Rareview Systematic Equity ETF

Rareview Systematic Equity ETF RSEE

The Rareview Systematic Equity ETF (the “Fund”) seeks returns that exceed global developed and emerging market equities.

Fact Sheet Investment CaseHow to Buy

Ticker

RSEE

CUSIP

19423L540

Inception

01.20.2022

Primary Listing Exchange

Cboe BZX Exchange, Inc.

Net Assets

 

Shares Outstanding

 

Investment Strategy

The Fund is an actively managed exchange-traded fund that seeks to achieve its investment objective by investing in exchange traded funds that primarily invest in equity securities of domestic, foreign or emerging market issuers of any market capitalization.

RSEE Explainer video from Rareview Capital

Fees & Expenses

Management Fees

1.10%

Distribution and/or Service (12b-1) Fees

0.00%

Other Expenses1

1.82%

Acquired Fund Fees & Expenses1

0.11%

Total Annual Fund Operating Expenses

3.03%

Fee Waiver and/or Expense Reimbursement2

(0.32%)

Total Annual Fund Operating Expenses After Fee Waiver3

2.71%

1 “Other Expenses” include interest expense of 1.31%. Interest expense is borne by the Fund separately from the management fee paid to Rareview Capital LLC (the “Adviser”). Excluding interest expense, Total Annual Fund Operating Expenses After Fee Waiver and Reimbursement are 1.40%.

2 Acquired Fund Fees and Expenses, which are estimated for the Fund’s current fiscal year, are the indirect costs of investing in other investment companies and not a cost borne directly by the Fund. The operating expenses in this fee table will not correlate to the expense ratio in the Fund’s financial highlights because the financial statements include only the direct operating expenses incurred by the Fund. Excluding Acquired Fund Fees and Expenses, and interest expense, Total Annual Fund Operating Expenses After Fee Waiver and Reimbursement are 1.29%.

3 The Advisor has contractually agreed to waive a portion or all of its management fees and pay Fund expenses to limit Total Annual Fund Operating Expenses to 1.29% through January 31, 2027.

3 Reflects current expenses

Fund Documents

Download the Fund’s prospectus, SAI, reports, and filings

Prospectus

Reports

Filings

Performance

Total Returns as of Month Ending: 5/31/26

1 Month 3 Month YTD 1 Year Since Inception
Fund NAV 7.15% 9.85% 15.96% 38.91% 14.11%
Market Price 7.07% 9.80% 15.82% 38.71% 14.12%

*Periods over 1-year are annualized

Total Returns as of Quarter Ending: 3/31/26

1 Month 3 Month YTD 1 Year Since Inception
Fund NAV -9.60% -4.57% -4.57% 18.72% 9.51%
Market Price -9.63% -4.67% -4.67% 18.63% 9.51%

*Periods over 1-year are annualized

The Rareview Systematic Equity ETF inception date is January 20, 2022.

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns are average annualized total returns, except those for periods of less than one year, which are cumulative. Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00 p.m. Eastern time, when the NAV is typically calculated. Market performance does not represent the returns you would receive if you traded shares at other times. Brokerage commissions will reduce returns.

NAV and Market Price

Data as of Data as of April 30, 2026

Net Asset Value (NAV)

 

Change ($)

 

Change (%)

 

Closing Price

 

Change ($)

 

Change (%)

 

Premium/Discount

Data as of January 21, 2022

Net Asset Value (NAV)

 

Market Price

 

Premium/Discount (%)

 

30-day Median Bid/Ask Spread (%)1

 

Historical Premium/Discount
RTAI

Frequency Distribution of Premium and Discounts

Most Recently Completed Calendar Quarter Last Calendar Year
Total # of Days Fund Closed at Premium 0 0
Total # of Days Fund Closed at Discount 0 0
Total # of Days Fund Closed at Discount 10 20

The table above is provided to show the frequency at which the closing price for the Fund was at a premium or discount to its daily net asset value (NAV). The table represents past performance and cannot be used to predict future results. The Adviser will provide a discussion in the event the ETF’s premium or discount has been greater than 2% for seven consecutive trading days.

Holdings

Data as of January 21, 2022

Name Ticker CUSIP Shares Market Value Weight
CASH AND CASH EQUIVALENTS 201,939 $201,939 32.27%
SPDR S&P 500 ETF TRUST SPY 78462F103 394 $176,019 28.16%
ISHARES MSCI EAFE ETF EFA 464287465 1389 107,494.71 17.20%
ISHARES RUSSELL 2000 ETF IWM 464287655 364 $73,073 11.69%
ISHARES MSCI EMERGING MARKET EEM 464287234 1342 $66,724 10.68%

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Fund holdings and sector allocations are subject to change and should not be considered a recommendation to buy or sell any security.

Distributions

Frequency: Semi-Annual

Declaration Ex Date Record Date Pay Date Income Short-Term Gains Long-Term Gains Total Distributions
Declaration Ex Date Record Date Pay Date Income Short-Term Gains Long-Term Gains Total Distributions
Declaration Ex Date Record Date Pay Date Income Short-Term Gains Long-Term Gains Total Distributions
Declaration Ex Date Record Date Pay Date Income Short-Term Gains Long-Term Gains Total Distributions
Declaration Ex Date Record Date Pay Date Income Short-Term Gains Long-Term Gains Total Distributions

Declaration Ex Date Record Date Pay Date Income Short-Term Gains Long-Term Gains Total Distributions
06/16/25 06/17/25 06/17/25 06/18/25 $0.094082 $0.0000 $0.0000 $0.094082
12/16/24 12/17/24 12/17/24 12/18/24 $0.120176 $1.147068 $1.119205 $2.386449
06/17/24 06/18/24 06/18/24 06/20/24 $0.183356 $0.0000 $0.0000 $0.183356
12/18/23 12/19/23 12/20/23 12/21/23 $0.145517 $0.0000 $0.0000 $0.145517
06/20/23 06/21/23 06/22/23 06/23/23 $0.073413 $0.0000 $0.0000 $0.073413
12/23/22 12/27/22 12/28/22 12/29/22 $0.047341 $0.0000 $0.0000 $0.047341
12/19/22 12/20/22 12/21/22 12/22/22 $0.0000 $0.0000 $0.423406 $0.423406

Important Risk Considerations

Carefully consider the Fund’s investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Fund’s full and summary prospectus, which may be obtained by visiting rareviewcapdev.wpenginepowered.com. Read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal. There can be no assurance that a Fund will achieve its stated objectives. An investment in the Fund may be subject to risks which include, among others, market, interest rate, tax, liquidity, leverage, non-diversified, investment restrictions, operational, authorized participant concentration, no guarantee of active trading market, trading issues, active management, fund shares trading, premium/discount and liquidity of fund shares and concentration risks, all of which may adversely affect the Fund. Diversification does not ensure profits or prevent losses. Exchange-Traded Funds (ETFs) trade like stocks, are subject to investment risk, and will fluctuate in market value. Unlike mutual funds, ETF shares are not individually redeemable directly with the Fund and are bought and sold on the secondary market at market price, which may be higher or lower than the ETF’s net asset value (NAV). Transactions in shares of ETFs will result in brokerage commissions, which will reduce returns.

Derivatives Risk. Through its hedging strategies or through its investments in other funds, the Fund may be subject to the risks of investing in derivative securities. Active Management Risk. The Fund is actively managed using proprietary investment strategies and processes. There can be no guarantee that these strategies and processes will be successful. Foreign Investment Risk. Foreign securities and emerging markets may involve risks such as social and political instability, market illiquidity, exchange-rate fluctuations, a high level of volatility and limited regulation. Cash and Cash Equivalents Risk. The Fund may hold cash or cash equivalents. Generally, such positions offer less potential for gain than other investments. Futures Risk. Commodities and futures generally are volatile and are not suitable for all investors. Futures investing is highly speculative and involves a high degree of risk.

NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE

Distributed by Foreside Fund Services, LLC.