The Polen Capital China Growth ETF (the “Fund”) seeks to achieve long-term growth of capital. PCCE aims for long-term capital growth through investment in an actively managed portfolio, by investing in Chinese companies that in the opinion of Polen Capital Management, LLC, the sub-advisor to the Fund (the “Sub-Advisor”) and in common stock of companies that have either the predominant part of their assets in, their revenues derived from, or substantial business in, the People’s Republic of China (“PRC”) and/or Hong Kong. Consistent earnings growth is the primary driver of intrinsic value and long-term stock appreciation. It seek to invest in companies with a durable earnings profile driven by a sustainable competitive advantage, financial strength, sound ESG practices, proven management teams, and powerful products/services.

The Fund is a non-diversified, actively-managed exchange-traded fund (“ETF”) that seeks to achieve its objective by investing a focused portfolio of approximately 25 to 35 common stocks of large capitalization companies (meaning companies with market capitalizations greater than 10 billion at the time of purchase), including companies in both developed and emerging markets, that, in the opinion of Polen Capital Management, LLC, the sub-advisor to the Fund (the “Sub-Advisor”), have a sustainable competitive advantage. Under normal market conditions, the Fund invests primarily in non-U.S. equity securities. While under normal market conditions the Fund will invest in at least three different countries, the Sub-Advisor anticipates that the Fund will ordinarily invest in approximately six or more countries. The specific allocation to U.S. and non-U.S. securities will vary from time to time based on the Sub-Advisor’s assessment of domestic and international market conditions. 

The GraniteShares 2x Long AMD Daily ETF (the “Fund”) seeks daily leveraged investment results of 2 times (200%) the daily percentage change of the common stock of Advanced Micro Devices, Inc. (NASDAQ AMD) (the “Underlying Stock”). Because the Fund seeks daily leveraged investment results it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage. The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 200% the performance of the Underlying Stock for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day’s compounded return over the period, which will very likely differ from 200% the return of the Underlying Stock for that period.

The Granite Shares 2x Long AMZN Daily ETF is an exchange-traded fund incorporated in the USA. The GraniteShares 2x Long AMZN Daily ETF (the “Fund”) seeks daily investment results of 2 times (200%) the daily percentage change of the common stock of Amazon.com, Inc. (NASDAQ AMZN) (the “Underlying Stock”). Because the Fund seeks daily leveraged investment results it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage. The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 200% the performance of the Underlying Stock for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day’s compounded return over the period, which will very likely differ from 200% the return of the Underlying Stock for that period. Longer holding periods, higher volatility of the Underlying Stock and leverage increase the impact of compounding on an investor’s returns. 

The Simplify Tara India Opportunities ETF (IOPP) seeks to provide long term capital appreciation. The fund will invest in equity securities of Indian issuers. It is actively managed with a goal of outperforming the MSCI India Index. The Fund invests at least 80% of its assets (plus any borrowings for investment purposes) in securities of Indian issuers. The Fund defines Indian issuers as entities (i) organized in India (ii) having a class of securities whose principal securities market is in India (iii) deriving more than 50% of total revenues or earnings from goods produced, sales made, or services provided in India or (iv) maintaining more than 50% of its employees, assets, investments, operations, or other business activity in India.

The GraniteShares 2x Long MSFT Daily ETF (the “Fund”) seeks daily leveraged results of 2 times (200%) the daily percentage change of the common stock of Microsoft Corporation (NASDAQ MSFT) (the “Underlying Stock”). Because the Fund seeks daily leveraged investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage. The return for investors that invest for periods longer or shorter than a trading day should not be expected to be 200% the performance of the Underlying Stock for the period. The return of the Fund for a period longer than a trading day will be the result of each trading day’s compounded return over the period, which will very likely differ from 200% the return of the Underlying Stock for that period.

The Sprott Copper Miners ETF (the “Fund”) seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Nasdaq Sprott Copper Miners Index (the “Index”). The Fund will, under normal circumstances, invest at least 80% of its total assets in securities of the Index. The Index is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development, and production of copper. The Index generally consists of from 30 to 50 constituents. Securities are free float market cap weighted subject to the weighting restrictions listed.

The iREIT - MarketVector Quality REIT Index ETF (the “Fund”) seeks to track the performance, before fees and expenses, of iREIT MarketVector Quality REIT (the “Index”). The Index is a rules-based index and construction of the Index begins with the selection of investments from an initial universe of U.S.-listed equity REITs (real estate investment trusts) that comprise the iREIT Equity REIT-100 universe (the “initial universe”). The initial universe includes 100 REITs operating in various sectors such as healthcare, hotel, net lease, retail, diversified, technology, residential, self-storage, industrial, and office. The 100 U.S.-listed REITs in the initial universe are selected by Wide Moat. The initial universe is reconstituted on a quarterly basis. From the initial universe, the Index Provider scores each portfolio candidate based on both quality and value factors.

The Fund is an actively managed portfolio that invests primarily across the investment grade, U.S.-dollar fixed income market and can allocate up to 35% in out-of-benchmark “plus” sectors in an effort to enhance risk-adjusted returns, relying on the depth and experience of specialist sector teams. The fund has access to multiple bond market sectors in a single fund. The Fund’s portfolio is divided into two segments. The first segment, which makes up at least 65% of the Fund’s assets, is invested primarily in a broad range of investment-grade bonds and fixed-income securities, including, but not limited to, corporate bonds, U.S. Treasury and agency securities and mortgage-backed and asset-backed securities. The securities within the Fund’s first segment are mainly high-quality instruments rated in the top four credit categories by Moody’s or S&P, or deemed to be of the same quality by the Fund’s sub-adviser using its own credit analysis. The second segment, which will not exceed 35% of the Fund’s assets, is invested in securities rated below investment grade (commonly referred to as “high yield” or “junk” bonds) or the unrated equivalent. These securities generally are rated in the fifth or lower rating categories (for example, BB or lower by S&P and Ba1 or lower by Moody’s). These securities generally offer a higher yield than investment grade securities, but involve a high degree of risk.

Nuveen Preferred and Income ETF is an actively managed portfolio that seeks to provide a high level of current income and total return with at least 80% allocation to preferred securities, and other income-producing securities. The fund will invest 80% of the sum of its net assets and the amount of any borrowings for investment purposes in preferred securities and other income producing securities. The Fund may invest in all types of preferred securities, including both perpetual preferred securities and hybrid securities.

Nuveen Sustainable Core ETF is an actively managed U.S. large cap core equity portfolio that seeks favorable long-term total return by investing in companies aligned with three investment themes Energy Transition and Innovation, Inclusive Growth, and Strong Governance. Sustainability themes are measurable investment themes that exhibit positive societal impact and also influence macroeconomic trends, competitive dynamics, and the financial performance of companies across industries and sectors. For purposes of the Fund's 80% policy, (i) the three “sustainability themes” are (1) energy transition and innovation, (2) inclusive growth, and (3) strong governance, each as described below, and (ii) a company is “aligned with sustainability themes” if the company ranks in the top 70% of companies based on the sub-adviser’s Thematic Alignment Model, which measures the weighted average of a company’s positive alignment with all three themes.

The investment objective of the Fund is to seek total return, consistent with preservation of capital. The Fund is an actively managed exchange-traded fund (“ETF”) that seeks to pursue its investment objective by investing, under normal market conditions, at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in income producing fixed income securities. The Fund will invest primarily in investment grade fixed income securities, which are instruments rated in the top four credit categories by a nationally recognized statistical rating organization (“NRSRO”) or deemed to be of the same quality by the Fund’s sub-adviser using its own credit analysis. As part of its principal investment strategy, the Fund may invest in U.S. Treasury securities and agencies, corporate securities, asset-backed securities, mortgage-backed and mortgage-related securities, and high quality money market instruments such as commercial paper and certificates of deposit. The Fund seeks to maintain a duration of one year or less, although under certain market conditions such as in periods of significant volatility in interest rates and spreads, the Fund’s duration may be as long as two years.

The Roundhill N-100 0DTE Covered Call Strategy ETF (“QDTE”) is the first ETF to utilize zero days to expiry (“0DTE”) options on the Nasdaq-100. QDTE seeks to provide overnight exposure to the Nasdaq-100 and generate income each morning by selling out-of-the-money 0DTE calls on the Index. QDTE is an actively-managed ETF. The Fund seeks to achieve its investment objectives through the use of a synthetic covered call strategy that provides current income on a weekly basis, while also providing exposure to the price return of the Nasdaq-100 Index (the “N-100 Index”). In effectuating its investment strategy, the Fund will purchase and sell a combination of call option contracts that utilize the N-100 Index as the reference asset. The Fund’s sold call options will generally have zero days to expiration, known as “0DTE” options, when sold by the Fund. At market open, or shortly thereafter, on every business day, the Fund generally sells out-of-the money 0DTE call options on the N-100 Index that will expire at the end of the day.

The Roundhill S&P 500 0DTE Covered Call Strategy ETF (“XDTE”) is the first ETF to utilize zero days to expiry (“0DTE”) options on the S&P 500. XDTE seeks to provide overnight exposure to the S&P 500 and generate income each morning by selling out-of-the-money 0DTE calls on the Index. XDTE is an actively-managed ETF. The Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in financial instruments (such as options contracts) that utilize the S&P 500 Index as the reference asset. For purposes of compliance with this investment policy, derivative contracts (i.e. options contracts) will be valued at their notional value. The Fund’s sold call options will generally have zero days to expiration, known as “0DTE” options, when sold by the Fund. At market open, or shortly thereafter, on every business day, the Fund generally sells out-of-the money 0DTE call options on the N-100 Index that will expire at the end of the day.

The Cullen Enhanced Equity Income ETF is an actively managed exchange-traded Fund which seeks long-term capital appreciation and current income by investing in large cap, dividend paying companies and then selectively writing covered calls on 25-40% of the portfolio holdings. The ETF aims to generate high income by collecting a combination of dividends and premiums received from selectively written call covered options. In addition to seeking high dividend yield, the Adviser employs a “value” style investing approach, which means that it selects stocks for the portfolio by screening for securities with low price-to-earnings ratios but that possess above-average earnings and dividend growth potential.

The Monarch Dividend Plus Index ETF (the “Fund”) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Monarch Dividend Plus Index (the “Index”). The Fund invests at least 80% of its total assets in the constituents of the Index. The Index consists of 30 equally weighted U.S. large and mid-cap stocks from the Russell 1000 Index that represent all economic sectors within the S&P 500 Index and that represent dividend paying value stocks that deliver dividend cash flows across all market cycles.

The Monarch Select Subsector Index ETF (the “Fund”) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Monarch Select Subsector Index (the “Index”). The Fund is a fund of funds that invests at least 80% of its total assets in the constituents of the Index. The Index consists of 10 equally-weighted U.S. listed ETFs of any market capitalization that represent economically advantageous U.S. sectors and subsectors.

The Monarch Volume Factor Dividend Tree Index ETF (the “Fund”) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Monarch Volume Factor Dividend Tree Index (the “Index”). The Fund invests at least 80% of its total assets in the constituents of the Index. The Index uses proprietary “Volume Factor” methodology to identify specific areas of the market with positive cash flow. The Index consists of 40 equally-weighted individual stocks that demonstrate positive cash flow and an ability to pay dividends and up to 5 fixed income ETFs if the cash flow trend is negative. Only ETFs that provide exposure to short-term U.S. treasury securities are eligible for the Index.

The Monarch Volume Factor Global Unconstrained Index ETF (the “Fund”) seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Monarch Volume Factor Global Unconstrained Index. The Index follows a proprietary rules-based methodology that screens the universe of U.S. listed equity ETFs with global exposure (including emerging markets) to select those funds that (i) use no leverage, (ii) are not inverse funds, (iii) have assets under management of at least 50 million and (iv) have over two years of trading history. The Adviser then applies its proprietary “Volume Factor” ranking methodology to identify the areas of the market with positive cash flow. When cash flow trends are positive, the Index consists of ETFs that provide exposure to the areas and sectors of the market that are drawing the strongest cash flows. When the cash flow trends are negative, a portion or all of the Index consists of one or more treasury ETFs. 

The Direxion Daily Concentrated QS Bear 1X Shares seek daily investment results, before fees and expenses, of 100% of the inverse (or opposite), of the performance of the Indxx Front of the Q Index. The Indxx Front of the Q Index (IFOTQ) is provided by Indxx and is designed to track the performance of the seven largest NASDAQ listed companies. The inverse ETF seeks a return that is -100% the return of its benchmark index for a single day. The funds should not be expected to provide two times or negative one times the return of the benchmark’s cumulative return for periods greater than a day. 

The Direxion Daily Concentrated Qs Bull 2X seek daily investment results, before fees and expenses, of 200%, of the performance of the Indxx Front of the Q Index. The Indxx Front of the Q Index (IFOTQ) is provided by Indxx and is designed to track the performance of the seven largest NASDAQ listed companies. These leveraged or ETF seek a return that is 200% the return of its benchmark index for a single day. The funds should not be expected to provide two times the return of the benchmark’s cumulative return for periods greater than a day. 

SPYT is an actively managed exchange-traded fund (“ETF”) dedicated to generating current income. Our strategy revolves around holding shares of ETFs that track the S&P 500’s performance and engaging in the selling of daily credit call spreads on the Index. Our options strategy involves selling a call option while simultaneously buying another call option at a higher strike price, maximizing income potential. By focusing on short-term options, we aim to offer an “enhanced” yield compared to traditional option-based strategies. SPYT’s investment approach is meticulously designed to generate income through option premiums derived from selling Index call spreads, the primary driver of the Fund’s yield. We sell at-the-money or near-the-money call spreads to retain upside growth potential and aim for a target annual income level of 20%. Each day, SPYT sells credit call spreads on the S&P 500, prioritizing options with near-term expiration. This entails selling call options at or near the money strike prices and buying call options above that strike price. Should the S&P 500 value rise above the upper strike price, SPYT stands to profit from further upside appreciation in the Index’s value.

The WisdomTree 7-10 Year Laddered Treasury Fund seeks to track the price and yield performance, before fees and expenses, of the Bloomberg US Treasury 7-10 Year Laddered Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. Treasuries that have a remaining maturity of seven to ten years and investments that have economic characteristics (i.e., risk and return characteristics) that are substantially similar to the economic characteristics of such Treasuries. The Index is composed of fixed-rate coupon U.S. Treasury securities maturing in seven to ten years or with remaining maturities between seven to ten years.

The WisdomTree 1-3 Year Laddered Treasury Fund seeks to track the price and yield performance, before fees and expenses, of the Bloomberg US Treasury 1-3 Year Laddered Index. The Fund generally uses a representative sampling strategy to achieve its investment objective, meaning it generally will invest in a sample of the securities in the Index whose risk, return and other characteristics resemble the risk, return and other characteristics of the Index as a whole. Under normal circumstances, the Fund invests at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in U.S. Treasuries that have a remaining maturity of one to three years and investments that have economic characteristics (i.e., risk and return characteristics) that are substantially similar to the economic characteristics of such Treasuries. The Index is composed of fixed-rate coupon U.S. Treasury securities maturing in one to three years or with remaining maturities between one and three years.