US Market Rotation Strategy

About US Market Rotation Strategy ETF

Overview

The US Market Rotation Strategy ETF is an actively managed exchange traded fund (“ETF”). Under normal market conditions, the ETF invests in companies that are organized in the US and included in the S&P Composite 1500, which is comprised of large-cap, mid-cap and small-cap companies. The ETF may over- or under-weight certain industry sectors and segments of the S&P Composite 1500, depending on which the managers believe to have the greatest or least potential for capital appreciation given the current market environment. This ETF may be appropriate for long-term investors looking for a unique approach to pursuing capital appreciation. It may provide an important overlay to the investor’s portfolio as the advisors seek to enhance performance through emphasizing the market sectors and segments believed most promising.

The Value in Sector Rotation
Different sectors within the S&P Composite 1500 typically outperform the market at various times. Market environments may cause certain sectors of businesses to perform more favorably than others. For instance, when technology companies are performing relatively well, financial companies may be taking a hit. The advisor attempts to identify the companies that may experience more profitability given the current economic cycle and overweight its portfolio in companies within that sector.

There are risks involved with investing, including possible loss of principal. The ETF may trade securities actively, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. If the ETF invests more than 25% of its net assets in a particular asset class, or securities of issuers within a particular business sector, it is subject to increased risk. Investments in smaller companies typically exhibit higher volatility.

Performance
Cumulative (%) Average Annual Total Return (%)
As of 3/31/2016 As of 3/31/2016
YTD 1 Month 3 Month 6 Month 1 Year 3 Year 5 Year Since
Inception
Total Returns (NAV) 0.24 5.58 0.24 7.03 0.72 11.63 14.37
Total Returns (Market Price) -1.24 4.32 -1.24 7.91 0.93 11.76 14.36

The performance data quoted above represents past performance. Past performance is not a guarantee of future results. Investment return and value of the ETF shares will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than performance data quoted. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. Total Returns are calculated using the daily 4:00pm net asset value (NAV). Market returns are based on the composite closing price and do not represent the returns you would receive if you traded the shares at other times. The first trading date is typically several days after the fund inception date. Therefore, NAV is used to calculate market returns prior to the first trade date.

To obtain performance, current to the most recent month-end, call 855-HSS-ETFS.

1 A calculation disseminated by the stock exchange that approximates the ETF’s NAV every 15 seconds throughout the trading day.

2 Contractual fee waivers are in effect until August 31, 2016.

ETF Data
As of 4/11/2016

NAV ($) 37.19
Shares Outstanding 125,000
Total Assets 4,648,690
Daily Trade Volume

Portfolio Profile

Ticker HUSE
IOPV1 Symbols HUSE.IV
CUSIP 446698102
Inception July 23, 2012
Exchange NYSE Arca
Net Expense Ratio 2 0.95%
Gross Expense Ratio 2.26%
Holdings

Information As of (04/11/2016)

% of Assets Quantities of Shares Name Symbol
2.59 1,615 LOWE’S COS. INC. LOW
2.58 1,470 DOLLAR GENERAL CORP. DG
2.56 1,370 TORO CO TTC
2.56 1,105 STRYKER CORP SYK
2.56 765 AMGEN INC. AMGN
2.55 2,065 TEXAS INSTRUMENTS INC. TXN
2.54 2,540 COCA COLA CO. KO
2.54 890 THE HOME DEPOT INC. HD
2.54 1,150 ILLINOIS TOOL WORKS INC. ITW
2.53 1,870 GENERAL MILLS INC. GIS
2.52 580 BARD C.R. INC BCR
2.51 1,120 PEPSICO INC. PEP
2.51 1,135 INTUIT INC. INTU
2.50 1,250 MASTERCARD INC. MA
2.50 1,830 AFLAC INC AFL
2.49 2,480 SYSCO CORP. SYY
2.48 1,610 KLA-TENCOR CORP KLAC
2.48 1,915 MARSH & MCLENNAN COS INC MMC
2.46 1,290 CINTAS CORP. CTAS
2.46 0 TYSON FOODS INC. CLASS A TSN
2.46 4,155 CISCO SYSTEMS INC. CSCO
2.45 835 KIMBERLY-CLARK CORP. KMB
2.44 570 NORTHROP GRUMMAN CORP. NOC
2.43 1,782 ALTRIA GROUP INC. MO
2.43 1,365 PROCTER & GAMBLE CO. PG

Holdings Subject to Change

1 A calculation disseminated by the stock exchange that approximates the ETF’s NAV every 15 seconds throughout the trading day.
2 Contractual waivers are in effect until August 31, 2016.

Security weights are based on net assets. Showing security weights as a percent of net assets can lead to a total greater than 100% because net assets includes liabilities, which can make the net assets less than the total value of investments.

ETF Data
As of 4/11/2016

NAV ($) 37.19
Shares Outstanding 125,000
Total Assets 4,648,690
Daily Trade Volume

Portfolio Profile

Ticker HUSE
IOPV1 Symbols HUSE.IV
CUSIP 446698102
Inception July 23, 2012
Exchange NYSE Arca
Net Expense Ratio 2 0.95%
Gross Expense Ratio 2.26%
Premium/Discount
Ticker Fund Name RateDate NAV Market Price Premium Discount %
HUSE US Market Rotation Strategy ETF 7/20/2017 38.65 38.74 0.23