Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Fund, please call (844) 954-5050 or visit our website at www.ndrfunds.com. Read the prospectus or summary prospectus carefully before investing.

Investing involves risk including possible loss of principal.

Underlying ETFs Risks. The Fund will incur higher and duplicative expenses because it invests in Underlying ETFs. There is also the risk that the Fund may suffer losses due to the investment practices of the Underlying ETFs. The Fund will be subject to substantially the same risks as those associated with the direct ownership of securities held by the Underlying ETFs. Additionally, Underlying ETFs are subject to the “ETF Risks” described below.

Affiliated ETF Risks. NDR may receive model fees or index fees from the ETFs (“Affiliated ETFs”) in which the Fund may invest, as well as sub-advisory fees from the Fund and profits generated by the Fund. It is possible that a conflict of interest among the Fund and the Affiliated ETFs could affect how NDR fulfills its fiduciary duties to the Fund and the Affiliated ETFs. NDR may have a conflict of interest in allocating Fund assets among Affiliated ETFs and unaffiliated ETFs. In addition, NDR may have an incentive to consider the effect on an Affiliated ETF in which the Fund may invest in determining whether, and under what circumstances, to purchase or sell shares in that Affiliated ETF. Although NDR takes steps to address the conflicts of interest, it is possible that the conflicts could impact the Fund.

Growth Stocks: Growth stocks may be more volatile than other stocks because they are more sensitive to investor perceptions of the issuing company’s growth potential. Growth stocks therefore may be particularly sensitive to market conditions.

Value Style: Value investing involves the risk that an investment made in undervalued securities may not appreciate as anticipated or remain undervalued for long periods of time.

Foreign: Investments in foreign securities may involve risks such as exchange-rate fluctuations and different regulatory and taxation schemes.

Fixed Income Securities Risk. The Underlying ETFs 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.

Cash and Cash Equivalents Risk. The Fund may have significant investments in cash or cash equivalents. When a substantial portion of a portfolio is held in cash or cash equivalents, there is the risk that the value of the cash account, including interest, will not keep pace with inflation, thus reducing purchasing power over time.

New Fund Risk. The Fund is a recently organized management investment company with limited operating history. As a result, prospective investors have a limited track record or history on which to base their investment decisions.

Distributed by Foreside Fund Services, LLC.
Launch and Structure Partner: Tidal Financial Group