|1 Month||3 Month||1 Year||SINCE INCEPTION* annualized|
|S&P 500 Index||3.71||-4.60||15.65||18.90*|
|Cannabis World Index||6.50||-10.00||-60.71||-41.23*|
The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end performance, please see above.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.
*Inception date February 22, 2019
Effective as of the close of business on September 24, 2021, the ETF acquired the assets and assumed the performance, financial and other historical information of the Cannabis Growth Fund, an open-end mutual fund (incepted February 22, 2019). The ETF’s investment objectives, strategies and policies are substantially similar to those of the predecessor mutual fund and it was managed by the same portfolio managers. Performance information for periods prior to September 24, 2021 is the historical performance of the predecessor mutual fund and reflects the higher operating expenses of the predecessor mutual fund. The ETF has lower expenses than the predecessor mutual fund. For periods prior to September 24, 2021, the fund’s performance would have been higher than shown had it operated with the fund’s current expense levels.
BUDX Gross (Net) Expense Ratio: 11.95% (0.79%)
The Fund’s advisor has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (excluding any taxes, leverage interest, brokerage commissions, dividend and interest expenses on short sales, acquired fund fees and expenses (as determined in accordance with SEC Form N-1A), expenses incurred in connection with any merger or reorganization, and extraordinary expenses such as litigation expenses) do not exceed 0.65% of the Fund’s average daily net assets. This agreement is in effect until May 31, 2031, and it may be terminated before that date only by the Trust’s Board of Trustees.
The S&P 500 Index: The S&P 500 Index is a market capitalization-weighted index of 500 widely held common stocks. The index does not reflect expenses, fees or sales charge, which would lower performance. The index is unmanaged.
Cannabis World Index: The Cannabis World Index measures the performance of exchange traded equity securities of companies that are engaged exclusively in legal cannabis activities under applicable national and local laws, including U.S. federal and state laws. The index does not reflect expenses, fees or sales charge, which would lower performance. The index is unmanaged.
You cannot invest directly in an index.