Investing involves risk. Principal loss is possible.

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the statutory and summary prospectuses, a copy of which may be obtained by visiting the Fund’s website at www.fcf-funds.com/ABFL, www.fcf-funds.com/ABLG, www.fcf-funds.com/ABLD, www.fcf-funds.com/ABOT, www.fcf-funds.com/ABHY. Please read the prospectus carefully before you invest.

Opinions expressed are subject to change at any time, are not guaranteed and should not be considered investment advice.

Fund holdings are subject to change and should not be considered a recommendation to buy or sell any security. Please click here for top holdings. www.fcf-funds.com/ABFL, www.fcf-funds.com/ABLG, www.fcf-funds.com/ABLD, www.fcf-funds.com/ABOT, www.fcf-funds.com/ABHY.

There is no guarantee that the Funds will achieve its investment objective. Investing involves risk, including the possible loss of principal. Because the Funds are ETFs (rather than a mutual fund), shares are bought and sold at market price (not NAV), may trade at a discount or premium to NAV, and are not individually redeemable. Owners of the shares may acquire those shares from the Fund and tender those shares for redemption to the Fund in Creation Unit aggregations only, consisting of 25,000 shares. Brokerage commissions will reduce returns.

The Funds also have specific principal investment risks, which are described below. More detailed information regarding these risks can be found each Fund’s prospectus.

Active and frequent trading of portfolio securities may result in increased transaction costs to the Fund and may also result in higher taxes if Shares are held in a taxable account.

Derivatives/Futures Risk. The Fund’s investments in derivatives may pose risks in addition to and greater than those associated with investing directly in the underlying assets, including counterparty, leverage, and liquidity risks. The Fund may participate in futures markets, which are highly volatile. Downside Protection Model Risk. Neither the Adviser nor the Sub Adviser can offer assurances that the downside protection model employed by the Underlying Index methodology will achieve its intended results, or that downside protection will be provided during periods of time when the Equity Portfolio is declining or during any period-of-time deemed to be a bear market. Investment in a fund that utilizes a downside protection model that seeks to minimize risk only during certain prolonged bear market environments may not be appropriate for every investor seeking a particular risk profile. Environmental, Social and Governance (ESG) – investing is defined as utilizing environmental, social, and governance (ESG) criteria as a set of standards for a company’s operations that socially conscious investors use to screen potential investments. A strategy or emphasis on ESG may limit the investment opportunities available to a portfolio. Therefore, the Fund may underperform or perform differently than other portfolios that do not have an ESG investment focus. Foreign Securities. Returns on investments in foreign securities could be more volatile than investments in domestic securities. Index Based Strategy. Passive funds that seek to track an index may hold the component securities of the underlying index regardless of the current or projected performance of a specific security or the relevant market-as-a-whole, which could cause the Fund’s returns to be lower if the fund employed an active strategy. Investments in Other ETFs. Because the Fund invests in ETFs, an investor will indirectly bear the principal risks of the underlying funds, including illiquidity, and an investment in the Fund will entail more costs and expenses than a direct investment in the Underlying ETFs. Master Limited Partnerships (MLPs) Risk. An MLP is a publicly traded partnerships primarily engaged in the transportation, storage, processing, refining, marketing, exploration, production, and mining of minerals and natural resources. MLP common units, like other equity securities, can be affected by macroeconomic and other factors affecting the stock market in general. Real Estate Investment Trusts (REITs) Risk. A REIT is a company that pools investor funds to invest primarily in income producing real estate or real estate related loans or interests. The Fund may be subject to certain risks associated with direct investments in REITs. Small and Mid-Cap Securities. Investments in the Fund include risks associated with small-and mid-cap securities, which involve limited liquidity and greater volatility than large-cap securities.

Market Price: The current price at which shares are bought and sold. Market returns are based upon last trade price. NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Free Cash Flow (FCF) represents the cash that a company is able to generate after accounting for capital expenditures.

Securities are distributed by Quasar Distributors, LLC

The Russell 3000® Index measures the performance of the 3,000 largest publicly traded U.S. companies, based on market capitalization. The Index measures the performance of approximately 98% of the total market capitalization of the publicly traded U.S. equity market. It is not possible to invest directly in an index. Free cash flow is the cash that a company has available after subtracting operating expenditures and accounting for future organic growth. Upside/Downside Ratio is a technical indicator that shows the relationship between the volumes of advancing and declining issues on an exchange. Returns‐based style analysis is a statistical technique used in finance to deconstruct the returns of investment strategies using a variety of explanatory variables. The model results in a strategy’s exposures to asset classes or other factors, interpreted as a measure of a fund or portfolio manager’s style.

The MSCI All Country World Index ex USA is a market-capitalization-weighted index maintained by Morgan Stanley Capital International (MSCI). It is designed to provide a broad measure of stock performance throughout the world, with the exception of U.S.-based companies. The MSCI ACWI Ex-U.S. includes both developed and emerging markets.

The Citigroup Economic Surprise Index—a score that measures the degree to which economic data is beating or missing estimates