| Declaration Date: | Ex-Dividend Date: | Record Date: | Dividend Payable: |
|---|---|---|---|
| 10 October 2023 | 11 October 2023 | 12 October 2023 | 18 October 2023 |
The Board of Trustees of the Trust, at the recommendation of Advocate Capital Management, LLC (the “Adviser”), the investment adviser of the Fund, has approved a plan of liquidation providing for the liquidation of the Fund’s assets and the distribution of the net proceeds pro rata to the Fund’s shareholders. The Fund will create and redeem creation units through October 24, 2023 (the “Closing Date”), which will also be the last day that the Fund’s shares trade on NYSE Arca, Inc. (the “Exchange”), the Fund’s principal listing exchange. The Fund is expected to cease operations and liquidate on or about October 31, 2023 (the “Liquidation Date”).
* A full explanation of expenses and fees are stated in the prospectus.
The Advocate Rising Rate Hedge ETF (the “Fund”) is a multi-asset ETF that seeks to generate capital appreciation during periods of rising long term interest rates, specifically interest rates with maturities of five years or longer.
The Fund is actively managed and seeks to achieve its investment objective primarily by investing in a combination of: U.S. Treasury securities; forwards, futures or options on various currencies; long and short positions on the short and long-end of the Treasury or swap yield curve via futures, swaps, forwards and other over-the-counter ("OTC") derivatives; long and short positions on equity indexes and/or investment companies, including ETFs; and commodity futures and options.
Performance Disclosure
The performance quoted represents past performance and does not guarantee future results. Performance for periods greater than 1 year is annualized. Investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than the original cost. Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Current performance may be lower or higher than the performance quoted.
Chart Description
The Premium/Discount History chart demonstrates the difference between the daily market price of shares of the Fund and the Fund’s net asset value (NAV).
Holdings are subject to change.
Prospectus Disclosure
To determine if the Fund(s) is an appropriate investment for you, carefully consider the fund(s’) investment objectives, risk, and charges and expenses. This and other information can be found in the fund(s’) prospectus, or the summary prospectus, which can be obtained by calling 866-234-5426 or by visiting www.advocatecapmgt.com. Please read the prospectus, or the summary prospectus, carefully before investing.
Risk
This information is not intended to be investment advice. Diversification may not protect against market risk. This ETF is actively managed and there is no guarantee investments selected and strategies employed will achieve the intended results.
Investing involves risk, including the possible loss of principal. Advocate ETFs are generally non-diversified and each entails certain risks, including risks associated with the use of derivatives (swap agreements, futures contracts and similar instruments), leverage and market price variance, all of which can increase volatility and decrease performance. International investments may involve risks from: geographic concentration, differences in valuation and valuation times, unfavorable fluctuations in currency, differences in generally accepted accounting principles, and from economic or political instability. There are additional risks related to commodity investments due to natural and technological factors such as depletion of known cost-effective sources of a commodity or severe weather and increases in availability created by new or improved equipment or processes. Short positions in a security lose value as that security's price increases. Leverage can increase market exposure and magnify investment risk. An investment in the fund(s) is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Market information and data included in this presentation are obtained from various third party sources and are provided on an "as is“ basis. Advocate does not perform any audit or verify the information provided by third parties. Advocate is not responsible for and does not warrant the correctness, accuracy, or reliability of any third party market information or data.
The Advocate Capital Management’s Rising Rate Hedge ETF is distributed by SEI Investments Distribution Co. (SIDCO). The fund is managed by Advocate Capital Management. SIDCO is not affiliated with Advocate Capital Management
