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Global Beta ETFs Announces Index and Name Change for the Global Beta Momentum Growth ETF (Ticker: GBGR)

Global Beta ETFs announced today the Global Beta ETFs Board of Trustees has approved an index and name change for the Global Beta Momentum Growth ETF (NYSE Arca: GBGR). Effective December 18, 2020, the Fund name will be change to the Global Beta Rising Stars ETF and the underlying index will become the FactSet Rising Stars Index. The Fund ticker symbol, and CUSIP remain the same, and current shareholders are not required to take any actions as a result of the changes.

What Can GBGR Do For Your Portfolio

Aimed and designed to provide exposure to domestic securities that have demonstrated the largest expansion of market share in the fastest growing technology industries.

Seeks to provide an investor with exposure to rapidly emerging domestic growth securities at relatively attractive valuations.

Through the screening process, the fund intends to provide high growth exposure with better relative valuations than its peers.

Investment Objective

The Global Beta Rising Stars ETF seeks to track the performance (before fees and expenses) of the FactSet Rising Stars Index. The index is composed of stocks listed on the NYSE and Nasdaq that demonstrate the largest expansion of market share in the fastest growing technology industries with better relative valuations than their peers.

Summary Characteristics

# of Securities	101
Market Capitalization	11,666.80
ActiveShare*	97.66
Price/Earnings	22.77
Price/Cash Flow	16.50
Price/Book	3.41
Price/Sales	2.50

As of 9/30/21
*Active Share versus S&P 1500 Composite Index

Fund Details

As of date

Ticker
CUSIP
Net Assets
Shares Outstanding
NAV
NAV Change Dollars
NAV Change Percentage	test%

Market Price
Market Price Change Dollars
Market Price Change Percentage	test%
Premium/Discount	test%
Median 30 Day Spread	test%
Fund Inception	7-24-20
Dividends Paid	Quarterly

Performance

As of 9/30/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	-6.14	-7.93	0.87	7.77	11.72
Global Beta Rising Stars ETF Market Price	-6.07	-7.99	0.91	7.63	11.81
FactSet Rising Stars Net Total Return Index	-6.35	0.58	0.92	33.35	33.24
S&P 1500 Index	-4.56	0.35	16.02	31.38	29.94

As of 8/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	1.71	2.50	7.48	10.12	19.29
Global Beta Rising Stars ETF Market Price	1.81	2.51	7.43	9.95	19.30
FactSet Rising Stars Net Total Return Index	1.71	2.66	7.76	39.02	43.03
S&P 1500 Index	2.95	7.33	21.56	32.43	38.19

As of 7/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	-3.56	0.06	5.66	17.86	19.05
Global Beta Rising Stars ETF Market Price	-3.79	-0.02	5.52	18.10	18.96
FactSet Rising Stars Net Total Return Index	-3.52	0.24	5.95	42.26	44.93
S&P 1500 Index	2.13	4.98	18.07	37.52	37.97

As of 6/30/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	4.49	6.69	9.56		23.92
Global Beta Rising Stars ETF Market Price	4.65	6.72	9.68		24.11
FactSet Rising Stars Net Total Return Index	4.62	6.86	9.81		51.44
S&P 1500 Index	2.08	8.14	15.61		36.05

As of 5/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	-0.71	-3.07	4.85		18.59
Global Beta Rising Stars ETF Market Price	-0.71	-3.28	4.80		18.59
FactSet Rising Stars Net Total Return Index	-0.69	-2.96	4.96		44.75
S&P 1500 Index	0.70	10.56	13.26		33.28

As of 4/30/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	2.84	1.22	5.60		19.44
Global Beta Rising Stars ETF Market Price	2.71	0.90	5.55		19.44
FactSet Rising Stars Net Total Return Index	2.85	1.30	5.69		45.76
S&P 1500 Index	5.19	13.23	12.46		32.35

As of 3/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	-5.07	2.69	2.69		16.14
Global Beta Rising Stars ETF Market Price	-5.16	2.77	2.77		16.29
FactSet Rising Stars Net Total Return Index	-5.00	2.76	2.76		41.72
S&P 1500 Index	4.37	6.91	6.91		25.81

As of 2/28/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	3.68	9.84	8.17		22.34
Global Beta Rising Stars ETF Market Price	3.58	10.19	8.35		22.61
FactSet Rising Stars Net Total Return Index	3.67	21.11	8.17
S&P 1500 Index	3.13	6.65	2.43		20.55

As of 1/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	4.33	16.67	4.33		18.00
Global Beta Rising Stars ETF Market Price	4.61	17.34	4.61		18.37
FactSet Rising Stars Net Total Return Index	4.34	40.29	4.34
S&P 1500 Index	-0.68	15.10	-0.68		16.89

As of 12/31/20

Fund Name	1 Month	QTD	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	1.54	6.84			13.10
Global Beta Rising Stars ETF Market Price	1.70	6.65			13.16
FactSet Rising Stars Net Total Return Index	11.96	36.47
S&P 1500 Index	4.11	13.24			17.68

As of 11/30/20

Fund Name	1 Month	QTD	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	10.14				11.39
Global Beta Rising Stars ETF Market Price	10.30				11.27
Global Beta Rising Stars Index	10.17				11.07
S&P 500 Index	10.95				12.62

As of 10/31/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	-4.46				1.13
Global Beta Rising Stars ETF Market Price	-4.92				0.88
Global Beta Rising Stars Index	-4.43				0.82
S&P 500 Index	-2.66				1.52

As of 9/30/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	-4.10		5.86
Global Beta Rising Stars ETF Market Price	-4.04				6.10
Global Beta Rising Stars Index	-4.44				5.49
S&P 500 Index	-3.80				4.28

As of 8/31/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV	8.86				10.39
Global Beta Rising Stars ETF Market Price	9.35				10.57
Global Beta Rising Stars Index	8.89				10.39
S&P 500 Index	7.19				8.40

As of 7/31/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Rising Stars ETF NAV					1.40
Global Beta Rising Stars ETF Market Price					1.11
Global Beta Rising Stars Index					1.38
S&P 500 Index					1.13

As of 12/18/20, GBGR began tracking the FactSet Rising Stars Index. Prior to that, GBGR tracked the Global Beta Momentum-Growth Index.

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. 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. A Fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. 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.

Insights & Perspectives

GBGR September 2021 Post Rebalance Announcement

Justin Lowry on Why Growth Valuations Matter for FactSet

Read

Downloads

Guide to Trading Low Volume ETFs

Portfolio Construction Guide During High Valuations Brochure

Prospectus

Strategy

The FactSet Rising Stars strategy first navigates the top 3000 securities by market capitalization that are listed on the NYSE and Nasdaq exchanges and vets them for liquidity standards. Next, we look at the securities recent year over year revenue growth rate vs the average annual revenue growth rate they need to achieve over the next decade to justify their current price-to-sales ratios. We then look at the market share growth rate each company has demonstrated year over year within each subindustry, according to “RBICS” classifications, in technology. We then look at the growth rate for each subindustry as a whole for which each company participates in. Lastly, we look at each company’s year over year growth rate of their operating margins. We score each company by each aforementioned pillar, based on those growth rates. The top 100 are selected into the final index and are weighted by those scores relative to each other.

Strategy

Old Fund Name	New Fund Name	CUSIP	Ticker
Global Beta Momentum-Growth ETF	Global Beta Rising Stars ETF	37959X308	GBGR

Global Beta Rising Stars ETF Yield

As of 12-31-20

SEC Subsidized Yield	0.48%
SEC Unsubsidized Yield	0.12%
Trailing 12-month Yield	0.32%
Dividend Distribution Rate	0.05
Annualized Distribution Yield	1.00%

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.

As of

Fund Name	Ticker	1 mo.	3 mo.	6 mo.	YTD	Since Inception	Inception Date


S&P 900	SP900

As of 12/27/19

Fund Name	Ticker	1	3	5	Since Inception

As of 12/27/19

Fund	1	3	5	Since Inception
Global Beta Smart Income	–	–	–	–

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 Type	Per share Distribution	Ex-Dividend Date	Record Date	Payable Date
Dividend	.02	September 16, 2021	September 17, 2021	September 22, 2021

Composition

As of 9-30-21

Holdings

*Holdings are subject to change

As of date

Date	Account	Ticker	CUSIP	SecurityName	Shares	Price	MarketValue	Weightings (%)	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag
31/05/2022	GBGR	ACCD	00437E102	ACCOLADE INC	563	6.47	3,642.61	0.42	864,580	50,000	2
31/05/2022	GBGR	ACLS	054540208	AXCELIS TECHNOLOGIES INC	232	62.39	14,474.48	1.67	864,580	50,000	2
31/05/2022	GBGR	AMKR	031652100	AMKOR TECHNOLOGY INC	359	20.55	7,377.45	0.85	864,580	50,000	2
31/05/2022	GBGR	AMWL	03044L105	AMERICAN WELL CORP	2453	3.86	9,468.58	1.10	864,580	50,000	2
31/05/2022	GBGR	APPS	25400W102	DIGITAL TURBINE INC	287	26.66	7,651.42	0.88	864,580	50,000	2
31/05/2022	GBGR	ATEN	002121101	A10 NETWORKS INC	521	15.79	8,226.59	0.95	864,580	50,000	2
31/05/2022	GBGR	BAND	05988J103	BANDWIDTH INC	245	23.14	5,669.30	0.66	864,580	50,000	2
31/05/2022	GBGR	BE	093712107	BLOOM ENERGY CORP	272	18.28	4,972.16	0.58	864,580	50,000	2
31/05/2022	GBGR	BKE	118440106	BUCKLE INC	406	33.24	13,495.44	1.56	864,580	50,000	2
31/05/2022	GBGR	BLKB	09227Q100	BLACKBAUD INC	108	63.42	6,849.36	0.79	864,580	50,000	2
31/05/2022	GBGR	BOX	10316T104	BOX INC	253	26.81	6,782.93	0.78	864,580	50,000	2
31/05/2022	GBGR	BR	11133T103	BROADRIDGE FINL SOLUTIONS INC COM	71	146.80	10,422.80	1.21	864,580	50,000	2
31/05/2022	GBGR	CALX	13100M509	CALIX INC	230	37.81	8,696.30	1.01	864,580	50,000	2
31/05/2022	GBGR	CARS	14575E105	CARS COM INC	464	10.57	4,904.48	0.57	864,580	50,000	2
31/05/2022	GBGR	CD	16955F107	CHINDATA GROUP HLDGS LTD	2635	7.24	19,077.40	2.21	864,580	50,000	2
31/05/2022	GBGR	CDK	12508E101	CDK GLOBAL INC	156	54.46	8,495.76	0.98	864,580	50,000	2
31/05/2022	GBGR	CERN	156782104	CERNER CORP	80	94.68	7,574.40	0.88	864,580	50,000	2
31/05/2022	GBGR	CHWY	16679L109	CHEWY INC	250	27.11	6,777.50	0.78	864,580	50,000	2
31/05/2022	GBGR	CRNC	156727109	CERENCE INC	351	32.06	11,253.06	1.30	864,580	50,000	2
31/05/2022	GBGR	CRSR	22041X102	CORSAIR GAMING INC	529	16.32	8,633.28	1.00	864,580	50,000	2
31/05/2022	GBGR	CRUS	172755100	CIRRUS LOGIC INC	91	81.38	7,405.58	0.86	864,580	50,000	2
31/05/2022	GBGR	CVLT	204166102	COMMVAULT SYS INC	136	62.30	8,472.80	0.98	864,580	50,000	2
31/05/2022	GBGR	CVNA	146869102	CARVANA CO	118	33.85	3,994.30	0.46	864,580	50,000	2
31/05/2022	GBGR	DBX	26210C104	DROPBOX INC	332	21.13	7,015.16	0.81	864,580	50,000	2
31/05/2022	GBGR	DESP	G27358103	DESPEGAR COM CORP	860	9.33	8,023.80	0.93	864,580	50,000	2
31/05/2022	GBGR	DIOD	254543101	DIODES INC	113	77.39	8,745.07	1.01	864,580	50,000	2
31/05/2022	GBGR	DNB	26484T106	DUN & BRADSTREET HLDGS INC	798	17.48	13,949.04	1.61	864,580	50,000	2
31/05/2022	GBGR	DOMO	257554105	DOMO INC	188	34.29	6,446.52	0.75	864,580	50,000	2
31/05/2022	GBGR	EBAY	278642103	EBAY INC.	221	48.60	10,740.60	1.24	864,580	50,000	2
31/05/2022	GBGR	EBIX	278715206	EBIX INC	187	30.21	5,649.27	0.65	864,580	50,000	2
31/05/2022	GBGR	EPAM	29414B104	EPAM SYS INC	52	340.35	17,698.20	2.05	864,580	50,000	2
31/05/2022	GBGR	EVBG	29978A104	EVERBRIDGE INC	195	42.90	8,365.50	0.97	864,580	50,000	2
31/05/2022	GBGR	EVOP	26927E104	EVO PMTS INC	490	23.40	11,466.00	1.33	864,580	50,000	2
31/05/2022	GBGR	EXTR	30226D106	EXTREME NETWORKS INC	774	10.07	7,794.18	0.90	864,580	50,000	2
31/05/2022	GBGR	FB	30303M102	META PLATFORMS INC	47	195.13	9,171.11	1.06	864,580	50,000	2
31/05/2022	GBGR	FLEX	Y2573F102	FLEX LTD	402	17.15	6,894.30	0.80	864,580	50,000	2
31/05/2022	GBGR	FORM	346375108	FORMFACTOR INC	172	41.95	7,215.40	0.83	864,580	50,000	2
31/05/2022	GBGR	FTCH	30744W107	FARFETCH LTD	697	9.73	6,781.81	0.78	864,580	50,000	2
31/05/2022	GBGR	FUBO	35953D104	FUBOTV INC	1215	3.51	4,264.65	0.49	864,580	50,000	2
31/05/2022	GBGR	GDOT	39304D102	GREEN DOT CORP	399	29.80	11,890.20	1.38	864,580	50,000	2
31/05/2022	GBGR	GPN	37940X102	GLOBAL PMTS INC	98	132.25	12,960.50	1.50	864,580	50,000	2
31/05/2022	GBGR	GPRO	38268T103	GOPRO INC	879	6.99	6,144.21	0.71	864,580	50,000	2
31/05/2022	GBGR	HCAT	42225T107	HEALTH CATALYST INC	430	14.52	6,243.60	0.72	864,580	50,000	2
31/05/2022	GBGR	IAA	449253103	IAA INC	260	38.71	10,064.60	1.16	864,580	50,000	2
31/05/2022	GBGR	IIVI	902104108	II-VI INC	158	62.08	9,808.64	1.13	864,580	50,000	2
31/05/2022	GBGR	IMAX	45245E109	IMAX CORP	544	17.39	9,460.16	1.09	864,580	50,000	2
31/05/2022	GBGR	IT	366651107	GARTNER INC	24	266.59	6,398.16	0.74	864,580	50,000	2
31/05/2022	GBGR	JBL	466313103	JABIL INC	115	61.98	7,127.70	0.82	864,580	50,000	2
31/05/2022	GBGR	JMIA	48138M105	JUMIA TECHNOLOGIES AG	858	7.29	6,254.82	0.72	864,580	50,000	2
31/05/2022	GBGR	KLIC	501242101	KULICKE & SOFFA INDS INC	287	53.37	15,317.19	1.77	864,580	50,000	2
31/05/2022	GBGR	LLNW	53261M104	LIMELIGHT NETWORKS INC	1688	3.64	6,144.32	0.71	864,580	50,000	2
31/05/2022	GBGR	LOVE	54738L109	LOVESAC COMPANY	187	34.42	6,436.54	0.74	864,580	50,000	2
31/05/2022	GBGR	LPSN	538146101	LIVEPERSON INC	430	17.05	7,331.50	0.85	864,580	50,000	2
31/05/2022	GBGR	LRCX	512807108	LAM RESEARCH CORP	23	531.02	12,213.46	1.41	864,580	50,000	2
31/05/2022	GBGR	MDRX	01988P108	ALLSCRIPTS HEALTHCARE SOLUTNS COM	528	16.90	8,923.20	1.03	864,580	50,000	2
31/05/2022	GBGR	MGNI	55955D100	MAGNITE INC	1329	11.27	14,977.83	1.73	864,580	50,000	2
31/05/2022	GBGR	MITK	606710200	MITEK SYS INC	802	9.27	7,434.54	0.86	864,580	50,000	2
31/05/2022	GBGR	MNTV	60878Y108	MOMENTIVE GLOBAL INC	668	12.56	8,390.08	0.97	864,580	50,000	2
31/05/2022	GBGR	MPLN	62548M100	MULTIPLAN CORPORATION	2188	5.38	11,771.44	1.36	864,580	50,000	2
31/05/2022	GBGR	NTCT	64115T104	NETSCOUT SYS INC	352	37.65	13,252.80	1.53	864,580	50,000	2
31/05/2022	GBGR	NTNX	67059N108	NUTANIX INC	351	16.88	5,924.88	0.69	864,580	50,000	2
31/05/2022	GBGR	ONTF	68339B104	ON24 INC	796	12.85	10,228.60	1.18	864,580	50,000	2
31/05/2022	GBGR	ONTO	683344105	ONTO INNOVATION INC	142	82.24	11,678.08	1.35	864,580	50,000	2
31/05/2022	GBGR	PERI	M78673114	PERION NETWORK LTD	512	19.66	10,065.92	1.16	864,580	50,000	2
31/05/2022	GBGR	PLAB	719405102	PHOTRONICS INC	438	21.17	9,272.46	1.07	864,580	50,000	2
31/05/2022	GBGR	POSH	73739W104	POSHMARK INC	525	11.55	6,063.75	0.70	864,580	50,000	2
31/05/2022	GBGR	PRGS	743312100	PROGRESS SOFTWARE CORP	191	48.18	9,201.43	1.06	864,580	50,000	2
31/05/2022	GBGR	QUOT	749119103	QUOTIENT TECHNOLOGY INC	1395	4.30	5,998.50	0.69	864,580	50,000	2
31/05/2022	GBGR	RVLV	76156B107	REVOLVE GROUP INC	191	30.00	5,730.00	0.66	864,580	50,000	2
31/05/2022	GBGR	SAIC	808625107	SCIENCE APPLICATIONS INTL CORP COM	72	86.94	6,259.68	0.72	864,580	50,000	2
31/05/2022	GBGR	SFIX	860897107	STITCH FIX INC	788	8.59	6,768.92	0.78	864,580	50,000	2
31/05/2022	GBGR	SKLZ	83067L109	SKILLZ INC	4197	1.94	8,142.18	0.94	864,580	50,000	2
31/05/2022	GBGR	SNX	87162W100	TD SYNNEX CORPORATION	124	102.62	12,724.88	1.47	864,580	50,000	2
31/05/2022	GBGR	SONO	83570H108	SONOS INC	282	22.11	6,235.02	0.72	864,580	50,000	2
31/05/2022	GBGR	SPOT	L8681T102	SPOTIFY TECHNOLOGY S A	64	112.97	7,230.08	0.84	864,580	50,000	2
31/05/2022	GBGR	SSNC	78467J100	SS&C TECHNOLOGIES HLDGS INC	100	64.56	6,456.00	0.75	864,580	50,000	2
31/05/2022	GBGR	SSTK	825690100	SHUTTERSTOCK INC	78	59.86	4,669.08	0.54	864,580	50,000	2
31/05/2022	GBGR	STX	G7997R103	SEAGATE TECHNOLOGY HLDNGS PLC ORD SHS	119	88.17	10,492.23	1.21	864,580	50,000	2
31/05/2022	GBGR	SUMO	86646P103	SUMO LOGIC INC	819	8.49	6,953.31	0.80	864,580	50,000	2
31/05/2022	GBGR	SWI	83417Q204	SOLARWINDS CORP	988	12.29	12,142.52	1.40	864,580	50,000	2
31/05/2022	GBGR	SWKS	83088M102	SKYWORKS SOLUTIONS INC	70	108.71	7,609.70	0.88	864,580	50,000	2
31/05/2022	GBGR	TGT	87612E106	TARGET CORP	33	167.14	5,515.62	0.64	864,580	50,000	2
31/05/2022	GBGR	TLS	87969B101	TELOS CORP MD	1050	10.12	10,626.00	1.23	864,580	50,000	2
31/05/2022	GBGR	TREE	52603B107	LENDINGTREE INC NEW	66	64.72	4,271.52	0.49	864,580	50,000	2
31/05/2022	GBGR	TSEM	M87915274	TOWER SEMICONDUCTOR LTD	235	48.25	11,338.75	1.31	864,580	50,000	2
31/05/2022	GBGR	TWOU	90214J101	2U INC	757	10.09	7,638.13	0.88	864,580	50,000	2
31/05/2022	GBGR	TWTR	90184L102	TWITTER INC	423	40.17	16,991.91	1.97	864,580	50,000	2
31/05/2022	GBGR	UPLD	91544A109	UPLAND SOFTWARE INC	516	13.23	6,826.68	0.79	864,580	50,000	2
31/05/2022	GBGR	VECO	922417100	VEECO INSTRS INC DEL	374	21.77	8,141.98	0.94	864,580	50,000	2
31/05/2022	GBGR	VIPS	92763W103	VIPSHOP HOLDINGS LIMITED	976	9.11	8,891.36	1.03	864,580	50,000	2
31/05/2022	GBGR	VNET	90138A103	VNET GROUP INC	2328	5.49	12,780.72	1.48	864,580	50,000	2
31/05/2022	GBGR	W	94419L101	WAYFAIR INC	54	59.04	3,188.16	0.37	864,580	50,000	2
31/05/2022	GBGR	WDC	958102105	WESTERN DIGITAL CORP.	165	62.25	10,271.25	1.19	864,580	50,000	2
31/05/2022	GBGR	WIX	M98068105	WIX COM LTD	127	66.81	8,484.87	0.98	864,580	50,000	2
31/05/2022	GBGR	YELP	985817105	YELP INC	268	30.45	8,160.60	0.94	864,580	50,000	2
31/05/2022	GBGR	YEXT	98585N106	YEXT INC	1205	5.17	6,229.85	0.72	864,580	50,000	2
31/05/2022	GBGR	YY	46591M109	JOYY INC	263	40.11	10,548.93	1.22	864,580	50,000	2
31/05/2022	GBGR	Z	98954M200	ZILLOW GROUP INC	167	41.29	6,895.43	0.80	864,580	50,000	2
31/05/2022	GBGR	ZBRA	989207105	ZEBRA TECHNOLOGIES CORPORATION CL A	27	343.53	9,275.31	1.07	864,580	50,000	2
31/05/2022	GBGR	ZUO	98983V106	ZUORA INC	484	10.46	5,062.64	0.59	864,580	50,000	2
31/05/2022	GBGR	Cash&Other	Cash&Other	Cash & Other	502	1.00	502.13	0.06	864,580	50,000	2	Y
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Resources

Fund Name	Fund Ticker	CUSIP	Net Assets	Shares Outstanding	NAV	NAV Change Dollars	NAV Change Percentage	Market Price	Market Price Change Dollars	Market Price Change Percentage	Premium/Discount	Median 30 Day Spread	Rate Date
Global Beta Rising Stars ETF	GBGR	37959X308	832025.16	50,000.00	16.64	0.61	3.82	16.64	0.62	3.87	0.02	0.24	05/26/2022

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	Since Inception Cumulative	1 Year	3 Year	5 Year	Since Inception Annualized	Date
Global Beta Smart Income ETF	GBDV NAV	1.97	16.58	-24.79	-24.79	-24.82	-	-	-	-	06/30/2020
Global Beta Smart Income ETF	GBDV MKT	2.4	16.53	-24.92	-24.92	-24.78	-	-	-	-	06/30/2020

Fund Name	Fund Ticker	CUSIP	Net Assets	Shares Outstanding	NAV	NAV Change Dollars	NAV Change Percentage	Market Price	Market Price Change Dollars	Market Price Change Percentage	Premium/Discount	Median 30 Day Spread	Rate Date	true 30 day spread
Global Beta Smart Income ETF	GBDV	09/10/0100	1,425,615.18	100,000	14.26	-0.35	-2.42	14.27	-0.43	-2.94	0.11	0.49	07/07/2020	6.99

Distributor: Compass Distributor, LLC

Rising Stars: Rapidly emerging companies that indicate the next generation of growth stocks.

Factset Rising Stars Index is composed of stocks listed on the NYSE and Nasdaq that demonstrate market share expansion in the fastest growing technology industries.

FactSet Research Systems Inc. is a global provider of integrated financial information, analytical applications and services for the investment and corporate communities.

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.

Small- and Mid-Capitalization Securities Risk. The securities of small- and mid-capitalization companies generally trade in lower volumes and are subject to greater and more unpredictable price changes than larger capitalization stocks or the stock market as a whole. Small- and mid-capitalization companies may be particularly sensitive to changes in interest rates, government regulation, borrowing costs, and earnings.

GBGR | Global Beta Rising Stars ETF

Investment Objective

GBGR September 2021 Post Rebalance Announcement

Understand Valuations within Growth Securities

Justin Lowry on Why Growth Valuations Matter for FactSet

Guide to Trading Low Volume ETFs

Portfolio Construction Guide During High Valuations Brochure

Prospectus

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