The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for certain time periods compare with the average annual total returns of the Index, the MSCI ACWI Index, and VettaFi Full World Index, a broad-based securities market index. The Fund has selected the VettaFi Full World Index as a replacement for the MSCI ACWI Index. The VettaFi Full World Index is an unmanaged float-market cap weighted index that is designed to and targets each of its countries large midcap market cap space across developed and emerging markets. All returns assume reinvestment of dividends and distributions. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at www.musqetf.com or by calling 1-855-MUSQ-ETF (687-7383).
*The performance information shown above is based on a calendar year. The Fund’s year-to-date return as of June 30, 2025 was 21.50%.
Best and Worst Quarter Returns (for the period reflected in the bar chart above)
| Return | Quarter/Year | |
| Highest Return | 2.63 % | Q4/2024 |
| Lowest Return | (4.57)% | Q2/2024 |
| MUSQ Global Music Industry Index ETF | 1 Year | Since Inception (07-06-2023) |
| Return Before Taxes | -4.63% | -1.43% |
| Return After Taxes on Distributions | -4.95% | -1.83% |
| Return After Taxes on Distributions and Sale of Fund Shares | -2.65% | -1.20% |
| MUSQ Global Music Industry Index (reflects no deduction for fees, expenses, or taxes)1 | -3.89% | -0.75% |
| VettaFi Full World Index (reflects no deduction for fees, expenses, or taxes) | 17.98% | 18.28% |
| MSCI ACWI Index (reflects no deduction for fees, expenses, or taxes) | 17.49% | 17.80% |
1 This information shows how the Fund’s performance compares with the returns of the Index, which has similar investment objectives as the Fund.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their shares of the Fund through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. In some cases, the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of shares of the Fund at the end of the measurement period.
The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for certain time periods compare with the average annual total returns of the Index, the VettaFi Full World Index, the Fund’s primary broad-based securities market index, and the S&P 500® Index. The VettaFi Full World Index is an unmanaged float-market cap weighted index that is designed to and targets each of its countries large midcap market cap space across developed and emerging markets and the S&P 500® Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stocks. All returns assume reinvestment of dividends and distributions. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at www.roboglobaletfs.com or by calling toll-free 1-855-456-ROBO.
* The performance information shown above is based on a calendar year. The Fund’s year-to-date return as of June 30, 2025 was 5.74%.
Best and Worst Quarter Returns (for the period reflected in the bar chart above)
| Return | Quarter/Year | |
| Highest Return | 28.80% | Q2/2020 |
| Lowest Return | -23.38% | Q2/2022 |
| ROBO Global® Robotics and Automation Index ETF | 1 Year | 5 Years | 10 Years |
| Return Before Taxes | -1.22% | 6.20% | 8.38% |
| Return After Taxes on Distributions | -1.25% | 6.19% | 8.39% |
| Return After Taxes on Distributions and Sale of Fund Shares | -0.53% | 4.90% | 6.92% |
| ROBO Global® Robotics and Automation Index (reflects no deduction for fees, expenses, or taxes)1 | -0.33% | 7.03% | 9.25% |
| VettaFi Full World Index (reflects no deduction for fees, expenses, or taxes) | 17.98% | 10.70% | 9.92% |
| S&P 500® Index (reflects no deduction for fees, expenses, or taxes) | 25.02% | 14.53% | 13.10% |
1 This information shows how the Fund’s performance compares with the returns of the Index, which has similar investment objectives as the Fund.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their shares of the Fund through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of shares of the Fund at the end of the measurement period.
The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for certain time periods compare with the average annual total returns of the Index, the VettaFi Full World Index, the Fund’s primary broad-based securities market index, and the S&P 500® Index. The VettaFi Full World Index is an unmanaged float-market cap weighted index that is designed to and targets each of its countries large midcap market cap space across developed and emerging markets and the S&P 500® Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stock. All returns assume reinvestment of dividends and distributions. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at www.roboglobaletfs.com or by calling toll-free 1-855-456-ROBO.
*The performance information shown above is based on a calendar year. The Fund’s year-to-date return as of June 30, 2025 was -1.21%.
Best and Worst Quarter Returns (for the period reflected in the bar chart above)
| Return | Quarter/Year | |
| Highest Return | 30.72% | Q2/2020 |
| Lowest Return | -20.77% | Q2/2022 |
| ROBO Global® Healthcare Technology and Innovation ETF | 1 Year | 5 Years | Since Inception (6-24-2019) |
| Return Before Taxes | 2.81% | 1.78% | 3.19% |
| Return After Taxes on Distributions | 2.81% | 1.77% | 3.18% |
| Return After Taxes on Distributions and Sale of Fund Shares | 1.67% | 1.37% | 2.47% |
| ROBO Global® Healthcare Technology and Innovation Index (reflects no deduction for fees, expenses, or taxes)1 | 3.53% | 2.46% | 3.88% |
| VettaFi Full World Index (reflects no deduction for fees, expenses, or taxes) | 17.98% | 10.70% | 11.43% |
| S&P 500® Index (reflects no deduction for fees, expenses, or taxes) | 25.02% | 14.53% | 15.18% |
1 This information shows how the Fund’s performance compares with the returns of the Index, which has similar investment objectives as the Fund.
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their shares of the Fund through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of shares of the Fund at the end of the measurement period.
The following bar chart and table provide some indication of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year and by showing how the Fund’s average annual returns for certain time periods compare with the average annual total returns of the Index, the VettaFi Full World Index, the Fund’s primary broad-based securities market index, and the S&P 500® Index. The VettaFi Full World Index is an unmanaged float-market cap weighted index that is designed to and targets each of its countries large midcap market cap space across developed and emerging markets and the S&P 500® Index is a broad-based, unmanaged measurement of changes in stock market conditions based on the average of 500 widely held common stock. All returns assume reinvestment of dividends and distributions. The Fund’s past performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Updated performance information is available online at www.roboglobaletfs.com or by calling toll-free 1-855-456-ROBO.
* The performance information shown above is based on a calendar year. The Fund’s year-to-date return as of June 30, 2025 was 12.24%.
Best and Worst Quarter Returns (for the period reflected in the bar chart above)
| Return | Quarter/Year | |
| Highest Return | 22.60% | Q1/2023 |
| Lowest Return | -28.15% | Q2/2022 |
| ROBO Global® Artificial Intelligence ETF | 1 Year | Since Inception (5-8-2020) |
| Return Before Taxes | 18.62% | 15.47% |
| Return After Taxes on Distributions | 18.62% | 15.47% |
| Return After Taxes on Distributions and Sale of Fund Shares | 11.02% | 12.45% |
| ROBO Global® Artificial Intelligence Index (reflects no deduction for fees, expenses, or taxes) | 18.93% | 15.88% |
| VettaFi Full World Index (reflects no deduction for fees, expenses, or taxes) | 17.98% | 14.76% |
| S&P 500® Index (reflects no deduction for fees, expenses, or taxes) | 25.02% | 17.97% |
After-tax returns are calculated using the historical highest individual federal marginal income tax rates and do not reflect the impact of state and local taxes. Your actual after-tax returns will depend on your tax situation and may differ from those shown. After-tax returns shown are not relevant to investors who hold their shares of the Fund through tax-deferred arrangements such as 401(k) plans or individual retirement accounts. In some cases the return after taxes may exceed the return before taxes due to an assumed tax benefit from any losses on a sale of shares of the Fund at the end of the measurement period.