STRN

SMART Trend ETF

Managing Market Momentum with Precision

Fund Summary

Designed to pursue long-term capital appreciation through a quantitative, trend-following strategy focused on large-cap U.S. equities. The fund targets highly liquid stocks demonstrating strong technical strength and is structured as a concentrated equity portfolio with sector exposure capped, allowing for active, conviction-driven positioning while managing diversification.

Fund Details

Name	Value
Fund Inception	8/20/2025
Fund Name	SMART Trend ETF
Ticker	STRN
Primary Exchange	NYSE Arca
CUSIP	886364116
Expense Ratio	0.59%
30 Day SEC Yield* As of	-

*The 30-Day SEC Yield is calculated with a standardized formula mandated by the SEC. The formula is based on the maximum offering price per share and does not reflect waivers in effect.

Fund Data and Pricing

Name	Value
Net Assets	$4.14m
NAV	$20.68
Shares Outstanding	200,000
Premium/Discount Percentage	-0.05%
Closing Price	$20.67
Median 30 Day Spread*	0.15%

As of 9/5/2025

*30-Day Median Spread is a calculation of Fund’s median bid-ask spread, expressed as a percentage rounded to the nearest hundredth, computed by: identifying the Fund’s national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days; dividing the difference between each such bid and offer by the midpoint of the national best bid and national best offer; and identifying the median of those values.

Performance

As of 8/31/2025

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)	Date
SMART Trend 25 ETF	STRN MKT	-	-	-	-	-	-	-	-	2.08	-	08/31/2025
SMART Trend 25 ETF	STRN NAV	-	-	-	-	-	-	-	-	2.08	-	08/31/2025

As of 6/30/2025

Fund Name	Fund Ticker	1 Month	3 Month	6 Month	YTD	1 Year	3 Year	5 Year	10 Year	Since Inception (Cumulative)	Since Inception (Annualized)	Date
SMART Trend ETF	STRN NAV	-	-	-	-	-	-	-	-	-	-
SMART Trend ETF	STRN MKT	-	-	-	-	-	-	-	-	-	-

The performance data quoted represents past performance and is no guarantee of future results. Investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted. For the most recent month-end performance, please call (877) 752-2442 or visit our website at WWW.SMARTWAYETFS.COM.

Short term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns.
Market Price: The current price at which shares are bought and sold. Market returns are based upon the last trade price.
NAV: The dollar value of a single share, based on the value of the underlying assets of the fund minus its liabilities, divided by the number of shares outstanding. Calculated at the end of each business day.

Top 10 Holdings

As of 9/8/2025

Date	Account	Ticker	CUSIP	Name	Shares	Price	Market Value	Weightings	NetAssets	SharesOutstanding	CreationUnits
09/05/2025	STRN	NFLX	64110L106	Netflix Inc	268	1257.48	337004.64	8.15%	4135840	200000	8
09/05/2025	STRN	GE	369604301	GE AEROSPACE	1158	282.27	326868.66	7.90%	4135840	200000	8
09/05/2025	STRN	SCHW	808513105	Charles Schwab Corp/The	3311	97.63	323252.93	7.82%	4135840	200000	8
09/05/2025	STRN	META	30303M102	Meta Platforms Inc	424	748.65	317427.6	7.68%	4135840	200000	8
09/05/2025	STRN	BSX	101137107	Boston Scientific Corp	2928	107.29	314145.12	7.60%	4135840	200000	8
09/05/2025	STRN	HOOD	770700102	Robinhood Markets Inc	2893	102.91	297718.63	7.20%	4135840	200000	8
09/05/2025	STRN	DASH	25809K105	DoorDash Inc	1194	248.78	297043.32	7.18%	4135840	200000	8
09/05/2025	STRN	ICE	45866F104	Intercontinental Exchange Inc	1315	174.52	229493.8	5.55%	4135840	200000	8
09/05/2025	STRN	ANET	040413205	Arista Networks Inc	1493	141.17	210766.81	5.10%	4135840	200000	8
09/05/2025	STRN	FCX	35671D857	Freeport-McMoRan Inc	3229	46.07	148760.03	3.60%	4135840	200000	8
09/05/2025	STRN	NEM	651639106	Newmont Corp	1778	74.88	133136.64	3.22%	4135840	200000	8
09/05/2025	STRN	FGXXX	31846V336	First American Government Obligations Fund 12/01/2031	131347	100	131346.89	3.18%	4135840	200000	8
09/05/2025	STRN	NVDA	67066G104	NVIDIA Corp	727	171.66	124796.82	3.02%	4135840	200000	8
09/05/2025	STRN	AVGO	11135F101	Broadcom Inc	389	306.1	119072.9	2.88%	4135840	200000	8
09/05/2025	STRN	PLTR	69608A108	Palantir Technologies Inc	733	156.14	114450.62	2.77%	4135840	200000	8
09/05/2025	STRN	GLW	219350105	Corning Inc	1249	69.72	87080.28	2.11%	4135840	200000	8
09/05/2025	STRN	APH	032095101	Amphenol Corp	672	112.75	75768	1.83%	4135840	200000	8
09/05/2025	STRN	AMD	007903107	Advanced Micro Devices Inc	461	161.79	74585.19	1.80%	4135840	200000	8
09/05/2025	STRN	APP	03831W108	AppLovin Corp	141	499.97	70495.77	1.70%	4135840	200000	8
09/05/2025	STRN	INTU	461202103	Intuit Inc	97	668.29	64824.13	1.57%	4135840	200000	8
09/05/2025	STRN	ADI	032654105	Analog Devices Inc	217	246.11	53405.87	1.29%	4135840	200000	8
09/05/2025	STRN	MU	595112103	Micron Technology Inc	404	124.21	50180.84	1.21%	4135840	200000	8
09/05/2025	STRN	KLAC	482480100	KLA CORP	55	873.29	48030.95	1.16%	4135840	200000	8
09/05/2025	STRN	LRCX	512807306	Lam Research Corp	469	100.42	47096.98	1.14%	4135840	200000	8
09/05/2025	STRN	GOOGL	02079K305	Alphabet Inc	179	232.3	41581.7	1.01%	4135840	200000	8
09/05/2025	STRN	GOOG	02079K107	Alphabet Inc	178	232.66	41413.48	1.00%	4135840	200000	8
09/05/2025	STRN	UBER	90353T100	Uber Technologies Inc	384	91.98	35320.32	0.85%	4135840	200000	8
09/05/2025	STRN	WELL	95040Q104	Welltower Inc	186	167.68	31188.48	0.75%	4135840	200000	8
09/05/2025	STRN	MS	617446448	Morgan Stanley	175	150.53	26342.75	0.64%	4135840	200000	8
09/05/2025	STRN	DELL	24703L202	Dell Technologies Inc	183	126.67	23180.61	0.56%	4135840	200000	8
09/05/2025	STRN	CSCO	17275R102	Cisco Systems Inc	304	67.99	20668.96	0.50%	4135840	200000	8
09/05/2025	STRN	MELI	58733R102	MercadoLibre Inc	8	2417.8	19342.4	0.47%	4135840	200000	8
09/05/2025	STRN	NOW	81762P102	ServiceNow Inc	11	898.56	9884.16	0.24%	4135840	200000	8
09/05/2025	STRN	Cash&Other	Cash&Other	Cash & Other	-109999	1	-109998.67	-2.66%	4135840	200000	8

Fund Documents

Purchase

The Fund (STRN) is available through various channels including via phone (877) 752-2442, broker-dealers, investment advisers, and other financial services firms, including: