Carefully consider the Funds' investment objectives, risk factors, charges and expenses before investing. This and additional information can be found in the Funds' prospectuses, which may be obtained by calling 855-267-3837. Read the prospectus carefully before investing.
Investing involves risk, including the possible loss of principal. The fund is new with limited operating history. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. You could lose money by investing in the Fund. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency. There can be no assurance that the Fund’s investment objective will be achieved. The Fund will invest in five ETFs. The shares of an ETF trade like common stock and represent a portfolio of securities. The risks of owning an ETF generally reflect the risks of owning the underlying securities, although ETFs have management fees that increase their costs. The Fund and the ETFs in which the Fund invests invest in equity securities. The value of the Shares will fluctuate with changes in the value of these equity securities. The Fund is not actively managed. The Fund invests in securities included in its Index regardless of their investment merit. The ETFs in which the Fund invests may be concentrated to a significant degree in a single industry or sector. An ETF concentrated in a single industry or sector presents more risks than a fund that is broadly diversified over several industries or sectors. The ETFs in which the Fund invests may invest in large, mid and small capitalization stocks. As a result, the Index and therefore the Fund will comprise large, mid and small capitalization stocks to the same extent. As a result, the Fund may be exposed to additional risk associated with mid and small capitalization companies. Because the Fund is non-diversified and can invest a greater portion of its assets in securities of individual issuers than a diversified fund, changes in the market value of a single investment could cause greater fluctuations in Share price than would occur in a diversified fund.
The Prime 5 U.S. Dividend ETF Index (the “Index”) seeks to provide targeted exposure to the five highest-ranked dividend ETFs (the “Prime 5”) based on the Prime Scoring and Selection Criteria. The Adviser believes that the Prime 5 offers the potential for increased income, diversification and reduced share price volatility versus other dividend-focused ETFs. It is not possible to directly invest in an index.
Prime Indexes is the Index Provider for the Fund. Prime Indexes is not affiliated with the Trust, the Investment Adviser or the distributor. The Investment Adviser has entered into a license agreement with Prime Indexes to use the Prime 5 U.S. Dividend ETF Index. The Fund is entitled to use its Index pursuant to a sub-licensing arrangement with the Investment Adviser.
Diversification does not assure a profit or protect against a loss in a declining market. Amplify Investments LLC serves as the investment adviser and Penserra Capital Management LLC serves as sub adviser to the fund. Amplify ETFs are distributed by Quasar Distributors LLC.