p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"span class="BoldItalic" style="font-style:italic;font-weight:bold;"General Strategy Description.span style="width: 16px;display: inline-block;"    /span/spanThe Fund is an actively managed ETF that seeks to provide riskspan class="nobreak"-managed/span investment exposure to the Underlying ETF. The Fund seeks to achieve its investment objective by investing in exchangespan class="nobreak"-traded/span options contracts with onespan class="nobreak"-year/span expirations (specifically, FLexible EXchangespan class="Superscript" style="vertical-align:super;font-size:58%;"®/span Options (span class="Italic" style="font-style:italic;font-weight:normal;"“FLEX Options”/span)) on the Underlying ETF (the span class="Italic" style="font-style:italic;font-weight:normal;"“Options Portfolio”/span) and may also invest directly in the Underlying ETF (or the components thereof)./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"As described below, the Fund seeks to participate in the return of the Underlying ETF, subject to an upside return limit and a measure of downside loss protection (a span class="Italic" style="font-style:italic;font-weight:normal;"“Buffer”/span). The Subspan class="nobreak"-Adviser/span (defined below) will actively monitor the performance of the Options Portfolio and as described below, rebalance or “stepspan class="nobreak"-up/span” the Options Portfolio prior to its expiration./p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:12pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanspan class="Italic" style="font-style:italic;font-weight:normal;"Participation in Underlying ETF Returns.    /spanThe Fund seeks to participate in the in the returns of the Underlying ETF, subject to an upside return limit and protection against a measure of downside losses of the Underlying ETF./p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:12pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanspan class="Italic" style="font-style:italic;font-weight:normal;"Step/spanspan class="nobreak"span class="Italic" style="font-style:italic;font-weight:normal;"-Up/span/spanspan class="Italic" style="font-style:italic;font-weight:normal;" Strategy.    /spanThe Fund’s “stepspan class="nobreak"-up/span” investment strategy seeks to help a Fund’s shareholder offset the timing risks inherent in owning an options package for one year. The Options Portfolio is designed to produce investment outcomes only for the duration of its onespan class="nobreak"-year/span options contracts and not for any different period of timespan class="Bold" style="font-style:normal;font-weight:bold;". /spanHowever, the Subspan class="nobreak"-Adviser/span intends to manage the Fund’s investment exposure by periodically terminating its Options Portfolio earlier than its onespan class="nobreak"-year/span expiration date and immediately resetting its Options Portfolio for a new onespan class="nobreak"-year/span period (span class="Italic" style="font-style:italic;font-weight:normal;"i.e./span, “stepspan class="nobreak"-up/span” its holdings). Each month, the Subspan class="nobreak"-Adviser/span will observe increases and decreases in the Fund from the time the Fund’s FLEX Options holdings were originally entered into and will seek to realize gains experienced by the Fund or Buffer used by the Fund by resetting the Fund’s Options Portfolio. In implementing the stepspan class="nobreak"-up/span strategy, the Subspan class="nobreak"-Adviser/span will seek to protect capital or capture portfolio gains experienced by the Fund, depending on its evaluation of market conditions each month. span class="Italic" style="font-style:italic;font-weight:normal;"See/span “Principal Investment Strategies—Stepspan class="nobreak"-Up/span Strategy” below. span class="Bold" style="font-style:normal;font-weight:bold;"There is no guarantee the Fund will be successful in implementing this strategy./span/p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"span class="Bold" style="font-style:normal;font-weight:bold;"The Fund does not pursue a “defined outcome” strategy.span style="width: 16px;display: inline-block;"    /span/spanDefined outcome strategies seek to produce prespan class="nobreak"-determined/span investment outcomes based upon the performance of an underlying security over a specific period of time (span class="Italic" style="font-style:italic;font-weight:normal;"e.g.,/span one year). span class="Bold" style="font-style:normal;font-weight:bold;"The Fund will not seek to provide a set level of investment outcomes over a stated time period./span Unlike other ETFs that utilize a defined outcome investment strategy, the Fund does not seek to provide shareholders with a set Buffer percentage and maximum upside potential over any specified time period. span class="Bold" style="font-style:normal;font-weight:bold;"Shareholders will experience investment results that are very different than if the Fund held the Options Portfolio for its contract duration. The successful implementation of the step/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-up/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" investment strategy is not guaranteed./span/p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"In implementing the above, the Fund invests in FLEX Options that reference the Underlying ETF and may also invest in the Underlying ETF (or the components thereof) directly. The Underlying ETF is an ETF that seeks to provide investment results that, before fees expenses, correspond generally to the total return performance of an index that tracks the performance of /pp class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"large capitalization exchangespan class="nobreak"-traded/span U.S. equity securities, specifically the Samp;P 500span class="Superscript" style="vertical-align:super;font-size:58%;"®/span Index. For additional information regarding the Underlying ETF, span class="Italic" style="font-style:italic;font-weight:normal;"see/span “Additional Information Regarding the Fund’s Principal Investment Strategies.”/p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"The Fund’s investment adviser is Innovator Capital Management, LLC (span class="Italic" style="font-style:italic;font-weight:normal;"“Innovator” /spanor thespan class="Italic" style="font-style:italic;font-weight:normal;" “Adviser”/span) and the Fund’s investment subspan class="nobreak"-adviser/span is Milliman Financial Risk Management LLC (span class="Italic" style="font-style:italic;font-weight:normal;"“Milliman” /spanor thespan class="Italic" style="font-style:italic;font-weight:normal;" “Sub/spanspan class="nobreak"span class="Italic" style="font-style:italic;font-weight:normal;"-Adviser/span/spanspan class="Italic" style="font-style:italic;font-weight:normal;"”/span). The Fund is classified as a “nonspan class="nobreak"-diversified/span company” under the Investment Company Act of 1940, as amended (the span class="Italic" style="font-style:italic;font-weight:normal;"“1940 Act”/span). To the extent the Underlying ETF is considered to be concentrated (span class="Italic" style="font-style:italic;font-weight:normal;"i.e./span, holds 25% or more of its total assets) in the securities of a particular industry or group of industries, the Fund will concentrate to approximately the same extent. As of the date of this prospectus, the Fund has significant exposure to the information technology sector./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"span class="BoldItalic" style="font-style:italic;font-weight:bold;"Portfolio Return Profile.span style="width: 16px;display: inline-block;"    /span/spanThe Fund’s portfolio seeks to replicate the performance of the Underlying ETF, subject to a maximum return potential and a Buffer. span class="Bold" style="font-style:normal;font-weight:bold;"The Options Portfolio is designed to produce investment outcomes only for the duration of its one/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-year/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" options contracts and not for any different period of time. /spanAs described more fully below, the Fund does not seek to achieve the full onespan class="nobreak"-year/span investment outcomes of the Options Portfolio, as the Subspan class="nobreak"-Adviser/span intends to opportunistically reset the Options Portfolio prior to the onespan class="nobreak"-year/span expiration date of the FLEX Options./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"The Subspan class="nobreak"-Adviser/span seeks to specifically select the strike price for each FLEX Option contract such that if the FLEX Options were exercised on the expiration date (the final day of the onespan class="nobreak"-year/span term), the Fund’s NAV would be subject to the maximum gains on the performance of the Underlying ETF’s share price over the duration of the options contract or the benefit from the protection of the Buffer, as follows:/p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:12pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanIn the event that the Underlying ETF decreases in value by less than 9% over the duration of the Options Portfolio, the Fund seeks to provide investment return of 0%./p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:12pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanIn the event that the Underlying ETF decreases in value by more than 9% over the duration of the Options Portfolio, the Options Portfolio seeks to provide losses that are 9% less than the losses experienced by the Underlying ETF./p p class="BL_m" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;list-style-position:outside;list-style-type:disc;margin-bottom:0;margin-left:36pt;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:-18pt;widows:3;margin-top:12pt;"span class="bullet" style="font-family:Symbol, sans-serif;font-size:12pt;font-style:normal;font-weight:normal;"•/spanspan style="width: 18px;display: inline-block;"   /spanIn the event that the Underlying ETF increases in value over the duration of the Options Portfolio, the Options Portfolio seeks to provide investment returns that match the performance of the Underlying ETF, up to a maximum percentage return the Fund can achieve for the duration of the Options Portfolio, which is dependent on prevailing market conditions at the times the Fund enters into the FLEX Options./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"The Fund’s soughtspan class="nobreak"-after/span returns, including the Buffer and maximum gain potential of Underlying ETF performance that the Options Portfolio seeks to provide, are provided prior to taking into account annual Fund management fees, transaction fees and any extraordinary expenses incurred by the Fund. These expenses will have the effect of reducing the Fund’s returns, including the maximum gain potential amount and Buffer amount experienced by shareholders. If the Fund invests in the Underlying ETF directly (or the components thereof), the Adviser will assume an estimated dividend rate for the Underlying ETF (which is based on the historical dividend rate /pp class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"of the Underlying ETF) to calculate the Buffer and maximum return potential. To the extent the dividends received by the Fund differ from this assumed historical rate, the Buffer and maximum return potential may be higher or lower than disclosed herein. If the Fund invests directly in the Underlying ETF, it will bear its proportionate share of the Underlying ETF’s expenses. The Adviser has entered into an agreement to waive its management fee to the extent of the acquired fund fees and expenses incurred in connection with its investment in the Underlying ETF./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"span class="Bold" style="font-style:normal;font-weight:bold;"As further described herein, the Fund does not expect that the Options Portfolio will be held until the expiration date of the FLEX Options. Instead, the Sub/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-Adviser/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" will seek to opportunistically manage the Fund’s investment exposure by periodically terminating its FLEX Options investments earlier than its one/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-year/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" expiration date and immediately reset the Fund’s Options Portfolio for a new one/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-year/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" period. /spanBoth the maximum gain potential and the soughtspan class="nobreak"-after/span Buffer are measured from the price of the Underlying ETF at the time the FLEX Option contracts are executed and will only be provided on the expiration date. As a result, the degree to which a shareholder may benefit from the Fund’s potential for participating in the return of the Underlying ETF and the Buffer against Underlying ETF losses will depend on the time at which the investor purchases Shares of the Fund and the Subspan class="nobreak"-Adviser/span’s determination of when to reset the Options Portfolio. span class="Bold" style="font-style:normal;font-weight:bold;"Because the Fund’s investment strategy is not designed to hold the Options Portfolio to its expiration date, shareholders will experience investment results that are very different than if the Fund held the Options Portfolio for its contract duration. Shareholders may realize losses on price decreases of the Underlying ETF of less than the 9% Buffer and may lose their entire investment./span These potential losses are possible even if a shareholder remained in the Fund for a onespan class="nobreak"-year/span period after an Options Portfolio was established, as it is likely that the Options Portfolio will reset during that time./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"span class="Bold" style="font-style:normal;font-weight:bold;"Further, the Options Portfolio is designed to protect against Underlying ETF losses and provide for a maximum gain potential based upon the price of the Underlying ETF at the time the FLEX Option contracts are into by the Fund./span However, the degree to which a shareholder may benefit from the Fund’s Underlying ETF upside potential and Buffer against Underlying ETF losses will depend on the time at which the investor purchases Shares of the Fund. At any given time after Subspan class="nobreak"-Adviser/span resets the Options Portfolio there may be limited upside potential or Buffer remaining due to the performance of the Underlying ETF. If the price of the Underlying ETF is near or above the Fund’s maximum return potential, such investor may have little to no upside potential until the Subspan class="nobreak"-Adviser/span determines to stepspan class="nobreak"-up/span the Fund’s Options Portfolio and would still remain vulnerable to significant downside risk before the soughtspan class="nobreak"-after/span protection from the Buffer began. Similarly, if the Underlying ETF has decreased in price significantly to equal or exceed the Fund’s anticipated Buffer, the shareholder would also remain vulnerable to significant downside risk and would receive no benefit from the Buffer. A shareholder could lose its entire investment. span class="Bold" style="font-style:normal;font-weight:bold;"There is no guarantee that the Sub/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-Adviser/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" will be successful in its attempt to provide the Buffer./span/p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"span class="BoldItalic" style="font-style:italic;font-weight:bold;"Step/spanspan class="nobreak"span class="BoldItalic" style="font-style:italic;font-weight:bold;"-Up/span/spanspan class="BoldItalic" style="font-style:italic;font-weight:bold;" Strategy.    /spanThe Fund’s “stepspan class="nobreak"-up/span” investment strategy seeks to help a Fund’s shareholder offset the timing risks inherent in owning an options package for one year. The Subspan class="nobreak"-Adviser/span will seek to realize gains experienced by the Fund (which are limited to the maximum gain potential) or realize the Buffer used by the Fund by resetting the Fund’s Options Portfolio as often as monthly and therefore resetting the Fund’s maximum upside potential and Buffer. span class="Bold" style="font-style:normal;font-weight:bold;"The successful implementation of the step/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-up/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" investment strategy is not guaranteed./span/pp class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"As a result of the performance of the Underlying ETF during the term of the FLEX Options (the value of which is derived from, in part, the value of the Underlying ETF’s share price), the Fund may have little or no upside available for the remainder of the options contract term (if the Underlying ETF has increased in value) or little or no ability to benefit from the Buffer (if the Underlying ETF has decreased in value). With the stepspan class="nobreak"-up/span investment strategy, the Fund may, at the end of each month, sell the thenspan class="nobreak"-current/span Options Portfolio and immediately enter into new FLEX Options contracts that establish a new onespan class="nobreak"-year/span expiration date. In doing so, the Fund will reset its exposure to the Underlying ETF and continue to have the potential to increase in a market environment where the value of the Underlying ETF is steadily increasing or derive continued benefit from a Buffer in a market environment where the Underlying ETF is steadily decreasing. span class="Bold" style="font-style:normal;font-weight:bold;"The ability to provide downside protection as part of the implementation of the Fund’s step/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-up/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" investment strategy may not be successful./span/p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"The Subspan class="nobreak"-Adviser/span will continuously review the performance of the Fund and at each monthspan class="nobreak"-end/span determine whether to stepspan class="nobreak"-up/span the Options Portfolio. The Subspan class="nobreak"-Adviser/span will consider the price movements of the Underlying ETF, the changes in the Fund’s NAV, market volatility, time remaining until the expiration of the FLEX Options contracts and strike prices of the replacement FLEX Options contracts when evaluating whether to reset the Options Portfolio. The following chart contains a span class="Bold" style="font-style:normal;font-weight:bold;"hypothetical/span illustration of the Fund’s stepspan class="nobreak"-up/span mechanism. span class="Bold" style="font-style:normal;font-weight:bold;"The chart is provided for illustrative purposes only. There is no guarantee that the Fund will be successful in its attempt to step/spanspan class="nobreak"span class="Bold" style="font-style:normal;font-weight:bold;"-up/span/spanspan class="Bold" style="font-style:normal;font-weight:bold;" the Fund’s Options Portfolio. The chart is not intended to predict or project the performance or operationality of the Fund./span/p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;text-align:center;margin-top:12pt;"img alt="" src="timage_001bstp.jpg" style="width:599.04px;max-width:100%;"//pp class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"To the extent the Fund’s NAV increases (generally a range from 2% to 6%) or decreases (generally a range from span class="nobreak"-1/span% to span class="nobreak"-5/span%) from the Fund’s NAV at the time the FLEX Options were originally entered into, the Subspan class="nobreak"-Adviser/span will seek to realize any gains experienced by the Fund or Buffer used by the Fund by resetting the Fund’s Options Portfolio and, in doing so, “stepspan class="nobreak"-up/span” the Fund’s upside potential and Buffer. The Subspan class="nobreak"-Adviser/span will also purchase and sell FLEX Options over the course of the month that have the same or similar terms (span class="Italic" style="font-style:italic;font-weight:normal;"i.e./span, strike price and expiration date) as the thenspan class="nobreak"-current/span Options Portfolio as necessary to manage any creations or redemptions of “Creation Units” (as defined below)./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"span class="BoldItalic" style="font-style:italic;font-weight:bold;"The Fund’s Portfolio.span style="width: 16px;display: inline-block;"    /span/spanThe Fund invests in FLEX Options that reference the Underlying ETF and may also invest directly in shares of the Underlying ETF (or the components thereof). To the extent the Fund invests solely in FLEX Options, the Fund will seek to participate in the price return of the Underlying ETF (prior to taking into account management fees and other fees). If the Fund invests directly in the Underlying ETF (or the components thereof), the Fund will seek to provide such returns inclusive of dividends (span class="Italic" style="font-style:italic;font-weight:normal;"i.e./span, the price return of the Underlying ETF plus dividends received). In general, an option contract gives the purchaser of the option, in exchange for the premium paid, the right to purchase (for a call option) or sell (for a put option) the underlying asset at a specified price (the “strike price”) on a specified date (the “expiration date”). The Fund utilizes FLEX Options, which are customizable exchangespan class="nobreak"-traded/span option contracts guaranteed for settlement by the Options Clearing Corporation (the span class="Italic" style="font-style:italic;font-weight:normal;"“OCC”/span). The Fund’s FLEX Options are cashspan class="nobreak"-settled/span, European style option contracts (span class="Italic" style="font-style:italic;font-weight:normal;"i.e./span, exercisable at the strike price only on the expiration date) with an expiration date approximately onespan class="nobreak"-year/span in the future from the time of execution./p p class="Text_flush" style="margin:0;padding:0;border-width:0;font-family:Times New Roman PS Std, serif;font-size:12pt;font-style:normal;font-variant:normal;font-weight:normal;margin-bottom:0;margin-left:0;margin-right:0;margin-top:12pt;orphans:2;page-break-after:auto;page-break-before:auto;text-align:justify;text-indent:0;widows:3;margin-top:12pt;"The Fund’s NAV is based upon the value of its portfolio which consists of FLEX Options, and may also include shares of the Underlying ETF (or the components thereof). Although the value of the Underlying ETF’s share price is a significant component of the value of the Fund’s FLEX Options, the value of the Fund’s FLEX Options (and therefore, the Fund’s NAV) will not increase or decrease at the same rate as the Underlying ETF’s share price on a daily basis. The time remaining until those FLEX Options expire, which is at the conclusion of the Outcome Period, also affects their value. The degree of nonspan class="nobreak"-correlation/span between the value of the FLEX Options and the value of the Underlying ETF may be higher than if the FLEX Options utilized by the Fund had a shorter term. The Subspan class="nobreak"-Adviser/span generally anticipates that the Fund’s NAV will increase on days when the Underlying ETF’s share price increases and will decrease on days when the Underlying ETF’s share price decreases, but that the rate of such increase or decrease will be less than that experienced by the Underlying ETF. However, there is no guarantee that the Fund’s NAV will move in the same direction as the price movements of the Underlying ETF and it is not expected for the Fund’s NAV to directly correlate on a dayspan class="nobreak"-to-day/span basis with the returns experienced by the Underlying ETF./p