UTRN

Vesper U.S. Large Cap Short-Term Reversal Strategy ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the Vesper U.S. Large Cap Short-Term Reversal Index. The index is designed to measure the performance of a portfolio of 25 securities selected from the Solactive 500 that the index provider believes will most likely benefit from the "short-term reversal" effect, as determined by applying a proprietary algorithm. The fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in large capitalization securities issued by a U.S. company or a company economically tied to the U.S.