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

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	03/31/2025	4.29

Name	date	value
30-Day SEC Yield	03/31/2025	6.45

Fund Data and Pricing

Name
04/23/2025

Name	value
Net Assets	$28.21m
NAV	$23.51
Shares Outstanding	1,200,000.00
Premium/discount Percentage	-0.12%
Closing Price	$23.48
Median 30 Day Spread**	0.37%

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
03/31/2025

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	-2.54	1.42	-2.40	1.42	-0.82	2.96	–	52.55	10.45	03/31/2025
Sound Equity Dividend Income ETF	DIVY MKT	-2.64	1.34	-2.63	1.34	-1.04	2.64	–	52.23	10.39	03/31/2025
S&P 500 TR	SPTR2	-5.63	-4.27	-1.97	-4.27	8.25	9.06	–	60.33	11.75	03/31/2025

Quarter-End

Name
12/31/2024

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	-5.48	-3.76	4.15	2.63	2.63	3.84	–	50.42	10.74	12/31/2024
Sound Equity Dividend Income ETF	DIVY MKT	-5.79	-3.92	4.15	2.63	2.63	3.74	–	50.21	10.70	12/31/2024
S&P 500 TR	SPTR2	-2.38	2.41	8.44	25.02	25.02	8.94	–	67.49	13.75	12/31/2024

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
04/15/2025	04/15/2025	04/16/2025	0.0390
03/27/2025	03/27/2025	03/28/2025	0.0390
03/13/2025	03/13/2025	03/14/2025	0.0390
02/27/2025	02/27/2025	02/28/2025	0.0390
02/13/2025	02/13/2025	02/14/2025	0.0390
01/30/2025	01/30/2025	01/31/2025	0.0390
01/16/2025	01/16/2025	01/17/2025	0.0390
12/24/2024	12/24/2024	12/27/2024	0.2811
12/11/2024	12/11/2024	12/13/2024	0.0390
11/26/2024	11/26/2024	11/29/2024	0.0390

Top 10 Holdings

Holdings subject to change.

Name
04/24/2025

Date	Account	SecurityName	StockTicker	CUSIP	Shares	Price	MarketValue	Weightings	NetAssets	SharesOutstanding	CreationUnits	MoneyMarketFlag
04/24/2025	DIVY	AbbVie Inc	ABBV	00287Y109	3,795	177.05	671,904.75	2.38%	28,210,200	1,200,000	48
04/24/2025	DIVY	Franklin Resources Inc	BEN	354613101	36,243	18.39	666,508.77	2.36%	28,210,200	1,200,000	48
04/24/2025	DIVY	Citigroup Inc	C	172967424	17,871	66.30	1,184,847.30	4.20%	28,210,200	1,200,000	48
04/24/2025	DIVY	Citizens Financial Group Inc	CFG	174610105	14,910	36.49	544,065.90	1.93%	28,210,200	1,200,000	48
04/24/2025	DIVY	Corebridge Financial Inc	CRBG	21871X109	25,309	29.04	734,973.36	2.61%	28,210,200	1,200,000	48
04/24/2025	DIVY	Carter's Inc	CRI	146229109	16,343	37.27	609,103.61	2.16%	28,210,200	1,200,000	48
04/24/2025	DIVY	Cisco Systems Inc	CSCO	17275R102	16,976	55.63	944,374.88	3.35%	28,210,200	1,200,000	48
04/24/2025	DIVY	HF Sinclair Corp	DINO	403949100	18,573	30.03	557,747.19	1.98%	28,210,200	1,200,000	48
04/24/2025	DIVY	Dow Inc	DOW	260557103	19,875	29.00	576,375.00	2.04%	28,210,200	1,200,000	48
04/24/2025	DIVY	Enbridge Inc	ENB	29250N105	32,688	45.61	1,490,899.68	5.29%	28,210,200	1,200,000	48
04/24/2025	DIVY	Eversource Energy	ES	30040W108	18,418	57.96	1,067,507.28	3.78%	28,210,200	1,200,000	48
04/24/2025	DIVY	Evergy Inc	EVRG	30034W106	12,441	68.11	847,356.51	3.00%	28,210,200	1,200,000	48
04/24/2025	DIVY	First American Government Obligations Fund 12/01/2031	FGXXX	31846V336	206,772	100.00	206,772.94	0.73%	28,210,200	1,200,000	48	Y
04/24/2025	DIVY	Greif Inc	GEF/B	397624206	18,336	56.60	1,037,817.60	3.68%	28,210,200	1,200,000	48
04/24/2025	DIVY	GSK PLC	GSK	37733W204	26,641	37.03	986,516.23	3.50%	28,210,200	1,200,000	48
04/24/2025	DIVY	Hasbro Inc	HAS	418056107	11,088	52.69	584,226.72	2.07%	28,210,200	1,200,000	48
04/24/2025	DIVY	H&R Block Inc	HRB	093671105	10,047	59.37	596,490.39	2.11%	28,210,200	1,200,000	48
04/24/2025	DIVY	International Business Machines Corp	IBM	459200101	4,181	245.48	1,026,351.88	3.64%	28,210,200	1,200,000	48
04/24/2025	DIVY	Interpublic Group of Cos Inc/The	IPG	460690100	29,902	23.99	717,348.98	2.54%	28,210,200	1,200,000	48
04/24/2025	DIVY	Kraft Heinz Co/The	KHC	500754106	19,339	30.09	581,910.51	2.06%	28,210,200	1,200,000	48
04/24/2025	DIVY	LyondellBasell Industries NV	LYB	N53745100	14,507	57.78	838,214.46	2.97%	28,210,200	1,200,000	48
04/24/2025	DIVY	M&T Bank Corp	MTB	55261F104	5,520	165.34	912,676.80	3.24%	28,210,200	1,200,000	48
04/24/2025	DIVY	Organon & Co	OGN	68622V106	46,335	11.49	532,389.15	1.89%	28,210,200	1,200,000	48
04/24/2025	DIVY	ONEOK Inc	OKE	682680103	7,985	84.66	676,010.10	2.40%	28,210,200	1,200,000	48
04/24/2025	DIVY	Omnicom Group Inc	OMC	681919106	11,314	73.25	828,750.50	2.94%	28,210,200	1,200,000	48
04/24/2025	DIVY	PepsiCo Inc	PEP	713448108	5,251	142.26	747,007.26	2.65%	28,210,200	1,200,000	48
04/24/2025	DIVY	Pfizer Inc	PFE	717081103	38,358	22.39	858,835.62	3.04%	28,210,200	1,200,000	48
04/24/2025	DIVY	Principal Financial Group Inc	PFG	74251V102	11,886	74.04	880,039.44	3.12%	28,210,200	1,200,000	48
04/24/2025	DIVY	Perrigo Co PLC	PRGO	G97822103	34,395	24.74	850,932.30	3.02%	28,210,200	1,200,000	48
04/24/2025	DIVY	Reckitt Benckiser Group PLC	RBGLY	756255204	29,319	12.37	362,676.03	1.29%	28,210,200	1,200,000	48
04/24/2025	DIVY	Sonoco Products Co	SON	835495102	22,473	45.34	1,018,925.82	3.61%	28,210,200	1,200,000	48
04/24/2025	DIVY	AT&T Inc	T	00206R102	40,874	27.19	1,111,364.06	3.94%	28,210,200	1,200,000	48
04/24/2025	DIVY	TotalEnergies SE	TTE	89151E109	13,279	58.70	779,477.30	2.76%	28,210,200	1,200,000	48
04/24/2025	DIVY	United Parcel Service Inc	UPS	911312106	8,112	97.21	788,567.52	2.80%	28,210,200	1,200,000	48
04/24/2025	DIVY	Valero Energy Corp	VLO	91913Y100	4,529	114.50	518,570.50	1.84%	28,210,200	1,200,000	48
04/24/2025	DIVY	Wendy's Co/The	WEN	95058W100	41,873	12.73	533,043.29	1.89%	28,210,200	1,200,000	48
04/24/2025	DIVY	Xerox Holdings Corp	XRX	98421M106	72,916	4.13	301,143.08	1.07%	28,210,200	1,200,000	48
04/24/2025	DIVY	Cash & Other	Cash&Other	Cash&Other	38,153	1.00	38,153.22	0.14%	28,210,200	1,200,000	48	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.