800VDC AI Datacenter Ecosystem ETF (HUMM)

Important Information

Investing involves risk, principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. The ETF is new and has limited operating history to judge.

Shares are bought and sold at market price not net asset value (NAV). Market price returns are based upon the closing composite market price and do not represent the returns you would receive if you traded shares at other times.

There is no guarantee that the Fund will achieve its investment objective. Equity securities are subject to market volatility that may cause the Fund’s value to decline. Investments in foreign securities are subject to political, regulatory, economic, and currency risks. The Fund’s investment thesis depends on the adoption of 800VDC power architectures and continued investment in AI datacenter infrastructure, which may not occur as expected. A proprietary thematic model used in the Fund’s investment process may be adversely affected by incomplete, inaccurate, unavailable, or unreliable data; errors in data collection, processing, or interpretation; flawed judgments; or unreliable Artificial Intelligence (“AI”)‑generated outputs. These limitations could result in unintended exposures, investments in companies with weak fundamentals, incorrect assessments of thematic linkage, a failure to adapt to changing ecosystem or market conditions, and losses. AI‑related companies face risks from rapid technological change, competition, regulation, and changing demand that could adversely affect the Fund’s investments. Depositary receipts are subject to the risks of investing in foreign securities and may involve additional costs and reduced shareholder protections. Because the Fund is non‑diversified, it may be more susceptible to the risks of a single issuer or event than a diversified fund. 

The views expressed herein may not be reflective of current opinions, are subject to change without prior notice, and should not be considered investment advice.

Bid/Ask Mid Price: the midpoint between the highest bid and the lowest offer, as of the time that the Fund’s NAV is calculated, typically 4 p.m. Eastern Time.

Premium/Discount ($): the difference between the Fund’s market price and NAV, expressed as a percentage of NAV. A premium is the amount that the Fund is trading above the reported NAV. A discount is the amount that the Fund is trading below the reported NAV.

30‑Day Median Bid/Ask Spread: calculated by identifying national best bid and national best offer ("NBBO") for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage (rounded to the nearest hundredth).

Weighted Average Market Capitalization: The average size of the companies in a portfolio or index as measured by the market value of outstanding shares.

Price/Book: The price‑to‑book (P/B) ratio evaluates a firm's market value relative to its book value.

Adjusted Trailing P/E Ratio: The Adjusted Trailing P/E (Price/Earnings) Ratio is the closing stock price divided by the sum of the last 12 months actual EPS.

% EPS Growth – Past 3 year: Earnings per share refers to the bottom‑line measure of a company’s profitability defined as net income divided by the number of outstanding shares.

Return on Equity: Return on equity (ROE) is a measure of financial performance calculated by dividing net income by shareholders' equity.

Forecasted P/E Ratio: a measure of the P/E (price‑to‑earnings) ratio using forecasted earnings for the P/E calculation.