Liquid Strategies

Prospectus: lsfunds.com/hubfs/Regulato…

Passive large cap equities + risk managed put spread selling overlay, all in one ETF. Learn more about the Overlay Shares Large Cap Equity ETF ($OVL). For standardized performance, click the link in this thread. *Distributions are not guaranteed and may include return of capital. Distribution rates are not a measure of performance. The Distribution Rate is the annual return an investor would receive if the most recently declared distribution remained the same going forward, that may include option income, dividend and possibly some return of capital. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. SEC Yield: 0.37%** **The 30-Day SEC Yield represents net investment income, which excludes option income, earned by the ETF over the 30-Day period, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. Distributions are not guaranteed.

Morningstar 3-Year Rating: ★★★★★(82 funds) | Morningstar 5-Year Rating: ★★★★★ (66 funds) The Morningstar Rating™ is based on risk-adjusted returns among funds in the same category and is not a guarantee of future results. Ratings are based on 3- and 5-year periods.

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 1-866-704-OVLS. For standardized performance along with month-end performance, please visit lsfunds.com/ovl.

Why choose between income and equity exposure? Traditional option income strategies can cap upside in exchange for yield. The Overlay Shares Large Cap Equity ETF ($OVL) takes a different structural approach to pursuing income while maintaining equity exposure. Rethink what’s possible in large cap income: LSfunds.com/OVL Options involve risks, may limit upside, and can increase volatility.

For important information: info.lsfunds.com/fund-disclosur…

Don’t let potential market growth slip from your grasp. Learn more about the Denali Structured Return Strategy ($DNLIX) from Liquid Strategies with the link in the thread below.

Learn key options strategies–covered calls, protective puts, spreads, straddles, and buffers–to adjust risk exposure, potential income, and defined downside characteristics: blog.lsfunds.com/education/comm… *Educational content only. Options involve risk and are not suitable for all investors. Before engaging in options trading, investors should carefully review the disclosure document Characteristics and Risks of Standardized Options, available at theocc.com

Carefully consider the Fund’s objectives, risks, charges, and expenses at LSfunds.com. Read the prospectus carefully before investing.

Important information: info.lsfunds.com/disclosures-0

Income investing has long involved a tradeoff—generating income while potentially limiting equity exposure. The Overlay Shares Large Cap Equity ETF ($OVL), Overlay Shares Small Cap Equity ETF ($OVS), and Overlay Shares Foreign Equity ETF ($OVF) seek to generate income while maintaining exposure to underlying equity markets. Rethink what’s possible: LSfunds.com/etfs For standardized performance and other disclosures, click the links in the thread. Return of capital reduces an investor’s cost basis and is not income earned from portfolio investments. Options involve risks, may limit upside, and can increase volatility.

Passive small cap equities + risk managed put spread selling overlay, all in one ETF. Learn more about $OVS from Overlay Shares. For standardized performance and the prospectus, click the links in the thread *Distributions are not guaranteed and may include return of capital. Distribution rates are not a measure of performance. The Distribution Rate is the annual return an investor would receive if the most recently declared distribution remained the same going forward, that may include option income, dividend and possibly some return of capital. The Distribution Rate is calculated by multiplying an ETF’s Distribution per Share by twelve (12), and dividing the resulting amount by the ETF’s most recent NAV. The Distribution Rate represents a single distribution from the ETF and does not represent its total return. SEC Yield: 0.05%** **The 30-Day SEC Yield represents net investment income, which excludes option income, earned by the ETF over the 30-Day period, expressed as an annual percentage rate based on such ETF’s share price at the end of the 30-Day period. Distributions are not guaranteed