Yorkville America 2X Long MANGOS Plus Daily Target ETF

An investment in the Fund entails risk. The Fund may not achieve its leveraged investment objective and there is a risk  that you could lose all of your money invested in the Fund. The Fund is not a complete investment program. In addition,  the Fund presents risks not traditionally associated with other mutual funds and ETFs. It is important that investors  closely review all of the risks listed below and understand them before making an investment in the Fund. 

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Effects of Compounding and Market Volatility Risk. The Fund has a daily leveraged investment objective and the Fund’s  performance for periods greater than a trading day will be the result of each day's returns compounded over the period,  which is very likely to differ from 200% of MANGOS Plus ETF’s performance, before fees and expenses. Compounding  affects all investments, but has a more significant impact on funds that are leveraged and that rebalance daily and  becomes more pronounced as volatility and holding periods increase. The impact of compounding will impact each  shareholder differently depending on the period of time an investment in the Fund is held and the volatility of MANGOS  Plus ETF during the shareholder’s holding period of an investment in the Fund. 

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The chart below provides examples of how MANGOS Plus ETF volatility and its return could affect the Fund’s  performance. Fund performance for periods greater than one single day can be estimated given any set of assumptions  for the following factors: a) MANGOS Plus ETF volatility; b) MANGOS Plus ETF performance; c) period of time; d)  financing rates associated with leveraged exposure; e) other Fund expenses; and f) dividends or interest paid with  respect to MANGOS Plus ETF. The chart below illustrates the impact of two principal factors – volatility and performance  – on Fund performance. The chart shows estimated Fund returns for a number of combinations of MANGOS Plus ETF  volatility and MANGOS Plus ETF performance over a one-year period. Performance shown in the chart assumes that: (i)  no dividends were paid with respect to MANGOS Plus ETF; (ii) there were no Fund expenses; and (iii) borrowing/lending  rates (to obtain leveraged exposure) of 0%. If Fund expenses and/or actual borrowing/lending rates were reflected, the  estimated returns would be different than those shown. Particularly during periods of higher volatility, compounding will  cause results for periods longer than a trading day to vary from 200% of the performance of MANGOS Plus ETF. 

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During periods of higher MANGOS Plus ETF volatility, the volatility of MANGOS Plus ETF may affect the Fund’s return as  much as, or more than, the return of MANGOS Plus ETF. The impact of compounding will impact each shareholder  differently depending on the period of time an investment in the Fund is held and the volatility of MANGOS Plus ETF  during a shareholder’s holding period of an investment in the Fund. 

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As shown in the chart below, the Fund would be expected to lose 6.1% if MANGOS Plus ETF provided no return over a  one-year period during which MANGOS Plus ETF experienced annualized volatility of 25%. At higher ranges of volatility,  there is a chance of a significant loss of value in the Fund, even if MANGOS Plus ETF’s return is flat. For instance, if  MANGOS Plus ETF’s annualized volatility is 100%, the Fund would be expected to lose 63.2% of its value, even if the  cumulative return for the year was 0%. Areas shaded red (or dark gray) represent those scenarios where the Fund can  be expected to return less than 200% of the performance of MANGOS Plus ETF and those shaded green (or light gray)  represent those scenarios where the Fund can be expected to return more than 200% of the performance of MANGOS Plus ETF. The table below is not a representation of the Fund’s actual returns, which may be significantly better or worse  than the returns shown below as a result of any of the factors discussed above or in “Daily Correlation Risk” below.

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MANGOS Plus ETF is newly launched and began trading in calendar year 2026. As of the date of this prospectus,  MANGOS Plus ETF does not have a track record of historical performance or daily volatility. Accordingly, no annualized  performance or volatility data is available for prior years.  

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For information regarding the effects of volatility and performance on the long-term performance of the Fund, see  “Additional Information About Investment Techniques and Policies.”

Leverage Risk. The Fund obtains investment exposure in excess of its net assets by utilizing leverage and may lose more  money in market conditions that are adverse to its investment objective than a fund that does not utilize leverage. An  investment in the Fund is exposed to the risk that a decline in the daily performance of MANGOS Plus ETF will be  magnified. This means that an investment in the Fund will be reduced by an amount equal to 2% for every 1% daily  decline in MANGOS Plus ETF, not including the costs of financing leverage and other operating expenses, which would  further reduce its value. The Fund could theoretically lose an amount greater than its net assets in the event of a security  decline of more than 50%. This would result in a total loss of a shareholder’s investment in one day even if MANGOS Plus  ETF subsequently moves in the opposite direction and eliminates all or a portion of its earlier daily change. A total loss  may occur in a single day even if MANGOS Plus ETF does not lose all of its value. Leverage will also have the effect of  magnifying any differences in the Fund’s correlation with MANGOS Plus ETF and may increase the volatility of the Fund.

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To the extent that the instruments utilized by the Fund are thinly traded or have a limited market, the Fund may be  unable to meet its investment objective due to a lack of available investments or counterparties. During such periods,  the Fund’s ability to issue additional Creation Units may be adversely affected. As a result, the Fund’s shares could trade  at a premium or discount to their net asset value and/or the bid-ask spread of the Fund’s shares could widen.  Under such circumstances, the Fund may increase its transaction fee, change its investment objective by, for example,  seeking to track an alternative security, reduce its leverage or close. In such circumstances, the Fund’s investment  adviser will consult with counsel to the Trust and its Board of Trustees, and if determined to be necessary, the Fund will  amend and/or supplement the prospectus as promptly as feasible under the circumstances to include appropriate  disclosures.  

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Derivatives Risk. Derivatives are financial instruments that derive value from the underlying reference asset or assets,  such as stocks, bonds, or funds (including ETFs), interest rates or underlying securityes. Investing in derivatives may be  considered aggressive and may expose the Fund to greater risks, and may result in larger losses or small gains, than  investing directly in the reference assets underlying those derivatives, which may prevent the Fund from achieving its  investment objective.  

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The Fund expects to use swap agreements to achieve its investment objective. The Fund’s investments in derivatives  may pose risks in addition to, and greater than, those associated with directly investing in securities or other  investments, including risk related to the market, leverage, imperfect correlations with underlying investments or the  Fund’s other portfolio holdings, higher price volatility, lack of availability, counterparty, liquidity, valuation, and legal  restrictions. The performance of a derivative may not track the performance of its reference asset, including due to fees  and other costs associated with it. Because derivatives often require only a limited initial investment, the use of  derivatives may expose the Fund to losses in excess of the amount initially invested. As a result, the value of an  investment in the Fund may change quickly and without warning. Additionally, any financing, borrowing or other costs  associated with using derivatives may also have the effect of lowering the Fund’s return. Such costs may increase as  interest rates rise.

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Swap Agreements. Swap agreements are entered into with financial institutions for a specified period which may range  from one day to more than one year. In a standard swap transaction, two parties agree to exchange the return (or  differentials in rates of return) earned or realized on particular predetermined reference or underlying securities or  instruments. The gross return to be exchanged or swapped between the parties is calculated based on a notional  amount or the return on or change in value of a particular dollar amount invested in a reference asset. Swap agreements  are generally traded over-the-counter, and therefore, may not receive as much regulatory protection as exchange traded instruments, which may expose investors to significant losses.  

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The Fund will be subject to regulatory constraints relating to the level of value at risk that the Fund may incur through its  derivatives portfolio. To the extent the Fund exceeds these regulatory thresholds over an extended period, the Fund  may determine that it is necessary to make adjustments to the Fund’s investment strategy and the Fund may not  achieve its investment objective. To the extent that the Fund exceeds the level of value at risk for an extended period,  the Fund may amend and/or supplement its prospectus as promptly as feasible under the particular circumstances to  include appropriate adjustments to its investment strategy and if necessary, the Fund’s name.

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Call Options. The use of call options involves investment strategies and risks different from those associated with  ordinary portfolio securities transactions. The prices of options are volatile and are influenced by, among other things,  actual and anticipated changes in the value of the underlying instrument, including the anticipated volatility, which is  affected by fiscal and monetary policies and by national and international politics, changes in the actual or implied  volatility or the reference asset, and the time remaining until the expiration of the option contract and economic events.  The values of the options contracts in which the Fund invests are substantially influenced by the value of the underlying  instrument. The Fund may experience substantial downside from specific option positions and certain option positions  held by the Fund may expire worthless. The options held by the Fund are exercisable at the strike price on their  expiration date. As an option approaches its expiration date, its value typically increasingly moves with the value of the  underlying instrument. However, prior to expiry, the value of an option generally does not increase or decrease at the  same rate as the underlying instrument. There may at times be an imperfect correlation between the movement in  values of options contracts and the reference asset, and there may at times not be a liquid secondary market for certain  options contracts. The value of the options held by the Fund will be determined based on market quotations or other  recognized pricing methods. As the options contracts are exercised or expire the Fund may enter into new options  contracts, a practice referred to as rolling.  

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FLEX Options. The FLEX Options held by the Fund will be exercisable at the strike price only on their expiration date. Prior  to the expiration date, the value of the FLEX Options will be determined based upon market quotations or using other recognized pricing methods. The value of the FLEX Options prior to the expiration date may vary because of related  factors other than the value of the reference asset. Factors that may influence the value of the FLEX Options, other than  gains or losses in the reference asset, may include interest rate changes, changing supply and demand, decreased  liquidity of the FLEX Options, and changing volatility levels of the reference asset. FLEX Options are listed on an  exchange; however, it is not guaranteed that a liquid secondary trading market will exist. In the event that trading in the  FLEX Options is limited or absent, the value of the FLEX Options may decrease.

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Counterparty Risk. A counterparty may be unwilling or unable to make timely payments to meet its contractual  obligations or may fail to return holdings that are subject to the agreement with the counterparty. If the counterparty or  its affiliate becomes insolvent, bankrupt or defaults on its payment obligations to the Fund, the value of an investment  held by the Fund may decline. Additionally, if any collateral posted by the counterparty for the benefit of the Fund is  insufficient or there are delays in the Fund’s ability to access such collateral, the Fund may not be able to achieve its  leveraged investment objective.

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In addition, the Fund may enter into swap agreements with a limited number of counterparties, which may increase the  Fund’s exposure to counterparty credit risk. Further, there is a risk that no suitable counterparties will be willing to  enter into, or continue to enter into, transactions with the Fund and, as a result, the Fund may not be able to achieve its  leveraged investment objective or may decide to change its leveraged investment objective. The risk of a limited  number of counterparties may be, and historically has been, particularly accentuated during times of significant market  volatility. During times of significant market volatility, the costs to enter into the swaps that the Fund utilizes may  increase significantly, which may negatively impact the Fund’s returns. While the objective of the Fund is to seek daily  investment results, before fees and expenses, of 200% of the daily performance of MANGOS Plus ETF, it is important for  investors to understand that significant increases in the costs of entering into the swaps may negatively impact  investment results after fees and expenses.

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Rebalancing Risk. If for any reason the Fund is unable to rebalance all or a part of its portfolio, or if all or a portion of the  portfolio is rebalanced incorrectly, the Fund’s investment exposure may not be consistent with its investment objective.  In these instances, the Fund may have investment exposure to MANGOS Plus ETF that is significantly greater or  significantly less than its stated multiple. The Fund may be more exposed to leverage risk than if it had been properly  rebalanced and may not achieve its investment objective, leading to significantly greater losses or reduced gains.

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Intra-Day Investment Risk. The Fund seeks leveraged investment results from the close of the market on a given trading  day until the close of the market on the subsequent trading day. The exact exposure of an investment in the Fund  intraday in the secondary market is a function of the difference between the value of MANGOS Plus ETF at the market  close on the first trading day and the value of MANGOS Plus ETF at the time of purchase. If MANGOS Plus ETF gains  value, the Fund’s net assets will rise by the same amount as the Fund’s exposure. Conversely, if MANGOS Plus ETF  declines, the Fund’s net assets will decline by the same amount as the Fund’s exposure. Thus, an investor that purchases  shares intra-day may experience performance that is greater than, or less than, the Fund’s stated multiple of MANGOS  Plus ETF.

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If there is a significant intra-day market event and/or the securities experience a significant change in value, the Fund  may not meet its investment objective, may not be able to rebalance its portfolio appropriately, or may experience  significant premiums or discounts, or widened bid-ask spreads. Additionally, the Fund may close to purchases and sales  of shares (“Shares”) prior to the close of trading on the Exchange and incur significant losses.

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Daily Correlation Risk. There is no guarantee that the Fund will achieve a high degree of correlation to MANGOS Plus  ETF and therefore achieve its daily leveraged investment objective. The Fund’s exposure to MANGOS Plus ETF is  impacted by MANGOS Plus ETF’s movement. Because of this, it is unlikely that the Fund will be perfectly exposed to  MANGOS Plus ETF at the end of each day. The possibility of the Fund being materially over- or under-exposed to  MANGOS Plus ETF increases on days when MANGOS Plus ETF is volatile near the close of the trading day. Market disruptions, regulatory restrictions and high volatility will also adversely affect the Fund’s ability to adjust exposure to  the required levels.

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The Fund may have difficulty achieving its daily leveraged investment objective for many reasons, including fees,  expenses, transaction costs, financing costs related to the use of derivatives, accounting standards and their application  to income items, disruptions, illiquid or high volatility in the markets for the securities or financial instruments in which  the Fund invests, early and unanticipated closings of the markets on which the holdings of the Fund trade, resulting in  the inability of the Fund to execute intended portfolio transactions, regulatory and tax considerations, which may cause  the Fund to hold (or not to hold) MANGOS Plus ETF. The Fund may take or refrain from taking positions in order to  improve tax efficiency, comply with regulatory restrictions, or for other reasons, each of which may negatively affect the  Fund’s desired correlation with MANGOS Plus ETF. The Fund may be subject to large movements of assets into and out  of the Fund, potentially resulting in the Fund being over- or under-exposed to MANGOS Plus ETF. Additionally, the  Fund’s underlying investments and/or reference assets may trade on markets that may not be open on the same day as  the Fund, which may cause a difference between the changes in the daily performance of the Fund and changes in the  performance of MANGOS Plus ETF. Any of these factors could decrease the correlation between the performance of the  Fund and MANGOS Plus ETF and may hinder the Fund’s ability to meet its daily leveraged investment objective on or  around that day.

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Market Risk. The Fund’s investments are subject to changes in general economic conditions, general market fluctuations  and the risks inherent in investment in securities markets. Investment markets can be volatile and prices of investments  can change substantially due to various factors including, but not limited to, economic growth or recession, changes in  interest rates, changes in the actual or perceived creditworthiness of issuers, general market liquidity, exchange trading  suspensions and closures, and public health risks. The Fund is subject to the risk that geopolitical events will disrupt  markets and adversely affect global economies, markets, and exchanges. Local, regional, or global events such as war,  acts of terrorism, natural disasters, the spread of infectious illness or other public health issues, conflicts and social  unrest or other events could have a significant impact on the Fund, its investments, and the Fund’s ability to achieve its  investment objective.

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Indirect Investment Risk. MANGOS Plus ETF is not involved with this offering in any way, and has no obligation to  consider the Fund in taking any corporate actions that might affect the value of the Fund. The Fund is not responsible for  the performance of MANGOS Plus ETF and makes no representation as to the performance of MANGOS Plus ETF.  Investing in the Fund is not equivalent to investing in MANGOS Plus ETF. Fund shareholders will not have voting rights  or rights to receive dividends or other distributions or any other rights with respect to MANGOS Plus ETF.

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Underlying Security Investing Risk. Issuer-specific attributes may cause an investment held by the Fund to be more  volatile than the market generally. The value of an individual security or particular type of security may be more volatile  than the market as a whole and may perform differently from the value of the market as a whole.  

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Regulatory Risk. The Fund is subject to the risk that a change in U.S. law and related regulations will impact the way a  Fund operates, increase the particular costs of the Fund's operations and/or change the competitive landscape.  Additional legislative or regulatory changes could occur that may materially and adversely affect the Fund.

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MANGOS Plus ETF Investing Risk. Characteristics of the MANGOS Plus ETF may cause the Fund's investment exposure to  be more volatile than the market generally. The value of the MANGOS Plus ETF may perform differently from the market  as a whole. In addition to the risks generally associated with investments in equity securities, the MANGOS Plus ETF is  subject to risks associated with investments in companies involved in the development, commercialization,  infrastructure or adoption of artificial intelligence ("AI") and related technologies, including AI platform companies and  companies involved in AI infrastructure, semiconductor manufacturing, advanced computing, data storage, networking  and related technologies. Such companies may be subject to rapid technological change, intense competition, changing  consumer and commercial demand, evolving regulatory requirements, cybersecurity risks, supply chain disruptions,  geopolitical developments and significant stock price volatility. The MANGOS Plus ETF also may invest in derivative instruments and, to a limited extent, private companies, which may involve additional risks, including counterparty risk,  valuation risk and liquidity risk. Because the MANGOS Plus ETF may invest a significant portion of its assets in a limited  number of issuers and may have substantial exposure to the information technology and communications services  sectors, adverse developments affecting those issuers or sectors may have a greater impact on the MANGOS Plus ETF  than on a more broadly diversified investment. In addition, the MANGOS Plus ETF’s exposure to privately held Anthropic  and OpenAI through total return swaps is subject to valuation and liquidity risks because the pricing of its underlying  index, the MANGOS Plus Index, and weighting methodology relies on limited and potentially unreliable market  information, including speculative pre-IPO perpetual futures markets. Inaccurate or volatile pricing and abrupt changes  in index weightings may directly affect the value of the MANGOS Plus ETF’s swap positions and adversely affect its  performance.

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Other Investment Companies Risk. The Fund seeks to achieve its investment objective by obtaining leveraged exposure  to the MANGOS Plus ETF, including through derivative instruments and direct investments in shares of the MANGOS Plus  ETF. As a result, the Fund's performance will depend largely on the performance of the MANGOS Plus ETF and the  securities and other investments held by the MANGOS Plus ETF. The risks of investing in the Fund therefore include the  risks associated with investing in the MANGOS Plus ETF and its portfolio investments. In addition, to the extent the Fund  invests directly in the MANGOS Plus ETF, shareholders indirectly bear a proportionate share of the fees and expenses of  the MANGOS Plus ETF in addition to the Fund's own expenses. The use of the MANGOS Plus ETF as the Fund's underlying  investment may increase the Fund's expenses and may reduce the Fund's performance relative to investing directly in  the MANGOS Plus ETF.

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MANGOS Companies Risk. The Fund's investment strategy is indirectly dependent upon the MANGOS Plus ETF's  exposure to a limited number of companies that the investment adviser to the MANGOS Plus ETF identifies as "MANGOS  Companies." The MANGOS Companies are expected to represent the MANGOS Plus ETF's core holdings and may  constitute a substantial portion of the Fund's investment exposure. As a result, the Fund's performance may be  significantly affected by the performance of a relatively small number of companies.  

The MANGOS Companies may be subject to risks associated with artificial intelligence, software, internet platforms,  cloud computing, advanced computing infrastructure, digital advertising, social media, semiconductor technologies, data  centers, and other rapidly evolving technologies. The performance of these companies may be affected by competition,  technological innovation, cybersecurity incidents, intellectual property disputes, regulatory developments, litigation,  changes in consumer preferences, capital spending trends, and market expectations regarding future growth and  profitability.  

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Certain MANGOS Companies may be privately held companies. Information regarding such companies may be limited,  and the MANGOS Plus ETF's exposure may be obtained through derivative instruments rather than direct ownership of  securities. The Fund's returns may be adversely affected if one or more MANGOS Companies experience operational  difficulties, fail to meet market expectations, lose competitive advantages, or are otherwise negatively affected by  market, economic, technological, or regulatory developments. Because the MANGOS Plus ETF's investment exposure is  focused on a limited number of MANGOS Companies, the Fund may be more volatile than funds with broader  diversification.

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Concentration Risk. The Fund obtains substantially all of its investment exposure directly or indirectly through the  MANGOS Plus ETF. As a result, the Fund is subject to the concentration risks of the MANGOS Plus ETF. To the extent the  MANGOS Plus ETF concentrates its investments in a particular industry or group of industries or has significant exposure  to one or more market sectors, the Fund's performance may be more susceptible to economic, business, political,  regulatory or other developments affecting those industries or sectors than if the Fund's investments were more broadly  diversified. As of the date of this prospectus, the MANGOS Plus ETF has significant exposure to companies involved in  artificial intelligence ("AI") and related technologies and is expected to have substantial exposure to the information  technology and communication services sectors. Accordingly, adverse developments affecting those industries or sectors  could have a greater impact on the Fund than on a fund that is not similarly concentrated.

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Artificial Intelligence Companies Risk. Companies involved in the development, commercialization, deployment,  infrastructure, or adoption of artificial intelligence ("AI") and related technologies may be subject to intense  competition, rapid technological change, evolving industry standards, intellectual property disputes, cybersecurity risks,  regulatory scrutiny, and substantial research and development expenditures. The commercial success of AI technologies  may depend upon continued technological innovation, market acceptance, access to data, computing resources,  semiconductor availability, and significant capital investment.

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The AI industry is subject to evolving legal, regulatory, ethical, and political considerations, including those relating to  privacy, data usage, intellectual property, transparency, consumer protection, competition, and national security.  Changes in regulation, public perception, or technological developments could adversely affect companies represented  in the underlying security. Because the underlying security may have significant exposure to AI-related companies, the  Fund may be more volatile than funds with broader investment exposure.

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Technology and AI Infrastructure Companies Risk. Companies involved in technology, semiconductors, computing  hardware, cloud computing, networking, data center infrastructure, software, communications technology, power  systems, cooling technologies, storage, memory, and other AI-related infrastructure businesses may be affected by rapid  technological change, product obsolescence, pricing pressure, supply chain disruptions, manufacturing constraints,  customer concentration, changing demand patterns, and intense competition.

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Many technology and AI infrastructure companies depend upon continued investment in data centers, cloud computing,  advanced semiconductors, networking infrastructure, and AI-related capital expenditures. Reductions in spending,  delays in technology adoption, shortages of critical components, trade restrictions, or adverse economic conditions may  negatively affect such companies. Securities of technology and AI infrastructure companies may experience substantial  price volatility and may be more sensitive to changes in market expectations regarding future growth and profitability  than companies operating in other industries.

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Internet Platform and Digital Advertising Companies Risk. Companies that operate internet platforms, social media  networks, digital advertising businesses, online communication services, and related technology ecosystems may be  affected by changing consumer preferences, competition, advertising demand, privacy regulations, content moderation  requirements, cybersecurity incidents, data protection laws, and governmental regulation. Such companies may depend  heavily on advertising revenue and user engagement, both of which may be affected by economic conditions,  technological disruption, regulatory developments, or changes in consumer behavior. Securities of such companies may  experience substantial volatility in response to earnings announcements, regulatory actions, litigation, reputational  concerns, or changes in advertising spending.

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Aerospace and Space Technology Companies Risk. Companies involved in aerospace, launch services, satellite  communications, space infrastructure, space exploration, defense technologies, and related industries are subject to  significant operational, technological, regulatory, and financial risks. Such companies may depend upon the successful  development, testing, launch, deployment, and operation of complex technologies and systems, including launch  vehicles, spacecraft, satellites, communications networks, and related infrastructure. Failures, delays, accidents, launch  anomalies, cybersecurity incidents, manufacturing disruptions, supply chain constraints, or technological challenges may  adversely affect such companies.

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Aerospace and space technology companies often require substantial capital expenditures, significant research and  development investments, and long development timelines. Their operations may be affected by governmental  regulation, licensing requirements, national security considerations, international trade restrictions, defense spending  priorities, governmental contracts, and geopolitical developments. Many companies in these industries operate in highly  competitive markets and may be dependent upon a limited number of products, customers, launch opportunities, or  strategic programs. As a result, the securities of such companies may experience significant volatility and may be more susceptible to adverse business, technological, regulatory, or market developments than companies operating in more  diversified industries.

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Technology Sector Risk. The market prices of technology-related securities tend to exhibit a greater degree of market  risk and sharp price fluctuations than other types of securities. These securities may fall in and out of favor with  investors rapidly, which may cause sudden selling and dramatically lower market prices. Technology securities may be  affected by intense competition, obsolescence of existing technology, general economic conditions and government  regulation and may have limited product lines, markets, financial resources, or personnel. Technology companies may  experience dramatic and often unpredictable changes in growth rates and competition for qualified personnel. These  companies are also heavily dependent on patent and intellectual property rights, the loss or impairment of which may  adversely impact a company’s profitability. A small number of companies represent a large portion of the technology  industry. In addition, a rising interest rate environment tends to negatively affect technology companies, those  technology companies seeking to finance expansion would have increased borrowing costs, which may negatively  impact earnings. Technology companies having high market valuations may appear less attractive to investors, which  may cause sharp decreases in their market prices.

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Private Company Exposure Risk. The Fund obtains indirect exposure to OpenAI and Anthropic through its investment in  the MANGOS Plus ETF. The MANGOS Plus ETF obtains exposure to OpenAI and Anthropic through total return swaps  referencing the private company components of the MANGOS Plus Index. To the extent available and consistent with  the Index methodology, MANGOS Plus ETF may also hold a portion of its exposure to OpenAI and Anthropic, through  direct or indirect investments in the private securities of those companies; while any such direct or indirect holdings are  expected to represent a relatively small component of the MANGOS Plus ETF's overall exposure to OpenAI and  Anthropic, such holdings subject the MANGOS Plus ETF, and the Fund, to additional risks beyond those associated with  swap-based exposure.  

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Private companies, such as OpenAI and Anthropic, are not subject to the same disclosure, reporting, corporate  governance and regulatory requirements as publicly traded companies. As a result, information regarding private  companies may be more limited, less current, less transparent and less readily available than information regarding  public companies.  

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The value of private companies may be difficult to determine and may be based on financing transactions, secondary  market activity, valuation models or other estimates that may not accurately reflect the price at which an investment  could be sold. The value ultimately realized through an initial public offering, acquisition, secondary transaction or other  liquidity event may differ significantly from prior valuations. Instruments providing exposure to private companies, as  well as direct investments in private companies, may be less liquid, more volatile and more difficult to value than  investments in publicly traded companies and may be subject to substantial fluctuations in value. Because the Fund  provides leveraged exposure to the MANGOS Plus ETF, changes in the value of the MANGOS Plus ETF's private company  investments or instruments referencing private companies may have a magnified effect on the Fund's performance.

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Fixed Income Securities Risk. When the Fund invests in fixed income securities, the value of your investment in the Fund  will fluctuate with changes in interest rates. Typically, a rise in interest rates causes a decline in the value of fixed income  securities owned by the Fund. In general, the market price of fixed income securities with longer maturities will increase  or decrease more in response to changes in interest rates than shorter-term securities. Other risk factors include credit  risk (the debtor may default), extension risk (an issuer may exercise its right to repay principal on a fixed rate obligation  held by the Fund later than expected), and prepayment risk (the debtor may pay its obligation early, reducing the  amount of interest payments). These risks could affect the value of a particular investment by the Fund, possibly causing  the Fund’s share price and total return to be reduced and fluctuate more than other types of investments.  

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Money Market Instrument Risk. The Fund may use a variety of money market instruments for cash management  purposes, including money market funds, depositary accounts and repurchase agreements. Money market funds may be  subject to credit risk with respect to the debt instruments in which they invest. Depository accounts may be subject to credit risk with respect to the financial institution in which the depository account is held. Repurchase agreements may  be subject to market and credit risk related to the collateral securing the repurchase agreement. Money market  instruments may lose money.

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Liquidity Risk. Holdings of the Fund may be difficult to buy or sell or may be illiquid, particularly during times of market  turmoil. Illiquid securities may be difficult to value, especially in changing or volatile markets. If the Fund is forced to buy  or sell an illiquid security or derivative instrument at an unfavorable time or price, the Fund may be adversely impacted.  Certain market conditions or restrictions may prevent the Fund from limiting losses, realizing gains, or achieving a high  correlation with MANGOS Plus ETF. There is no assurance that a security or derivative instrument that is deemed liquid  when purchased will continue to be liquid. Market illiquidity may cause losses for the Fund. To the extent that MANGOS  Plus ETF value increases or decreases significantly, the Fund may be one of many market participants that are  attempting to transact in the MANGOS Plus ETF. Under such circumstances, the market for MANGOS Plus ETF may lack  sufficient liquidity for all market participants' trades. Therefore, the Fund may have more difficulty transacting in the  securities or financial instruments and the Fund's transactions could exacerbate the price changes of MANGOS Plus ETF  and may impact the ability of the Fund to achieve its investment objective.

In certain cases, the market for MANGOS Plus ETF and/or Fund may lack sufficient liquidity for all market participants'  trades. Therefore, the Fund may have difficulty transacting in it and/or in correlated investments, such as swap  contracts. Further, the Fund's transactions could exacerbate illiquidity and volatility in the price of MANGOS Plus ETF and  correlated derivative instruments.

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Early Close/Trading Halt Risk. Although an underlying security’s shares are listed for trading on an exchange, there can  be no assurance that an active trading market for such shares will be available at all times. An exchange or market may  close or issue trading halts on specific securities or financial instruments, including the shares of the Fund. Under such  circumstances, the ability to buy or sell certain portfolio securities or financial instruments may be restricted, which may  result in the Fund being unable to buy or sell investments for its portfolio, may disrupt the Fund’s creation/redemption  process, and may temporarily prevent investors from buying and selling shares of the Fund. In addition, the Fund may be  unable to accurately price its investments, may fail to achieve performance that is correlated with MANGOS Plus ETF and  may incur substantial losses. If there is a significant intra-day market event and/or MANGOS Plus ETF experiences a  significant price increase or decrease, the Fund may not meet its investment objective or rebalance its portfolio  appropriately. Additionally, the Fund may close to purchases and sales of Shares prior to the close of regular trading on  the exchange and incur significant losses.

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Equity Securities Risk. Publicly issued equity securities, including shares, are subject to market risks that may cause their  prices to fluctuate over time. Fluctuations in the value of equity securities in which the Fund invests, and/or has  exposure to, will cause the net asset value of the Fund to fluctuate. The Fund’s direct investments in shares of MANGOS  Plus ETF does not provide leveraged exposure to MANGOS Plus ETF and, as a result, if the Fund invests directly in shares  of MANGOS Plus ETF to a greater extent, the Fund may not achieve its 200% daily investment objective.

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Cash Transaction Risk. The Fund intends to effect creations and redemptions for cash rather than for in-kind securities.  As a result, the Fund may not be tax efficient and may incur brokerage costs related to buying and selling securities to  achieve its investment objective thus incurring additional expenses than if it had effected creations and redemptions in  kind. To the extent that such costs are not offset by transaction fees paid by an authorized participant, the Fund may  bear such costs, which will decrease the Fund’s net asset value.

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Tax Risk. In order to qualify for the special tax treatment accorded a regulated investment company (“RIC”) and its  shareholders, the Fund must derive at least 90% of its gross income for each taxable year from “qualifying income,”  meet certain asset diversification tests at the end of each taxable quarter, and meet annual distribution requirements.  The Fund’s pursuit of its investment strategy will potentially be limited by the Fund’s intention to qualify for such  treatment and could adversely affect the Fund’s ability to so qualify. The Fund may make certain investments, the  treatment of which for these purposes is unclear. If, in any year, the Fund were to fail to qualify for the special tax treatment accorded a RIC and its shareholders, and were ineligible to or were not to cure such failure, the Fund would  be taxed in the same manner as an ordinary corporation subject to U.S. federal income tax on all its income at the fund  level. The resulting taxes could substantially reduce the Fund’s net assets and the amount of income available for  distribution. In addition, in order to requalify for taxation as a RIC, the Fund could be required to recognize unrealized  gains, pay substantial taxes and interest, and make certain distributions. Please see the section entitled “Taxes” in the  Statement of Additional Information for more information.

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Non-Diversification Risk. The Fund is classified as “non-diversified” under the Investment Company Act of 1940, as  amended. This means it has the ability to invest a relatively high percentage of its assets in the securities of a small  number of issuers or in financial instruments with a single counterparty or a few counterparties. This may increase the  Fund’s volatility and increase the risk that the Fund’s performance will decline based on the performance of a single  issuer or the credit of a single counterparty and make the Fund more susceptible to risks associated with a single  economic, political, or regulatory occurrence than a diversified fund.

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ETF Risks. The Fund is an exchange-traded fund, and, as a result of an ETF’s structure, it is exposed to the following risks:  

• ‍Authorized Participants, Market Makers, and Liquidity Providers Limitation Risk. The Fund has a limited number  of financial institutions that may act as Authorized Participants (“APs”). In addition, there may be a limited  number of market makers and/or liquidity providers in the marketplace. To the extent either of the following  events occur, Shares may trade at a material discount to NAV and possibly face delisting: (i) APs exit the business  or otherwise become unable to process creation and/or redemption orders and no other APs step forward to  perform these services, or (ii) market makers and/or liquidity providers exit the business or significantly reduce  their business activities and no other entities step forward to perform their functions.  ‍
• Cash Redemption Risk. The Fund intends to redeem Shares for cash or to otherwise include cash as part of its  redemption proceeds. The Fund may be required to sell or unwind portfolio investments to obtain the cash  needed to distribute redemption proceeds. This may cause the Fund to recognize a capital gain that it might not  have recognized if it had made a redemption in-kind. As a result, the Fund may pay out higher annual capital  gain distributions than if the in-kind redemption process was used. ‍
• Costs of Buying or Selling Shares. Due to the costs of buying or selling Shares, including brokerage commissions  imposed by brokers and bid/ask spreads, frequent trading of Shares may significantly reduce investment results  and an investment in Shares may not be advisable for investors who anticipate regularly making small  investments. ‍
• Shares May Trade at Prices Other Than NAV. As with all ETFs, Shares may be bought and sold in the secondary  market at market prices. Although it is expected that the market price of Shares will approximate the Fund’s  NAV, there may be times when the market price of Shares is more than the NAV intra-day (premium) or less  than the NAV intra-day (discount) due to supply and demand of Shares or during periods of market volatility.  This risk is heightened in times of market volatility and volatility in the Fund’s portfolio holdings, periods of steep  market declines, and periods when there is limited trading activity for Shares in the secondary market, in which  case such premiums or discounts may be significant. If an investor purchases Shares at a time when the market  price is at a premium to the NAV of the Shares or sells at a time when the market price is at a discount to the  NAV of the Shares, then the investor may sustain losses that are in addition to any losses caused by a decrease in  NAV.  ‍
• Trading. Although Shares are listed for trading on a national securities exchange, and may be traded on other  U.S. exchanges, there can be no assurance that Shares will trade with any volume, or at all, on any stock  exchange. In stressed market conditions, the liquidity of Shares may begin to mirror the liquidity of the Fund’s  underlying portfolio holdings, which can be significantly less liquid than Fund Shares.

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New Fund Risk. As of the date of this prospectus, the Fund has no operating history and currently has fewer assets than  larger funds. Like other new funds, large inflows and outflows may impact the Fund’s market exposure for limited  periods of time. This impact may be positive or negative, depending on the direction of market movement during the  period affected.

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An investor should consider the investment objectives, risks, charges and expenses of the Fund carefully before investing. The prospectus contains this and other information about the Fund. You may obtain a prospectus at www.yadigitaletfs.com or by calling (201) 985-8300. Please read the prospectus or summary prospectus carefully before investing.

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Distributor: PINE Distributors, LLC.

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PINE Distributors LLC is the distributor of the Yorkville America 2X Long MANGOS Plus Daily Target ETF. Yorkville America Equities LLC is theinvestment adviser of the Yorkville America 2X Long MANGOS Plus Daily Target ETF, and Tidal Investments, LLC serves as the sub-adviser. PINE Distributors LLC isnot affiliated with Yorkville America Equities, LLC or Tidal Investments, LLC.PINE Distributors LLC, Member FINRA/SIPC.

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YRKVL-5896069-09/26