QRAFT AI-Enhanced U.S.
High Dividend ETF SUMMARY

DATA AS OF 05/28/2020

Primary Exchange NYSE Arca
Ticker HDIV
CUSIP 30151E772
Net Assets $2,848,399.41
# of Holdings 101
Fund Inception Date 02/27/2020
Expense Ratio 0.75%
Shares Outstanding 125,000

NET ASSET VALUE (NAV)

NAV $22.79
Daily Change ($) $-0.03

MARKET PRICE

Closing Price $22.80
Daily Change ($) $0.03

PREMIUM DISCOUNT

NAV Market Price Premium/Discount
$22.79 $22.80 $0.02

MONTH END PERFORMANCE AS OF 4/30/2020

Cumulative (%) Avg Annualized (%)
1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year Since Inception
Fund NAV 10.46% TBD TBD -10.53% TBD TBD TBD -10.53%
Market Price 10.54% TBD TBD -10.29% TBD TBD TBD -10.29%

QUARTER END PERFORMANCE AS OF 3/31/2020

Cumulative (%) Avg Annualized (%)
1 Month 3 Month YTD Since Inception 1 Year 3 Year 5 Year Since Inception
Fund NAV -14.55% TBD TBD -19.00% TBD TBD TBD -19.00%
Market Price -13.76% TBD TBD -18.84% TBD TBD TBD -18.84%

Performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor`s shares, when redeemed, may be worth more or less than the original cost. Current performance may be lower or higher than the original cost. Returns for periods of less than one year are not annualized. Returns are determined based on the midpoint of the bid/ask spread at 4:00pm Eastern time, when the NAV is typically calculated. Market returns does not represent the returns you would receive if you traded shares at other times.

Market Price: The current price at which shares are bought and sold. Market returns are based upon the midpoint or the last bid/ask spread at 4:00pm Eastern time.

NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.


Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call 1-855-973-7880 or visit our website at www.qraftaietf.com. Read the prospectus or summary prospectus carefully before investing.

The Funds are distributed by Foreside Fund Services, LLC

Investing involves risk, including loss of principal. The Funds are subject to numerous risks including but not limited to: Equity Risk, Sector Risk, Large Cap Risk, Management Risk, and Trading Risk. The Funds rely heavily on a proprietary artificial intelligence selection model as well as data and information supplied by third parties that are utilized by such model. To the extent the model does not perform as designed or as intended, the Fund’s strategy may not be successfully implemented and the Funds may lose value. Additionally, the funds are non-diversified, which means that they may invest more of their assets in the securities of a single issuer or a smaller number of issuers than if they were a diversified fund. As a result, each Fund may be more exposed to the risks associated with and developments affecting an individual issuer or a smaller number of issuers than a fund that invests more widely. A new or smaller fund's performance may not represent how the fund is expected to or may perform in the long term if and when it becomes larger and has fully implemented its investment strategies. Read the prospectus for additional details regarding risks.


QRAFT AI-Enhanced U.S. Large Cap ETF: Companies in the health care sector are subject to extensive government regulation and their profitability can be significantly affected by restrictions on government reimbursement for medical expenses, rising costs of medical products and services, pricing pressure (including price discounting), limited product lines and an increased emphasis on the delivery of health care through outpatient services.

QRAFT AI-Enhanced U.S. Large Cap Momentum ETF: The Fund is subject to the risk that market or economic factors impacting technology companies and companies that rely heavily on technology advances could have a major effect on the value of the Fund’s investments. The value of stocks of technology companies and companies that rely heavily on technology is particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, the loss of patent, copyright and trademark protections, government regulation and competition, both domestically and internationally, including competition from foreign competitors with lower production costs. Technology companies and companies that rely heavily on technology, especially those of smaller, less-seasoned companies, tend to be more volatile than the overall market.

QRAFT AI-Enhanced US High Dividend ETF: Securities that pay dividends, as a group, may be out of favor with the market and underperform the overall equity market or stocks of companies that do not pay dividends. In addition, changes in the dividend policies of the companies held by the Fund or the capital resources available for such company’s dividend payments may adversely affect the Fund. In the event a company reduces or eliminates its dividend, the Fund may not only lose the dividend payout but the stock price of the company may also fall.