Leatherback Asset Management

Leatherback Asset Management is an SEC registered investment adviser founded by industry veteran, Michael Winter, CFA. The firm is an independent sponsor of actively managed, liquid alternative ETFs. Leatherback’s core competency is long/short investing, a skill not commonly found in ETF or mutual fund investment managers. Leatherback’s active investment approach is founded in fundamental analysis and individual security selection. BEFORE INVESTING YOU SHOULD CAREFULLY CONSIDER THE FUND'S INVESTMENT OBJECTIVES, RISKS, CHARGES AND EXPENSES. THIS AND OTHER INFORMATION IS IN THE PROSPECTUS, A COPY OF WHICH MAY BE OBTAINED FROM 833-417-0090. PLEASE READ THE PROSPECTUS CAREFULLY BEFORE YOU INVEST. “Long” and “short” are investment terms used to describe ownership of securities. To buy securities is to “go long.” The opposite of going long is “selling short.” Short selling is an advanced trading strategy that involves selling a borrowed security. Short sellers make a profit if the price of the security goes down and they are able to buy the security at a lower amount than the price at which they sold the security short. Since the Funds are actively managed, they do not seek to replicate the performance of a specified index. The Funds therefore may have higher portfolio turnover and trading costs than index-based funds. Investing involves risk including the loss of principal. Please see prospectus for discussion of risks. Foreside Fund Services, LLC, Distributor