Core Alternative Fund Video

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To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, charges and expense before investing. This and other information can be found in the Fund’s full and summary prospectus which may be obtained by calling 800-617-0004 (ETF INFO) or visiting our website at www.corealtfunds.com. Read the prospectus carefully before investing or sending money.

CCOR is actively managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will produce the intended results and no guarantee that the Fund will achieve its investment objective. This could result in the Fund’s underperformance compared to other funds with similar investment objectives.

There is no guarantee that the Fund will achieve its investment goal. Investing involves risk, including the possible loss of principal. There is no guarantee dividends will be paid. Diversification may not protect against market loss. An option premium is the dollar price per share that an option holder pays the option writer for the option privileges. Derivatives are financial instruments that derive their performance from an underlying reference asset, such as an index. Derivatives, such as put options, are often more volatile than other investments and may magnify the Fund’s gains or losses. A small investment in a derivative can have a large impact on the performance of the Fund as derivatives can result in losses in excess of the amount invested. Options used by the Fund to offset its exposure to tail risk or reduce volatility may not perform as intended. There can be no assurance that the Fund’s put option strategy will be effective. The put option strategy may not fully protect the Fund against declines in the value of its portfolio securities.

The Core Alternative ETF is distributed by Quasar Distributors, LLC.

Definitions:

The beta (β) of an investment security (i.e., a stock) is a measurement of its volatility of returns relative to the entire market. It is used as a measure of risk and is an integral part of the Capital Asset Pricing Model (CAPM). A company with a higher beta has greater risk and also greater expected returns.

Put option: A derivative contract provides the purchaser with the right, but not the obligation, to sell the underlying security or index at a predetermined price within a specified time period.