Accuvest Global Opportunities ETF (Prospectus Summary) | Accuvest Global Opportunities ETF

ACCUVEST GLOBAL OPPORTUNITIES ETF

INVESTMENT OBJECTIVE

The Accuvest Global Opportunities ETF (the "Fund") seeks long-term capital

appreciation in excess of global equity benchmarks such as the MSCI All Country

World Index.

FUND FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold

shares of the Fund. Most investors will incur customary brokerage commissions

when buying or selling shares of the Fund, which are not reflected in the table

below.

SHAREHOLDER FEES (fees paid directly from your investment) None

ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)

Annual Fund Operating Expenses		Accuvest Global Opportunities ETF
MANAGEMENT FEES		0.95%
DISTRIBUTION (12b-1) FEES		none
OTHER EXPENSES	[1]	0.28%
ACQUIRED FUND FEES AND EXPENSES	[2]	0.55%
TOTAL ANNUAL FUND OPERATING EXPENSES	[3]	1.78%

EXAMPLE

This Example is intended to help you compare the cost of investing in the shares

of the Fund with the cost of investing in other funds. This Example does not

take into account creation or redemption transaction fees, or the brokerage

commissions that you pay when purchasing or selling shares of the Fund. If

commissions were included, your costs would be higher.



The Example assumes that you invest $10,000 in the Fund for the time periods

indicated and then sell all of your shares at the end of those periods. The

Example also assumes that your investment has a 5% return each year and that the

Fund's operating expenses remain the same.  Although your actual costs may be

higher or lower, based on these assumptions your costs would be:

Expense Example (USD $)	Expense Example, With Redemption, 1 Year	Expense Example, With Redemption, 3 Years
Accuvest Global Opportunities ETF	181	561

PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells

securities (or "turns over" its portfolio). A higher portfolio turnover may

indicate higher transaction costs and may result in higher taxes when Fund

shares are held in a taxable account. These costs, which are not reflected in

Total Annual Fund Operating Expenses or in the Example, affect the Fund's

performance. This rate excludes the value of portfolio securities received or

delivered as a result of in-kind creations or redemptions of the Fund's shares.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a "fund-of-funds" that seeks to achieve its investment objective by

investing primarily in other exchange-traded funds (the "Underlying ETFs").

Accuvest Global Advisors (the "Sub-Advisor") seeks to achieve the Fund's

investment objective by investing in Underlying ETFs that provide diversified

exposure to select economies around the world. The Sub-Advisor ranks countries

on a monthly basis using its proprietary country ranking model in order to

determine their relative attractiveness. The Sub-Advisor then endeavors to

invest in Underlying ETFs, which may be both affiliated and unaffiliated with

the Fund, that individually or in combination correspond generally to the price

and yield performance of the specific countries (or regions) identified as most

attractive by the model.  The Sub-Advisor believes that attractive returns can

only be achieved by actively structuring portfolios distinct from simply

tracking market indices. As a result, the Fund's portfolio will be invested only

in countries with the highest rankings as identified by the Sub-Advisor's

proprietary country ranking process.

PRINCIPAL RISKS OF INVESTING IN THE FUND

The Fund is subject to a number of risks that may affect the value of its

shares, including:



Allocation Risk. The Fund's particular allocations may have a significant effect

on the Fund's performance. Allocation risk is the risk that the selection of the

Underlying ETFs and the allocation of assets among the Underlying ETFs will

cause the Fund to underperform (i) other funds with similar investment

objectives that do not allocate their assets in the same manner or (ii) the

market as a whole.



Early Closing Risk. An unanticipated early closing of the NYSE Arca, Inc. (the

"Exchange") may result in a shareholder's inability to buy or sell shares of the

Fund on that day.



Investment Risk. As with all investments, an investment in the Fund is subject

to investment risk. Investors in the Fund could lose money, including the

possible loss of the entire principal amount of an investment, over short or

even long periods of time.



Liquidity Risk. Trading in shares of the Fund or an Underlying ETF may be halted

because of market conditions or for reasons that, in the view of the Exchange,

make trading in shares inadvisable. In addition, although the Fund's shares are

currently listed on the Exchange, there can be no assurance that an active

trading market for the shares will develop or be maintained.



Market Risk. Due to market conditions, the Fund's investments may fluctuate

significantly from day to day. This volatility may cause the value of your

investment in the Fund to decrease.



Trading Risk. Shares of the Fund may trade below their net asset value

("NAV"). The NAV of shares will fluctuate with changes in the market value of

the Fund's holdings.



Underlying ETF Investment Risk. Through its investments in the Underlying ETFs,

the Fund will be subject to the risks associated with the Underlying ETFs'

investments, including the possibility that the value of the securities held by

an Underlying ETF could decrease. These risks include any combination of the

risks described below. The Fund's exposure to a particular risk will be

proportionate to the Fund's overall allocation to the Underlying ETFs and the

Underlying ETFs' exposure to various security types and geographic regions.



  o Emerging Markets Risk. There is an increased risk of price volatility

    associated with an Underlying ETF's investments in emerging market countries,

    which may be magnified by currency fluctuations relative to the U.S. dollar.



  o Equity Risk. The prices of equity securities in which an Underlying ETF

    invests rise and fall daily. These price movements may result from factors

    affecting individual companies, industries or the securities market as a

    whole.



  o Foreign Currency Risk. Currency movements may negatively impact the value of

    an Underlying ETF security even when there is no change in the value of the

    security in the issuer's home country. Certain of the Underlying ETFs may not

    hedge against the risk of currency exchange rate fluctuations, while other

    Underlying ETFs may if there is volatility in currency exchange rates.



  o Foreign Securities Risk. An Underlying ETF's investments in securities of

    foreign issuers involve certain risks including, but not limited to, risks of

    adverse changes in foreign economic, political, regulatory and other

    conditions, or changes in currency exchange rates or exchange control

    regulations (including limitations on currency movements and exchanges). In

    certain countries, legal remedies available to investors may be more limited

    than those available with respect to investments in the United States. In

    addition, the securities of some foreign companies may be less liquid and, at

    times, more volatile than securities of comparable U.S. companies.



  o Geographic Investment Risk. Each Underlying ETF invests a significant portion

    of its assets in the securities of issuers organized in one or more

    jurisdictions around the world, or in securities or instruments that provide

    exposure to such issuers. As such, each Underlying ETF is likely to be

    impacted by economic conditions or events affecting the particular market or

    markets reflected by its name. For example, political and economic conditions

    and changes in regulatory, tax, or economic policy in a country could

    significantly affect the market in that country and in surrounding or related

    countries and have a negative impact on the Underlying ETF's

    performance. Initially the Fund is expected to have significant exposure to

    the regions listed below. The Sub-Advisor anticipates, however, that the

    Fund's exposure to particular regions and countries will vary greatly and may

    change frequently.



ASIA. To the extent an Underlying ETF's investments have significant investment

exposure to Asia, the Underlying ETF will be susceptible to loss due to adverse

market, political, regulatory, and geographic events affecting that region.

While certain Asian economies are exemplars of growth and development others

have been and continue to be subject, to some extent, to over-extension of

credit, currency devaluations and restrictions, high unemployment, high

inflation, decreased exports and economic recessions.



EASTERN EUROPE. An Underlying ETF's investments may have significant exposure to

companies located in Eastern Europe. Because of this, companies in the

Underlying ETF's portfolio may react similarly to political, social, and

economic developments in any of the Eastern European countries.



EUROPE. Developed and emerging market countries in Europe will be significantly

affected by the fiscal and monetary controls of the European Monetary Union.

Changes in regulations on trade, decreasing imports or exports, changes in the

exchange rate of the euro and recessions among European countries may have a

significant adverse effect on the economies of other European countries.



PACIFIC REGION. Many of the Pacific region economies can be exposed to high

inflation rates, undeveloped financial services sectors, and heavy reliance on

international trade. The region's economies are also dependent on the economies

of Asia, Europe and the United States and, in particular, on the price and

demand for agricultural products and natural resources.



NORTH AMERICA. The United States is Canada's largest trading and investment

partner and the Canadian economy is significantly affected by developments in

the U.S. economy. The United States is also a significant trading partner of

many emerging markets in which the Underlying ETFs invest. Decreasing U.S.

imports, new trade regulations, changes in the U.S. dollar exchange rates or a

recession in the United States may have an adverse impact on these markets.



  o Investment Risk. Similar to an investment in the Fund, an investment in an

    Underlying ETF is not a bank deposit and is not insured or guaranteed by the

    Federal Deposit Insurance Corporation or any other government agency. The Fund

    may experience losses with respect to its investment in an Underlying ETF.

    Further, there is no guarantee that an Underlying ETF will be able to achieve

    its investment objective.



  o Large-Cap Risk. An Underlying ETF may invest in large-cap companies. Returns

    on investments in stocks of large U.S. companies could trail the returns on

    investments in stocks of small- and mid-cap companies or the market as a

    whole.



  o Mid-Cap Risk. An Underlying ETF may invest in mid-cap companies. Mid-sized

    companies may be more volatile and more likely than large-cap companies to

    have limited product lines, markets or financial resources, or depend on a few

    key employees. Returns on investments in stocks of mid-cap companies could

    trail the returns on investments in stocks of larger or smaller companies or

    the market as a whole.



  o Small-Cap Risk. An Underlying ETF may invest in small-cap companies. Small-cap

    companies may be more vulnerable than larger, more established organizations

    to adverse business or economic developments. In particular, small-cap

    companies may have limited product lines, markets, and financial resources and

    may be dependent upon a relatively small management group. These securities

    may be listed on an exchange or trade over-the-counter, and may or may not pay

    dividends. During a period when small-cap stocks fall behind other types of

    investments - large-cap stocks, for instance - the Underlying ETF's

    performance could be adversely affected.



  o Tracking Error Risk. An Underlying ETF's manager may not be able to cause the

    Fund's performance to correspond to that of the Underlying ETF's benchmark,

    either on a daily or aggregate basis. Tracking error may cause the Underlying

    ETF's performance to be less than expected.



As with any fund, there is no guarantee that the Fund will achieve its

investment objective.

FUND PERFORMANCE

The Fund is new and therefore does not have a performance history for a full

calendar year.

[1] Because the Fund is new, "Other Expenses" are based on estimated amounts for the current fiscal year. If "Other Expenses" exceeds the estimated amount and causes the Fund's Total Annual Fund Operating Expenses to exceed 1.25% (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses) (the "Fee Cap"), the Advisor has contractually agreed to reduce its fees and/or reimburse expenses to keep the Fund's Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions, acquired fund fees and expenses, and extraordinary expenses) from exceeding the Fee Cap for at least a year from the date of this Prospectus. The Fee Cap arrangement (i) may be terminated at any time by the Board of Trustees, and (ii) will be terminated upon termination of the investment advisory agreement between the Advisor and the Fund.

[2] As a shareholder in certain Underlying ETFs (the "Acquired Funds"), the Fund will indirectly bear its proportionate share of the fees and expenses of the Acquired Funds. "Acquired Fund Fees and Expenses" are based upon estimated amounts for the current fiscal year.

[3] The Total Annual Fund Operating Expenses in this fee table may not correlate to the expense ratios in the Fund's financial highlights (and the Fund's financial statements) because the financial highlights include only the Fund's direct operating expenses and do not include Acquired Fund Fees and Expenses.