MVFG

The Monarch Volume Factor Global Unconstrained Index ETF (the "Fund") seeks to replicate investment results that generally correspond, before fees and expenses, to the performance of the Monarch Volume Factor Global Unconstrained Index. The Index follows a proprietary rules-based methodology that screens the universe of U.S. listed equity ETFs with global exposure (including emerging markets) to select those funds that (i) use no leverage, (ii) are not inverse funds, (iii) have assets under management of at least 50 million and (iv) have over two years of trading history. The Adviser then applies its proprietary "Volume Factor" ranking methodology to identify the areas of the market with positive cash flow. When cash flow trends are positive, the Index consists of ETFs that provide exposure to the areas and sectors of the market that are drawing the strongest cash flows. When the cash flow trends are negative, a portion or all of the Index consists of one or more treasury ETFs.