The F/m Ultrashort TIPS Fund is a passively-managed exchange-traded fund (ETF) that seeks investment results, before fees and expenses, that correspond generally to the price and yield performance of the Bloomberg U.S. Ultrashort TIPS 1-13 Months Total Return Unhedged USD Index (I39232US) (Underlying Index), which measures the performance of U.S. Treasury Inflation-Protected Securities (TIPS) with maturities from 1 month up to (but not including) 13 months. TIPS are income-generating instruments whose interest and principal payments are adjusted for inflation. The inflation adjustment, which is typically applied monthly to the principal of the bond, follows a designated inflation index, the non-seasonally adjusted Consumer Price Index for All Urban Consumers (CPI-U), and TIPS principal payments are adjusted according to changes in the CPI-U. A fixed coupon rate is applied to the inflation-adjusted principal so that, as inflation rises, both the principal value and the interest payments increase. This can provide a hedge against inflation, as it helps preserve the purchasing power of an investment. Because of this inflation adjustment feature, inflation-protected bonds typically have lower yields than conventional fixed-rate bonds. Under normal market conditions, F/m Investments LLC (the Adviser) seeks to achieve the Funds investment objective by investing at least 80 percent of the Funds net assets (plus any borrowings for investment purposes) in TIPS with maturities of 1-13 months.