EHLS seeks long-term capital appreciation. The Fund, an actively-managed exchange-traded fund (“ETF”), seeks to achieve its investment objective by taking both long and short positions in equity securities. Even Herd, LLC, the Fund’s sub-adviser (the “Sub-Adviser”), employs its proprietary algorithm to manage the Fund’s portfolio, seeking to maintain a consistent 100% long exposure to equity securities. In addition, the Fund’s short exposure will vary between 10% to 60%. Consequently, the Fund’s net equity exposure defined as the value of the Fund’s long positions minus its short positions will generally range from 40% to 90% net long.

BITU seeks daily investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the Bloomberg Bitcoin Index. The Bloomberg Bitcoin Index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. The Index price is a composite of U.S. dollar-bitcoin trading activity on certain digital asset trading platforms which have been evaluated based on criteria including governance, liquidity, and data integrity.

KOOL seeks to outperform the S&P 500 Index by investing in various sectors of the equity market. The Fund is an actively managed exchange-traded fund (“ETF”). As an actively managed fund, the Fund will not seek to replicate the performance of an index. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in U.S. and foreign equity securities. The Fund’s Advisor seeks to identify, in its opinion and based on its research, in which stage of the business cycle the U.S. economy is currently and in which stage of the business cycle the U.S. economy is going to be in the near future. 

RVER is actively managed and seeks capital appreciation by investing in securities believed have an above-average probability of outperforming the S&P 500 Index over all time horizons. The Fund’s investable universe is comprised of all U.S. listed equity securities. This includes common stock and American Depositary Receipts (“ADRs”), without regard to market capitalization. ADRs are U.S. listed equities that represent interests in securities issued by a foreign company. 

SBIT seeks daily investment results, before fees and expenses, that correspond to two times the inverse (-2x) of the daily performance of the Bloomberg Bitcoin Index. The Bloomberg Bitcoin Index is designed to measure the performance of a single bitcoin traded in USD and seeks to provide a proxy for the bitcoin market. The Index price is a composite of U.S. dollar-bitcoin trading activity on certain digital asset trading platforms which have been evaluated based on criteria including governance, liquidity, and data integrity. 

SAMM leveraging nearly two decades of proprietary research, the SAMM investment team draws from a comprehensive library of momentum, trend following, relative strength, and behavioral inputs to arrive at security selection. The most tactical of the Firm’s active ETF offerings, SAMM attempts to identify the early signals of momentum and trend inflection, often even before a thematic justification reveals itself, with a focus on owning securities with compelling risk/reward profiles. SAMM holds between 20 to 50 U.S. listed securities exhibiting strong technical, momentum, and relative strength characteristics. 

ALAI invests at least 80% of its net assets, in equity securities of companies of any market capitalization that it believes will benefit from AI, demonstrate promising growth potential, and are companies where AI can play a material role in potentially driving stock price performance over the next twelve to thirty-six months. In effecting the Fund’s investment strategy, the Manager initially employs its fundamental, proprietary investment research investment process to identify companies undergoing Positive Dynamic Change. Next, the Manager determines whether it believes such companies benefit from AI by classifying them into two categories AI Enablers and AI Adopters. AI Enablers include companies developing the building block components for and investing in AI infrastructure such as machinery, hardware, software and services. AI Adopters include companies that integrate AI into their businesses to enhance their products or services or make their operations more productive. 

CNEQ invests at least 80% of its net assets, plus any borrowings for investment purposes, in equity securities of large-cap companies that the Manager believes demonstrate promising growth potential. For these purposes, “large-cap companies” are those companies that, at the time of purchase of the securities, have total market capitalization within the range of companies included in the Russell 1000 Growth Index. The Fund will invest at least 25% of its total assets in companies focused in the following group of related industries software, technology hardware storage and peripherals, semiconductors and semiconductor equipment, information technology services, electronic equipment instruments and components, communications equipment, broadline retail and interactive media and services, as classified by third party sources. 

RAYJ seeks long-term capital appreciation. The Fund invests, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in equity securities of issuers located in Japan. The Fund’s sub-adviser, Sumitomo Mitsui DS Asset Management Company, Ltd, doing business as SMDAM (the “SubAdviser” or “SMDAM”), considers an issuer to be located in Japan if it meets one or more of the following criteria (i) the issuer is organized under the laws of, or has its principal office in Japan (ii) the issuer has the primary trading markets for its securities in Japan (iii) the issuer derives at least 50% of its revenue or profits from goods or services sold or performed, or investments made, in Japan or (iv) the issuer has at least 50% of its assets in Japan. 

MDST seeks to provide current income and capital appreciation. The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to achieve its investment objectives by investing, under normal circumstances, at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in securities of Midstream (as defined below) North American corporations and Midstream U.S. master limited partnerships (“MLPs”) (collectively, “Midstream Investments”). 

STBF seeks total return from income and preservation of principal. The Fund seeks to achieve its investment objective by active allocation in investment and non-investment grade quality bond markets. Non-investment grade securities are commonly referred to as “high yield” or “junk” bonds. PT Asset Management, LLC (DBA PTAM) (the “Adviser”), the Fund’s investment adviser, uses a value-oriented strategy to select investments that the Adviser believes have superior risk-reward characteristics with respect to criteria such as price, interest rate sensitivity and credit quality. 

FBUF seeks capital appreciation. The fund invest at least 80% of assets in equity securities. Investing in equity securities of companies with market capitalizations generally similar to companies in the S&P 500 Index or Russell 1000 Index. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the S&P 500 Index. Employing a disciplined rules-based “Defensive Option Collar” strategy designed in combination with a diversified portfolio of equity securities to provide the fund with a significant portion of the returns associated with equity market investments while exposing investors to less risk than traditional long-only equity strategies. 

FHEQ seeks capital appreciation. The fund invests at least 80% of assets in equity securities. Investing in equity securities of companies with market capitalizations generally similar to companies in the S&P 500 Index or Russell 1000 Index. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the S&P 500 Index. Employing a disciplined options-based strategy designed to provide downside protection in certain market conditions (i.e., offset or mitigate a decrease in the value of the fund’s investments). The extent of this protection will be determined primarily based on the cost of the put options in the marketplace. Managing the options positions in a way that provides diversification of options strike prices and expirations. Investing in domestic and foreign issuers. 

FYEE seeks current income while maintaining prospects for capital appreciation. Normally investing at least 80% of assets in equity securities. Investing in equity securities of companies with market capitalizations generally similar to companies in the S&P 500 Index or Russell 1000 Index. Generally using computer-aided, quantitative analysis of historical valuation, growth, profitability, and other factors to select a broadly diversified group of stocks that may have the potential to provide a higher total return than that of the S&P 500 Index. Selling (writing) call options on a large cap equity index, such as the S&P 500 Index. Employing a disciplined options-based strategy designed to provide income.

OGSP is actively managed and seeks income and capital preservation. The Fund primarily invests in high grade (investment grade) securitized asset instruments, which are also referred to as “structured products.” Structured products are pre-packaged investments that normally include assets linked to interest or one or more derivatives, which may use leverage. The universe of structured products in the market include, but are not limited to, asset-backed securities (ABS), including private and multi-class structures, pass-through certificates, other instruments secured by financial, physical, and/or intangible assets (i.e., receivables or pools of receivables), tranches of collateralized debt obligations (CDOs), collateralized mortgage obligations (CMOs), collateralized loan obligations (CLOs), agency and non-agency mortgage-backed securities (MBS), such as commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities (RMBS). 

OOSP seeks income and capital preservation. As an actively managed exchange-traded fund (“ETF”), the Fund will not seek to replicate the performance of an index. The Fund intends to achieve its investment objective by investing primarily in securitized asset instruments, which are also referred to as “structured products.” Structured products are pre-packaged investments that normally include assets linked to interest or one or more derivatives, which may use leverage. 

CCSB seeks maximum total return, consistent with preservation of capital and prudent investment management. The Fund is an actively managed exchange traded fund (“ETF”) that primarily invests in a diversified portfolio of “green” or “sustainability” corporate bonds. The Fund’s portfolio will generally maintain an average duration of fewer than 5 years and will be comprised of bonds that collectively will have a weighted-average investment grade rating (BBB- or higher). 

NEWZ seeks long-term capital appreciation. The Fund is an actively-managed ETF that seeks to achieve its investment objective by utilizing an investment strategy that leverages AI and natural language processing to derive a proprietary News Media Sentiment Signal (the “Sentiment Signal”). AI refers to the application of computer systems to perform tasks that typically require human intelligence, discernment and adaption, such as decision-making, reasoning and learning from past experiences. The Fund’s sub-adviser, StockSnips, Inc., uses an investment process based on a proprietary ranking and selection process, which is designed to identify stocks with the most positive news coverage. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amounts of any borrowings for investment purposes) in securities of U.S.-listed large, mid and small capitalization companies. 

STXM seeks to track the investment results of the Bloomberg US 400 Index (the “Index”), which measures the performance of the mid-capitalization sector in the U.S. equity market as determined by Bloomberg (the “Index Provider”). The Index is a free float-adjusted capitalization-weighted (i.e., market capitalization based on the number of shares available to the public) and it is comprised primarily of U.S. equity securities. 

NXTI tracks the performance of the Next Intangible Core Index (the “Core Index”). The Core Index is designed to measure the performance of U.S. stocks of companies that exhibit relatively high intangible capital-to-book assets ratios within their respective sector. The Core Index methodology defines intangible capital as productive assets that lack a physical presence and are generally created through investments in brand capital, knowledge capital, and organization capital. The Core Index is a rules-based index that is created by applying successive screens to an initial universe of stocks. The initial universe is composed of the 2000 largest stocks by market capitalization in the Solactive United States 3000 Index (the “Initial Universe”). 

NXTV tracks the performance of the Next Intangible Value Index (the “Value Index”). The Value Index is designed to measure the performance of U.S. stocks of companies that exhibit low equity valuations relative to their intangible-adjusted book values within their respective sector. The Value Index methodology defines intangible capital as productive assets that lack a physical presence and generally are created through investments in brand capital, knowledge capital, and organization capital. The Value Index is a rules-based index that is created by applying successive screens to an initial universe of stocks. 

BOTT is an exchange traded fund (“ETF”) that seeks to track the performance, before fees and expenses, of an index composed of companies whose products and services are focused on robotics and automation solutions in an industrial context. The Fund employs a “passive management” (or indexing) investment approach designed to track the performance, before fees and expenses, of the Solactive Industrial Robotics & Automation Index, or any successor thereto (the “Index”). The Index is based on a proprietary methodology developed and maintained by Solactive AG (the “Index Provider”), which is an organization that is independent of, and unaffiliated with, the Fund and Themes Management Company, LLC, the Fund’s investment adviser (the “Adviser”). 

The investment objective of QCAP is to seek to provide investors with returns (before fees and expenses) that match the price return of the Invesco QQQ TrustSM, Series 1 (the “Underlying ETF”), up to a predetermined upside cap of 15.21% while providing a buffer (before fees and expenses) against the first 20% of Underlying ETF losses, over the period from April 22, 2024 through April 17, 2025. 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 Invesco QQQ TrustSM, Series 1 (the “Underlying ETF”). 

The investment objective of XAPR is to seek to provide investors with returns (before fees and expenses) 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 12.02% while providing a buffer (before fees and expenses) against the first 15% of Underlying ETF losses, over the period from April 22, 2024 through April 17, 2025. 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 SPDR S&P 500 ETF Trust (the “Underlying ETF”). The Underlying ETF is an exchange-traded unit investment trust that uses a replication strategy, meaning it invests in as many of the stocks in the S&P 500 Index as is practicable.

YBIT is an actively managed exchange-traded fund (“ETF”) that seeks current income while providing indirect exposure to the share price (i.e., the price returns) of one or more select U.S.-listed exchange-traded products (“ETP”) that seek exposure to Bitcoin, which is a “cryptocurrency”, subject to a limit on potential investment gains as a result of the nature of the options strategy it employs. Although Bitcoin may be referred to as a “cryptocurrency” it is not yet widely accepted as a means of payment. The Fund uses a synthetic covered call strategy that is designed to provide income and indirect exposure to the share price returns of one or more Underlying ETPs. In addition, the strategy is designed to produce higher income levels when the Underlying ETP experiences or Underlying ETPs experience, as applicable, more volatility. 

OPTZ is a passive exchange traded fund that seeks to track the performance of the Optimize Strategy Index (OPTSI), which is managed by Optimize Financial Inc. The Optimize Strategy Index (the “Index”) aims to generate excess returns as compared to the broader U.S. equity market over an economic cycle. It seeks to do so by focusing on companies that exhibit a favorable profile with regard to various fundamental metrics including the ratio of current Earnings Per Share (EPS) over the trailing 10-year average EPS, the current Price to Earnings (P/E) ratio, and the 2-year forward EPS growth estimate for large capitalization companies and the Price to Sales (P/S) ratio for small Capitalization companies.

PSTR is an actively managed exchange-traded fund (“ETF”) that may engage in active and frequent trading. The Fund will normally invest at least 80% of its net assets, including any borrowings for investment purposes, in a diversified portfolio of equity securities that include common stocks of U.S companies and equity ETFs providing exposure to such companies, or derivatives that have economic characteristics similar to such securities. The equity ETFs in which the Fund will invest are primarily index ETFs that invest in the common stock of U.S. companies although the Fund may also invest in actively managed ETFs that provide similar exposure to equity securities. To enhance returns and generate income, the Fund will from time to time incorporate a covered call option writing strategy.