This ETF is different from traditional ETFs. Traditional ETFs tell the public what assets they hold each day. This ETF will not. This may create additional risks for your investment. For example: You may have to pay more money to trade an ETF's shares. This ETF will provide less information to traders, who tend to charge more for trades when they have less information. The price you pay to buy ETF shares on an exchange may not match the value of the ETF's portfolio. The same is true when you sell shares. These price differences may be greater for this ETF compared to other ETFs because this ETF provides less information to traders. These additional risks may be even greater in bad or uncertain market conditions. The SGI Dynamic Tactical ETF will publish on its website each day a “Proxy Portfolio” designed to help trading in shares of the ETF. While the Proxy Portfolio includes some of the ETF's holdings, it is not the ETF's actual portfolio. The differences between this ETF and other ETFs may also have advantages. By keeping certain information about an ETF portfolio secret, this ETF may face less risk that other traders can predict or copy its investment strategy. This may improve the ETF's performance. If other traders are able to copy or predict an ETF's investment strategy, however, this may hurt the ETF's performance. For additional information regarding the unique attributes and risks of this ETF, see the Prospectus .

AN ACTIVELY MANAGED PORTFOLIO OF UNDERLYING FUNDS IN U.S., FOREIGN, AND EMERGING MARKETS ACROSS EQUITIES OF ALL SIZES.

DAILY PERFORMANCE

as of 2023-05-26

NAV

PRICE

$ Change

$25.25

$25.26

% Change

0.75%

0.76%

KEY FACTS

as of 2023-05-26

Inception Date

03/30/2023

Ticker

DYTA

Primary Exchange

NASDAQ

CUSIP

74933W577

Net Assets

87734327.24

Premium/Discount¹

0.05%

30-Day Median²
Bid/Ask Spread

0.16%

FUND DOCUMENTS

Fact Sheet >

Annual Report >

Semi-annual Report >

SAI >

Prospectus >

Distributions >

Q1 Holdings >

Q3 Holdings >

OBJECTIVE

Long-term capital appreciation.

DYTA: AN ACTIVE SEMI-TRANSPARENT ETF

As part of an evolution of the ETF space, semi-transparent ETFs disclose holdings quarterly, like a mutual fund. This allows potential for greater alpha³ to be generated by our proprietary portfolio trading strategy. Unlike traditional ETFs, we do not reveal our insights and decisions daily, minimizing the potential for other traders to engage in practices that may potentially harm the Fund and its shareholders.

Like all ETFs, DYTA offers daily liquidity, is tax-efficient and has competitive expenses.

STRATEGY

We seek to fully participate in rising equity markets, reducing risk when fundamental and quantitative signals identify weakness within various asset classes or sectors. As that occurs, we will tactically alternate allocations among the underlying funds to seek lower volatility than the S&P 500 Index.

RISK MITIGATION

We continually review idiosyncratic risks associated with each stock and may sell if we deem these risks to be elevated due to sustainability, governance issues, negative exclusionary screening, or legal risks or if the risk/ return characteristics decline.

PERFORMANCE%

as of 2023-04-30

NAV

N/A

1.54

Market

N/A

*Inception 03/30/2023; Expense Ratio 0.95%

Performance greater than one year is annualized.

The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. You cannot invest directly in an index. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns.

HOLDINGS%

as of 2023-05-26

Name

Market Value

ISHARES TR CORE US AGGBD ET

AGG

464287226

190

15.09%

$18,538.30

ISHARES TR CORE MSCI EAFE

IEFA

46432F842

2.96%

$3,636.36

ISHARES TR ISHS 5-10YR INVT

IGIB

464288638

3.27%

$4,019.20

ISHARES TR CORE S&P SCP ETF

IJR

464287804

7.28%

$8,938.55

INVESCO ACTVELY MNGD ETC FD TR OPTIMUM YIELD

PDBC

46090F100

462

5.15%

$6,329.40

PGIM ETF TR PGIM ULTRA SH BD

PULS

69344A107

461

18.50%

$22,722.69

INVESCO QQQ TR UNIT SER 1

QQQ

46090E103

10.21%

$12,542.40

SCHWAB STRATEGIC TR US DIVIDEND EQ

SCHD

808524797

4.01%

$4,930.10

RBB FD INC SGI US LARGE CAP

SGLC

74933W593

491

10.39%

$12,761.09

ISHARES TR MSCI USA SMCP MN

SMMV

46435G433

220

6.00%

$7,365.60

SPDR SER TR PORTFOLIO S&P500

SPLG

78464A854

130

5.23%

$6,423.30

SPDR SER TR PORTFOLIO LN TSR

SPTL

78464A664

204

4.89%

$6,001.68

ISHARES TR MSCI USA MIN VOL

USMV

46429B697

120

7.01%

$8,612.40

ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.

HISTORICAL PREMIUM/DISCOUNT

Definitions

¹Premium/Discount If the price of the ETF is trading above its NAV, the ETF is said to be trading at a “premium.” Conversely, if the price of the ETF is trading below its NAV, the ETF is said to be trading at a “discount.” In relatively calm markets, ETF prices and NAV generally stay close.

²30 Day Median Spread % A calculation of Fund's median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the nationalbest bid and national best offer; and identifying the median of those values.

³Alpha is typically used to represent the value added or subtracted by active investment management strategies. It shows how an actively managed investment portfolio performed compared with the expected portfolio returns produced simply by benchmark volatility (beta) and market changes. A positive alpha shows that an investment manager has been able to capture more of the upside movement in the benchmark while softening the downswings. A negative alpha means that the manager's strategies have caught more benchmark downside than upside.

Important Risk Information

Carefully consider the Fund's investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in The SGI Dynamic Tactical ETF's prospectus. Read the prospectus carefully before investing.

Diversification does not eliminate the risk of experiencing investment loss.

Investing involves risk, including possible loss of principal. The Fund is a newly organized, diversified management investment company with no operating history. To the extent the Fund invests in Underlying Funds that invest in fixed income securities, the Fund will be subject to fixed income securities risks. While fixed income securities normally fluctuate less in price than stocks, there have been extended periods of increases in interest rates that have caused significant declines in fixed income securities prices. To the extent that a Fund invests in Underlying Funds that invest in high-yield securities and unrated securities of similar credit quality (commonly known as “junk bonds”), the Fund may be subject to greater levels of interest rate and credit risk than funds that do not invest in such securities. Small-cap companies that the Underlying Funds may invest in may be more volatile than, and not as readily marketable as, those of larger companies. Small companies may also have limited product lines, markets or financial resources and may be dependent on relatively small or inexperienced management groups. Underlying Funds that invest in foreign securities may be subject to special risks, including, but not limited to, currency exchange rate volatility, political, social or economic instability, less publicly available information, less stringent investor protections and differences in taxation, auditing and other financial practices. Investments in emerging market securities by Underlying Funds are subject to higher risks than those in developed countries because there is greater uncertainty in less established markets and economies. To the extent the Fund invests in Underlying Funds that focus their investments in a particular industry or sector, the Fund's shares may be more volatile and fluctuate more than shares of a fund investing in a broader range of securities.

ESG investing risk is the risk stemming from the ESG factors that some Underlying Funds may apply in selecting securities. Some Underlying Funds may screen out particular companies that do not meet their ESG criteria. This may affect the Underlying Funds' and the Fund's exposure to certain companies or industries and cause the Underlying Funds to forego certain investment opportunities. The Underlying Funds' results may be lower than other funds that do not use ESG ratings and/or screen out certain companies or industries. Certain Underlying Funds may screen out companies that they believe may have higher downside risk and lower ESG ratings, but investors may differ in their views of ESG characteristics. As a result, the Underlying Funds may invest in companies that do not reflect the beliefs and values of any particular investor.

Distributed by Quasar Distributors, LLC.

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