The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of U.S. small cap equity securities or directly in the securities held by such ETFs (collectively, the  Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the  Overlay Strategy ).  The Overlay Strategy seeks to generate income for the Fund by utilizing a  put spread  consisting of the sale of exchange-listed short-term put options ( Short Puts ) with a notional value (strike price times the value of the shares) up to 100% of the Fund s net assets and the purchase of an identical number of short-term put options ( Long Puts ) with a lower strike price. The Fund seeks to generate income from the sale and purchase of put options with a lower strike price to hedge against a decline in the options underlying asset, the S&P 600 Index.

The Fund seeks to achieve its investment objective by investing at least 80% of its net assets, including borrowings for investment purposes but exclusive of collateral held from securities lending, in securities included in the HCM 500 Index. The HCM 500 Index seeks to outperform the S&P 500 Index using a proprietary methodology. The S&P 500 Index is comprised of common stocks issued by 500 large-capitalization companies traded on American stock exchanges. The HCM 500 Index alternates exposure between a full equity position, a 50/50 equity/1-3-month Treasury instruments (including ETFs, mutual funds or derivatives), or a full 1-3-month Treasury instruments position. The Fund may gain exposure to securities included in the HCM 500 Index indirectly through investments in derivatives and other investment companies.

The funds goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the long-term U.S. Treasury bond market. To pursue its goal, the fund generally invests in securities that are included in the Bloomberg Barclays US Long Treasury Index. The index includes all publicly issued, U.S. Treasury securities that have a remaining maturity of ten or more years, are rated investment grade, and have $300 million or more of outstanding face value. The securities in the index must be denominated in U.S. dollars and must be fixed-rate and non-convertible. The index excludes U.S. Treasury stripped securities. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.

The ETFMG Sit Ultra Short ETF ( The Fund ) is an actively managed exchange-traded fund ( ETF ) that seeks maximum current income, consistent with preservation of capital and daily liquidity. The Fund seeks to achieve its investment objective by investing in a diversified portfolio of high-quality, short-term U.S. dollar-denominated domestic and foreign debt securities and other instruments. The Fund uses the Bloomberg Barclays U.S. Treasury Bills Index: 1-3-month Index as its benchmark index. The Fund seeks to maintain an average effective duration within a range of 2 months to 1 year.

The Innovator Russell 2000 Power Buffer ETF seeks to track the price return of the Russell 2000, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

he Fund seeks to provide investment results that correspond, before fees and expenses, generally to the performance of the HCM Defender 100 Index (the  HCM 100 Index ). The HCM 100 Index seeks to outperform the Nasdaq 100 Index using a proprietary methodology. The Nasdaq 100 Index is comprised of the largest domestic and international non-financial securities listed on the Nasdaq. The HCM 100 Index alternates exposure between a full equity position of securities issued by 100 of the largest non-financial companies listed on the Nasdaq, a 50/50 equity/1-3-month Treasury instruments (including ETFs, mutual funds or derivatives) or a full 1-3-month Treasury instruments position. The Fund may gain exposure to securities included in the HCM 100 Index indirectly through investments in derivatives and other investment companies.

The GraniteShares XOUT U.S. Large Cap ETF seeks to track the performance, before fees and expenses, of the XOUT U.S. Large Cap Index. The index utilizes a proprietary, quantitative methodology developed by XOUT Capital, LLC (the  Index Provider ), designed to identify companies that have a risk of being disrupted and as a result could underperform their relevant sector. The companies identified are then excluded from the index selection.

The iPath Silver ETNs (the "ETNs") are designed to provide exposure to the Barclays Silver 3 Month Index Total Return (the "Index"). The objective of the Index is to provide exposure to a rolling position in futures contracts on silver that will become the first liquid nearby futures contracts three months in the future in accordance with a specified schedule. The futures contracts underlying the Index are currently traded on COMEX. The Index is calculated on a total return basis and is intended to reflect (1) the performance of a rolling position in such specified silver futures contracts and (2) the return that corresponds to the weekly announced interest rate for specified 3-month U.S. Treasury bills.

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade, U.S. dollar-denominated, fixed-rate taxable bonds or directly in the securities held by such ETFs (collectively, the  Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the  Overlay Strategy ).

The iPath Gold ETNs (the "ETNs") are designed to provide exposure to the Barclays Gold 3 Month Index Total Return (the "Index"). The objective of the Index is to provide exposure to a rolling position in futures contracts on gold that will become the first liquid nearby futures contracts three months in the future in accordance with a specified schedule. The Index is calculated on a total return basis and is intended to reflect (1) the performance of a rolling position in such specified gold futures contracts and (2) the return that corresponds to the weekly announced interest rate for specified 3-month U.S. Treasury bills.

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek exposure to the performance of non-U.S. equity securities (from both developed and emerging markets) or directly in the securities held by such ETFs (collectively, the  Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the  Overlay Strategy ). The Overlay Strategy seeks to generate income for the Fund by utilizing a  put spread  consisting of the sale of exchange-listed short-term put options ( Short Puts ) with a notional value (strike price times the value of the shares) up to 100% of the Fund s net assets and the purchase of an identical number of short-term put options ( Long Puts ) with a lower strike price. The Fund seeks to generate income from the sale and purchase of put options with a lower strike price to hedge against a decline in the options underlying asset, the MSCI ACWI ex US index.

The Innovator Nasdaq-100 Power Buffer ETF seeks to track the price return of the Nasdaq 100 Index, up to a predetermined cap, while buffering investors against the first 15% of losses over the outcome period. The ETF can be held indefinitely, resetting at the end of each outcome period, approximately annually.

The fund's goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the short-term U.S. corporate bond market. To pursue its goal, the fund generally invests in securities that are included in the Bloomberg Barclays US 1-5 Year Corporate Bond Index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. The securities in the index must be denominated in U.S. dollars and must be fixed-rate. The index includes securities publicly issued by U.S. and non-U.S. industrial, utility and financial issuers. The index excludes certain types of securities, including contingent capital securities, inflation-linked bonds, floating-rate issues, taxable and tax-exempt municipal securities, structured notes and pass-through certificates. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.

The fund s goal is to track as closely as possible, before fees and expenses, the total return of an index that measures the performance of the short-term U.S. corporate bond market. To pursue its goal, the fund generally invests in securities that are included in the Bloomberg Barclays US 1-5 Year Corporate Bond Index. The index measures the performance of U.S. investment grade, taxable corporate bonds with maturities greater than or equal to one year and less than five years that have $300 million or more of outstanding face value. The securities in the index must be denominated in U.S. dollars and must be fixed-rate. The index includes securities publicly issued by U.S. and non-U.S. industrial, utility and financial issuers. The index excludes certain types of securities, including contingent capital securities, inflation-linked bonds, floating-rate issues, taxable and tax-exempt municipal securities, structured notes and pass-through certificates. The index is market capitalization weighted and the securities in the index are updated on the last business day of each month.

The Merlyn.AI Bull-Rider Bear-Fighter ETF seeks to track the total return performance, before fees and expenses, of the MAI Bull-Rider Bear-Fighter Index. The Index uses a proprietary Bull/Bear market risk indicator that seeks to determine whether U.S. equity markets appear to be in an advancing market (a  Bull  indicator) or appear to have an elevated risk of market decline (a  Bear  indicator). When the Bull/Bear Indicator signals a  Bull  market, the Index identifies a portfolio of eight ETFs, one selected from each of the eight ETF categories: Sectors-1, Sectors-2, StyleMix, Factors, Global/Regions, Bonds-1 and Bonds-2. For each category, the Index identifies the ETF having the highest recent return performance relative to other ETFs in the category (the  Momentum Leader ). The Index s Bull portfolio will generally reflect a classic growth portfolio having approximately 80/20 stocks/bonds allocation weights. In contrast, when the Bull/Bear Indicator signals a  Bear  market, the Index identifies a portfolio of four or more ETFs, each a Momentum Leader, selected from a generally more conservative Bear Universe of ETFs.

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of U.S. large cap equity securities or directly in the securities held by such ETFs (collectively, the  Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the  Overlay Strategy ). The Fund s Overlay Strategy seeks to generate income for the Fund by utilizing a  put spread  consisting of the sale of exchange-listed short-term put options ( Short Puts ) with a notional value (strike price times the value of the shares) up to 100% of the Fund s net assets and the purchase of an identical number of short-term put options ( Long Puts ) with a lower strike price. The Fund seeks to generate income from the sale and purchase of put options with a lower strike price to hedge against a decline in the options underlying asset, the S&P500 Index, which consists of approximately 500 leading U.S.-listed companies representing approximately 80% of the U.S. equity market capitalization.

The Fund is an actively-managed exchange-traded fund ( ETF ) that seeks to achieve its objective by (i) investing in one or more other ETFs that seek to obtain exposure to the performance of investment grade municipal bonds and below investment grade municipal bonds or directly in the securities held by such ETFs (collectively, the  Underlying Investments ) and (ii) selling and purchasing listed short-term put options to generate income to the Fund (the  Overlay Strategy).