Social Media Disclosure

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 and current performance may be lower or higher than the performance quoted. Click here for standardized performance on the Salt High truBeta™ US Market ETF. Click here for standardized performance on the Salt Low truBeta™ US Market ETF. The performance data quoted represents past performance. Past performance does not guarantee future results.

Risks: Investments involve risk. Principal loss is possible. To the extent the Fund(s) invest more heavily in particular sectors of the economy, the Fund performance may be more sensitive to developments that significantly affect those sectors. The Funds are non-diversified and may invest more of its assets in a single issuer or smaller number of issuers than a diversified fund. The Salt High truBeta™ US Market Index and the Salt Low truBeta™ US Market Index rely heavily on proprietary quantitative models as well as information and data supplied by third parties (Models and Data). When such Models and Data prove to be incorrect or incomplete, the Indices and Fund(s) may not perform as expected. The securities in the Indices universe with the highest truBeta are included and the Indices, and consequently the Fund(s), can be expected to be more volatile than the broader U.S. equity market. A stock with a truBeta of 1.00 would be expected to demonstrate a risk and return profile identical to that of the broader U.S. equity market. A stock with a truBeta of more than 1.00 would be expected to be more volatile than the broader U.S. equity market and consequently, exhibit outsized reactions to market events (i.e., outperform the market in a rising market and underperform the market in a declining market). A stock with a truBeta of less than 1.00 would be expected to be less volatile than the broader U.S. equity market and consequently, outperform the market in a declining market and underperform the market in a rising market. A security’s truBeta is based on historical information and may not be indicative of a security’s future profile. As with all index funds, the performance of the Fund and its Index may differ from each other for a variety of reasons. For example, the Fund incurs operating expenses and portfolio transaction costs not incurred by the Index. In addition, the Fund may not be fully invested in the securities of the Index at all times or may hold securities not included in the Index. The Fund has the same risks as the underlying securities traded on the exchange through the day. Redemptions are limited and often commissions are charged on each trade, and ETFs may trade at a premium or discount to their net asset value.

An investor should consider the Fund’s investment objectives, risks, charges and expenses carefully before investing. The prospectus or summary prospectus contain this and other important information about the Fund and are available by clicking here for The Salt High truBeta™ US Market Fund ETF, or here for The Salt Low truBeta™ US Market Fund ETF. A hardcopy can be obtained by calling 646-779-1050. Please read the prospectus or summary prospectus carefully before Investing.

Shares of any ETF are bought and sold at market price (not NAV) and may trade at a discount or premium to NAV. Shares are not individually redeemable from the Fund and may be only be acquired or redeemed from the fund in creation units.

The indices may invest in stocks or REITs issued by companies that may use derivatives, borrowing, or leverage in the course of their operating businesses.

Beta describes the sensitivity of an individual stock to movements in the broader market. The beta coefficient is the slope of the line created by regressing the returns of the individual stock on the returns of the market. Alternatively, beta can be calculated as the ratio of how the stock moves with the market (covariance) to the variance of the market. A stock with an estimated beta of 1.0 tends to vary in the same direction and magnitude as the market. A stock with a beta of 1.2 would be expected to vary 20% more than the market (higher volatility); one with a beta of 0.8 would tend to move 20% less than the market (lower volatility).

The Salt High truBeta™ US Market Index measures the performance of an equal-weighted portfolio of approximately 100 large- and mid-capitalization U.S.-listed stocks with the highest forecasted systematic risk relative to the market (known as “beta”).
The Salt Low truBeta™ US Market Index measures the performance of an equal-weighted portfolio of approximately 100 large- and mid-capitalization U.S.-listed stocks with the stocks with a truBeta score of less than 1.00.

Fund holdings and sector allocations are subject to change at any time and should not be considered a recommendation to buy or sell any security.

To view the Salt High truBeta™ US Market ETF top ten holdings please click here. To view the Salt Low truBeta™ US Market ETF top ten holdings please click here.

You cannot directly invest in an index.

The Salt High truBeta™ US Market Fund ETF and the Salt Low truBeta™ US Market Fund ETF are distributed by Compass Distributors, LLC.

S&P 500: stock market index based on the market capitalizations of 500 large companies having common stock listed on the NYSE or NASDAQ.

CBOE Volatility Index®(VIX®): A measure of market expectations of short term volatility related to the S&P 500 index option prices.

Dow Jones Industrial Average: A measure of 30 large, publicly owned public stocks.

NASDAQ Composite: A measure of common stocks and similar securities that are listed on the NASDAQ stock market.

Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice. References to other funds and securities should not be interpreted as an offer of these securities.

Salt Financial did not contribute financially in order to be considered for this award but was selected independently by {issuer}. The award is based on a number of qualitative and quantitative factors but is not related to the performance of any fund or product offered by Salt. Such award should not be construed as a recommendation to buy or sell any security nor as an indication of any past or present performance. All investments involve risk, including the loss of principal.