Fund Description: Premise Capital Frontier Advantage Diversified Tactical ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the ETF Series Solutions, an open-end investment management company. INVESTMENT OBJECTIVE: The Premise Capital Frontier Advantage Diversified Tactical ETF seeks to provide investment returns that closely correspond to the price and yield performance of the Premise Capital Frontier Advantage Diversified Tactical Index Index. INDEX DESCRIPTION: The Premise Capital Frontier Advantage Diversified Tactical Index consists of an investible portfolio of ETFs (Underlying ETFs) with exposure to major U.S. and non-U.S. asset classes. The weighting of each Underlying ETF is adjusted to (i) reduce exposure to individual asset classes determined to be in a downward trend (the Trend Adjustment) and (ii) reduce overall exposure to equity asset classes (and increase exposure to fixed income asset classes) as the aggregate size of equity asset classes determined to be in a downward trend grows (the Risk Adjustment). The Index universe consists of cash and Underlying ETFs that each principally track the performance of Fixed Income Asset Classes and Equity Asset Classes. The Underlying ETFs used by the Index are generally the largest, most liquid ETF tracking the performance of the applicable asset class. The Index is rebalanced annually in March and any time the Trend Algorithm determines that the trend for one or more asset classes has changed from upward to downward, or vice versa. FUND STRATEGY: 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 rules-based Index measures the performance of a diversified portfolio of exchange traded funds (ETFs) representing common global equity, fixed income, and cash asset classes. The Fund attempts to invest all, or substantially all, of its assets in the securities that make up the Index. The Fund will generally use a replication strategy to achieve its investment objective, meaning it generally will invest in all of the component securities of the Index, but may, when the Adviser believes it is in the best interests of the Fund, use a representative sampling strategy, meaning it may invest in a sample of the securities in the Index whose risk, return, and other characteristics are expected to closely resemble the risk, return, and other characteristics of the Index as a whole. Under normal circumstances, at least 80% of the Fund’s total assets (exclusive of collateral held from securities lending) will be invested in the component securities of the Index. FUND MANAGEMENT: Premise Capital, LLC serves as investment adviser to the Fund.