Author: Pankaj b

Important Disclosures

Investments involve risk. Principal loss is possible. Redemptions are limited and often commissions are charged on each trade. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value.

The Fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. Click here for the NEWZ Prospectus and Summary Prospectus. A free hardcopy of any prospectus may be obtained by calling +1.412.452.1220. Read carefully before investing.

The Securities and Exchange Commission (SEC) does not approve or disapprove of any investment. This material has been distributed for informational purposes only and should not be considered as investment advice or a recommendation of any particular security, strategy or investment product. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. No part of this material may be reproduced in any form, or referred to in any other publication, without express written permission. References to other funds should not be interpreted as an offer of these securities.

The Fund is distributed by Quasar Distributors, LLC. The Fund’s investment advisor is Empowered Funds, LLC which is doing business as ETF Architect.

AI Model Risk. The Fund’s strategies rely heavily upon artificial intelligence (AI) to derive sentiment signals to guide investment decisions. Due to the unpredictable nature of financial markets, there is no guarantee regarding the accuracy or reliability of AI-derived sentiment signals.

Large-Capitalization Companies Risk. Large-capitalization companies may be less able than smaller capitalization companies to adapt to changing market conditions. Large capitalization companies may be more mature and subject to more limited growth potential compared with smaller capitalization companies.

Small- and Mid- Capitalization Companies Risk. Investing in securities of small- and mid-capitalization companies involves greater risk than is customarily associated with investing in larger, more established companies. These companies’ securities may be more volatile and less liquid than those of more established companies.

Foreign Securities Risk. Investments in non-U.S. securities involve risks that may not be present with investments in U.S. securities. For example, investments in non-U.S. securities may be subject to risk of loss due to foreign currency fluctuations or to political or economic instability.

Risk of Investing in Other ETFs. Because the Fund may invest in other ETFs, the Fund’s investment performance is impacted by the investment performance of the selected underlying ETFs. An investment in the Fund is subject to the risks associated with the ETFs that then-currently comprise the Fund’s portfolio.

New Fund Risk. The Fund is a recently organized management investment company with no operating history. As a result, prospective investors have no track record or history on which to base their investment decision. There can be no assurance that the Fund will grow to or maintain an economically viable size.

Other principal risks of investing in the fund include: Machine Learning Risk, Risk of Investing in the U.S., ADR Risk, Investment Risk, Equity Investing Risk, Management Risk, High Portfolio Turnover Risk, and Geopolitical/Natural Disaster Risks. For more detailed information about risks inherent in investing in the fund, please review the Prospectus.