Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or, if available, the summary prospectus, a copy of which may be obtained by visiting the Fund’s website at www.EventSharesFunds.com. Please read the prospectus carefully before you invest.
On 4/19/2018, the advisor approved liquidation of the Republican Policies Fund (GOP) and Democratic Policies Fund (DEMS). Liquidation and Fund closings are expected to take place on 4/27/2018.
Investing involves risk, including the loss of principal. There can be no assurance that the Funds will achieve their investment objectives. The Funds are actively managed ETFs that do not seek to replicate the performance of a specified index. Investors in the Funds should be willing to accept a high degree of volatility in the price of the Fund’s shares and the possibility of significant losses. An investment in the Funds involve a substantial degree of risk and the Funds do not represent a complete investment program. The Prospectus contains important information about investing in the Funds. Please read this Prospectus carefully before you make any investment decisions.
Losing all or a portion of your investment is a risk of investing in the funds. Government action that is not in line with republican or democratic policies, failure of the government to take positive action on tax reform themes, changes in the E.U. structure that are not in line with the E.U. breakup themes, as well as other factors besides government action or E.U. structural changes, may result in losses.
Diversification does not guarantee a profit or protect against loss in market declines. Past performance does not guarantee future results. Holdings and allocations are subject to change. Commissions are often charged on trades and ETFs may trade at a premium or discount to their net asset value.
Shares of the Funds are listed on a national securities exchange, the Bats BZX Exchange (“Exchange” or “Bats BZX”) and trade at market prices. The market price for each Fund’s shares may be different from its net asset value per share (the “NAV”). Shares of each Fund are not individually redeemable and that owners of shares may acquire or redeem shares in Creation Units only. Because fund shares trade at market prices rather than at net asset value (NAV), Fund shares may trade at a price greater than NAV (premium) or less than NAV (discount). Shares of the ETFs may be bought and sold throughout the day on the exchange through any brokerage account. Buying and selling shares of ETFs will result in brokerage commissions.
Funds distributed by Foreside Fund Services, LLC. Active Weighting Advisors, LLC serves as the investment advisor to the Exchange-Traded Funds (ETFs). Foreside Fund Services, LLC is not affiliated with Active Weighting Advisors, LLC. Check the background of Foreside Fund Services, LLC and Active Weighting Advisors LLC’s Registered Representatives on FINRA’s BrokerCheck. Active Weighting Funds are the ETFs under the brand name EventShares.
If you click on a 3rd party link (e.g. the domain is different than www.EventShares.com) then you must note the following disclosure “You are leaving this website. You will be connected to a website maintained by a third party, and you acknowledge and agree to the following: We are providing a link to the third party’s website solely as a convenience to you, because we believe that website may provide useful content. We do not control the content on the third-party website; we do not guarantee any claims made on it; nor do we endorse the website, its sponsor, or any of the content, policies, activities, products or services offered on the website or by any advertiser on the site. We disclaim any responsibility for the website’s performance or interaction with your computer, its security and privacy policies and practices, and any consequences that may result from visiting it. The link is not intended to create an offer to sell, or a solicitation of an offer to buy or hold, any securities.”
GOP, DEMS, TAXR have contractual fee waiver and expense reimbursements through at least 10/31/2018. Top 10 holdings for each fund can be found at GOP, DEMS, and TAXR. The EXIT fund is not yet available for investment.