XVOL Acruence Active Hedge US Equity ETF

Acruence Capital, LLC (“Acruence"), a Registered Investment Advisory firm that provides investment services to individual and institutional clients seeking to achieve high risk-adjusted returns using data science, today announced the transfer of the listing of the ETF from NYSE Arca to the Cboe BZX Exchange (“Cboe” or the “Exchange”) on or about May 15, 2022.

Current shareholders of XVOL are not required to take any action, nor is the transfer expected to have any effect on the trading of its shares.

For more information on the Acruence Active Hedge US Equity ETF, please visit acruenceetf.com.

ABOUT ACRUENCE CAPITAL

Acruence Capital, LLC provides investment advisory services to individual and institutional clients. The firm manages client investment portfolios on a discretionary basis and provides outsourced CIO (OCIO) services to other registered investment advisory companies. The firm’s investment management activities use the Acruence risk-based investment modeling service. The primary objective of the model is to achieve high risk-adjusted returns while limiting volatility and downside risk.

The firm crafts investment strategies in a variety of areas: long and short positions in indices and ETFs to mirror diversified portfolios; options and futures strategies to achieve varied return profiles; and seeking to maximize return and reduce volatility using data science and machine learning. Acruence also applies data science techniques to evaluate and optimize 3rd-party investment strategies. For more information, visit https://www.acruence.com/

ABOUT TIDAL ETF SERVICES

Formed by ETF industry pioneers and thought leaders, Tidal sets out to disrupt the way ETFs have historically been developed, launched, marketed and sold. With a transparent, partnership approach, Tidal offers a comprehensive suite of services, proprietary tools, and methodologies designed to bring lasting ideas to market. As advocates for ETF innovation, Tidal helps institutions and organizations launch the most interesting and viable ETFs available today. For more information, visit tidaletfservices.com.

IMPORTANT INFORMATIONExchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV), and are not individually redeemed from the fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns. Investments involve risk including the possible loss of principal.

The Fund may actively and frequently trade all or a significant portion of the securities in its portfolio which may increase the Fund’s expenses and also cause adverse tax consequences. The Fund is actively-managed and may not meet its investment objective based on the Sub-Adviser’s success or failure to implement investment strategies for the Fund. The fund is classified as non-diversified. Because it is non-diversified, it may hold large positions in a small number of securities. To the extent it maintains such positions; a price change in any one of those securities may have a greater impact on the fund’s share price than if it were diversified. The Fund is a recently organized management investment company with no operating history.

Options can be volatile and have a large impact on the performance of the Fund. There is a risk of loss of all or part of the cash paid (premium) for purchasing options and the value of the option may be lost if not exercised at or prior to expiration. One of the primary drivers of the value of a VIX Option is movement in the spot value of the VIX Index, which is a measure of implied volatility of S&P 500 options. Therefore, changing market expectations of future volatility will lead to changes in the market value of VIX Options. Because implied volatilities often rise during periods of market stress, the VIX Index is often negatively correlated to equity markets.

The S&P 500® Index is composed of 500 selected common stocks most of which are listed on the New York Stock Exchange. It is not an investment product available for purchase. The Cboe Volatility Index® (VIX® Index) estimates the expected level of volatility in the U.S. stock market, as reflected by the S&P 500, forward-looking over 30 days. It is not possible to invest directly in an Index.

Gross expense ratio: 0.83%.

You should consider the fund's investment objectives, risks, and charges and expenses carefully before you invest. The fund's prospectus or summary prospectus, which can be obtained by calling 1.833.653.6400, contains this and other information about the fund, and should be read carefully before investing.

The fund is distributed by Foreside Fund Services, LLC.

MEDIA CONTACT:

Leann Gaines
leanng@tidaletfservices.com