Syntax Stratified LargeCap ETF (SSPY),

Syntax Stratified MidCap ETF (SMDY),

Syntax Stratified SmallCap ETF (SSLY),

Syntax Stratified U.S. Total Market ETF (SYUS),

Syntax Stratified U.S. Total Market Hedged ETF (SHUS), and

Syntax Stratified Total Market II ETF (SYII)

(each, a “Fund” and collectively, the “Funds”)

At a Joint Special Meeting of Shareholders held on August 21, 2024, September 11, 2024, and September 18, 2024, the shareholders of the Funds approved an Agreement and Plan of Reorganization (the “Plan”) providing for the reorganization of each Fund with and into two newly created series of Exchange Listed Funds Trust, which is sponsored by Exchange Traded Concepts, LLC.

The Plan provides for the transfer of all of the assets of the applicable Acquired Fund to the corresponding Acquiring Fund in exchange for shares of that Acquiring Fund and the assumption of all of the liabilities of such Acquired Fund by the corresponding Acquiring Fund, and the distribution of the Acquiring Fund’s shares (and cash in lieu of any fractional shares) received by such Acquired Fund to its shareholders in complete liquidation of the Acquired Fund (each, a “Reorganization” and collectively, the “Reorganizations”). Each Acquired Fund and its corresponding Acquiring Fund are set forth in the table below.

The Funds were reorganized to ETC as of the close on September 27, 2024. For more information on the Stratified LargeCap Index ETF (SSPY) and the Stratified LargeCap Hedged ETF (SHUS), including the Acquiring Funds’ prospectuses, please visit the Acquiring Funds’ website at: www.stratifiedfunds.com. (Please note that by clicking this link, you acknowledge that you are navigating away from the Syntax Advisors, LLC website (www.syntaxadvisors.com) and will be connected to the Acquiring Funds’ new website. Please take note that the disclosures, privacy policy, and terms of use may vary between sites.)