Westwood ETFs: Enhanced Midstream Income ETF (MDST), Enhanced Energy Income ETF (WEEI), Enhanced Income ETF (YLDW) and Enhanced Power & Infrastructure (PWRX)

Westwood ETFs are distributed by Northern Lights Distributors, LLC (Member FINRA). Northern Lights Distributors and Westwood ETFs (or Westwood Holdings Group, Inc.) are separate and unaffiliated.

To determine if this Fund is an appropriate investment for you, carefully consider the Fund’s investment objectives, risk factors, and charges and expenses before investing. This and other information can be found in the Fund’s prospectus, which may be obtained by calling 877.994.0755. Please read the prospectus carefully before investing.

YLDW and PWRX are newly formed and have limited operating history.

MDST and WEEI’s investments are concentrated in the energy infrastructure industry with an emphasis on securities issued by MLPs, which may increase price fluctuation. The value of commodity-linked investments such as the MLPs and energy infrastructure companies (including midstream MLPs and energy infrastructure companies) in which the Fund invests are subject to risks specific to the industry they serve, such as fluctuations in commodity prices, reduced volumes of available natural gas or other energy commodities, slowdowns in new construction and acquisitions, a sustained reduced demand for crude oil, natural gas and refined petroleum products, depletion of the natural gas reserves or other commodities, changes in the macroeconomic or regulatory environment, environmental hazards, rising interest rates and threats of attack by terrorists on energy assets, each of which could affect the Fund’s profitability.

WEBs ETFs: Defined Volatility QQQ ETF (DVQQ), Defined Volatility SPY ETF (DVSP), Defined Volatility XLB ETF (DVXB), Defined Volatility XLC ETF (DVXC), Defined Volatility XLE ETF (DVXE), Defined Volatility XLF ETF (DVXF), Defined Volatility XLK ETF (DVXK), Defined Volatility XLI ETF (DVIN), Defined Volatility XLRE ETF (DVRE), Defined Volatility XLU ETF (DVUT), Defined Volatility XLY ETF (DVXY), Defined Volatility XLP ETF (DVXP) and Defined Volatility XLV ETF (DVXV).

The Funds are distributed by Foreside Fund Services, LLC which is not affiliated with WEBs Investments, Westwood Holdings Group inc., U.S. Bank, or any of their affiliates.

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 844.455.9327 or visit our website at websinv.com. Read the prospectus or summary prospectus carefully before investing.

The Funds are newly formed and have limited operating history.

The Funds are passively managed ETFs listed for trading on the Exchange. The Fund implements its investment objective by investing, under normal market conditions, at least 80% of its net assets (including borrowings for investment purposes) in financial instruments that achieve the investment results of the Index. The Fund will, from time to time as determined by the Index, hold cash, cash-like instruments or high-quality fixed income securities to the extent the Underlying ETF concentrates (i.e., holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate its investments to approximately the same extent as the Underlying ETF. Because the Fund seeks exposure to the Underlying ETF, the Fund’s investment performance largely depends on the investment performance and associated risks of the Underlying ETF. A significant portion of the Underlying ETF is represented by securities of companies in the information technology sector. The Fund is classified as “non-diversified” which means that the Fund may invest a higher percentage of its assets in a fewer number of issuers than is permissible for a “diversified” fund. If for any reason the Fund is unable to rebalance all or a portion of its portfolio, or if all or a portion of the portfolio is rebalanced incorrectly, the Fund’s investment exposure may not be consistent ‘with the Fund’s investment objective. In these instances, the Fund may have investment exposure to the Index that is significantly greater or less than what is intended in its strategy. As a result, the Fund may be more exposed to leverage risk than if it had been properly rebalanced and may not achieve its investment objective.

There can be no assurance that the Fund will achieve its investment objective and could incur substantial losses. The Fund’s returns will likely differ in amount, and possibly even direction, from the returns of the Underlying ETF. These differences can be significant, the Fund could lose money regardless of the performance of its Underlying ETF and as a result of portfolio rebalancing, fees, the Underlying ETF’s volatility, compounding and other factors, the Fund is unlikely to match the performance of the Underlying ETF.