Overview

What can GBGR can do for your portfolio:

Aimed and designed to provide exposure in domestic large cap names with the fastest growing securities.

Seeks to provide an investor with exposure to high growth and strong momentum securities.

Through the screening process, the fund is intended to try and give a better relative valuation than its peers.

Investment Objective

The Global Beta Momentum-Growth ETF seeks to track the performance (before fees and expenses) of the Global Beta Momentum-Growth Factor Index. The index is composed of stocks in the S&P 500 index with the highest sales growth.

Strategy

The Global Beta Momentum-Growth ETF tracks the Global Beta Momentum-Growth Factor Index in an effort to provide investors exposure to high growth and strong momentum securities. Global Beta Advisor’s (”GBA”) partnered with S&P to provide an initial index universe for GBA to apply it's methodology. GBA believes that S&P is a best-in-class index provider, such that GBA's starting universe is already vetted for criteria such as liquidity and quality. The index is designed to reflect the performance of constituents from the S&P 500 with the highest revenue growth in the S&P 500 and re-weighted based on market capitalization. To mitigate concentration risk at the issuer level, GBA caps each individual index constituent at 10% during each quarterly rebalance. GBA's mission is to deliver a strategy that seeks to provide our investors with exposure to high growth and momentum stocks at a better relative valuation.

Global Beta Momentum-Growth ETF Yield

As of 6-30-20

SEC Subsidized Yield
SEC Unsubsidized Yield
Trailing 12-month Yield
Dividend  Distribution Rate
Annualized Distribution Yield

The 30-day SEC Subsidized Yield is computed under an SEC standardized formula based on net income earned over the past 30 days. It is a “subsidized” yield, which means it includes contractual expense reimbursements and it would be lower without those reimbursements. The yield does not represent actual distributions to fund shareholders.

The 30-day SEC Unsubsidized Yield calculation is also computed under the same SEC standardized formula based on net income earned over the past 30 days, but excludes contractual expense reimbursements, resulting in a lower yield. The yield does not represent actual distributions to fund shareholders.

The 12-month trailing yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

Dividend Distribution Rate: The dividend payout ratio is the ratio of the total amount of dividends paid out to shareholders relative to the net income of the company.

Annualized Distribution Yield: The calculation for distribution yields employs the most recent distribution, which may be interest, a special dividend, or a capital gain, and multiplies the payment by 12 to get an annualized total. The annualized total is then divided by the net asset value (NAV) to determine the distribution yield.

Fund Details

As of

As of date

Ticker
CUSIP
Net Assets
Shares Outstanding
NAV
NAV Change Dollars
NAV Change Percentagetest%
Market Price
Market Price Change Dollars
Market Price Change Percentagetest%
Premium/Discounttest%
Median 30 Day Spreadtest%
Fund Inception
7-24-20
Dividends Paid
Quarterly
Performance

As of 7/31/20

Fund NameSince Inception (7/24/20)1 MonthQ2 2020YTD1 Year5 Year10 Year
Global Beta Momentum-Growth ETF NAV1.40
Global Beta Momentum-Growth ETF Market Price1.11
Global Beta Momentum-Growth Index1.38
S&P 500 Index1.13

Monthly Performance

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (833) 933-2083. The gross expense ratio for GBGR is 0.36% and the net expense ratio is .29%.

Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent Global Beta Smart Income ETF performance. It is not possible to invest directly in an index.

As of

Fund NameTicker1 mo.3 mo.6 mo.YTDSince InceptionInception Date
S&P 900SP900

As of 12/27/19

Fund NameTicker135Since Inception

As of 12/27/19

Fund135Since Inception
Global Beta Smart Income

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call 215-531-8234.

The gross expense ratio is 2.59% and the net expense ratio is .29%. Global Beta Advisors LLC (“Adviser”), has agreed to reimburse the Fund during the Fund’s initial six months of operation ending June 27, 2020, for the (i) compensation and expenses of the Independent Trustees, and (ii) fees and expenses of counsel to the Independent Trustees, except for any (a) litigation expenses, and (b) extraordinary or non-routine fees or expenses. Performance would have been lower without the fee reimbursement in effect.

Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that, if reflected, the brokerage commissions would reduce the performance returns. Current performance may be lower or higher than the performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. The fund inception date is generally several days prior to when the fund begins trading. NAV prices are used to calculate market price performance prior to the fund first trading on an exchange. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent Global Beta Smart Income ETF performance. It is not possible to invest directly in an index.

Distributions
Distribution TypePer share DistributionRecord DateEx-Dividend DatePayable Date
Dividend
Composition

As of

As of date

Holdings

*Holdings are subject to change

As of

As of date

Resources

Distributor: Compass Distributors

Momentum-Growth Factor: Fast growing companies that have outperformed in the past and tend to exhibit strong returns going forward.

Global Beta Momentum-Growth Factor Index is composed of stocks in the S&P 500 index with the highest sales growth.

S&P 500 Index is a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or summary prospectus. A copy may be obtained by visiting www.globalbetaetfs.com or calling (833) 933-2083. Please read the prospectus or summary prospectus carefully before investing.

Risk Considerations

Investing involves risk including the possible loss of principal. There can be no guarantee that the Fund will achieve its investment objective. The Funds are subject to the principal investment risks noted below, any of which may adversely affect the Fund’s net asset value (“NAV”), trading price, yield, total return and ability to meet its investment objective.

Non-diversified risk. The Fund is considered “non-diversified” and may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly invested in certain issuers than a diversified fund.

Factor Risk. The fund’s underlying index, and thus the Fund, seeks to achieve specific factor exposures. There can be no assurance that targeting specific factors will enhance the Fund’s performance over time, and targeting exposure to those factors may detract from performance in some market environments.

Growth Securities Risk. The Fund invests in growth securities, which may be more volatile than other types of investments, may perform differently than the market as a whole and may underperform when compared to securities with different investment parameters. Under certain market conditions, growth securities have performed better during the later stages of economic recovery (although there is no guarantee that they will continue to do so). Therefore, growth securities may go in and out of favor over time.

Momentum Securities Risk. Stocks that previously exhibited high momentum characteristics may not experience positive momentum or may experience more volatility than the market as a whole.