BTC Stock, ClearShares Piton Intermediate Fixed Income ETF Information

The ClearShares Piton Intermediate Fixed Income ETF (the Fund) seeks current income consistent with the long term preservation of capital. The Fund is an actively managed exchange-traded fund (ETF) that seeks to achieve its investment objective by investing, under normal market conditions, at least 80% of its net assets (plus borrowings for investment purposes) in debt securities and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund principally invests in U.S.-dollar denominated, investment-grade securities and seeks to typically maintain a dollar-weighted average portfolio maturity of zero to ten years. The Fund may invest in instruments with a range of maturities, including short-, medium- or long-term maturities. The Fund seeks to typically maintain an average portfolio duration of three to five years.