Bridges Capital Tactical ETF

Active Index Investing to Bridge the Gap of Volatility

Methodology

The Fund is an actively managed, diversified exchange-traded fund (“ETF”) that seeks to achieve its investment objective by investing in a blend of passively managed U.S. equity index ETFs, large-capitalization equity securities and cash or cash equivalents. The Fund will generally hold 5 to 20 investments selected from a universe that includes large-capitalization U.S. equity securities and passively managed index ETFs tracking U.S. small-, mid- and large-capitalization equity indexes (the “Indexes”).

The Sub-Adviser will deduct for overlap between indexes and remove some names based on its proprietary valuation and volatility analysis. The Sub-Adviser will then filter these companies based on its analysis of company growth opportunities, volatility, and downside risk to select the large-capitalization U.S. equity securities for the Fund. Under normal circumstances, the Fund primarily invests in common stocks and shares of ETFs that invest primarily in common stocks or cash-equivalents. The Fund seeks to provide capital appreciation with a focus on capital preservation during periods determined by the Sub-Adviser to pose greater risk of overall market drawdowns. To identify portfolio investments, the Sub-Adviser has developed a proprietary multi-step investment process.

Fund Objective

Bridges Capital Tactical ETF seeks to provide capital appreciation.

Fund Documents

Fund Details

* Estimated Affiliated Fund Fee. This fee changes based on the dynamic allocation of the Fund holdings. The actual realized affiliated fund fee may be different.

NAV and Market Price

NAV is the sum of all assets less any liabilities, divided by the number of shares outstanding.

Historical Performance

Month-End Performance

Quarter-End Performance

Performance quoted represents past performance and does not guarantee future results. Investment return and principal value will fluctuate so shares may be worth more or less when redeemed or sold. Current performance may be lower or higher than that 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. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. YTD is year-to-date and ITD is inception-to-date.

Historical Premium / Discount

Fund Distributions

Fund Holdings

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