DIVY - Sound Income Strategies

Stay Invested, Generate Income

Fund Information

In today’s high-inflation environment, investors face challenges in generating income. To address concerns of risk, a strategy is needed that looks to mitigate losses, reduce volatility, while generating income and seeking growth through equitable, high quality investments.

The Sound Equity Dividend Income ETF (DIVY) is an actively managed exchange-traded fund. With the goal of guiding investors toward steady income using proven investment solutions. DIVY offers several benefits to risk averse and income seeking investors who are aiming to capitalize on market opportunities and optimize returns. DIVY focuses on American companies with a history of paying high dividends.

DIVY aims for increasing dividends as companies grow, providing stable returns with reduced market volatility. DIVY lowers the risk of losing money by selecting undervalued companies with growth potential. DIVY avoids tobacco companies to mitigate legal risks. DIVY reduces taxes by focusing on tax-beneficial companies.

DIVY aims to pay out a dividend yield that is at least double the amount that could be earned in the S&P 500 Index. DIVY is actively managed, adjusting holdings in response to the ever-changing economy. Sound Equity Dividend Income ETF, DIVY, helps investors navigate towards their objectives.

Fund Documents

Fact Sheet

Prospectus

Summary Prospectus

SAI

Fiscal Q1 Holdings

Annual Report

Semi Annual Report

Fiscal Q3 Holdings

Investment Case

Form 8937 2022

Semi Annual TSR

Proxy Votes

Fund Information

Fund Name	Sound Equity Dividend Income ETF
Fund Inception	12/30/20
Ticker	DIVY
Primary Exchange	NYSE
CUSIP	886364793
NAV Symbol	DIVY.NV
Expense Ratio	0.45%

Name	date	value
30-Day SEC Yield	10/31/2024	4.09

Name	date	value
30-Day SEC Yield	10/31/2024	6.21

Fund Data and Pricing

Name
11/21/2024

Name	value
Net Assets	$30.78m
NAV	$26.76
Shares Outstanding	1,150,000.00
Premium/discount Percentage	0.04%
Closing Price	$26.77
Median 30 Day Spread**	0.26%

Data as of

*The 30-Day Yield represents net investment income earned by the Fund over a 30-Day period, expressed as an annual percentage rate based on the Fund’s share price at the end of the 30-Day period, and does not reflect any fee waivers/reimbursements/limits in effect.

Performance

Month-End

Quarter-End

Month-End

Name
10/31/2024

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	Since Inception Cumulative	Since Inception Annualized	Date
Sound Equity Dividend Income ETF	DIVY NAV	-2.18	0.55	5.44	4.32	15.57	6.63	–	52.89	11.70	10/31/2024
Sound Equity Dividend Income ETF	DIVY MKT	-2.20	0.44	5.38	4.47	15.49	6.56	–	52.91	11.71	10/31/2024
S&P 500 TR	SPTR2	-0.91	3.66	14.08	20.97	38.02	9.08	–	62.06	13.41	10/31/2024

Quarter-End

Name
09/30/2024

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	Since Inception Cumulative	Since Inception Annualized	Date
Sound Equity Dividend Income ETF	DIVY NAV	0.26	8.22	1.62	6.65	13.05	7.78	–	56.30	12.65	09/30/2024
Sound Equity Dividend Income ETF	DIVY MKT	0.48	8.40	1.64	6.82	13.10	7.51	–	56.35	12.65	09/30/2024
S&P 500 TR	SPTR2	2.14	5.89	10.42	22.08	36.35	11.91	–	63.55	14.01	09/30/2024

As of January 31, 2023 (Cumulative)				As of December 31, 2022 (Annualized)
	MTD	QTD	YTD	QTD	YTD	1 Year	3 Year	Since Inception
Market Price	5.90%	5.90%	5.90%	14.39%	3.47%	3.47%	–	17.97%
Fund NAV	5.78%	5.78%	5.78%	14.94%	3.83%	3.83%	–	18.07%
Index	6.28%	6.28%	6.28%	7.56%	-18.11%	-18.11%	–	2.99%

The performance data quoted represents past performance. Past performance does not guarantee future results. Current performance may be lower or higher than the performance data quoted. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost. Returns less than one year are not annualized. For the most recent month-end-performance, please call (833) 916-9056. You cannot invest directly in an index. Shares are bought and sold at market price (closing price), not net asset value (NAV), and are individually redeemed from the Fund. Market performance is determined using the bid/ask midpoint at 4:00pm Eastern time when the NAV is typically calculated. Brokerage commissions will reduce returns.

Performance Returns Calendar Year

	YTD 2022
Market Price	5.90%
Fund NAV	5.78%

Distribution Detail

Ex-Date	Record Date	Payable Date	Amount
11/12/2024	11/12/2024	11/14/2024	0.0390
10/25/2024	10/25/2024	10/29/2024	0.0390
10/11/2024	10/11/2024	10/15/2024	0.0390
09/25/2024	09/25/2024	09/27/2024	0.0390
09/11/2024	09/11/2024	09/13/2024	0.0390
08/26/2024	08/26/2024	08/28/2024	0.0390
08/12/2024	08/12/2024	08/14/2024	0.0390
07/25/2024	07/25/2024	07/29/2024	0.0390
07/11/2024	07/11/2024	07/15/2024	0.0390
06/25/2024	06/25/2024	06/27/2024	0.0390

Top 10 Holdings

Holdings subject to change.

Name
11/25/2024

Date	Account	SecurityName	StockTicker	CUSIP	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag
11/25/2024	DIVY	AbbVie Inc	ABBV	00287Y109	3,637	176.95	643,567.15	2.07%	31,147,980	1,150,000	46
11/25/2024	DIVY	Franklin Resources Inc	BEN	354613101	34,733	21.96	762,736.68	2.45%	31,147,980	1,150,000	46
11/25/2024	DIVY	Citigroup Inc	C	172967424	17,127	69.84	1,196,149.68	3.84%	31,147,980	1,150,000	46
11/25/2024	DIVY	Citizens Financial Group Inc	CFG	174610105	14,290	47.65	680,918.50	2.19%	31,147,980	1,150,000	46
11/25/2024	DIVY	Corebridge Financial Inc	CRBG	21871X109	24,255	31.75	770,096.25	2.47%	31,147,980	1,150,000	46
11/25/2024	DIVY	Carter's Inc	CRI	146229109	15,663	53.17	832,801.71	2.67%	31,147,980	1,150,000	46
11/25/2024	DIVY	Cisco Systems Inc	CSCO	17275R102	16,270	58.55	952,608.50	3.06%	31,147,980	1,150,000	46
11/25/2024	DIVY	HF Sinclair Corp	DINO	403949100	13,876	42.37	587,926.12	1.89%	31,147,980	1,150,000	46
11/25/2024	DIVY	Dow Inc	DOW	260557103	11,273	45.46	512,470.58	1.65%	31,147,980	1,150,000	46
11/25/2024	DIVY	Edison International	EIX	281020107	11,649	86.48	1,007,405.52	3.23%	31,147,980	1,150,000	46
11/25/2024	DIVY	Enbridge Inc	ENB	29250N105	31,326	43.26	1,355,162.76	4.35%	31,147,980	1,150,000	46
11/25/2024	DIVY	Evergy Inc	EVRG	30034W106	9,250	64.26	594,405.00	1.91%	31,147,980	1,150,000	46
11/25/2024	DIVY	First American Government Obligations Fund 12/01/2031	FGXXX	31846V336	108,919	100.00	108,919.03	0.35%	31,147,980	1,150,000	46	Y
11/25/2024	DIVY	Greif Inc	GEF/B	397624206	17,572	75.88	1,333,363.36	4.28%	31,147,980	1,150,000	46
11/25/2024	DIVY	GSK PLC	GSK	37733W204	25,531	33.96	867,032.76	2.78%	31,147,980	1,150,000	46
11/25/2024	DIVY	Hasbro Inc	HAS	418056107	10,626	62.52	664,337.52	2.13%	31,147,980	1,150,000	46
11/25/2024	DIVY	H&R Block Inc	HRB	093671105	9,629	58.30	561,370.70	1.80%	31,147,980	1,150,000	46
11/25/2024	DIVY	International Business Machines Corp	IBM	459200101	5,846	222.97	1,303,482.62	4.18%	31,147,980	1,150,000	46
11/25/2024	DIVY	Interpublic Group of Cos Inc/The	IPG	460690100	23,572	29.58	697,259.76	2.24%	31,147,980	1,150,000	46
11/25/2024	DIVY	Kraft Heinz Co/The	KHC	500754106	18,535	31.81	589,598.35	1.89%	31,147,980	1,150,000	46
11/25/2024	DIVY	Kenvue Inc	KVUE	49177J102	37,450	24.08	901,796.00	2.90%	31,147,980	1,150,000	46
11/25/2024	DIVY	LyondellBasell Industries NV	LYB	N53745100	14,262	83.87	1,196,153.94	3.84%	31,147,980	1,150,000	46
11/25/2024	DIVY	M&T Bank Corp	MTB	55261F104	5,479	221.12	1,211,516.48	3.89%	31,147,980	1,150,000	46
11/25/2024	DIVY	Organon & Co	OGN	68622V106	44,405	15.28	678,508.40	2.18%	31,147,980	1,150,000	46
11/25/2024	DIVY	ONEOK Inc	OKE	682680103	10,020	117.05	1,172,841.00	3.77%	31,147,980	1,150,000	46
11/25/2024	DIVY	Omnicom Group Inc	OMC	681919106	11,429	102.38	1,170,101.02	3.76%	31,147,980	1,150,000	46
11/25/2024	DIVY	Patterson Cos Inc	PDCO	703395103	42,616	20.46	871,923.36	2.80%	31,147,980	1,150,000	46
11/25/2024	DIVY	Pfizer Inc	PFE	717081103	36,760	25.65	942,894.00	3.03%	31,147,980	1,150,000	46
11/25/2024	DIVY	Principal Financial Group Inc	PFG	74251V102	11,892	85.73	1,019,501.16	3.27%	31,147,980	1,150,000	46
11/25/2024	DIVY	Perrigo Co PLC	PRGO	G97822103	27,269	28.07	765,440.83	2.46%	31,147,980	1,150,000	46
11/25/2024	DIVY	Reckitt Benckiser Group PLC	RBGLY	756255204	28,099	12.19	342,526.81	1.10%	31,147,980	1,150,000	46
11/25/2024	DIVY	Sonoco Products Co	SON	835495102	18,397	50.92	936,775.24	3.01%	31,147,980	1,150,000	46
11/25/2024	DIVY	AT&T Inc	T	00206R102	63,909	23.18	1,481,410.62	4.76%	31,147,980	1,150,000	46
11/25/2024	DIVY	TotalEnergies SE	TTE	89151E109	12,727	59.66	759,292.82	2.44%	31,147,980	1,150,000	46
11/25/2024	DIVY	Valero Energy Corp	VLO	91913Y100	4,341	140.91	611,690.31	1.96%	31,147,980	1,150,000	46
11/25/2024	DIVY	Walgreens Boots Alliance Inc	WBA	931427108	35,080	8.66	303,792.80	0.98%	31,147,980	1,150,000	46
11/25/2024	DIVY	Xerox Holdings Corp	XRX	98421M106	69,878	9.04	631,697.12	2.03%	31,147,980	1,150,000	46
11/25/2024	DIVY	Cash & Other	Cash&Other	Cash&Other	128,135	1.00	128,135.97	0.41%	31,147,980	1,150,000	46	Y

Data as of

ETF holdings and allocations are subject to change at any time and should not be interpreted as an offer of these securities.

Our Sales Team

Western and Eastern Territories

James McConaghy

Director, Head of Distribution - Western Division
(954) 516-0824
jmcconaghy@soundincomestrategies.com

Edward Rumell

Director, Head of Distribution - Eastern Division
(954) 640-4415
erumell@soundincomestrategies.com

How to purchase our ETFs

Sound Income Strategies DIVY ETF is available through various channels including via phone (833) 916-9056, broker-dealers, investment advisors, and other financial services firms, including:

The Fund is not affiliated with these financial service firms. Their listing should not be viewed as a recommendation or endorsement.

Sound Income ETFs

Before investing you should carefully consider the Fund’s investment objectives, risks, charges and expenses. This and other information is in the prospectus. A prospectus may be obtained by calling (833) 916-9056 or viewing here. Please read the prospectus carefully before you invest.

Investing involves risk, including the potential loss of principal. There is no guarantee that the Funds investment strategy will be successful. Shares may trade at a premium or discount to their NAV in the secondary market. The Fund is new and has a limited operating history. The Fund has a limited number of financial institutions that are authorized to purchase and redeem shares directly from the Fund; and there may be a limited number of market makers or other liquidity providers in the marketplace. Since the Fund is actively managed it does not seek to replicate the performance of a specified index. The Fund may frequently trade all or a significant portion of its portfolio; and have higher portfolio turnover than funds that do seek to replicate the performance of an index. Securities rated below investment grade are often referred to as high yield securities or “junk bonds.” Investments in lower rated corporate debt securities typically entail greater price volatility and principal and income risk. High yield securities may be more susceptible to real or perceived adverse economic and competitive industry conditions than investment grade securities.

The Fund may, at times, hold illiquid securities. The Fund could lose money if it is unable to dispose of an illiquid investment at a time or price that is most beneficial to the Fund. The Fund’s investments in bonds and other debt securities will change in value based on changes in interest rates. If rates rise, the value of these investments generally declines. Securities with greater interest rate sensitivity and longer maturities generally are subject to greater fluctuations in value. The Fund is considered to be non-diversified, which means that it may invest more of its assets in the securities of a single issuer or a smaller number of issuers than if it were a diversified fund.

The Fund is distributed by Foreside Fund Services, LLC.