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Defiance ETFs acts as an investment adviser to certain exchange-traded funds (”ETFs”) and holds economic interests in additional ETFs for which it does not serve as an investment adviser. Adviser Role: For ETFs where Defiance ETFs serves as the investment adviser, Defiance ETFs provides investment management services. These ETFs include UFOX, QTUM, JEDI, YBMN, RKNG, and ASD. Economic Interest: For ETFs in which Defiance ETFs holds an economic interest but does not act as the investment adviser, Defiance ETFs may derive financial benefits related to its economic interest. These ETFs include QQQY, WDTE, IWMY, USOY, SPYT, QQQT, MSTX, SMST, SMCX, AVGX, LLYX, NVOX, XMAG, RIOX, SOFX, ORCX, IONX, HIMZ, RKLX, HOOX, RGTX, SMCZ, GLDY, MST, CVNX, PLTZ, SOUX, IONZ, OKLL, VSTL, AIPO, DKNX, QPUX, ANEL, QLDY, OSCX, QBTZ, RGTZ, LMNX, IRE, QSU, MPL, AVXX, HOOZ, BMNZ, DAMD, RKLZ, STSM, BU, OKLS, ONDL, KEEX, PLU, RKTL, LUNL, LNOK, RCAX, ZETX, MRNX, ASTN, COPZ, DRNL, SPCL, STXL, AMA, POEL, XOVL, AMKL, AMPU, ASTY, OSSL, WYFL, INFH, VELL, MUZ, and QTUP.
For more information, please refer to the prospectus and statement of additional information of the respective ETF or call 833.333.9383.
The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
ABOUT DEFIANCE: Defiance Group Holdings, LLC (“Defiance”) is the parent holding company of Defiance ETFs, LLC (“DE”), and Defiance Analytics, LLC (”DA”). DE is registered with the U.S. Securities and Exchange Commission (“SEC”) as an investment adviser and manages proprietary exchange-traded funds (“Defiance ETFs”).
Important Disclosures:
The Funds’ investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectuses contain this and other important information about the investment company. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 833.333.9383.
Investing in a leveraged or inverse fund involves significant risk, including possible loss of principal. Leveraged and inverse funds are for sophisticated investors that can monitor the investment as frequently as daily. An investor in leveraged or inverse funds could potentially lose the full value of their investment within a single day. ETFs that invest in options and futures of a specific reference stock, are not direct investments in the reference company stock.
Past performance is no guarantee of future results. High ratings does not assure favorable performance.
Risk Considerations:
Investing involves risk. Principal loss is possible. As an ETF, the funds may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.
It is not possible to invest directly in an index.
The Defiance ETFs are distributed by Foreside Fund Services, LLC. and are not affiliated with the other entities mentioned in this communication
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