Returns are monthly total returns.

The performance data quoted represents past performance and does not guarantee future results. 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. Current performance may be higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

Fee Disclosures

• Other Expenses are estimated for the current fiscal year.
• Acquired Fund Fees and Expenses are indirect fees and expenses that the Fund incurs from investing in the shares of other investment companies, and are estimated for the current fiscal year.
• The Merlyn.AI Bull-Rider Bear-Fighter Fund’s (WIZ) investment adviser has contractually agreed to waive up to 35 basis points (0.35%) of its management fee to offset all or a portion of acquired fund fees and expenses. The waiver will remain in effect at least until October 15, 2020. This waiver agreement may be terminated early only by, or with the consent of, the Fund’s Board of Trustees.
• The Merlyn.AI Tactical Growth and Income Fund’s (SNUG) investment adviser has contractually agreed to waive up to 25 basis points (0.25%) of its management fee to offset all or a portion of acquired fund fees and expenses. The waiver will remain in effect at least until October 15, 2020. This waiver agreement may be terminated early only by, or with the consent of, the Fund’s Board of Trustees.
• The Merlyn.AI SectorSurfer Momentum Fund’s (DUDE) investment adviser has contractually agreed to waive 40 basis points (0.40%) of its management fee. The waiver will remain in effect until at least December 30, 2021. This waiver agreement may be terminated early only by, or with the consent of, the Fund’s Board of Trustees.
• The Merlyn.AI Best-of-Breed Core Momentum Fund’s (BOB) investment adviser has contractually agreed to waive up to 35 basis points (0.35%) of its management fee to offset all or a portion of acquired fund fees and expenses. The waiver will remain in effect until at least December 30, 2021. This waiver agreement may be terminated early only by, or with the consent of, the Fund’s Board of Trustees.

Returns are average annualized total returns, except those for periods of less than one year, which are cumulative.

The performance data quoted represents past performance and does not guarantee future results. 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. Current performance may be higher or lower than the performance quoted. Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

Short term performance, in particular, is not a good indication of the ETF’s future performance and an investment should not be made based solely on returns.