At Armada, we believe that real estate is personal. Every individual—across all ages and socio-economic levels—touches real estate. While ownership or the ability to invest in property may be out of reach for many, our goal is to provide broad access to the real estate asset class. Investors should consider the investment objectives, risks, charges and expenses carefully before investing. FOR A PROSPECTUS OR SUMMARY PROSPECTUS WITH THIS AND OTHER INFORMATION ABOUT THE FUND, PLEASE CALL (800) 693-8288 OR VISIT OUR WEBSITE AT WWW.ARMADAETFS.COM. READ THE PROSPECTUS OR SUMMARY PROSPECTUS CAREFULLY BEFORE INVESTING. Investments involve risk. Principal loss is possible. Unlike mutual funds, ETFs may trade at a premium or discount to their net asset value. Brokerage commissions may apply and would reduce returns. The fund is new and has limited operating history to judge. Fund Risks: The Fund is classified as a non-diversified investment company. The Fund may invest a greater portion of its assets in the securities of a single issuer or a smaller number of issuers than if it was a diversified fund. To the extent that the Fund invests in other funds, a shareholder will bear two layers of asset-based expenses, which could reduce returns compared to a direct investment in the underlying funds. Distributed by Foreside Fund Services LLC