Home GBLO | Global Beta Low Beta ETF - Global Beta Low Beta ETF

What Can GBLO Do For Your Portfolio

Aimed and designed to provide exposure in domestic large cap names with the lowest systematic risk to the broad market.

Designed to help investors mitigate downside risk during periods of high volatility in the market.

Through the screening process, the fund intends to provide an overall portfolio with better relative valuations than its peers.

Investment Objective

The Global Beta Low Beta ETF seeks to track the performance (before fees and expenses) of the Global Beta Low Beta Factor Index. The index is composed of stocks in the S&P 500 index with the lowest relative beta to the S&P 500.

Beta: is a measure of the volatility–or systematic risk–of a security or portfolio compared to the market as a whole.

Summary Characteristics

# of Securities	102
Market Capitalization	146,574.81
ActiveShare*	80.99
Dividend Yield	2.74
Price/Earnings	18.54
Price/Cash Flow	9.43
Price/Book	3.13
Price/Sales	0.57

As of 3/31/22
*Active Share versus the S&P 500 Index

Fund Details

As of date

Ticker
CUSIP
Net Assets
Shares Outstanding
NAV
NAV Change Dollars
NAV Change Percentage	test%

Market Price
Market Price Change Dollars
Market Price Change Percentage	test%
Premium/Discount	test%
Median 30 Day Spread	test%
Fund Inception	7-24-20
Dividends Paid	Quarterly

Performance

As of 4/30/22

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-0.59	3.16	1.99	15.65	19.22
Global Beta Low Beta ETF Market Price	-0.88	3.05	1.86	15.66	19.18
Global Beta Low Beta Index	-0.55	3.46	2.29	16.55	19.86
S&P 500 Index	-8.72	-8.17	-12.92	0.21	16.52

As of 3/31/22

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	4.75	2.59	2.59	21.28	20.67
Global Beta Low Beta ETF Market Price	4.95	2.77	2.77	21.36	20.84
Global Beta Low Beta Index	4.98	2.85	2.85	22.13	21.31
S&P 500 Index	3.71	-4.60	-4.60	15.65	23.91

As of 2/28/22

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-0.93	6.83	-2.06	23.89	18.40
Global Beta Low Beta ETF Market Price	-0.94	6.84	-2.09	23.55	18.43
Global Beta Low Beta Index	-0.91	7.14	-2.03	24.49	18.90
S&P 500 Index	-2.99	-3.89	-8.01	16.39	22.51

As of 1/31/22

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-1.14	5.89	-1.14	21.32	20.15
Global Beta Low Beta ETF Market Price	-1.16	5.95	-1.16	21.45	20.18
Global Beta Low Beta Index	-1.13	6.24	-1.13	22.08	20.66
S&P 500 Index	-5.17	-1.61	-5.17	23.29	26.25

As of 12/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	9.07	10.43	22.80	22.80	22.42
Global Beta Low Beta ETF Market Price	9.12	10.42	22.88	22.88	22.47
Global Beta Low Beta Index	9.36	10.86	23.50	23.50	22.97
S&P 500 Index	4.48	11.03	28.71	28.71	32.81

As of 11/30/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-1.75	-3.00	12.58	13.56	16.29
Global Beta Low Beta ETF Market Price	-1.82	-3.06	12.61	13.68	16.31
Global Beta Low Beta Index	-1.74	-3.08	12.92	13.94	16.61
S&P 500 Index	-0.69	1.32	23.18	27.92	30.89

As of 10/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	3.13	0.58	14.58	25.02	19.07
Global Beta Low Beta ETF Market Price	3.07	0.68	14.69	25.44	19.15
Global Beta Low Beta Index	3.16	0.50	14.92	25.47	19.41
S&P 500 Index	7.01	5.13	24.04	42.91	33.91

As of 9/30/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-4.27	0.07	11.10	17.08	17.47
Global Beta Low Beta ETF Market Price	-4.20	0.14	11.28	17.05	17.62
Global Beta Low Beta Index	-4.39	-0.01	11.40	17.50	17.81
S&P 500 Index	-4.65	0.58	15.92	30.00	29.16

As of 8/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	1.87	4.97	16.06	19.59	23.67
Global Beta Low Beta ETF Market Price	1.97	4.93	16.16	19.60	23.76
Global Beta Low Beta Index	1.89	5.25	16.51	20.08	24.18
S&P 500 Index	3.04	7.95	21.58	31.17	37.43

As of 7/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	2.62	5.21	13.93	22.32	23.61
Global Beta Low Beta ETF Market Price	2.52	5.28	13.92	22.60	23.59
Global Beta Low Beta Index	2.64	5.50	14.35	22.86	24.14
S&P 500 Index	2.38	5.50	17.99	36.45	37.03

As of 6/30/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	0.41	6.88	11.02		21.01
Global Beta Low Beta ETF Market Price	0.38	6.80	11.12		21.11
Global Beta Low Beta Index	0.64	7.13	11.41		21.53
S&P 500 Index	2.33	8.55	15.25		34.78

As of 5/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	2.10	13.89	10.57		20.52
Global Beta Low Beta ETF Market Price	2.30	13.68	10.70		20.66
Global Beta Low Beta Index	2.14	13.91	10.70		20.75
S&P 500 Index	0.70	10.72	12.62		31.71

As of 4/30/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	4.25	8.33	8.29		18.03
Global Beta Low Beta ETF Market Price	4.00	8.10	8.21		17.94
Global Beta Low Beta Index	4.22	8.37	8.39		18.23
S&P 500 Index	5.34	12.98	11.84		30.79

As of 3/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	7.00	3.87	3.87		13.22
Global Beta Low Beta ETF Market Price	6.84	4.05	4.05		13.40
Global Beta Low Beta Index	7.01	4.00	4.00		13.44
S&P 500 Index	4.38	6.17	6.17		24.17

As of 2/28/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-2.88	-2.08	-2.92		5.81
Global Beta Low Beta ETF Market Price	-2.72	-1.69	-2.61		6.14
Global Beta Low Beta Index	-2.83	-1.94	-2.82		6.01
S&P 500 Index	-2.76	5.63	1.72		18.96

As of 1/31/21

Fund Name	1 Month	3 Month	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-0.04	9.06	-0.04		8.95
Global Beta Low Beta ETF Market Price	0.11	9.48	0.11		9.11
Global Beta Low Beta Index	0.02	9.20	0.02		9.1
S&P 500 Index	-1.01	14.05	-1.01		15.76

As of 12/31/20

Fund Name	1 Month	QTD	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	0.87	5.38			9.00
Global Beta Low Beta ETF Market Price	0.95	5.19			8.99
Global Beta Low Beta Index	0.90	5.47			9.08
S&P 500 Index	3.84	12.15			16.95

As of 11/30/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	8.17				8.06
Global Beta Low Beta ETF Market Price	8.34				7.97
Global Beta Low Beta Index	8.21				8.11
S&P 500 Index	10.95				12.62

As of 10/31/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-3.42				-0.10
Global Beta Low Beta ETF Market Price	-3.82				-0.34
Global Beta Low Beta Index	-3.40				-0.09
S&P 500 Index	-2.66				1.50

As of 9/30/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	-2.22				3.44
Global Beta Low Beta ETF Market Price	-2.12				3.62
Global Beta Low Beta Index	-2.29				3.42
S&P 500 Index	-3.80				4.28

As of 8/31/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV	4.20				5.78
Global Beta Low Beta ETF Market Price	4.52				5.86
Global Beta Low Beta Index	4.25				5.84
S&P 500 Index	7.19				8.40

As of 7/31/20

Fund Name	1 Month	Q2 2020	YTD	1 Year	Since Inception (7/24/20)
Global Beta Low Beta ETF NAV					1.52
Global Beta Low Beta ETF Market Price					1.28
Global Beta Low Beta Index					1.52
S&P 500 Index					1.13

Total Expense Ratio .29%

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (833) 933-2083.

Investors will incur usual and customary brokerage commissions when buying or selling shares of the exchange-traded funds (“ETFs”) in the secondary market, and that , if reflected, the brokerage commissions would reduce the performance returns. Shares are bought and sold at market price (not NAV) and are not individually redeemable from the fund. All performance figures assume reinvestment of dividend and capital gains at net asset value; actual returns may differ. Performance 1-year and less are cumulative; performance over 1-year are average annualized total returns. A Fund’s NAV is the sum of all its assets less any liabilities, divided by the number of shares outstanding. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time, when the NAV is typically calculated. They do not represent the returns you would receive if you traded shares at other times. Index performance does not represent Global Beta Smart Income ETF performance. It is not possible to invest directly in an index.

Insights & Perspectives

GBLO March 2022 Rebalance Announcement

Justin Lowry on Why Growth Valuations Matter for FactSet

Read

Downloads

Guide to Trading Low Volume ETFs

Portfolio Construction Guide During High Valuations Brochure

Prospectus

Strategy

The Global Beta Low Beta ETF tracks the Global Beta Low Beta Factor Index in an eﬀort to provide downside mitigation to investors looking to invest in equity markets. Global Beta Advisor’s (”GBA”) partnered with S&P to provide an initial index universe for GBA to apply it's methodology. GBA believes that S&P is a best-in-class index provider, such that GBA's starting universe is already vetted for criteria such as liquidity and quality. The index is designed to reﬂect the performance of constituents from the S&P 500 with the lowest beta relative to the S&P 500 and re-weighted based on revenue. To mitigate concentration risk at the issuer level, GBA caps each individual index constituent at 5% during each quarterly rebalance. GBA's mission is to deliver a strategy that seeks to provide our investors with strong downside investment mitigation in periods of high market volatility.

Global Beta Low Beta ETF Yield

As of 4-30-22

SEC Yield	2.35%
Trailing 12-month Yield	2.75%
Dividend Distribution Rate	$0.16
Annualized Distribution Yield	3.12%

The 30-day SEC Yield calculation is computed under the SEC standardized formula based on net income earned over the past 30 days. The yield does not represent actual distributions to fund shareholders.

The 12-month trailing yield an investor would have received if they had held the fund over the last twelve months assuming the most recent NAV. The 12-Month yield is calculated by assuming any income distributions over the past twelve months and dividing by the sum of the most recent NAV and any capital gain distributions made over the past twelve months.

Dividend Distribution Rate: The dividend distribution rate is the dividend per share paid to shareholders as of the most recent distribution date.

Annualized Distribution Yield: The calculation for distribution yields takes the distribution paid to shareholders over the past 12 months and divides that figure by the net asset value (NAV) to determine the distribution yield.

Distributions

Distribution Type	Per share Distribution	Ex-Dividend Date	Record Date	Payable Date
Dividend	.16	September 16, 2021	September 17, 2021	September 22, 2021

Composition

As of 3-31-22

Holdings

*Holdings are subject to change

As of date

Date	Account	Ticker	CUSIP	SecurityName	Shares	Price	MarketValue	Weightings (%)	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag
20/05/2022	GBLO	ABBV	00287Y109	ABBVIE INC	319	151.72	48,398.68	1.51	3,202,287	125,000	5
20/05/2022	GBLO	ABC	03073E105	AMERISOURCEBERGEN CORP	1068	149.38	159,537.84	4.98	3,202,287	125,000	5
20/05/2022	GBLO	ADM	039483102	ARCHER DANIELS MIDLAND CO	911	83.86	76,396.46	2.39	3,202,287	125,000	5
20/05/2022	GBLO	AEE	023608102	AMEREN CORP	64	92.48	5,918.72	0.18	3,202,287	125,000	5
20/05/2022	GBLO	AEP	025537101	AMERICAN ELEC PWR CO INC	155	99.04	15,351.20	0.48	3,202,287	125,000	5
20/05/2022	GBLO	ALL	020002101	ALLSTATE CORP	352	125.79	44,278.08	1.38	3,202,287	125,000	5
20/05/2022	GBLO	AMGN	031162100	AMGEN INC	99	244.77	24,232.23	0.76	3,202,287	125,000	5
20/05/2022	GBLO	ATO	049560105	ATMOS ENERGY CORP	29	110.69	3,210.01	0.10	3,202,287	125,000	5
20/05/2022	GBLO	ATVI	00507V109	ACTIVISION BLIZZARD INC	99	77.74	7,696.26	0.24	3,202,287	125,000	5
20/05/2022	GBLO	AWK	030420103	AMERICAN WTR WKS CO INC NEW	21	145.05	3,046.05	0.10	3,202,287	125,000	5
20/05/2022	GBLO	BALL	058498106	BALL CORP	135	69.7	9,409.50	0.29	3,202,287	125,000	5
20/05/2022	GBLO	BAX	071813109	BAXTER INTL INC	144	72.6	10,454.40	0.33	3,202,287	125,000	5
20/05/2022	GBLO	BDX	075887109	BECTON DICKINSON & CO	68	251.14	17,077.52	0.53	3,202,287	125,000	5
20/05/2022	GBLO	BF/B	115637209	BROWN FORMAN CORP	50	61.92	3,096.00	0.10	3,202,287	125,000	5
20/05/2022	GBLO	BIIB	09062X103	BIOGEN INC	49	193.09	9,461.41	0.30	3,202,287	125,000	5
20/05/2022	GBLO	BMY	110122108	BRISTOL-MYERS SQUIBB CO	589	75.96	44,740.44	1.40	3,202,287	125,000	5
20/05/2022	GBLO	CAG	205887102	CONAGRA BRANDS INC	309	31.74	9,807.66	0.31	3,202,287	125,000	5
20/05/2022	GBLO	CAH	14149Y108	CARDINAL HEALTH INC	2812	55.83	156,993.96	4.90	3,202,287	125,000	5
20/05/2022	GBLO	CERN	156782104	CERNER CORP	53	93.92	4,977.76	0.16	3,202,287	125,000	5
20/05/2022	GBLO	CHD	171340102	CHURCH & DWIGHT CO INC	45	88.22	3,969.90	0.12	3,202,287	125,000	5
20/05/2022	GBLO	CHRW	12541W209	C H ROBINSON WORLDWIDE INC	208	101.19	21,047.52	0.66	3,202,287	125,000	5
20/05/2022	GBLO	CHTR	16119P108	CHARTER COMMUNICATIONS INC NEW CL A	81	474.57	38,440.17	1.20	3,202,287	125,000	5
20/05/2022	GBLO	CL	194162103	COLGATE PALMOLIVE CO	204	75.12	15,324.48	0.48	3,202,287	125,000	5
20/05/2022	GBLO	CLX	189054109	CLOROX CO DEL	49	138.15	6,769.35	0.21	3,202,287	125,000	5
20/05/2022	GBLO	CMS	125896100	CMS ENERGY CORP	95	69.21	6,574.95	0.21	3,202,287	125,000	5
20/05/2022	GBLO	CNP	15189T107	CENTERPOINT ENERGY INC	251	30.66	7,695.66	0.24	3,202,287	125,000	5
20/05/2022	GBLO	CPB	134429109	CAMPBELL SOUP CO	169	46.06	7,784.14	0.24	3,202,287	125,000	5
20/05/2022	GBLO	CTRA	127097103	COTERRA ENERGY INC	129	30.42	3,924.18	0.12	3,202,287	125,000	5
20/05/2022	GBLO	CTXS	177376100	CITRIX SYS INC	29	99.46	2,884.34	0.09	3,202,287	125,000	5
20/05/2022	GBLO	CVS	126650100	CVS HEALTH CORP	1511	93.14	140,734.54	4.39	3,202,287	125,000	5
20/05/2022	GBLO	CVX	166764100	CHEVRON CORP NEW	872	166.86	145,501.92	4.54	3,202,287	125,000	5
20/05/2022	GBLO	D	25746U109	DOMINION ENERGY INC	153	82.21	12,578.13	0.39	3,202,287	125,000	5
20/05/2022	GBLO	DG	256677105	DOLLAR GEN CORP NEW	140	201.33	28,186.20	0.88	3,202,287	125,000	5
20/05/2022	GBLO	DGX	74834L100	QUEST DIAGNOSTICS INC	68	140.07	9,524.76	0.30	3,202,287	125,000	5
20/05/2022	GBLO	DLR	253868103	DIGITAL RLTY TR INC	29	127.67	3,702.43	0.12	3,202,287	125,000	5
20/05/2022	GBLO	DTE	233331107	DTE ENERGY CO	104	128.82	13,397.28	0.42	3,202,287	125,000	5
20/05/2022	GBLO	DUK	26441C204	DUKE ENERGY CORP NEW	211	108.95	22,988.45	0.72	3,202,287	125,000	5
20/05/2022	GBLO	EA	285512109	ELECTRONIC ARTS INC	49	130.02	6,370.98	0.20	3,202,287	125,000	5
20/05/2022	GBLO	ED	209115104	CONSOLIDATED EDISON INC	134	94.82	12,705.88	0.40	3,202,287	125,000	5
20/05/2022	GBLO	EIX	281020107	EDISON INTL	199	65.85	13,104.15	0.41	3,202,287	125,000	5
20/05/2022	GBLO	ES	30040W108	EVERSOURCE ENERGY	104	89.44	9,301.76	0.29	3,202,287	125,000	5
20/05/2022	GBLO	ETR	29364G103	ENTERGY CORP NEW	93	115.67	10,757.31	0.34	3,202,287	125,000	5
20/05/2022	GBLO	EVRG	30034W106	EVERGY INC	75	66.7	5,002.50	0.16	3,202,287	125,000	5
20/05/2022	GBLO	EXC	30161N101	EXELON CORP	735	47.35	34,802.25	1.09	3,202,287	125,000	5
20/05/2022	GBLO	FE	337932107	FIRSTENERGY CORP	220	42.02	9,244.40	0.29	3,202,287	125,000	5
20/05/2022	GBLO	GILD	375558103	GILEAD SCIENCES INC	414	63.27	26,193.78	0.82	3,202,287	125,000	5
20/05/2022	GBLO	GIS	370334104	GENERAL MLS INC	259	66.13	17,127.67	0.53	3,202,287	125,000	5
20/05/2022	GBLO	HII	446413106	HUNTINGTON INGALLS INDS INC	42	200.73	8,430.66	0.26	3,202,287	125,000	5
20/05/2022	GBLO	HOLX	436440101	HOLOGIC INC	69	78.12	5,390.28	0.17	3,202,287	125,000	5
20/05/2022	GBLO	HRL	440452100	HORMEL FOODS CORP	201	47.81	9,609.81	0.30	3,202,287	125,000	5
20/05/2022	GBLO	HSY	427866108	HERSHEY CO	39	205.12	7,999.68	0.25	3,202,287	125,000	5
20/05/2022	GBLO	HUM	444859102	HUMANA INC	167	432	72,144.00	2.25	3,202,287	125,000	5
20/05/2022	GBLO	IBM	459200101	INTERNATIONAL BUSINESS MACHS COM	404	129.66	52,382.64	1.64	3,202,287	125,000	5
20/05/2022	GBLO	INCY	45337C102	INCYTE CORP	35	74.34	2,601.90	0.08	3,202,287	125,000	5
20/05/2022	GBLO	JNJ	478160104	JOHNSON & JOHNSON	471	173.94	81,925.74	2.56	3,202,287	125,000	5
20/05/2022	GBLO	K	487836108	KELLOGG CO	205	68	13,940.00	0.44	3,202,287	125,000	5
20/05/2022	GBLO	KHC	500754106	KRAFT HEINZ CO	615	38.56	23,714.40	0.74	3,202,287	125,000	5
20/05/2022	GBLO	KMB	494368103	KIMBERLY-CLARK CORP	142	129.05	18,325.10	0.57	3,202,287	125,000	5
20/05/2022	GBLO	KO	191216100	COCA COLA CO	574	60	34,440.00	1.08	3,202,287	125,000	5
20/05/2022	GBLO	KR	501044101	KROGER CO	2136	48	102,528.00	3.20	3,202,287	125,000	5
20/05/2022	GBLO	LDOS	525327102	LEIDOS HOLDINGS INC	117	101.52	11,877.84	0.37	3,202,287	125,000	5
20/05/2022	GBLO	LH	50540R409	LABORATORY CORP AMER HLDGS	53	246.43	13,060.79	0.41	3,202,287	125,000	5
20/05/2022	GBLO	LHX	502431109	L3HARRIS TECHNOLOGIES INC	61	232.74	14,197.14	0.44	3,202,287	125,000	5
20/05/2022	GBLO	LMT	539830109	LOCKHEED MARTIN CORP	133	425.62	56,607.46	1.77	3,202,287	125,000	5
20/05/2022	GBLO	LNT	018802108	ALLIANT ENERGY CORP	51	58.5	2,983.50	0.09	3,202,287	125,000	5
20/05/2022	GBLO	MCK	58155Q103	MCKESSON CORP	556	319.13	177,436.28	5.54	3,202,287	125,000	5
20/05/2022	GBLO	MDLZ	609207105	MONDELEZ INTL INC	416	61.11	25,421.76	0.79	3,202,287	125,000	5
20/05/2022	GBLO	MKC	579780206	MCCORMICK & CO INC	55	89.44	4,919.20	0.15	3,202,287	125,000	5
20/05/2022	GBLO	MO	02209S103	ALTRIA GROUP INC	363	51.09	18,545.67	0.58	3,202,287	125,000	5
20/05/2022	GBLO	MRK	58933Y105	MERCK & CO INC	552	92.09	50,833.68	1.59	3,202,287	125,000	5
20/05/2022	GBLO	NEE	65339F101	NEXTERA ENERGY INC	184	70.46	12,964.64	0.40	3,202,287	125,000	5
20/05/2022	GBLO	NEM	651639106	NEWMONT CORP	150	66.11	9,916.50	0.31	3,202,287	125,000	5
20/05/2022	GBLO	NI	65473P105	NISOURCE INC	141	30.31	4,273.71	0.13	3,202,287	125,000	5
20/05/2022	GBLO	NOC	666807102	NORTHROP GRUMMAN CORP	71	448.5	31,843.50	0.99	3,202,287	125,000	5
20/05/2022	GBLO	PEAK	42250P103	HEALTHPEAK PROPERTIES INC.	50	29.28	1,464.00	0.05	3,202,287	125,000	5
20/05/2022	GBLO	PEG	744573106	PUBLIC SVC ENTERPRISE GRP INC COM	130	67.67	8,797.10	0.27	3,202,287	125,000	5
20/05/2022	GBLO	PEP	713448108	PEPSICO INC	442	161.2	71,250.40	2.22	3,202,287	125,000	5
20/05/2022	GBLO	PFE	717081103	PFIZER INC	1378	50.65	69,795.70	2.18	3,202,287	125,000	5
20/05/2022	GBLO	PG	742718109	PROCTER AND GAMBLE CO	462	141.7	65,465.40	2.04	3,202,287	125,000	5
20/05/2022	GBLO	PGR	743315103	PROGRESSIVE CORP	398	110.42	43,947.16	1.37	3,202,287	125,000	5
20/05/2022	GBLO	PKG	695156109	PACKAGING CORP AMER	45	150.49	6,772.05	0.21	3,202,287	125,000	5
20/05/2022	GBLO	PM	718172109	PHILIP MORRIS INTL INC	302	100.5	30,351.00	0.95	3,202,287	125,000	5
20/05/2022	GBLO	PNW	723484101	PINNACLE WEST CAP CORP	45	75.53	3,398.85	0.11	3,202,287	125,000	5
20/05/2022	GBLO	PPL	69351T106	PPL CORP	191	29.21	5,579.11	0.17	3,202,287	125,000	5
20/05/2022	GBLO	PSA	74460D109	PUBLIC STORAGE	9	309.77	2,787.93	0.09	3,202,287	125,000	5
20/05/2022	GBLO	REGN	75886F107	REGENERON PHARMACEUTICALS	21	657.15	13,800.15	0.43	3,202,287	125,000	5
20/05/2022	GBLO	SJM	832696405	SMUCKER J M CO	54	126.36	6,823.44	0.21	3,202,287	125,000	5
20/05/2022	GBLO	SO	842587107	SOUTHERN CO	298	73.33	21,852.34	0.68	3,202,287	125,000	5
20/05/2022	GBLO	SRE	816851109	SEMPRA	73	161.89	11,817.97	0.37	3,202,287	125,000	5
20/05/2022	GBLO	STZ	21036P108	CONSTELLATION BRANDS INC	34	234.83	7,984.22	0.25	3,202,287	125,000	5
20/05/2022	GBLO	T	00206R102	AT&T INC	6475	20.21	130,859.75	4.09	3,202,287	125,000	5
20/05/2022	GBLO	TSN	902494103	TYSON FOODS INC	514	84.12	43,237.68	1.35	3,202,287	125,000	5
20/05/2022	GBLO	TTWO	874054109	TAKE-TWO INTERACTIVE SOFTWARE COM	20	119.76	2,395.20	0.07	3,202,287	125,000	5
20/05/2022	GBLO	VRTX	92532F100	VERTEX PHARMACEUTICALS INC	27	255.45	6,897.15	0.22	3,202,287	125,000	5
20/05/2022	GBLO	VZ	92343V104	VERIZON COMMUNICATIONS INC	2242	49.1	110,082.20	3.44	3,202,287	125,000	5
20/05/2022	GBLO	WEC	92939U106	WEC ENERGY GROUP INC	79	102.87	8,126.73	0.25	3,202,287	125,000	5
20/05/2022	GBLO	WM	94106L109	WASTE MGMT INC DEL	102	152.77	15,582.54	0.49	3,202,287	125,000	5
20/05/2022	GBLO	WMB	969457100	WILLIAMS COS INC	300	35.02	10,506.00	0.33	3,202,287	125,000	5
20/05/2022	GBLO	WMT	931142103	WALMART INC	1109	119.07	132,048.63	4.12	3,202,287	125,000	5
20/05/2022	GBLO	XEL	98389B100	XCEL ENERGY INC	169	75.01	12,676.69	0.40	3,202,287	125,000	5
20/05/2022	GBLO	XOM	30231G102	EXXON MOBIL CORP	2095	91.14	190,938.30	5.96	3,202,287	125,000	5
20/05/2022	GBLO	Cash&Other	Cash&Other	Cash & Other	8936	1	8,936.59	0.28	3,202,287	125,000	5	Y
												MoneyMarketFlag

Resources

Fund Name	Fund Ticker	CUSIP	Net Assets	Shares Outstanding	NAV	NAV Change Dollars	NAV Change Percentage	Market Price	Market Price Change Dollars	Market Price Change Percentage	Premium/Discount	Median 30 Day Spread	Rate Date
Global Beta Low Beta ETF	GBLO	37959X209	3202292.46	125,000.00	25.62	-0.16	-0.63	25.64	-0.13	-0.49	0.09	0.11	05/19/2022

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	Since Inception Cumulative	1 Year	3 Year	5 Year	Since Inception Annualized	Date
Global Beta Smart Income ETF	GBDV NAV	1.97	16.58	-24.79	-24.79	-24.82	-	-	-	-	06/30/2020
Global Beta Smart Income ETF	GBDV MKT	2.4	16.53	-24.92	-24.92	-24.78	-	-	-	-	06/30/2020

Fund Name	Fund Ticker	CUSIP	Net Assets	Shares Outstanding	NAV	NAV Change Dollars	NAV Change Percentage	Market Price	Market Price Change Dollars	Market Price Change Percentage	Premium/Discount	Median 30 Day Spread	Rate Date	true 30 day spread
Global Beta Smart Income ETF	GBDV	09/10/0100	1,425,615.18	100,000	14.26	-0.35	-2.42	14.27	-0.43	-2.94	0.11	0.49	07/07/2020	6.99

Distributor: Compass Distributor, LLC

Before investing you should carefully consider the Fund’s investment objectives, risks, charges, and expenses. This and other information is in the prospectus or summary prospectus. A copy may be obtained by visiting www.globalbetaetfs.com or calling (833) 933-2083. Please read the prospectus or summary prospectus carefully before investing.

Risk Considerations

Investing involves risk including the possible loss of principal. There can be no guarantee that the Fund will achieve its investment objective. The Funds are subject to the principal investment risks noted below, any of which may adversely affect the Fund’s net asset value (“NAV”), trading price, yield, total return and ability to meet its investment objective.

Non-diversified risk. The Fund is considered “non-diversified” and may be more susceptible to a single adverse economic or regulatory occurrence affecting one or more of these issuers, experience increased volatility and be highly invested in certain issuers than a diversified fund.

Factor Risk. The fund’s underlying index, and thus the Fund, seeks to achieve specific factor exposures. There can be no assurance that targeting specific factors will enhance the Fund’s performance over time, and targeting exposure to those factors may detract from performance in some market environments.

Growth Securities Risk. The Fund invests in growth securities, which may be more volatile than other types of investments, may perform differently than the market as a whole and may underperform when compared to securities with different investment parameters. Under certain market conditions, growth securities have performed better during the later stages of economic recovery (although there is no guarantee that they will continue to do so). Therefore, growth securities may go in and out of favor over time.

Momentum Securities Risk. Stocks that previously exhibited high momentum characteristics may not experience positive momentum or may experience more volatility than the market as a whole.

Small- and Mid-Capitalization Securities Risk. The securities of small- and mid-capitalization companies generally trade in lower volumes and are subject to greater and more unpredictable price changes than larger capitalization stocks or the stock market as a whole. Small- and mid-capitalization companies may be particularly sensitive to changes in interest rates, government regulation, borrowing costs, and earnings.

GBLO | Global Beta Low Beta ETF