, and sustainable production technologies, sustainable materials and design, recycling, and re-use.

GGLL seeks 150% daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund’s objective is to magnify the daily performance of the common shares of Alphabet Inc. Class A (NASDAQ: GOOGL) (“GOOGL”). The Fund seeks daily investment results, before fees and expenses, of 150% of the daily performance of GOOGL.

GGLS seeks daily inverse investment results and is very different from most other exchange-traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100% of the return of the common shares of Alphabet Inc. Class A (NASDAQ: GOOGL) (“GOOGL”). The Fund seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of GOOGL.

IBIT is an actively managed ETF that tracks the Solactive AG Short Digital Assets Industry Index which aims to track the inverse performance of the Amplify Transformational Data ETF (BBG: BLOK UP Equity; RIC: BLOK.P), calculated as Gross Total Return. The Fund seeks investment results that correspond to the inverse (-100%) of the performance of the Amplify ETF, before fees and expenses.

MSFD seeks daily investment results, before fees and expenses, of 100% of the inverse (or opposite) of the daily performance of MSFT. The Direxion Daily MSFT Bear 1X Shares (“Fund”) seeks daily inverse investment results and is very different from most other exchange-traded funds. The pursuit of daily inverse investment goals means that the return of the Fund for a period longer than a full trading day may have no resemblance to -100% of the return of the common shares of Microsoft Corporation (NASDAQ: MSFT) (“MSFT”).

MSFU seeks daily investment results, before fees and expenses, of 150% of the daily performance of MSFT. The Direxion Daily MSFT Bull 1.5X Shares (the “Fund”) seeks 150% daily leveraged investment results and is very different from most other exchange-traded funds. As a result, the Fund may be riskier than alternatives that do not use leverage because the Fund's objective is to magnify the daily performance of the common shares of Microsoft Corporation (NASDAQ: MSFT) (“MSFT”).

UPWD is designed to provide long-term capital appreciation by investing in companies facilitating social and economic advancement. Invests primarily in common stocks and depositary receipts that are facilitating the social and economic empowerment of people and communities through access to goods and services that allow them to survive and thrive. Uses a “thematic” investment approach that seeks to identify and invest in companies that are relevant to social advancements. Selects companies within key sub-themes, such as essential amenities, affordable housing and infrastructure, healthcare and wellbeing, education and training talent, attainable financing, and accessing the digital ecosystem.

BSCW is based on the Nasdaq BulletShares USD Corporate Bond 2032 Index. The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar denominated, investment grade corporate bonds with effective maturities in 2032.

BSJU is based on the Nasdaq BulletShares USD High Yield Corporate Bond 2030 Index (Index). The Fund will invest at least 80% of its total assets in corporate bonds that comprise the index. The Index seeks to measure the performance of a portfolio of US dollar-denominated, high yield corporate bonds with effective maturities in 2030. The Fund does not purchase all of the securities in the Index; instead, the Fund utilizes a “sampling” methodology to seek to achieve its investment objective. The Fund and the Index are rebalanced monthly. The Fund has a designated year of maturity of 2030 and will terminate on or about Dec. 15, 2030.

EMCS seeks to achieve a long term total return and current income by investing primarily, under normal circumstances, in equity securities of U.S. large capitalization issuers that meet the Emerge ETFs Sustainability investment criteria.

EMCH seeks to achieve long-term growth of capital by investing primarily, under normal circumstances, in equity securities of issuers in emerging market countries that meet the Emerge ETFs Sustainability investment criteria.

The investment objective of EMCG is to seek long-term growth of capital. We seek to achieve the objective by investing primarily in equity securities of U.S. Mid-capitalization issuers that meet the Emerge ETF Sustainability investment criteria.  Grace Capital’s strategy primarily focuses on identifying issuers that it believes have histories of steady revenue growth, consistent cash flow profitability, and earnings quality. Grace Capital identifies securities to be sold for several reasons, including when it believes the security is overvalued.

The investment objective of EMPW (the Fund) is to seek long-term growth of capital. The Fund multi-manager structure combines a select set of Emerge EMPWR equity investment managers to produce a portfolio consisting of the securities of the following individual strategies employed by each sub-advisor.

EMZA seeks to achieve long-term growth of capital by investing primarily, under normal circumstances, in equity securities of issuers anywhere in the world that meet the Emerge ETFs Sustainability investment criteria.

IDVO is an ETF of high quality international large and mid-cap companies through American Depositary Receipts (ADRs) with a history of dividend and earnings growth, along with a tactical covered call strategy on individual securities. The fund identifies ADRs of high-quality large-cap companies from the MSCI ACWI ex USA Index that we believe will, over time, sustain their earnings and cash flow growth, and increase their annual dividends consistently. 

SDGS is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing primarily in the equity securities of “Sustainable Development Companies,” which are defined as companies that adhere to one or more of the seventeen United Nations Sustainable Development Goals (each, a “Sustainable Development Goal,” and collectively, the “Sustainable Development Goals”) 

THLV seeks to provide investment results that generally correspond, before fees and expenses, to the performance of the THOR U.S. Sector Low Volatility Index (the “Index”). The Fund seeks to achieve its investment objective by investing at least 80% of its total assets in securities included in the Index. The rules-based index is comprised of U.S. equity exchange-traded funds (“ETFs”). The primary goal of the Index is to gain exposure to U.S. large-cap equities while attempting to lower volatility by avoiding sectors that are currently in a down-trending cycle.

KARB is an actively managed exchange-traded fund that uses as a reference index, the Carbon Streaming BITA Compliance Index, which is a rules-based index that tracks the performance of the compliance carbon markets through an allocation into a series of carbon allowance futures. The Fund invests in Carbon Futures from the United States and Europe.

XFIV seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 5 years.

XHLF seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 6 months.

XONE seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 1 year.

The XSVN seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 7 years.

The XTENseeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 10 years.

The XTRE seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 3 years.

The XTWO seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 2 years.

The XTWY seeks to track the investment results of an index which contains U.S. Treasury securities that have an average duration of approximately 20 years.

TAFI is an actively-managed exchange-traded fund (“ETF”). The Fund pursues its objective by investing principally in a national portfolio of both municipal and taxable fixed-income securities. The Fund invests, under normal circumstances, at least 80% of its total assets in municipal securities that pay interest that is exempt from federal income tax. These securities may pay interest that is subject to the federal alternative minimum tax for certain taxpayers. The income earned and distributed to shareholders on non-municipal securities would not be exempt from federal income tax. 

YEAR's investment objective is to provide current income, consistent with preservation of capital. An actively managed ultra short duration ETF that looks to deliver higher levels of yield relative to cash or cash like investments, while aiming for capital preservation and liquidity in all market cycles.

DEFI provides access to bitcoin through a cost effective and regulated exchange traded fund. Bitcoin allows users to send and receive payments across the world, without needing a centralized authority to guarantee the transactions. Its unique combination of immutability, security, and scarcity is revolutionizing modern day finance and access to financial services. The Fund does not invest directly in bitcoin, but provides price exposure to the crypto asset through bitcoin futures contracts. This gives investors the opportunity to capitalize on the cryptocurrency growth potential, its store of value characteristics, and the prospect of a decentralized future, without the complexities of self custody.

KDIV gives investors access to the S&P Dividend Aristocrats methodology applied to the Pan Asia region, one of the fastest-growing areas in the world. The S&P Pan Asia Dividend Aristocrats Index includes companies from China, Japan, Australia, and other Asian countries, that have paid and increased their dividends over a sustained period of time. Over the long term, companies with a strong track record of paying and growing dividends may outperform the broad market on a risk-adjusted basis.

OAEM takes an innovative approach to equity investing. The strategy combines the OneAscent Elevate Screening Process along with the investment team's Life Cycle Investment approach. The team conducts extensive fundamental analysis to arrive at a concentrated portfolio of companies in emerging economies it believes are more likely to outperform.

OAIM takes an innovative approach to international investing. The strategy combines the OneAscent Elevate Screening Process along with the investment team Life Cycle Investment approach. The team conducts extensive fundamental analysis to arrive at a concentrated portfolio of companies it believes could be more likely to outperform.

STRV is a passively managed Exchange Traded Fund (ETF) that seeks broad market exposure to 500 of the largest US publicly traded stocks. The Solactive GBS United States 500 Index intends to track the performance of the largest 500 companies from the US stock market and is based on the Solactive Global Benchmark Series. Constituents are selected based on company market capitalization and weighted by free float market capitalization. The index is calculated as a price return index in USD and is reconstituted quarterly.

IWTR seeks to track the investment results of an index composed of U.S. and non-U.S. companies that either 1) derive a proportion of their revenues from sustainable water products or services or 2) demonstrate relative efficiency in their water management.

The investment objective of XSEP is to seek to provide investors with returns of approximately twice any positive price return of the SPDR S&P 500 ETF Trust (the “Underlying ETF”), up to a predetermined upside cap of 14.90% (before fees and expenses), while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from September 22, 2022 to September 15, 2023. Under normal market conditions, the Fund will invest substantially all of its assets in FLexible EXchange Options (“FLEX Options”) that reference the price performance of the “Underlying ETF”.

XC seeks to track the price and yield performance, before fees and expenses, of the WisdomTree Emerging Markets ex-China Index. It potentially avoids the challenges of investing in companies with significant government ownership.

AVGE's strategy is designed to provide exposure to a broadly diversified set of companies, sectors and countries while emphasizing securities with higher expected returns. The strategy pursues its objective through investing in a series of other Avantis exchange-traded funds (ETFs).

AVIE's strategy invests primarily in a diverse group of U.S. companies in market sectors and industry groups that historically have had or that portfolio managers expect to have long-term correlation with inflation. Within the eligible universe of securities, the fund seeks to increase expected returns by emphasizing companies trading at attractive price multiples with stronger profitability characteristics.

The investment objective of JHDV, which trades on the NYSE Arca, is to seek a high level of current income with long-term growth of capital as a secondary objective. Seeks to create a portfolio of consistent and sustainable high dividend paying large-cap and mid-cap equities.

NOPE is an actively-managed exchange-traded fund (“ETF”) that seeks to achieve its investment objective by purchasing long positions in securities expected to increase in price and/or taking short positions in securities expected to decline in price. The Fund will generally have net exposure ranging from 100% short to 150% long. When the value of the Fund’s outstanding short positions is equal to the Fund’s net assets, the Fund is 100% short. The Fund’s net exposure at any time is the total of the Fund’s percentage long holdings (including leverage) less the Percentage of its short holdings.

NXTE is an actively managed portfolio seeking long-term capital appreciation. It’s for the discerning, socially responsible investor looking for sustainability and the potential for above-average alpha. The ETF invests in equities of Next Economy companies that meet sustainability criteria for advancing economic productivity gains, renewable energies, waste-to-value supply chains and equitable distribution of wealth.

DIVD is an actively managed exchange traded fund that is designed to provide capital appreciation and income by identifying dividend paying companies with attractive valuations and other financial characteristics. To pursue its objective, the Fund will invest at least 90% of its net assets, plus the amount of any borrowings for investment purposes, in dividend paying equity securities. The principal type of equity security in which the Fund will invest is common stock.

MAXI seeks capital gains and income by providing investors with exposure to bitcoin while simultaneously generating income by selling short-dated put or call spreads on the most liquid global equity indices. The fund is designed to be a capital efficient way to simultaneously invest in bitcoin and potentially generate significant income. The fund can also be viewed as bitcoin exposure with a downside buffer, by virtue of the padding the income may create to any bitcoin drawdowns.

PBDC invests in business development companies (BDCs), which historically have generated an attractive level of income. Most BDCs hold a portfolio of loans to small and midsize companies and distribute most of the income they earn to investors.

SYNB invests mainly in common stocks (growth or value stocks or both) of companies worldwide of any size with a focus on “biology revolution” companies. Biology revolution companies are companies that the fund's investment manager, Putnam Investment Management, LLC (“Putnam Management”) believes offer the opportunity to capitalize on a convergence of technological developments in the life sciences sector that change the ability to understand and design biology to scale and include technology-enabling companies, biotechnology or “synthetic biology companies”, and existing companies that may benefit from the biology revolution in certain cases by reducing operational risks (i.e., providing supply chain redundancy or sourcing of new or rare materials), mitigating environmental risks (i.e., reducing greenhouse gas emissions), and/or fostering consumer demand for the company’s products.