Strategy. The Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in the component securities of the BlueStar Israel Global Technology Index, or BIGITech . In pursuing this investment strategy, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in exchange -listed Israeli technology operating companies. The Fund uses a passive or indexing approach to try to achieve the Funds investment objective. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Index is comprised of Israeli Technology Companies (as defined below). Such companies are engaged in a wide spectrum of … Show more… The Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in the component securities of the BlueStar Israel Global Technology Index, or BIGITech . In pursuing this investment strategy, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in exchange -listed Israeli technology operating companies. The Fund uses a passive or indexing approach to try to achieve the Funds investment objective. Unlike many investment companies, the Fund does not try to beat the Index and does not seek temporary defensive positions when markets decline or appear overvalued. The Index is comprised of Israeli Technology Companies (as defined below). Such companies are engaged in a wide spectrum of technology related sectors, including information technology, biotechnology and clean energy. To be considered an Israeli Technology Company, a company must meet the following criteria: (i) operate in one of the following industries: information technology, biotechnology (including medical devices), defense and security technology, clean energy and related technology (including utilities and power producers that derive a majority of their energy generation capacity from renewable energy sources) and water technology; and (ii) meet at least one criteria from Set A or two criteria from Set B Set A Set B Incorporated in Israel Headquartered in Israel At least 50% of revenue, operating assets or employees in Israel Listed on a stock exchange in Israel A majority of the board of directors, or least two chief executives are domiciled in Israel Has research and development (R&D) center in Israel Founded in Israel To be included in the Index, Israeli Technology Companies must have their equity securities or depositary receipts, such as American Depositary Receipts (ADRs) or Global Depositary Receipts (GDRs) representing such equity securities, listed on a securities exchange. See Additional Information About the Funds Strategies and Risks Index Methodology below. In order to initially be eligible for inclusion in the Index, component securities must also meet the following criteria: (1) a free float of at least 10%; (2) a market capitalization equal to or greater than $150 million USD; (3) a minimum three -month average daily trading volume of $1 million USD; and (4) at least 250,000 shares traded per month over the last six months at the current quarter and at the previous two quarters. Companies meeting the above criteria are screened for investability ( e.g. , their equity securities must not be listed on an exchange in a country which employs restrictions on foreign capital investment deemed to be significant). The Index is reconstituted and rebalanced semi -annually on the second Friday of June and December. At the time of each reconstitution, the companies in the Index are weighted based on their float -adjusted market capitalization. Each security is subject to a 7.5% weight cap, with weights redistributed equally among uncapped components. Components with an aggregate weight of 5% or more shall not exceed 50% of the Index. The Index was developed by BlueStar Indexes (BlueStar), and is now administered and maintained by MarketVector. MarketVector is not affiliated with the Fund, Amplify Investments LLC (the Adviser), or Tidal Investments LLC (the Sub -Adviser ). The Index Provider does not make investment decisions, provide investment advice, or otherwise act in the capacity of an investment adviser to the Fund. The Index is calculated by S&P Dow Jones Indices (the Index Calculation Agent). S&P Dow Jones Indices is independent of BlueStar, MarketVector, the Fund, the Adviser, the Sub -Adviser and the Funds distributor. The Index is not limited to a minimum or maximum number of constituents; rather, it targets a coverage of 99% of the investable universe, by float -adjusted market capitalization of Israeli Technology Companies. As of September 30, 2025, the Index consisted of 57 constituents and had significant exposure to the information technology sector. The Fund uses a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Index in approximately the same proportions as in the Index. However, the Fund may utilize a representative sampling strategy with respect to the Index when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to follow the Index, in instances in which a security in the Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Index. The Fund rebalances its portfolio in accordance with its Index, and, therefore, any changes to the Indexs rebalance schedule will result in corresponding changes to the Funds rebalance schedule. Concentration Policy. The Fund will not concentrate its investments ( i.e. , invest more than 25% of the value of its total assets) in securities of issuers in any one industry or group of industries, except to the extent that the Index concentrates in an industry or group of industries. Diversification Status. The Fund is classified as non -diversified under the Investment Company Act of 1940, as amended (the 1940 Act ). Show less