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Date as of: 05/08/2026

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Investors should consider the investment objectives, risks, and charges and expenses of the Fund(s) before investing. The prospectus {and, if available, the summary prospectus,} contains this and other information about the Fund(s) and should be read carefully before investing. The prospectus may be obtained at 1-800-966-9991.

The GGM Macro Alignment ETF is distributed by Northern Lights Distributors, LLC, member FINRA/SIPC . Waverly Advisors, LLC is not affiliated with Northern Lights Distributors, LLC.

Important Risk Information

While the shares of ETFs are tradeable 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 risk, fluctuate in market value and may trade at prices above or below the ETF’s net asset value. Brokerage commissions and ETF expenses will reduce returns. There is no guarantee that the Fund will achieve its objective.

ETF’s are subject to specific risks, depending on the nature of the underlying strategy of the fund. These risks could include liquidity risk, sector risk, as well as risks associated with fixed income securities, real estate investments, and commodities, to name a few.

Fund of Funds Risk. The Fund pursues its investment objective by investing its assets in the Underlying ETFs rather than investing directly in stocks, bonds, cash or other investments. The Fund’s investment performance depends on the investment performance of the Underlying ETFs in which it invests. An investment in the Fund is subject to the risks associated with the Underlying ETFs that comprise the Underlying Index.

1801 Porter Street, Suite 500
Baltimore, MD 21230
410.685.9685

3877 Fairfax Ridge Road, Suite 200N
Fairfax, VA 22030
703.591.7200

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Date as of: 05/08/2026

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