The bar chart and performance table below show the variability of the Fund’s returns over time, which is some indication of the risks of investing in the Fund. The bar chart shows performance of the Fund’s shares for each full calendar year since the Fund’s inception. The table illustrates how the Fund’s average annual total returns over time compare with two domestic broad-based market indices. You should be aware that the Fund’s past performance (before and after taxes) may not be an indication of how the Fund will perform in the future. Updated performance information is available at no cost by visiting www.etfs.swanglobalinvestments.com or by calling 1-877-896-2590.
| Best Quarter: | 9/30/2025 | 5.00% |
| Worst Quarter: | 3/31/2025 | -0.47% |
The year-to-date return as of the most recent calendar quarter, which ended September 30, 2026, was 10.36%.
| One
Year |
Since Inception (2/26/2024) | |
| Return before taxes | 10.92% | 12.38% |
| Return after taxes on distributions | 7.48% | 9.73% |
| Return after taxes on distributions and sale of Fund shares | 6.34% | 8.41% |
| S&P
500 Total Return Index(1) (reflects no deduction for fees, expenses or taxes) |
17.88% | 19.22% |
| CBOE S&P 500® BuyWrite Index(2) | 8.91% | 13.65% |
| (1) | The S&P 500 Total Return Index is an unmanaged free-float capitalization-weighted index which measures the performance of 500 large-cap common stocks actively traded in the United States. Index returns assume reinvestment of dividends. Investors may not invest in the index directly. Unlike the Fund’s returns, the index does not reflect any fees or expenses. |
| (2) | The CBOE S&P 500® BuyWrite Index is an unmanaged index designed to track the performance of a hypothetical buy-write strategy on the S&P 500 Index®. Index returns assume reinvestment of dividends. Investors may not invest in the index directly. Unlike the Fund’s returns, the index does not reflect any fees or expenses. |
After-tax returns were calculated using the historical highest individual federal marginal 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, and after-tax returns shown are not relevant to investors who hold shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.