The bar chart below shows how the Fund’s investment results have varied from year to year. The table below shows how the Fund’s average annual total returns compare over time to those of a broad-based securities market index. This information provides some indication of the risks of investing in the Fund. Past performance of the Fund is no guarantee of how it will perform in the future.
Highest/Lowest quarterly results during this time period were:
Best Quarter: Fourth Quarter 11.62%
Worst Quarter: Second Quarter (9.66)%
The Fund’s year to date return as of June 30, 2026 was 4.53%.
| Absolute Select ETF | 1 Year | 5 Years | Since Inception (January 21, 2020) |
| Return Before Taxes | 15.09% | 8.64% | 7.65% |
| Return After Taxes on Distributions | 14.75% | 8.25% | 7.28% |
| Return After Taxes on Distributions and Sale of Fund Shares | 9.17% | 6.75% | 5.97% |
|
S&P 500 Total Return Index1 (reflects no deductions for fees, expenses and taxes) |
17.88% | 14.42% | 14.68% |
| 1- | The S&P 500 Total Return Index is a market capitalization weighted index of 500 leading publicly traded companies in the U.S. The index is a widely recognized unmanaged index of equity securities and is representative of a broader domestic equity market and range of securities than is found in the Fund’s portfolio. Individuals cannot invest directly in an index; however, an individual can invest in exchange-traded funds or other investment vehicles that attempt to track the performance of a benchmark index. |
After-tax returns are calculated using the historical highest individual federal income tax rates and do not reflect the impact of state and local taxes. Actual after-tax returns depend on an investor’s tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or IRAs. The index returns presented above assume reinvestment of all distributions and exclude the effect of taxes and fees (if expenses and taxes were deducted, the actual returns of the indices would be lower).
Current performance of the Fund may be lower or higher than the performance quoted above. Performance data current to the most recent month end may be obtained by calling 1-833-267-3383.