LONG-ONLY AND LONG/SHORT STRATEGIES Managed by hedge fund managers Joel Greenblatt and Robert Goldstein

The S&P 500 Index is a commonly followed equity index and is generally considered a barometer of the U.S. equity market. The performance and volatility of the funds will be different than that of the index. It is not possible to invest directly in the index.

Gotham ETFs

An investor should consider the investment objectives, risks, charges, and expenses of the funds carefully before investing. The prospectus and summary prospectus contain this and other information about the funds. The prospectus and summary prospectus should be read carefully before investing.  A prospectus for the Gotham Short Strategies ETF is available by clicking here. A prospectus for the Gotham Enhanced 500 ETF is available by clicking here.  A prospectus for the Gotham 1000 Value ETF is available by clicking here.

An investment in the funds is subject to numerous risks including the possible loss of principal. There can be no assurance that the funds will achieve their investment objectives. Equity securities, such as common stocks, are subject to market, economic and business risks that may cause their prices to fluctuate. As with all ETFs, fund shares may be bought and sold in the secondary market at market prices. The market price normally should approximate each fund’s net asset value per share (NAV), but the market price sometimes may be higher or lower than the NAV. The funds are new with a limited operating history. There are a limited number of financial institutions authorized to buy and sell shares directly with the funds, and there may be a limited number of other liquidity providers in the marketplace. There is no assurance that fund shares will trade at any volume, or at all, on any stock exchange. Low trading activity may result in shares trading at a material discount to NAV. Please see the respective prospectus and summary prospectus for a complete description of principal risks.  Please see the prospectus and summary prospectus for a complete description of principal risks.

Gotham ETFs are distributed by Foreside Fund Services, LLC.