Carefully consider the Funds investment objectives, risk factors, charges, and expenses before investing. This and additional information can be found in Impact Shares' statutory and summary prospectus, which may be obtained by calling 844-448-3383, or by visiting www.impactetfs.org. Read the prospectuses carefully before investing.

Investing involves risk, including the possible loss of principal. Shares of any ETF are bought and sold at market price (not NAV), may trade at a discount or premium to NAV and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Investments in commodities are subject to higher volatility than more traditional investments. Narrowly focused investments and investments in smaller companies typically exhibit higher volatility. The Funds may invest in derivatives, which are often more volatile than other investments and may magnify the Funds’ gains or losses. The Funds are non-diversified.

The Impact Shares Sustainable Development Goals Equity ETF invests in foreign investments and emerging markets, In addition to the normal risks associated with investing, international investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume.

Impact Shares ETFs are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Impact Shares Corp., the Investment Adviser for the Fund.