Defiance ETFs Notes Several Key Developments in the Field of Quantum Computing; Announces Lower Expense Ratio for Its Quantum ETF (QTUM)

Advancements in the field of quantum computing continue to build; IBM unveils first standalone quantum computer

Defiance ETFs announced that it has lowered the expense ratio for its Defiance Quantum Computing ETF (QTUM). Effective January 14th, 2019, the expense ratio for QTUM was reduced from 0.65% to 0.40%.

"The past few months have seen a fresh wave of key news and developments in the field of both quantum computing and machine learning, capped off by IBM's recent launch of its Q System One quantum computing system," said Paul Dellaquila, Global Head of ETFs at Defiance. "As quantum computing advancements bring this disruptive technology to more industries and audiences, we want to make sure our innovative QTUM ETF is best positioned to be the go-to vehicle for investors who are interested investing in companies developing the underlying technologies behind quantum computing and machine learning."

About Defiance ETFs

Defiance ETFs offers investors access to transformative technology via targeted portfolios. Defiance ETFs' distinct approach to disruptive investing empowers investors to be on the leading edge of technological developments that have the potential to alter industries and change how we experience the world.

DISCLOSURES

The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the investment company. The prospectus can be obtained by calling 1-833-333-9383. Please read it carefully before investing.

Investing involves risk. Principal loss is possible. As an ETF, the fund may trade at a premium or discount to NAV. Shares of any ETF are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. The Fund is not actively managed and would not sell a security due to current or projected under performance unless that security is removed from the Index or is required upon a reconstitution of the Index. A portfolio concentrated in a single industry or country, may be subject to a higher degree of risk. The value of stocks of information technology companies are particularly vulnerable to rapid changes in technology product cycles, rapid product obsolescence, government regulation and competition. The Fund is considered to be non-diversified, so it may invest more of its assets in the securities of a single issuer or a smaller number of issuers. Investments in foreign securities involve certain risks including risk of loss due to foreign currency fluctuations or to political or economic instability. This risk is magnified in emerging markets. Small and mid-cap companies are subject to greater and more unpredictable price changes than securities of large-cap companies.

The Fund is distributed by Quasar Distributors, LLC.

The Defiance Quantum Computing & Machine Learning ETF holds 1.45% in IBM as of 01/23/2019.

Fund holdings are subject to change and are not a recommendation to buy or sell any security.

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