SGRT

SMART Earnings Growth ETF

Strategy Driven Growth through Active Management

Fund Summary

Designed to pursue long-term capital appreciation through a quantitative, active management strategy.

The fund employs a concentrated portfolio approach with no sector or industry allocation constraints, allowing for flexible positioning that aims to maximize return potential across varying market conditions.

Fund Details

Name	Value
Fund Inception	8/28/25
Fund Name	SMART Earnings Growth ETF
Ticker	SGRT
Primary Exchange	NYSE Arca
CUSIP	886365105
Expense Ratio	0.59%
30 Day SEC Yield* As of 09/30/2025	-0.16%

*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	$15.41m
NAV	$24.66
Shares Outstanding	625,000
Premium/Discount Percentage	0.36%
Closing Price	$24.75
Median 30 Day Spread*	0.17%

As of 10/10/2025

*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 9/30/2025

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 Earnings Growth 30 ETF	SGRT MKT	14.13	-	-	-	-	-	-	-	17.76	-	09/30/2025
SMART Earnings Growth 30 ETF	SGRT NAV	14.06	-	-	-	-	-	-	-	17.73	-	09/30/2025

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 Earnings Growth 30 ETF	SGRT MKT	14.13	-	-	-	-	-	-	-	17.76	-	09/30/2025
SMART Earnings Growth 30 ETF	SGRT NAV	14.06	-	-	-	-	-	-	-	17.73	-	09/30/2025

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 10/13/2025

Date	Account	Ticker	CUSIP	Name	Shares	Price	Market Value	Weightings	NetAssets	SharesOutstanding	CreationUnits
10/10/2025	SGRT	AMD	007903107	Advanced Micro Devices Inc	9087	232.89	2116271.43	13.73%	15413000	625000	25
10/10/2025	SGRT	PLTR	69608A108	Palantir Technologies Inc	9948	185.47	1845055.56	11.97%	15413000	625000	25
10/10/2025	SGRT	APP	03831W108	AppLovin Corp	2619	600.32	1572238.08	10.20%	15413000	625000	25
10/10/2025	SGRT	MU	595112103	Micron Technology Inc	7504	192.33	1443244.32	9.36%	15413000	625000	25
10/10/2025	SGRT	DASH	25809K105	DoorDash Inc	5027	275.44	1384636.88	8.98%	15413000	625000	25
10/10/2025	SGRT	AVGO	11135F101	Broadcom Inc	2868	345.02	989517.36	6.42%	15413000	625000	25
10/10/2025	SGRT	APH	032095101	Amphenol Corp	7071	126.25	892713.75	5.79%	15413000	625000	25
10/10/2025	SGRT	BSX	101137107	Boston Scientific Corp	8587	97.28	835343.36	5.42%	15413000	625000	25
10/10/2025	SGRT	NEM	651639106	Newmont Corp	8828	85.21	752233.88	4.88%	15413000	625000	25
10/10/2025	SGRT	UI	90353W103	Ubiquiti Inc	735	696.57	511978.95	3.32%	15413000	625000	25
10/10/2025	SGRT	CVNA	146869102	Carvana Co	1081	360.03	389192.43	2.53%	15413000	625000	25
10/10/2025	SGRT	VRT	92537N108	Vertiv Holdings Co	2053	168.88	346710.64	2.25%	15413000	625000	25
10/10/2025	SGRT	LNG	16411R208	Cheniere Energy Inc	1290	231.38	298480.2	1.94%	15413000	625000	25
10/10/2025	SGRT	SOFI	83406F102	SoFi Technologies Inc	7121	28.45	202592.45	1.31%	15413000	625000	25
10/10/2025	SGRT	CDE	192108504	COEUR MINING INC.	9840	20.05	197292	1.28%	15413000	625000	25
10/10/2025	SGRT	PTC	69370C100	PTC Inc	909	201.72	183363.48	1.19%	15413000	625000	25
10/10/2025	SGRT	FIX	199908104	Comfort Systems USA Inc	203	834.7	169444.1	1.10%	15413000	625000	25
10/10/2025	SGRT	CIEN	171779309	Ciena Corp	1029	163.61	168354.69	1.09%	15413000	625000	25
10/10/2025	SGRT	HL	422704106	Hecla Mining Co	12608	12.79	161256.32	1.05%	15413000	625000	25
10/10/2025	SGRT	CG	14316J108	Carlyle Group Inc/The	2731	59.1	161402.1	1.05%	15413000	625000	25
10/10/2025	SGRT	GWRE	40171V100	Guidewire Software Inc	647	236.53	153034.91	0.99%	15413000	625000	25
10/10/2025	SGRT	LIF	532206109	Life360 Inc	1423	107.53	153015.19	0.99%	15413000	625000	25
10/10/2025	SGRT	MTZ	576323109	MasTec Inc	694	210.09	145802.46	0.95%	15413000	625000	25
10/10/2025	SGRT	NFG	636180101	National Fuel Gas Co	1666	85.81	142959.46	0.93%	15413000	625000	25
10/10/2025	SGRT	CTRE	14174T107	CareTrust REIT Inc	4220	33.81	142678.2	0.93%	15413000	625000	25
10/10/2025	SGRT	FGXXX	31846V336	First American Government Obligations Fund 12/01/2031	57002	100	57001.81	0.37%	15413000	625000	25
10/10/2025	SGRT	Cash&Other	Cash&Other	Cash & Other	-3541	1	-3541.2	-0.02%	15413000	625000	25

Fund Documents

Purchase

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