At Armada, we believe that real estate is personal. Every individual—across all ages and socio-economic levels—touches real estate. While ownership or the ability to invest in property may be out of reach for many, our goal is to provide broad access to the real estate asset class. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. FOR A PROSPECTUS OR SUMMARY PROSPECTUS WITH THIS AND OTHER INFORMATION ABOUT THE FUND, PLEASE CALL (800) 693-8288 OR VISIT OUR WEBSITE AT WWW.ARMADAETFS.COM. READ THE PROSPECTUS OR SUMMARY PROSPECTUS CAREFULLY BEFORE INVESTING. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. The fund is new and has limited operating history to judge. Fund Risks: The Fund is classified as a non-diversified investment company. The Fund may invest a greater portion of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. To the extent that the Fund invests in other funds, a shareholder will bear two layers of asset-based expenses, which could reduce returns compared to a direct investment in the underlying funds. Through its investment in REITs, the Fund is subject to the risks of investing in the real estate market, including decreases in property revenues, increases in interest rates, increases in property taxes and operating expenses, legal and regulatory changes, a lack of credit or capital, defaults by borrowers or tenants, environmental problems, and natural disasters. The Fund may invest in debt securities which are subject to the risks of an issuer's inability to meet its obligations under the security; failure of an issuer or borrower to pay principal and interest when due and interest rate changes affect the prices of fixed income securities Distributed by Foreside Fund Services LLC