IPDP Dividend Performers ETF

ALL HOLDINGS Data as of XX/XX/XX
Ticker	Name	CUSIP	Shares	Price	Market Value	% Market Value	Net Assets	Shares Outstanding
Cash & Other	Cash & Other	Cash&Other	292305	1	292305	3.84%	7610910	300000
626738AD0	MURPHY OIL USA INC 5.625% 05/01/2027	626738AD0	245000	108	264600	3.48%	7610910	300000
12572QAF2	CME GROUP INC 5.3% 09/15/2043	12572QAF2	205000	125.203129	256666.41	3.37%	7610910	300000
171232AS0	CHUBB CORP 6.5% 05/15/2038	171232AS0	175000	138.888312	243054.55	3.19%	7610910	300000

Innovative Portfolios, LLC is investment advisor to Dividend Performers ETF.

Carefully consider the Fund’s investment objective, risk factors, charges and expenses before investing. This and additional information can be found in the Dividend Performers ETF prospectus, which can be obtained by calling 800-617-0004 or clicking here. Please read the prospectus carefully before investing.

Investing involves risk, including possible loss of principal.

The Fund invests in options. All investment strategies carry risk, and transactions in options may carry a high degree of risk. Investors should carefully consider the Fund’s risks and investment objectives as an investment in the Fund may not be appropriate for all investors and is not designed to be a complete investment program. Before making an investment/allocation decision, investors and registered investment advisers (RIAs) allocating to clients’ account should consider the suitability of this investment with respect to such investor’s or client’s net worth, income, age, and risk tolerance. Investment should be avoided where an investor has a short-term investing time horizon and/or cannot bear the loss of some or all of their investment.

Dividend-Paying Security Risk: Securities that pay high dividends as a group can fall out of favor with the market, causing these companies to underperform companies that do not pay high dividends. Also, companies owned by the Fund that have historically paid a dividend may reduce or discontinue their dividends, thus reducing the yield of the Fund. Investment in real estate companies, including REITs, exposes the Fund to the risks of owning real estate directly. Real estate is highly sensitive to general and local economic conditions and developments.

© 2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

The Morningstar Rating^TM for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product’s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The Morningstar Rating does not include any adjustment for sales loads. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Dividend Performers fund received four stars among 84 funds in the Option Trading category for the overall and three-year periods ending December 31, 2021. The inception for the Dividend Performers fund is December 24, 2018 and, as such there is no performance for the 5- and 10-year periods. Prior to listing date, the ETF operated as a mutual fund. The Morningstar rating is based on the predecessor fund. Past performance is no guarantee of future results.

Dividend Performers ETF is distributed by Foreside Fund Services, LLC.

IPDP Holdings