Definitive Materials Filed by Investment Companies. (497)
February 25 2020 - 12:14PM
Edgar (US Regulatory)
Day Hagan/Ned Davis Research Smart Sector
ETF
Cboe Ticker: SSUS
February 25, 2020
The information in this Supplement amends
certain information contained in the Fund’s Prospectus, dated January 10, 2020.
____________________________________________________________________________________
The following information replaces
the first paragraph of the section of the Fund’s Prospectus entitled “Dividends and Distributions—Distributions”:
DIVIDENDS AND DISTRIBUTIONS
Distributions. The Fund does
not offer a dividend reinvestment service to facilitate the reinvestment of distributions into additional Fund shares. The Fund
intends to declare and pay dividends on investment income, if any, annually. The Fund also intends to make distributions of net
capital gains, if any, at least annually. Dividends and capital gains distributions will be paid in cash.
* * *
You should read this Supplement in conjunction
with the Fund’s Prospectus, Summary Prospectus, and Statement of Additional Information, each dated January 10, 2020, which
provide information that you should know about the Fund before investing. These documents are available upon request and without
charge by calling the Fund toll-free at 1-800-594-7930 or by writing to the Fund at 36 North New York Avenue, Huntington, NY 11743.
Please retain this Supplement for
future reference.
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