NMBL

Important Information

The NovaTide Flexible Allocation ETF (NMBL) is offered by SpringTide Investments as a flexible and forward-looking solution designed to meet the evolving needs of today’s investors. However, before making any investment decision, it is important to carefully consider the Fund’s investment objectives, strategies, risks, charges, and expenses. This and other important information is contained in the prospectus and summary prospectus, which may be obtained by calling us directly or by visiting our website. We strongly encourage all investors to read these materials thoroughly and consult with a financial advisor before investing.

Investing involves risk, including the potential loss of principal. There can be no assurance that the Fund will achieve its stated objectives. The Fund is actively managed and its strategy may involve tactical shifts in asset class exposure, which may not always yield favorable results. As with all investments, past performance is not indicative of future results.

The NovaTide Flexible Allocation ETF invests in a broad array of diversifying assets, and while diversification is a cornerstone of sound portfolio construction, it does not guarantee gains or prevent losses in volatile or declining markets. Some asset classes held by the Fund may be less liquid, more volatile, or more sensitive to economic conditions than traditional core equity or fixed income exposures.

The ETF structure may offer enhanced tax efficiency compared to other investment vehicles, but investors should be aware that individual tax situations vary and the Fund’s structure does not eliminate all potential tax liabilities. Please consult a tax professional to understand how ETF investing may impact your personal tax situation.

ETF shares are not individually redeemable and are bought and sold at market price, which may be above or below the Fund’s net asset value (NAV). Brokerage commissions and trading costs will reduce investment returns. While the Fund seeks to maintain high liquidity and transparency, market fluctuations, trading volume, and other factors may impact share pricing.

This website and its contents are intended for informational purposes only and should not be construed as personalized investment advice or a recommendation to buy, sell, or hold any specific security or investment strategy. Any views or opinions expressed herein are subject to change without notice and may differ from the views of SpringTide Investments or its affiliates.

Equity Market Risk. The prices of equity securities rise and fall daily. These price movements may result from factors affecting individual issuers, industries or the stock market as a whole. In addition, equity markets tend to move in cycles which may cause stock prices to fall over a short and extended periods of time. In a declining stock market, stock prices for all companies (including those in the Fund’s portfolio) may decline, regardless of their long-term prospects.

Underlying Fund Risks. General. The Fund will incur higher and duplicative expenses when it invests in closed-end funds, ETFs, and other investment companies, including BDCs. By investing in another investment company, the Fund becomes a shareholder of that investment company and bears its proportionate share of the fees and expenses of the other investment company. There is also the risk that the Fund may suffer losses due to the investment practices of the underlying funds as the Fund will be subject to substantially the same risks as those associated with the direct ownership of securities held by such investment companies. Closed-end funds and BDCs may be less liquid than other investments, and thus their share values are more volatile than the values of the investments they hold.

Foreign Securities Risk. Investments in securities or other instruments of non-U.S. issuers involve certain risks not involved in domestic investments and may experience more rapid and extreme changes in value than investments in securities of U.S. companies. Financial markets in foreign countries often are not as developed, efficient, or liquid as financial markets in the United States, and therefore, the prices of non-U.S. securities and instruments can be more volatile.

Fixed Income Securities Risk. The Fund may invest in various fixed income securities. The prices of fixed income securities respond to economic developments, particularly interest rate changes, as well as to changes in an issuer’s credit rating or market perceptions about the creditworthiness of an issuer.

Leverage Risk. As part of the Fund’s principal investment strategy, the Fund may engage in activities, such as entering into short sales, that involve the use of leverage. If the Fund uses leverage through activities such as entering into short sales, the Fund has the risk that losses may exceed the net assets of the Fund. The net asset value of the Fund while employing leverage will be more volatile and sensitive to market movements. In addition, the Underlying Funds in which the Fund invests may also utilize leverage, and the Fund will bear the risk of such use.

New Fund Risk. As a new fund, there can be no assurance that the Fund will grow or maintain an economically viable size.

Diversification neither assures a profit nor guarantees against loss in a declining market.

The NovaTide Flexible Allocation ETF is distributed by Foreside Fund Services, member FINRA.

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