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Summary Section – PeakShares RMR Prime Equity ETF
Investment Objective.
<p id="xdx_A8C_eoef--ObjectivePrimaryTextBlock_zO5Pet3IDvia" style="font: 10pt Open Sans; margin: 0; text-align: justify">The primary investment objective of the PeakShares
RMR Prime Equity ETF (the “Fund”) is to seek to provide <span id="a_Hlk123916043"></span>capital appreciation and income generation.</p>
<p style="font: 9pt Open Sans; margin: 0; text-align: justify"> </p>
Fees and Expenses of the Fund.
<p id="xdx_A86_eoef--ExpenseNarrativeTextBlock_zU1Pn2udENUf" style="font: 10pt Open Sans; margin: 0; text-align: justify">This table describes the fees and
expenses that you may pay if you buy, hold and sell shares of the Fund. You may pay other fees, such as brokerage commissions and other
fees to financial intermediaries, which are not reflected in the tables and examples below.</p>
<p style="font: 9pt Open Sans; margin: 0; text-align: justify"> </p>
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
<div id="xdx_A8E_eoef--AnnualFundOperatingExpensesTableTextBlock_zT9ziHHO6lc6"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A57_dU_zDQu70sz7Ld2" style="font: 10pt Open Sans; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Annual Fund Operating Expenses">
<tr style="background-color: #D9D9D9">
<td style="border-top: Black 1pt solid; width: 85%; border-bottom: Black 1pt solid; text-align: left"><b>Annual Fund Operating Expenses<br/>
</b><i>(expenses that you pay each year as a percentage of the value of your investment)</i></td>
<td id="xdx_49F_20260625__20260625__dei--LegalEntityAxis__custom--S000097065Member__oef--ClassAxis__custom--C000266114Member_zZEAH1EdE6Pi" style="border-top: Black 1pt solid; width: 15%; border-bottom: Black 1pt solid; text-align: center"> </td></tr>
<tr id="xdx_40E_eoef--ManagementFeesOverAssets_dpn_z0mbiO34JII9">
<td style="text-align: left">Management Fees</td>
<td style="text-align: center">0.60%</td></tr>
<tr id="xdx_40A_eoef--OtherExpensesOverAssets_dpn_z1INjT6VtXFd">
<td style="text-align: left">Other Expenses<sup id="xdx_F40_z6YLCfaNBAWh">(1)</sup></td>
<td style="text-align: center">0.63%</td></tr>
<tr id="xdx_400_eoef--AcquiredFundFeesAndExpensesOverAssets_dpn_z1QYAkfvBaX2">
<td style="text-align: left">Acquired Fund Fees and Expenses<sup id="xdx_F41_zp1EDG2jSPoc">(2)</sup></td>
<td style="text-align: center">0.00%</td></tr>
<tr id="xdx_40D_eoef--ExpensesOverAssets_dpn_z00b4pPhd2of">
<td style="border-bottom: Black 1pt solid; text-align: left"><span id="a_Hlk157090607"></span>Total Annual Fund Operating Expenses </td>
<td style="border-bottom: Black 1pt solid; text-align: center">1.23%</td></tr>
<tr id="xdx_40F_eoef--FeeWaiverOrReimbursementOverAssets_dp_zh3IAIdePGz3">
<td style="border-bottom: Black 1pt solid; text-align: left"> Fee Waiver and Expense Reimbursements</td>
<td style="border-bottom: Black 1pt solid; text-align: center">(0.23%)</td></tr>
<tr id="xdx_407_eoef--NetExpensesOverAssets_dpn_zIt1HA9Awir8">
<td style="border-bottom: Black 1pt solid; text-align: left">Total Annual Fund Operating Expenses after Fee Waiver and Expense Reimbursements <sup id="xdx_F42_zcNrjdGyUwmj">(3)</sup></td>
<td style="border-bottom: Black 1pt solid; text-align: center">1.00%</td></tr>
</table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Open Sans; margin-top: 6pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F07_z0EOke3O2YAk" style="width: 0.25in">(1)</td><td id="xdx_F1C_z8d1F5vMNWbb" style="text-align: justify"><span id="xdx_902_eoef--OtherExpensesNewFundBasedOnEstimates_c20260625__20260625__dei--LegalEntityAxis__custom--S000097065Member_zopsLlCZuvwl">Estimated for the current fiscal year.</span></td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Open Sans; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td id="xdx_F0F_zHBfvmBFHt0c" style="width: 0.25in">(2)</td><td id="xdx_F11_zGiQ2NNGwUZg" style="text-align: justify">This number represents the combined total fees and operating expenses of the Acquired Funds owned by the
Fund and is not a direct expense incurred by the Fund or deducted from the Fund assets.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 8pt Open Sans; margin-top: 3pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0"></td><td style="width: 0.25in"><span id="xdx_F02_zLYlhwvzDKnl">(3)</span></td><td style="text-align: justify"><span id="xdx_F12_zv81Jyqno45g">Pursuant to an operating expense limitation agreement between PeakShares, LLC (the “Adviser”)
and the Trust, on behalf of the Fund, the Adviser has agreed to waive its fees and/or absorb expenses of the Fund to ensure that Total
Annual Fund Operating Expenses for the Fund (excluding any front-end or contingent deferred loads, brokerage fees and commissions, acquired
fund fees and expenses, borrowing costs (such as interest and dividend expense on securities sold short) and extraordinary expenses, such
as litigation, do not exceed 1.00% of the Fund’s average net assets through <span id="xdx_902_eoef--FeeWaiverOrReimbursementOverAssetsDateOfTermination_c20260625__20260625__dei--LegalEntityAxis__custom--S000097065Member_zTPobPZSxo4i">November 30, 2027</span>. This operating expense limitation
agreement can be terminated only by, or with the consent of, the Board of Trustees of the Trust. The Adviser is permitted to receive reimbursement
from the Fund for fees it waived and Fund expenses it paid, subject to the limitation that (1) the reimbursement for fees and expenses
will be made only if payable within three years from the date the fees and expenses were initially waived or reimbursed and (2) the reimbursement
may not be made if it would cause the expense limitation in effect at the time of the waiver or currently in effect, whichever is lower,
to be exceeded.</span></td></tr></table>
<p style="font: 9pt Open Sans; margin: 0; text-align: justify"> </p>
0.0060
0.0063
0.0000
0.0123
-0.0023
0.0100
Estimated for the current fiscal year.
November 30, 2027
Example.
<p id="xdx_A85_eoef--ExpenseExampleNarrativeTextBlock_zluh5xqyMqu5" style="font: 10pt Open Sans; margin: 0; text-align: justify">This Example is intended
to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds.</p>
The Example assumes that you invest
$10,000 in the Fund for the time periods indicated and then sell all of your shares at the end of those periods. The Example also assumes
that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs
may be higher or lower, based on these assumptions, your costs would be:
<div id="xdx_A8E_eoef--ExpenseExampleWithRedemptionTableTextBlock_zWCtgoU4pvVk" style="margin-left: 20pt"></div>
<table cellpadding="0" cellspacing="0" id="xdx_A5F_dU_zi8OCE3Cj4El" style="font: 10pt Open Sans; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Expense Example">
<tr style="background-color: #D9D9D9">
<td style="width: 0%"> </td>
<td id="xdx_487_eoef--ExpenseExampleYear01_zBjRniz1muS9" style="border-top: Black 1pt solid; width: 25%; border-bottom: Black 1pt solid; text-align: center"><span id="a_Hlk77673266"></span><b>One Year</b></td>
<td id="xdx_48F_eoef--ExpenseExampleYear03_z7T44YiWK8Ej" style="border-top: Black 1pt solid; width: 25%; border-bottom: Black 1pt solid; text-align: center"><b>Three Years</b></td>
<td id="xdx_484_eoef--ExpenseExampleYear05_zRWx3tVdqmC5" style="border-top: Black 1pt solid; vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><b>Five Years</b></td>
<td id="xdx_486_eoef--ExpenseExampleYear10_zavCJhZPBg42" style="border-top: Black 1pt solid; vertical-align: top; width: 25%; border-bottom: Black 1pt solid; text-align: center"><b>Ten Years</b></td></tr>
<tr id="xdx_41B_20260625__20260625__dei--LegalEntityAxis__custom--S000097065Member__oef--ClassAxis__custom--C000266114Member_zvQhLwRHKoni" style="vertical-align: top">
<td> </td>
<td style="border-bottom: Black 1pt solid; text-align: center">$102</td>
<td style="border-bottom: Black 1pt solid; text-align: center">$368</td>
<td style="border-bottom: Black 1pt solid; text-align: center">$654</td>
<td style="border-bottom: Black 1pt solid; text-align: center">$1,468</td></tr>
</table>
<p style="font: 9pt Open Sans; margin: 0; text-align: justify"> </p>
102
368
654
1468
Portfolio Turnover.
<p id="xdx_A85_eoef--PortfolioTurnoverTextBlock_zHl1TtZdaMX4" style="font: 10pt Open Sans; margin: 0; text-align: justify">The Fund pays transaction costs, such as
commissions, when it buys and sells securities (or ”turns over” its portfolio). A higher portfolio turnover rate may
indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are
not reflected in Total Annual Fund Operating Expenses or in the Example, affect the Fund’s performance. During the most recent
fiscal period, the Fund’s portfolio turnover rate was <span id="xdx_908_eoef--PortfolioTurnoverRate_dp_c20260625__20260625__dei--LegalEntityAxis__custom--S000097065Member_zqz6XCjUguk2">17%</span> of the average value of the portfolio.</p>
<p style="font: 9pt Open Sans; margin: 0; text-align: justify"> </p>
0.17
Principal Investment Strategies.
<p id="xdx_A82_eoef--StrategyNarrativeTextBlock_zDrdlrKVTg16" style="font: 10pt Open Sans; margin: 0; text-align: justify"><span id="a_Hlk123913940"></span><span id="a_Hlk163212338"></span>The
Fund is an actively managed exchange-traded fund (“ETF”) that may engage in active and frequent trading. Under normal circumstances,
the Fund will invest at least 80% of its net assets, including any borrowings for investment purposes, in equity securities that include
common stocks of companies and equity ETFs providing exposure to such companies, and 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 companies although the Fund
may also invest in actively managed ETFs that provide similar exposure to equity securities. The Fund is managed relative to the S&P
500 Index but has broad flexibility to allocate its assets across different types of securities and sectors of the equity markets. The
Fund may invest in securities of companies of any market </p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify">capitalization, or equity ETFs that provide exposure to companies of
any capitalization. </p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify">The Fund will invest in equity securities in order to (i) provide a comparable
allocation to the S&P 500’s sectors and (ii) capitalize on market opportunities or perceived market strength in individual positions. The Fund expects to hold 20 to 80 securities
at any given time, including individual company securities and positions in equity ETFs, with no fewer than 20 positions at any time.
The core of the Fund’s portfolio will be comprised of a combination of equity securities that make up the S&P 500 Index, although
additional positions like ETFs, other equity securities that are not a component of the S&P 500 Index may be included in the Fund’s
portfolio.</p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify">The Fund’s approach involves keeping allocations to the sectors
comparable to the sector weightings of the S&P 500 at a given moment. These allocation will be revisited, at least, on a quarterly
basis, but can be adjusted as frequently as needed. The Fund’s investment process includes top-down macroeconomic and sector analysis
as well as a bottom-up, individual-position-level analysis and valuation methodology. The top-down models incorporate macroeconomic, key
industry drivers, financial metrics, and valuations to arrive at an outlook for each industry sector, and direction on which areas of
the market to seek exposure to. Using these outlooks, the Sub-Adviser then allocates weights to each individual position to construct
a portfolio that seeks to maximize expected return and achieve a comparable allocation to the S&P 500 Index. Based on economic conditions
and analysis conducted by the Sub-Adviser, the sector weights may differ materially from the sector weights of the S&P 500 Index. In addition, the Sub-Adviser conducts
an ongoing analysis of the state of the investment universe based on economic, political, and market conditions, to determine the highest
potential for positive returns during periods of relative economic strength, while utilizing defensive positioning such as allocations
to more defensive positions when economic and market environments weaken<span id="a_Hlk163142160"></span>, rebalancing the portfolio as needed.</p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify">The Fund employs a bottom-up, research-intensive approach to security
selection, integrating fundamental and technical analyses with quantitative modeling to guide portfolio decisions. Each investment is
subject to a rigorous evaluation process that includes financial statement analysis, earnings potential, industry dynamics, and management
quality.</p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify">The Sub-Adviser utilizes a multi-factor scoring model to assess valuation,
growth prospects, and quality metrics, enabling a disciplined framework for security selection and ongoing thesis validation. Valuation
assessments are grounded in detailed forecasts and model-driven price targets, supplemented by comparative analysis and technical indicators.</p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify">Investments are favored when they exhibit high-quality characteristics
such as robust fundamentals, strong and stable free cash flow, attractive relative valuation, competitive advantages (economic moats),
and positive momentum signals. Positions are continuously monitored, with performance evaluated against original underwriting assumptions
and evolving market conditions.</p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify"> </p>
<p style="font: 10pt Open Sans; margin: 0; text-align: justify">The Fund will exit or reduce a position when the underlying investment
thesis deteriorates, valuation becomes unattractive, or a superior opportunity is identified.</p>
<p id="xdx_A85_eoef--RiskTextBlock_gRBRTB-SBEXDN_z2FrMlhx6jg8" style="font: 10pt Open Sans; margin: 0; text-align: justify">Remember that in
addition to possibly not achieving your investment goals, you could lose money by investing in the Fund. The following summarizes the
principal risks of investing in the Fund.</p>
<div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--ActiveManagementRiskMember_zO9Fi3TYZJHh">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Active Management Risk. </b>The Adviser’s judgments about the growth, value or potential appreciation
of an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance
and cause it to underperform relative to other funds with similar investment goals or relative to its benchmark, or not to achieve its
investment goal.</td></tr></table></div><div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--EarlyCloseTradingHaltRiskMember_zzYKbwF7J3zj">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Early Close/Trading Halt Risk. </b>An exchange or market may close or impose a market trading halt
or issue trading halts on specific securities, or the ability to buy or sell certain securities or financial instruments may be restricted,
which may prevent the Fund from buying or selling certain securities or financial instruments. In these circumstances, the Fund may be
unable to rebalance its portfolio, may be unable to accurately price its investments and may incur substantial trading losses.</td></tr></table></div><p id="xdx_A94_zRe7r8oX8C9f" style="font: 10pt Open Sans; margin: 8pt 0 0 0.5in; text-align: justify"></p><p style="font: 10pt Open Sans; margin: 8pt 0 0; text-align: left"> </p><p id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--ETFStructureRiskMember_gRBRTB-IQRV_zAJ1XfjzEjmf" style="font: 10pt Open Sans; margin: 8pt 0 0 0.5in; text-align: left; text-indent: -0.25in"><b>ETF Structure Risk. </b>The Fund is
structured as an ETF and as a result is subject to the special risks, including:</p><div id="xdx_C0F_gRBRTB-IQRV_zKeIGFI1Ln53"><div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--AuthorizedParticipantRiskMember_zEVouGQBmJmh"></div></div><div id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--NotIndividuallyRedeemableMember_zdnayzL8dlf5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Not Individually Redeemable. </b>Shares are not individually redeemable to retail investors and may
be redeemed only by the ETF only to Authorized Participants at NAV in large blocks known as “Creation Units.” An Authorized
Participant may incur brokerage costs purchasing enough Shares to constitute a Creation Unit.</td></tr></table></div><div id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--TradingIssuesMember_zxlWflOtSxDj">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Trading Issues. </b>An active trading market for the Shares may not be developed or maintained. Trading
in Shares on NASDAQ (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange,
make trading in Shares inadvisable, such as extraordinary market volatility. There can be no assurance that Shares will continue to meet
the listing requirements of the Exchange, which may result in the trading of the Shares being suspended or the Shares being delisted.
An active trading market for the Shares may not be developed or maintained. If the Shares are traded outside a collateralized settlement
system, the number of financial institutions that can act as Authorized Participants that can post collateral on an agency basis is limited,
which may limit the market for the Shares.</td></tr></table></div><div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketPriceVarianceRiskMember_znaJqdFmDuS5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Market Price Variance Risk. </b>The market prices of Shares will fluctuate in response to changes in
NAV and supply and demand for Shares and will include a “bid ask spread” charged by the exchange specialists, market makers
or other participants that trade the particular security.</td></tr></table></div>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">In times of market stress, market makers may step away from their role market making in the Shares of
ETFs and in executing trades, which can lead to differences between the market value of Shares and an ETF’s NAV.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">The market price of the Shares may deviate from an ETF’s NAV, particularly during times of market
stress, with the result that investors may pay significantly more or significantly less for Shares than an ETF’s NAV, which is reflected
in the bid and ask price for Shares or in the closing price.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">When all or a portion of an ETFs underlying securities trade in a market that is closed when the market
for the Shares is open, there may be changes from the last quote of the closed market and the quote from an ETF’s domestic trading
day, which could lead to differences between the market value of the Shares and an ETF’s NAV.</td></tr></table>
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">In stressed market conditions, the market for the Shares may become less liquid in response to the deteriorating
liquidity of an ETF’s portfolio. This adverse effect on the liquidity of the Shares may, in turn, lead to differences between the
market value of the Shares and an ETF’s NAV.</td></tr></table>
<div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquitySecuritiesRiskMember_z3TUWeotjgJi">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Equity Securities Risk. </b>Fluctuations in the value of equity securities held by the Fund will cause
the net asset value (“NAV”) of the Fund and the price of its shares (“Shares”) to fluctuate. Common stock of an
issuer may decline in price if the issuer fails to make anticipated dividend payments. Common stock will be subject to greater dividend
risk than preferred stocks or debt instruments of the same issuer. In addition, common stocks have experienced significantly more volatility
in returns than other asset classes.</td></tr></table></div><p id="xdx_A97_zOcpnM5CQld9" style="margin-top: 0; margin-bottom: 0"> </p><p style="font: 10pt Open Sans; margin: 0; text-align: left"> </p><div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--InvestingInETFsRiskMember_zXUatPx1dmQ5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span id="a_Hlk68687751"></span><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Investing in ETFs Risk. </b><span id="a_Hlk123907442"></span>ETFs may trade in the secondary market at
prices below the value of their underlying portfolios and may not be liquid. ETFs held in the Fund’s portfolio that track an index
are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark.
ETFs held in the Fund’s portfolio are also subject to investment advisory and other expenses, which will be indirectly paid by the
Fund. The Fund may also be subject to certain other risks specific to each ETF held in the Fund’s portfolio. See also “<b>ETF
Structure Risk</b>” above.</td></tr></table></div><div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargeCapSecuritiesRiskMember_zRRfWyWqe4Xh">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Large Cap Securities Risk. </b>The value of investments in larger companies may not rise as much as
smaller companies, or larger companies may be unable to respond quickly to competitive challenges, such as changes in technology and consumer
tastes.</td></tr></table></div><div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--LimitedHistoryOfOperationsRiskMember_z7sppNSW1Ie5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Limited History of Operations Risk. </b>The Fund is a new ETF with a limited history of operations
for investors to evaluate.</td></tr></table></div><div id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketRiskMember_zfQ8cJqsP32g">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Market Risk. </b>The increasing interconnectivity between global economies and financial markets increases
the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different region or financial
market. Securities in the Tactical Risk Fund’s portfolio may underperform due to inflation (or expectations for inflation), interest
rates, global demand for particular products or resources, natural disasters, pandemics, epidemics, wars, terrorism, tariffs, trade wars,
regulatory events and governmental or quasi-governmental actions. The occurrence of global events similar to those in recent years may
result in market volatility and may have long term effects on the U.S. financial market.</td></tr></table></div><div id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--MidCapSecuritiesRiskMember_zqhLS4uxaFhc">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Mid Cap Securities Risk. </b>The securities of mid cap companies generally trade in lower volumes and
are generally subject to greater and less predictable price changes than the securities of larger capitalization companies.</td></tr></table></div><div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--ModelingRiskMember_zisQXazcFPZ7">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol; font-weight: normal">·</span></td><td style="text-align: justify"><b>Modeling Risk. </b>The Adviser uses quantitative models in an effort to enhance returns and manage
risk. Any imperfections, errors or limitations in these models could limit any benefit to the Fund from the use of the models or could
result in incorrect outputs or in investment outcomes different from or opposite to those expected or desired by the Adviser. There can
be no assurance that the models will behave as expected in all market conditions. In addition, computer programming used to create quantitative
models, or the data on which such models operate, might contain one or more errors.</td></tr></table></div><div id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--SectorRiskMember_zVqk096HdWle">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Sector Risk. </b>Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may be overweight in certain sectors at various
times prior to quarterly rebalancing as a result of market movement.</td></tr></table></div><div id="xdx_A88_eoef--RiskTextBlock_hoef--RiskAxis__custom--SmallCapSecuritiesRiskMember_zOFRPWgsUWce">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Small Cap Securities Risk. </b>The risk that the securities of small-cap companies may be more volatile
and less liquid than the securities of companies with larger market capitalizations. These small-cap companies may not have the management
experience, financial resources, product diversification and competitive strengths of large or mid-cap companies, and, therefore, their
securities tend to be more volatile than the securities of larger, more established companies. Small capitalization companies may also
have a narrower geographic and product/service focus and be less well known to the investment community, resulting in more volatile share
prices and a lack of market liquidity.</td></tr></table></div>
<div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--ActiveManagementRiskMember_zO9Fi3TYZJHh">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Active Management Risk. </b>The Adviser’s judgments about the growth, value or potential appreciation
of an investment may prove to be incorrect or fail to have the intended results, which could adversely impact the Fund’s performance
and cause it to underperform relative to other funds with similar investment goals or relative to its benchmark, or not to achieve its
investment goal.</td></tr></table></div>
<div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--EarlyCloseTradingHaltRiskMember_zzYKbwF7J3zj">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Early Close/Trading Halt Risk. </b>An exchange or market may close or impose a market trading halt
or issue trading halts on specific securities, or the ability to buy or sell certain securities or financial instruments may be restricted,
which may prevent the Fund from buying or selling certain securities or financial instruments. In these circumstances, the Fund may be
unable to rebalance its portfolio, may be unable to accurately price its investments and may incur substantial trading losses.</td></tr></table></div>
<p id="xdx_A83_eoef--RiskTextBlock_hoef--RiskAxis__custom--ETFStructureRiskMember_gRBRTB-IQRV_zAJ1XfjzEjmf" style="font: 10pt Open Sans; margin: 8pt 0 0 0.5in; text-align: left; text-indent: -0.25in"><b>ETF Structure Risk. </b>The Fund is
structured as an ETF and as a result is subject to the special risks, including:</p><div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--AuthorizedParticipantRiskMember_zEVouGQBmJmh"></div><div id="xdx_C00_gRBRTB-SBEXDN_zceWgQjpY4a4"><div id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--NotIndividuallyRedeemableMember_zdnayzL8dlf5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Not Individually Redeemable. </b>Shares are not individually redeemable to retail investors and may
be redeemed only by the ETF only to Authorized Participants at NAV in large blocks known as “Creation Units.” An Authorized
Participant may incur brokerage costs purchasing enough Shares to constitute a Creation Unit.</td></tr></table></div></div><div id="xdx_C00_gRBRTB-SBEXDN_zl70G6G7aX4l"><div id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--TradingIssuesMember_zxlWflOtSxDj">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Trading Issues. </b>An active trading market for the Shares may not be developed or maintained. Trading
in Shares on NASDAQ (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange,
make trading in Shares inadvisable, such as extraordinary market volatility. There can be no assurance that Shares will continue to meet
the listing requirements of the Exchange, which may result in the trading of the Shares being suspended or the Shares being delisted.
An active trading market for the Shares may not be developed or maintained. If the Shares are traded outside a collateralized settlement
system, the number of financial institutions that can act as Authorized Participants that can post collateral on an agency basis is limited,
which may limit the market for the Shares.</td></tr></table></div></div><div id="xdx_C0F_gRBRTB-SBEXDN_za78InDF2Cf"><div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketPriceVarianceRiskMember_znaJqdFmDuS5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Market Price Variance Risk. </b>The market prices of Shares will fluctuate in response to changes in
NAV and supply and demand for Shares and will include a “bid ask spread” charged by the exchange specialists, market makers
or other participants that trade the particular security.</td></tr></table></div></div><div id="xdx_C01_gRBRTB-SBEXDN_zTk4aYJ9916e">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">In times of market stress, market makers may step away from their role market making in the Shares of
ETFs and in executing trades, which can lead to differences between the market value of Shares and an ETF’s NAV.</td></tr></table></div><div id="xdx_C08_gRBRTB-SBEXDN_zohKJ4L7e6vc">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">The market price of the Shares may deviate from an ETF’s NAV, particularly during times of market
stress, with the result that investors may pay significantly more or significantly less for Shares than an ETF’s NAV, which is reflected
in the bid and ask price for Shares or in the closing price.</td></tr></table></div><div id="xdx_C0E_gRBRTB-SBEXDN_zkp7mNJRpOT7">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">When all or a portion of an ETFs underlying securities trade in a market that is closed when the market
for the Shares is open, there may be changes from the last quote of the closed market and the quote from an ETF’s domestic trading
day, which could lead to differences between the market value of the Shares and an ETF’s NAV.</td></tr></table></div><div id="xdx_C01_gRBRTB-SBEXDN_zgi57wo9vcR6">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">In stressed market conditions, the market for the Shares may become less liquid in response to the deteriorating
liquidity of an ETF’s portfolio. This adverse effect on the liquidity of the Shares may, in turn, lead to differences between the
market value of the Shares and an ETF’s NAV.</td></tr></table>
</div>
<div id="xdx_A89_eoef--RiskTextBlock_hoef--RiskAxis__custom--AuthorizedParticipantRiskMember_zEVouGQBmJmh"></div><table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Authorized Participant Risk. </b>Only an Authorized Participant may engage in creation or redemption
transactions directly with the Fund. The Fund has a limited number of institutions that may act as Authorized Participants on an agency
basis (i.e., on behalf of other market participants). To the extent that Authorized Participants exit the business or are unable to proceed
with creation or redemption orders with respect to the Fund and no other Authorized Participant is able to step forward to create or redeem
Creation Units, Fund shares may be more likely to trade at a premium or discount to net asset value and possibly face trading halts or
delisting. Authorized Participant concentration risk may be heightened for exchange traded funds (“ETFs”) that invest in non-U.S.
securities or other securities or instruments that have lower trading volumes.</td></tr></table>
<div id="xdx_A8F_eoef--RiskTextBlock_hoef--RiskAxis__custom--NotIndividuallyRedeemableMember_zdnayzL8dlf5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Not Individually Redeemable. </b>Shares are not individually redeemable to retail investors and may
be redeemed only by the ETF only to Authorized Participants at NAV in large blocks known as “Creation Units.” An Authorized
Participant may incur brokerage costs purchasing enough Shares to constitute a Creation Unit.</td></tr></table></div>
<div id="xdx_A86_eoef--RiskTextBlock_hoef--RiskAxis__custom--TradingIssuesMember_zxlWflOtSxDj">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Trading Issues. </b>An active trading market for the Shares may not be developed or maintained. Trading
in Shares on NASDAQ (the “Exchange”) may be halted due to market conditions or for reasons that, in the view of the Exchange,
make trading in Shares inadvisable, such as extraordinary market volatility. There can be no assurance that Shares will continue to meet
the listing requirements of the Exchange, which may result in the trading of the Shares being suspended or the Shares being delisted.
An active trading market for the Shares may not be developed or maintained. If the Shares are traded outside a collateralized settlement
system, the number of financial institutions that can act as Authorized Participants that can post collateral on an agency basis is limited,
which may limit the market for the Shares.</td></tr></table></div>
<div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketPriceVarianceRiskMember_znaJqdFmDuS5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.75in"></td><td style="width: 0.25in"><span style="font-family: Courier New, Courier, Monospace">o</span></td><td style="text-align: justify"><b>Market Price Variance Risk. </b>The market prices of Shares will fluctuate in response to changes in
NAV and supply and demand for Shares and will include a “bid ask spread” charged by the exchange specialists, market makers
or other participants that trade the particular security.</td></tr></table></div><div id="xdx_C0A_gRBRTB-IQRV_zpg8ZOFUd2l8"><div id="xdx_C01_gRBRTB-SBEXDN_zTk4aYJ9916e">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">In times of market stress, market makers may step away from their role market making in the Shares of
ETFs and in executing trades, which can lead to differences between the market value of Shares and an ETF’s NAV.</td></tr></table></div></div>
<div id="xdx_C03_gRBRTB-IQRV_z7Y6XhxIWsed"><div id="xdx_C08_gRBRTB-SBEXDN_zohKJ4L7e6vc">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">The market price of the Shares may deviate from an ETF’s NAV, particularly during times of market
stress, with the result that investors may pay significantly more or significantly less for Shares than an ETF’s NAV, which is reflected
in the bid and ask price for Shares or in the closing price.</td></tr></table></div></div>
<div id="xdx_C0A_gRBRTB-IQRV_zIGJnGAsiQF9"><div id="xdx_C0E_gRBRTB-SBEXDN_zkp7mNJRpOT7">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">When all or a portion of an ETFs underlying securities trade in a market that is closed when the market
for the Shares is open, there may be changes from the last quote of the closed market and the quote from an ETF’s domestic trading
day, which could lead to differences between the market value of the Shares and an ETF’s NAV.</td></tr></table></div></div>
<div id="xdx_C0F_gRBRTB-IQRV_zmlzRQoCglq7"><div id="xdx_C01_gRBRTB-SBEXDN_zgi57wo9vcR6">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 1.25in"></td><td style="width: 0.25in"><span style="font-family: Wingdings">§</span></td><td style="text-align: justify">In stressed market conditions, the market for the Shares may become less liquid in response to the deteriorating
liquidity of an ETF’s portfolio. This adverse effect on the liquidity of the Shares may, in turn, lead to differences between the
market value of the Shares and an ETF’s NAV.</td></tr></table>
</div></div>
<div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--EquitySecuritiesRiskMember_z3TUWeotjgJi">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Equity Securities Risk. </b>Fluctuations in the value of equity securities held by the Fund will cause
the net asset value (“NAV”) of the Fund and the price of its shares (“Shares”) to fluctuate. Common stock of an
issuer may decline in price if the issuer fails to make anticipated dividend payments. Common stock will be subject to greater dividend
risk than preferred stocks or debt instruments of the same issuer. In addition, common stocks have experienced significantly more volatility
in returns than other asset classes.</td></tr></table></div>
<div id="xdx_A8C_eoef--RiskTextBlock_hoef--RiskAxis__custom--InvestingInETFsRiskMember_zXUatPx1dmQ5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span id="a_Hlk68687751"></span><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Investing in ETFs Risk. </b><span id="a_Hlk123907442"></span>ETFs may trade in the secondary market at
prices below the value of their underlying portfolios and may not be liquid. ETFs held in the Fund’s portfolio that track an index
are subject to tracking error and may be unable to sell poorly performing assets that are included in their index or other benchmark.
ETFs held in the Fund’s portfolio are also subject to investment advisory and other expenses, which will be indirectly paid by the
Fund. The Fund may also be subject to certain other risks specific to each ETF held in the Fund’s portfolio. See also “<b>ETF
Structure Risk</b>” above.</td></tr></table></div>
<div id="xdx_A8E_eoef--RiskTextBlock_hoef--RiskAxis__custom--LargeCapSecuritiesRiskMember_zRRfWyWqe4Xh">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Large Cap Securities Risk. </b>The value of investments in larger companies may not rise as much as
smaller companies, or larger companies may be unable to respond quickly to competitive challenges, such as changes in technology and consumer
tastes.</td></tr></table></div>
<div id="xdx_A8B_eoef--RiskTextBlock_hoef--RiskAxis__custom--LimitedHistoryOfOperationsRiskMember_z7sppNSW1Ie5">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Limited History of Operations Risk. </b>The Fund is a new ETF with a limited history of operations
for investors to evaluate.</td></tr></table></div>
<div id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--MarketRiskMember_zfQ8cJqsP32g">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Market Risk. </b>The increasing interconnectivity between global economies and financial markets increases
the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different region or financial
market. Securities in the Tactical Risk Fund’s portfolio may underperform due to inflation (or expectations for inflation), interest
rates, global demand for particular products or resources, natural disasters, pandemics, epidemics, wars, terrorism, tariffs, trade wars,
regulatory events and governmental or quasi-governmental actions. The occurrence of global events similar to those in recent years may
result in market volatility and may have long term effects on the U.S. financial market.</td></tr></table></div>
<div id="xdx_A82_eoef--RiskTextBlock_hoef--RiskAxis__custom--MidCapSecuritiesRiskMember_zqhLS4uxaFhc">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Mid Cap Securities Risk. </b>The securities of mid cap companies generally trade in lower volumes and
are generally subject to greater and less predictable price changes than the securities of larger capitalization companies.</td></tr></table></div>
<div id="xdx_A80_eoef--RiskTextBlock_hoef--RiskAxis__custom--ModelingRiskMember_zisQXazcFPZ7">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol; font-weight: normal">·</span></td><td style="text-align: justify"><b>Modeling Risk. </b>The Adviser uses quantitative models in an effort to enhance returns and manage
risk. Any imperfections, errors or limitations in these models could limit any benefit to the Fund from the use of the models or could
result in incorrect outputs or in investment outcomes different from or opposite to those expected or desired by the Adviser. There can
be no assurance that the models will behave as expected in all market conditions. In addition, computer programming used to create quantitative
models, or the data on which such models operate, might contain one or more errors.</td></tr></table></div>
<div id="xdx_A8D_eoef--RiskTextBlock_hoef--RiskAxis__custom--SectorRiskMember_zVqk096HdWle">
<table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Open Sans; margin-top: 8pt; margin-bottom: 0"><tr style="vertical-align: top">
<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Sector Risk. </b>Sector risk is the possibility that all stocks within the same group of industries
will decline in price due to sector-specific market or economic developments. The Fund may be overweight in certain sectors at various
times prior to quarterly rebalancing as a result of market movement.</td></tr></table></div>
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<td style="width: 0.25in"></td><td style="width: 0.25in"><span style="font-family: Symbol">·</span></td><td style="text-align: justify"><b>Small Cap Securities Risk. </b>The risk that the securities of small-cap companies may be more volatile
and less liquid than the securities of companies with larger market capitalizations. These small-cap companies may not have the management
experience, financial resources, product diversification and competitive strengths of large or mid-cap companies, and, therefore, their
securities tend to be more volatile than the securities of larger, more established companies. Small capitalization companies may also
have a narrower geographic and product/service focus and be less well known to the investment community, resulting in more volatile share
prices and a lack of market liquidity.</td></tr></table></div>
Performance.
<p id="xdx_A8E_eoef--PerformanceNarrativeTextBlock_zPwnUeSz9EXg" style="font: 10pt Open Sans; margin: 0; text-align: justify"><span id="xdx_901_eoef--PerformanceOneYearOrLess_c20260625__20260625__dei--LegalEntityAxis__custom--S000097065Member_z66dBGZGnv79">Because the Fund had not commenced investment operations
prior to the date of this prospectus, no performance information is presented for the Fund at this time.</span> In the future, performance information
will be presented in this section of the Prospectus. Also, shareholder reports containing financial and performance information will be
mailed to shareholders semi-annually. Updated performance information will be available at no cost at <span id="xdx_905_eoef--PerformanceAvailabilityWebSiteAddress_c20260625__20260625__dei--LegalEntityAxis__custom--S000097065Member_zTBDqNGR2py2">www.PeakSharesFunds.com</span>
or by calling <span id="xdx_904_eoef--PerformanceAvailabilityPhone_c20260625__20260625__dei--LegalEntityAxis__custom--S000097065Member_zl4K1cKekVQg">877-57-PEAKS</span>. In the future, performance information will be presented in this section of the Prospectus.</p>
Because the Fund had not commenced investment operations
prior to the date of this prospectus, no performance information is presented for the Fund at this time.
www.PeakSharesFunds.com
877-57-PEAKS