Fund Description: Strategy Shares Newfound/ReSolve Robust Momentum ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Strategy Shares, an open-end investment management company. INVESTMENT OBJECTIVE: The Strategy Shares Newfound/ReSolve Robust Momentum ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Newfound/ReSolve Robust Equity Momentum Index. INDEX DESCRIPTION: the Newfound/ReSolve Robust Equity Momentum Index uses a quantitative, rules-based methodology to provide exposure to broad U.S. equity, international equity, and emerging market equity indices, to the extent that such equity indices are exhibiting positive momentum relative to U.S. Treasury market indices. The Index generally consists of exchange traded funds (ETFs) that track regional equity indices, representative of U.S. equities, developed international equities and emerging market equities (Regional Equity ETFs), as well as ETFs that track U.S. Treasury market indices, representative of short-term (i.e., 1-2 year maturity) U.S. Treasury notes and intermediate-term (i.e., 7-10 year maturity) U.S. Treasury bonds (U.S. Treasury ETFs). The Regional Equity ETFs that may be included in the Index invest in the equity securities, including common stock and American Depository Receipts (ADRs), of companies of any market capitalization that are traded on foreign or U.S. exchanges. The Index typically includes between one and five ETFs. Because the Index is comprised of securities issued by other investment companies, the Fund operates as a fund of funds. The allocations to Regional Equity ETFs within the Index are determined by proprietary quantitative models that include momentum and trend following factors that are evaluated over various time horizons. The weightings of Regional Equity ETFs within the Index are determined based on measures of the momentum of the global equity markets relative to the momentum of U.S. Treasury securities. The Index will include U.S. Treasury ETFs when Regional Equity ETFs exhibit negative momentum and trend following characteristics versus the U.S. Treasury markets. The Fund may have 100% portfolio exposure to U.S. Treasury ETFs under such circumstances. The Index is rebalanced weekly and is reconstituted annually. FUND STRATEGY: The Fund employs a passive management (or indexing) investment approach designed to track the total return performance of the Index. The Fund generally will use a replication methodology, meaning it will seek to invest in all of the ETFs comprising the Index in proportion to the weightings in the Index. However, under various circumstances, the Fund may use a representative sampling strategy, whereby the Fund would invest in what it believes to be a representative sample of the component securities of the Index. To the extent the Fund uses a representative sampling strategy, it may not track the Index with the same degree of accuracy as would an investment vehicle replicating the entire Index. FUND MANAGEMENT: Rational Advisors, Inc. is the Fund’s investment advisor.