Salt Financial ETFs

Salt Financial exchange traded funds ("Salt Financial ETFs") are available commission free to clients of Interactive Brokers LLC ("Interactive Brokers") through an agreement between Interactive Brokers and Salt Financial LLC, advisor and sponsor of the Salt Financial ETFs.

With an Interactive Brokers account, you can gain access via the Trader Workstation platform to commission-free trading of Salt Financial ETFs. [For further information on the Interactive Brokers' trading platforms, click here]

Salt Financial focuses on creating better measures of market risk to help drive investment returns. They combine 20 years of trading and markets experience with modern technology and data science to improve fundamental measures of volatility.

The process used by Salt Financial begins with extracting the information packed in intraday prices to help improve accuracy. Then they use a blend of timeframes and sample frequencies to assess the views of multiple market participants. Lastly, they user non-linear models powered by machine learning algorithms for better performance in forecasting the extreme highs and lows on volatility, when insight is most needed. The result is designed to be a more responsive and accurate picture of near-term market risk.

With the enhanced measure of market risk, Salt Financial develops investment strategies and analytics for sophisticated investors. Salt Financial looks to provide the tools for portfolio construction, monitoring, and customization to aid the quest for investment performance.

This and additional information can be found in the Fund's prospectus. Read the prospectus carefully before investing. For more information, please visit https://www.saltfinancial.com.

No offer or solicitation to buy or sell securities or futures products of any kind, or any type of recommendation or advice, is made, given or in any manner endorsed by Interactive Brokers or any of its affiliates.

Interactive Brokers receives compensation from Salt Financial LLC in connection with an agreement that includes promotion of Salt Financial ETFs and certain commission waivers.


Salt Financial ETFs
Symbol Fund Name Fund Description Prospectus Fact Sheet
SLT The Salt High truBeta US Market Fund Salt High truBetaTM US Market Index uses truBetaTM estimates designed to select stocks with the highest sensitivity to the SPDR S&P 500 ETF (SPY). The objective is to magnify exposure to the SPY without the use of borrowing or derivatives through systematic stock selection by targeting higher beta securities with greater accuracy. With an average truBetaTM estimate of approximately 1.50, the Salt High truBetaTM US Market Index seeks to capture 50% more variation than the market in the same direction. Download Download
LSLT The Salt Low truBeta US Market Fund Salt Low truBetaTM US Market Index targets US large and midcap stocks with lower sensitivity to the SPDR S&P 500 ETF (SPY) and less variability in their historical betas. With a truBetaTM estimate less than the market average of 1.0, the Salt Low truBetaTM US Market Index aims for lower volatility and the potential for better risk-adjusted returns Download Download
Disclosures

Carefully consider each Fund's investment objective, risk factors, charges, and expenses before investing. This and additional information can be found in the Fund's prospectus at https://www.saltfinancial.com. Please read the prospectus carefully before investing.

The commission-free trades for Salt Financial ETFs must be done online via the IB Trader Workstation platform. Commission-free trades apply to all online transactions on the Salt Financial ETFs listed above. Interactive Brokers may add or waive commissions on Salt Financial ETFs without prior notice. Click here for information regarding account minimums. All ETFs are subject to internal management fees and expenses.

An investment in the Fund is subject to investment risks; therefore you may lose money by investing in the Fund. There can be no assurance that the Fund will be successful in meeting its investment objective. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Any brokerage commissions will reduce returns. Narrowly focused investments typically exhibit higher volatility.

The Salt High truBetaTM US Market Index and the Salt Low truBetaTM US Market Index rely heavily on proprietary quantitative models as well as information and data supplied by third parties (Models and Data). When such Models and Data prove to be incorrect or incomplete, the Index and Fund may not perform as expected. The securities in the Index universe with the highest truBeta are included and the Index, and consequently the Fund, can be expected to be more volatile than the broader U.S. equity market. A security’s truBeta is based on historical information and may not be indicative of a security’s future profile. As with all index funds, the performance of the Fund and its Index may differ from each other for a variety of reasons. For example, the Fund incurs operating expenses and portfolio transaction costs not incurred by the Index. In addition, the Fund may not be fully invested in the securities of the Index at all times or may hold securities not included in the Index. The Fund has the same risks as the underlying securities traded on the exchange through the day. Redemptions are limited and often commissions are charged on each trade within the Fund, and ETFs may trade at a premium or discount to their net asset value.

Shares may only be redeemed directly from the Fund by Authorized Participants, in very large creation/redemption units. There can be no assurance that an active trading market for shares of an ETF will develop or be maintained.

The indices may invest in stocks or REITs issued by companies that may use derivatives, borrowing, or leverage in the course of their operating businesses.

Beta describes the sensitivity of an individual stock to movements in the broader market. The beta coefficient is the slope of the line created by regressing the returns of the individual stock on the returns of the market. Alternatively, beta can be calculated as the ratio of how the stock moves with the market (covariance) to the variance of the market. A stock with an estimated beta of 1.0 tends to vary in the same direction and magnitude as the market. A stock with a beta of 1.2 would be expected to vary 20% more than the market (higher volatility); one with a beta of 0.8 would tend to move 20% less than the market (lower volatility).

The Salt High truBetaTM US Market Index measures the performance of an equal-weighted portfolio of approximately 100 large- and mid-capitalization U.S.-listed stocks with the highest forecasted systematic risk relative to the market (known as “beta”). The Salt Low truBetaTM US Market Index measures the performance of an equal-weighted portfolio of approximately 100 large- and mid-capitalization U.S.-listed stocks with the stocks with a truBeta score of less than 1.00.

You cannot directly invest in an index.

The Salt High truBetaTM US Market Fund ETF and the Salt Low truBetaTM US Market Fund ETF are distributed by Compass Distributors, LLC.

No offer or solicitation to buy or sell securities or futures products of any kind, or any type of recommendation or advice, is made, given or in any manner endorsed by Interactive Brokers LLC ("Interactive Brokers") or any of its affiliates.

Interactive Brokers receives compensation from Salt Financial LLC in connection with an agreement that includes promotion of Salt Financial ETFs and certain commission waivers.