Defiance Space and Connective Tech ETF UFOX Strategy

The investment seeks o track the total return performance, before fees and expenses, of the BlueStar® Space and Connective Technologies Index (the “Index”). TThe index is a thematic index that tracks the performance of Connective Technology Companies and Space Companies, each defined below, as determined by MarketVector Indexes Gmb (“MarketVector” or the “index provider”). Under normal circumstances, at least 80% of the fund’s net assets (plus borrowings for investment purposes) will be invested in Connective Technology Companies and Space Companies.