FOR INSTITUTIONAL USE ONLY
Adaptive Alpha Opportunities ETF - Monthly Commentary - July 2023:
During the month of July, Adaptive Alpha Opportunities ETF (AGOX) maintained portfolio tilts towards the Technology , Industrials, and Financial Services sectors. The ETF returned 2.80% for the month of July, underperforming the Morningstar Moderate Aggressive benchmark which returned 3.19%
The performance information quoted here represents past performance, which is not a 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. To obtain Fund performance information current to the most recent month-end, please call 1-800-773-3863, or visit www.adaptiveetfs.com
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Investors should consider the investment objective, management fees, risks, charges and expenses of the Fund carefully before investing or sending money. The Prospectus and Summary Prospectus contains this and other information about the Fund. For a current Prospectus and/or Summary Prospectus, call 800-773-3863. Please read the Prospectus and/or Summary Prospectus carefully before you invest. Current and future holdings are subject to change and risk
An investment in the Adaptive Alpha Opportunities ETF is subject to investment risks, including the possible loss of some or the entire principal amount invested. There can be no assurance that the Adaptive Alpha Opportunities ETF will be successful in meeting its investment objectives. Investments in the Adaptive Alpha Opportunities ETF is also subject to the following risks: Common Stock Risk: The Fund’s investments in shares of common stock, both directly and indirectly, through the Fund’s investment in shares of other investment companies, may fluctuate in value response to many factors. Such price fluctuations subject the Fund to potential losses. Control of Portfolio Funds Risk: There is no guarantee that the Portfolio Funds will achieve their investment objectives and the Fund has exposure to the investment risks of the Portfolio Funds. While the shares of the Fund are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. ETFs trade like stocks, are subject to investment risks, fluctuate in market value, and may trade at prices above or below the ETF’s net asset value. More information about these risks can be found in the Fund’s prospectus.
The Adaptive Funds are distributed by Capital Investment Group, Inc., Member FINRA/SIPC, 100 E. Six Forks Road, Suite 200, Raleigh, NC 27609, (800) 773-3863. There is no affiliation between Adaptive Investments, the Investment Advisor to the Funds, including its principals, and Capital Investment Group, Inc.