TCTL — Premise Capital Diversified Tactical ETF

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The investment seeks to track the performance, before fees and expenses, of the Premise Capital Frontier Advantage Diversified Tactical Index (the "index"). The fund is a "fund of funds" that employs a "passive management"-or indexing-investment approach designed to track the performance of the index. The index consists of an investible portfolio of ETFs ("Underlying ETFs") with exposure to major U.S. and non-U.S. asset classes. The advisor attempts to invest all, or substantially all, of its assets in the securities that make up the index.
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