Investors should carefully consider the investment objectives, risks, charges, and expenses of the Funds before investing. The prospectus contains this and other information. Please read the prospectus carefully before investing.
Market Risk. The market price of instruments owned by a Fund may go up or down, sometimes rapidly or unpredictably. Investing involves risk, including possible loss of principal.
Equity Securities Risk. Equity prices may fall over short or extended periods of time. Historically, the equity markets have moved in cycles, and the value of equity securities may fluctuate from day to day.
Passive Strategy/Index Risk. Each Fund is managed with a passive investment strategy, attempting to track the performance of a rules-based index regardless of the current or projected performance of that index or of its constituent securities. As a result, a Fund's performance may be less favorable than that of a portfolio managed using an active investment strategy.
Non-Diversification Risk. Each Fund is non-diversified and may invest a greater percentage of its assets in a particular issuer, increasing the risk that its value could decline because of the poor performance of a single investment or limited number of investments.
ETF Structure Risk. Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Brokerage commissions will reduce returns. There can be no assurance that an active secondary trading market will develop or be maintained.
New Fund Risk. Each Fund is recently organized with a limited operating history. As a result, prospective investors do not have a track record or history on which to base their investment decisions.
Fund-Specific Risks. Each Fund is subject to additional risks particular to its strategy, including concentration in the insurance industry and exposure to precious metals, digital assets, and fixed income. Please review each Fund's page and prospectus for its complete risk disclosure.
For a prospectus with this and other information about the Fund, please contact us. Please read the prospectus carefully before investing.