Rareview Tax Advantaged Income ETF

Symbol: RTAI

Fact Sheet   Investment Case   How to Buy

Fund Documents

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

Performance

 Total Returns as of Month Ending: 11/30/24

*Periods over 1-year are annualized

 Total Returns as of Quarter Ending: 9/30/24

*Periods over 1-year are annualized

The Rareview Tax Advantaged Income ETF inception date is October 21, 2020.

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 October 22, 2020

Premium/Discount

Data as of October 22, 2020

¹The median bid-ask spread is calculated by identifying the national best bid and national best offer (“NBBO”) for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.

Historical Premium/Discount
RTAI

Frequency Distribution of Premium and Discounts

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 October 22, 2020

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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: Monthly

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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 rareviewcapital.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. The Fund’s performance, because it is a fund of funds, is dependent on the performance of the Underlying Funds. The Fund is subject to the risks of the Underlying Funds’ investments, and the Fund’s shareholders will indirectly bear the expenses of the Underlying Funds. In addition, at times certain segments of the market represented by the Underlying Funds may be out of favor and underperform other segments. The shares of a closed-end fund may trade at a discount or premium to its net asset value (“NAV”). Additionally, the securities of closed-end investment companies in which the Fund will invest may be leveraged. As a result, the Fund may be indirectly exposed to leverage through an investment in such securities. An investment in securities of closed-end investment companies that use leverage may expose the Fund to higher volatility in the market value of such securities and the possibility that the Fund’s long-term returns on such securities (and, indirectly, the long-term returns of the Shares) will be diminished.

An investment in the Fund may be subject to risks which include, among others, market, municipal securities, high yield securities, credit, interest rate, call, tax, liquidity, leverage, anti-takeover measures, 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. New federal or state governmental action could adversely affect the tax-exempt status of securities held by the Fund, resulting in higher tax liability for shareholders and potentially hurting Fund performance as well. A portion of the distribution rate may be attributable to return of capital. A portion of the dividends you receive may be subject to the federal alternative minimum tax (AMT). There is no guarantee that Fund’s income will be exempt from federal, state or local income taxes, and changes in those tax rates or in alternative minimum tax or in the tax treatment of municipal bonds may make them less attractive as investments and cause them to lose value. 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.

NOT FDIC INSURED * NO BANK GUARANTEE * MAY LOSE VALUE

Distributed by Foreside Fund Services, LLC.